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Report No. : |
342789 |
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Report Date : |
03.10.2015 |
IDENTIFICATION DETAILS
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Name : |
BABA SALES AND SUPPLIERS |
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Registered Office : |
Janakpur-14, Area-Mujeliya |
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Country : |
Nepal |
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Date of Incorporation : |
2002 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Trader of Tyres, Tractor and Three Wheeler. |
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No. of Employees : |
35 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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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 increase Nepal’s hydropower
potential.
|
Source
: CIA |
BABA SALES AND SUPPLIERS
Janakpur-14, Area-Mujeliya, Nepal
Phone : +977 9854020705, 00-977-9819819704
[Mr. Bishal Shah]
E-MAIL : info@babasales.com.np
Website: http://www.babasales.com.nep
Year Established : 2002
Legal Status : Proprietorship
Name of Proprietor : Mrs. Gayatri Shah
Auditors : Mr. Manish Janakpur
Staff : 35
Bankers : Nepal Bank Ltd.
Head
Office, Janakpuri Branch.
Sister Concerns :
Baba Oil Centre
Baba
Steel Centre
Baba
Tyres Centre
Imports :
Product: Tyres
Country: India
Business
: Trader of Tyres, Tractor and Three
Wheeler.
Baba Sales has been established as automobiles
distributing company in south east of Nepal. Our traditional business model is
based on the accomplishment of Four wheel & three wheel markets in Nepal.
Based on the decision of the company to diversify our products we have now
established this corporation in different regions in Nepal. In addition to
automobiles market, the company has invested portions of its assets in the
purchase and sale of four wheel & three wheel such as Tempos &
Tractors as well as Tyres on global markets.
Finance : Sales Turnover
2013-14:
25 Crores.
2014-15:
30 Crores.
Expected
Sales Turnover 2015-16: 35 Crores.
Trading Terms : Purchase - Cash – 30/
60 and 90 days
Credit
– 30/ 60 and 90 days
Sales - Cash – 30/ 60 and 90 days
Credit
– 30/ 60 and 90 days
|
Name : |
Mr. Bishal Shah |
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Designation : |
Manager |
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Contact No.: |
00-977-9819819704 |
|
Date : |
29.09.2015 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.55 |
|
|
1 |
Rs.99.17 |
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Euro |
1 |
Rs.73.08 |
INFORMATION DETAILS
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Information
Gathered by : |
PPT |
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.