Backup all Databases on SQL Server with Timestamps

gistfile1.sql

SET NOCOUNT ON;

DECLARE 
      @FileName NVARCHAR(1024)
    , @DBName NVARCHAR(256)
    , @PathName NVARCHAR(256)
    , @Message NVARCHAR(2048)
    , @IsCompressed BIT

SELECT 
      @PathName = 'D:\BACKUP\'
    , @IsCompressed = 1 

DECLARE db CURSOR LOCAL READ_ONLY FAST_FORWARD FOR  
    SELECT
          sd.name
        , file_path = @PathName + FileDate + '_' + name + '.bak'
    FROM sys.databases sd
    CROSS JOIN (
        SELECT FileDate = 'ABCD_' + REPLACE(CONVERT(VARCHAR(10), GETDATE(), 103), '/', '_')
    ) fd
    WHERE sd.state_desc != 'OFFLINE'
        AND sd.name NOT IN ('master', 'model', 'msdb', 'tempdb')
    ORDER BY sd.name 

OPEN db

FETCH NEXT FROM db INTO 
      @DBName
    , @FileName  

WHILE @@FETCH_STATUS = 0 BEGIN 

    DECLARE @SQL NVARCHAR(MAX)

    SELECT @Message = REPLICATE('-', 80) + CHAR(13) + CONVERT(VARCHAR(20), GETDATE(), 120) + N': ' + @DBName
    RAISERROR (@Message, 0, 1) WITH NOWAIT

    SELECT @SQL = 
    'BACKUP DATABASE [' + @DBName + ']
    TO DISK = N''' + @FileName + '''
    WITH FORMAT, ' + CASE WHEN @IsCompressed = 1 THEN N'COMPRESSION, ' ELSE '' END + N'INIT, STATS = 15;' 

    EXEC sys.sp_executesql @SQL

    FETCH NEXT FROM db INTO 
          @DBName
        , @FileName 

END   

CLOSE db   
DEALLOCATE db