Attachment 1
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Report
Update On |
4th November, 2000 |
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Report on |
PUBALI AGENCIES LIMITED |
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Registered Office |
R. B. Court, 1/F-1. 54
Agrabad Commercial Area, Chittagong, Bangladesh |
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Tel. No. |
(880 31) 502620 / 502694 / 713441 |
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Fax No. |
(880 31) 710049 |
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E-Mail |
-- |
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Telex |
-- |
Attachment 2
SUMMARY
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Incorporated |
1975 |
Status |
Satisfactory |
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Registration No. |
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Chief Executive |
Mr. Mohammad Nasiruddin |
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Capital (TAKA) |
5,000,000 |
Payments |
Regular |
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Sales (TAKA) |
12,000,000 |
Litigation |
-- |
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Net Worth |
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Banking Reputation |
Satisfactory |
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No. of Employees |
14 |
Auditors |
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Credit Rating |
Ba (See attachment 3) |
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ADDRESS
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Building |
R B Court, 1/F-1 |
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Area |
54 Agrabad Commercial Area |
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Town |
Chittagong |
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Country |
Bangladesh |
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Telephone |
(880 31) 502620 / 502694 / 713441 |
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Fax |
(880 31) 710049 |
SENIOR COMPANY PERSONNEL
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Name |
Position |
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Mohammad Nasiruddin |
Managing Director |
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Ziauddin Ahmed |
Director |
Total Employees : 14
PAYMENTS
No complaints have been heard regarding payments from local suppliers or banks.
This is a well established company operating since 1975.
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 600,000
PRINCIPAL BANKERS
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NAME |
GRINDLAYS BANK |
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Branch |
Agrabad Commercial Area |
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Town |
Chittagong |
The company also has an account with the following bank :
Dhaka Bank, Agrabad branch, Chittagong
FINANCIAL INFORMATION
Balance sheets are not available. However, the subject interviewed offered the following information :
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Sales Turnover |
TAKA 12,000,000 - 1999 - exact |
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Net Profit |
not given |
LEGAL STATUS AND HISTORY
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Date Started |
1975 |
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History |
The company was established in 1975. It was
incorporated in Bangladesh in 1976. |
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Membership |
Chittagong Chamber of Commerce & Industry,
Chittagong. |
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Authorised
Capital |
TAKA 10,000,000 |
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Paid up
Capital |
TAKA
5,000,000 |
Private Limited Liability Company with the following directors :
1. Mohammad Nasiruddin
2. Ziauddin Ahmed
ACTIVITIES
The Company is involved in the following activities :
Marketers of consumer goods and machinery of foreign manufacturers.
They also work as buying agents of garments and frozen foods.
The company is listed with various Government agencies as general suppliers and they regularly takes part in the international traders on behalf of their principals.
Main foreign buyers :
- Vanguard Hong-Kong Ltd. - Hong Kong
- Washin Industrial Company Limited - Korea
- Blue Bell International (Private) Limited - India
FACILITIES
The Company has the following facilities :
Rented office comprising 200 sq. feet located at the heading address.
BRANCH OFFICES
127, Motijheel Commercial Area
(3rd floor)
Dhaka
Attachment 3
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SCORE SHEET |
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SCORE |
CREDIT 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. Maybe drawn to slightly
difficult position as unfavourable conditions arise. Minimal assurance for
timely payment on interest and principal sums |
Moderate |
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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 |
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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 |
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
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Thank you.
______________________________________________________________________________
To : MIRA INFORM PRIVATE
LIMITED
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the appropriate box.
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Company’s Stamp &
Signature