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Report No. : |
311617 |
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Report Date : |
28.03.2015 |
IDENTIFICATION DETAILS
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Name : |
Sansar Polymers Pvt. Ltd
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Registered Office : |
Mangalpur-5, Chitwan |
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Country : |
Nepal |
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Date of Incorporation : |
2012 |
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Legal Form : |
Private Company |
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Line of Business : |
Subject is engaged in manufacturing, exporting and supplying a wide
range of Water Storage Tank /PPRC Pipes and Fittings. |
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No. of Employees : |
26 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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
|
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 |
· Mobile : 977601159299
History :
It is a private limited
company incorporated at Kathmandu under His Majesty Govt.
Act
No.82315 of 03.02.2012
Directors : 1. Mr.
Dinup Kumar Baral (Chairman)
2.
Mr. S. K. Bagari (M.D.)
3.
K.M. Sreshtha (Director)
Bankers : 1. Nepal Bank Ltd., Kathmandu (Nepal)
2.
Bank of Kathmandu, Kathmandu (Nepal)
Auditors: S. K. Shrestha &
Co., New Road., Kathmandu (Nepal)
Business: Founded
in year 2012, “M/S SANSAR
POLYMERS PVT. LTD.” is a professionally managed company
engaged in manufacturing, exporting and supplying a wide range of Water Storage Tank /PPRC Pipes and
Fittings. These products are carefully designed using latest
technology from the quality proven materials. Each and every range delivered
only after the rigorous inspection to ensure superior quality and high utility.
They
have with us advanced manufacturing facility, testing facility, capacious
warehousing and highly experienced team of professionals enabling us to meet
the requirement of their valued clients. The client centric approach along with
quality products and timely delivery of the range are our prime objectives.
Moreover,
they have total faith in their diligent and disciplined team of professional
who have helped them in supplying world class products with timely delivery.
Trade trams : India
Total Staff : 26
Financial:
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Authorised Capital : 5,000,000/- (50,000 Equity Shares of NP.Rs.100/-
each) |
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Paidup : 4,670,400/- (46,704 of NP.Rs.100/- each) |
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Unable to contact [977601159299]
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.61 |
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1 |
Rs.92.95 |
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Euro |
1 |
Rs.68.15 |
INFORMATION DETAILS
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Information
Gathered by : |
JML |
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Analysis Done by
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SUB |
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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.