MIRA INFORM REPORT

 

 

Report Date :

11.03.2013

 

IDENTIFICATION DETAILS

 

Name :

KEDIA INTERNATIONAL PVT. LTD.

 

 

Registered Office :

252, Teendhara Road, Siddhartha Bank Building, 2nd Floor, P.O. Box No. 13368, Kamaladi, Kathmandu

 

 

Country :

Nepal

 

 

Financials (as on) : 

15.07.2011

 

 

Date of Incorporation :

14.02.1998

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

Dealer  of Vehicles, Spare Parts, Lubricants

 

 

No. of Employees :

102

 

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 :

Usually Correct

 

 

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

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

 

 

Company name

 

Kedia International Pvt. Ltd.

 

 

Company Address 

 

Corporate Office
252, Teendhara Road
Siddhartha Bank Building, 2nd Floor
P.O. Box No. 13368
Kamaladi, Kathmandu, Nepal
Tel: 4442430,4420942
Fax: 977-1-4442431
E-mail: kedia@info.com.np

 

Head Office
P.O. Box No. 20
Alkhiya Road Birgunj, Nepal
Tel : 522092,522297, 522536, 521418
Fax: 977-51-522086
Email : kedia@atcnet.com.np, sugar@mail.com.np


Kathmandu Office
G.P.O. Box No. 929
Kha 1/192, Kalimati, Kathmandu, Nepal
Tel:4270730,4272879,
4270371,4270456
Fax:977-1-4270973, 4277558, 4273987
Email: sachi@wlink.com.np

 

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

                                    Act No.18755 of 14.02.1998.

 

 

Directors  

 

Chairman
Mr. Hira Lal Kedia

Vice Chairman
Mr. Tara Chand Kedia

Executive Directors
Mr. Bishwanath Kedia

Dr. Dinanath Kedia

Mr. Madan Lal Kedia

Mr. Ramavtar Kedia

Mr. Ramesh Kedia

Mr. Ratan Lal Kedia

Mr. Suresh Kedia

Mr. Sunil Kedia

Mr. Rajesh Kedia

Mr. Pradeep Kedia

Mr. Anil Kedia

Mr. Bimal Kedia

 

Advisors - Legal

Mr. Kamal Narayan Das (Advocate)


Bankers :        

Nepal Bangladesh Bank Ltd.
Rastriya Banijya Bank
Himalayan Bank Ltd.
Nepal Bank Ltd.
Nepal SBI Bank Ltd.
Nepal Arab Bank Ltd.
Nepal Investment Bank Ltd.

 

Shareholders :               Kedia Group of Company.

 

Auditors:                       Mr. Kamal Narayan Das

 

Business :                     Dealer  of Vehicles, Spare Parts, Lubricants The concern is located to operate from the

address mentioned at the top which is their own.  There are total staff 102 at the moment.  Hero Honda Motors Dealer - Two-Wheelers, Motorcycle, Bikes, Scooter, Moped

 

Trade trams       :           Japan, Koria, India.

 

 

Financial                   

 

BALANCE SHEET AS AT 15th JULY, 2011

 

LIABILITIES

NP. RUPEES

ASSETS

NP. RUPEES

Authorised Capital

60,000,000

Fixed Assets

63,913,740

Paid up Capital

49,787,500

Cap. Work in Progress

1,080,852

Reserve & Surplus

11,331,261

Current Assets

49,674,391

Secured Loans

50,337,942

Deferred Tax Net

99,000

Unsecured Loans

3,348,332

Miscns. Expenses

37,052

Total Nep. Rs.

114,805,035

Total Nep. Rs.

114,805,035

 

 

Sales                            :           Nep Rs.77,014,028/-

Profit of this year            :           Nep Rs.  7,075,182/-

Deferred Tax Adjust        :           Nep Rs.   1,270,344/-

Net Profit                       :           Nep Rs.      331,261/-

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.40

UK Pound

1

Rs.81.57

Euro

1

Rs.71.24

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.