MIRA
INFORM REPORT
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Report Date : |
14.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
RAYBOT SPRINGS MINERALS WATER PVT. LTD. |
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Registered Office : |
Kha 1/73 Gyan Chambers, University Road, Kalimati, Kathmandu,. |
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Country : |
Nepal |
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Financials (as on) : |
2006 |
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Date of Incorporation : |
06-08-1996 |
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Com. Reg. No.: |
39261 at Kathmandu |
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Legal Form : |
Private Limited |
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Line of Business : |
Manufacturers, Maerketings, Appoint Distributors and
Exporting of Thirsty-Pi Mineral Water |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
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 : |
No Complaints |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
RAYBOT SPRINGS MINERALS WATER PVT. LTD.
Kha 1/73 Gyan Chambers
University Road, Kalimati
Kathmandu
NEPAL.
Telephone No. :
977-1-4279428/ 4279431
Fax :
977-1-4272710
Email :
raybot@ccsl.com.np
Branch. Office :
Channakhel, Ward No. 9
Kathmandu, Nepal.
Telephone No. :
977-1-4331511/ 4331510
Year Established
06-08-1996
Incorporation. No
39261 at Kathmandu
Legal Status
Private Limited
Name of Directors
Sl.No. Name Qualification
1. Gautam Bania (Chairman) B.Sc.
2. Kirti Bania (MD) B.Sc.
3. R. Bania B.Com.
Major Shareholders
Director and his relatives hold all shares.
Auditors
R. Bhandari & Co.
New Road
Kathmandu.
Staff
110 nos.
Bankers
Nepal Grindlays Bank Limited
Kathmandu
Nepal
Rastriya Banijya Bank Ltd.
Kathmandu
Nepal
Business
Manufacturers, Maerketings, Appoint Distributors and Exporting of Thirsty-Pi
Mineral Water
Premises
Office and factory is their owned.
Total area – 1400 Sq.Mt.
Exports
USA, Europe
Finance
AUTHORISED CAPITAL : 500000 Equity
Nep.Rs.10/- each = 5000000.
PAID UP CAPITAL :
300000 Equity Nep. Rs.10/- each = 3000000
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FINANCIAL:
BALANCE SHEET AS AT 15TH JULY MARCH 2006 |
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LIABILITIES |
NEP. RUPEES |
ASSETS |
NEP. RUPEES |
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AUTHORISED CAPITAL |
50,00,000 |
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Paid up Capital |
30,00,000 |
Fixed Assets |
65,75,000 |
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Reserve & Surplus |
75,25,000 |
Investments |
15,30,000 |
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Secured Loans |
55,35,000 |
Stock in Trade |
25,15,000 |
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Unsecured Loans |
45,18,000 |
Cash at Bank |
45,18,000 |
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Curr. Liab. & Prov. |
95,48,000 |
Sundry Debtors |
58,35,000 |
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Loans & Advance |
60,30,000 |
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Misc. Assets |
31,23,000 |
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TOTAL Nep. Rs. |
301,26,000 |
TOTAL Nep. Rs. |
301,26,000 |
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SALES:- Nep. Rs. 85,362,000/-
2006 |
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Remarks
Trading Terms – Purchase - L/C
– 30 days ; Credit – 30 days
Sales - L/C – 30 days
; Credit – 30 days
Well established respectable payments are reported to be correct and
regular as per commitments.
RATING
EXPLANATIONS
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RATING |
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. |
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 |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)