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Report No. : |
328635 |
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Report Date : |
27.06.2015 |
IDENTIFICATION DETAILS
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Name : |
GAURISHANKAR ENTERPRISES |
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Registered Office : |
Surkhet Road, Banke, Nepalgunj |
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Country : |
Nepal |
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Date of Incorporation : |
24.07.2003 |
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Legal Form : |
Partnership |
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Line of Business : |
Subject is deals in Indo Farm Tractor and Having Showroom. |
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No. of Employees : |
10 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 |
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Restricted |
C2 |
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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 |
GAURISHANKAR ENTERPRISES
Surkhet Road, Banke, Nepalgunj, Nepal.
PHONE : 977-081 –
526752
MOBILE : 9858023170
Years Established : 24-07-2003
Type of Concern : Partnership
Name of the Partners : Madan Mainali
Sribhuwan Singhari
Bankers : Everest Bank Ltd.
Nepalganj,
Nepal
Nepal
Bank Ltd,
Nepalganj,
Nepal
Business : Subject is deals in Indo Farm Tractor
and Having Showroom.
Financial
Working Capital- Nep. Rs. 2.5 Core.
Sales- Nep. Rs. 3.5 Core. (2012)
Sales- Nep. Rs. 4.5 Core. (2013)
Remarks : Well established, respectable,
payments are reported to be correct and
regular as per commitments, trade relations
are fair, consider good for normal business engagements at usual trade terms
and conditions. Business may be done.
|
Name : |
Mr. Navin |
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Designation : |
Office Executive |
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Contact No.: |
977-81-526752 |
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Date : |
23.06.2015 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.60 |
|
|
1 |
Rs.100.09 |
|
Euro |
1 |
Rs.71.23 |
INFORMATION DETAILS
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Information
Gathered by : |
JML |
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Analysis Done by
: |
RAS |
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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 |
|
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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 |
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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 |
-- |
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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.