MIRA INFORM REPORT

 

 

Report Date :

30.04.2008

 

 

IDENTIFICATION DETAILS

 

Name :

WEILER CORP

 

 

Registered Office :

1 Wildwood Dr Cresco, PA 18326-9804

 

 

Country :

United States

 

 

Date of Incorporation :

03.11.1981

 

 

Com. Reg. No.:

840081183

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Home Furnishings Stores

 

 

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 :

Slow by 3 days

 

 

Litigation :

Clear

 

 

 

 

 

 

 

 

 

 

Company Information

 

 

WEILER CORP
1 WILDWOOD DR
CRESCO, PA 18326-9804
(717) 595-7495

Business Identification Number:

840081183

File Established:

PRIOR TO 01/1977

Date of Incorporation:

03/11/1981

SIC code: 

MISC HOME FURNISHINGS STORES - 5719

 

Executive Summary

 

 

  Intelliscore for WEILER CORP

 

 

71.13

 

 

0-32.47

32.48-58.63

58.64-70.19

70.2-77.71

77.72-100

0

 

100

 

High risk

Low risk


LOW TO MEDIUM RISK
67% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

NUMBER OF DELINQUENT OR DEROGATORY ACCOUNTS

HISTORY OF SLOW PAYING ACCOUNTS

NUMBER OF GOOD ACCOUNTS

NUMBER OF CURRENT ACCOUNTS



  Current DBT range compared to all industries*

3 DBT
($20,500 Balance)

 

 

 

 

 

 

0-15

16-50

51+

80%

11%

9%

% of US businesses falling within DBT range

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

 

 

 

 

 

 

Legal Filings and Collections

Bankruptcy filings:

0

Tax lien filings:

0

Judgment filings:

0

Total collections:

0

Sum of legal filings:

$0

UCC filings: details (FILED 10/04-10/05)

2

Cautionary UCC filings present?

Yes**



Trade Information

Monthly average DBT:

1

Highest DBT previous 6 months:

3

Highest DBT previous 5 quarters:

16

Total continuous trades:

14

Current continuous trade balance:

$20,500

Trade balance of all trades (28):

$22,600

Average balance previous 5 quarters:

$72,740

Highest credit amount extended: details

$99,500

6 month balance range:

$20,500 - $73,700

* 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

 


1

 


2

 


1

 


2

 


0

 


1

 


3

 

0

Oct07

Nov07

Dec07

Jan08

Feb08

Mar08

Current

 

 

  Quarterly DBT trends (previous 5 quarters)

 

90+

60

30

 


5

 


6

 


16

 


1

 


1

 

0

 

1Q07

 

2Q07

 

3Q07

 

4Q07

 

1Q08

 

 

Performance Analysis

 

Predicted DBT for 06/25/2008: 3 DBT

Payment Trend Indication:
Are Stable

Industry payment comparison:
Has paid sooner than 50% of similar firms

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

 

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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

03/2008

 

NET 30

 

$3,500

$2,100

97%

 

 

 

3%

CUST 14 YR

 COMPUTERS

04/2008

06/2002

CREDIT

 

 

$0

 

 

 

 

 

 

+ELEC SUPLR

04/2008

04/2008

NET30

 

$5,000

$1,100

100%

 

 

 

 

 

 FINCL SVCS

04/2008

04/2005

NET

 

$200

$0

 

 

 

 

 

 

 FREIGHT

04/2008

08/2007

VARIED

 

$600

$0

 

 

 

 

 

 

+FREIGHT

01/2008

12/2006

VARIED

 

$200

$200

100%

 

 

 

 

CIA

 FRGHT FWRD

04/2008

12/2007

NET 30

 

 

$0

 

 

 

 

 

 

 GENL MERCH

04/2008

 

CREDIT

 

 

$0

 

 

 

 

 

ACCTCLOSED

 LUMBR&WOOD

02/2008

 

2/10N30

 

$100

$0

 

 

 

 

 

 

+MISC MANUF

03/2008

03/2008

NET 30

 

$6,400

$4,000

100%

 

 

 

 

 

 PACKAGING

04/2008

 

NET 30

 

 

$0

 

 

 

 

 

CUST 3 YR

 PAPER PROD

04/2008

 

NET 30

 

 

$0

 

 

 

 

 

 

 SAFTY PROD

03/2008

 

NET30

 

$100

$0

 

 

 

 

 

 

+TRUCK DLR

04/2008

 

CONTRCT

 

$99,500

$13,100

69%

31%

 

 

 

 

 

 

 

 

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

14

 

 

$115,600

$20,500

80%

20%

 

 

 

DBT: 3

Newly Reported

0

 

 

 

 

 

 

 

 

 

DBT:  

Trade Lines Totals

14

 

 

$115,600

$20,500

80%

20%

 

 

 

DBT: 3

 

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

+AIR TRANS

09/2006

09/2006

 

 

$30,600

$600

100%

 

 

 

 

CUST 6 YR

 BUS SERVCS

02/2007

02/2007

NET 30

 

 

$0

 

 

 

 

 

 

 COMPUTERS

12/2005

03/2005

UNK

 

$200

$0

 

 

 

 

 

 

 CRED CARD

06/2007

 

REVOLVE

 

 

$0

 

 

 

 

 

