MIRA INFORM REPORT

 

 

Report Date :

21.03.2008

 

 

IDENTIFICATION DETAILS

 

Name :

WAHL REFRACTORIES

 

 

Registered Office :

767 S State Route 19 Fremont, OH 43420-9260

 

 

Country :

United States

 

 

Date of Incorporation :

11.19.1982

 

 

Com. Reg. No.:

847642703

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Clay Refractories

 

 

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 :

Average 14 days beyond terms

 

 

Litigation :

Clear

 

 

 

 

 

 

 

 

Company Information

 

 

WAHL REFRACTORIES
767 S STATE ROUTE 19
FREMONT, OH 43420-9260
(419) 334-2658

Business Identification Number:

847642703

File Established:

PRIOR TO 01/1977

Date of Incorporation:

11/19/1982

SIC code: 

CLAY REFRACTORIES - 3255

 

Executive Summary

 

 

  Intelliscore for WAHL REFRACTORIES

 

 

66.16

 

 

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
54% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

NUMBER OF CURRENT ACCOUNTS

NUMBER OF TRADES NET 1-30 TERMS

NUMBER OF RECENTLY ACTIVE ACCOUNTS

BALANCES ON DELINQUENT OR DEROGATORY ACCOUNTS



  Current DBT range compared to all industries*

14 DBT
($3,900 Balance)

 

 

 

 

 

 

0-15

16-50

51+

80%

11%

9%

% of US businesses falling within DBT range

DBT Norms:
All industries: 7 DBT        Same industry: 5 DBT

 

 

 

 

 

 

 

Legal Filings and Collections

Bankruptcy filings:

0

Tax lien filings: details (FILED 07/02)

1

Judgment filings:

0

Total collections:

0

Sum of legal filings:

$457

UCC filings: details (FILED 06/03-05/06)

5

Cautionary UCC filings present?

Yes**



Trade Information

Monthly average DBT:

20

Highest DBT previous 6 months:

30

Highest DBT previous 5 quarters:

30

Total continuous trades:

11

Current continuous trade balance:

$3,900

Trade balance of all trades (20):

$27,200

Average balance previous 5 quarters:

$3,660

Highest credit amount extended: details

$2,900

6 month balance range:

$3,100 - $6,200

* 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.

** 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.

  7 month DBT trends

 

90+

60

30

 


15

 


23

 


15

 


16

 


26

 


30

 


14

 

0

Sep07

Oct07

Nov07

Dec07

Jan08

Feb08

Current

 

 

  Quarterly DBT trends (previous 5 quarters)

 

90+

60

30

 


2

 


2

 


5

 


15

 


18

 

0

 

4Q06

 

1Q07

 

2Q07

 

3Q07

 

4Q07

 

 

Performance Analysis

 

Predicted DBT for 05/14/2008: 14 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 CONTRCT

 

Back to top

 

 

Legal Filings and Collections

 

 

  Tax Liens

File
Date

Filing
Type

Status

Amount

Filing
Number

Jurisdiction

07/17/2002

State Tax Lien

Filed

$457

 

BK152PG967

KANAWHA COUNTY COMM

 

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

 

 

 

$2,500

$100

100%

 

 

 

 

CUST 21 YR

 AIR TRANS

01/2008

 

NET 30

 

$100

$0

 

 

 

 

 

CUST 16 YR

=BUS SERVCS

03/2008

 

NET 7

 

$2,900

$2,900

83%

 

 

 

17%

 

 DP EQUIP

02/2008

 

NET 30

 

$500

$0

 

 

 

 

 

 

 FACTOR

03/2008

06/2006

NET 30

 

$1,500

$0

 

 

 

 

 

CUST 2 YR

 FACTOR

02/2008

 

NET 30

 

$1,900

$0

 

 

 

 

 

CUST 8 YR

+FREIGHT

03/2008

02/2008

VARIED

 

$1,100

$700

84%

16%

 

 

 

 

 OFFC SUPPL

03/2008

01/2005

CREDIT

 

 

$0

 

 

 

 

 

 

 SAFTY PROD

12/2007

 

NET 30

 

 

$0

 

 

 

 

 

CUST 1 YR

=SAFTY PROD

11/2007

10/2007

NET 30

 

$300

$200

53%

47%

 

 

 

CUST 9 YR

 UTILITY

01/2008

01/2008

NET

 

 

$0

 

 

 

 

 

 

 

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

11

 

 

$10,800

$3,900

82%

5%

 

 

13%

DBT: 14

Newly Reported

0

 

 

 

 

 

 

 

 

 

DBT:  

Trade Lines Totals

11

 

 

$10,800

$3,900

82%

5%

 

 

13%

DBT: 14

 

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

 AUTO ACCES

07/2006

 

NET 30

 

 

$0

 

 

 

 

 

 

+CHEMICALS

07/2005

04/2005

COD

 

$2,400

$100

100%

 

 

 

 

 

 CRED CARD

06/2007

05/2006

NET

 

$100

$0

 

 

 

 

 

CUST 3 YR

-FRGHT FWRD

01/2006

 

