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10-K - INTERNATIONAL BALER CORPibal10k12513.htm
XML - IDEA: XBRL DOCUMENT - INTERNATIONAL BALER CORPR33.htm
EX-32.2 - CERTIFICATION - INTERNATIONAL BALER CORPex322.htm
EX-31.2 - I, WILLIAM E. NIELSEN, CERTIFY THAT: - INTERNATIONAL BALER CORPex312.htm
EX-32.1 - CERTIFICATION - INTERNATIONAL BALER CORPex321.htm
EX-31.1 - I, ROGER GRIFFIN, CERTIFY THAT: - INTERNATIONAL BALER CORPex311.htm
EXCEL - IDEA: XBRL DOCUMENT - INTERNATIONAL BALER CORPFinancial_Report.xls
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v2.4.0.6
Debt
12 Months Ended
Oct. 31, 2012
Debt Disclosure [Abstract]  
Debt

(6) Debt

The Company had a $1,000,000 line of credit agreement with CenterState Bank of Florida. The line of credit allowed the Company to borrow against the Company’s accounts receivable, inventory and property, plant and equipment. The line of credit would have accrued interest at the prime rate plus one-quarter percent with a floor of 4.0%. The line of credit had no outstanding balance at October 31, 2012 and October 31, 2011, and the unused line of credit was $1,000,000 at October 31, 2012. This line of credit was terminated in January 2013.