MIRA INFORM REPORT

 

 

Report Date :

08.07.2014

 

IDENTIFICATION DETAILS

 

Name :

TAMU WORLD WIDE SHIPPING PVT. LTD.

 

 

Registered Office :

Jancbbal lam Building No. – 5, 1st Floor, Hong Kong Market, P.O. Box – 1154 Thimphu

 

 

Country :

Nepal

 

 

Date of Incorporation :

27.03.2012

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Subject business activities includes Courier Service, Enterprise, Liaison Office, Event Management  as well as Mover & Packer

 

Engaged in providing following services:-

·         Pick-up & delivery of documents as well as parcels worldwide with tracking facilities

Daily carries services between Thimphu and Phuentsholing

Personalized courier bag services for public, private & corporate agents

Domestic courier service

Clearing assistance

Proof of delivery through mail

Drop birthday cake

Courier Bag

Cash on Delivery & To Pay systems.

 

 

No of Employees :

17

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

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 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

Nepal

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

 

C2

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.

 

Source : CIA

 

 

Company name

 

TAMU WORLD WIDE SHIPPING PVT. LTD.

 

Company address

 

Jancbbal  lam  Building No. – 5, 1st Floor, Hong Kong Market, P.O. Box – 1154 Thimphu, Bhutan

 

Tel:                   00-975-2-333327 & 334422
Fax:                  00-975-2-327828

Mobile:-             97517555023 (Mr. shekar Gurung) / 17114717 / 17555023 / 17612323.
E-Mail;              thpmanager@tamushipping.com / marketing@tamushipping.com / thp@tamushipping.com

Web:                www.tamushipping.com

Area :               800 Sq.fts

Location :          Leased

 

 

Branches office located at

 

Suresh Rai (Manager)
Ganga (Office Assistance)
Tamu (Courier / Enterprise / Event)

Opposite to ministry Economic Affaires Thimphu Bhutan

 

PHUENTSHOLING BRANCH OFFICE
Rajen Gurung (Manager)
Geeta Chhetri (Office Assistance)
Tamu (Courier / Enterprise / Event)
Gurung Apartment, Pelkhil Lam
Phuenthsoling Bhutan
Tel: 00-975-5-253237
Mobile: 17590066 / 17590044
phumanager@tamushipping.com
phu@tamushipping.com

 

SAMTSE BRANCH OFFICE
Sikha Pradhan.
Samtse Main Town, Samtse Bhutan
Tel: 00-975-5-365298,
Mobile:-17741431

 

PARO BRANCH OFFICE
Ujjal Raj Gurung
M/s Uniquely Yours
Paro Bonday Bhutan
Mobile:-17368350

 

Company summary

 

History                                                  :      It is a Private Ltd. Co. incorporated at Thimpu, Bhutan,
                                                                        US / B 9953 of 27.03.2012

 

 

Name of Directors                                  :           Kamal Raj Gurung (Chairman)                                                           

                                                                        Bimal Raj Gurung

                                                                        Sudha Rani Gurung

                                                                        Shaktiman Thapa

 

Auditors                                                :           S.K. Chettri  & Co. Thimpu, Bhutan

 

Staff                                                      :           17 nos.

 

Customer types                                                 End Users

                                               

Bankers                                                :           Bank of Bhutan

                                                                        Thimpu, Bhutan

                                                           

           

Business                                  

·         Courier Service

Enterprise

Liaison Office

Event Management

Mover & Packer

 

They are  provide:

·             Pick-up & delivery of documents as well as parcels worldwide with tracking facilities

·             Daily carries services between Thimphu and Phuentsholing

·             Personalized courier bag services for public, private & corporate agents

·             Domestic courier service

·             Clearing assistance

·             Proof of delivery through mail

·             Drop birthday cake

·             Courier Bag

·             Cash on Delivery & To Pay systems.

They are deal with:

·             Government general orders

·             Stationeries

·             Xerox Paper

·             Cartridge & Computers

·             Wholesale of Toilet paper & Napkin paper

·             Packing materials

Finance                                     :           Balance Sheet not available.

                                                            Authorised Capital   Nu. 1,00,00,000

                                                            Paid up Capital Nu. 80,00,000

 

Trading Terms                            :           Purchase          -           L/C – 30 days

                                                                                                Credit – 30 days

 

                                                            Sales                -           L/C – 30 days

                                                                                                Credit – 30 days

                                   

Remarks                                   :           Partners are well experienced and active.  Payments are

                                                            Reported to be correct and regular as per commitment.

                                                           

Trade relations are fair.

 

 

Information parted by

 

Name :                         Mr. shekhar Gurung

Designation                 Manager

Contact No.:                 97517555023

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.59.95

UK Pound

1

Rs.102.78

Euro

1

Rs.81.39

 

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

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%)

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.