ICRA Nepal assigned [ICRANP]LB+/A4 to Omni Motors Private Limited

ICRA  Nepal  has  assigned a long-term  rating  of  [ICRANP]  LB+(pronounced  ICRA  NP  L  B plus)  to  the  long-term  loans  of Omni Motors Private Limited (OMPL). ICRA Nepal has also assigned a short-term rating of [ICRANP] A4 (pronounced ICRA NP A four) to the short-term loans (including non-fund based limits) of OMPL.

Credit strengths

• Part of Omni Group with experienced promoters 
• Growing brand recognition of the Bharatbenz vehicles

Credit challenges

• Delays in payment of bank obligations
• High working capital intensity could witness further stress amid lockdown
• Intense competition in the industry and low track record 
• Limited presence within CV segment leading to low revenue diversification
• Tight  liquidity  and high borrowing rates could deter  final  customers thus impacting revenue growth
• Analytical approach

About the company 

Established in 2013, Omni Motors Private Limited (OMPL) is the national dealer of Bharatbenz commercial vehicles for Nepal. OMPL’s registered office is in Birgunj, Parsa-13  and  it  currently  operates through 10  self-owned  showrooms www.icranepal.com3around the country. The company is owned by five individuals: Mr. Rajindra Kabra, Mr. Dipankar Kabra, Mr. Vinay Kabra, Mr. Udayan Kabra and Mr. Sandeep Kumar Mohta. Mr. Rajindra Kabra is the Chairman of the company.

 Source: ICRANEPAL

Read More