MIRA
INFORM REPORT
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Report Date : |
07.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
AGRI CONCERN |
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Registered Office : |
Property Estate-6/A4, 144,Shantinagar Bazar Road, Dhaka1217, |
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Country : |
Bangladesh |
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Financials (as on) : |
2007 |
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Date of Incorporation : |
February, 1983 |
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Legal Form : |
Proprietorship Concern |
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Line of Business : |
Importer, Exporter and Supplier of Agricultural Items. |
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 : |
No Complaints |
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Litigation : |
Clear |
COMPANY DETAILS
Name: Agri Concern
Address: Property Estate-6/A4,
144,Shantinagar Bazar Road,
Dhaka1217,
Country: Bangladesh
Tel No: 880-2-9347921,
Fax No: 880-2-8351149,
E-Mail: sheikh@aitlbd.net
Established: February,
1983
Incorporation No: N/A
Incorporation Date: N/A
Legal Structure: The
subject is Proprietorship Concern
Business Type: Importer,
Exporter and Supplier
Status: Satisfactory
Payments: No complaints have been
heard regarding payments
from local suppliers or banks.
Litigation: NIL
LOCATIONS
Head Office: 67,Purana Paltan Lane,
Dhaka-1000,
Tel No: 880-2-9347921,
Fax No: 880-2-8351149,
E-Mail: sheikh@aitlbd.net
Project: 1 Thakurgaon
1 Chuadanga
PROPRIETOR
Name: Sheikh
Abdul Quader
Designation: Proprietor
BUSINESS DETAILS
Line of Business: Importer, Exporter and Supplier
Items Dealing
In: Import: 1 Agricultural Products
1 Agricultural Seeds
Export: 1 All types of vegetables
Terms of Sale: 1 Against L/C
BANKERS
Name: Dutch
Bangla Bank Limited
Branch: Corporate
Office Branch,
Address: Motijheel
Commercial Area,
Dhaka
Name: Basic
Bank Limited
Branch : Local
Office Branch,
Address: Motijheel
Commercial Area,
Dhaka
The company performs most of the business transactions with the above
mentioned bank. No more details were provided.
FINANCIAL INFORMATION
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2007 |
2006 |
2005 |
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Capital Invested |
Tk.10 million |
Tk.10 million |
Tk.10 million |
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Turnover |
Tk.70 million |
Tk.67 million |
Tk.66 million |
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Liability |
NIL |
NIL |
NIL |
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Fixed Assets |
Tk.12 million |
Tk.12 million |
Tk.12 million |
CAPITAL STRUCTURE
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Authorized Capital |
: |
N/A |
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Paid Up Capital |
: |
N/A |
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Each Share Value |
: |
N/A |
EXCHANGE RATE
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CURRENCY |
UNIT |
BANGLADESHI TAKA |
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Great Britain Pound |
1 |
143.7238 |
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U.S Dollar |
1 |
69.4023 |
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European Euro |
1 |
101.3730 |
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Japanese Yen |
1 |
0.6176 |
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Australian Dollar |
1 |
63.2055 |
GENERAL INFORMATION
No. of Employees: 35
Executives-----------------2
Quality
Control------------3
Agriculturist---------------4
Farmers--------------------6
Field
Staffs----------------2
Supervisory
Staffs-------4
General
Staffs------------4
Workers------------------10
Office Area: 950
sq.ft (rented)
Warehouse Area: 2
acres lands (own)
Import From: 1 China
1 Hong
Kong
1 Singapore
·
The subject refused to reveal the
names of their principles.
Export To: 1 China
1 Taiwan
1 India
Name of the Group: NIL
Subsidiaries: 1 Farm Fresh Enterprise
Member: 1 Dhaka Chamber of Commerce &
Industries, Dhaka
COMMENTS
The subject is a proprietorship concern engaged in
importing, exporting and supplying of agricultural items. The subject imports
various kinds of seed, and exports vegetables to foreign countries.
The proprietor is well conversant in his line of trade and
is an experienced businessman. He is reported to be financially solvent and
well backed by his banker.
The concern 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%)