Kathmandu. Infomerics Credit Rating Nepal Limited has upgraded the rating from ‘IRN A minus (issuer rating)’ to ‘IRN A (issuer rating)’ in the rating made for the purpose of issuing right shares of Asian Life Insurance Company.
Infomerics Nepal dated 2082. 03. According to the letter issued on March 23, a company with such a rating has adequate guarantees to meet its financial obligations on time. The company’s issuer rating has improved due to significant progress in most financial indicators.
Infomerics Nepal had earlier given ‘IRN A minus (issuer rating)’ rating, but with the re-evaluation of the financial situation, it has upgraded to issuer rating.
fiscal year 2019. 2080 compared to 80. Asian Life Insurance’s total insurance revenue has increased by 15 percent, net insurance income by 14 percent, net worth by 14 percent, operating profit by 13 percent and profit after tax by 18 percent. Similarly, the current fiscal year 2081. The first insurance premium has increased by 25 percent in the third quarter of 2018.
The company has issued right shares in the ratio of 1:0.42 to raise the paid-up capital of Rs 5 billion as per the directives of The Nepal Insurance Authority. The company’s 17th Annual General Meeting (AGM) will be held on July 29, 2019. It has also been proposed to distribute dividend at the rate of 5.3684 percent to the shareholders along with 5.10 percent bonus shares for 81.
