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'summary' => 'April 16: ICRA Nepal has assigned grade 4 rating to the proposed rights issue of NB Insurance Company Limited (NBIL). The grade indicates below average fundamentals to the proposed rights issue of the company amounting to Rs 270 million.',
'content' => '<p style="text-align: justify;">April 16: ICRA Nepal has assigned grade 4 rating to the proposed rights issue of NB Insurance Company Limited (NBIL). The grade indicates below average fundamentals to the proposed rights issue of the company amounting to Rs 270 million.</p>
<p style="text-align: justify;">NBIL is set to issue 1:1 rights shares of 2,700,000 numbers of equity shares with face value Rs 100 each to its existing shareholders at par. The proposed issue is being made to augment the capital base to support future growth plans.</p>
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<p style="text-align: justify;">However, the grading remains constrained by the low possibility of equity holders receiving dividend payments in the medium term (2-3 years) due to the weak financial profile and weak solvency indicators of the company, mentioned ICRA.</p>
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'content' => '<p style="text-align: justify;">April 16: ICRA Nepal has assigned grade 4 rating to the proposed rights issue of NB Insurance Company Limited (NBIL). The grade indicates below average fundamentals to the proposed rights issue of the company amounting to Rs 270 million.</p>
<p style="text-align: justify;">NBIL is set to issue 1:1 rights shares of 2,700,000 numbers of equity shares with face value Rs 100 each to its existing shareholders at par. The proposed issue is being made to augment the capital base to support future growth plans.</p>
<p style="text-align: justify;">As per ICRA, it has taken into account the improvement in the performance of NBIL after resumption of business in June 2015, under new set of owners and management team. NBIL has suffered from significant erosion in market share/reputation following the charges of financial misappropriation leveled against the erstwhile promoters. The allegation led to suspension of NBIL’s business operations between December 2013 and June 2015.</p>
<p style="text-align: justify;">However, the grading remains constrained by the low possibility of equity holders receiving dividend payments in the medium term (2-3 years) due to the weak financial profile and weak solvency indicators of the company, mentioned ICRA.</p>
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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
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Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
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'content' => '<p style="text-align: justify;">April 16: ICRA Nepal has assigned grade 4 rating to the proposed rights issue of NB Insurance Company Limited (NBIL). The grade indicates below average fundamentals to the proposed rights issue of the company amounting to Rs 270 million.</p>
<p style="text-align: justify;">NBIL is set to issue 1:1 rights shares of 2,700,000 numbers of equity shares with face value Rs 100 each to its existing shareholders at par. The proposed issue is being made to augment the capital base to support future growth plans.</p>
<p style="text-align: justify;">As per ICRA, it has taken into account the improvement in the performance of NBIL after resumption of business in June 2015, under new set of owners and management team. NBIL has suffered from significant erosion in market share/reputation following the charges of financial misappropriation leveled against the erstwhile promoters. The allegation led to suspension of NBIL’s business operations between December 2013 and June 2015.</p>
<p style="text-align: justify;">However, the grading remains constrained by the low possibility of equity holders receiving dividend payments in the medium term (2-3 years) due to the weak financial profile and weak solvency indicators of the company, mentioned ICRA.</p>
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'content' => '<p style="text-align: justify;">April 16: ICRA Nepal has assigned grade 4 rating to the proposed rights issue of NB Insurance Company Limited (NBIL). The grade indicates below average fundamentals to the proposed rights issue of the company amounting to Rs 270 million.</p>
