MIRA
INFORM REPORT
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Report Date : |
23rd
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
NOVALTEE
PHARMA |
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Registered Office : |
Room No.150, Gawsepak Bhaban, 28/G/1, Toyenbee Circular Road, Motijheel Commercial Area, Dhaka-1000, Bangladesh |
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Country : |
Bangladesh |
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Date of Incorporation : |
March
2004 |
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Legal Form : |
Proprietorship
Company |
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Line of Business : |
Importer
and Sellers of poultry, fish feeds & medicines. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Company name
NOVALTEE PHARMA
Address
Room
No.150,
Gawsepak
Bhaban,
28/G/1,
Toyenbee Circular Road,
Motijheel
Commercial Area,
Dhaka-1000,
Bangladesh.
Telephones : 880-1715-976479
Fax : NIL
E-mail : NIL
SUMMARY
Established : March,2004
Incorporation No. : N/A
Incorporation Dated : N/A
Status : Satisfactory
Proprietor & CEO : Mr.Atiqur Rahaman
Payment : Regular
Litigation : Nil
Capital Invested : Tk.3 million
Sales : Tk.8 million
Employees : 2
Executives- 1
Sales
Staff- 1
BANK
Islami Bank (BD) Limited
Local
Office Branch,
Motijheel
Commercial Area,
Dhaka,
FACTORY
N/A
BRANCH
NIL
PROPRIETOR
Mr.Atiqur
Rahman
HISTORY
The subject
was established in Dhaka city by Mr.Atiqur Rahman in March, 2004
BUSINESS
The concern
is engaged as importer and sellers of poultry, fish feeds & medicines
ITEM DEALING IN
Ø
Poultry Feeds
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Fish Feeds
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Poultry/ Fish Medicines
IMPORT FROM
China
Taiwan
India
MAJOR CLIENTS
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Local Poultry Firms
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Local Fishing Firms
TERMS OF SALES
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Cash
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Credit
NAME OF GROUP
NILL
SISTER CONCERN
NIL
MEMBER
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Bangladesh Poultry Feeds Association, Dhaka
Ø
Dhaka Chamber of Commerce & Industries, Dhaka.
LEGAL FORM
The subject
is a Proprietorship Company
FINANCIAL INFORMATION
2005 2004
Capital
Invested Tk.3 million Tk.
3 million
Turnover
Tk.8 million Tk.7.5 million
Liability NIL
NIL
Fixed
Assets Tk.5 million Tk.5 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 company engaged in importing and selling of poultry/fish and
medicines. They are quite well known in the local poultry /fish trade circle.
Proprietor
Mr.Atiqur Rahman is an experienced businessman of good reputation and well
acquainted in his line of trade.
The concern
can be considered normal for business dealings at usual trade terms and
conditions.
RATING EXPLANATIONS
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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. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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