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MIRA INFORM REPORT
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Report No. : |
507195 |
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Report Date : |
15.05.2018 |
IDENTIFICATION DETAILS
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Name : |
NCELL PVT. LTD. |
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Registered Office : |
Krishna Towers,
New Baneshwor, Kathmandu-10 |
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Country : |
Nepal |
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Financials (as on) : |
15.07.2016 |
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Date of Incorporation : |
05.05.2004 |
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Com. Reg. No.: |
76152 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Sales & Imports Mobile Service |
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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 : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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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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Name |
NCELL PVT. LTD. |
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Office Address |
Krishna
Towers, New Baneshwor, Kathmandu-10 |
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Registered no. |
76152 of 05.05.2004 |
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Phone No |
+977 9805554444 |
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Fax No |
+977 9805554442 |
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E-Mail |
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Other Addresses |
Opposite Namaste Supermarket, Pulchowk,
Kathmandu Opposite Naulo Ghumti, Srijana Chowk,
Pokhara Opposite Shani Mandir, Dharan Road,
Biratnagar Opposite Banepa Municipality, Way to Mayur
Hall, Banepa Opposite Shiva Chowk, Janakpur Lalitpur Sub Metropolitan City Ward No. 4
Nakkhu Phone : 977980555444 |
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History of the Company |
It is a private limited company incorporated at Kathmandu, Nepal. |
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Directors |
Amar Sthapit Ananda Raj Khanal P.M.Sreshtha P. K. Ratna |
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Banker with Branch |
Nepal Bank Ltd., Dharmapath, P.O. Box-36, Kathmandu, Nepal Rastriya Banijo Bank, Kathmandu, Nepal Nepal Grindlays Bank Ltd |
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Facility from Bank |
Unlimited |
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Activities |
Sales & imports mobile service |
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Terms : Local Purchase |
Cash Only Cash or 90 days credit |
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Import |
Mobile & Accessories |
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Terms : Local Sales |
Cash |
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Main Suppliers |
Local |
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Employees |
300 nos. |
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Business |
General inquiry New SIM GPRS and MMS setting PRBT setting Detailed call report Virtual Fund Transfer Recharge through recharge cards Bill payment Roaming Change SIM (Postpaid and Prepaid) Number change (Postpaid and Prepaid) |
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Premises Owned/ Rented |
Owned & City Office 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 |
Financials
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Ncell Pvt. Ltd. |
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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 |
1,987,000 |
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Investments |
2,530,000 |
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Sundry Creditor |
1,782,000 |
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Cash at Bank |
1,829,000 |
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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 |
16,759,000 |
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16,759,000 |
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Nep Rs. |
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Sales |
95,486,385 |
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Profit Before Tax |
90,529,000 |
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Profit After Tax |
61,572,192 |
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·
Major Share Holders
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Directors & relatives
hold major shares.
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Payments are reported to
slow but correct.
INFORMATION
DENIED
Management non co-operative [00977-9805554444 / 9805554330 / 332 / 333 /
334 / 335 - Ringing]
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.32 |
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1 |
INR 91.25 |
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Euro |
1 |
INR 80.50 |
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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 : |
SVA |
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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
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Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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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.