MIRA
INFORM REPORT
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Report Date : |
08.09.2007 |
IDENTIFICATION DETAILS
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Name : |
Yasin Brothers |
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Registered Office : |
Daulatpur, |
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Country : |
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Date of Incorporation : |
October, 1975 |
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Legal Form : |
Proprietorship Company |
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Line of Business : |
Engaged in exporting raw jute and jute goods to various
overseas countries. |
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 |
Report on
Yasin
Brothers
Address
Daulatpur,
Telephones : 880-41-774046
Fax : 880-41-760492
E-mail :
yasin_brothers@yahoo.com
SUMMARY
Established : October, 1975
Incorporation
No. : N/A
Incorporation
Dated : N/A
Proprietor
& CEO : Mr. Yasin Ali Khan
Employees
12
Executives- 2
Sales
Staffs- 5
General Staffs- 5
BANK
Rupali Bank
Limited
Daulatpur
Branch,
BRANCH
NIL
FACTORY
N/A
OFFICE AREA
650 sq. ft.
(rented)
FACTORY AREA
N/A
WAREHOUSE AREA
4,500 sq. ft
(rented)
PROPRIETORS
Mr. Yasin
Ali Khan
HISTORY
The subject was established in October by Mr. Yasin Ali Khan
in
BUSINESS
The company is engaged in exporting raw jute and jute goods
to various overseas countries.
Raw Jutes
EXPORT TO
TERMS OF SALES
Against L/C
NAME OF GROUP
NIL
SISTER CONCERN
NIL
MEMBER
LEGAL FORM
The subject is a proprietorship company
FINANCIAL
INFORMATION
2006 2005 2004
Capital
Invested Tk.38 million Tk.38 million Tk.38 million
Turnover Tk.380 million Tk.379.6 million Tk.378 million
Liability Tk.7.8 million Tk.8 million Tk.8.6 million
Fixed Assets Tk.25 million Tk.25 million Tk.25 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 proprietorship company engaged in the
export of raw jute and various jute goods. The company is well reputed among
the overseas jute buyers as genuine exporter.
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
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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%)