MIRA INFORM REPORT

 

 

Report No. :

327507

Report Date :

23.06.2015

 

IDENTIFICATION DETAILS

 

Name :

NIMBUS HOLDINGS PVT. LTD

 

 

Registered Office :

KUK Building- 3rd Floor, Sinamangal, GPO Box: 5751 Kathmandu

 

 

Country :

Nepal

 

 

Financials (as on) :

15.07.2013

 

 

Date of Incorporation :

05.12.2009

 

 

Legal Form :

Nepal Private Limited Company

 

 

Line of Business :

Subject is an investment company created with the aim of providing management and consultancy support in the areas of Human Resource, Marketing, Administration, Legal, Finance, and other common functions to companies under its management and outside.

 

 

No. of Employee :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No complaints

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 amp up Nepal’s hydropower potential.

 

Source : CIA

Company Identification Details

 

Enquired Name

:

NIMBUS

Correct Name of Company

:

NIMBUS HOLDINGS PVT. LTD

Registered Office

:

Address:  KUK Building- 3rd Floor
                  Sinamangal
                 GPO Box: 5751 Kathmandu
Email :     corporate@nimbusnepal.com
Tel :          +977 1 4467791
Fax :         +977 1 4467795

 

Industry

:

Marketing

Nature of Activity

:

NIMBUS Holdings Pvt. Ltd is an investment company created with the aim of providing management and consultancy support in the areas of Human Resource, Marketing, Administration, Legal, Finance, and other common functions to companies under its management and outside.

 

 

 

Official Company Data

 

Legal Form

:

Nepal Private Limited Company

Corporate Identity Number (CIN)

:

76020

PAN

:

Incorporation No.

:

76020

ROC Code 

:

Kathmundu

Registration Date

:

05-12-09

Issuing Authority

Registrar of Companies (ROC), KATHMANDU

Authorized Share Capital

:             

Authorised Capital : 10,000,000/- (1,000,000 Equity Shares of Rs.10/- each)

Issued, Subscribed & Paid Up Capital

:

Paidup : 1,000,000/- (100,000 of Rs.10/- each)

Business Activity / Product

:

BUSINESS :

Description

·         Agribusiness & Animal Nutrition

·         Chemicals

·         Poly Woven Fabric Production

·         Trading & Distribution

Auditor

:

J.K. Sreshtha

Kathmandu,Nepal.

Banker

:

Nepal Rastya Bank Ltd.

 

 

Board of Directors

 

Chairman : Jagdish Prasad Agrawal

Managing Director : Anand Bagaria

Executive Director : Umang Bagaria

 

 

Capitalization Structure

 

Authorized Share Capital

:             

Authorised Capital : 10,000,000/- (1,000,000 Equity Shares of Rs.10/- each)

Issued, Subscribed & Paid Up Capital

:

Paidup : 1,000,000/- (100,000 of Rs.10/- each)

Face Value

:

Rs. 10/- each.

Last AGM

:

July 15, 2013

 

 

 

Balance Sheet

                                                                                    (Amount in Rupees Mln.)

 

BALANCE SHEET AS AT 15.07.2013

Liabilities

Amount (Rs.)

 

Assets

Amount (Rs.)

 

 

 

 

 

Paid up Capital

1,000,000

 

Fixed Assets

10,947

Reserve & Surplus

12,618,987

 

Investments

5,000,000

Deffered Tax

18,944

 

Loans & Advances

16,658,954

Current Liabilities & Prov.

15,981,829

 

Cash & Bank

7,949,859

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

29,619,760

 

 

29,619,760

 

 

 

 

 

 

Rs.

 

Sales

35,126,120

 

Profit before Tax

22,623,500

 

Profit after Tax

9,865,216

 

 

 

 

 

 

 

 

End of Report

 

This report, based on reliable reported information and prepared with utmost care, is given without any specific objective of the person using it. TCC does not at all accept any direct/ consequential loss arising from this report.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.51

UK Pound

1

Rs.100.94

Euro

1

Rs.72.32

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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%)

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.