MIRA INFORM REPORT

 

 

Report Date :

13.03.2014

 

IDENTIFICATION DETAILS

 

Name :

NARAYANI TRACTORS

 

 

Registered Office :

Ward No.2, Chapikiya, Dist.-Parse, Anchal – Narayani, Birgunj

 

 

Country :

Nepal

 

 

Date of Incorporation :

2009

 

 

Legal Form :

Proprietor

 

 

Line of Business :

Dealer Of Tractors For Indo Farm

 

 

No. of Employees :

07

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Temporary closed down

Payment Behaviour :

--

Litigation :

--

 

 

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 – September 30, 2013

 

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

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. Agriculture is the mainstay of the economy, providing a livelihood for three-fourths 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 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. The lack of political consensus in the past several years has delayed national budgets and prevented much needed economic reform. As a result, Nepal depends on agricultural productivity and remittance earnings to drive economic growth

 

Source : CIA

 

 

 

 

Company name and address

 

 

NARAYANI TRACTORS

 

Ward No.2, Chapikiya, Dist.-Parse, Anchal – Narayani, Birgunj, Nepal

 

Phone :             009751530744

Mobile No :        009779845187875 (Mr. Rajesh)

Email ID:           narayanitractors@yahoo.com

 

Years Established                      :           2009

 

Type of Concern             :           Proprietor

 

Proprietor                      :                       Mr. Rajesh Babu Patel (Age : 37)

 

Business                                   :           Dealer of Tractors for Indo Farm  

 

Bankers                                    :           Citizen Bank , Birgunj, Nepal

Agricultural Development Bank, Birgunj, Nepal

                                               

Total Staff                                  :           07

 

Agencies held :                                      Indofarm

 

 

TRADING OF TERM

 

Purchasing Term :                                  Cash and Credit

 

Selling Term :                                        Cash and Credit

 

 

NOTE

 

Mr. Ramesh Babu (CEO) informed  Indo Farm has cancelled their dealership company is not doing business from last year.

 

 

Information parted by

 

Mr. Rajesh Babu

Mr. Ram Babu

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.09

UK Pound

1

Rs.101.59

Euro

1

Rs.84.65

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIS

 

 

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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