MIRA INFORM REPORT

 

 

Report Date :

2nd November 2006

 

IDENTIFICATION DETAILS

 

Name :

BARISAL SURGICAL

 

 

Registered Office :

Rizia Mansion (1st Floor),

34/1,Mitford Road,

Dhaka-1100,

Bangladesh

 

 

Country :

Bangladesh

 

 

Financials (as on) :

2005

 

 

Date of Incorporation :

March, 1991

 

 

Legal Form :

Proprietorship company

 

 

Line of Business :

Engaged in importing and retailing of medical & surgical equipments

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

 

Name

 

BARISAL SURGICAL

 

 

Address

 

Rizia Mansion (1st Floor),

34/1,Mitford Road,

Dhaka-1100,

Bangladesh.

 

Telephones                                :880-2-7314147

Fax                                           : 880-2-7171767

E-mail                                       : bgs@bdcom.com

 

 

 

SUMMARY

 

Established                               : March,1991

 

Incorporation No.                        : N/A

 

Incorporation Dated                    : N/A

 

Status                                       : Satisfactory

 

Proprietor & CEO                       : Mr. Sankar Roy

 

Payment                                   : Regular

 

Litigation                                   : Nil

 

Capital Invested                         : Tk.5  million

 

Sales                                        : Tk.25 million

 

Employees                                : 12

  Executives-                             1

  Junior Executives-                    1

  Sales Staffs-                            6

  Supervisory Staff-                     1

  Support Staff-                          1

              General Staffs-                         2

           

 

 

BANK

 

1  Standard Chartered Bank

Dilkusha Commercial Area,

Dhaka.

 

1  National Bank Limited

Bangshal Branch,

Dhaka

 

 

FACTORY

 

N/A

 

 

BRANCH  & SALES CENTRE

 

1 Mokka Surgical Market,

18/2, Topkhana Road,

(Near MBA Bhaban),

Dhaka-1000

Tel.880-1711-593881

E-Mail.bgs@hotmail.com

 

 

OFFICE AREA

 

350 sq.ft.(rented)

 

 

FACTORY AREA

 

N/A

 

 

WAREHOUSE AREA

 

800 sq.ft.(rented)

 

 

PROPRIETOR

 

Mr.Sankar Roy

 

 

HISTORY

 

The subject is established in March, 1991 by Mr. Sankar Roy in Dhaka city for doing business in importing and selling of medical and surgical equipments.

 

 

BUSINESS

 

The concern is engaged in Importing and Retailing of Medical & Surgical Equipments.

 

 

ITEMS DEALING IN

 

1 All kind of Medical and Surgical Equipments

 

 

TERMS OF SALES

 

1 Cash

1 Credit

 

 

MAJOR PRINCIPAL

 

1 Romson Internation--India

 

 

NAME OF GROUP

 

NIL

 

 

NAME SISTER CONCERN

 

1 G.S.Surgical Centre, Dhaka

 

 

MEMBER

 

1 Dhaka Chamber of Commerce & Industries, Dhaka.

 

 

LEGAL FORM

 

The subject is a proprietorship company.

 

 

FINANCIAL INFORMATION

 

2005                             2004                             2003

 

Capital Invested             Tk.5 million                    Tk.5 million                    Tk.5 million

 

Turnover                        Tk.25 million                  Tk.24.5 million               Tk.24.8 million

 

Liability                         NIL                               NIL                               NIL

 

Fixed Assets                 Tk.10 million                  Tk.10 million                  Tk.9 million

 

 

CAPITAL STRUCTURE

 

Authorized Capital                      N/A

 

Paid up Capital                          N/A

 

Each share value                       N/A

 

 

EXCHANGE RATE

 

GB Pound             1.00=Tk.130.9764

US Dollar               1.00=Tk. 69.8000

Europe Euro           1.00=Tk. 89.3847

Japanese Yen         1.00=Tk.  0.6098

Australian Dollar     1.00=Tk. 53.3891

 

 

COMMENTS

 

Subject is a proprietorship concern engaged in importing and retailing of medical and surgical equipments.

 

Mr. Sankar Roy, the proprietor of the concern is an experienced businessman of good reputation. He is quite well known in local surgical trade circle.

 

The concern can be considered normal for business dealing at usual trade term and conditions.

 

 

 

                       

 

 

 

 

 

 

 

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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions