Financial Capacity

Annual turnover in the last Five years is as follows.

Fiscal Years Turnovers (.) Annual Growth
Nepali Gregorian NRs million US$ million
2074/2075 2017/018 21.25 0.193  -47.49%
2073/2074 2016/017 40.47 0.393  -18.01%
2072/2073 2015/016 49.36 0.495  21.5%
2071/2072 2014/015 62.92 0.599 36.70%
2070/2071 2013/014 37.91 0.379 -0.64%

  MULTI has a firm and stable financial basis, which allows for a smooth and effective undertaking of the projects. The company’s access to credit facilities exceed over NRs. 10 million. The Company’s accounting system is highly developed and advanced computer software is used. The annual turnover, assets and liabilities of the company for the last five (5) years based on the audited report summarized in the following table. Financial Statement of MULTI (expressed in NPR)

S.No Particulars F/Y 074/75  2017/2018 F/Y 073/74 2016/2017 F/Y 072/73 2015/2016 F/Y 071/72 2014/2015 F/Y 070/71 2013/2014
Capital Structure:
 1. Authorized Capital 10,000,000.00 10,000,000 10,000,000  10,000,000  10,000,000
 2.  Issued Capital 8,000,000.00 8,000,000 8,000,000  8,000,000  8,000,000 
 3.  Paid up Capital 3,643,100.00 3,643,100 3,643,100 3,643,100  3,643,100
Operations:
4. Annual Turnover (Single Handed) 21,250,921.93  40,169,540.26 49,360,582 62,928,277.51 36,306,047
 Annual Turnover (J/V)    
  Total Turnover   62,928,277.51 36,306,047
  Less: Project Expenses 7,749,834.44 21,709,507.26 9,877,335.45 43975171.91 21835145.58
  Less: Operation Expenses 13,424,248.50 11,394,966.50 10,043,069.73 10945497.86 11456482.18
5. Operation Profit 76,838.99 6,317,383.47 1,735,127.32 8007607.74 3014419.38
  Less: Provisional Income Taxes 109,805.31 1,676,754.64 6,471,280.62 1730030.93 753604.85
6. Add: Income from J/V Projects     1610082.97 
7. Annual Net Profit  76,838.99 4,066,330.24 19,041,324.19 4036168.99 2220328.35
Financial Position:
8. Total Assets  36,037,516.14 42,075,367.63 34264507.73 31640175.23
9. Current Assets 27,621,336.24  33,876,705.12 42,686,584.02 23968502.58 20068048.39
  Less: Other Current Liabilities 8,245,211.83  13,795,108.61 17,875,481.16 21,737,660.04 22,040,164.00
10. Working Capital 19,376,124,41  18,404,850.87 24,811,103.06 2,230,842.54- 1,972,115.61
11. Retained earnings upto last year 23,384,741.02  29,595,944.81 10,554,620.62 5,440,405.82 2,757,560.87
12. Retained earnings 764,463.29  5,655,011.21 29,595,944.81 8,805,863.81 7,050,488.79
13. Total liabilities 24,149,204.31  38,432,267.63 17,875,481.16 21,815,543.92 29,090,652.79
14. Net Worth of the Company 27,792,304.31  28,280,259.02 33,239,044.81 12,448,963.81 10,693,588.79
15. Book Value per Share 762.88  776.27 912.38 341.71 293.53

There are two financial institutions supporting to the MULTI as major source of finance. They are: Central Finance Ltd. and Himalayan Bank Ltd., Pulchowk Branch. The Central Finance Ltd. provides loans against security of provident fund, gratuity fund medical fund with amount of NRs. 28 millions. Similarly, the second source, the Himalayan Bank Ltd., Pulchowk Branch provides loan and collateral mortgage total amounting NPR. 6.0 million Similarly, the company has also access to trading loan limited to NPR 1million without any securities and payable against Project Contract.