|
Report No. : |
356909 |
|
Report Date : |
30.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
CIVIL PLASTIC
INDUSTRIES PVT. LTD. |
|
|
|
|
Registered Office : |
Nepal Gaunj, Banke |
|
|
|
|
Country : |
Nepal |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
06.01.2000 |
|
|
|
|
Legal Form : |
Nepal Rivate Limited Company |
|
|
|
|
Line of Business : |
Manufacturers of plastic sheets pipe rods |
|
|
|
|
No. of Employee : |
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 : |
Unknown |
|
|
|
|
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 |
CIVIL PLASTIC INDUSTRIES PVT. LTD.
|
Name
of Company |
: |
CIVIL PLASTIC INDUSTRIES PVT.
LTD. |
|
Registered
Office |
: |
Nepal Gaunj, Banke, Nepal Phone : 977-1-520296/521258 Fax : 977-1-521258 |
|
Office |
: |
As above |
|
Industry |
: |
Plastics |
|
Nature
of Activity |
: |
Manufacturers of Plastic Sheets Pipe Rods |
|
Legal
Form |
: |
Nepal rivate Limited Company |
|
Corporate Identity Number (CIN) |
: |
82546 of 06/01/2000 |
|
ROC
Code |
: |
Kathmandu Nepal |
|
Registration Date |
: |
06/01/2000 |
|
PAN Number |
: |
304782909 |
|
Authorised
Capital |
: |
10,000,000/- |
|
Paid-up
Capital |
: |
1,000,000/- |
|
Auditor |
: |
S. K. Giri & Co. , Nepal |
|
Banker |
: |
Nepal Bank Limited, Nepal Grindlays Bank Ltd |
S.K. Shrestha (CEO)
Raj Agarwal
B.K. Shrestha
S.R. Agarwal
|
Authorised
Capital |
: |
10,000,000/- |
|
Paid-up
Capital |
: |
1,000,000/- |
|
Face Value |
: |
Rs. 10/- each. |
|
Last AGM |
: |
July 19, 2013 |
(Amount in Nepal
Rupees)
|
BALANCE SHEET AS AT 31.03.2013 |
||||
|
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 |
|
||
Not able to contact the company.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.37 |
|
|
1 |
Rs.98.91 |
|
Euro |
1 |
Rs.72.85 |
|
NPR |
1 |
Rs. 0.63 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
AMR |
|
|
|
|
Report Prepared
by : |
ASH |
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.