MIRA INFORM REPORT

 

 

Report No. :

499014

Report Date :

28.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

RISING TRADE LINK BUTWAL 

 

 

Registered Office :

13 Rupandehi 

 

 

Country :

Nepal

 

 

Date of Incorporation :

15.07.2004

 

 

Legal Form :

Partnership

 

 

Line of Business :

·         Establishment and Operation of Siddhartha Children & Women Hospital in Butwal and Creation of Special Fund for its Maintenance.

·         Construction and Operation of Lumbini Commerce Campus in Butwal.

·         Construction of Maternity Section in Lumbini Zonal Hospital in Butwal.

·         Construction of Science Faculty Building for Butwal Multiple Campus.

·         Support to Construction of Blood Trasfusion Center Building in Butwal.

·         Construction of Traffic Island near Butwal Bus Terminal.

 

 

No. of Employees :

8

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

B

 

Credit Rating

 

Explanation

Rating Comments

B

Medium Risk

Business dealings permissible on a regular monitoring basis

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Nepal

B1

B1

 

Risk Category

 

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

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.

 

Source : CIA

 

 

Company name & address

 

RISING TRADE LINK BUTWAL 

13 Rupandehi 

Nepal 
Tel: 071-541346, 544746, 548246

Fax: +977-71-540146

 

 

Company summary

 

Year Established                                   :           15.07.2004

 

Legal Status                                          :           Partnership

 

Name of Partners                                  :           1. Mr. Khim Bahadur Hamal

                                                                        2. Immediate Past President

                                                                        3. Mr. Ujwal Kasaju

                                                                        4. Mr. Anil Prasad Shrestha

 

Auditors                                                :           R. K. Gupta & Co., Kathmandu

 

Staff                                                     :           8 Nos.

                                               

Bankers                                                :           Nepal Grindlays Bank Ltd, Kathmandu

                                                                        Nepal Banijya Bank Ltd., Kathmandu

 

Business                                               :          

Establishment and Operation of Siddhartha Children & Women Hospital in Butwal and Creation of Special Fund for its Maintenance.

Construction and Operation of Lumbini Commerce Campus in Butwal.

Construction of Maternity Section in Lumbini Zonal Hospital in Butwal.

Construction of Science Faculty Building for Butwal Multiple Campus.

Support to Construction of Blood Trasfusion Center Building in Butwal.

Construction of Traffic Island near Butwal Bus Terminal.

 

Finance                                                 :           Present Working Capital – Rs.1,25 Lakhs

 

                                                                        Sales (2008)                              :           Rs. 2.0  crores.                                                                                     Sales (2009)                              :           Rs. 4.0  crores.

                                                                        Projected Sales (2010)               :           Rs. 5.0 crores.

 

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

                                                                        reported to be unknown

 

 

INFORMATION DENIED

 

Management non-co-operative [0977-71-541346/544746]

 

 

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 64.80

UK Pound

1

INR 92.25

Euro

1

INR 80.76

NPR

1

INR 0.63

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Information Gathered by :

GYT

 

 

Analysis Done by :

VAR

 

 

Report Prepared by :

TPT

 

 

RATING EXPLANATIONS

 

Credit Rating

 

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

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)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.