MIRA INFORM REPORT

 

 

Report Date :           

14.12.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

NEW GAJURMUKHI, AUTO CENTRE 

 

 

Registered Office :

Main Road, Damak-13 Jhapa, Mechi Eastern

 

 

Country :

Nepal

 

 

Financials (as on) :

2011

 

 

Year of Establishment :

1996

 

 

Legal Form :

Proprietorship Concern

 

 

Line of Business :

Dealer of Automobile part of bike and tractor

 

 

No. of Employees :

8 persons

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

No Complaints

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Nepal

b1

b1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address 

 

New Gajurmukhi, Auto Centre

Main Road, Damak-13 Jhapa, Mechi Eastern, Nepal

Phone               :           (0977)  25528179

Email                :           gajurmukhi@yahoo.com  

 

 

Company summary

 

Years Established                      :           1996

 

Type of Concern             :           Proprietorship

 

Name of the Proprietor                :           Mr Gopal Prasad Aca 

 

 

Auditors                                    :           Mr. Madhav (Chartered Accountants)

 

Bankers                                    :           Nepal Banijo Bank Ltd., Damak, Nepal

                                                            Nepal Bank Ltd, Damak, Nepal

                                                            Siddharth Bank, Damak, Nepal 

                                                           

 

Business                                   :           Dealer of Automobile part of bike and tractor

 

Agencies held                            :           Yamaha

 

Trading Terms                            :           Purchasing Terms: Cash, Credit (30 days)

                                                            Selling Terms: Cash, Credit (30 days)

 

Types of customers                    :           Wholesalers, Retailers, End Users

 

No. of Employees                      :           8 persons

 

Capital Structure

(Amt. in INR)

Capital Investment :

 

Owned :

Rs.  6 Crores

Borrowed :

--

Total :

Rs.  6 Crores

 

Information Parted By:

Name               : Mr Gopal Prasad Aca 

Designation     : Proprietor

Mobile No.       : 009779852045061

Date                 : 12.12.2011

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

2011-2010

2009-2010

 

SALES

 

 

 

 

 

Sales

 

162272826

150455450

 

 

Other Income

 

14506

11456

 

 

TOTAL                                    

 

162287332

150466906

 

 

 

 

 

 

EXPENSES

 

 

 

 

 

Cost of goods Sold

 

151467260

140196827

 

 

Other expenses

 

20266649

19359937

 

 

 

 

 

 

Net profit for Year                                 

 

5444169

5265912

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.40

UK Pound

1

Rs.83.32

Euro

1

Rs.70.44

 

 

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

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

----

NB

New Business

----

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.