April
26, 2001
NAME
PROGATI
ENTERPRISES
ADDRESS
|
Street |
2nd Floor, 210-211
Nawabpur Road |
|
|
|
|
Town |
Dhaka 1100 |
|
Country |
Bangladesh |
|
|
|
|
Telephone |
(880 2) 955 54444 /
712 3742-4 |
|
Fax |
(880 2) 831 3095 / 256
6022 |
|
E-Mail |
builders@bdonline.com |
SENIOR
COMPANY PERSONNEL
Name Position
Kamal Uddin Proprietor
Total
Employees : 22
PAYMENTS
No complaints
have been heard regarding payments from local suppliers or banks.
We consider
it is acceptable to deal with subject for SMALL amounts, although it is normal
accepted practice for international suppliers to deal on secured terms with
Bangladeshi importers.
Opinion on
maximum credit : TAKA 300,000
PRINCIPAL
BANKERS
|
NAME |
PRIME BANK LIMITED |
|
|
|
|
Branch |
Motijheel |
|
Town |
Dhaka |
The company
also has an account with the following banks:
Islami Bank
Ltd
Local Office
Branch
Dilkusha,
Dhaka
FINANCIAL
INFORMATION
Balance sheets
are not available. However, the subject interviewed offered the following
information :
|
Sales Turnover |
TAKA 2,500,000 - 2000 - approx |
|
|
|
|
Net Profit |
not given |
|
|
|
|
Total Assets |
TAKA 5,000,000 - 2000 - approx |
|
|
|
|
Capital Investment |
TAKA 1,000,000 - 2000 - approx |
LEGAL
STATUS AND HISTORY
|
Date Started |
1996 |
|
|
|
|
Membership |
Dhaka Chamber of
Commerce & Industry, Dhaka. |
|
|
Bangladesh Machinery
Merchant Association |
|
|
|
|
Capital |
not applicable |
Proprietorship
owned by Kamal Uddin
Subject is a
member of the CBM Group which consists of the following companies :
1. Chittagong
Builders and Mahinery
2. Builders
Pumpand company
3. Al-Amin
money Exchange
4. Merchant securities
Ltd
5. DIOT
Corporation
6. CBM Pipe
Ltd
ACTIVITIES
The Company
is involved in the following activities :
Importers and
wholesalers of agricultural equipment and electric equipment.
Suppliers
include :
- Chabzhou
Tractor Plant, China
- Zhejiang
Sifang Group Corp, China
Agricultural
equipments & electrical parts and various tools of the manufacturers of
Taiwan China, Japan and Korea. The company also takes part in the international
tenders on behalf of their foreign principals.
FACILITIES
The Company
has the following facilities :
Owned office
(624 sq ft) and warehouse (1,800 sq ft) located at the heading address.
REGISTERED
OFFICE
80 Nawabpur
Road
Dhaka 1100
SPECIAL
NOTE
Regarding
your query :
|
Capital |
TAKA 10,000,000 - 2000 - approx |
should have
been shown as the following :
|
Capital Investment |
TAKA 1,000,000 - 2000 - approx |
We apologize
for the error and the inconvenience we may have caused.
NAME
PROGATI
ENTERPRISES
CURRENT WORKING/NEWS
ADDRESS
|
Street |
2nd Floor, 210-211
Nawabpur Road |
|
|
|
|
Town |
Dhaka 1100 |
|
Country |
Bangladesh |
|
|
|
|
Telephone |
(880 2) 955 54444 /
712 3742-4 |
|
Fax |
(880 2) 831 3095 / 256
6022 |
|
E-Mail |
builders@bdonline.com |
SENIOR
COMPANY PERSONNEL
Name Position
Kamal Uddin Proprietor
Total
Employees : 22
PAYMENTS
No complaints
have been heard regarding payments from local suppliers or banks.
We consider it
is acceptable to deal with subject for SMALL amounts, although it is normal
accepted practice for international suppliers to deal on secured terms with
Bangladeshi importers.
Opinion on
maximum credit : TAKA 300,000
PRINCIPAL
BANKERS
|
NAME |
PRIME BANK LIMITED |
|
|
|
|
Branch |
Motijheel |
|
Town |
Dhaka |
The company
also has an account with the following banks:
Islami Bank
Ltd
Local Office
Branch
Dilkusha,
Dhaka
FINANCIAL
INFORMATION
Balance sheets
are not available. However, the subject interviewed offered the following
information :
|
Sales Turnover |
TAKA 2,500,000 - 2000 - approx |
|
|
|
|
Net Profit |
not given |
|
|
|
|
Total Assets |
TAKA 5,000,000 - 2000 - approx |
|
|
|
|
Capital Investment |
TAKA 1,000,000 - 2000
- approx |
LEGAL
STATUS AND HISTORY
|
Date Started |
1996 |
|
|
|
|
Membership |
Dhaka Chamber of
Commerce & Industry, Dhaka. |
|
|
Bangladesh Machinery
Merchant Association |
|
|
|
|
Capital |
not applicable |
Proprietorship
owned by Kamal Uddin
Subject is a
member of the CBM Group which consists of the following companies :
1. Chittagong
Builders and Mahinery
2. Builders
Pumpand company
3. Al-Amin
money Exchange
4. Merchant securities
Ltd
5. DIOT
Corporation
6. CBM Pipe
Ltd
ACTIVITIES
The Company
is involved in the following activities :
Importers and
wholesalers of agricultural equipment and electric equipment.
Suppliers
include :
- Chabzhou
Tractor Plant, China
- Zhejiang
Sifang Group Corp, China
Agricultural
equipments & electrical parts and various tools of the manufacturers of
Taiwan, China, Japan and Korea. The company also takes part in the
international tenders on behalf of their foreign principals.
