|
Report No. : |
326534 |
|
Report Date : |
16.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
LAMINAR PVT LTD. |
|
|
|
|
Registered Office : |
Jahada Road, Biratnagar 13 |
|
|
|
|
Country : |
Nepal |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
25.05.1991 |
|
|
|
|
Legal Form : |
Nepal Private Limited Company |
|
|
|
|
Line of Business : |
Subject offers Rugged Compact Monolayer Blown Film Lines with Best
Combination of Technology and Performance. |
|
|
|
|
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 : |
Slow but correct |
|
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
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 amp up Nepal’s hydropower
potential.
|
Source
: CIA |
|
Enquired Name |
: |
LAMINAR PVT LTD. |
|
Correct Name of
Company |
: |
LAMINAR PVT LTD. |
|
Registered
Office |
: |
Jahada Road, Biratnagar 13, Nepal E-mail: info@ppilam.com |
|
Contact Nos |
|
021-528752, 530092, 523572 |
|
Industry |
: |
Packing |
|
Nature of
Activity |
: |
Company offers rugged Compact Monolayer Blown Film Lines with best
combination of technology and performance. These low investment, power
efficient, high - speed plants, gives processors the competitive edge and
quick return on their investment. Monolayer lines give higher specific output
per screw RPM and is offered with grooved feed technology for forward
movement of raw material and Candle type screen changer which ensuring
wastage control and long production runs. The line is equipped an extruder with special design barrier screws
for best homogeneous melt and equiiped to manufacture LLDPE tubings for FLAT and CYLINDRICAL
drippers. |
|
PAN |
: |
300037575 |
Legal Form
|
: |
Nepal Private Limited Company |
Corporate Identity Number
(CIN)
|
: |
4115 |
ROC Code
|
: |
Kathmundu |
|
Registration Date |
: |
May, 25, 1991 |
Issuing Authority
|
: |
Registrar of Companies (ROC), KATHMANDU |
|
Auditor |
: |
M.C Karki & Co. Kathmandu,Nepal |
Mr. Kamal Kishore
Rathi
Mr. S. K. Rathi
Mr. A. K. Gaigar
|
Authorised Capital : 10,000,000/- (1,000,000 Equity Shares of Rs.100/-
each) |
||||
|
Paidup : 7,500,000/- (75,000 of Rs.100/- each) |
||||
|
BALANCE SHEET AS
AT 31.03.2013 |
||||
|
Liabilities |
Amount (Rs.) |
|
Assets |
Amount (Rs.) |
|
|
|
|
|
|
|
Paid up Capital |
7,500,000 |
|
Fixed Assets |
22,746,627 |
|
Reserve & Surplus |
3,893,729 |
|
Capital Work in Progress |
569,380 |
|
Secured Loan |
24,127,815 |
|
Inventories |
5,844,414 |
|
Unsecured Loan |
25,918,695 |
|
Sundry Debtors |
19,928,556 |
|
Deffered Tax |
2,976,081 |
|
Cash & Bank |
4,090,746 |
|
Current Liabilities & Prov. |
11,496,077 |
|
Loans & Advances |
2,716,474 |
|
|
|
|
Miescellaneous Expenses |
16,200 |
|
|
|
|
Invesments |
20,000,000 |
|
Total |
75,912,397 |
|
|
75,912,397 |
|
|
|
|
|
|
|
|
Rs. |
|
||
|
Sales |
78,994,396 |
|
||
|
Profit Before
Tax |
614,266 |
|
||
|
Profit After Tax |
191,795 |
|
||
|
|
|
|
|
|
|
BALANCE SHEET AS
AT 31.03.2012 |
||||
|
Liabilities |
Amount (Rs.) |
|
Assets |
Amount (Rs.) |
|
|
|
|
|
|
|
Paid up Capital |
7,500,000 |
|
Fixed Assets |
15,747,987 |
|
Reserve & Surplus |
4,085,524 |
|
Inventories |
19,564,866 |
|
Secured Loan |
13,944,761 |
|
Sundry Debtors |
21,288,392 |
|
Unsecured Loan |
23,025,310 |
|
Cash & Bank |
2,936,484 |
|
Deffered Tax |
2,323,462 |
|
Loans & Advances |
1,863,471 |
|
Current Liabilities & Prov. |
10,546,443 |
|
Miescellaneous Expenses |
24,300 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
61,425,500 |
|
Total |
61,425,500 |
|
|
|
|
|
|
|
Sales |
47,029,273 |
|
||
|
Profit Before
Tax |
1,182,580 |
|
||
|
Profit After Tax |
653,077 |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.09 |
|
|
1 |
Rs.99.57 |
|
Euro |
1 |
Rs.71.84 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
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.