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Report Date : |
06.03.2014 |
IDENTIFICATION DETAILS
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Name : |
AARTI STRIPS (P) LTD. |
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Registered Office : |
Ward No. 1, Tankisinwari, V.D.C., Dist.-Morang, Biratnagar, |
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Country : |
Nepal |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
23.11.2000 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Manufacturer of Galvanised plant & corrugated sheets |
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No. of Employees : |
77 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Nepal |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
Company
Identification Details
|
Enquired Name |
: |
AARTI STRIPS (P)
LTD. |
|
Correct Name of Company |
: |
AARTI STRIPS (P) LTD. |
|
Registered Office |
: |
Ward No. 1, Tankisinwari,
V.D.C., Dist.-Morang, Biratnagar, Nepal |
|
Industry |
: |
Galvanised plant (Manufacturer of Galvanised plant &
corrugated sheets) |
|
Nature of Activity |
: |
(Manufacturer of Galvanised plant & corrugated sheets) |
Official Company Data
|
Legal Form |
: |
Private Limited
Company |
|
Corporate Identity Number (CIN) |
: |
14317 |
|
ROC Code |
: |
Kathmandu |
|
Registration Date |
: |
23.11.2000 |
|
Issuing Authority |
: |
Registrar of Companies
(ROC) |
|
Employee |
: |
77 |
|
Business Activity / Product Description |
: |
(Manufacturer of Galvanised plant & corrugated sheets) |
|
Auditor |
: |
N. K. Tuladhar & Sons., Kathmandu, Nepal |
|
Bankers |
: |
Bank of Kathmandu,
Nepal Nepal Grindlays
Bank Ltd., Kathmandu, Nepal. |
Mr. Alkesh Sharma
Mr. Arun Agrawal
Mr. Roshit Unnithan
|
Authorized Share
Capital |
: |
30,000,000/-
(3,000,000./ Equity Shares of Rs.10/- each) |
|
|
Issued, Subscribed
& Paid Up Capital |
: |
Paidup :
14,672,000/- (14,672,00/- of Rs.10/- each) |
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BALANCE SHEET AS AT 31.03.2012 |
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Liabilities |
Amount (Rs.) |
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Assets |
Amount (Rs.) |
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Paid Up Capital |
14,672,000 |
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Fixed Assest |
5848248 |
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|||
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Secured Loan |
30,721,697 |
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Investments |
5,731,477 |
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Unsecured Loan |
4,676,994 |
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Inventories |
32,000,000 |
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Cash & Bank |
6,103,766 |
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Sundry Debtors |
387,200 |
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Total |
50,070,691 |
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50,070,691 |
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Rs. |
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Sales |
30,863,138 |
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Expenditure |
4,007,910 |
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Profit Before Tax |
26,763 |
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Profit After Tax |
19,125.00 |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.86 |
|
|
1 |
Rs.103.06 |
|
Euro |
1 |
Rs.84.92 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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.