MIRA INFORM REPORT

 

 

Report Date :

23.04.2007

 

IDENTIFICATION DETAILS

 

Name :

Shahjalal Paper Store

 

 

Registered Office :

Noorjahan Paper Market, 25, Zindabahar 1st Lane, Nayabazr, Dhaka - 1100,

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

April, 1985

 

 

Legal Form :

Proprietorship Company

 

 

Line of Business :

Importing and selling of all types paper and paper boards.

 

 

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

 

 

Report on

 

Shahjalal Paper Store

 

 

Address

 

Noorjahan Paper Market

25, Zindabahar 1st Lane,

Nayabazr,

Dhaka - 1100,

Bangladesh

Telephones        : 880-2-7394277

Fax                   : 880-2-7394277

E-mail               : NIL

 

 

SUMMARY

 

Established                                           : April,1985

Incorporation No.                                    : N/A

Incorporation Dated                                : N/A

Proprietor & CEO                                   : Mr. M. Monir Hossain

 

 

Employees                       

 

5

 

Executives-                      1

Sales Staffs-                    2

General Staffs-                2

                         

 

BANK

 

Mercantile Bank Limited,

Nayabazar Branch,

Dhaka

 

                                                                

FACTORY

 

N/A

 

                                   

BRANCH 

           

NIL

 

OFFICE AREA

 

280 sq. ft.(rented)

 

 

FACTORY AREA

 

N/A

 

 

WAREHOUSE AREA

 

850 sq. ft.(rented)

 

 

PROPRIETOR

 

Mr. M. Monir Hossain

                                                                                                      

                                   

HISTORY

 

The subject is established in April, 1985 2004 by Mr. M. Monir Hossain in Dhaka city.

 

 

BUSINESS

 

The company is engaged in Importing and selling of all types paper and paper boards.

 

 

ITEMS DEALING IN

                       

Papers

Paper Boards

 

                                                                       

TERMS OF SALES

 

Cash

Credit

 

 

IMPORT FROM

 

Indonesia

India

                                                                       

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    

 

                                    2005                             2004                             2003                

 

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

 

Turnover                        Tk.45 million                  Tk.44.3 million               Tk.44.7 million

 

Liability                         NIL                               NIL                               NIL

                 

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

 

 

CAPITAL STRUCTURE

 

Authorized Capital                      N/A

Paid up Capital                          N/A

Each share value                       N/A

 

                                            

EXCHANGE RATE

 

GB Pound                     1.00=Tk.136.2447

US Dollar                      1.00=Tk. 69.8575

Europe Euro                  1.00=Tk. 92.5186

Japanese Yen                1.00=Tk.  0.5973

Australian Dollar            1.00=Tk. 55.1852

 

 

COMMENTS

 

The subject is a proprietorship company engaged in importing and selling of all types papers and paper boards for the local markets. They are well reputed in the local papers trade circles.

 

Mr. M. Monir Hossain, the proprietor of the company is an experienced businessman. He is financially solvent and strong at his business commitments, it is reported.

 

The company is good 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

NR

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

No Rating

 

 

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%)

 

 

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