FACILITIES
The Company
has the following facilities :
Owned office
(624 sq ft) and warehouse (1,800 sq ft) located at the heading address.
REGISTERED
OFFICE
80 Nawabpur
Road
Dhaka 1100
SPECIAL
NOTE
Regarding your query :
Capital : TAKA 10,000,000 – 2000 – approx.
Should have been shown as the following :
Capital Investment : TAKA 1,000,000 – 2000 – approx.
We apologize for the error and the inconvenience we may have caused.
With regards to your third query.
For us to obtain information on CBM Group, we would have to compile a report. Do you wish us to compile a report on CBM Group.
EXCHANGE RATE: USD1./= (TAKA)(5) 54.10
Attachment 1
|
Report
Update On |
25th January, 2001 |
|
|
|
|
Report on |
PROGATI ENTERPRISES |
|
|
|
|
Registered Office |
2nd Floor, 210-211, Nawabpur Rad, Dhaka 1100, Bangladesh |
|
|
|
|
Tel. No. |
(880 2) 9555444 / 7123742 – 4 |
|
Fax No. |
(880 2) 8313095 / 2566022 |
|
E-Mail |
|
|
Telex |
-- |
Attachment 2
SUMMARY
|
Incorporated |
1996 |
Status |
Satisfactory |
|
|
|
|
|
|
|
|
Registration No. |
|
Chief Executive |
Mr. Kamal Uddin |
|
|
|
|
|
|
|
|
Capital (Taka) |
10,000,000 |
Payments |
Regular |
|
|
|
|
|
|
|
|
Sales (Taka) |
2,500,000 |
Litigation |
-- |
|
|
|
|
|
|
|
|
Net Worth |
|
Banking Reputation |
Satisfactory |
|
|
|
|
|
|
|
|
No. of Employees |
22 |
Auditors |
|
|
|
|
|
|
|
|
|
Credit Rating |
Ba (See attachment 3) |
|
||
ADDRESS
|
Street |
2nd Floor, 210-211
Nawabpur Road |
|
|
|
|
Town |
Dhaka 1100 |
|
Country |
Bangladesh |
|
|
|
|
Telephone |
(880 2) 955 54444 /
712 3742-4 |
|
Fax |
(880 2) 831 3095 / 256
6022 |
|
E-Mail |
builders@bdonline.com |
SENIOR
COMPANY PERSONNEL
Name Position
Kamal Uddin Proprietor
Total
Employees : 22
PAYMENTS
No complaints
have been heard regarding payments from local suppliers or banks.
We consider
it is acceptable to deal with subject for SMALL amounts, although it is normal
accepted practice for international suppliers to deal on secured terms with
Bangladeshi importers.
Opinion on
maximum credit : TAKA 300,000
PRINCIPAL
BANKERS
|
NAME |
PRIME BANK LIMITED |
|
|
|
|
Branch |
Motijheel |
|
Town |
Dhaka |
The company
also has an account with the following banks:
Islami Bank
Ltd
Local Office
Branch
Dilkusha,
Dhaka
FINANCIAL
INFORMATION
Balance
sheets are not available. However, the subject interviewed offered the
following information :
|
Sales Turnover |
TAKA 2,500,000 - 2000 - approx |
|
|
|
|
Net Profit |
not given |
|
|
|
|
Total Assets |
TAKA 5,000,000 - 2000 - approx |
|
|
|
|
Capital |
TAKA 10,000,000 - 2000
- approx |
LEGAL
STATUS AND HISTORY
|
Date Started |
1996 |
|
|
|
|
Membership |
Dhaka Chamber of
Commerce & Industry, Dhaka. |
|
|
Bangladesh Machinery
Merchant Association |
|
|
|
|
Capital |
not applicable |
Proprietorship
owned by Kamal Uddin
Subject is a
member of the CBM Group which consists of the following companies :
1. Chittagong
Builders and Mahinery
2. Builders
Pumpand company
3. Al-Amin
money Exchange
4. Merchant
securities Ltd
5. DIOT
Corporation
6. CBM Pipe
Ltd
ACTIVITIES
The Company
is involved in the following activities :
Importers and
wholesalers of agricultural equipment and electric equipment.
Suppliers
include :
- Chabzhou Tractor
Plant, China
- Zhejiang
Sifang Group Corp, China
Agricultural
equipments & electrical parts and various tools of the manufacturers of
Taiwan China,Japan and Korea. The company also takes part in the international
tenders on behalf of their foreign principals.
FACILITIES
The Company
has the following facilities :
Owned office
(624 sq ft) and warehouse (1,800 sq ft) located at the heading address.
REGISTERED
OFFICE
80 Nawabpur
Road
Dhaka 1100
EXCHANGE RATE: USD1./= (TAKA)(5) 54.10
Attachment 3
|
SCORE SHEET |
|
SCORE |
CREDIT 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. Maybe drawn to slightly
difficult position as unfavourable conditions arise. Minimal assurance for
timely payment on interest and principal sums |
Moderate |
|
26-40 |
B |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively limited or considered
not known. Capability to pay both interest and principal sums is doubtful |
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 |
Attachment 4
ACKNOWLEDGEMENT
Dear Sir/Madam,
As part of our control
system, please fax/email us this note
upon receipt of this report. If we do not receive the acknowledgement within 24
hours, we will assume that our report meets your requirement. If you have any suggestion
to help us improve our reports and services, please do not hesitate to let us
know.
Thank you.
______________________________________________________________________________
To : MIRA INFORM PRIVATE
LIMITED
From :
To :
Feedback – Please tick
the appropriate box.
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Further Comments/Suggestion :
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