Asian Distributors Earn Rs 2.75 Billion Business in One Year
लगानी न्यूज
. The business of Asian Distributors Pvt. Ltd. has improved significantly. The company had a turnover of Rs 2.75 billion in the last fiscal year.
The company’s business has increased in the last fiscal year compared to the previous financial year. The company had a turnover of Rs 1.41 billion in the previous fiscal year which was Rs 1.75 billion in the last fiscal year.
In 2023, the company had a turnover of Rs. 1.25 billion, compared to Rs. 1.TAG_OPEN_div_22 49 billion in 2022. Similarly, in the year 2021, it had done business of Rs 1.21 billion.
The company has a long-term and short-term loan rating of Rs 1.TAG_OPEN_div_20 20 billion. The company has a loan rating of Rs 110 million for long-term loan and Rs 1.20 billion for short term loan.
ICRA Nepal has reaffirmed the company’s long-term debt to ‘ICRANP Triple B Minus’.TAG_OPEN_div_18 Likewise, ICRA Nepal has retained the ‘ICRA NP, ICRA NP A three’ rating for the company’s immediate loan.
Established in 2011, the company has been importing and trading fast moving consumer goods. The company imports products of Nivea, McVitie’s, Glucon D, Cavin Kerr, PepsiCo, Sugar Free Gold and other brands in the Nepali market.
Currently, the company has more than 200 dealers across the country.TAG_OPEN_div_14 Ashish Kumar Agarwal is the main investor of the company. He owns 26 percent stake in the company. Similarly, Kavita Sangai owns 21 percent share, Bishal Agrawal 11 percent, Sanchita Agrawal 11 percent and Shilpa Agrawal 11 percent.
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