<p style="text-align: justify;">NBIL is set to issue 1:1 rights shares of 2,700,000 numbers of equity shares with face value Rs 100 each to its existing shareholders at par. The proposed issue is being made to augment the capital base to support future growth plans.</p>
<p style="text-align: justify;">As per ICRA, it has taken into account the improvement in the performance of NBIL after resumption of business in June 2015, under new set of owners and management team. NBIL has suffered from significant erosion in market share/reputation following the charges of financial misappropriation leveled against the erstwhile promoters. The allegation led to suspension of NBIL’s business operations between December 2013 and June 2015.</p>
<p style="text-align: justify;">However, the grading remains constrained by the low possibility of equity holders receiving dividend payments in the medium term (2-3 years) due to the weak financial profile and weak solvency indicators of the company, mentioned ICRA.</p>
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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]
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<p style="text-align: justify;">NBIL is set to issue 1:1 rights shares of 2,700,000 numbers of equity shares with face value Rs 100 each to its existing shareholders at par. The proposed issue is being made to augment the capital base to support future growth plans.</p>
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<p style="text-align: justify;">However, the grading remains constrained by the low possibility of equity holders receiving dividend payments in the medium term (2-3 years) due to the weak financial profile and weak solvency indicators of the company, mentioned ICRA.</p>
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<p style="text-align: justify;">NBIL is set to issue 1:1 rights shares of 2,700,000 numbers of equity shares with face value Rs 100 each to its existing shareholders at par. The proposed issue is being made to augment the capital base to support future growth plans.</p>
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<p style="text-align: justify;">However, the grading remains constrained by the low possibility of equity holders receiving dividend payments in the medium term (2-3 years) due to the weak financial profile and weak solvency indicators of the company, mentioned ICRA.</p>
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include - APP/View/Articles/view.ctp, line 116
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
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Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
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<p style="text-align: justify;">As per ICRA, it has taken into account the improvement in the performance of NBIL after resumption of business in June 2015, under new set of owners and management team. NBIL has suffered from significant erosion in market share/reputation following the charges of financial misappropriation leveled against the erstwhile promoters. The allegation led to suspension of NBIL’s business operations between December 2013 and June 2015.</p>
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April 16: ICRA Nepal has assigned grade 4 rating to the proposed rights issue of NB Insurance Company Limited (NBIL). The grade indicates below average fundamentals to the proposed rights issue of the company amounting to Rs 270 million.
NBIL is set to issue 1:1 rights shares of 2,700,000 numbers of equity shares with face value Rs 100 each to its existing shareholders at par. The proposed issue is being made to augment the capital base to support future growth plans.
As per ICRA, it has taken into account the improvement in the performance of NBIL after resumption of business in June 2015, under new set of owners and management team. NBIL has suffered from significant erosion in market share/reputation following the charges of financial misappropriation leveled against the erstwhile promoters. The allegation led to suspension of NBIL’s business operations between December 2013 and June 2015.
However, the grading remains constrained by the low possibility of equity holders receiving dividend payments in the medium term (2-3 years) due to the weak financial profile and weak solvency indicators of the company, mentioned ICRA.
Moreover, ICRA states that although the proposed equity injection will strengthen the capital base to some extent, the company is likely to require further capital injection and/or internal accruals to improve its capitalisation levels.
