MIRA INFORM REPORT

 

 

Report Date :

15.05.2008

 

IDENTIFICATION DETAILS

 

Name :

KIDDE FENWAL INC

 

 

Registered Office :

400 Main St Ashland, MA 01721-2150

 

 

Country :

United States

 

 

Date of Incorporation :

12.06.1935

 

 

Com. Reg. No.:

700567446

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Environmental Controls

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

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 :

Slow by 18 days

 

 

Litigation :

Clear

 

 

 

 

 

 

 

Company Information

 

 

KIDDE FENWAL INC
400 MAIN ST
ASHLAND, MA 01721-2150
(508) 881-2000

Business Identification Number:

700567446

File Established:

PRIOR TO 01/1977

Date of Incorporation:

12/06/1935

SIC code: 

ENVIRONMENTAL CONTROLS - 3822

 

Executive Summary

 

 

  Intelliscore for KIDDE FENWAL INC

 

 

36.65

 

 

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
23% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

NUMBER OF DELINQUENT OR DEROGATORY ACCOUNTS

NUMBER OF TRADES WITH A HIGH BALANCE TO HIGH CREDIT RATIO

NUMBER OF DEROGATORY PUBLIC RECORD ACCOUNTS

BALANCES ON DELINQUENT OR DEROGATORY ACCOUNTS



  Current DBT range compared to all industries*

18 DBT
($127,500 Balance)

 

 

 

 

 

0-15

16-50

51+

80%

11%

9%

% of US businesses falling within DBT range

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

 

 

 

Legal Filings and Collections

Bankruptcy filings:

0

Tax lien filings: details (FILED 10/07-04/08)

4

Judgment filings:

0

Total collections: details (PLACED 07/04)

1

Sum of legal filings:

$3,230

UCC filings:

0

Cautionary UCC filings present?

No



Trade Information

Monthly average DBT:

8

Highest DBT previous 6 months:

18

Highest DBT previous 5 quarters:

18

Total continuous trades:

21

Current continuous trade balance:

$127,500

Trade balance of all trades (46):

$325,900

Average balance previous 5 quarters:

$121,300

Highest credit amount extended: details

$486,000

6 month balance range:

$91,100 - $201,600

* 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

 


4

 


10

 


9

 


9

 


9

 


10

 


18

 

0

Oct07

Nov07

Dec07

Jan08

Feb08

Mar08

Current

 

 

  Quarterly DBT trends (previous 5 quarters)

 

90+

60

30

 


13

 


17

 


11

 


7

 


9

 

0

 

1Q07

 

2Q07

 

3Q07

 

4Q07

 

1Q08

 

 

Performance Analysis

 

Predicted DBT for 07/09/2008: 12 DBT

Payment Trend Indication:
Show No Identifiable Trend

Industry payment comparison:
Has paid the same as similar firms

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

 

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Legal Filings and Collections

 

 

  Collections

Date
Placed

Status

Original
Balance

Outstanding
Balance

Date
Closed

Agency

Agency
Phone

07/2004

Open Account

$0

 

Undisclosed

 

 

NCO GROUP

(800) 735-6008

 

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  Tax Liens

File
Date

Filing
Type

Status

Amount

Filing
Number

Jurisdiction

04/08/2008

State Tax Lien

Released

$517

 

50855871

RICHLAND COUNTY CIRC

04/08/2008

State Tax Lien

Released

$326

 

50883130

RICHLAND COUNTY CIRC

04/08/2008

State Tax Lien

Released

$1,567

 

50884894

RICHLAND COUNTY CIRC

04/14/2008

State Tax Lien

Filed

$820

 

50912272

RICHLAND COUNTY CIRC

01/04/2008

State Tax Lien

Filed

$326

 

50883130

RICHLAND COUNTY CIRC

01/07/2008

State Tax Lien

Filed

$1,567

 

50884894

RICHLAND COUNTY CIRC

10/08/2007

State Tax Lien

Filed

$517

 

50855871

RICHLAND COUNTY CIRC

 

 

 

 

 

 

 

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

 

 

$100

$100

100%

 

 

 

 

CUST 5 YR

-AIR TRANS

03/2008

 

NET 30

 

