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Report No. : |
302227.2 |
|
Report Date : |
14.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
JAGADAMBA SUPPLIERS |
|
|
|
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Registered Office : |
Bahuauri, Parsa Branch, Sanepa, Lalitpur |
|
|
|
|
Country : |
Nepal |
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|
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Date of Incorporation : |
2008 |
|
|
|
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Legal Form : |
Proprietor |
|
|
|
|
Line of Business : |
Trader of Waste Paper. |
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|
|
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No. of Employee : |
60 |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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. 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 |
JAGADAMBA SUPPLIERS
Bahuauri, Parsa Branch, Sanepa, Lalitpur, Nepal
Phone : 0097701600312
Mobile : 009779811696697 [Mr. Vijay Kumar
Chaudhary]
+9779801019584
Email : jsbs7777@gmail.com
Year Established : 2008
Legal Status : Proprietor
Name of Proprietor : Mr. Vijay Kumar Chaudhary
Age : 38 Years
Qualification : HSC
Auditors : Vinod
Kumar Mandal, Birgunj, Nepal
Staff : 60
Bankers : Himalayan Bank, Patan Branch
O/D
Rs.4.000 Millions
Office Space : Is 24 Dhru Sq. Ft. [Owned]
Business
: Trader of Waste Paper.
Local Customer : Company Name: Nepal Tradelink, Nepal
Person
Name: Mr. Sunil Kumar Jaiswal
Suppliers : Company Name: Everest Supplier, Nepal
Person
Name: Mr. Rajesh Chaudhary
Finance : Present Owned Capital – Rs.2.700
Millions
Sales
(2014): Rs.30.000 Millions
Sales
(2013): Rs.40.000 Millions
Expectation
Sales (2014-2015): Rs.50.000 Millions
Trading Terms : Purchase - Cash – 30,
60 & 90 days
Credit
– 30, 60 & 90 days
Sales - Cash – 30, 60 & 90 days
Credit
– 30, 60 & 90 days
|
Name : |
Mr. Vijay Kumar Chaudhary |
|
Designation : |
Proprietor |
|
Contact No.: |
009779811696697 |
|
Date : |
12.01.2015 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.10 |
|
|
1 |
Rs.94.10 |
|
Euro |
1 |
Rs.73.42 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
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|
|
|
Analysis Done by
: |
SUB |
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|
|
|
Report Prepared
by : |
TPT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.