MIRA INFORM REPORT

 

 

Report Date :

03.12.2007

 

IDENTIFICATION DETAILS

 

Name :

Shams & Friends Pvt Limited

 

 

Registered Office :

15th Floor, Suite No.1501, 28, Dilkusha Commercial Area, Dhaka-1000

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

31st January, 1993

 

 

Com. Reg. No.:

C-23449

 

 

Legal Form :

Private Limited Company

 

RATING & COMMENTS

 

MIRA’s Rating :

NR

 

RATING

STATUS

PROPOSED CREDIT LINE

NR

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

No Rating

 

Status :

Undetermined


note

 

The subject has left the premises few years back. The information provided here are collected from ROC. This is all we could collect and we tried our best to trace the subject but no one knows their whereabouts.

 

 

Report on

 

Shams & Friends Pvt Limited

 

 

Address

 

15th Floor,

Suite No.1501,

28, Dilkusha Commercial Area,

Dhaka-1000,

Bangladesh

                                                                                      

                                                                                                                                     

SUMMARY

 

Established                                           : January, 1993

Incorporation No.                                    : C-23449

Incorporation Dated                                : 31st January, 1993

Managing Director & CEO                       : Mr. Mohammad Shams

 

                       

DIRECTORS & SHAREHOLDERS

 

Mr. Mohammad Shams - Chairman & Managing Director

Mrs. Afroza Shams

Mrs. Nadia Shams

 

The Directors then re-shuffled their shares and below given is the current share position of the subject.

 

Mr. Shams

Mr. M. Aminul Islam Bhuiyan

Mr. Ruhul Amin Khan

Mr. Nurul Alam Bhuiyan

Mr. Mohsin Bhuiyan

Mr. Iqbal Hossain Khan

Mr. Shah Alam Bhuiyan

Mr. Omar Faruque

Mr. Abul Quashem Bhuiyan

Mr. Abdul matin Sarkar

Mr. Moklesur Rahman

Mr.Tofazzal Hossain Sarkar

Mr. Sazzad Hossain Bhuiyan

Mrs. Nilufar Yasmin

Mr. M. Shorab Hossain

Mr. Delwar Hossain Khan

Ms. Rashida Begum

Ms. Kaniz Alam

Mr. Abdulm Salam Sarkar

Mr. M. Tomiz uddin

Mr. Zahurul Islam

Mr. M. Khairul Islam

Mrs. Nasrin Akhter

Mrs. Afroza Shams

Mr. Shariful Islam

 

           

HISTORY

 

The subject was established in January, 1993 by Mr. Mohammad Shams and other directors in Dhaka city.

 

 

LEGAL FORM

 

The subject is a private limited company incorporated with the Registrar of Joint Stock of Companies Dhaka.

 

 

CAPITAL STRUCTURE

 

Authorized Capital                      Tk.10 million

Paid up Capital                          Tk.1.2 million

Each share value                       Tk.100.00 each

 

 

EXCHANGE RATE

 

GB Pound                     1.00=Tk.140.1706

US Dollar                      1.00=Tk. 69.4850

Europe Euro                  1.00=Tk. 94.9041

Japanese Yen                1.00=Tk.  0.5712

Australian Dollar            1.00=Tk. 59.7270

 

 

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.

 

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