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Report No. : |
308866 |
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Report Date : |
24.02.2015 |
IDENTIFICATION DETAILS
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Name : |
VEIOVIS LIFESCIENCES P. LTD. |
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Registered Office : |
27, Sungabha Marg, Teku, Opp. Everest Bank, 2nd Floor, Kathmandu |
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Country : |
Nepal |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
Not Available |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Subject is engaged in Pharmaceutical Business. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 50000 |
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Status : |
Satisfactory |
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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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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Nepal |
B1 |
B1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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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. 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 |
VEIOVIS LIFESCIENCES P.LTD.
27, Sungabha Marg, Teku,
Opp. Everest Bank, 2nd Floor,
Kathmandu, Nepal
Ph: 009771- 4225360, 009771- 4216154
Fax 009771- 4249461
Mob: 00977-9851021528
It is a private limited company incorporated at Kathmandu under His
Majesty Govt.
Act No.68422 of 24.8.2011
1. Bijay Agrawal
2. Ajay
Agarwal
3. Sanjay
Agarwal
1. Nepal Grindlays Bank,
Kathmandu (Nepal)
Directors and Their relative holds 60% all shares.
Foreign holds 40%
N. Tuladhar & Co., New Road., Kathmandu (Nepal)
This section contains Medicine institutions
like: Medicine (related) Universities, Medicine
Organizations, Medicine Registration Authorities, Organizers,
Publishers.
Institutions are listed in this section with a comprehensive listing
of contact details and a summary of activities. Your institution can be listed
today for free.
Koria, Singapore
& Holland
Authorised Capital
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: |
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10,000,000/- |
Paid-up Capital
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: |
1,000,000/-
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Face Value
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:
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Rs. 10/- each. |
Last
AGM:
July 19, 2013 |
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Balance Sheet (Amount in Rupees Mln.)
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Payments are reported to be correct and regular as per commitments. Trade relations are fair. Business may be done on meright.
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Name : |
Mr. Bijay Agrawal |
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Designation : |
Director |
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Contact No.: |
00977-9851021528 |
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Date : |
21.02.2015 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.18 |
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1 |
Rs.95.71 |
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Euro |
1 |
Rs.70.75 |
INFORMATION DETAILS
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Information
Gathered by : |
JML |
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.