MIRA INFORM REPORT

 

 

Report Date :

12.12.2008

 

IDENTIFICATION DETAILS

 

Name :

KAPIL  VASTU  GLASS  FIBER  INDUSTRIES

 

 

Registered Office :

Butwal Industrial District, Ramnagar, Butwal – 700 012

 

 

Country :

Nepal

 

 

Date of Incorporation :

07.08.1999

 

 

Legal Form :

Partnership

 

 

Line of Business :

Manufacturer of fiberglass moulded products, furniture products, chemical tanks and treatment plants, parts dyes, cases and decoratives, trancculent sheets etc

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Concern

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

name & address

 

KAPIL  VASTU  GLASS  FIBER  INDUSTRIES
Butwal Industrial District,

Ramnagar,

Butwal – 700 012

Nepal


PHONE : + 977-71-546339 / 543168

FAX      : + 977-71-545710

E-MAIL : arti_btw@wlink.com.np

 

Kathmandu Office        :           Baneswar. P.O. – Box 2373, Kathmandu, Nepal.

 

Phone  :            977-1-4780376 / 4782086

Fax      :            977-1-4243228

 

 

 

Year Established

 

07.08.1999

 

 

Type of Concern 

 

Partnership

 

 

Name of Proprietor

 

Sl.No.

Name

Experience

1.

2.

3.

P. Poddar

K. Shrestha

B. Shrestha

52 years

49 years

47 years

 

 

Major Shareholders    

 

Sl.No.

Name

1.

2.

3.

P. Poddar

K. Shrestha

B. Shrestha

 

Auditors         

 

Anil Associates

Kathmandu

Nepal

 

 

Staff          

 

60

                                               

 

Bankers     

 

Everest Bank Ltd., Kathmandu & Butwal

Nepal Bank Ltd., Kathmandu & Butwal

 

 

Business    

 

They are Manufacturer of fiberglass moulded products, furniture products,

chemical tanks and treatment plants, parts dyes, cases and decoratives, trancculent sheets etc.

 

 

Associates Concern

 

1.         Anil & Associates, Kathmandu

Anuradha Enterprise, Kathmandu

Ganapati Rasin & Tarpontise Industries P. Ltd., Butwal

Paxidas fiver Industries Pnt. Ltd., Katmandu

 

Trade Terms With          :           China, Germany, U.K., France

 

 

Local Parties      

 

Hospitals, Hotels, Clubs, Airport, etc.

 

 

Financial        

 

Capital – Rs. 2.25 Cores

 

Sales    -  Rs. 7.65  Cores (2008)

 

 

Remarks     

 

Trading Terms –

 

Purchase          -           30 days credit

                                                                                   

Sales                -           30 days credit

                                                                                   

 

Report        

 

Well established respectable & well reputed business may be done at usual trade terms & condition.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.57

UK Pound

1

Rs.72.85

Euro

1

Rs.64.70

 

 

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