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MIRA INFORM REPORT
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Report No. : |
492383 |
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Report Date : |
26.02.2018 |
IDENTIFICATION DETAILS
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Name : |
ACCURE HEALTH CARE PVT LTD |
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Registered Office : |
Tripureshwor Plaza, 3rd Floor, Tripureshwor
Kathmandu |
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Country : |
Nepal |
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Financials (as on) : |
15.07.2016 |
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Date of Incorporation : |
09.02.2009 |
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Com. Reg. No.: |
25739 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Sales & Services of All Types of Medical
Equipment’s. |
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No. of Employees : |
10 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
NEPAL - ECONOMIC OVERVIEW
Nepal is among the 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 30% of GDP. Agriculture is
the mainstay of the economy, providing a livelihood for almost two-thirds of
the population but accounting for only 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. Nepal and India
signed trade and investment agreements in 2014 that increase Nepal’s hydropower
potential, but political uncertainty and a difficult business climate have
hampered foreign investment.
Nepal was hit by massive earthquakes in early 2015, which damaged or
destroyed infrastructure and homes and set back economic development. Political
gridlock in the past several years and recent public protests, predominantly in
the southern Tarai region, have hindered post-earthquake recovery and prevented
much-needed economic reform. Additional challenges to Nepal's growth include
its landlocked geographic location, persistent power shortages, and
underdeveloped transportation infrastructure.
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Source
: CIA |
Company
summary
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Registered No. |
25739 of 09.02.2009 |
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Phone No |
+9751064717, +97712021988 |
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E-Mail |
info@accurehealthcare.com |
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History of the Company |
It is a private limited company incorporated at Kathmandu, Nepal. |
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Directors |
Pramod Kumar Rajesh Jha S B Thapa K K Agrawal R Bada |
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Banker with Branch |
Nepal Bank Ltd., Kathmandu, Nepal Nepal Grindlays Bank Ltd, Kathmandu, Nepal |
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Facility from Bank |
Unlimited |
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Activities |
Sales & Services of All Types of Medical
Equipment’s |
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Employees |
10 Nos. |
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Premises Owned/ Rented |
Rented |
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Financial |
Enclosed Balance Sheet as on 15.07.2016 |
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Auditor |
M/s R B Srestha, New Road, Kathmandu, Nepal |
Balance
Sheet
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Authorised
Capital : 10,000,000/- (100,000 Equity Shares of Rs.10/- each) |
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Paidup : 10,000,000/-
(100,000 Equity Shares of Rs.10/- each) |
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BALANCE SHEET AS AT 15.07.2016 |
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Liabilities |
Amount (Nep Rs.) |
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Assets |
Amount (Nep Rs.) |
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Paid up Capital |
10,000,000 |
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Fixed Assets |
11,169,000 |
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Reserve &
Surplus |
987,000 |
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Investments |
1,530,000 |
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Sundry Creditor |
782,000 |
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Cash at Bank |
829,000 |
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Other
Liabilities |
2,733,000 |
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Sundry Debtors |
362,000 |
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Provisions |
257,000 |
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Cash in hand |
869,000 |
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Total |
14,759,000 |
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14,759,000 |
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Nep Rs. |
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Sales |
89,486,385 |
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Profit Before Tax |
87,529,000 |
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Profit After Tax |
59,572,192 |
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Well established respectable and reputed
concern. Payments are reported to slow
but correct.
INFORMATION
DENIED
Management non-co-operative [977-9751064717 /
12021988]
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.82 |
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1 |
INR 90.40 |
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Euro |
1 |
INR 79.76 |
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NPR |
1 |
INR 0.63 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Information
Gathered by : |
KMN |
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Analysis Done by
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PRI |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.