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MIRA INFORM REPORT
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Report No. : |
483483 |
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Report Date : |
30.01.2018 |
IDENTIFICATION DETAILS
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Name : |
RAJAT KNITWEARS |
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Registered Office : |
Katahari, Morang, Word No. 4 |
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Country : |
Nepal |
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Date of Incorporation : |
07.05.2015 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Manufacture of fabrics |
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No. of Employees : |
200 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January
2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but Correct |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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Nepal |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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 30% of GDP. Agriculture is the mainstay of the economy, providing a livelihood for almost two-thirds of the population but accounting for only 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. Nepal and India signed trade and investment agreements in 2014 that increase Nepal’s hydropower potential, but political uncertainty and a difficult business climate have hampered foreign investment.
Nepal was hit by massive earthquakes in early 2015, which damaged or destroyed infrastructure and homes and set back economic development. Political gridlock in the past several years and recent public protests, predominantly in the southern Tarai region, have hindered post-earthquake recovery and prevented much-needed economic reform. Additional challenges to Nepal's growth include its landlocked geographic location, persistent power shortages, and underdeveloped transportation infrastructure
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Source
: CIA |
Company
name and address
RAJAT KNITWEARS
KATAHARI, MORANG, WORD NO. 4, NEPAL
Phone : +977-021-528647
Email: rktodi.titex@gmail.com
Company
summery
Year Established : 07.05.2015
PAN no :
300037218
Legal Status : Proprietorship
Name
of Proprietor : Mr. Rajat Todi
Auditors : B.K.Karki & Co. Kathmandu, Nepal
Staff : 200
nos.
Bankers : Nepal Banijya Bank Ltd.
Biratnagar, Nepal
Bank
of Kathmandu Ltd
Biratnagar, Nepal
Business : Rajat Knitwears is a
mid-sized organization in the knit outerwear mills
industry located in
Biratnagar, Nepal with 200 full-time employees.
Manufacture of fabrics
Overview : Rajat Knitwears is a private knit
outerwear mill in BiratnagarNepal.
Finance : Present Working Capital – Rs.2.00
crores.
Sales
(2015-2016) : Rs. 3
crores. Sales
(2016-2017) : Rs. 5
crores.
Projected
Sales (2017-2018) : Rs. 7
crores.
(Due to
business Growth)
Trading Terms : Purchase - L/C
Sales - Cheque
Type of customer : Wholesalers and retailers
Remarks : Payments are reported to be slow but
correct
Trade
relations are fair.
INFORMATION
PARTED BY
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Name : |
Mr. Rajat Todi |
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Designation : |
CEO |
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Contact No.: |
09802032858 |
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Date : |
29.01.2018 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.55 |
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1 |
INR 89.82 |
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Euro |
1 |
INR 78.87 |
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NPR |
1 |
INR 0.63 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Information
Gathered by : |
SHA |
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Analysis Done by
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VAR |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
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Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.