MIRA
INFORM REPORT
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Report Date : |
14th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
KARNAPHULI TRADERS |
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Registered Office : |
88,Khatunganj, Chittagong, Bangladesh |
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Country : |
Bangladesh |
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Date of Incorporation : |
November,
2004 |
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Legal Form : |
Proprietorship
Company |
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Line of Business : |
Engaged
in Importing and selling of skimmed powder (SMP), whey powders, ETP. |
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 : |
Usually
Correct |
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Litigation : |
Clear |
Company Name
KARNAPHULI TRADERS
Address
88,Khatunganj
Chittagong,
Bangladesh.
Head Office
Finlay House (3rd Floor),
Agrabad, Chittagong,
Bangladesh.
Telephones :880-31-815012-4,
Fax :
880-31-815015
E-mail : sagroup@globalctg.net
SUMMARY
Established :
November,2004
Incorporation No. :
N/A
Incorporation Dated :
N/A
Status :
Satisfactory
Proprietor & CEO :
Mr.Shahabuddin Alam
Payment :
Regular
Litigation :
Nil
Capital Invested :
Tk.15 million
Sales :
Tk.148 million
Employees :
10
Executives- 4
Sales Staffs- 3
General Staffs- 3
BANK
IFIC Bank Limited,
Agrabad Branch,
Agrabad Commercial Area,
Chittagong.
FACTORY
N/A
BRANCH
NIL
OFFICE AREA
350 sq.ft.(rented)
FACTORY AREA
N/A
WAREHOUSE AREA
1,500 sq.ft.(rented)
PROPRIETOR
Mr.Shahabuddin Alam
HISTORY
The subject is established in November 2004 by
Mr.Shahabuddin Alam in Chittagong city.
BUSINESS
The company is engaged in Importing and selling of skimmed
powder (SMP), whey powders, ETP.
ITEMS DEALING IN
Skimmed Milk Powder (SMP)
Whey Powders (ETP)
TERMS OF SALES
Cash
Credit
IMPORT FROM
New Zealand
Australia
India
NAME OF GROUP
S.A.Group
NAME SISTER CONCERN
Ø Samnnaz Dairy & Food Products
Ltd, Chittagong
Ø S.A.Pulp & Paper Products
Limited, Chittagong
Ø S.A.Oil Refinery Limited, Chittagong,
Ø Samnnaz Super Oil Limited,
Chittagong
Ø Samnnaz Condensed Milk Limited,
Chittagong
Ø S.A Telecom System Limited,
Chittagong
Ø Laila PET Bottle & Food Products
Ltd, Chittagong
MEMBER
Chittagong Chamber of Commerce & Industries, Chittagong
LEGAL FORM
The subject is a proprietorship company.
FINANCIAL INFORMATION
2005 2004 2003
Capital Invested Tk.15 million Tk.15
million Tk.15 million
Turnover Tk.148
million Tk.147.3 million Tk.147.7
million
Liability NIL NIL NIL
Fixed Assets Tk.22
million Tk.22 million Tk.21 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 a proprietorship company
engaged in importing and selling of skimmed milk powder and whey powders
exclusively to their sister concern Samnnaz Dairy & Food Products Ltd,
which manufactures and sells condensed milk in the domestic market. The subject
does not sell their products to any other company.
The subject is a member of S.A
Group, which is a renowned business house of the country with good reputation.
Mr.Shahabuddin Alam, the proprietor
of the company is an experienced businessman. He is financially solvent and
strong at his business commitments.
The company can be considered
normal for business dealings at usual trade terms and conditions.
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/normal. |
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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