MIRA INFORM REPORT

 

 

Report Date :

20.08.2012

 

IDENTIFICATION DETAILS

 

Name :

GREEN VENTURES PVT. LTD.

 

 

Registered Office :

Trivani Complex, 5th Floor, Putali Sadak, Kathmandu

 

 

Country :

Nepal

 

 

Financials (as on) :

15.07.2011

 

 

Date of Incorporation :

12.12.2007

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Developing Commercial Renewable Energy Generation Facilities

 

 

No. of Employees :

Not Available

 

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 :

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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 and address

 

Green Ventures Pvt. Ltd.,

 

Regd. Office:

Trivani Complex,

5th Floor, Putali Sadak,

Kathmandu, Nepal.

 

Location: Owned

 

Phone Numbers: 977-1-4228623 / 2290341

 

Fax: 977-1-4266133

Branch Address:

Manbhawan Jawalakhel
Lalitpur Nepal
Tel: 977.1.554.0303
Fax: 977.1.554.2040

 

 

Summary

 

History :                       It is a private limited company incorporated at Kathmandu under His Majesty  Govt.

                                    Act No.49681of 12.12.2007

 

Directors :        

Mr. S C Sanghai

Mr. Rishab Jhunjhunwala

Mr. O P Ajmera

 

Bankers :                      1. Nepal Industrial and Commercial Bank  (Nepal)

                                    2. Everest Bank

 

Shareholders :               Green Ventures Ltd. hold all shares.

 

Auditors:                       Narayan Prakash and Company  (Nepal)

 

Business :                     Developing Commercial Renewable Energy Generation Facilities

 

Renewable & Clean Energy

 

The growing electricity generation capacity shortfall across South Asia has led to the recent deregulation of the energy & power industry and created significant investment opportunities.


Investment opportunities in the hydropower sector are especially pronounced due to the underdevelopment of regional hydropower electricity generation potential, the uncertainty of oil, coal, natural gas, and LNG supply and pricing, and the increasing global concern about fossil fuel pollution and climate change. 


Green Ventures is a catalyst playing an active and opportunistic role in the ongoing development of the hydropower sector across South Asia. The firm’s regional insight, extensive network of relationships, and understanding of industry fundamentals advantageously position Green Ventures to execute superior transactions.

Green Ventures is committed to developing commercial renewable energy generation facilities that are in accordance with the Equator Principles and follow the World Commission on Dams recommendations for hydropower development.


Green Ventures innovative Green Village Ventures program works with local communities to ensure that affected peoples receive substantial benefits from renewable energy and hydropower development The Green Ventures Nepal (GVN) experienced team of hydropower experts have the requisite capability, knowledge, regional insight, and network of relationships to carry out the detailed analysis that support and facilitate Green Ventures hydropower interests within Nepal and India. The GVN hydropower development team possesses over sixty years of experience in the development of regional hydropower facilities and have performed numerous feasibility studies, detail project reports (DPR), topographical and geological surveys, geotechnical studies, detail design plans, and overseen numerous projects construction and operation representing over 5,850 MW of hydropower in Nepal and India. The regional and professional expertise of the GVN team can create innovative integrated solutions for the whole gamut of issues associated with the life cycle of sustainable hydropower development within Nepal, such competence comes after over sixty years of hydropower experience, insight, and knowledge of Nepal.

Mr. Vipin Arora, Associate Vice President, Bhilwara Energy Ltd.

Green ventures Pvt. Ltd. is joint ventures between Bhilwara Energy Ltd. and Trivani Group of Nepal.

 

 

Information parted by

 

Name                : Mr. S C Sanghai

Designation       : Director

Date                 : 20.08.2012

 

 

Financial

           

Particular
July 15, 2011
July 15, 2010

Sources of Funds

NP Rs. In Lacs

NP Rs. In Lacs

Share Capital

2.62

0.59

Reserves & Surplus

13.56

3.40

Unsecured Loans

2.67

4.30

Deferred Tax Liability (Net)

0.01

0.01

Total Liabilities

18.86

8.30

Application Of Funds

Gross Block

1.28

0.88

Less:  Depreciation

0.43

0.24

Net Block

0.85

0.64

Current Assets, Loan and Advances

Inventories

30.24

22.01

Sundry Debtors

10.84

9.63

Cash And Bank Balances

0.14

0.82

Loans and Advances

2.49

1.31

 

43.71

33.77

Less : Current Liabilities & Provisions

Current Liabilities

23.56

25.09

Provisions

2.18

1.06

 

25.74

26.15

Net Current Assets

17.97

7.62

Miscellaneous Expenditure

0.04

0.04

Total Assets

18.86

8.30

 

Particulars
July 15, 2011
July 15, 2010

PAT / Total Income (%)

                       2.17

                     3.89

Net Profit Margin

(PBT/ Total Income) (%)

3.33

5.30

Return on Total Assets

(PBT/Total Assets} (%)

7.13

11.32

Return on Investment (ROI)

(PBT/Net worth)

0.20

0.98

Debt Equity Ratio

(Total Liability/Net worth)

1.76

7.63

Current Ratio

(Current Asset/Current Liability)

                       1.70

                     1.29

 

 

Remarks :         Payments are reported to be correct and regular as per commitments.  Trade relations are fair.


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.70

UK Pound

1

Rs.87.54

Euro

1

Rs.68.85

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.