MIRA
INFORM REPORT
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Report Date : |
29.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
Madina Enterprises |
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Registered Office : |
130, Hazaribagh Tannery Area, Dhaka-1209 |
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Country : |
Bangladesh |
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Date of Incorporation : |
May, 2001 |
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Legal Form : |
Proprietorship Concern |
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Line of Business : |
Engaged as importers and sellers of all types of leather
chemicals. |
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 |
Report on
Madina Enterprises
Address
130,
Hazaribagh Tannery Area,
Dhaka-1209
Bangladesh
Telephones : 880-2-8616243, 8613572
Fax : 880-2-8616243
E-mail : NIL
SUMMARY
Established : May, 2001
Incorporation
No. : N/A
Incorporation
Dated : N/A
Proprietor
& CEO : Mr.
Tufail Ahmed
Employees
5
Executives- 1
Sales
Staffs- 2
General Staff- 2
BANK REFERENCES
United
Commercial Bank Limited
Hazaribagh
Branch,
Dhaka
FACTORY
N/A
BRANCH
NIL
OFFICE AREA
370
sq. ft. (rented)
FACTORY AREA
N/A
WAREHOUSE AREA
1,200
sq. ft (rented)
PROPRIETOR
Mr.
Tufail Ahmed
HISTORY
Subject was established in May, 2001 by Mr.
Tufail Ahmed in Dhaka city.
BUSINESS
The concern is engaged as importers and sellers
of all types of leather chemicals.
ITEMS DEALING IN
All
types of leather chemicals
TERM OF SALES
Cash
Credit
IMPORTED FROM
China
Taiwan
Germany
India
NAME OF GROUP
NIL
SISTER CONCERN
NIL
LEGAL FORM
Subject is a proprietorship concern
FINANCIAL INFORMATION
2006 2005 2004
Capital
Invested Tk.4 million Tk.4 million Tk.3.8 million
Turnover Tk.32 million Tk.30.5 million Tk.30 million
Liability Tk.2 million Tk.2.7 million Tk.3 million
Fixed
Assets Tk.7 million Tk.7 million Tk.7 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
and selling all types leather chemicals. The concern is well known in the local
trade circle as genuine importer and seller of chemicals.
Mr. Tufail Ahmed 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
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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. |
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%)