Kathmandu. Sipradi Higher Purchase Company has been rated at Rs 4 billion for long-term loans. Rating agency ICRA Nepal has rated the company’s debt of Rs 4 billion.

The company’s debt has been rated ‘ICRANP-L Double B’ by ICRA. This rating indicates that there is a moderate risk to the company’s ability to repay loans on time.

The company has done business worth Rs 390 million in the nine months of the current fiscal year. The company had a turnover of Rs 58 billion in 2024. Similarly, in 2023, the business was Rs 52.80 billion, in 2022 it was Rs 494 million and in 2021 it was Rs 678 million.

It is a higher purchase finance company founded in 2014. The company operates as per the general guidelines of Nepal Rastra Bank. Sipradi Trading Private Limited owns 100 per cent shares. Sipradi Trading is the authorized distributor of Tata Motors in Nepal.

The company has been operating in the Nepali automobile sector for more than 40 years. Siddhartha SJV Rana is currently the chairman of the company. Sipradi Higher Purchase provides financial support for the sale of its company’s vehicles.