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MIRA INFORM REPORT
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Report No. : |
503942 |
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Report Date : |
03.05.2018 |
IDENTIFICATION DETAILS
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Name : |
VIJAYA IRON & STEEL PVT. LTD. |
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Registered Office : |
Shivraj 7, Kapilvastu |
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Country : |
Nepal |
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Financials (as on) : |
15.07.2017 |
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Date of Incorporation : |
11.02.1959 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Subject is Working in Steel Products Business
Activities. |
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No. of Employees : |
300 |
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 : |
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
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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
Identification Details
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Enquired Name |
: |
VIJAYA IRON & STEEL PVT. LTD. |
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Correct Name of
Company |
: |
VIJAYA IRON & STEEL PVT. LTD. |
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Registered
Office |
: |
Shivraj 7, Kapilvastu, Nepal |
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Telephone No. |
: |
605991653 |
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Industry |
: |
Iron & Steel |
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Nature of Activity |
: |
Vijaya Iron & Steel Pvt. Ltd Company is
working in Steel Products business activities. |
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Director |
: |
A
Murarkar D.
Murarkar R.
Murarkar |
Official
Company Data
|
Legal Form |
: |
Private Limited Company |
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Corporate Identity Number (CIN) |
: |
1640 |
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ROC Code |
: |
Kathmandu |
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Registration
Date |
: |
11-02-1959 |
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Issuing
Authority |
: |
Registrar of Companies |
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Employee |
: |
300 |
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Auditor |
: |
AUDITORS G. Chatterjee, Kathmandu, Nepal. |
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Bankers |
: |
Nepal SBI Ltd., Kathamndu, Nepal. Nepal Grindlays Bank , Kathmandu, Nepal Bank of Kathmandu, Nepal Nepal Arab Bank Ltd. |
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Factory |
: |
As above. |
Financial
Authorised Capital : 6,000,000 mln
Balance Sheet
(Amount
in Rupees Mln.)
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BALANCE SHEET AS AT 15.07.2017 |
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Liabilities |
Amount (Rs.) |
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Assets |
Amount (Rs.) |
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Paid up Capital |
1,000,000 |
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Fixed Assets |
10,947 |
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Reserve & Surplus |
10,618,987 |
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Investments |
3,000,000 |
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Deffered Tax |
8,944 |
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Loans & Advances |
15,348,954 |
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Current Liabilities & Prov. |
13,481,829 |
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Cash & Bank |
6,749,859 |
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Total |
25,109,760 |
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25,109,760 |
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Rs. |
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Sales |
21,036,920 |
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Profit before Tax |
10,382,600 |
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Profit after Tax |
6,568,911 |
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INFORMATION
DENIED
Unable to contact the company. [+977-605991653]
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 66.66 |
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1 |
INR 90.66 |
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Euro |
1 |
INR 80.00 |
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NPR |
1 |
INR 0.62 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Information
Gathered by : |
SPA |
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Analysis Done by
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VAR |
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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.