MIRA INFORM REPORT

 

 

 

Report Date :

20.06.2011

 

IDENTIFICATION DETAILS

 

Name :

SAGAR ENTERPRISES

 

 

Registered Office :

Bijeshwori, P.O. Box : 8145, ktm Kathmandu

 

 

Country :

Nepal

 

 

Financials (as on) :

31.03.2011

 

 

Year of Establishment :

1996

 

 

Legal Form :

Proprietorship Concern

 

 

Line of Business :

Trader and exporter of Handicraft, Jewellery and Garments

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Unknown

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Nepal

b1

b1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Information PARTED BY

 

Name :                             Mr. Sagar Mansingh

Designation :                   Proprietor

Contact No.:                     + 977--9841238832

Date:                                 20.06.2011

 

 

Company name

 

Sagar Enterprises

 

 

company Address

 

Bijeshwori

P.O. Box : 8145, ktm

City : Kathmandu

Country : Nepal

Phone :             00977-1-4352837

Fax :                 00977-1-4425363

Mobile No:         + 977--9841238832 (Mr. Sagar Mahsingh)

Area:                1000 Sq. ft

Location:           Owned

Email :              sksg@ntc.net.np, sagarmansinghs@hotmail.com

 

 

Years Established             

 

1996

 

 

Type of Concern      

           

Proprietorship

 

 

Name of the Proprietor              

 

Mr. Sagar Mansingh

Age:                 43 years

Qualification :    Graduate

 

 

Auditors

 

Not Available

 

 

Bankers

                                   

Bank of Kathmandu, New Road Branch, Katmandu

 

 

Business               

 

Trader and exporter of Handicraft, Jewellery and Garments

 

 

Exporters

 

Product                         Handicraft

Country                         USA, Australia, Germany

 

 

Trading terms

 

Purchasing                    Cash, Credit (30 - 45 days)

Selling                          Advance                                   

 

 

Customer

 

·         Wholesalers

 

 

No. of Employees

 

4

 

 

Financial

 

Sales 2010        -           12,000 USD

Sales 2011        -           15,000 USD

 

Trade references

 

·         Silver Nepal, Nepal

Raju Handicrafts, Nepal

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.93

UK Pound

1

Rs.72.43

Euro

1

Rs.63.62

 

 

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

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

--

NB

                                       New Business

 

--

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.