MIRA
INFORM REPORT
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Report Date : |
04.09.2007 |
IDENTIFICATION
DETAILS
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Name : |
Haji Ahmad Brothers |
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Registered Office : |
177, Khatunganj, |
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Country : |
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Date of Incorporation : |
July, 1956 |
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Legal Form : |
Proprietorship Concern |
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Line of Business : |
Engaged in importing, exporting and selling of various types
of spices and food grains. |
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
Haji Ahmad Brothers
Address
177,
Khatunganj
P.O.Box No.
: 255
Telephones : 880-31-633631, 633488
Fax : 880-31-682674
E-mail :
aghahab@spctnet.com
aghahab@globalctg.net
SUMMARY
Established : July, 1956
Incorporation
No. : N/A
Incorporation
Dated : N/A
Proprietor
& CEO : Mr.
Iqbal Dada
Employees
15
Executives- 1
Junior
Executive- 3
Sales
Staffs 7
General
Staffs- 4
BANK
Bangladesh Krishi
Bank
Tea Board
Branch,
Prime Bank Limited
Khatunganj Branch,
Arab Bangladesh Bank Limited
Khatunjanj Branch,
FACTORY
N/A
BRANCH
NIL
OFFICE AREA
550 sq. ft.
(rented)
FACTORY AREA
N/A
WAREHOUSE AREA
12,500 sq.
ft (rented)
PROPRIETIOR & CEO
Mr. Iqbal
Dada
HISTORY
The subject was established in July, 1956 by Mr. Iqbal Dada in Chittagong city.
BUSINESS
The concern is engaged in importing, exporting and selling
of various types of spices and food grains.
ITEMS IMPORTED
All types of Spices
Food Grains
ITEMS EXPORTED
Tea
IMPORTED FROM
NAME OF GROUP
N/A
SISTER CONCERN
Ahmad Brothers Securities Ltd,
M. M. Agah Limited,
MEMBER
LEGAL FORM
The subject is a proprietorship concern
FINANCIAL INFORMATION
2006 2005 2004
Capital
Invested Tk.70 million Tk.70
million Tk.70 million
Turnover
Tk.450 million Tk.449.4 million Tk.449 million
Liability Tk.8 million Tk.8.3 million Tk.8.8 million
Fixed Assets
Tk.52 million Tk.52 million Tk.51 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,
exporting and selling of all types of spices and food grains. The subject’s
office is located at the old part of the city and is one of the biggest
importers of spices in
Proprietor, Mr. Iqbal Dada is an experienced businessman of
good reputation and has an experience of about 50 years in this line of trade.
He is quite well known in the local market. He is financially solvent and well
supported by his banks, as reported.
The concern can be considered normal for business dealings
at usual trade terms and conditions.
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%)