MIRA
INFORM REPORT
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Report Date : |
20.09.2007 |
IDENTIFICATION DETAILS
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Name : |
City Electro-Medics Co. |
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Registered Office : |
12/B, Bijoy Nagar (4th Floor), |
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Country : |
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Date of Incorporation : |
April, 1996 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Engaged in importing, selling and order suppliers of various
types of medical equipments. |
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
City Electro-Medics
Co.
Registered Address
12/B, Bijoy
Nagar (4th Floor),
Telephones : 880-2-8858525, 8858464,
Fax : 880-2-8860618
E-mail :
cemc@worldnetbd.net
crificare_bd@hotmail.com
Head Office Address
House No:
B-183, Road No: 21,
New DOHS, Mohakhali,
1205,
SUMMARY
Established : April, 1996
Incorporation
No. : N/A
Incorporation
Dated : N/A
Proprietor
& CEO : Mr. M.
Tipu Sultan
Employees
27
Executives- 3
Junior Executive- 5
Sales Staffs 14
General
Staffs- 5
BANK
Uttara Bank
Limited
Ramna
Branch,
Standard Chartered Bank
Kakrail Branch,
FACTORY
N/A
BRANCH
Room No.82,
Aziz Super Market (1st Floor,
Shahbagh,
Panclaish,
OFFICE AREA
3,500 sq.
ft. (rented)
FACTORY AREA
N/A
WAREHOUSE AREA
800 sq. ft
(rented)
PROPRIETIOR & CEO
Mr. M. Tipu Sultan
HISTORY
The subject was established in April, 1996 by Mr. M. Tipu
Sultan in
BUSINESS
The company is engaged in importing, selling and order
suppliers of various types of medical equipments.
ITEMS IMPORTED
All types of medical equipments
ENLISTED WITH
Directorate General Defense
Purchase (DGDP)
IMPORTED FROM
Viassys
Healthcare Inc,
ULCO Medical S.A.,
Mindray Co
Ltd,
NAME OF GROUP
NIL
SISTER CONCERN
S. T. Marketing Corporation Ltd,
Criticare
MEMBER
Dhaka Chamber of Commerce & Industries,
LEGAL FORM
The subject is a proprietorship company
FINANCIAL INFORMATION
2006 2005 2004
Capital
Invested Tk.25 million Tk.25
million Tk.25 million
Turnover
Tk.90 million Tk.90 million Tk.89 million
Liability
Tk.15 million Tk.15.5 million Tk.16 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 importing
and supplying of medical products. The subject also takes part in tenders
regularly on behalf of their foreign principals and are enlisted with DGDP as a
reliable supplier of medical products. The qualities of their products are good
and are well reputed in the local market.
The proprietor, Mr. Mohammad Tipu Sultan is an experienced
man in this line of trade and is doing a good business. 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%)