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Report No. : |
323572 |
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Report Date : |
23.05.2015 |
IDENTIFICATION DETAILS
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Name : |
SUPER LAMICOATS (PVT.) LTD. |
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Registered Office : |
Putalisadak, GPO Box: 623, Radhakuti Arcade, Kathmandu |
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Country : |
Nepal |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
07.03.1996 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Subject is manufacturer of flexible packing products and printed poly
coated paper. |
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No. of Employee : |
122 |
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) |
|
Nepal |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
|
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 and 2014. Nepal and India signed trade and investment agreements in 2014 that will amp up Nepal’s hydropower potential.
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Source
: CIA |
SUPER LAMICOATS
(PVT.) LTD.
Country: Nepal
Address (Registered Office aand Factory) :
Putalisadak, GPO Box: 623, Radhakuti Arcade, Kathmandu, Nepal
Telephone:
International Area Code: 977
Phone: 4411187-4412268
(+977-4411187-4412268)
Fax: 4412961
(+977-4412961)
Mobile : +977-9803190090
Mr. (Roshan)
Email: super@mcnepal.com
|
Area : |
2000 Sq. Ft. |
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Location : |
Commercial |
It is a private limited company incorporated at Kathmandu under His
Majesty Govt.
Act No.101967 of 07.03.1996.
PAN No. : 300006197
1. MR. ASHOK TODI
2. MR. TUSHAR TODI
5. MR. SUBODH TODI
1. Nepal Indo-Swiss Bank Limited,
Kathmandu (Nepal)
2.
Nepal Grindlays Bank, Kathmandu (Nepal)
3.
Standard Chartered Bank Nepal Limited (Nepal)
4.
Naya Banesnwor, Kathmandu, Nepal
M/B K Agarwal & Co., Putli Sadak., Kathmandu (Nepal)
The Subject is manufacturer of flexible packing products and printed
poly coated paper.
Manufacturer, Trading Company, Buying Office
Super Lamicoats Pvt. Ltd. is the leading flexible packaging producer
unit of Nepal. It is a part of Madanlal Chiranjilal Group of Companies
(MC-Group), one of the most trusted business houses of Nepal. Super Lamicoats
Pvt. Ltd. started operations more than 10 years and is supplying packaging
material to all the leading multinational companies of Nepal. The factory is
located at Hetauda Industrial District and the Head Office is in Kathmandu.
Polyester Film,BoPP Film,Paper,Bothside Coated Paper,Stiffner
Papaer,PhotoCopy Paper,Adhesive for Lamination,MIBK,EthylAcetate,Toulene
Payment Terms (Selling and Purchasing): Cash and Credit
Type of customers: Others
Employees: 122
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Authorised Capital :20,000,000/- (2,000,000 Equity Shares of Rs.10/-
each) |
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Paidup : 4,300,000/- (430,000 of Rs.10/- each) |
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BALANCE SHEET AS
AT 31.03.2013 |
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Liabilities |
Amount (Rs.) |
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Assets |
Amount (Rs.) |
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Paid up Capital |
4,300,000 |
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Fixed Assets |
11,350,828 |
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Reserve & Surplus |
29,279,253 |
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Investments |
761,180 |
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Loan Funds |
32,423,433 |
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Inventories |
92,148,571 |
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Deffered Tax |
974,516 |
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Sundry Debtors |
34,354,352 |
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Current Liabilities & Provs. |
93,949,463 |
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Cash & Bank |
12,786,597 |
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Loans & Advances |
9,525,137 |
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Total |
160,926,665 |
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160,926,665 |
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Rs. |
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Sales |
441,510,359 |
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Profit Before
Tax |
5,861,892 |
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Profit After Tax |
3,811,892 |
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BALANCE SHEET AS
AT 31.03.2012 |
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Liabilities |
Amount (Rs.) |
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Assets |
Amount (Rs.) |
|
|
|
|
|
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Paid up Capital |
4,300,000 |
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Fixed Assets |
9,457,117 |
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Reserve & Surplus |
26,081,290 |
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Investments |
153,500 |
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Loan Funds |
27,010,347 |
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Inventories |
73,754,839 |
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Deffered Tax |
850,895 |
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Sundry Debtors |
24,044,290 |
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Current Liabilities & Prov. |
58,242,537 |
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Cash & Bank |
9,047,823 |
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Miscellaneous Exps. |
27,500 |
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Loans & Advances |
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|
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Total |
116,485,069 |
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Total |
116,485,069 |
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Sales |
403,950,274 |
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Profit Before
Tax |
4,480,250 |
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Profit After Tax |
3,380,250 |
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Well established, respectable and reputed concern. Payments are reported
to be correct and regular as per commitments.
Trade relations are fair. Business may be done at usual trade terms
& condition.
|
Name : |
Mr. Balaram Karki |
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Designation : |
Senior Manager |
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Contact No.: |
000977-9851086620 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.57 |
|
|
1 |
Rs.99.67 |
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Euro |
1 |
Rs.70.93 |
INFORMATION DETAILS
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Information
Gathered by : |
NYN |
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
ASH |
RATING EXPLANATIONS
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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 |
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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 |
|
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 |
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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 |
-- |
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.