MIRA INFORM REPORT

Report Date :

IDENTIFICATION DETAILS

Name :	VAISHALI ENTERPIRSES

Registered Office :	P.O. Box – 206, Thamel, Kathmandu

Country :	Nepal

Financials (as on) :	2006

Date of Incorporation :	23.07.2002

Legal Form :	Partnership

Line of Business :	Importers of electrical goods, electronic goods and agricultural equipments

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

Payment Behaviour :	Usually Correct

Litigation :	Clear

NAME & ADDRESS

VAISHALI ENTERPIRSES

P.O. BOX – 206

THAMEL, KATHMANDU

NEPAL

Telephones : 977 1 413968

Fax : 977 1 414516

Type of Concern

Partnership

Year Established

23.07.2002

Partners

J. P. Agarwal

A. K Agarwal

Bankers

1. Nepal Bank Ltd., Kathmandu (Nepal)

2. Standard Chartered Bank Ltd., Kathmandu (Nepal)

Shareholders

Partners are holding all the shares.

Auditors

M/s B. R. S. & Co., Putli Sadak, Kathmandu, Nepal

Business

The concern is located to operate from the address mentioned at the top which is owned. There are 10 staff at the moment. They are importers of electrical goods, electronic goods and agricultural equipments. They are exporters of Nepalese handicrafts, jewelleries etc.

Trade Terms With

Japan, China, UK, USA

Financial

Present Working Capital : Nep Rs.57 lakhs

Sales : 2005 - Nep Rs.2.56 crores

2006 – Nep Rs.2.81 crores

Remarks

Well established, respectable and reputed concern. Payments are reported to be correct and regular as per

commitments. Trade relations are fair. Good for normal business engagements.

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/normal.	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