MIRA INFORM REPORT

 

 

Report Date :

01.10.2007

 

IDENTIFICATION DETAILS

 

Name :

K.T. INTERNATIONAL

 

 

Registered Office :

Shahid Ram Kumar Sarani, Joypurhat, District : Joypurhat

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

November, 1996

 

 

Legal Form :

Proprietorship Company

 

 

Line of Business :

Importers and sellers of commodities.

 

 

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  

 

K.T.INTERNATIONAL

 

            

Address                     

 

Shahid Ram Kumar Sarani,

Joypurhat,

District : Joypurhat,

Bangladesh.

Telephones        : 880-5329-75339

Fax                   : 880-5329-75339

E-mail               : NIL

                                                                                     

                                                                         

SUMMARY

 

Established                               : November, 1996

Incorporation No.                        : N/A

Incorporation Dated                    : N/A

Proprietor & CEO                       : Mr. Ram Kumar Khetan

 

 

Employees       

 

79

Executives-                    3

Junior Executives-         5

Sales Staffs-                14

Field Staffs-                 17

Support Staffs-            12

Supervisory Staffs-       7 

General Staff-             21

                                   

             

BANK REFERENCES

 

Jamuna Bank Limited

Naogaon Branch,

Naogoan

 

National Bank Limited

Bogra Branch,

Bogra,

 

                                                           

FACTORY

 

N/A

 

 

BRANCH

 

Hilli,

District : Dinajpur,

 

Naogaon

District : Naogaon

 

 

OFFICE AREA

 

1,450 sq. ft. (rented)

 

                                   

FACTORY AREA

 

N/A

 

 

WAREHOUSE AREA

 

4,980 sq. ft (own)

 

 

PROPRIETOR

 

Mr. Ram Kumar Khetan

                                                           

 

HISTORY

 

The subject was established in November, 1996 by Mr. Ram Kumar khetan at Joypurhat a small district which is about 380 miles from Dhaka city for doing business in importing and wholesaling of commodities.

 

 

BUSINESS

 

The company is engaged as importers and sellers of commodities.

 

 

ITEMS DEALING IN

                       

Wheat

Rice

Pulse

Onion

Garlic

Sugar

Fertilizer

Pesticide          

                                                           

 

TERM OF SALES

 

Cash

Credit

 

                       

IMPORTED FROM

 

China

Pakistan

India

Thailand

Vietnam

Indonesia

 

 

NAME OF GROUP

                       

NIL

 

 

SISTER CONCERN

 

NIL                                          

                                               

 

LEGAL FORM

 

The subject is a proprietorship company

 

 

FINANCIAL INFORMATION   

 

2006                             2005                             2004

 

Capital Invested             Tk.26 million                  Tk.26 million                  Tk.25.5 million  

 

Turnover                        Tk.278 million                Tk.276 million                Tk.277.2 million            

 

Liability                         Tk.4 million                    Tk.4.7 million                 Tk.4.9 million

 

Fixed Assets                 Tk.20 million                  Tk.20 million                  Tk.20 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

 

The subject is a proprietorship company engaged in importing and selling of commodities and other allied items.. The company is well known in the local trade circle as genuine importer and seller of Commodities.

 

Mr. Ram Kumar Khetan is well acquainted in his line of trade. He is financially solvent and good at his business commitments, 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.

 

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