MIRA INFORM REPORT

Report Date :

30.01.2008

IDENTIFICATION DETAILS

Name :	MICHELS MACHINERY CO INC

Registered Office :	1973 N Nellis Blvd #320 Las Vegas, NV

Country :	United States

Date of Incorporation :	March 1990

Com. Reg. No.:	800600033

Legal Form :	Limited Liability Company

Line of Business :	Industrial Machinery and Equipmen

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate

Payment Behaviour :	Unknown

Litigation :	Clear

Executive Summary

Intelliscore for MICHELS MACHINERY CO INC

24.02

0-32.47

32.48-58.63

58.64-70.19

70.2-77.71

77.72-100

100

High risk

Low risk

HIGH RISK

12% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

NUMBER OF TRADES WITH A HIGH BALANCE TO HIGH CREDIT RATIO

BALANCES ON DELINQUENT OR DEROGATORY ACCOUNTS

BALANCE ON HIGH CREDIT

NUMBER OF DELINQUENT OR DEROGATORY ACCOUNTS

Research Tips

Additional information may be available on this business.

Other recommended searches:

Order Public Record

Legal Filings and Collections

Bankruptcy filings:

Tax lien filings:

Judgment filings:

Total collections: details (PLACED 07/03)

Sum of legal filings:

UCC filings: details (FILED 05/02-11/07)

Cautionary UCC filings present?

Trade Information

Monthly average DBT:

105

Highest DBT previous 6 months:

105

Highest DBT previous 5 quarters:

105

Total continuous trades:

Current continuous trade balance:

$2,500

Trade balance of all trades (8):

$3,600

Average balance previous 5 quarters:

$2,500

Highest credit amount extended: details

$2,500

6 month balance range:

$0 - $0

Legal Filings and Collections

Collections

Date
Placed

Status

Original
Balance

Outstanding
Balance

Date
Closed

Agency

Agency
Phone

07/2003

Open Account

$1,127

NCO GROUP

(800) 735-6008

Trade Payment Information

Trade Payment Experiences
(Trade Lines With an (*) after date are newly reported)

Account Status
Days Beyond Terms

Business
Category

Date
Reported

Last
Sale

Payment
Terms

Recent
High
Credit

Balance

Cur

1-30

31-60

61-90

91+

Comments

FRGHT FWRD

01/2008*

01/2008

NET 30

INDUS MACH

12/2007

NET 30

-PRNTG&PUBL

11/2007

VARIED

$2,500

100%

Trade Payment Totals

Trade Payment Experiences

Account Status
Days Beyond Terms

Type

Lines
Reported

Recent
High
Credit

Balance

Cur

1-30

31-60

61-90

91+

Comments

Continuously Reported

$2,500

100%

DBT: 105

Newly Reported

DBT: 0

Trade Lines Totals

$2,500

100%

DBT: 105

Additional Payment Experiences

Trade Payment Experiences
(Trade Lines With an (*) after date are newly reported)

Account Status
Days Beyond Terms

Business
Category

Date
Reported

Last
Sale

Payment
Terms

Recent
High
Credit

Balance

Cur

1-30

31-60

61-90

91+

Comments

CONST MACH

10/2005

VARIED

CUST 95 YR

EQUIPMENT

04/2007

NET 30

EQUIPMENT

07/2006

NET 30

-FRGHT FWRD

07/2005

04/2005

NET 15

$16,100

$1,100

100%

INDUS MACH

07/2006

NET

Monthly Payment Trends

Payment Trends Analysis
INDUSTRIAL MACHINERY AND EQUIPMEN INDUSTRY SIC: 5084

Account Status
Days Beyond Terms

Date Reported

Industry

Cur

DBT

Business
DBT

Balance

Cur

1-30

31-60

61-90

91+

CURRENT

N/A

105

$2,500

100%

DEC07

81%

105

$2,500

100%

NOV07

82%

105

$2,500

100%

OCT07

83%

105

$2,500

100%

SEP07

82%

105

$2,500

100%

AUG07

83%

105

$2,500

100%

JUL07

86%

105

$2,500

100%

Quarterly Payment Trends

Payment History - Quarterly Averages

Account Status
Days Beyond Terms

Quarter

Months

DBT

Balance

Cur

1-30

31-60

61-90

91+

Q4 - 07

OCT-DEC

105

$2,500

100%

Q3 - 07

JUL-SEP

105

$2,500

100%

Q2 - 07

APR-JUN

105

$2,500

100%

Q1 - 07

JAN-MAR

101

$2,500

14%

86%

Q4 - 06

OCT-DEC

$2,500

14%

71%

UCC Profile

The number of UCC Filings is summarized with the 10 most recent listed below.

