MIRA
INFORM REPORT
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Report Date : |
11.03.2013 |
IDENTIFICATION DETAILS
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Name : |
NATIONAL MOTORS |
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Registered Office : |
P.O.BOX 203, Biratnagar |
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Country : |
Nepal |
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Date of Incorporation : |
03.07.2000 |
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Legal Form : |
Proprietorship Company |
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Line of Business : |
Trader and importer of motor parts. |
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No. of Employees : |
40 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually 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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source : CIA |
Company name and address
NATIONAL MOTORS
P.O.BOX 203, Biratnagar,
Nepal
Ph: 0977721-526238,
Fax: 021-521845
Email: info@nationalmotors.biz
Years Established : 03.07.2000
Type of Concern : Proprietorship Company
Name of the Proprietor : Mr.
Sanjay Agarwal
Auditors : Mr. A Bansal & Associates
Bankers : NIB Bank, Nepal
Nabil
Bank, Nepal
Business : Trader and importer of motor parts.
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
Sales turnover (Nepal Currency)
(2010-2011: 18cr)
(2011-2012: 20cr)
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.40 |
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|
1 |
Rs.81.56 |
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Euro |
1 |
Rs.71.23 |
INFORMATION DETAILS
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Report Prepared
by : |
PDT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.