MIRA
INFORM REPORT
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Report Date : |
20.07.2007 |
IDENTIFICATION DETAILS
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Name : |
Global Jute Trading Limited |
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Registered Office : |
43, Dilkusha Commercial Area, |
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Country : |
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Date of Incorporation : |
1oth December, 2000 |
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Com. Reg. No.: |
C-42021 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Exporting raw jute and jute goods |
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 |
Report on
Global
Jute Trading Limited
Address
43, Dilkusha Commercial Area,
Telephones : 880-2-9556572, 9564739,9570194
Fax : 880-2-9568869,
E-mail :
globjute@citechco.net
globjute@bttb.net.bd
globjute@gmail.com
SUMMARY
Established :
December,2000
Incorporation
No. :
C-42021
Incorporation
Dated :
1oth December,2000
Managing
Director & CEO :
Mr. Kamran Uddin
Employees
9
Executives- 2
Junior Executives- 3
Support
Staffs- 2
General Staffs- 2
BANK
Sonali Bank
Foreign
Exchange Branch,
Motijheel
Commercial Area,
Standard
Chartered Bank
Dilkusha
Commercial Area,
Dilkusha Commercial Area,
BRANCH
NIL
FACTORY
N/A
OFFICE AREA
956 sq. ft.
(rented)
FACTORY AREA
N/A
WAREHOUSE AREA
2,500 sq. ft
(rented)
DIRECTORS &
SHAREHOLDERS
Mr. Rafiqul Islam Chowdhury - Chairman
Mr. Kamran
Uddin - Managing Director
HISTORY
The subject was established in December,2000 by Mr.Kamran
uddin and other director in
BUSINESS
The company is engaged in exporting raw jute and jute goods
to various overseas countries.
Raw Jutes
Jute Bags
Hessians
Jute Yarns
Carpet Backing Cloth
EXPORT TO
TERMS OF SALES
L/C
CAD
NAME OF GROUP
NIL
SISTER CONCERN
NIL
MEMBER
Dhaka Chamber of Commerce & Industries,
Shippers Council of
LEGAL FORM
The subject is a private limited company incorporated with
the Registrar of Joint Stock of Companies Dhaka.
FINANCIAL
INFORMATION
2006 2005 2004
Capital
Invested Tk.25 million Tk.25 million Tk.25 million
Turnover Tk.398 million Tk.397.5 million Tk.397.9 million
Liability Tk.11.5 million Tk.11.6 million Tk.12 million
Fixed Assets Tk.20 million Tk.20 million Tk.20 million
CAPITAL STRUCTURE
Authorized Capital Tk.50 million
Paid up
Capital Tk.100,
000.00
Each share
value Tk.100.00
EXCHANGE RATE
GB
Pound 1.00=Tk.129.1870
US Dollar 1.00=Tk.
68.6654
Japanese
Yen 1.00=Tk. 0.5831
Australian Dollar 1.00=Tk.
52.3228
COMMENTS
The subject is a private limited company engaged in the
export of raw jute and various jute
goods. The subject procure their jute from the local jute mills and than export
it. The company is well reputed among the overseas jute buyers as genuine
exporter.
The directors are well conversant in their line of trade.
They are financially solvent and good at their 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/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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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%)