MIRA INFORM REPORT

 

 

Report Date :

27.10.2007

 

IDENTIFICATION DETAILS

 

Name :

Touhid Prokashani

 

 

Registered Office :

1-D, Road No. 9, House No.17, Mirpur Road, Dhaka-1216

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

March, 1969

 

 

Legal Form :

Proprietorship Concern

 

 

Line of Business :

Engaged as importers, sellers and Publisher of Medical Books & Papers.

 

 

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  

 

Touhid Prokashani

 

            

Address                           

 

1-D, Road No.9,

House No.17,

Mirpur Road,

Dhaka-1216

Bangladesh

Telephones                    : 880-2-9675594

Fax                               : 880-2-9675594

E-mail                           : touhidprokashani@yahoo.com

                                                                                   

 

SUMMARY

 

Established                               : March, 1969

Incorporation No.                        : N/A

Incorporation Dated                    : N/A

Proprietor & CEO                       : Mr. Touhid Rahman

 

 

Employees            

 

42

                                                           

Executives-                  2

Junior Executives-       3

Sales Staffs-                7

Supervisory Staffs-      3

General Staff-              8

Technicians------          4

Workers-                    15

 

             

BANK REFERENCES

 

Rupali Bank Limited

Gabtalihat Branch,

Dhaka

 

                                                           

PRESS

 

1-D, Road No.9,

House No.17,

Mirpur Road,

 

 

SALES CENTRE

 

Room No.316,

New Market

Dhaka

 

 

OFFICE AREA

 

1,100 sq. ft. (rented)

 

                                   

PRESS AREA

 

9,000 sq. ft (rented)

 

 

WAREHOUSE AREA

 

3,100 sq. ft (rented)

 

 

PROPRIETOR

 

Mr. Touhid Rahman

 

                                                           

HISTORY

 

The subject was established in March, 1969 by Mr. Touhid Rahman in Dhaka city.

 

 

BUSINESS

 

The concern is engaged as importers, sellers and Publisher of Medical Books & Papers.

 

 

ITEMS DEALING IN

           

Books

Papers

                                   

                                                                                                           

TERM OF SALES

 

Cash

Credit

 

                       

IMPORTED FROM

 

India

UK

Germany

 

                                                           

NAME OF GROUP

                                   

NIL

 

 

SISTER CONCERN

 

NIL                                         

 

 

LEGAL FORM

 

The subject is a proprietorship concern

 

 

FINANCIAL INFORMATION   

 

2006                             2005                             2004

 

Capital Invested             Tk.6 million                    Tk.6 million                    Tk.6 million       

 

Turnover                        Tk.50 million                  Tk.49.5 million               Tk.48 million     

           

Liability                         Tk.2 million                    Tk.2.7 million                 Tk.3 million

 

Fixed Assets                 Tk.4 million                    Tk.4 million                    Tk.4 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

 

 

COMMENTS

 

Subject is a proprietorship concern engaged in importing, selling and publishing of all types of Books, Papers and other allied items. The concern is well known in the local trade circle as genuine importer and seller of book publishers.

 

Mr. Touhid Rahman is well acquainted in his line of trade. He is financially solvent and good at his business commitments, it is reported.

 

The concern 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.

 

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