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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

509902

Report Date :

28.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

PASHUPATI OVERSEAS TRADERS

 

 

Registered Office :

711 Gangalal Marg, 1st Floor, Opp: Chhetrapati Free Clinic, Kathmandu, Bagmati

 

 

Country :

Nepal

 

 

Date of Incorporation :

23.05.2010

 

 

Legal Form :

Proprietary concern

 

 

Line of Business :

Subject is exporter & trader of Woolen shawls, pashmina, cashmere shawls, stoles, scarf, plain shawls, fancy pashmina shawls, embroidery shawls, designer pashmina shawls, pure shawls, handmade shawls, double sided woolen shawls, ladies shawls, pashmina shawls, pure pashmina shawls, designer cashmere shawls, plain cashmere,       

 

 

No. of Employees :

35

 

 

RATING & COMMENTS

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

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but Correct

 

 

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 and address

 

PASHUPATI OVERSEAS TRADERS

 

711 GANGALAL MARG, 1ST FLOOR, OPP: CHHETRAPATI FREE CLINIC, Kathmandu Bagmati, Nepal

 

Telephone No.                                       :           977-1-4267433

Fax                                                       :           977-1-4227023

 

 

Company summary

 

Year Established                                   :           23.05.2010

 

Legal Status                                          :           Proprietary

 

Name of Proprietor                                :           Mr. Mukesh Agarwal

                                                                        Age: 40Year

                                                                        Qualification: Graduation

                                                                        Experience: 19 Years

 

VAT No.                                                :           304143227

 

Auditors                                                :           B Gupta & Sons,

Kathmandu
Nepal.

 

Staff                                                     :           35 nos.

                                               

Bankers                                                :           Siddhartha Bank Ltd.

                                                                        Kathmandu, Nepal

                       

Location                                               :           owned

 

Locality                                                 :           Commercial

 

Exporters of                                         :           USA, Germany, Switzerland, United Kingdom, United

Arab Emirates

 

Trading terms

 

Purchasing terms                                  :           Letter of credit / Credit 30 Days

Selling days                                                      Letter of credit / Credit 30 Days

 

Type of customer                                              Wholesalers

 

Business                                    

 

They are exporter & trader of Woolen shawls, pashmina, cashmere shawls, stoles, scarf, plain shawls, fancy pashmina shawls, embroidery shawls, designer pashmina shawls, pure shawls, handmade shawls, double sided woolen shawls, ladies shawls, pashmina shawls, pure pashmina shawls, designer cashmere shawls, plain cashmere,                                         

 

Reference of Overseas Concerns           :           USA, Germany, Switzerland, UK

 

Finance                                                 :           Present Working Capital – Rs.4.00 crores.

 

                                                                        Sales (2018)                              :           Rs. 10 crores.                                                                                       Sales (2017)                              :           Rs. 10 crores.

                                                                        Projected Sales (2018)               :           Rs. 10  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 slow but correct.

                                                                        Trade relations are fair.

 

 

INFORMATION PARTED BY

 

Name :

Mr. mukesh Agarwal

Designation :

Proprietor

Contact No.:

977-1-4267433

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 68.26

UK Pound

1

INR 91.22

Euro

1

INR 79.88

NPR

1

INR 0.63

 

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

 

 

INFORMATION DETAILS

 

Information Gathered by :

PNM

 

 

Analysis Done by :

VAR

 

 

Report Prepared by :

SYL

                                                


 

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)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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