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Report Date : |
14.12.2012 |
IDENTIFICATION DETAILS
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Name : |
INTERNATIONAL MOTORS PVT. LTD. |
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Registered Office : |
Kalanki, Kathmandu |
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Country : |
Nepal |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
18.09.2003 |
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Com. Reg. No.: |
26567 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Dealers of automobiles like scooter, mopeds
& motorcycle. |
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No. of Employees : |
8 |
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 : |
No Complaints |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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Nepal |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Nepal - ECONOMIC OVERVIEW
Nepal is among the poorest and least developed countries in the world, with with about one-third of its population living below the poverty line. Agriculture is the mainstay of the economy, providing a livelihood for three-fourths of the population and accounting for about one-third of GDP. Industrial activity mainly involves the processing of agricultural products, including pulses, jute, sugarcane, tobacco, and grain. Nepal has considerable scope for exploiting its potential in hydropower, with an estimated 42,000 MW of feasible capacity, but political instability hampers foreign investment. Additional challenges to Nepal's growth include its landlocked geographic location, civil strife and labor unrest, and its susceptibility to natural disaster.
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Source : CIA |
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hone No |
00977-1-4272124 Mobile:977-9856020091 |
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Branch Address |
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Phone No |
528943 977-61-526461 |
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History of the Company |
It is a private limited company incorporated at Kathmandu, Nepal. |
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Directors |
Indra Bahadur
Kanwar (Chairman) Chitra Bahadur
Kanwar (M.D.) Mrs. Sandhya
Kanwar Kishor Chetri |
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Banker with Branch |
Nabil Bank Ltd., Kathmandu, Nepal Nepal Grindlays Bank Ltd, Kathmandu, Nepal |
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Facility from Bank |
Unlimited |
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Activities |
Dealers automobiles like scooter, mopeds & motorcycle. |
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Import |
Japan, Korea, India |
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Main Suppliers |
Local |
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Main Customers |
Local |
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Employees |
8 |
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Premises Owned/ Rented |
Rented |
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Financial |
Enclosed Balance Sheet as on 31.03.2011 |
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Auditor |
M/s R B Srestha, New Road, Kathmandu, Nepal |
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Shareholder |
Director holds all
share. |
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Authorised Capital : 10,000,000/- (1,000,000 Equity Shares of Rs.10/-
each) |
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Paidup : 1,000,000/- (100,000 of Rs.10/- each) |
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BALANCE SHEET AS
AT 31.03.2011 |
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Liabilities |
Amount (Rs.) |
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Assets |
Amount (Rs.) |
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Paid up Capital |
1,000,000 |
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Fixed Assets |
10,947 |
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Reserve & Surplus |
10,618,987 |
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Investments |
3,000,000 |
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Deffered Tax |
8,944 |
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Loans & Advances |
15,348,954 |
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Current Liabilities & Prov. |
13,481,829 |
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Cash & Bank |
6,749,859 |
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Total |
25,109,760 |
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25,109,760 |
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Rs. |
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Sales |
21,036,920 |
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Profit before
Tax |
10,382,600 |
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Profit after Tax |
6,568,911 |
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Major Share Holders
Directors & relatives hold major shares.
Well established
respectable and reputed concern.
Payments are reported to correct and regular as per commitment.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.23 |
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UK Pound |
1 |
Rs.87.53 |
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Euro |
1 |
Rs.70.94 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT 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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.