MIRA INFORM REPORT

 

 

Report Date :

03.11.2012

 

IDENTIFICATION DETAILS

 

Name :

PASHUPATI SALES CONCERN

 

 

Registered Office :

Birat Nagar – 16, Ramnath Marg

 

 

Country :

Nepal

 

 

Date of Incorporation :

05.07.2003

 

 

Legal Form :

Proprietory Concern

 

 

Line of Business :

manufacturer and exporter for pashmina shawls, stoles, scarves, water shawls, stoles, scarves, and we take order in any kind of pashmina's items. And animal Feeds

 

 

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

Nepal

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Nepal - ECONOMIC OVERVIEW

 

Nepal is among the poorest and least developed countries in the world, with with about one-third of its population living below the poverty line. Agriculture is the mainstay of the economy, providing a livelihood for three-fourths of the population and accounting for about 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 feasible capacity, but political instability hampers foreign investment. Additional challenges to Nepal's growth include its landlocked geographic location, civil strife and labor unrest, and its susceptibility to natural disaster.

 

Source : CIA

 

Concern name & address 

 

Pashupati Sales Concern

Address :          Birat Nagar – 16, Ramnath Marg, Nepal.

Phone :             977-21-471291 / 977 8952025891

 

 

Concern profile

 

Years Established                      :           05.07.2003

 

Type of Concern             :           Proprietory

 

PAN No.                                   :           303329219

 

Name of the Partners                 :           S. K. Bharma

 

Auditors                                    :           Mr. S.R. Srestha & associates

 

Bankers                                    :           Nepal Grindlays Bank Ltd., Nepal

                                                            Nepal Bank Ltd., Nepal

 

 

Business                                   :            They are manufacturer and exporter for pashmina shawls,

stoles, scarves, water shawls, stoles, scarves, and we take order in any kind of pashmina's items. And animal Feeds.

 

Financial

Working Capital-            Nep. Rs. 5 Crores

Sales-                           Nep. Rs 7 Crores. (2011)

Sales-                           Nep. Rs.9 Crores. (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 at usual trade terms & conditions. Business may be done USD 1,25,000.00 Bank Guarantee only.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.66

UK Pound

1

Rs.86.37

Euro

1

Rs.69.24

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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%)

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