MIRA
INFORM REPORT
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Report Date : |
10.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
Lexus Tour & Travels |
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Registered Office : |
Sonatori Tower (9th Floor),12,BipononCommercial Area,Sonargoan Road, Dhaka-1000 |
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Country : |
Bangladesh. |
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Date of Incorporation : |
July,2006 |
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Legal Form : |
The subject is a proprietorship company |
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Line of Business : |
The company is engaged as package Tour Operator, Travels Agents and other
related business. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Report on
Lexus Tour & Travels
Address
Sonatori Tower (9th Floor),
12,BipononCommercial Area,
Sonargoan Road,
Dhaka-1000,
Bangladesh.
Telephones :880-2-9671336,9676903
Fax : 880-2-9676903
E-mail : info@lexusbd.com
SUMMARY
Established : July,2006
Incorporation No. : N/A
Incorporation Dated : N/A
Status : Satisfactory
Proprietor & CEO : Mr.Ajit Kumar Shaha
Payment : Regular
Litigation : Nil
Capital Invested : Tk.5 million
Sales : New Company
Employees : 6
Executives- 2
Sales Staffs- 2
General Staffs- 2
BANK
Eastern Bank Limited,
Jiban Bima Tower,
Dilkusha Commercial Area,
Dhaka.
FACTORY
N/A
BRANCH
NIL
OFFICE AREA
450 sq.ft.(rented)
FACTORY AREA
N/A
WAREHOUSE AREA
N/A
PROPRIETOR
Mr.Ajit Kumar Shaha
HISTORY
The subject is established in July by Mr.Ajit Kumar Shaha in Dhaka city.
BUSINESS
The company is engaged as Package Tour Operator, Travels Agents and other related business.
ITEMS DEALING IN
Air Ticketing
Packaging Tour
Hotel Reservation
Visa Assistances
Airport Transfers
TERMS OF SALES
Cash
Credit
NAME OF GROUP
NIL
NAME SISTER CONCERN
NIL
MEMBER
Dhaka Chamber of Commerce & Industries, Dhaka.
LEGAL FORM
The subject is a proprietorship company.
FINANCIAL
INFORMATION
2006
Capital Invested Tk.5 million
Turnover New Company
Liability NIL
Fixed Assets Tk.3 million
CAPITAL STRUCTURE
Authorized Capital N/A
Paid up Capital N/A
Each share value N/A
EXCHANGE RATE
GB Pound 1.00=Tk.138.0118
US Dollar 1.00=Tk. 70.4700
Europe Euro 1.00=Tk. 92.7535
Japanese Yen 1.00=Tk. 0.5992
Australian Dollar 1.00=Tk. 55.5718
COMMENTS
The subject is a proprietorship company engaged as package tour operator, travel agency and other related business. The subject is quite well known in the local trade circle.
Mr.Ajit Kumar Shaha, the proprietor of the company is an experienced businessman of good reputation.
The company is good for normal business engagements.
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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)