MIRA INFORM REPORT

 

 

Report Date :

01.08.2007

 

IDENTIFICATION DETAILS

 

Name :

Nokia Siemens Networks

 

 

Registered Office :

House No. SW(1) 1-A, Road No. 8, Gulshan Avenue, Gulshan-1, Dhaka-1212

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

March,2007

 

 

Legal Form :

Bangladesh Office of a Foreign Telecommunication Company

 

 

Line of Business :

Engaged in the business all type of Telecommunication Network Services.

 

 

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 :

Regular

 

 

Litigation :

Clear

 

 

Report on

 

Nokia Siemens Networks

 

 

Address     

 

House No. SW(1) 1-A,

Road No.8,

Gulshan Avenue,

Gulshan-1,

Dhaka-1212,

Bangladesh

Telephones        : 880-2-9887271

Fax                   : 880-2-8819702

E-mail               : masud.mehedi@nsn.com

                                                                                                                                                              

 

SUMMARY

 

Established                               : March,2007

Incorporation No.                        : N/A

Incorporation Dated                    : N/A

Country Director & CEO             : Mr. Khalid Khan

 

 

Employees 

 

350                                                                                                                                                       

 

Executives-                                 4

Junior Executives-                      12

Communication Engineers-         25

Software Engineer-                     29

Hardware Engineers-                  22

Supervisory Staffs-                     54

Support Staffs-                           42

General Staffs-                           68

Technicians-                              94

                                               

 

BANK

 

HSBC,

Gulshan Branch,

Dhaka

 

Prime Bank Limited

Gulshan Branch,

Dhaka

 

 

 

BRANCH

 

NIL

 

 

FACTORY

 

N/A

                                                                       

 

OFFICE AREA

 

2,400 sq. ft. (rented)

 

                                   

FACTORY AREA

 

N/A

 

 

WAREHOUSE AREA

 

1,800 sq. ft (rented)

 

 

COUNTRY DIRECTOR

 

Mr. Khalid Khan                                                                                                                                    

 

 

HISTORY

 

The subject was established in March,2007 by Nokia Siemens Network of Germany as their Bangladesh office.

 

 

BUSINESS

 

The company is engaged in the business  all type of Telecommunication Network Services.

 

 

RANGE OF SERVICES

                       

Telecommunication

Fiber Optics

Transmission

Equipments for Mobile Network

                                                           

PRODUCTION POSITION

 

Yearly Production Capacity                     : N/A

Last year Production                              : N/A

 

 

MAJOR CLIENTS

           

Local Mobile Service Providers

             

 

TERMS OF SALES

 

Cash

Credit

 

 

NAME OF GROUP

                                   

NIL

 

 

SISTER CONCERN

 

NIL

 

 

MEMBER

 

NIL

 

 

LEGAL FORM

 

The subject is a Bangladesh office of a foreign Telecommunication Company.

 

 

FINANCIAL INFORMATION    

 

                                    2007    

 

Capital Invested             Tk.10 million

 

Turnover                        New Company

 

Liability                         NIL

 

Fixed Assets                 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.129.1870

US Dollar                      1.00=Tk. 68.6654

Europe Euro                  1.00=Tk. 87.0154

Japanese Yen                1.00=Tk.  0.5831

Australian Dollar            1.00=Tk. 52.3228

 

 

COMMENTS

 

Subject is the Bangladesh of a Joint Venture Company between Nokia of Finland and Siemens of Germany. The company engaged in selling Telecommunication Equipments to the local Mobile phone Service Provider on behalf of their overseas office.

 

Mr. Khalid Khan, the CEO of the subject is an experienced Telecommunication Executive who is well known in the local Telecommunication trade circle.

 

The company can be considered good for normal business dealings at usual trade terms 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

 

 

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