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View::_evaluate() - CORE/Cake/View/View.php, line 971
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<p style="text-align: justify;">NBIL is set to issue 1:1 rights shares of 2,700,000 numbers of equity shares with face value Rs 100 each to its existing shareholders at par. The proposed issue is being made to augment the capital base to support future growth plans.</p>
<p style="text-align: justify;">As per ICRA, it has taken into account the improvement in the performance of NBIL after resumption of business in June 2015, under new set of owners and management team. NBIL has suffered from significant erosion in market share/reputation following the charges of financial misappropriation leveled against the erstwhile promoters. The allegation led to suspension of NBIL’s business operations between December 2013 and June 2015.</p>
<p style="text-align: justify;">However, the grading remains constrained by the low possibility of equity holders receiving dividend payments in the medium term (2-3 years) due to the weak financial profile and weak solvency indicators of the company, mentioned ICRA.</p>
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include - APP/View/Elements/side_bar.ctp, line 60
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<p style="text-align: justify;">Moreover, ICRA states that although the proposed equity injection will strengthen the capital base to some extent, the company is likely to require further capital injection and/or internal accruals to improve its capitalisation levels. </p>
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<p style="text-align: justify;">NBIL is set to issue 1:1 rights shares of 2,700,000 numbers of equity shares with face value Rs 100 each to its existing shareholders at par. The proposed issue is being made to augment the capital base to support future growth plans.</p>
<p style="text-align: justify;">As per ICRA, it has taken into account the improvement in the performance of NBIL after resumption of business in June 2015, under new set of owners and management team. NBIL has suffered from significant erosion in market share/reputation following the charges of financial misappropriation leveled against the erstwhile promoters. The allegation led to suspension of NBIL’s business operations between December 2013 and June 2015.</p>
<p style="text-align: justify;">However, the grading remains constrained by the low possibility of equity holders receiving dividend payments in the medium term (2-3 years) due to the weak financial profile and weak solvency indicators of the company, mentioned ICRA.</p>
<p style="text-align: justify;">Moreover, ICRA states that although the proposed equity injection will strengthen the capital base to some extent, the company is likely to require further capital injection and/or internal accruals to improve its capitalisation levels. </p>
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
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'summary' => 'April 16: ICRA Nepal has assigned grade 4 rating to the proposed rights issue of NB Insurance Company Limited (NBIL). The grade indicates below average fundamentals to the proposed rights issue of the company amounting to Rs 270 million.',
'content' => '<p style="text-align: justify;">April 16: ICRA Nepal has assigned grade 4 rating to the proposed rights issue of NB Insurance Company Limited (NBIL). The grade indicates below average fundamentals to the proposed rights issue of the company amounting to Rs 270 million.</p>
<p style="text-align: justify;">NBIL is set to issue 1:1 rights shares of 2,700,000 numbers of equity shares with face value Rs 100 each to its existing shareholders at par. The proposed issue is being made to augment the capital base to support future growth plans.</p>
<p style="text-align: justify;">As per ICRA, it has taken into account the improvement in the performance of NBIL after resumption of business in June 2015, under new set of owners and management team. NBIL has suffered from significant erosion in market share/reputation following the charges of financial misappropriation leveled against the erstwhile promoters. The allegation led to suspension of NBIL’s business operations between December 2013 and June 2015.</p>
<p style="text-align: justify;">However, the grading remains constrained by the low possibility of equity holders receiving dividend payments in the medium term (2-3 years) due to the weak financial profile and weak solvency indicators of the company, mentioned ICRA.</p>
<p style="text-align: justify;">Moreover, ICRA states that although the proposed equity injection will strengthen the capital base to some extent, the company is likely to require further capital injection and/or internal accruals to improve its capitalisation levels. </p>
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'content' => '<p style="text-align: justify;">April 16: ICRA Nepal has assigned grade 4 rating to the proposed rights issue of NB Insurance Company Limited (NBIL). The grade indicates below average fundamentals to the proposed rights issue of the company amounting to Rs 270 million.</p>
<p style="text-align: justify;">NBIL is set to issue 1:1 rights shares of 2,700,000 numbers of equity shares with face value Rs 100 each to its existing shareholders at par. The proposed issue is being made to augment the capital base to support future growth plans.</p>
<p style="text-align: justify;">As per ICRA, it has taken into account the improvement in the performance of NBIL after resumption of business in June 2015, under new set of owners and management team. NBIL has suffered from significant erosion in market share/reputation following the charges of financial misappropriation leveled against the erstwhile promoters. The allegation led to suspension of NBIL’s business operations between December 2013 and June 2015.</p>
<p style="text-align: justify;">However, the grading remains constrained by the low possibility of equity holders receiving dividend payments in the medium term (2-3 years) due to the weak financial profile and weak solvency indicators of the company, mentioned ICRA.</p>
<p style="text-align: justify;">Moreover, ICRA states that although the proposed equity injection will strengthen the capital base to some extent, the company is likely to require further capital injection and/or internal accruals to improve its capitalisation levels. </p>
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