MIRA
INFORM REPORT
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Report Date : |
06.06.2007 |
IDENTIFICATION DETAILS
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Name : |
KHAWJA ELECTRIC CO |
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Registered Office : |
125-126, |
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Country : |
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Date of Incorporation : |
May, 1975 |
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Legal Form : |
Proprietorship Company |
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Line of Business : |
Importing and selling of electric cables and mobile tower
equipments. |
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
KHAWJA ELECTRIC CO
Address
125-126,
Telephones : 880-2-9559534, 9559658,
Fax : 880-2-9562262
E-mail : khawjaelectric@yahoo.com
SUMMARY
Established :
May, 1975
Incorporation
No. : N/A
Incorporation
Dated : N/A
Proprietor
& CEO :
Mr. M. Shafiul Azam
Employees
25
Executives- 3
Junior
Executives- 4
Engineers- 3
Sales
Staffs- 10
General Staffs- 5
BANK
Al-Arafa
Islami Bank Limited
Nawabpur
Branch,
Pubali Bank Limited
Nawabpur Branch,
United Commercial Bank Limited
Nawabpur Branch,
BRANCH
NIL
FACTORY
N/A
OFFICE AREA
1,300 sq. ft.(rented)
FACTORY AREA
N/A
WAREHOUSE AREA
2,900 sq. ft
(rented)
PROPRIETOR
Mr. M. Shafiul Azam
HISTORY
The subject was established in May, 1975 by Mr. M. Shafiul
Azam in
BUSINESS
The company is engaged in importing and selling of electric
cables and mobile tower equipments.
ITEMS DEALING IN
All types
electric cables
Tower cables
Tower Equipments
PRODUCTION POSITION
Yearly
Production Capacity :
N/A
Last year
Production :
N/A
MAJOR CLIENTS
Mobile company
Power Development Board
IMPORT FROM
TERMS OF SALES
Cash
Credit
NAME OF GROUP
NIL
SISTER CONCERN
New Khawja Electric,
Khawja Cables Industries,
MEMBER
Dhaka Chamber of Commerce & Industries,
LEGAL FORM
The subject is a proprietorship company.
FINANCIAL
INFORMATION
2006 2005 2004
Capital
Invested Tk.15 million Tk.15 million Tk.15 million
Turnover Tk.120 million Tk.119.8 million Tk.119.3 million
Liability Tk. 6.2 million Tk.6.7 million Tk.7 million
Fixed Assets Tk. 12 million Tk.12 million Tk.11 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
Japanese
Yen 1.00=Tk. 0.5831
Australian Dollar 1.00=Tk. 52.3228
COMMENTS
The subject is a private limited company engaged in
importing and selling of electric cables and mobile tower equipments. The
company is doing a pretty good business selling its products to the local cell
phone operators and the power development board.
The proprietor is well conversant in their line of trade. He
is an experienced businessman and financially solvent and good at his business
commitment, 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%)