MIRA INFORM REPORT

 

 

Report Date :

11.04.2014

 

IDENTIFICATION DETAILS

 

Name :

B. R. TRADING 

 

 

Registered Office :

Bardia, Nepalgunj, Bheri Zone

 

 

Country :

Nepal

 

 

Date of Incorporation :

05.03.2003

 

 

Legal Form :

Proprietory Concern

 

 

Line of Business :

Engaged in trading House, Handicraft, Knit Ware, Curio & Carpet

 

 

No. of Employees

09

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown 

 

 

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 – december 01, 2013

 

Country Name

Previous Rating

(30.09.2013)

Current Rating

(01.12.2013)

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 about one-quarter of its population living below the poverty line. Nepal is heavily dependent on remittances, which amount to as much as 22-25% of GDP. Agriculture is the mainstay of the economy, providing a livelihood for more than 70% of the population and accounting for a little over 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, but political uncertainty and a difficult business climate have hampered foreign investment. Additional challenges to Nepal's growth include its landlocked geographic location, persistent power shortages, underdeveloped transportation infrastructure, civil strife and labor unrest, and its susceptibility to natural disaster. The lack of political consensus in the past several years has delayed national budgets and prevented much-needed economic reform, although the government passed a full budget in 2013.

 

Source : CIA

 

Company name

 

B. R. Trading

 

 

Company address

 

Bardia, Nepalgunj, Bheri Zone, Nepal

Telephone No.               :           520226

Fax                               :           56266

Email                            :           sijal@mos.com.np

 

 

Company summary

 

Year Established                                   :           05.03.2003

 

Legal Status                                          :           Proprietory Concern

 

Name of Proprietor                                 :           Mr. Sijal Tuladhar

 

Auditors                                                :           A. K. Shrestha & Co.

 

Staff                                                      :           9 nos.

                                               

Bankers                                                :           Everest Bank Ltd., New Road Branch, Kathmandu.

 

Office Space                                          :           1200 sq.ft. is owned.

 

Business                                                           :           Engaged in trading House, Handicraft, Knit Ware, Curio &

Carpet.

 

Finance                                                 :           Present Working Capital – Rs.3.00 crores.

 

                                                                        Sales (2011)                              :           Rs. 3.5  crores.                                                                                      Sales (2012)                              :           Rs. 6.7  crores.

                                                                        Sales (2013)                              :           Rs. 7.8 crores.

                                                                       

 

Trading Terms                                        :           Purchase          -           L/C – 30 days

                                                                                                            Credit – 30 days

 

                                                                        Sales                -           L/C – 30 days

                                                                                                            Credit – 30 days

                                   


FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.21

UK Pound

1

Rs.101.05

Euro

1

Rs.83.33

                

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

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.