|
Report Date : |
14.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
ZODIAC MARKETING PVT. LTD. |
|
|
|
|
Registered Office : |
Sanogoucharan, P.O. Box: 4482, Ktm, Kathmandu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
25.03.2001 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Trading House and Importer of Electrical Goods, Cosmetic Goods |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Nepal |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 |
ZODIAC MARKETING
PVT. LTD.
Address: Sanogoucharan,
P.O. Box: 4482, Ktm, Kathmandu,
Phone: 00977-1-4422428 / 4416238
Fax: 00977-1-4418332
It is a private limited company incorporated at Kathmandu under His
Majesty Govt. Act No.16039 of 25.03.2001
·
Jitendra Lohia (Chairman
& M.D.)
·
R. K. Lohia
·
Narendra Lohia (Director)
·
S. R. Lohia (Director)
·
Nepal Bank Ltd., Kathmandu (Nepal)
·
Nepal Grindlays Bank, Kathmandu (Nepal)
·
Bank of Kathmandu, Kathmandu (Nepal)
·
Jitendra Lohia (Chairman
& M.D.)
·
R. K. Lohia
·
Narendra Lohia (Director)
·
S. R. Lohia (Director)
S. K. Shrestha & Co., New Road., Kathmandu (Nepal)
Trading House and Importer of Electrical Goods, Cosmetic Goods
Germany, U.K.,
USA, Holland
|
Authorised Capital : 5,000,000/- (50,000 Equity Shares of NP.Rs.100/-
each) |
||||
|
Paidup : 4,670,400/- (46,704 of NP.Rs.100/- each) |
|
|||
|
|
|
|
|
|
|
BALANCE SHEET AS AT 31.03.2012 |
||||
|
|
|
|
|
|
|
Liabilities |
Amount (Nep Rs.) |
|
Assets |
Amount (Nep Rs.) |
|
|
|
|
|
|
|
Paid up Capital |
4,670,400 |
|
Fixed Assets |
17,314,434 |
|
Reserve & Surplus |
52,583,115 |
|
Sundry Debtors |
70,251,051 |
|
Secured Loan |
83,115,017 |
|
Investments |
32,204,897 |
|
Unsecured Loan |
1,723,764 |
|
Inventories |
18,508,982 |
|
Current Liabilities & Prov. |
74,507,752 |
|
Cash & Bank |
17,425,524 |
|
|
|
|
Loans & Advances |
29,325,037 |
|
|
|
|
Miscellaneous |
570,123 |
|
|
|
|
Other Current Assets |
31,000,000 |
|
Total |
216,600,048 |
|
|
216,600,048 |
|
|
|
|
|
|
|
|
Rs. |
|
|
|
|
Sales |
137,970,893 |
|
|
|
|
Profit Before Tax |
7,446,400 |
|
|
|
|
Profit After Tax |
4,721,400 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BALANCE SHEET AS AT 31.03.2013 |
||||
|
|
|
|
|
|
|
Liabilities |
Amount (Nep Rs.) |
|
Assets |
Amount (Nep Rs.) |
|
|
|
|
|
|
|
Paid up Capital |
4,670,400 |
|
Fixed Assets |
19,950,405 |
|
Reserve & Surplus |
47,861,715 |
|
Investments |
25,507,952 |
|
Secured Loan |
63,007,288 |
|
Inventories |
98,719,985 |
|
Unsecured Loan |
2,091,069 |
|
Cash & Bank |
16,635,599 |
|
Current Liabilities & Prov. |
68,269,367 |
|
Loans & Advances |
24,596,311 |
|
|
|
|
Miscellaneous Exps. |
489,587 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
185,899,839 |
|
Total |
185,899,839 |
|
|
|
|
|
|
|
Sales |
117,690,121 |
|
|
|
|
Profit Before Tax |
5,722,927 |
|
|
|
|
Profit After Tax |
3,622,737 |
|
|
|
Payments are reported to be correct and regular as per commitments. Trade relations are fair. Consider good for medium basis.
|
Year of Establishment |
Yes |
|
Locality of the firm |
Yes |
|
Constitutions of the firm |
Yes |
|
Premises details |
Yes |
|
Type of Business |
Yes |
|
Line of Business |
Yes |
|
Promoter’s background |
Yes |
|
No of employees |
No |
|
Name of person contacted |
No |
|
Designation of contact person |
No |
|
Turnover of firm for last three years |
No |
|
Profitability for last three years |
Yes |
|
Reasons for variation <> 20% |
No |
|
Estimation for coming financial year |
No |
|
Capital in the business |
Yes |
|
Details of sister concerns |
No |
|
Major suppliers |
No |
|
Major customers |
No |
|
Payment terms |
No |
|
Export / Import details (if applicable) |
Yes |
|
Market information |
-- |
|
Litigations that the firm / promoter involved in |
-- |
|
Banking details |
Yes |
|
Banking facility details |
No |
|
Conduct of the banking account |
-- |
|
Buyer visit details |
No |
|
Financials, if provided |
Yes |
|
Incorporation details, if applicable |
-- |
|
Last accounts filed at ROC |
-- |
|
Major Shareholders, if available |
-- |
|
PAN of Proprietor/Partner/Director, if available |
No |
|
Passport No of Proprietor/Partner/Director, if available |
No |
|
Voter ID No of Proprietor/Partner/Director, if available |
No |
Management Non Co-operative
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.19 |
|
|
1 |
Rs.103.15 |
|
Euro |
1 |
Rs.81.87 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NNA |
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.