MIRA
INFORM REPORT
|
Report Date : |
06.09.2007 |
IDENTIFICATION DETAILS
|
Name : |
S. A. Karim Jute Balers |
|
|
|
|
Registered Office : |
Dautlatpur, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
March, 1991 |
|
|
|
|
Legal Form : |
Proprietorship Company |
|
|
|
|
Line of Business : |
Engaged in baling of raw jute and wholesaling in the local
market. |
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
S. A.
Karim Jute Balers
Office
Dautlatpur,
Telephones : 880-041-774878
Fax : 880-041-774878
E-mail : NIL
SUMMARY
Established : March, 1991
Incorporation
No. : N/A
Incorporation
Dated : N/A
Proprietor
& CEO : Sheikh
Abdul Karim
Employees
5
Executives- 1
Sales
Staffs- 2
General Staffs- 2
BANK
Sonali Bank
Corporate
Office Branch,
BRANCH
NIL
FACTORY
N/A
OFFICE AREA
620 sq. ft.
(rented)
FACTORY AREA
N/A
WAREHOUSE AREA
3,300 sq. ft
(rented)
PROPRIETOR
Sheikh Abdul
Karim
HISTORY
The subject was established in March, 1991 by Sheikh Abdul
Karim in
BUSINESS
The company is engaged in baling of raw jute and wholesaling
in the local market.
ITEMS DEALING IN
Raw Jutes
TERMS OF SALES
Cash
Credit
NAME OF GROUP
NIL
SISTER CONCERN
NIL
MEMBER
LEGAL FORM
The subject is a proprietorship company
FINANCIAL
INFORMATION
2006 2005 2004
Capital
Invested Tk.8 million Tk.8 million Tk.8 million
Turnover Tk.45 million Tk.44.7 million Tk.44 million
Liability NIL NIL NIL
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
The subject is a small proprietorship company engaged as the
raw jute baling and selling it in the domestic market. The company is well reputed
among the local jute buyers.
The proprietor is well conversant in this 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%)