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Report No. : |
336529 |
|
Report Date : |
17.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHALIMAR STEEL PVT. LTD. |
|
|
|
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Registered Office : |
Birgunj, Adarshanagar Parsa, Birgung |
|
|
|
|
Country : |
Nepal |
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|
|
|
Financials (as on) : |
15.07.2013 |
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|
|
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Date of Incorporation : |
16.12.1982 |
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|
|
|
Legal Form : |
Public limited company |
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|
|
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Line of Business : |
Manufacturer of MS Bars, CTD Bars, Angles,
Channel |
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|
|
|
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 |
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|
|
|
Payment Behaviour : |
No Complaints |
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|
|
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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 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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. 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 and 2014. Nepal and India signed trade and investment agreements in 2014 that will increase Nepal’s hydropower potential.
|
Source
: CIA |
Shalimar Steel Pvt. Ltd.
Birgunj, Adarshanagar
Parsa, Birgung, Nepal,
Phone: 051-521024
Fax: 00977-51-522893
It
is a public limited company incorporated at Kathmandu under His Majesty Govt.
Act
No.99332 of 16.12.1982
1. Mr. Bijay Singh
Vaidya
2. A. K. Kotharia
3. Suhas Singh Vaidya
1.
Nepal
Indo-Swiss Bank Limited, Kathmandu (Nepal)
2.
Nepal
Bank Ltd., Kathmandu (Nepal)
3.
Nepal
Grindlays Bank, Kathmandu (Nepal)
4.
Nepal
Banijya Bank, Kathmandu (Nepal)
M/B
K Agarwal & Co., Putli Sadak., Kathmandu (Nepal)
Manufacturer of MS Bars, CTD Bars, Angles, Channel.
BALANCE
SHEET AS AT 15th JULY, 2013
|
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 established, respectable
and reputed concern. Payments are reported to be correct and regular as per
commitments. Trade relations are fair.
Consider good for normal business engements.
.
|
Name : |
Mr.Prakash Bohara |
|
Designation : |
Finance Department |
|
Contact No.: |
977-51-521024 |
|
Date : |
13.08.2015 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.12 |
|
UK Pound |
1 |
Rs.101.62 |
|
Euro |
1 |
Rs.72.56 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
TRU |
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.