MIRA INFORM REPORT

 

 

Report Date :

07.05.2011

 

IDENTIFICATION DETAILS

 

Name :

MAHAVIR SHREE INTERNATIONAL PVT. LTD.

 

 

Registered Office :

1303 Devkota Sadak, Old Baneshwor GPO Box No. 410 Kathmandu

 

 

Country :

Nepal

 

 

Financials (as on) :

31.07.2011 (Approximately)

 

 

Date of Incorporation :

July 2010

 

 

Legal Form :

Private Limited  

 

 

Line of Business :

Manufacturer of Electrochemical Products

 

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 :

Unknown

 

 

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 – December 31, 2010

 

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

Nepal

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Concern name & address 

 

mahavir shree international pvt. ltd.

 

Address                               :      1303 Devkota Sadak, Old Baneshwor GPO Box No. 410,

City                                      :      Kathmandu

Country                                :      Nepal

Phone                                  :      977-1-4461848

Email                                   :      rup@bhojho.com

Fax                                      :      977-1-4461948

Area                                     :      3000 Sq.ft (Approximately)

Location                               :      Owned

 

Factory Address                   :      Chandra Negapur Bara Nepal

 

 

SUMMARY

 

Years Established                      :           July 2010

 

Type of Company                       :           Private Limited  

 

Name of the Directors                 :           1. Mr. Shivprakash Khemka  (Age - 40 Years)

                                                            2. Mr. Madangopal Khemka  (Age - 60 Years)

3. Mr. Parichit Khemka

 

No. of Employees                      :           50 Approximately                                              

 

Auditors                                    :           Harihar Mangal Joshi (Chartered Accountant)

                                                            Address: Lalitpur, Nepal

 

Bankers                                    :           1. Standard Chartered Bank, New Baneshwar Branch, Nepal

                                                            2. Nepal Investment Bank Limited, Battis Putali Branch, Nepal

                                                            3. Averest Bank, Nepal

                                                            4. Nabil Bank, Sinamangal Branch, Nepal

 

Business                                   :           Manufacturer of Electrochemical Products           

 

Import To                                   :           Products: Raw Material

                                                            Country  : European Countries 

 

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

                                                            Selling        : Cash, Credit (30 Days)

 

 

Type of Customers                     :           End Users, OEM’s

 

 

 

Sister Concerns                         :           Natural Resource Industries Private Limited

                                                                        Address : 1303 Devkota Sadak, Old Baneshwor GPO Box No. 410,

Kathmandu, Nepal

Activity: Manufacturer of Electrochemical Products

 

Financials

 

Particulars

31.07.2011

(Rs. In Millions)

(Private Limited)

31.07.2010

(Rs. In Millions)

(Proprietory Concern)

31.07.2009

(Rs. In Millions)

(Proprietory Concern)

 

 

 

 

Sales Turnover (Approximately)

180.000

140.000

70.000

 

Expected Sales (2011-2012) : Rs. 250.000 millions (Private Limited)

 

 

Important Note                           :    Mahavir Shree International was established in the year 3rd July 1980, with proprietory concern. Mr. Shivprakash Khemka was the proprietor of the company. In July 2010, proprietory concern got converted into Private Limited Company and the name of company is Mahavir Shree International Private Limited.

 

 

Information Parted By                 :           Name                : Mr. Rupnarayan

                                                            Designation       : Accounts Manager 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.78

UK Pound

1

Rs.73.43

Euro

1

Rs.65.27

 

 

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.