MIRA
INFORM REPORT
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Report Date : |
11.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
NAHAR INTERNATIONAL |
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Registered Office : |
12,Siddeswari Circular Road, 79,Malibagh, Dhaka, |
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Country : |
Bangladesh. |
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Date of Incorporation : |
September, 1998 |
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Legal Form : |
Sole Proprietor |
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Line of Business : |
Foreign Manufacturer Representative |
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 : |
No Complaints |
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Litigation : |
Clear |
COMPANY NAME
NAHAR INTERNATIONAL
Address
12,Siddeswari Circular Road,
79,Malibagh,
Dhaka,
Bangladesh.
Telephones : 880-2-9360638
Fax :
880-2-9348305
E-mail :
rarebdl@yahoo.com
naharbdl@gmail.com
SUMMARY
Established :
September, 1998
Incorporation No. :
N/A
Incorporation Dated :
N/A
Status :
Satisfactory
Proprietor & CEO :
Mr.M.Solaiman (Rubel)
Payment Record :
Regular
Litigation :
NIL
Business Operation & Reputation :
Good
Capital Invested :
Tk.2 million
Sales :
Tk.30 million
Employees :
6
Executives- 1
Junior Executives- 1
Field Staffs- 2
General Staff- 2
BANK REFERENCES
The First Security Bank Limited
Local Office Branch,
Motijheel Commercial Area,
Dhaka
FACTORY
N/A
BRANCH
N/A
OFFICE AREA
950 sq.ft.(rented)
FACTORY AREA
N/A
WAREHOUSE AREA
NIL
PROPRIETOR
Mr.M.Solaiman (Rubel)
HISTORY
The subject was established in September, 1998 by Mr.M.Solaiman (Rubel)
in Dhaka city.
BUSINESS
The company is engaged as foreign manufacturer representative.
ITEMS DEALING IN
Feed Mill Machinery
Power Generator
TERM OF SALES
Cash
Credit
IPRINCIPALS FROM
France
Australia
Germany
Hong Kong
Italy
NAME OF GROUP
NIL
SISTER CONCERN
Chakla Pharnanent Feed Mills Limited ,
LEGAL FORM
The subject is a proprietorship concern
FINANCIAL
INFORMATION
2006 2005 2004
Capital Invested Tk.2
million Tk.2 million Tk.2 million
Turnover Tk.30
million Tk.28.5 million Tk.27 million
Liability NIL NIL NIL
Fixed Assets Tk.5
million Tk.5 million 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.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
OUR COMMENTS
The subject is a proprietorship concern engaged in foreign manufacturer
representative of feed mill machinery and power generator. The concern is well
known in the local trade circle.
Mr.M.Solaiman (Rubal) is well acquainted in his line of trade. He is old
hand businessman and good at his business commitments, it is reported.
The concern 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%)