|
Report Date : |
16.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
AMBE STEELS PVT. LTD |
|
|
|
|
Registered Office : |
Ambe Complex, 6th Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation : |
07.06.2000 |
|
|
|
|
Legal Form : |
Nepal Private Limited Company |
|
|
|
|
Line of Business : |
Manufacturer and Importer of TMT Bars, Tor Kari and Steel Products. |
|
|
|
|
No of Employees : |
625 |
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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Nepal |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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. Nepal is heavily dependent on
remittances, which amount to as much as 22-25% of GDP. Agriculture is the
mainstay of the economy, providing a livelihood for more than 70% 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
commercially feasible capacity, but political uncertainty and a difficult
business climate have hampered foreign investment. Additional challenges to
Nepal's growth include its landlocked geographic location, persistent power
shortages, underdeveloped transportation infrastructure, civil strife and labor
unrest, and its susceptibility to natural disaster. The lack of political
consensus in the past several years has delayed national budgets and prevented
much-needed economic reform, although the government passed a full budget in
2013.
|
Source
: CIA |
|
Enquired Name |
: |
AMBE STEELS PVT. LTD. |
|
Correct Name of
Company |
: |
AMBE STEELS PVT. LTD. |
|
Registered
Office |
: |
Ambe Complex, 6th Floor, Teku Road, Teku, Kathmandu, Nepal Phone: 4258128, 4258129 Fax: 00977-1-4226728 |
|
Office |
: |
As above |
|
Industry |
: |
Manufacturer and Importer of TMT Bars,Tor Kari and Steel Products. |
|
Local Name |
: |
Ambe Steels Pvt. Ltd. |
|
Nature of
Activity |
: |
Ambe Steels Pvt. Ltd. is located in Kathmandu, Nepal. Company is
working in Steel Products business activities. Ambe steels (P) ltd.
established in sept 2009 in Lumbini zone near by bhairahawa city,Nepal. This
ahs been set up to manufacture TMT steel bars as well as other steel products
by Thermex technology. The annual production capacity of this company is
81000 MT |
|
Legal Form |
: |
Nepal Private Limited Company |
|
Corporate Identity Number (CIN) |
: |
77071 |
|
ROC Code |
: |
Kathmundu |
|
Registration Date |
: |
07.06.2000 |
|
Issuing
Authority |
: |
Registrar of Companies (ROC), KATHMANDU |
|
PAN no. |
: |
302600900 |
|
Authorized Share Capital |
: |
Authorised Capital : 10,000,000/- (1,000,000
Equity Shares of Rs.10/- each) |
|
Issued, Subscribed & Paid Up Capital |
: |
Paidup : 1,000,000/- (100,000 of Rs.10/-
each) |
|
Business
Activity / Product Description |
: |
Ambe Steels Pvt. Ltd. is located in Kathmandu, Nepal. Company is
working in Steel Products business activities. Ambe steels (P) ltd.
established in sept 2009 in Lumbini zone near by bhairahawa city,Nepal. This
ahs been set up to manufacture TMT steel bars as well as other steel products
by Thermex technology. The annual production capacity of this company is
81000 MT |
|
Total Staff |
: |
625 |
|
Auditor |
: |
G. Podar and Associates |
|
Banker |
: |
·
Rastriya
Banijya Bank ·
Himalayan
Bank Ltd. ·
Nepal Bank
Ltd. ·
Nepal
Investment Bank Ltd. ·
Janata Bank
Nepal Limited ·
Prime
Commercial Bank Limited ·
Kumara Bank
Limited ·
Citizen Bank
International Limited ·
Machhapuchchhre
Bank Limited |
|
|
|
|
|
Imports |
: |
Products: Steel Products Country: India |
|
|
|
|
|
Trading Terms |
¨ |
Purchasing Terms: LC/
Cash and Credit [30 Days] Selling Terms: LC/ Cash
and Credit [30 Days] |
|
Particulars |
31.03.2014 |
31.03.2013 |
|
|
Rs. In Millions |
|
|
Sales Turnover [Approximately] |
4100.000 |
3750.000 |
Mr. Shobhakar Neupane
Mr. Ramesh Kumar Agrawal
Mr. Purna Bhadra Poudel
Mr. Sajjan Kumar Agrawal
Mr. Shobhakar Neupane 30%
Mr. Ramesh Kumar Agrawal 30%
Mr. Purna Bhadra Poudel 30%
Mr. Ashoke Kr. Agarwal 10%
|
Authorized Share Capital |
: |
Authorised Capital : 10,000,000/- (1,000,000
Equity Shares of Rs.10/- each) |
|
Issued, Subscribed & Paid Up Capital |
: |
Paidup : 1,000,000/- (100,000 of Rs.10/-
each) |
|
Face Value |
: |
Rs. 10/- each. |
|
Last AGM |
: |
July 15, 2013 |
(Amount
in Rupees Mln.)
|
BALANCE SHEET AS AT 15.07.2013 |
||||
|
|
|
|
|
|
|
LIABILITIES |
AMOUNT (RS.) |
|
ASSETS |
AMOUNT (RS.) |
|
|
|
|
|
|
|
Paid up Capital |
1,000,000 |
|
Fixed Assets |
10,947 |
|
Reserve & Surplus |
10,618,987 |
|
Investments |
3,000,000 |
|
Deffered Tax |
8,944 |
|
Loans & Advances |
15,348,954 |
|
Current Liabilities & Prov. |
13,481,829 |
|
Cash & Bank |
6,749,859 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
25,109,760 |
|
|
25,109,760 |
|
|
|
|
|
|
|
|
Rs. |
|
|
|
|
Sales |
21,036,920 |
|
|
|
|
Profit before Tax |
10,382,600 |
|
|
|
|
Profit after Tax |
6,568,911 |
|
|
|
INFORMATION PARTED BY [GENERAL DETAILS]
|
Name : |
Mr. Chandra Kishore Singh |
|
Designation : |
Finance and Commercial Executive |
|
Contact No.: |
977-1-4258128 |
|
Date : |
11.08.2014 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.05 |
|
|
1 |
Rs.101.84 |
|
Euro |
1 |
Rs.81.55 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
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.