|
Report Date : |
21.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
AARTI STRIPS (P) LTD. |
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|
|
|
Registered Office : |
Ward No. 1, Ankisinwari, Biratnagar |
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Country : |
Nepal |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
23.11.2000 |
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|
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|
Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer of Galvanised plant & corrugated sheets |
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No. of Employees : |
250 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Nepal |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
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.
|
Source : CIA |
|
Enquired
Name |
: |
Aarti Strips (P)
Ltd. |
|
Correct
Name of Company |
: |
Aarti Strips (P)
Ltd. |
|
Registered
Office |
: |
Ward No. 1, ankisinwari, Biratnagar Location: Owned |
|
Industry
|
: |
Galvanised plant (Manufacturer of
Galvanised plant & corrugated sheets) |
|
Nature
of Activity |
: |
(Manufacturer of Galvanised plant &
corrugated sheets) |
Legal Form
|
: |
Private Limited Company |
Corporate
Identity Number (CIN)
|
: |
14317 |
ROC Code
|
: |
Kathmandu |
|
Registration Date |
: |
23.11.2000 |
Issuing Authority
|
: |
Registrar of Companies (ROC) |
Employee
|
: |
250
|
Business Activity / Product
Description |
: |
(Manufacturer of
Galvanised plant & corrugated sheets) |
|
Auditor |
: |
N. K. Tuladhar & Sons., Kathmandu, Nepal |
Bankers
|
: |
State Bank of India, Kathmandu, Nepal Nepal Grindlays Bank Ltd., Kathmandu, Nepal. |
Export
|
: |
Country : India Products : Galvanised plant
& corrugated sheets |
Import
|
: |
Country : India Products : Raw Materials |
Customer Types
|
: |
·
Retailers ·
Wholesalers |
Trading Terms
Terms of Purchase L/C, Cash, Credit (30-60 days)
Terms of Sale L/C, Cash, Credit (30-60 days)
Board of Directors
· Mr. Alkesh Sharma
· Mr. H C Verma
· Mr. Arun Agrawal
Capitalization
Structure
|
Authorized Share Capital |
:
|
30,000,000/- (3,000,000./ Equity Shares of Rs.10/- each) |
|
Issued, Subscribed & Paid Up Capital |
:
|
Paidup : 14,672,000/- (14,672,00/- of Rs.10/- each) |
Information Parted
By:
Name : Ms. Anita
Designation : Office Executive
Mobile No. : 977-1-4351851
Date : 23.06.2012
|
BALANCE SHEET AS
AT 31.03.2011 |
||||
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|
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|
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Liabilities |
Amount (Rs.) |
|
Assets |
Amount (Rs.) |
|
Paid Up Capital |
14,672,000 |
|
Fixed Asset |
5848248 |
|
Secured Loan |
27,721,697 |
|
Investments |
4,731,477 |
|
Unsecured Loan |
3,676,994 |
|
Inventories |
30,000,000 |
|
|
|
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Cash & Bank |
5,103,766 |
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|
|
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Sundry Debtors |
387,200 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Total |
46,070,691 |
|
|
46,070,691 |
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|
|
|
|
|
|
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Rs. |
|
|
|
|
Sales |
28,863,138 |
|
|
|
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Expenditure |
2,007,910 |
|
|
|
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Profit Before
Tax |
21,763 |
|
|
|
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Profit After Tax |
17,125.00 |
|
|
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.84 |
|
UK Pound |
1 |
Rs.89.11 |
|
Euro |
1 |
Rs.72.47 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.