MIRA INFORM REPORT

 

 

Report Date :           

16.04.2012

 

IDENTIFICATION DETAILS

 

Name :

NATIONAL MOTORS 

 

 

Registered Office :

P.O .Box 203, Biratnagar

 

 

Country :

Nepal

 

 

Date of Incorporation :

03.07.2000

 

 

Legal Form :

Partnership

 

 

Line of Business :

distributors for Goodyear Tyre & Rubber Company

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

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 – March 31st, 2012

 

Country Name

Previous Rating

                   (31.12.2011)                  

Current Rating

(31.03.2012)

Nepal

b1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address 

 

NATIONAL MOTORS 
P.O.BOX 203, Biratnagar, 
Nepal 
Ph: 021-526238, Fax: 021-521845
Email:               info@nationalmotors.biz

                        sanjay@brt.wlink.com.np

 

 

company summary

 

Years Established          :           03.07.2000

 

Type of Concern             :           Partnership

 

Name of the Partners     :           Ratan Bhandari

 

Auditors                                    :           Sanjay Autowal

                                                            B.K. Agarwal

 

Bankers                                    :           Nepal Grindlays Bank Ltd., Birarnagar, Nepal

                                                            Nepal Bank Ltd, Birarnagar, Nepal

                                                           

 

Business:                                  M/s National Motors are distributors for Goodyear Tyre & Rubber Company USA, and they are importing tyres, tubes from Thailand, Indonesia, Malaysia, Canada, Philippines, Australia, India, and GS Batteries from Indonesia. They are the sole distributors for Swaraj Mazda light commercial vehicles for the Kingdom of Nepal and have been successful in penetrating the market to get convincing share of sales through their strong infrastructure set up and energetic young personals, and intensive contacts at personal levels. We are very proud to say that in a very short span of 8 years we have been able to take Swaraj Mazda to the number one selling LCVs in the Kingdom of Nepal. We are also representing PIDILITE INDUSTRIES LTD (FEVICOL DIVISION) for Eastern Nepal. National Motors has branches at Kathmandu, Birgunj, Nepalgunj, Birtamod, Janakpur, Pokhra & Butwal. 

 

Products

 

Light Commercial Vehicles  

·         Goodyear Tyres 

·         Baba Paints 

·         G.S. Batteries 

·         Ohayo Batteries

Financial

Working Capital- Nep. Rs. 3 Core.

Sales-               Nep. Rs 5 Core. (2010)

Sales-               Nep. Rs.6 Core. (2011)

Projected          Nep. Rs.8 Core. (2012)

 

 

Remarks                                        :      Well established, respectable, payments are reported to be correct and

                                                            regular as per commitments, trade relations are fair, consider good for

normal business engagements at usual trade terms and conditions. Business may be done. Business may be done medium.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.42

UK Pound

1

Rs.81.93

Euro

1

Rs.67.67

 

 

RATING EXPLANATIONS

 

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

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

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

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.