NET 15

 

$39,600

$21,600

 

74%

1%

 

25%

 

-MANUFCTRNG

03/2007

12/2006

VARIED

 

$1,000

$1,000

 

 

100%

 

 

CUST 1 YR

-OFFC SUPPL

06/2007

06/2007

NET

 

$600

$600

22%

45%

33%

 

 

CUST 1 YR

 OFFC SUPPL

11/2005

07/1999

CREDIT

 

 

$0

 

 

 

 

 

CUST 11 YR

 PACKAGING

01/2006

07/2003

NET 30

 

 

$0

 

 

 

 

 

 

 PACKAGING

06/2006

 

NET 30

 

 

$0

 

 

 

 

 

CUST 6 YR

 

Monthly Payment Trends

 

 

Payment Trends Analysis
CLAY REFRACTORIES INDUSTRY SIC: 3255

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

14

$3,900

 

82%

5%

 

 

13%

FEB08

86%

5

30

$3,100

 

53%

3%

28%

 

16%

JAN08

83%

6

26

$3,300

 

51%

2%

32%

15%

 

DEC07

83%

5

16

$3,900

 

64%

2%

34%

 

 

NOV07

86%

4

15

$4,900

 

56%

16%

28%

 

 

OCT07

84%

5

23

$4,800

 

63%

1%

13%

23%

 

SEP07

84%

6

15

$6,200

 

65%

3%

32%

 

 

 

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

18

$4,400

 

61%

7%

24%

8%

 

Q3 - 07

JUL-SEP

15

$5,100

 

65%

2%

33%

 

 

Q2 - 07

APR-JUN

5

$3,300

 

86%

6%

8%

 

 

Q1 - 07

JAN-MAR

2

$3,000

 

94%

5%

 

 

1%

Q4 - 06

OCT-DEC

2

$2,500

 

96%

 

3%

 

1%

 

Inquiries

 

 

  Summary of Inquiries

Business
Category

MAR08

FEB08

JAN08

DEC07

NOV07

OCT07

SEP07

AUG07

JUL07

BANK

 

 

1

 

 

 

 

 

 

Totals

 

 

1

 

 

 

 

 

 

 

UCC Profile

 

The UCC Filings are summarized and listed below.

UCC Summary

Filings

Date Range

Year

Cautionary
UCCs**

Total
Filed

Released/
Term'd

Cont

Amended/
Assigned

JAN - PRESENT

 

2008

 

 

1

 

 

JUL - DEC

 

2007

 

 

 

 

 

JAN - JUN

 

2007

 

 

 

 

 

JUL - DEC

 

2006

 

 

 

 

 

JAN - JUN

 

2006

1

1

 

 

 

PRIOR TO JAN

 

2006

 

4

 

 

 

Total

 

1

5

1

 

 

 

** 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.

 

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  UCC Filings

 

UCC FILED Date: 05/31/2006

Filing Number: 6183791 3

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: COMERICA BANK MI LIVONIA 48152 39200 SIX MILE ROAD

Collateral: HEREAFTER AQUIRED PROP, INVENTORY, EQUIP, FURN & FIX, REAL PROPERTY, UNDEFINED


UCC FILED Date: 10/01/2004

Filing Number: OH00082062755

Jurisdiction: SEC OF STATE OHIO

Secured Party: CITIBANK, N.A. NY NEW YORK 10013 388 GREENWICH STREET

Collateral:  


UCC FILED Date: 05/25/2004

Filing Number: OH00077680314

Jurisdiction: SEC OF STATE OHIO

Secured Party: FIRST MERIT BANK OH CLEVELAND 44115 101 W PROSPECT

Collateral:  


UCC FILED Date: 04/02/2004

Filing Number: OH00075626732

Jurisdiction: SEC OF STATE OHIO

Secured Party: WELLS FARGO FINANCIAL LEASING, INC. IA DES MOINES 50309 MAC

Collateral:  


UCC FILED Date: 06/26/2003

Filing Number: OH00065599044

Jurisdiction: SEC OF STATE OHIO

Secured Party: NATIONAL CITY BANK OH CLEVELAND 44114 1900 EAST 9TH STREET

Collateral:  


UCC TERMINATED Date: 01/24/2008

Filing Number: 20080240690

Original Filing Date: 06/26/2003

Original Filing Number: OH00065599

Original Filing State: OH

Jurisdiction: SEC OF STATE OHIO

Secured Party: NATIONAL CITY BANK OH CLEVELAND 44114 1900 EAST 9TH STREET

Collateral:  

 

Company Background Information

 

 

  Corporate Registration

 

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF TENNESSEE

State of Origin: TN

Date of Incorporation: 11/19/1982

Current Status: Inactive


Business Type: Institutions - Profit

Charter Number: 0471942


Agent: GEORGE GASPER

Agent Address: 721 LOUDON VIEW LN FRIENDSVILLE, TN

 

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  Additional Company Background Information

 

Operating Information

Business Type: Institutions


Primary SIC Code: CLAY REFRACTORIES - 3255


Number of Employees: 49

Sales: $7,000,000

 

 

 

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