A full UCC detail report is available the same business day by entering UCC-800600033-C032593824
into the Business ID Number field on the BizApps order page.

UCC Summary

Filings

Date Range

Year

Cautionary
UCCs^**

Total
Filed

Released/
Term'd

Cont

Amended/
Assigned

JAN - PRESENT

2008

JUL - DEC

2007

JAN - JUN

2007

JUL - DEC

2006

JAN - JUN

2006

PRIOR TO JAN

2006

Total

** Cautionary UCC Filings include one or more of the following collateral:
Accounts, Accounts Receivables, Contract Rights, Hereafter Acquired Property, Inventory, Leases, Notes Receivable or Proceeds.

UCC Filings

UCC FILED Date: 11/16/2007

Filing Number: 2007038134-3

Jurisdiction: SECRETARY OF STATE O

Secured Party: FINANCIAL FEDERAL CREDIT INC. TX HOUSTON 77056 1300 POST OAK

Collateral:

UCC FILED Date: 11/16/2007

Filing Number: 2007038135-5

Jurisdiction: SECRETARY OF STATE O

Secured Party: FINANCIAL FEDERAL CREDIT INC. TX HOUSTON 77056 1300 POST OAK

Collateral:

UCC FILED Date: 06/15/2007

Filing Number: 2007019158-0

Jurisdiction: SECRETARY OF STATE O

Secured Party: FINANCIAL FEDERAL CREDIT INC. TX HOUSTON 77056 1300 POST OAK

Collateral:

UCC FILED Date: 12/04/2006

Filing Number: 2006039729-3

Jurisdiction: SECRETARY OF STATE O

Secured Party: FINANCIAL FEDERAL CREDIT INC. TX HOUSTON 77056 1300 POST OAK

Collateral:

UCC FILED Date: 08/28/2006

Filing Number: 2006028998-9

Jurisdiction: SECRETARY OF STATE O

Secured Party: FINANCIAL FEDERAL CREDIT INC. TX HOUSTON 77056 1300 POST OAK

Collateral:

UCC FILED Date: 04/12/2005

Filing Number: 2005011012-0

Jurisdiction: SECRETARY OF STATE O

Secured Party: FINANCIAL FEDERAL CREDIT INC. TX HOUSTON 77056 1300 POST OAK

Collateral:

UCC FILED Date: 12/14/2004

Filing Number: 2004037661-3

Jurisdiction: SECRETARY OF STATE O

Secured Party: FINANCIAL FEDERAL CREDIT INC. TX HOUSTON 77056 1300 POST OAK

Collateral:

UCC FILED Date: 02/12/2004

Filing Number: 2004004311-3

Jurisdiction: SECRETARY OF STATE O

Secured Party: FINANCIAL FEDERAL CREDIT INC. TX HOUSTON 77056 1300 POST OAK

Collateral:

UCC FILED Date: 08/19/2002

Filing Number: 2002022136-9

Jurisdiction: SECRETARY OF STATE O

Secured Party: FINANCIAL FEDERAL CREDIT INC CA IRVINE 92612 7 CORPORATE PAR

Collateral:

UCC CONTINUED Date: 07/03/2007

Filing Number: 2007021409-7

Original Filing Date: 08/19/2002

Original Filing Number: 2002022136

Original Filing State: NV

Jurisdiction: SECRETARY OF STATE O

Secured Party: FINANCIAL FEDERAL CREDIT INC CA IRVINE 92612 7 CORPORATE PAR

Collateral:

Company Background Information

Additional Company Background Information

Key Personnel

Principal(s):	JIM MICHELS, PRESIDENT
	JAMES MICHAELS, PRESIDENT

Operating Information

Primary SIC Code: INDUSTRIAL MACHINERY AND EQUIPMEN - 5084

Number of Employees: 7

Sales: $160,000

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
NR		In view of the lack of information, we have no basis upon which to recommend credit dealings	No Rating

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

MIRA INFORM REPORT

Company Information

Executive Summary

Legal Filings and Collections

Trade Payment Information

Trade Payment Totals

Additional Payment Experiences

Monthly Payment Trends

Quarterly Payment Trends

UCC Profile

UCC Filings

Company Background Information