MIRA INFORM REPORT

 

 

Report Date :

23.05.2007

 

IDENTIFICATION DETAILS

 

Name :

MANSURS & BROTHERS

 

 

Registered Office :

54, Dilkusha Commercial Area, Dhaka-1000,

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

August,1995

 

 

Legal Form :

Proprietorship

 

 

Line of Business :

Importing and exporting of jute, fabrics and cotton.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Report on

 

MANSURS & BROTHERS

 

 

Address                

 

54, Dilkusha Commercial Area,

Dhaka-1000,

Bangladesh.

Telephones        : 880-2-7161593

Fax                   : 880-2-7161592

E-mail               : mnbrothers@bdonline.com

                                                                                     

                         

SUMMARY

 

Established                               : August,1995

Incorporation No.                        : N/A

Incorporation Dated                    : N/A

Proprietor & CEO                       : Mr. Shamsul Alam (Murad)

 

 

Employees       

 

16

 

Executives-                2

Junior Executive-       2

Supervisory Staffs-    5 

General Staffs-          7

 

 

BANK

 

Mercantile Bank Limited

Dilkusha Branch,

Dilkusha Commercial Area,

Dhaka

 

                                                           

BRANCH

                                                                       

NIL                                                                      

 

 

FACTORY

                                                                       

N/A

 

OFFICE AREA

 

650  sq. ft.(rented)

 

                                   

FACTORY AREA

 

N/A

 

 

WAREHOUSE AREA

 

2,100 sq. ft (rented)

 

 

PROPRIETOR

 

Mr. Shahsul Alam (Murad)

 

                                                           

HISTORY

 

The subject is a established in August,1995 by Mr. Samsul Alam in Dhaka city.

                                               

 

BUSINESS

 

The company is a engaged in importing and exporting of jute, fabrics and cotton.

 

 

ITEM DEALING IN

 

Import :  Fabrics

              Yarns

              Cotton

                                                                                   

Export :  Jute

               Jute Goods

                    

                                                                       

PRODUCTION POSITION

 

N/A

 

 

IMPORT FROM

 

China

India

Pakistan

 

 

EXPORT TO

 

China

Pakistan

India

Hong Kong

 

 

TERMS OF SALES

 

Against- L/C

 

 

NAME OF GROUP

                                   

Monsur & Brother Group

 

 

SISTER CONCERN

 

A. Farm, Dhaka

M. B. Traders, Dhaka

M. B. Traders, Dhaka

                                                                       

 

MEMBER

 

Dhaka Chamber of Commerce & Industries, Dhaka.

 

 

LEGAL FORM

 

The subject is a proprietorship company

 

 

FINANCIAL INFORMATION    

 

                                    2006                             2005                             2004    

                       

Capital Invested             Tk.7 million                    Tk.7 million                    Tk.7 million       

 

Turnover                        Tk.45 million                  Tk.44.5 million               Tk.44 million

                                   

Liability                         NIL                               NIL                               NIL

                                   

Fixed Assets                 Tk.30 million                  Tk.30 million                  Tk.29 million

 

 

CAPITAL STRUCTURE

 

Authorized Capital                      N/A

 

Paid up Capital                          N/A

 

Each share value                       N/A

 

 

EXCHANGE RATE

 

GB Pound                     1.00=Tk.130.9764

US Dollar                      1.00=Tk. 69.8000

Europe Euro                  1.00=Tk. 89.3847

Japanese Yen                1.00=Tk.  0.6098

 

 

COMMENTS

 

The subject is a proprietorship company engaged in the business of importing and exporting of various items. The subject is pretty well known in the local markets.

 

The proprietor Mr. Shamsul Alam  is well acquainted in his line of trade. He is financially solvent and good at their business commitment, it is reported.

 

The company is good for normal business engagements.

 

 

 

           

 

 

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/normal.

 

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