MIRA
INFORM REPORT
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Report Date : |
17.09.2007 |
IDENTIFICATION DETAILS
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Name : |
EKATA JUTE FIBERS |
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Registered Office : |
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Country : |
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Date of Incorporation : |
February, 1985 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Exporting of Raw Jute to Various Overseas Co |
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
EKATA JUTE FIBERS
ADDRESS
Daulatpur,
Telephones : 880-041-775238,
Fax : 880-041-774553
E-mail : NIL
SUMMARY
Established : February, 1985
Incorporation No. : N/A
Incorporation Dated : N/A
Status : Satisfactory
Proprietor & CEO : Mr.Chandra Shekor Roy
Payment : Regular
Litigation : NIL
Capital Invested : Tk.10 million
Sales : Tk.75 million
Employees : 15 Executives- 2
Junior Executives- 1
Sales Staffs- 5
General Staffs- 7
BANK
Agrani Bank
Daulatpur, Branch,
BRANCH
NIL
FACTORY
N/A
OFFICE AREA
320 sq.ft.(rented)
FACTORY AREA
N/A
WAREHOUSE AREA
3,500 sq.ft (rented)
PROPRIETOR
Mr.Chandra Shekor roy
HISTORY
The subject was established in February, 1985 by Mr.Chandra
Shekor Roy in
BUSINESS
The company is engaged in exporting of raw jute to various overseas countries.
ITEMS DEALING IN
Raw Jutes
EXPORT TO
EEC Countries
TERMS OF SALES
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.10 million Tk.10 million Tk.10 million
Turnover Tk.75 million Tk.74 million Tk.73.7 million
Liability Tk.4 million Tk.4.7 million Tk.5 million
Fixed Assets Tk.6 million Tk.6 million Tk.6 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 exporting of raw jute and various jute goods to overseas countries. The company is well reputed among the overseas jute buyers as genuine exporter.
The proprietor is well conversant in this line of trade.
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%)