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Report Date : |
23.09.2013 |
IDENTIFICATION DETAILS
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Name : |
PROBIOTECH INDUSTRIES PVT LTD |
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Registered Office : |
GPO Box: 5751, Kukbuilding, 3rd
Floor, Sinamangal, Kathmandu |
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Country : |
Nepal |
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Financials (as on) : |
15.07.2012 |
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Date of Incorporation : |
Not Available |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer and exporter of poultry and cattle feed product |
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No. of Employees : |
Not Available |
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 |
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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, 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 |
Probiotech
Industries Pvt Ltd
Regd. Office : GPO
Box: 5751, Kukbuilding, 3rd
Floor, Sinamangal, Kathmandu
Telephone : 977-1-4229831/4257936/4467791
Fax : 977-1-4229832/4467795
Email :
corporate@nimbusnepal.com
Website : www.nimbusnepal.com
Factory : Lipani, Birta, VDC 8, Birganj, Parsa
|
Telephone: |
977-51-522336 |
|
Mobile Phone: |
00977 9855022191 |
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Fax: |
977-51-520964 |
History :
It is a Private Limited
Company incorporated at Kathmandu under His Majesty Govt.
Act
No. 15747 of 03-07-2003
Directors : 1. Jagdish Prosad Agarwal, Chairman
2. Anand Bagaria, MG Director
3. Umang Bagaria
4. S.R. Srestha
Bankers : 1. Nepal Indo-Swiss Bank Limited,
Kathmandu (Nepal)
2.
Nepal Bank Ltd., Kathmandu (Nepal)
3.
Nepal Grindlays Bank, Kathmandu (Nepal)
Shareholders : 1. Ashok Kumar Bagaria (40%)
2. B.K. Bagaria (20%)
3. S.K. Bagaria (20%)
4. S.R. Srestha (20%)
Auditors: S. K. Surana & Co.,
New Road, Kathmandu (Nepal).
Business : They are the leading Poultry Feed
manufacturer in Nepal. They require for our feed industry various raw materials
for manufacturing Poultry and Cattle Feed. Our factory is situated in the
second largest city of Nepal which is adjacent to Indian Boarder Town of Raxaul
Maize, Soya Doc, Feed Additives, De-Oiled Rice Bran, Vitamins & Minerals,
Shell Grits, Mustard Doc, Meat Bone Meal, Marble Dust Probiotech
Industries is the first feed industry to receive ISO 9001: 2008 and NS
certification. It has the latest pelleting plant with autobatching facility
producing 300 MT of feed every day. “Shakti” is the largest selling animal feed
brand in Nepal with 25% of the market share of feed in Nepal.
Probiotech deals with approximately 20 products in animal feed, another 20 in
feed supplements and around 20 more in fine chemicals, vaccines and medicines.
It’s the largest importer of fine chemicals for animal nutrition in Nepal. It
has the largest and most advanced grain storage facility, SILO, of 25,000 MT at
any point of time.
In an aim of business integration and expansion, Probiotech has installed a
state of art soybean extraction plant in the manufacturing premises. The
soybean by-product is used in feed mill for feed production as well as sold in
the market under the brand name SOYMAX. It is a trusted brand in its segment
and widely accepted by the industry leaders.
The feed production facility is well equipped with a fully functioning
laboratory where extensive research and development activities are carried out.
A full-fledged Wet Chemistry Laboratory, High Performance Liquid Chromatography
(HPCL) Lab and Near Infra Red (NIR) Lab ensures thorough quality test of our
products before they are launched in the market. This further eliminates the
lengthy wet chemistry process which takes days to compete. Multiple parameters
can be checked in just 5 minutes. These tests enable the stricter control on
raw material selection and quality control of finished goods.
Trade trams : Japan,
China, Korea & India.
Sister concern companies:
Financial:
BALANCE SHEET AS
AT 15th JULY, 2012
|
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/-
Remarks : Well Establish & respectable,
payments are reported to be correct & regular. Business may be done at
usual trade terms and conditions.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.24 |
|
|
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.84.22 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.