MIRA INFORM REPORT

 

 

Report Date :           

16.12.2011

 

IDENTIFICATION DETAILS

 

Name :

HIMAL HYDRO AND GENERAL CONSTRUCTION LTD

 

 

Registered Office :

Chhauni Housing Complex, Bahiti, Kathmandu

 

 

Country :

Nepal

 

 

Year of Establishment :

1978

 

 

Legal Form :

Public Independent Company

 

 

Line of Business :

Undertakes work in the field of hydropower, tunnelling, water and waste water management as well as general construction work.

 

 

No. of Employees :

Not Available

 

 

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 

 

Himal Hydro and General Construction Ltd

Chhauni Housing Complex

Bahiti

Kathmandu,

Nepal

Tel:                  977 (1) 403 8030

Fax:                  977 (1) 403 8026

E-Mail :             mail@himalhydro.com.np 

Web :               www.himalhydro.com.np

           

 

Synthesis

 

Employees:                  NA

Company Type:            Public Independent

Incorporation Date:         1978   

Reporting Currency:       Nepalese Rupee

Annual Sales:               NA

Total Assets:                 NA

 

 

Business Description     

 

Undertakes work in the field of hydropower, tunnelling, water and waste water management as well as general construction work. ISO 9001:2008

 

Industry

Industry            Construction Services

ANZSIC 2006:    3109 - Other Heavy and Civil Engineering Construction

NACE 2002:      4521 - General construction of buildings and civil engineering works

NAICS 2002:     237990 - Other Heavy and Civil Engineering Construction

UK SIC 2003:    45213 - Construction of civil engineering constructions

US SIC 1987:    1629 - Heavy Construction, Not Elsewhere Classified

 

           

Key Executives   

 

Name

Title

Shiva Kumar Sharma

Managing Director

Dipendra Kumar

Manager of Finance

Rajendra Man Joshi

Company Secretary / DGM

Shyam Prasad Sharma

Procurement Manager

Pawan Kumar Shrestha

Manager of Engineering

 

 

1 - Profit & Loss Item Exchange Rate: USD 1 = NPR

2 - Balance Sheet Item Exchange Rate: USD 1 = NPR

 

 

Information Parted By

 

Name               : Mr. M S Shurya Maya Maharajan

Designation     : Accounts Manager

Mobile No.       : 0977 (1) 4038030

Date                 : 15.12.2011

 

 

Corporate Overview

 

Location

Chhauni Housing Complex

Bahiti

Kathmandu, Nepal

Tel:       977 (1) 403 8030

Fax:      977 (1) 403 8026

Web     www.himalhydro.com.np

           

Sales NPR(mil):             NA

Assets NPR(mil):           NA

Employees:                   NA

Industry:                        Construction Services

Incorporation Date:         1978

Company Type:             Public Independent

Quoted Status:              Not Quoted

Managing Director:         Shiva Kumar Sharma

 

Contents

·         Industry Codes

·         Business Description

 

Industry Codes

 

ANZSIC 2006 Codes:

3101     -          Road and Bridge Construction

3109     -          Other Heavy and Civil Engineering Construction

 

NACE 2002 Codes:

4521     -          General construction of buildings and civil engineering works

 

NAICS 2002 Codes:

237130  -          Power and Communication Line and Related Structures Construction

237990  -          Other Heavy and Civil Engineering Construction

237310  -          Highway, Street, and Bridge Construction

 

US SIC 1987:

1622     -          Bridge, Tunnel, and Elevated Highway Construction

1629     -          Heavy Construction, Not Elsewhere Classified

1623     -          Water, Sewer, Pipeline, and Communications and Power Line Construction

 

UK SIC 2003:

45213   -          Construction of civil engineering constructions

 

Business Description

Undertakes work in the field of hydropower, tunnelling, water and waste water management as well as general construction work. ISO 9001:2008

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Yogendra Prasad Shrestha

 

Chairman

Chairman

 

David McConkey

 

Director

Director/Board Member

 

Prakash Bahadur Shrestha

 

Director

Director/Board Member

 

Dilli Bahadur Singh

 

Director

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Sanjeev Kumar Thakur

 

General Manager, Technical

Division Head Executive

 

Shiva Kumar Sharma

 

Managing Director

Managing Director

 

Rajendra Man Joshi

 

Company Secretary

Administration Executive

 

Dipendra Kumar

 

Manager of Finance

Finance Executive

 

Phub Dorji Tamang

 

Manager of Finance

Finance Executive

 

Pawan Kumar Shrestha

 

Manager of Engineering

Engineering/Technical Executive

 

Shyam Prasad Sharma

 

Procurement Manager

Purchasing Executive

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.24

UK Pound

1

Rs.83.77

Euro

1

Rs.70.46

 

 

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%)

 

 

 

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