MIRA INFORM REPORT

 

 

Report Date :

18.03.2008

 

 

IDENTIFICATION DETAILS

 

Name :

SAGAR STAR CORP

 

 

Registered Office :

15 W 47th St Ste 800a New York, NY 10036-3305

 

 

Country :

United States

 

 

Date of Incorporation :

09/1995  

 

 

Com. Reg. No.:

706715341

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Motion Picture Thtrs

 

 

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 :

Regular

 

 

Litigation :

Clear

 

 

 

 

 

 

 

 

 

 

Company Information

 

 

SAGAR STAR CORP
15 W 47TH ST STE 800A
NEW YORK, NY 10036-3305
(212) 730-7161

Business Identification Number:

706715341

File Established:

09/1995

SIC code: 

MOTION PICTURE THTRS, EXC DRIVE-I - 7832

 

Executive Summary

 

 

  Intelliscore for SAGAR STAR CORP

 

 

69.88

 

 

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 RISK
64% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

PRESENCE OF AN INCONSISTENT PAYMENT TREND

NUMBER OF CURRENT ACCOUNTS

FEW, IF ANY, DELINQUENT ACCOUNTS

SMALL, IF ANY, RATIO OF BAD ACCOUNTS TO TOTAL ACCOUNTS



  Current DBT range compared to all industries*

0 DBT
($400 Balance)

 

 

 

 

 

 

0-15

16-50

51+

80%

11%

9%

% of US businesses falling within DBT range

DBT Norms:
All industries: 8 DBT        Same industry: 3 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:

0

Highest DBT previous 5 quarters:

57

Total continuous trades:

3

Current continuous trade balance:

$400

Trade balance of all trades (3):

$400

Average balance previous 5 quarters:

$440

Highest credit amount extended: details

$1,300

6 month balance range:

$400 - $1,300

* 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

 


0

 


0

 


0

 

0

Aug07

Sep07

Oct07

Nov07

Dec07

Jan08

Current

 

 

  Quarterly DBT trends (previous 5 quarters)

 

90+

60

30

 


54

 


57

 


0

 


0

 


0

 

0

 

4Q06

 

1Q07

 

2Q07

 

3Q07

 

4Q07

 

 

Performance Analysis

 

Predicted DBT for 04/16/2008: 1 DBT

Payment Trend Indication:
Show No Identifiable Trend

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

12/2007

 

 

 

$1,300

$400

100%

 

 

 

 

CUST 17 YR

 AIR TRANS

01/2008

 

NET 30

 

 

$0

 

 

 

 

 

CUST 2 YR

 OFFC SUPPL

02/2008

11/2002

CREDIT

 

 

$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

3

 

 

$1,300

$400

100%

 

 

 

 

DBT: 0

Newly Reported

0

 

 

 

 

 

 

 

 

 

DBT:  

Trade Lines Totals

3

 

 

$1,300

$400

100%

 

 

 

 

DBT: 0

Monthly Payment Trends

 

 

Payment Trends Analysis
MOTION PICTURE THTRS, EXC DRIVE-I INDUSTRY SIC: 7832

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

0

$400

 

100%

 

 

 

 

JAN08

92%

3

0

$400

 

100%

 

 

 

 

DEC07

91%

3

0

$400

 

100%

 

 

 

 

NOV07

93%

3

0

$1,300

 

100%

 

 

 

 

OCT07

92%

2

0

$500

 

100%

 

 

 

 

SEP07

89%

6

0

$600

 

100%

 

 

 

 

AUG07

90%

5

0

$400

 

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+

Q4 - 07

OCT-DEC

0

$700

 

100%

 

 

 

 

Q3 - 07

JUL-SEP

0

$500

 

100%

 

 

 

 

Q2 - 07

APR-JUN

0

$600

 

100%

 

 

 

 

Q1 - 07

JAN-MAR

57

$100

 

46%

 

 

 

54%

Q4 - 06

OCT-DEC

54

$300

 

1%

53%

 

16%

32%

 

Company Background Information

 

 

  Additional Company Background Information

 

Key Personnel

Principal(s): 

PAITI GHANDI, PRESIDENT


Operating Information

Primary SIC Code: MOTION PICTURE THTRS, EXC DRIVE-I - 7832

Secondary SIC Code: JEWELRY & PRECIOUS STONES WHLSNG - 5094


Number of Employees: 7

 

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