MIRA INFORM REPORT

 

 

Report Date :

03.03.2008

 

 

IDENTIFICATION DETAILS

 

Name :

LA PORTE CONSTRUCTION

 

 

Registered Office :

2505 S State St Salt Lake Cty, UT 84115-3109

 

 

Country :

United States

 

 

Date of Incorporation :

07/1995

 

 

Com. Reg. No.:

800343473

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Real Estate Agents and Managers

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

 

Company Information

 

 

LA PORTE CONSTRUCTION
2505 S STATE ST
SALT LAKE CTY, UT 84115-3109
(801) 484-4775

Business Identification Number:

800343473

File Established:

07/1995

SIC code: 

REAL ESTATE AGENTS AND MANAGERS - 6531

 

Matching Name and Address

 

 

This business is linked to the one displayed above. The report shows the best view of the business.

LA PORTE CONSTRUCTION, INC
313 MARYFIELD DR
SALT LAKE CITY, UT 84108-1541

 

Executive Summary

 

 

  Intelliscore for LA PORTE CONSTRUCTION

 

 

67.08

 

 

0-32.47

32.48-58.63

58.64-70.19

70.2-77.71

77.72-100

0

 

100

 

High risk

Low risk


MEDIUM RISK
56% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

RECENTLY DELINQUENT OR DEROGATORY AVG ACCOUNT BALANCES

PRESENCE OF AN INCONSISTENT PAYMENT TREND

NUMBER OF ACTIVE ACCOUNTS

NUMBER OF DEROGATORY PUBLIC RECORD ACCOUNTS



  Current DBT range compared to all industries*

0 DBT
($1,300 Balance)

 

 

 

 

 

 

0-15

16-50

51+

80%

11%

9%

% of US businesses falling within DBT range

DBT Norms:
All industries: 8 DBT        Same industry: 6 DBT

 

 

 

 

 

 

 

 

                                                  

 

Legal Filings and Collections

Bankruptcy filings:

0

Tax lien filings: details (FILED 03/04-07/07)

2

Judgment filings:

0

Total collections:

0

Sum of legal filings:

$7,379

UCC filings:

0

Cautionary UCC filings present?

No



Trade Information

Monthly average DBT:

37

Highest DBT previous 6 months:

52

Highest DBT previous 5 quarters:

52

Total continuous trades:

5

Current continuous trade balance:

$1,300

Trade balance of all trades (8):

$1,300

Average balance previous 5 quarters:

$8,760

Highest credit amount extended: details

$44,800

6 month balance range:

$500 - $49,100

* Days Beyond Terms (DBT) is a dollar weighted calculation of the average number of days that payment was made beyond the invoice due date based on trades on file that have been updated in the previous 3 months.

  7 month DBT trends

 

90+

60

30

 


20

 


50

 


52

 


42

 


50

 


10

 


0

 

0

Aug07

Sep07

Oct07

Nov07

Dec07

Jan08

Current

 

 

  Quarterly DBT trends (previous 5 quarters)

 

90+

60

30

 


8

 


0

 


3

 


49

 


50

 

0

 

4Q06

 

1Q07

 

2Q07

 

3Q07

 

4Q07

 

 

Performance Analysis

 

Predicted DBT for 04/30/2008: 1 DBT

Payment Trend Indication:
Show No Identifiable Trend

Industry payment comparison:
Has paid slower than 75% of similar firms

Most Frequent Industry Purchasing Terms:
NET 30, CREDIT, and 0000000

 

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Legal Filings and Collections

 

 

  Tax Liens

File
Date

Filing
Type

Status

Amount

Filing
Number

Jurisdiction

08/06/2007

State Tax Lien

Released

$6,187

 

076918770

SALT LAKE DISTRICT C

07/16/2007

State Tax Lien

Filed

$6,187

 

076918770

SALT LAKE DISTRICT C

03/15/2004

State Tax Lien

Filed

$1,192

 

046908822

SALT LAKE DISTRICT C

 

 

 

 

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

+AIR TRANS

01/2008

10/2007

 

 

$400

$100

100%

 

 

 

 

CUST 4 YR

+BLDG MATRL

01/2008

12/2007

 

 

$44,800

$200

100%

 

 

 

 

 

 INDUS MACH

01/2008

 

NET 30

 

 

$0

 

 

 

 

 

 

+PAINTS

02/2008

01/2008

1/10PRX

 

$4,300

$800

100%

 

 

 

 

 

+RENTALS

02/2008

 

NET 10

 

$400

$200

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

5

 

 

$49,900

$1,300

100%

 

 

 

 

DBT: 0

Newly Reported

0

 

 

 

 

 

 

 

 

 

DBT:  

Trade Lines Totals

5

 

 

$49,900

$1,300

100%

 

 

 

 

DBT: 0

 

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

 ADV MEDIA

06/2007

 

NET

 

 

$0

 

 

 

 

 

 

 HARDWARE

08/2005

07/2005

CASH

 

$100

$0

 

 

 

 

 

CUST 9 YR

 INDUS MACH

07/2006

 

NET

 

 

$0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Monthly Payment Trends

 

 

Payment Trends Analysis
REAL ESTATE AGENTS AND MANAGERS INDUSTRY SIC: 6531

Account Status
Days Beyond Terms

Date Reported

Industry

Cur

DBT

Business
DBT

Balance

Cur

1-30

31-60

61-90

91+

CURRENT

N/A

N/A

0

$1,300

 

100%

 

 

 

 

JAN08

90%

6

10

$500

 

59%

27%

14%

 

 

DEC07

89%

5

50

$9,200

 

2%

7%

64%

27%

 

NOV07

90%

5

42

$9,000

 

5%

2%

93%

 

 

OCT07

91%

4

52

$48,700

 

13%

31%

16%

7%

33%

SEP07

92%

4

50

$49,100

 

19%

27%

14%

7%

33%

AUG07

93%

3

20

$2,100

 

71%

 

5%

24%

 

 

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

50

$22,300

 

10%

24%

33%

9%

24%

Q3 - 07

JUL-SEP

49

$17,300

 

21%

26%

14%

8%

31%

Q2 - 07

APR-JUN

3

$1,200

 

78%

22%

 

 

 

Q1 - 07

JAN-MAR

0

$1,600

 

97%

3%

 

 

 

Q4 - 06

OCT-DEC

8

$1,400

 

67%

23%

10%

 

 

 

Inquiries

 

 

  Summary of Inquiries

Business
Category

MAR08

FEB08

JAN08

DEC07

NOV07

OCT07

SEP07

AUG07

JUL07

BANK

 

 

 

1

 

 

 

 

 

Totals

 

 

 

1

 

 

 

 

 

 

Company Background Information

 

 

  Corporate Registration

 

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF UTAH

State of Origin: UT

Current Status: Active


Business Type: Institutions - Profit


Agent: BEN LOGOE

Agent Address: 313 MARYFIELD DR SALT LAKE CTY, UT

 

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  Additional Company Background Information

 

Operating Information

Business Type: Institutions


Primary SIC Code: REAL ESTATE AGENTS AND MANAGERS - 6531


Number of Employees: 30

 

 

 

 

 

 

 

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