IDENTIFICATION DETAILS

Name :	MAJUMDER ENTERPRISES LIMITED

Registered Office :	Kalibari Market, Station Bazaar, Noapara, Jessore.

Date of Incorporation :	24-05-2001

Legal Form :	Private limited company

Line of Business :	Engaged in importing, distributing and whole selling of different types of commodities

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

MAJUMDER ENTERPRISES LIMITED

Address

Kalibari Market,
Station Bazaar,
Noapara,
Jessore.

Telephones           : 880-4222-791, 8031, 305
Fax                       : 880-4222-8031
E-mail                   : NIL

Branch

NIL

SUMMARY

Established                              : 2001

Incorporation No.                     : K-427

Incorporation dated                 : 24-05-2001

Status                                      : Satisfactory

Proprietor                                : Mr. Adyitya Majumder

Payment                                  : Regular

Litigation                                 : NIL

Capital Invested                       : Tk.1 Billion

Sales                                        : Tk.55 Billion

Employees                               : 40
Executives                      - 3
Jr.Executive                   - 7
Supervisory Staffs          - 8
Sales Staff                      -13
Support Staff                 - 4
General Staffs                - 5

BANK

Sonali Bank
Daulatpur Branch,
Khulna

FACTORY

N/A

DIRECTORS & SHAREHOLDERS

Mr.Chitta Majumder--Chairman
Mr.Aditya Majumder--Managing Director
Mr.Debashis Majumder
Ms.Ranjita Masjumder
Ms.Shibani Majumder
Ms.Meeli Majumder

HISTORY

The company was established in May, 2001 by Mr.Chitta Majumder an other directors at Noapara, district Jessore for doing the business of import of commodities and selling in the local market.

BUSINESS

The company is engaged in importing, distributing and whole selling of different types of commodities.

ITEMS DEALING IN

(1) Fertilizer
(2) Rice
(3) Wheat
(4) Cement
(5) Poultry Feeds

IMPORT FROM

India
China
Indonesia
Thailand
Australia
Canada

NAME OF THE GROUP

NIL

NAME OF THE SISTER CONCERNS

Diko International Limited, Jessore
(Importer, Distributor & Whole seller)

Majumder Traders, Jessore
(General Trading)

Majumder Enterprise, Jessore
(Importer, distributor & whole seller)

Majumder Trading Limited, Jessore
(General Trading)

MEMBER

Jessore Chamber of Commerce & Industry,Jessore

LEGAL FORM

The subject is a private limited company incorporated with the Registrar of Joint Stock of Companies, Khulna.

FINANCIAL INFORMATION

                                      2004                    2003                    2002

Capital Invested         Tk. 1 billion           Tk.1 Billion         Tk. 1 billion

Sales                              Tk. 55 billion        Tk. 53 billion        Tk. 51.9 million

Liability                        Tk. 11 million      Tk. 9.6 million      Tk. 9.3 million

Fixed Assets                  Tk. 1 billion          Tk. 1 billion          Tk.1 billion

CAPITAL INVESTED

Authorized Capital         : Tk.1 billion

Paid up Capital              : Tk.0.5 million

Each Share Value          : Tk.100.00 each

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

The subject is a family owned private limited company engaged in importing and selling of commodities. The subject has a good reputation in the local market as a genuine suppliers of commodities. They are well respected business family of the district.

The directors are very experienced and highly qualified businessman and they are financially very sound and good at their business commitments, it is reported.

The company is alright for normal business engagements

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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