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MIRA INFORM REPORT
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Report No. : |
490854 |
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Report Date : |
01.03.2018 |
IDENTIFICATION DETAILS
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Name : |
J K AGRO PVT. LTD. |
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Registered Office : |
Rautahat Distt., Rautahat State Narayani |
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Country : |
Nepal |
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Financials (as on) : |
15.07.2017 |
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Date of Incorporation : |
05.12.2014 |
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Legal Form : |
Pvt. Ltd. |
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Line of Business : |
Mini
Harvester, Thresher, Hybrid Seeds, OP Seeds, Power Tiller |
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No. of Employees : |
16 |
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 (30.09.2017) |
Current Rating (31.12.2017) |
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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 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
summary
J K AGRO PVT. LTD.
Rautahat Distt., Rautahat State Narayani
Nepal
Phone : 0977-98510-86835
Type of concern :
It is a Pvt. Ltd. Company
incorporated at Nepal on 05.12.2014
PAN no :
602421944
Legal Status : Pvt. Ltd.
Name of Director : Mr. Gaurav Shrestha
(CEO)
Mr.
Rajib Shrestha
Mr.
Ashoke Shrestha
Auditors : B.K.Karki & Co. Kathmandu, Nepal
Staff : 16 Nos.
Bankers : Nepal Banijya Bank Ltd.
Kathmandu,
Nepal
Bank
of Kathmandu Ltd
Kathmandu,
Nepal
Business : Mini Harvester, Thresher,
Hybrid Seeds, OP Seeds, Power Tiller
Finance :
BALANCE SHEET AS AT 15th JULY, 2017
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LIABILITIES |
NP. RUPEES |
ASSETS |
NP. RUPEES |
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Authorised Capital |
60,000,000 |
Fixed Assets |
63,913,740 |
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Paid up Capital |
49,787,500 |
Cap. Work in Progress |
2,080,852 |
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Reserve & Surplus |
12,331,261 |
Current Assets |
49,674,391 |
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Secured Loans |
50,337,942 |
Deferred Tax Net |
99,000 |
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Unsecured Loans |
3,348,332 |
Miscns. Expenses |
37,052 |
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Total Nep. Rs. |
115,805,035 |
Total Nep. Rs. |
115,805,035 |
Sales : Nep Rs. 88,014,028/-
Profit of this
year : Nep Rs. 9,075,182/-
Deferred Tax
Adjust : Nep Rs.
2,270,344/-
Net Profit : Nep Rs.
880,261/-
Trading Terms : Purchase - L/C – 30
days
Credit
– 30 days
Sales - L/C – 30 days
Credit
– 30 days
Remarks : Partners are well experienced and
active. Payments are
Slow
but correct. Trade relations are fair.
INFORMATION
DENIED
Management non-co-operative [977-09851086835]
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.10 |
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1 |
INR 90.45 |
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Euro |
1 |
INR 79.59 |
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NPR |
1 |
INR 0.62 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Information
Gathered by : |
KMN |
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Analysis Done by
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NIY |
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Report Prepared
by : |
TPT |
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
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
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.