MIRA
INFORM REPORT
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Report Date : |
09.10.2007 |
IDENTIFICATION DETAILS
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Name : |
NASHRAAH ENTERPRISES |
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Registered Office : |
186/1, |
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Tel. No.: |
880-2-9663099 |
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E-Mail : |
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Country : |
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Financials (as on) : |
2006 |
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Date of Incorporation : |
June, 2002 |
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Legal Form : |
Proprietorship Concern |
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Line of Business : |
Importers and Sellers of Medical Books and Papers |
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 |
COMPANY NAME
Nashraah Enterprises
Address
186/1,
Arambagh,
Telephones : 880-2-9663099
Fax :
880-2-9663099
E-mail :
info@haquesoft.com
Shameem_nashraah@yahoo.com
cctysta@intechworld.net
SUMMARY
Established :
June, 2002
Incorporation No. :
N/A
Incorporation Dated :
N/A
Status :
Satisfactory
Proprietor & CEO :
Mr.Shameem Ahmed
Payment Record :
Regular
Litigation :
NIL
Business Operation & Reputation :
Good
Capital Invested : Tk.7
million
Sales :
Tk.38 million
Employees :
7
Executives- 1
Junior Executives- 2
Sales Staffs- 2
General
Staff- 2
BANK REFERENCES
The First Security Bank Limited
FACTORY
N/A
BRANCH
14,Purana Paltan
Dhaka-1000.
OFFICE AREA
300 sq.ft.(rented)
FACTORY AREA
N/A
WAREHOUSE AREA
780 sq.ft (rented)
PROPRIETOR
Mr.Shameem Ahmed
HISTORY
The subject was established in June, 2002 by Mr.Shameem Ahmed in
BUSINESS
The concern is engaged as importers and sellers of Medical Books &
Papers.
ITEMS DEALING IN
All types Medical Books
Papers
TERM OF SALES
Cash
Credit
IMPORTED FROM
NAME OF GROUP
NIL
SISTER CONCERN
City Paper House,
Sabbir Enterprise,
Hoque Enterprise,
LEGAL FORM
The subject is a proprietorship concern
FINANCIAL
INFORMATION
2006 2005 2004
Capital Invested Tk.7
million Tk.7 million Tk.7 million
Turnover Tk.38
million Tk.37.5 million Tk.37 million
Liability Tk.3
million Tk.3.7 million Tk.4 million
Fixed Assets Tk.5
million Tk.5 million Tk.5 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
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 of
Medical Books, Papers and other allied items. The concern is well known in the local
trade circle as genuine importer and seller of Medical Books and papers.
Mr.Shameem 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%)