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MIRA INFORM REPORT
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Report No. : |
494981 |
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Report Date : |
08.03.2018 |
IDENTIFICATION DETAILS
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Name : |
RAMAN GENERAL PVT LTD |
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Registered Office : |
Janakpur
14 Dhanusha |
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Country : |
Nepal |
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Financials (as on) : |
15.07.2017 |
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Date of Incorporation : |
01.10.2004 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
The subject is
specializing in imports, exports and supply of construction equipments & materials
as per the demand of customers. |
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No. of Employees : |
Not available |
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
name and address
RAMAN
GENERAL PVT LTD
Address :
JANAKPUR
14 DHANUSHA, NEPAL.
Corporate Office
Raman General Pvt. Ltd.
Lalitpur -4, Bagdol, Ringroad,
Nepal.
Phone: 977-01-5188354, 5188377
Company
summary
History : It is a pvt limited company incorporated at Kathmandu under His Majesty Govt. Act No.55484 of 05.05.2010
Directors : : Mrs. Rubi Mahato
Mrs. Sita Kumari
Bankers : Nepal Indo-Swiss Bank
Limited, Kathmandu (Nepal)
Nepal Bank Ltd., Kathmandu (Nepal)
Nepal Grindlays Bank, Kathmandu (Nepal)
Nepal Banijya Bank, Kathmandu (Nepal)
Auditors: M/B K Agarwal & Co.,
Putli Sadak., Kathmandu (Nepal)
Business
Raman General Trading Pvt. Ltd. is registered under the Nepalese private
firm registration act 2014 BS (Regd. No.-31024). The company was incorporated
on October 1, 2004 with the department of commerce, his majesty’s government of
Nepal. Its head office is located at Mujeliya 14, Janakpur, Dhanusha, Nepal and
corporate office is located at Sifal7, Kathmandu, Nepal.
The company has been established itself as a reputable trading and
business firm specializing in imports, exports and supply of construction
equipments & materials as per the demand of customers. In present scenario,
it is expanding its business venture on large scale. It has been providing
world class construction equipments and materials to its business customers
focusing on their satisfaction. The company started its journey from 2004 by
providing satisfying solution to their first customer.
It acts as a representative agency for many national and multinational
companies in Nepal. After the liberalization of Nepalese economy in the 1990s
trade and construction activities gave tremendous boost to the company business
and the company intended to expand its line of business to cover overall
construction activities of the country by supplying construction equipments
& materials like excavators, road rollers, loaders, bitumen, iron rods
(i.e. reinforcements), cements, machineries, vehicles and tools.
The company now with its business associates is engaged in supplying various
types and ranges of construction equipments and materials to the needy
customers in Nepal. Some of the ranges in which we deal at present are electro
mechanical machineries and equipments for hydro power units etc. For satisfying
the customers in quick response, the company has developed a good commercial
relationship with the suppliers, manufacturers, agents, brokers around the
world. With the help of our efficient network of communication facilities, we
are capable to supply any information of business instantly.
MACHINES
CATEGORY
CONSTRUCTION MATERIALS
CATEGORY
Financials
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 |
1,080,852 |
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Reserve
& Surplus |
11,331,261 |
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. |
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/-
INFORMATION
DENIED
Management
non co-operative [977-01-5188354,
5188377]
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.96 |
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1 |
INR 90.34 |
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Euro |
1 |
INR 80.75 |
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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 : |
KAM |
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Analysis Done by
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VAR |
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Report Prepared
by : |
SYL |
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
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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.