IDENTIFICATION DETAILS

Name :	GOLDEN TRADE INTERNATIONAL

Registered Office :	CN77/1, Kachukhet, Dhaka Cantonment, Dhaka-1217, Bangladesh

Date of Incorporation :	July, 1997

Legal Form :	Proprietorship concern

Line of Business :	Engaged as marketing agent, importer and supplier of special vehicles, armored vehicles, speed boats etc.

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

Payment Behaviour :	Regular

Litigation :	Clear

NAME

GOLDEN TRADE INTERNATIONAL

Head Office

CN77/1, Kachukhet,
Dhaka Cantonment,
Dhaka-1217,
Bangladesh.

Telephones           : 880-2-9121575, 8127488

Fax                       : 880-2-8159339

E-mail                  : gti@dhaka.net

SUMMARY

Established                              : July, 1997

Incorporation No.                     : N/A

Incorporation dated                 : N/A

Status                                      : Satisfactory

Proprietor                                : Major (retd.) Syed Mahmud Hassan

Payment                                  : Regular

Litigation                                 : NIL

Capital Invested                       : Tk.4.5 million

Sales                                        : Tk.30 million

Employees                               : 5
Executives            - 1
Jr.Executive         - 2
General Staff        - 2

BANK

Trust Bank Limited
Principal Office Branch,
Dhaka Cantonment,
Dhaka

FACTORY

N/A

PROPRIETOR

Major (Retd.) Syed Mahmud Hassan

HISTORY

The concern was established in Dhaka city in 1997 by Major (Retd.) Syed Mahmud Hassan.

BUSINESS

The concern is engaged as marketing agent, importer and supplier of special vehicles, armored vehicles, speed boats etc.

FOREIGN PRINCIPAL

Romtechnics - Romania
FB Design - Italy
New Era Equipments - Singapore

ENLISTED WITH

Director General Defence Purchases (DGDP) - Dhaka
Ministry Of Defense - Dhaka
Ministry of Civil Aviation - Dhaka

NAME OF THE GROUP

NIL

NAME OF THE SISTER CONCERNS

NIL

MEMBER

Dhaka Chamber of Commerce & Industry,Dhaka.

LEGAL FORM

The subject is a proprietorship concern.

FINANCIAL INFORMATION

                                      2004                    2003                    2002
Capital Invested          Tk. 4.5 million      Tk. 4.2 million     Tk. 3.8 million

Sales                             Tk. 30 million       Tk. 29.4 million    Tk. 29 million

Liability                        NIL                      NIL                     NIL

Fixed Assets               Tk. 10 million       Tk. 10 million       Tk.9.5 million

CAPITAL INVESTED

Authorized Capital         : N/A

Paid up Capital              : N/A

Each Share Value          : N/A

]

EXCHANGE RATE

GB Pound             1.00=Tk.116.6307
US Dollar              1.00=Tk.63.3440
Europe Euro         1.00=Tk.79.8476
Japanese Yenn     1.00=Tk. 0.5959

COMMENTS

Subject is a proprietorship company engaged as marketing agents, importers and suppliers of special vehicles, armored vehicles, speed boats and automobile equipments etc. Their major clients are Director General Defence Purchases (DGDP), Ministry Of Defense, Ministry of Civil Aviation and they are reputed as a reliable supplier of these products. They represent the top companies in the international market of these items.

Major (Retd.) Syed Mahmud Hassan, the proprietor of this company is an ex-army man who knows these things very well as reported .He is financially solvent and good at his business commitments, as reported.

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
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
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
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.	Small
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
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

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