MIRA
INFORM REPORT
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Report Date : |
30.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
GREAT HIMALAYAN TRADERS PVT. LTD |
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Registered Office : |
Dillibazar, Kathmandu |
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Country : |
Nepal |
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Financials (as on) : |
15.07.2007 |
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Date of Incorporation : |
07.06.1998 |
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Com. Reg. No.: |
39563/46/48 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Immediate Cash Payment |
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 |
name & address
GREAT HIMALAYAN TRADERS PVT. LTD.
Dillibazar, Kathmandu (Nepal)
Telephone : 977-1-4414403 / 4422654
Type of Concern
Pvt. Ltd.
Incorporation No.
39563/46/48
Incorporation Date
7th June, 1998
Legal Status
Pvt. Ltd.
Name of Directors
N. M. Dixit
S. N. Dixit
R. Shresta
B. Rajbhandari
Auditors
Karki & Co., Kathmandu, Nepal
Staff
20
Bankers
Nepal Bank Limited, Kathmandu, Nepal
Sunrise Bank Limited, Kathmandu, Nepal
Business
Immediate cash payment to the "receivers" from convenient
location/ paying counters.
We have paying counters covering major market centers and cities of
Nepal. these centers are located close to the home stead at the remittance
receives.
· Arrange to deposits total and /or portion of the "send
money" as instructed by the "sender" in bank account..
We have established working relationship with private sector commercial
banks and finance companies who are willing and able to open bank account as
per the instruction at the remittance sender. the facility enable the sender
not only to send money though banking channel but also deposit hard earned
money in interest bearing account for future use.
· Home payment to elderly, sick and disable receivers.
Our agents / paying counters are committed to pay the remitted amount
right at home of the receivers who are unable to come in persons in the
counter.
· Arrange credit facilities to pay fees and travel expenses to the
workers.
Our bankers are also willing to extend credit facilities to the foreign
bound workers to pay fees to the agents for meeting agents commission and
travel expenses.
· Facilitate to access personal loan by the remitter family members.
Samsara through its bankers aim to arrange personal loan to the family
members of the workers in easy terms and conditions.
Business Partners
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FINANCIAL
BALANCE
SHEET AS AT 15TH JULY, 2007
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LIABILATIES |
NEP.
RS. |
ASSETS |
NEP.
RS. |
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AUTHORISED CAPITAL Paid up Capital Reserve & Surplus Long term Loans Deventure Loans & Advance Sundry Creditors Misc. Curr.Live. & Prov. __________________________ Total Nepal
Rupees |
4,00,000,000 250,000,000 87,585,000 235,963,000 67,600,300 323,584,000 265,247,000 372,285,000 ____________ 1602,264,000 |
Fixed Assets Cash at Bank Sundry Debtors Misc. Curr. Assets Inventory Intengeble Assets __________________ Total Nepal
Rupees |
687,346,000 97,974,000 376,557,000 85,867,000 330,913,000 23,607,000 ___________ 1602,264,000 |
Income --- Nepal Rupees 4,507,294,000/-
2007
Remarks : Well reputed concern in Nepal, payments are reported correct
& regular. Business may be done at usual trade terms & condition.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.95 |
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UK Pound |
1 |
Rs.85.62 |
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Euro |
1 |
Rs.67.81 |
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%)