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Report Date : |
23.04.2014 |
IDENTIFICATION DETAILS
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Name : |
KALPANA CRAFT |
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Registered Office : |
Lalitpur, P.O. Box No. 8975, EPC 2924 |
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Country : |
Nepal |
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Date of Incorporation : |
03.02.2006 |
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Com. Reg. No.: |
302544509 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Manufacturer & Exporters of Felt products including handmade shoes and slipper made up of 100% sheep’s wool depend upon costumer’s designs or requirement. Subject product
ranges includes :- ·
Felt
Carpets ·
Felt Bag ·
Felt Purse ·
Shoes & Slipper · Felt Balls / Felt Beads |
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No of Employees : |
120 |
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 : |
No Complaints |
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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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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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 Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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.
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Source
: CIA |
Kalpana Craft
Lalitpur
P.O. Box No. 8975, EPC
2924
Nepal
Office Phone +977 1 5544440
Mobile Telephone +977-9851071601
(Mr. Amrit),
E-Mail Id: kalpanacraft@gmail.com
Years Established : 03.02.2006
Type of Concern : Propritorship registration no. 302544509
Name of the Proprietor : Mr. Amrit Khadka
Auditors : Sreshtha & Co.
Bankers : Nepal Grindlays Bank Ltd., Kathmandu,
Nepal
Nepal
Bank Ltd, Kathmandu, Nepal
Global
Bank Ltd., Kathmandu, Nepal
“Kalpana” means Creativity in Sanskrit and Imagination
in Nepali. They are an experienced and young team.
Manufacturer & Exporters of Felt products
including handmade shoes and sleeper made up of 100% sheep’s wool depend
upon costumer’s designs or requirement.
Product details
·
Felt Carpets
·
Felt Bag
·
Felt Purse
·
Shoes
& Slipper
· Felt Balls / Felt Beads
They have different sections for
efficient production with highly skilled and trained felters.
· Wet Felting
· Needle Felting
· Sewing mistress
· Designer
· Other craftsmen and assistant workers
The number of employees is increasing. We planned this year to generate working
opportunities to more than 100 people.
They have highly experienced and creative designers who can materialize any
concept. The Design, Research and development section conducts research regarding
their products and also the different aspects related with their product.
Store
They
have well facilitated store with about 2 ton of wool in stock.
+ 60 Color
Purchasing Terms : Cash, Advance Payment
Sales Terms : Cash, Advance Payment
· Wholesalers
· Retailers
· End Users
120
Nepal Grindlays Bank Limited
Kathmandu
Nepal Bank Limited
Kathmandu
Bank of Kathmandu
1. Member of "International felt artist
Association"
2. Member of Handicraft Association Nepal (FHAN).
3. Member of Nepal Chamber of Commerce.
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Main Markets: |
50.00% North America |
They are handmade felt craft manufacturer and exporter from Nepal. Our
concern has registered in government of Nepal and we are a member of HAN
(handicraft Association of Nepal) . They are specialized in wet felting, needle
felting and nuno felting.
They deal with only quality felt goods. Our prime objective is to ensure
quality product and their timely delivery.
They have very attractive new design of felt handicraft. Most of our
products in felt are purses, bags, caps, hat, felt shoes, Room slippers, Hair
band accessories’, necklace, ear ring, bracelet, brooch, felt shawl, muffler,
scarf, table mat, cushion cover and pencil cover in many designs. We also make
customs items such as toys, flowers or any shape desired. They can make any
motif or design and in any color your request.
They are looking for joint venture business
partner in Europe, North America and Japan.
Name : Ms.
Anisha
Designation : Office Controller
Contact No.: 000
97715544440
Working Capital- Nep.
Rs. 8 Crores.
Sales- Nep.
Rs 12 Crores. (2012)
Sales- Nep.
Rs.14 Crores. (2013)
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 amount.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.71 |
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1 |
Rs.102.04 |
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Euro |
1 |
Rs.83.77 |
INFORMATION DETAILS
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Information
Gathered by : |
sva |
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Analysis Done by
: |
SUM |
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Report Prepared
by : |
MNL |
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 |
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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.