MIRA
INFORM REPORT
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Report Date : |
20th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
PADMA
AGRO SPRAYERS CO |
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Registered Office : |
9/25,Humayn Road, Block-C, Mohammadpur, Dhaka,
Bangladesh |
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Country : |
Bangladesh |
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Financials (as on) : |
2004 |
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Date of Incorporation : |
1995 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Engaged
in importing and selling of pesticides and agri-Equipments |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
NAME
Padma Agro Sprayers Co
Address
9/25,Humayn Road,
Block-C,
Mohammadpur,
Dhaka,
Bangladesh.
Head Office
48, Kazi nazrul Islam Avenue(5th Floor),
Karwan Bazar,
Dhaka-1215,
Telephones: 880-2-8129748
Fax: 8809-2-8115386,8117663
E-mail: padmaagro@yahoo.com
SUMMARY
Established :
1995
Incorporation
No. :
N/A
Incorporation Dated :
N/A
Status :
Satisfactory
Proprietor & CEO :
Mr. M. Abdul Alim
Payment :
Regular
Litigation :
Nil
Capital Invested :
Tk.5 million
Sales :
Tk.15 million
Employees :
12
Executives- 2
Junior Executives- 2
Sales Staff- 6
General Staffs- 2
BANK
1 Islami Bank(BD) Limited
Mohammadpur Branch,
Dhaka,
FACTORY
N/A
BRANCH
Nil
OFFICE AREA
510 sq.ft.(rented)
FACTORY AREA
N/A
WAREHOUSE AREA
1,200 sq.ft (rented)
PROPRIETOR
Mr.M.Abdul Alim
HISTORY
The subject was established in 1995 by Mr.M.Abdul Alim in
Dhaka city.
BUSINESS
The company is engaged in importing and selling of
pesticides and agri-Equipments
ITEM DEALING IN
“ Pesticides
1Agri-Equipments
PRODUCTION POSITION
Yearly production Capacity :
N/A
Last year Production :
N/A
IMPORT FROM
1 China
1 India
TERMS OF PAYMENT
1 Cash
1 Credit
NAME OF GROUP
NILL
SISTER CONCERN
NIL
MEMBER
1 Dhaka
Chamber of Commerce & Industry, Dhaka.
LEGAL FORM
The subject is Proprietorship Company
FINANCIAL INFORMATION
2004 2004 2002
Capital Invested Tk.5 million Tk. 5
million Tk.4.8 million
Turnover Tk.15
million Tk.15 million Tk.14.8 million
Liability NIL NIL NIL
Fixed Assets Tk.8
million Tk.8 million Tk.7.6 million
CAPITAL STRUCTURE
Authorized Capital :N/A
Paid up Capital :N/A
Each share value :N/A
EXCHANGE RATE
GB Pound 1.00=Tk.118.9771
US Dollar 1.00=Tk.
67.0139
Europe Euro 1.00=Tk. 81.6356
Japanese Yen 1.00=Tk. 0.5858
Australian Dollar 1.00=Tk. 50.6070
COMMENTS
Subject is a small proprietorship concern engaged in
importing and selling pesticides and agri-equipments.
Mr. M. Abdul Alim, the proprietor of the concern is an
experienced businessman. He is well acquainted in his line of trade.
The concern can be considered for small to mediocre business
dealings at usual trade terms and conditions.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |