MIRA INFORM REPORT

 

 

Report Date :

31.05.2014              

 

IDENTIFICATION DETAILS

 

Name :

HR NEPAL PVT. LTD.

 

 

Registered Office :

No.1, Yeti Plaza, Bagbazar, Kathmandu

 

 

Country :

Nepal

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

21.09.2006

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Agency for training, internships, job placement and educational exchange in Nepal. Since founded, HR Nepal has been working for Vocational Training, Cultural Exchange, Study Abroad, J-1 Work & Travel, Internships, Seminar and Expo worldwide. HR Nepal offers customized internship, training, workshops, visit and volunteer programs for students and graduates in and outside of Nepal. Specially, we are expert in national/international training, internships, educational and cultural exchange for students and skilled professionals.

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

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 and address

 

HR Nepal Pvt. Ltd.

No.1, Yeti Plaza, Bagbazar, Kathmandu, Nepal

Post Box: 8975, EPC: 5952

Tel.: 00977-01-421 9841

Email: info@hrnepal.org (Inquiry),

 

History              :           It is a private limited company incorporated at Kathmandu under His Majesty Govt.

                                    Act No. 43352 of 21.09.2006

 

PAN No.           :           301744521

 

 

Directors

 

Sandesh Bhandari

S. K. Khanna

H. S. Tuladhar

 

 

Bankers     

 

1.       Nepal Bank Ltd., Kathmandu (Nepal)

2.       Nepal Grindlays Bank, Kathmandu (Nepal)

3.       Bank of Kathmandu, Kathmandu (Nepal)

 

 

Shareholders

                       

Sandesh Bhandari          40%

S. K. Khanna                 30%

H. S. Tuladhar               30%

 

 

Auditors

 

S. K. Shrestha & Co., New Road., Kathmandu (Nepal)

 

 

Business

           

 

 

 

HR Nepal is a leading agency for training, internships, job placement and educational exchange in Nepal. Since founded, HR Nepal has been working for Vocational Training, Cultural Exchange, Study Abroad, J-1 Work & Travel, Internships, Seminar and Expo worldwide. HR Nepal offers customized internship, training, workshops, visit and volunteer programs for students and graduates in and outside of Nepal. Specially, we are expert in national/international training, internships, educational and cultural exchange for students and skilled professionals.

HR Nepal is also consulting with Colleges/Universities for abroad education in Asia, Europe, North America and Australia as educational consultant. Each year our programs change lives of many students and provide earning opportunities to them around the globe. HR Nepal has been conducting several types of cultural exchange programs to share the art and culture between different countries. Similarly, HR organizes different seminars and expos to grow the business, technology, travel and tourism around the world.

HR Nepal is provider of services where opportunity and satisfaction are our highest values. We pledge to provide a distinguished level of service in meeting the needs of our participants and partners. Our team has expert working with immigration, visas and embassies to implement international training, internship, study, travel, business and cultural programs.

We have built relationships with established partners in Asia, Europe, Canada, America and Australia and we are a authorized agency for Training, Internship, Study, Cultural Exchange and Travel visa consultant by our partners.

Our Services:

a. For Trainee :

Consulting Employers | Finding Jobs | Training Students | Filing process | Screening Candidates | Providing Information | Jobs Orientation

b. For Employers:

Advertising | CV Collection| Conducting Interviews | Corresponding workers

c. For students:

Test Preparation | Counseling Students | Providing Information | Seminar & Expo | Conducting Interview | Visa Preparation | Airport Pickup

d. For Travelers:

Ticketing | Hotel Booking | Short Tours | Long Tours | Trekking

 

 

Financial   

                                   

Authorised Capital : 5,000,000/- (50,000 Equity Shares of NP.Rs.100/- each)

Paidup : 4,670,400/- (46,704 of NP.Rs.100/- each)

 

 

 

 

 

 

BALANCE SHEET AS AT 31.03.2013

 

 

 

 

 

Liabilities

Amount (Nep Rs.)

 

Assets

Amount (Nep Rs.)

 

 

 

 

 

Paid up Capital

4,670,400

 

Fixed Assets

19,314,434

Reserve & Surplus

53,583,115

 

Sundry Debtors

71,251,051

Secured Loan

84,115,017

 

Investments

33,204,897

Unsecured Loan

2,723,764

 

Inventories

18,508,982

Current Liabilities & Prov.

75,507,752

 

Cash & Bank

17,425,524

 

 

 

Loans & Advances

29,325,037

 

 

 

Miscellaneous

570,123

 

 

 

Other Current Assets

31,000,000

Total

220,600,048

 

 

220,600,048

 

 

 

 

 

 

Rs.

 

 

 

Sales

140,770,893

 

 

 

Profit Before Tax

9,546,400

 

 

 

Profit After Tax

6,321,200

 

 

 

 

 

 

 

 

 

 

Remarks     

 

Payments are reported to be correct and regular as per commitments.  Trade relations are fair. Consider good for medium amount.

 

 

Contact person

 

Ms. Anjali (Account executive)

Email:               info@hrnepal.com

Mobile no:         97714265970

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.59.03

UK Pound

1

Rs.98.91

Euro

1

Rs.80.33

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

PDT

 

               

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.