MIRA
INFORM REPORT
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Report Date : |
17.11.2008 |
IDENTIFICATION DETAILS
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Name : |
VISHAL GROUP |
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Registered Office : |
P. O. Box: |
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Country : |
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Date of Incorporation : |
05.07.1974 |
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Legal Form : |
Group Concern |
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Line of Business : |
Miscellaneous Services |
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 : |
Usually Correct |
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Litigation : |
Clear |
The COMMERCIAL CENTER
Headquaters:
P. O. Box:
Tel: 526708, 526997, Fax: +977-21-525542
E-mail:vishal_brt@wlink.com.np
URL:www.vishalgroup.com
Corporate Office:
P. O. Box: 3127, Kha
1/304 Khichapokhari,
Tel: 4241572, 4221312, Fax: +977-1-4226013, 4248688
E-mail: global@wlink.com.np
Network
Golden Battery
Ind. Pvt. Ltd.
Tankisinwari,
Phone: +977-21-526708
Fax: +977-21-524375
E-mail: vishal_brt@wlink.com.np
United Telecom
Limited
Triveni Complex, Putalisadak,
Phone: 2222222 Fax: 4219498
E-Mail: info@utlnepal.com
Web Site: http://www.utlnepal.com
Life Insurance
Corporation (
G. P. O. Box: 21905,
Phone: +977-1-4229688, Fax: 4229689
E -mail: lic@licnepal.com
International
Trade Division
Kha 1/304, Khichapokhari
G. P. O. Box 3127,
Phone: +977-1-4221312, 4220963
Fax: +977-1-4226013, 4248688
E-mail: global@wlink.com.np
Kamala Rolling
Mills Pvt. Ltd.
Tankisinwari,
Phone: +977-21-526708
Fax: +977-21-524375
E -mail: vishal_brt@wlink.com.np
Mainawati
Steel Ind. Pvt. Ltd.
Sonapur, Duhabi-3,
Phone: +977-25-540404
Fax: +977-25-540504
E-mail: msi_brt@wlink.com.np
Prudential
Insurance Co. Ltd.
P. O. Box: 15123, Triveni Complex (2nd Floor)
Putalisadak,
Phone: +977-1-4256704 Fax: 4219529
E -mail: prudential@wlink.com.np
Nepal
Industrial & Commercial Bank Ltd.
P. O. Box: 7367,
Phone: +977-1-4227305
Fax: +977-1-4227507
E-mail: newroad@nicbank.com.np
Nepal Merchant
Banking & Finance Ltd.
Durbar Marg,
Phone: +977-1-4246160
Fax: +977-1-4246156
E -mail: nmb@mos.com.np
R . G.
Products Ltd.
P. O. Box 103
Main Road, Biratnagar, Nepal
Phone: 977-21-526684, Fax: 526779
E-mail: vishal_brt@wlink.com.np
Year Established
05.07.1974
Legal Status
Group Concern
Name of Directors
J.P Agrawal
[Chairman ]
T.C Agrawal
[Vice-Chairman]
T.R Agrawal
[Vice-Chairman]
Ashok Agrawal
[Managing Director]
Anuj Agrawal
[ Director]
Vishal Agrawal
[ Director]
Nikunj Agrawal
[ Director]
Major Shareholders
Directors and relatives holds all shares
Auditors
S. Shrestha and Associates, New Road, Kathmandu
Staff
Mention details in Business.
Bankers
Bank of Kathmandu, Nepal
Nepal Bank Ltd., Kathmandu, Nepal
Nepal Gryenlez Bank Ltd., Kathmandu, Nepal
Standdared Chattered Bank, Kathmandu, Nepal
Himalayan Bank Limited, Kathmandu, Nepal
Business
Vishal Group's activities and business
interests are always guided by its commitment to 'deliver the best'. In its
endeavor to stride ahead through delivery of the highest standards, the Group
has left no stone unturned. Vishal Group believes that growth is only possible
when it works in the right perspective with the right approach, and in the
interest and satisfaction of its customers and clients. No doubt, Vishal Group
today is recognized as one of the leading business houses in the country and is
a blue chip company; testimony to which is a number of awards and
certifications that it has successfully bagged. Apart from many of its units
and products certified to be of international standards, the Group has been
honored on a number of occasions.
In particular, the coveted 'NS Quality Award 2002' given
away to Mainawati Steel Ind. Pvt. Ltd., the first industrial unit to obtain
'ISO 9002' certification under the cables segment, and 'Commercially Important
Person 2002' recognition conferred to Nepal Industrial and Commercial Bank are
of immense pride to Vishal Group.
Some Clients are :-
· Kamala Rolling Mills Pvt. Ltd.
·
Mainawati Steel Ind.
Pvt. Ltd.
· Golden Battery Ind. Pvt. Ltd.
·
R. G. Products Pvt.
Ltd.
· Industrial Trading
· FMCG Distribution
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Stock Lot / Surplus
Trading
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LIC (Nepal)
Ltd.
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Prudential Insurance
Co. Ltd.
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United Telecom
Limited (UTL)
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Mahanagar Telephone
Nigam Limited (MTNL)
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Telecommunications
consultants India Ltd. (TCIL)
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Videsh Sanchar Nigam
Ltd. (VSNL)
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Nepal Ventures
Private Limited (NVPL)
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Delhi Public School
Society (DPS)
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Dental College &
Research Centre
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NIC Bank Ltd.
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Nepal Merchant
Banking
·
R.G. Plantations
(Nepal) Pvt. Ltd.
Nepal Plantations Pvt. Ltd.
·
Subidha Distributors
·
Gordhandass
Kamalawati Paropkari Pratisthan (Charitable Trust)
· Agrasen Bhawan, Dharan
Premises
Owned. Total area – Three acres
Import
Japan, U.S.A., U.K., Holland, Germany, India.
Finance
Group Capital :- Nepal Rupees 85 Cores.
Average Yearly Turnover : Nepal Rupees 250 Cores.
Remarks
Trading Terms – Purchase - L/C – 30 days ; Credit – 30 days
Sales - L/C – 30 days ; Credit – 30 days
WEBSITE DETAILS:-
The concern today
is a solidly established business house with a broad range of products and
services that has built up an enviable record of performance and reliability. In
the last five decades of operation, the Group has scaled new heights,
overcoming stiff competition time and again. Strategic vision, combined with
the business acumen of the management has placed subject among the top names of
the country. Over 3000 employees of the Group are committed to the core values
of the Group, and are committed to excellence in all areas of the Group's
activities. The Group concentrates on satisfying the needs and requests of
customers. It is in the policy of the Group to manufacture goods and provide
services that meet, or even surpass, the requirements and expectations of
customers.
It is for this reason that the Group enjoys an impeccable
reputation for outstanding quality, reliability and customer services. The
Group has a sound financial base that can be attested by all the major banks of
the country. With its financial strength and current business interests, the
Group is well poised for tremendous growth in the years ahead. The Group today
encompasses business in various operating segments that oversee a wide range of
products and services. Each of subject’s businesses has been meticulously
designed so as to form one single integrated whole.
The different
operating segments are:
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Iron and Steel
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Consumer Goods
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International Trade
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Insurance
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Telecom
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Agro Sector
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Education
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Banking
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.74 |
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UK Pound |
1 |
Rs.74.37 |
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Euro |
1 |
Rs.62.78 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED ` 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%)