ACCTCLOSED

 FACTOR

02/2007

12/2006

NET 30

 

 

$0

 

 

 

 

 

 

 INDUS MACH

05/2005

 

NET 30

 

 

$0

 

 

 

 

 

 

+IRON&STEEL

08/2007

 

NET 30

 

$600

$300

100%

 

 

 

 

 

 MISC MANUF

05/2006

03/2006

VARIED

 

$2,300

$0

 

 

 

 

 

 

 OFFC SUPPL

03/2007

01/2007

NET

 

$2,500

$0

 

 

 

 

 

CUST 3 YR

 OFFC SUPPL

11/2005

01/1999

CREDIT

 

 

$0

 

 

 

 

 

CUST 7 YR

 SERV ASSOC

10/2005

 

NET 15

 

$400

$0

 

 

 

 

 

 

 TELECOM

07/2005

07/2005

NET 30

 

 

$0

 

 

 

 

 

CUST 10 YR

-TEMP HELP

07/2005

 

VARIED

 

$11,100

$1,200

 

 

 

 

100%

CUST 14 YR

 TRANSPORTN

11/2007

 

NET 15

 

 

$0

 

 

 

 

 

ACCTCLOSED

 

Monthly Payment Trends

 

 

Payment Trends Analysis
MISC HOME FURNISHINGS STORES INDUSTRY SIC: 5719

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

3

$20,500

 

80%

20%

 

 

 

MAR08

83%

8

1

$26,500

 

95%

5%

 

 

 

FEB08

84%

8

0

$48,400

 

100%

 

 

 

 

JAN08

60%

10

2

$56,500

 

89%

11%

 

 

 

DEC07

84%

6

1

$60,900

 

96%

4%

 

 

 

NOV07

85%

5

2

$73,700

 

90%

10%

 

 

 

OCT07

86%

5

1

$62,400

 

96%

4%

 

 

 

 

Quarterly Payment Trends

 

 

Payment History - Quarterly Averages

Account Status
Days Beyond Terms

Quarter

Months

DBT

Balance

Cur

1-30

31-60

61-90

91+

Q1 - 08

JAN-MAR

1

$43,800

 

94%

6%

 

 

 

Q4 - 07

OCT-DEC

1

$65,700

 

94%

6%

 

 

 

Q3 - 07

JUL-SEP

16

$89,500

 

66%

6%

21%

7%

 

Q2 - 07

APR-JUN

6

$112,800

 

63%

37%

 

 

 

Q1 - 07

JAN-MAR

5

$51,900

 

92%

2%

 

6%

 

 

Inquiries

 

 

  Summary of Inquiries

Business
Category

APR08

MAR08

FEB08

JAN08

DEC07

NOV07

OCT07

SEP07

AUG07

GENERAL

 

 

 

1

 

 

 

 

 

MANUFCTRNG

1

 

 

 

 

 

 

 

 

Totals

1

 

 

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

 

 

 

 

 

JUL - DEC

 

2007

 

 

 

 

 

JAN - JUN

 

2007

 

 

 

 

 

JUL - DEC

 

2006

 

 

 

 

 

JAN - JUN

 

2006

 

 

 

 

 

PRIOR TO JAN

 

2006

1

2

 

 

 

Total

 

1

2

 

 

 

 

** 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: 10/06/2005

Filing Number: 5310090 7

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: PNC BANK NATIONAL ASSOCIATION PA PITTSBURGH 15222 249 FIFTH

Collateral: EQUIP, HEREAFTER AQUIRED PROP, UNDEFINED


UCC FILED Date: 10/28/2004

Filing Number: 4304778 6

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: FLEET BUSINESS CREDIT, LLC MI TROY P.O. BOX 7023

Collateral: EQUIP

 

Commercial Finance Relationships

 

 

  Banking Relationships

 

Financial Institution: CITIZENS SAVINGS BANK

Address: 1 CITIZENS PLAZA PROVIDENCE RI02903

Phone: (401) 456-7000

Account Type: BORROWER

Date Opened: 09/05/1997

Account Rating: NO COMMENT AS OF 09/29/2006


Financial Institution: CITIZENS SAVINGS BANK

Address: 1 CITIZENS PLAZA PROVIDENCE RI02903

Phone: (401) 456-7000

Account Type: BORROWER

Date Opened: 05/28/1992

Account Rating: NO COMMENT AS OF 09/29/2006


Financial Institution: CITIZENS SAVINGS BANK

Address: 1 CITIZENS PLAZA PROVIDENCE RI02903

Phone: (401) 456-7000

Account Type: BORROWER

Date Opened: 07/18/2002

Account Rating: NO COMMENT AS OF 09/29/2006

 

Company Background Information

 

 

  Corporate Registration

 

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF CALIFORNIA

State of Origin: CA

Date of Incorporation: 03/11/1981

Current Status: Inactive


Business Type: Institutions - Profit

Charter Number: 01020475


Agent: C T CORPORATION SYSTEM

Agent Address: 818 W 7TH ST LOS ANGELES, CA

 

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  Additional Company Background Information

 

Operating Information

Business Type: Institutions


Primary SIC Code: MISC HOME FURNISHINGS STORES - 5719

Secondary SIC Code: BROOMS & BRUSHES - 3991

Additional SIC Code: 3569

 

 

 

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