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Report Date : |
25.06.2012 |
IDENTIFICATION DETAILS
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Name : |
AARTI STRIPS (P) LTD. |
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Registered Office : |
Ward No. 1, Ankisinwari, Biratnagar |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
23.11.2000 |
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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
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
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 |
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Enquired
Name |
: |
Aarti Strips (P)
Ltd. |
|
Correct
Name of Company |
: |
Aarti Strips (P)
Ltd. |
|
Registered
Office |
: |
Ward No. 1, ankisinwari, Biratnagar Location: Owned |
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Industry
|
: |
Galvanised plant (Manufacturer of
Galvanised plant & corrugated sheets) |
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Nature
of Activity |
: |
(Manufacturer of Galvanised plant &
corrugated sheets) |
Legal
Form
|
: |
Private Limited Company |
Corporate Identity Number (CIN)
|
: |
14317 |
ROC
Code
|
: |
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Registration Date |
: |
23.11.2000 |
Issuing
Authority
|
: |
Registrar of Companies (ROC) |
Employee
|
: |
250
|
Business
Activity / Product
Description |
: |
(Manufacturer of
Galvanised plant & corrugated sheets) |
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Auditor |
: |
N. K. Tuladhar & Sons., |
Bankers
|
: |
State Bank of Nepal Grindlays Bank Ltd., |
Export
|
: |
Country : Products : Galvanised plant
& corrugated sheets |
Import
|
: |
Country : Products : Raw Materials |
Customer
Types
|
: |
Retailers Wholesalers |
Trading Terms
Terms of Purchase L/C, Cash, Credit (30-60 days)
Terms of
Board of Directors
· Mr. Alkesh Sharma
Mr.
H C Verma
Mr.
Arun Agrawal
Capitalization
Structure
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Authorized Share Capital |
:
|
30,000,000/- (3,000,000./ Equity Shares of Rs.10/- each) |
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Issued, Subscribed & Paid Up Capital |
:
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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
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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 |
14,672,000 |
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Fixed Asset |
5848248 |
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Secured Loan |
27,721,697 |
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Investments |
4,731,477 |
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Unsecured Loan |
3,676,994 |
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Inventories |
30,000,000 |
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Cash & Bank |
5,103,766 |
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Sundry Debtors |
387,200 |
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Total |
46,070,691 |
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46,070,691 |
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Rs. |
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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.56.99 |
|
|
1 |
Rs.88.97 |
|
Euro |
1 |
Rs.71.57 |
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 |
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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 |
|
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.