MIRA INFORM REPORT

 

 

Report Date :

08.05.2008

 

 

IDENTIFICATION DETAILS

 

Name :

BILCARE INC

 

 

Registered Office :

300 Kimberton Rd Phoenixville, PA 19460-2123

 

 

Country :

United States

 

 

Date of Incorporation :

09/2005

 

 

Com. Reg. No.:

839548253

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Drugs and Proprietaries Whlsng

 

 

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 8 days

 

 

Litigation :

Clear

 

 

 

 

 

 

 

 

 

 

 

Company Information

 

 

BILCARE INC
300 KIMBERTON RD
PHOENIXVILLE, PA 19460-2123
(610) 935-4300

Business Identification Number:

839548253

File Established:

09/2005

SIC code: 

DRUGS & PROPRIETARIES WHLSNG - 5122

 

Matching Name and Address

 

 

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

BILCARE INC
1041 W BRIDGE ST DOCK 2
PHOENIXVILLE, PA 19460

 

Executive Summary

 

 

  Intelliscore for BILCARE INC

 

 

50.96

 

 

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 TO HIGH RISK
29% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

RATIO OF BALANCE ON DELINQUENT ACCOUNTS TO ALL BALANCES

RATIO OF BALANCE ON SLOW PAYING ACCOUNTS TO ALL BALANCES

NUMBER OF TRADES WITH A HIGH BALANCE TO HIGH CREDIT RATIO

PRESENCE OF AN INCONSISTENT PAYMENT TREND

  Current DBT range compared to all industries*

8 DBT
($60,600 Balance)

 

 

 

 

 

 

0-15

16-50

51+

80%

11%

9%

% of US businesses falling within DBT range

DBT Norms:
All industries: 6 DBT        Same industry: 7 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:

0

Cautionary UCC filings present?

No



Trade Information

Monthly average DBT:

0

Highest DBT previous 6 months:

8

Highest DBT previous 5 quarters:

8

Total continuous trades:

9

Current continuous trade balance:

$60,600

Trade balance of all trades (15):

$94,900

Average balance previous 5 quarters:

$28,460

Highest credit amount extended: details

$42,700

6 month balance range:

$16,700 - $60,700

* 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.

  7 month DBT trends

 

90+

60

30

 


0

 


0

 


0

 


0

 


1

 


4

 


8

 

0

Oct07

Nov07

Dec07

Jan08

Feb08

Mar08

Current

 

 

  Quarterly DBT trends (previous 5 quarters)

 

90+

60

30

 


2

 


1

 


2

 


0

 


2

 

0

 

1Q07

 

2Q07

 

3Q07

 

4Q07

 

1Q08

 


Performance Analysis

 

Predicted DBT for 07/02/2008: 10 DBT

Payment Trend Indication:
Payments Are Increasingly Late

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

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

 

Back to top

 

 

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

03/2008

 

 

$12,600

$8,800

99%

1%

 

 

 

CUST 3 YR

 AIR TRANS

03/2008

 

NET 30

 

 

$0

 

 

 

 

 

CUST 3 YR

+CHEMICALS

04/2008

 

CREDIT

 

$1,500

$100

100%

 

 

 

 

 

+FINCL SVCS

04/2008

03/2008

VARIED

 

$39,200

$5,000

100%

 

 

 

 

SATSFTRY

=FREIGHT

04/2008

12/2007

VARIED

 

$42,700

$42,700

45%

52%

 

3%

 

 

-PACKAGING

04/2008

 

NET 30

 

$10,400

$3,800

 

100%

 

 

 

CUST 3 YR

+RENTALS

04/2008

 

NET 10

 

$3,100

$200

100%

 

 

 

 

 

 SAFTY PROD

03/2008

 

NET30

 

 

$0

 

 

 

 

 

CUST 2 YR

 TRUCK DLR

01/2008

 

CONTRCT

 

$1,900

$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

9

 

 

$111,400

$60,600

55%

43%

 

2%

 

DBT: 8

Newly Reported

0

 

 

 

 

 

 

 

 

 

DBT:  

Trade Lines Totals

9

 

 

$111,400

$60,600

55%

43%

 

2%

 

DBT: 8

 

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

 BUS SERVCS

11/2006

11/2006

NET 30

 

 

$0

 

 

 

 

 

 

-BUS SERVCS

08/2006

 

NET 7

 

$600

$300

 

 

 

 

100%

 

-CHEMICALS

04/2006

02/2006

NET 30

 

$300

$300

 

100%

 

 

 

 

 FACTOR

09/2006

 

NET 30

 

$7,200

$0

 

 

 

 

 

 

+LEASING

12/2007

 

NET 30

 

$28,300

$27,700

97%

 

3%

 

 

CUST 4 YR

-PRNTG&PUBL

03/2007

12/2006

CONTRCT

 

$11,700

$6,000

 

 

 

100%

 

CUST 1 YR

 

Monthly Payment Trends

 

 

Payment Trends Analysis
DRUGS & PROPRIETARIES WHLSNG INDUSTRY SIC: 5122

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

8

$60,600

 

55%

43%

 

2%

 

MAR08

70%

7

4

$42,700

 

82%

15%

3%

 

 

FEB08

69%

7

1

$27,700

 

93%

6%

1%

 

 

JAN08

66%

7

0

$37,800

 

97%

3%

 

 

 

DEC07

63%

7

0

$27,700

 

100%

 

 

 

 

NOV07

62%

9

0

$18,400

 

100%

 

 

 

 

OCT07

61%

8

0

$16,700

 

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+

Q1 - 08

JAN-MAR

2

$36,000

 

91%

8%

1%

 

 

Q4 - 07

OCT-DEC

0

$21,000

 

100%

 

 

 

 

Q3 - 07

JUL-SEP

2

$28,800

 

93%

5%

2%

 

 

Q2 - 07

APR-JUN

1

$27,200

 

91%

9%

 

 

 

Q1 - 07

JAN-MAR

2

$29,300

 

90%

9%

1%

 

 

Inquiries

 

 

  Summary of Inquiries

Business
Category

MAY08

APR08

MAR08

FEB08

JAN08

DEC07

NOV07

OCT07

SEP07

AIR TRANS

 

 

 

 

 

 

1

1

 

BANK

 

1

 

 

 

 

 

 

 

BUREAU

 

 

 

 

 

 

 

1

 

GENERAL

 

 

 

 

1

 

 

 

 

PERSCOMPTR

 

 

 

 

 

1

 

 

 

Totals

 

1

 

 

1

1

1

2

 

 

Company Background Information

 

 

  Additional Company Background Information

 

Operating Information

Primary SIC Code: DRUGS & PROPRIETARIES WHLSNG - 5122

Secondary SIC Code: PHARMACEUTICAL PREPARATIONS - 2834

Additional SIC Code: 2833


Number of Employees: 74

 

 

 

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