MIRA INFORM REPORT
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Report Date : |
22nd May 2006 |
IDENTIFICATION DETAILS
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Name : |
NEPAL INSTITUTE OF MARINE
TECHNOLOGY |
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Registered Office : |
NAYABATO, THADO DUNGA (Near Dhobighat) Ring Road, Lalitpur NEPAL |
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Date of Incorporation : |
06.12.2003 |
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Line of Business : |
Institute
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RATING & COMMENTS
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MIRA’s Rating : |
Ba |
RATING
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STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
NAME & ADDRESS
NEPAL INSTITUTE OF MARINE TECHNOLOGY
NAYABATO, THADO DUNGA
(Near Dhobighat)
Ring Road, Lalitpur
NEPAL
Telephones : 977-1-55111/977-1-552222;
Fax:977-1530561;
Email – info@nepalmaritime.com
Date of Establishment
06.12.2003
Type of Concern
Marine Institute
Name of Organisers (Board of Directors)
(1) Capt. Om Prakash Lal (Hon. Chairman)
(2) Bhaskaran Komalan (M.D.)
(3) T.R. Sajeevan
(4) Rudra Thapa
(5) B. N.Shrestha
Auditors
Sundar & Co.
Phulchowk , Lalitpur
Nepal
Tel. – 521 804
Bankers
- Nepal SBI Bank Ltd., Khathmandu, Nepal
- Nepal Bank Ltd., Dharmapath, Kathmandu, Nepal
Location – Operation
The concern is located to operate from the address mentioned at the top which is their owned having large area measuring 1 & a half acres. There are total number of staff at the moment is 65 or more. Total no. of students – 600. They are keeping abreast with the fast changing shape of the Shipping Industry and staying abreast latest advances in technology as well as to include a high degree in shipping training of 16 to 18 weeks. Well planned and moderate hostel accommodation. Certificates are awarded after completion of the training. Shares are held by Directors, Educational Institutions and Nepal Univeristy.
Financial
Authorised Capital : Nu Rs.20,000,000/-
Paid-up Capital : Nu Rs.10,000,000/-
No financial Balance Sheet is available at the moment.
Remarks
Directors are well educated and resourceful and active. Business may be on 30 days L/C basis.
RATING EXPLANATIONS
RATING
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STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely
sound financial base with the strongest capability for timely payment of
interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk
exists. Caution needed to be exercised |
Credit not recommended |