$5,100

$1,600

68%

 

 

 

32%

CUST 28 YR

 COMPUTERS

04/2008

07/2003

CREDIT

 

 

$0

 

 

 

 

 

 

 CONTRL DEV

04/2008

 

NET 30

 

 

$0

 

 

 

 

 

 

 DP EQUIP

04/2008

 

NET 30

 

 

$0

 

 

 

 

 

 

-ELEC DISTR

04/2008

 

NET 30

 

$59,100

$4,000

 

 

96%

1%

3%

 

=ELEC EQUIP

04/2008

 

NET 45

 

$2,300

$600

 

100%

 

 

 

CUST 11 YR

 ELEC SUPLR

03/2008

10/2007

 

 

 

$0

 

 

 

 

 

 

+ELECTRONIC

04/2008

 

VARIED

 

$700

$200

100%

 

 

 

 

 

 EQUIPMENT

05/2008

 

NET 30

 

 

$0

 

 

 

 

 

CUST 11 YR

+FOOD DISTR

04/2008

04/2008

 

 

$10,400

$8,700

58%

41%

 

1%

 

CUST 4 YR

-FREIGHT

05/2008

04/2008

VARIED

 

$486,000

$41,300

60%

4%

22%

2%

12%

 

 FRGHT FWRD

04/2008

10/2004

NET 30

 

 

$0

 

 

 

 

 

 

=INDUS SUPL

04/2008

04/2008

NET 30

 

$31,800

$16,100

46%

47%

7%

 

 

CUST 4 YR

+IRON&STEEL

05/2008

 

NET 30

 

$53,500

$25,100

100%

 

 

 

 

 

 MACH DISTR

01/2008

09/2006

1/10N30

 

 

$0

 

 

 

 

 

CUST 1 YR

+MANUFCTRNG

04/2008*

04/2008

NET 30

 

$1,200

$1,200

100%

 

 

 

 

CUST 4 YR

+MANUFCTRNG

05/2008

04/2008

VARIED

 

$2,000

$2,000

100%

 

 

 

 

CUST 1 YR

+PACKAGING

04/2008

 

NET 30

 

$7,600

$500

100%

 

 

 

 

CUST 3 YR

 RUBBER

05/2008

04/2008

NET 30

 

$1,600

$0

 

 

 

 

 

 

 SAFTY PROD

03/2008

 

NET30

 

 

$0

 

 

 

 

 

CUST 2 YR

+TRANSPORTN

04/2008*

03/2008

NET 30

 

$100

$100

100%

 

 

 

 

PROMPT

-TRUCK DLR

05/2008

 

CONTRCT

 

$64,300

$27,300

65%

1%

6%

 

28%

 

 

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

21

 

 

$724,500

$127,500

66%

11%

12%

1%

10%

DBT: 18

Newly Reported

2

 

 

$1,300

$1,300

100%

 

 

 

 

DBT: 0

Trade Lines Totals

23

 

 

$725,800

$128,800

66%

11%

12%

1%

10%

DBT: 18

 

 

 

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

 ACCT SVCS

12/2007

09/2007

VARIED

 

$700

$0

 

 

 

 

 

 

 BLDG MATRL

10/2007

06/2006

VARIED

 

$3,300

$0

 

 

 

 

 

 

 BUS SERVCS

06/2006

05/2006

NET 30

 

 

$0

 

 

 

 

 

 

=CERAMICS

10/2007

 

NET 30

 

$2,800

$700

 

100%

 

 

 

 

 COMPUTERS

05/2005

 

CREDIT

 

 

$0

 

 

 

 

 

CUST 37 YR

 CONST MACH

09/2006

 

NET 30

 

$1,400

$0

 

 

 

 

 

CUST 6 YR

 DISPOSAL

02/2008

 

NET 30

 

$1,800

$0

 

 

 

 

 

 

 ELEC DISTR

11/2005

09/2005

NET 30

 

$400

$0

 

 

 

 

 

 

 ELEC EQUIP

10/2006

 

NET 45

 

 

$0

 

 

 

 

 

 

+ELECTRONIC

12/2006

 

NET 30

 

$258,900

$41,200

75%

25%

 

 

 

 

