MIRA INFORM REPORT

 

 

Report Date :

01.03.2008

 

 

IDENTIFICATION DETAILS

 

Name :

KHATRY AND CO. PVT. LTD.

 

 

Registered Office :

P.O. Box -12964, Bansbari, Shallaghari, Ward No.- 3, Kathmandu

 

 

Country :

Nepal

 

 

Financials (as on) :

2006

 

 

Date of Incorporation :

23.03.1956

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Selling Chemical Products

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

 

name & address

 

KHATRY AND CO. PVT. LTD.

P.O. BOX-12964

BANSBARI, SHALLAGHARI, Ward No.- 3                                               

KATHMANDU (NEPAL)                                                                         

                                                                                                           

Telephones : 977-1-4373398/ 4379135/ 220052                                        

Email : khatry@wilk.com.np

Fax: 977-1-4371611                  

Mobile:977-1-9841326980

 

Factory: Gaidakot, Newalparasi,

Lumbini, Nepal.

Fax: 977-56-23566

Ph:- 977-56-20680/ 122077

 

 

History

 

It is a private limited company incorporated at Kathmandu under His Majesty  Govt. Act No.16791 of 23-03-1956.

 

 

Directors

 

1.Gagan Raj Khatry, Chairman   

2.  R.P. Khatry 

3. S.K. Shrestha

4. B.R. Khatry                          

 

 

Bankers     

 

1.         Nepal Grindlays Bank, Kathmandu (Nepal)

2.         Nepal Bank Ltd., Kathmandu (Nepal)

 

 

Auditors

 

M/s S K Poudiyal & Co., Kathmandu (Nepal)

 

 

Business

 

The concern is located to operate from the address mentioned at the top which is own. There are 45 staff at the moment.  They are engaged selling chemical products developed to the concrete construction industry, products include relies agent carrying compound, concrete sealers, industrial cleaners, concrete coating removers, etc.

 

 

 

 

 

Group Concern

 

AHG International, Khatry consultancy (P) Ltd., Khetry Traders (P) Ltd., Khetry Livestock, Khetry Industries, AURAIR Nepal (P) Ltd.

 

 

Trade Terms

 

USA, UK, Germany

 

 

Financial

                                               

BALANCE SHEET AS AT 15th , 2006

LIABILITIES

NEP. RUPEES

ASSETS

NEP. RUPEES

Authorised Capital

4,00,00,000

Fixed Assets

3,88,18,477

Paid up Capital

2,32,00,000

Cap. Work in Progress

55,65,600

Reserve & Surplus

19,99,44,230

Inventories

17,68,05,205

Secured Loans

35,84,85,882

Sundry Debtors

36,87,20,860

Deferred Tax

27,11,080

Cash & Bank

7,05,60,983

Current Liabilities & Provisions

14,61,63,844

Loans & Advances

7,00,33,911

Total Nep. Rs.

73,05,05,036

Total Nep. Rs.

73,05,05,036

 

Sales                            :           Nep Rs.196,87,89,762/-

Profit this year               :           Nep Rs.   23,21,14,12/-

 

 

Remarks

 

Well established, respectable and reputed concern. Payments are reported to be correct and regular as per commitments.  Trade relations are fair. Consider good for normal business engagement at usual trade terms & conditions.

 

 

 

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