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MIRA INFORM REPORT

 

 

Report No. :

332344

Report Date :

21.07.2015

 

IDENTIFICATION DETAILS

 

Name :

TRANS GLOBAL SERVICES (PVT.) LTD

 

 

Registered Office :

Kamaladi Ganeshthan, 91 Binayak Marg, Kathmandu

 

 

Country :

Nepal

 

 

Financials (as on) :

15.07.2012

 

 

Date of Incorporation :

25.08.2006

 

 

Legal Form :

Nepal Public Ltd

 

 

Line of Business :

Service Provider of Fright and Forwarding.

 

 

No. of Employees :

30

 

 

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, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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 and 2014. Nepal and India signed trade and investment agreements in 2014 that will amp up Nepal’s hydropower potential.

 

Source : CIA

 

Company Identification Details

 

Enquired Name

:

Trans Global Services (Pvt.) Ltd

Correct Name of Company

:

Trans Global Services (Pvt.) Ltd

 

Registered Office

:

Kamaladi Ganeshthan, 91 Binayak Marg, Kathmandu,Nepal 

Telephone No.

:

(977-1)4265840, 4249476, 4247082 

Mobile No.

:

000977-9851020902

Fax No.

:

(977-1) 4249476 

Email Id

:

transglobal@wlink.com.np   

Krishna@transglobal.com.np

Website

:

http://www.transglobal.com.np

Industry

:

freight

Nature of Activity

:

With the themes Trans Global Services (Pvt.) Ltd began operations in Feb 2006 AD with the purpose of creating and ocean brokerage, International freight forwarders that, based on knowledge and experience, could provide exporters as well as importers with the choice of an above average service.

 

We are the license holder with full authorization of Nepal Government for forwarding.

 

Since our beginnings, we have employed only competent personal in order to ensure that our shipments are in the hands of true professionals using the most advanced techniques and amenities. Located adjacent to Kamaladi Ganeshthan. We are pledge our customers the secure and optimal passage of precious freight to different sector as per client desire.

 

Conducting business in Nepal and India has become increasingly complex due to the heavy security, ever changing legislation and red tape issues that are found so Often at today‘s borders.
Trans Global Services helps corporation overcome the liabilities and obstacles associated with importinglexpcrting between the countries by managing the entire process from Start to Finish. More and more clients trust Trans Glcbat Services to save time, money and hassle associated with the transport of intemational goods by Sea, Surface or by Air. Here‘s why :

 

Avoid expensive liability issues by becoming completely removed from the impcrtlexport process through our unique ciientfsupplier relationship.

Eliminate hidden and variable cost charged by border brokers with a fair, fixed cost that‘s based on a percentage of your shipment value.

Streamline deliveries with guaranteed same—day service through Nepalflndia border and Air consignment.

 

 

 

Official Company Data

 

Legal Form

:

Nepal Public Ltd
Corporate Identity Number (CIN)

:

58375
ROC Code 

:

Kathmandu

Registration Date

:

25.08.2006
Issuing Authority

:

Registrar of Companies (ROC)
Authorised Capital

:

60,000,000
Paid-up Capital

:
49,787,500
Employee

:
30

Auditor

:

Mr. Gobinda Adhikari, Nepal

Bankers

:

Nepal Sbi Ltd., Kamal Pokhari Branch

Nabil Bank Ltd., Kanti Path Branch

Trading Terms

:

Purchasing Terms: Cash and Credit (30-60-90 days)

Sales Terms: Cash and Credit (30-60-90 days)
Type of Customers

:

End Users and OEM’s

 

 

 

 

 

Board of Directors

 

Name

Designation

1: Mr. Krishna K. Shrestha

Chairman

2: Mr. Puskar Raj Bhatta

Director-Finance

3: Mr. Suman Shrestha

Director-OPS

4: Mr. Milan Shrestha

Finance Controller

 

 

Capitalization Structure

 

Authorised Capital

:

60,000,000
Paid-up Capital

:
49,787,500

Face Value

:

Rs. 10/- each.

Last AGM

:

15 July, 2012

 

 

BALANCE SHEET AS AT 15th JULY, 2012

 

LIABILITIES

NP. RUPEES

ASSETS

NP. RUPEES

Authorised Capital

60,000,000

Fixed Assets

63,913,740

Paid up Capital

49,787,500

Cap. Work in Progress

1,080,852

Reserve & Surplus

11,331,261

Current Assets

49,674,391

Secured Loans

50,337,942

Deferred Tax Net

99,000

Unsecured Loans

3,348,332

Miscns. Expenses

37,052

Total Nep. Rs.

114,805,035

Total Nep. Rs.

114,805,035

 

Sales                            :           Nep Rs.77,014,028/-

Profit of this year          :           Nep Rs.  7,075,182/-

Deferred Tax Adjust      :           Nep Rs.   1,270,344/-

Net Profit                      :           Nep Rs.      331,261/-

 

 

2012-13 = Rs.1600,000,000

2013-14 = Rs.2500,000,000

2014-15 = Rs.2800,000,000

 

 

INFORMATION PARTED BY

 

Name :

Mr. Krishna K. Shrestha

Designation :

Director

Contact No.:

000977-9851020902

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.55

UK Pound

1

Rs.99.10

Euro

1

Rs.68.83

 

INFORMATION DETAILS

 

Information Gathered by :

PPT

 

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NIT

 

 

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.