MIRA INFORM REPORT

Report Date :

24.03.2014

IDENTIFICATION DETAILS

Name :	KESHARI CHAND
Registered Office :	Patan Lalitpur, Dhaka 44700
Country :	Nepal
Date of Incorporation :	05.03.2004
Legal Form :	Proprietary
Line of Business :	Traders & Supplier of Auto Parts, Electronic & Electrical Goods.
No. of Employees :	12

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 – 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

KESHARI CHAND

Patan Lalitpur, Dhaka, Nepal-44700
PH:- 977-9749502523

Email id: bisuddhi@gmail.com

Company Identification

Year Established : 05.03.2004 (As confirmed by Mr. K C Dayal Proprietor company was incorporated in 2004 but in 2007 company was shut down the operations, but 6 months before company started the operations back. )

Legal Status : Proprietary

Name of Proprietor : K. C. Dugal, Age: 23 years old

Auditors : B Gupta & Sons

Staff : 12

Bankers : Siddharth Bank, Patan Branch/ Mega Bank Nepal Ltd., Kantipath, Nepal

Business : Traders & Supplier of Auto Parts, Electronic & Electrical Goods.

Importers : Auto Parts and Electronics, India

Trade References : Suzuki – Auto Parts, Philips – Electronic Goods

Finance : Turnover Expected 2013-2014 : Rs.30 Millions

Trading Terms : Purchase - L/C, Credit, Cash

Sales - Credit, Cash

Agencies Held : Suzuki – Auto Parts, Philips – Electronic Goods

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.05
UK Pound	1	Rs.100.81
Euro	1	Rs.84.17

INFORMATION DETAILS

Report Prepared by :

SDA

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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