MIRA
INFORM REPORT
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Report Date : |
07.08.2007 |
IDENTIFICATION DETAILS
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Name : |
JOINT TRADING CORPORATION LIMITED |
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Registered Office : |
Noa Para Bazar, Noapara, Jessore, |
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Country : |
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Financials (as on) : |
2006 |
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Date of Incorporation : |
29.12.1999 |
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Com. Reg. No.: |
K-387 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing and Selling of Commodities & manufacturer of Fertilizers |
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 : |
Regular |
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Litigation : |
Clear |
COMPANY NAME
JOINT TRADING CORPORATION LIMITED
Address
Noa Para Bazar,
Noapara,
Jessore,
Telephones : 880-4222-71290, 71127,
Fax : 880-4222-71639
E-mail :
NIL
SUMMARY
Established :
1999
Incorporation No. :
K-387
Incorporation Dated :
29th December,1999
Status :
Satisfactory
Managing Director & CEO :
Mr.Anisur Rahman
Payment :
Regular
Litigation :
Nil
Capital Invested :
Tk.110 million
Sales :
Tk.480 million
Employees : 408
Executives- 6
Junior Executives- 5
Engineers- 2
Junior Engineers- 1
Chemist- 2
Quality Control- 5
Field Staffs- 18
Supervisory- 15
General Staffs- 53
Workers- 301
BANK
Islami Bank Bangladesh Ltd
United Commercial Bank Limited
FACTORY
Noapara,
District.Jessore
BRANCH
NIL
OFFICE AREA
3,000 sq.ft. (own)
FACTORY AREA
93,600 sq.ft (own)
WAREHOUSE AREA
15,000 sq.st (own)
SHAREHOLDERS &
DIRECTORS
Mr.Anisur Rahman -Chairman &
Managing Director
Ms.Nahida Imam
Mr.Abdul Wahab
Ms.Ashia Parvin
Ms.Sumunahar
HISTORY
The subject was established by Mr.Anisur Rahman and other directors at
Noapara in Jessore district in the year 1999.
BUSINESS
The company is engaged in importing and selling of Commodities &
manufacturer of Fertilizers.
IMPORT ITEMS
Rice
Sugar
Wheat
Fertilizer
Cements
Onions
MANUFACTURING ITEM
NPKS Fertilizer
PRODUCTION POSITION
Yearly production Capacity :
75,000 m/tons
Last year production : 75,000
m/tons
TERMS OF SALES
Cash
Credit
IMPORT FROM
NAME OF GROUP
NIL
SISTER CONCERN
Sathi Traders,
M/S.Anisur Rahman
M/S.Abdul Wahab
MEMBER
Jessore Chamber of Commerce & Industries, Jessore.
LEGAL FORM
The subject is a private limited company incorporated with the Registrar
of Joint Stock Companies,
FINANCIAL
INFORMATION
2006 2005 2004
Capital Invested Tk.110 million Tk.110
million Tk.110
million
Turnover Tk.480
million Tk.479.8
million Tk.479.2 million
Liability Tk.32.6
million Tk.32.8 million Tk.31.3 million
Fixed Assets Tk.1
billion Tk.1 billion
Tk.995
million
CAPITAL STRUCTURE
Authorized Capital Tk.100
million
Paid up Capital Tk.200,000.00
Each share value Tk.100.00
each
EXCHANGE RATE
GB Pound 1.00=Tk.130.9764
US Dollar 1.00=Tk.
69.8000
Japanese Yen 1.00=Tk. 0.6098
Australian Dollar 1.00=Tk. 53.3891
COMMENTS
The subject is a family owned private limited company engaged in
importing and selling of commodities and manufacturing fertilizers. The company
is very well known in southern region of the country where they mainly
operates.
The Mr.Anisur Rahaman the managing director of the company is an
experienced businessman of good reputation. He is well known in local business
circle. He financially solvent and good at his business commitments, it is
reported.
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. |
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%)