|
Report Date : |
25.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
GANAPATI ROSIN & TURPENTINE INDUSTRIES (P) LTD. |
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|
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Registered Office : |
Babarmahal, Kuriya Gaun 1433, Tank Prasad Ghumti Sadak |
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Country : |
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|
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
16.07.1996 |
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Legal Form : |
Limited Company |
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|
|
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Line of Business : |
Manufacturer of
Collection of OPR (Olies Pine Resin Khoto & Manufacturing & Exporting
of Gum Rosin & Turpentine Oil) |
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|
|
|
No. of Employees : |
1665 |
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Nepal |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
NEPAL - ECONOMIC OVERVIEW
Nepal is among the poorest and least developed countries in
the world, with about one-quarter 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 a little over 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 |
: |
Ganapati Rosin & Turpentine Industries (P) Ltd. |
|
Correct Name of
Company |
: |
Ganapati Rosin & Turpentine Industries (P) Ltd. |
|
Registered
Office |
: |
Babarmahal, Kuriya Gaun
VDC Birpur, Chanauta
Sangam Path, Traffic Chowk, Butwal |
|
Office |
: |
As above |
|
Industry |
: |
(Manufacturer of Collection of OPR (Olies Pine Resin Khoto & Manufacturing & Exporting of Gum
Rosin & Turpentine Oil)) |
|
Nature of
Activity |
: |
The company Ganpati Rosin & Turpentine Industries Pvt. Ltd. was
established with the purpose of manufacturing of Gum Rosin and Gum Turpentine
Oil from Oleo Resins (Oleo Pine Resin) collected from the pine trees of the natural
forests of Nepal. It was registered as proprietorship concern with the
Department of Cottage & Small Scale Industries on 2050/11/02 (Feb. 14,
1994) in the name of Shree Vishwanath Poddar. An agreement was signed with
the Department of Forest HMG, Nepal for the tapping of 4000 MT Oleo Pine
Resin from the five districts of Rapti Zone (Salyan, Rolpa, Dang, Puthan and
Rukum) on 2050-11-16 (Feb. 28, 1994). This agreement was for a period of 10
years and a second term agreement was signed for up to 2071 B. S. (2015
A.D.). The proprietorship company was converted into a Private Limited
Company on 2053-3-25 (July 9, 1996) with the registration of the company with
the Office of Company Registar, Government of Nepal. This company produces gum rosin and gum turpentine oil which is raw
material for other industries such as medicine, soap, lubricant, painting and
chemical industries etc. Name: Ganpati Rosin & Turpentine Industries Pvt. Ltd. Sister Concern: Kapilvastu Glass Fiber Industries /Kapilvastu Rosin Uddyog |
EXPORT & IMPORT
|
DUBAI |
UNITED ARAB EMIRATES |
|
|
'AMMAN |
JORDAN |
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|
ISRAEL |
|
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RIVERWOODS |
UNITED STATES |
|
|
HAWALLI |
KUWAIT |
|
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CANAR |
ECUADOR |
|
|
BIRATNAGAR |
NEPAL |
|
|
LIMA |
PERU |
|
|
FREMONT |
UNITED STATES |
|
|
JOHANNESBURG |
SOUTH AFRICA |
|
|
GARLAND |
UNITED STATES |
|
|
GUATEMALA |
GUATEMALA |
|
|
KORTRIJK |
BELGIUM |
|
|
ACCRA |
GHANA |
|
|
PANGIL |
PHILIPPINES |
|
|
HIGHLAND PARK |
UNITED STATES |
|
|
VANCOUVER |
UNITED STATES |
|
|
BRENTWOOD |
UNITED STATES |
|
|
MELBOURNE |
AUSTRALIA |
|
|
AL-UQSUR |
EGYPT |
Legal Form
|
: |
Limited Company |
Corporate Identity Number (CIN)
|
: |
104135 |
ROC Code
|
: |
Kathmundu |
|
Registration Date |
: |
(July 16, 1996) |
Issuing Authority
|
: |
Registrar of Companies (ROC), KATHMANDU |
Authorised Capital
|
: |
Rs. 5,000,000 divided into 500,000 Equity Shares of Rs. 10/- each. |
Paid-up Capital
|
: |
Rs. 2,616,680 divided into 261,668 Equity Shares
of Rs. 10/- each.
|
|
Auditor |
: |
M.C Karki & Co. Kathmandu,Nepal |
Chairman : Mr. Vishwanath Poddar
Managing Director : Mr.
Pramod Poddar
Mr.
S. K. Poddar
Mr.
B. K. Shrestha
Total Staff : 1665
CAPITALIZATION STRUCTURE
Authorized
Share Capital
|
:
|
Rs. 5,000,000 divided into 500,000 Equity Shares of Rs. 10/- each. |
Issued,
Subscribed & Paid Up Capital
|
:
|
Rs. 2,616,680 divided into 261,668 Equity Shares of Rs. 10/- each. |
Face
Value
|
:
|
Rs. 10/- each. |
Last
AGM
|
:
|
July 19, 2011 |
Particulars
|
March 31, 2011
|
March 31, 2010
|
Total Income
|
95.40
|
73.52
|
Total Expenditure
|
92.22
|
69.62
|
|
Profit before Taxation |
3.18
|
3.90
|
|
Less : Provision for Tax |
1.11
|
1.04
|
|
Profit after Taxation |
2.07
|
2.86
|
Balance Sheet
(Amount in Rupees Mln.)
|
Particular |
March 31, 2011
|
March 31, 2010
|
|
Sources of Funds |
||
|
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 |
Key Financial Ratio
|
Particulars |
March 31, 2011
|
March 31, 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 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.73 |
|
|
1 |
Rs.91.82 |
|
Euro |
1 |
Rs.78.23 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.