=FRGHT FWRD

01/2006

 

NET 30

 

$80,500

$38,600

36%

56%

1%

3%

4%

 

 HOUSEWARES

04/2006

 

VARIED

 

 

$0

 

 

 

 

 

 

 INDUS SUPL

05/2005

 

NET 30

 

 

$0

 

 

 

 

 

CUST 5 YR

 METAL DIST

03/2007

10/1999

VARIED

 

 

$0

 

 

 

 

 

CUST 19 YR

-MISC MANUF

04/2007

04/2007

VARIED

 

$93,900

$64,000

15%

81%

 

 

4%

 

=MISC MANUF

08/2006

 

VARIED

 

$179,900

$51,900

50%

50%

 

 

 

 

 MOTR TRANS

12/2005

09/2005

NET 30

 

$12,300

$0

 

 

 

 

 

 

-OFFC SUPPL

06/2007

06/2007

NET

 

$3,600

$400

 

100%

 

 

 

CUST 3 YR

-PLUMBING

11/2007

09/2007

NET 10

 

$1,000

$300

2%

2%

96%

 

 

 

 ROOF CONTR

10/2007

 

NET 30

 

 

$0

 

 

 

 

 

 

 SAFTY PROD

11/2007

10/2007

NET 30

 

$300

$0

 

 

 

 

 

CUST 5 YR

 TELECOM

08/2006

07/2006

NET 30

 

$200

$0

 

 

 

 

 

CUST 13 YR

 TELECOM

07/2007

 

VARIED

 

 

$0

 

 

 

 

 

 

 

Monthly Payment Trends

 

 

Payment Trends Analysis
ENVIRONMENTAL CONTROLS INDUSTRY SIC: 3822

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

18

$127,500

 

66%

11%

12%

1%

10%

MAR08

74%

7

10

$134,100

 

72%

16%

8%

2%

2%

FEB08

74%

8

9

$108,800

 

69%

25%

2%

1%

3%

JAN08

74%

8

9

$201,600

 

63%

29%

6%

1%

1%

DEC07

73%

8

9

$158,000

 

71%

22%

2%

3%

2%

NOV07

75%

9

10

$117,800

 

66%

25%

2%

6%

1%

OCT07

73%

10

4

$91,100

 

87%

10%

1%

1%

1%

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

9

$148,200

 

67%

24%

6%

1%

2%

Q4 - 07

OCT-DEC

7

$122,300

 

74%

20%

2%

3%

1%

Q3 - 07

JUL-SEP

11

$120,500

 

59%

29%

9%

1%

2%

Q2 - 07

APR-JUN

17

$95,900

 

60%

22%

2%

13%

3%

Q1 - 07

JAN-MAR

13

$119,600

 

50%

37%

9%

2%

2%

 

Inquiries

 

 

  Summary of Inquiries

Business
Category

MAY08

APR08

MAR08

FEB08

JAN08

DEC07

NOV07

OCT07

SEP07

COMMUN SVC

 

 

 

 

 

 

 

 

1

EQUIPMENT

 

 

 

 

 

 

1

 

 

GENERAL

 

 

1

 

 

 

 

1

 

METL FNSHG

 

 

 

 

 

 

1

 

 

PLASTICS

 

 

1

 

 

 

 

 

 

PLUMBING

 

 

 

 

 

 

 

 

1

Totals

 

 

2

 

 

 

2

1

2

 

Company Background Information

 

 

  Corporate Registration

 

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF MASSACHUSETTS

State of Origin: MA

Date of Incorporation: 12/06/1935

Current Status: Inactive


Business Type: Institutions - Profit

Charter Number: 041307555

 

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  Additional Company Background Information

 

Key Personnel

Principal(s): 

PAUL COUSINEAU, VICE PRESI

 

DAVID GRANDAW, REGIONAL M

 

KEN MERCER, PLANT MANA


Operating Information

Business Type: Institutions


Primary SIC Code: ENVIRONMENTAL CONTROLS - 3822

Secondary SIC Code: PROCESS CONTROL INSTRUMENTS - 3823

Additional SIC Code: 5999 - 3613


Number of Employees: 550

Sales: $80,000,000

 

 

 

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