MIRA INFORM REPORT

 

 

 

Report Date :

06.08.2008

 

IDENTIFICATION DETAILS

 

Name :

BULK TRADE INTERNATIONAL

 

 

Registered Office :

Yousuf Chamber (3rd Floor),20, Dikusha Commercial Area, Dhaka-1000

 

 

Country :

Bangladesh

 

 

Financials (as on) :

2007

 

 

Date of Incorporation :

February, 1985

 

 

Legal Form :

Proprietorship Company

 

 

Line of Business :

Importer and Seller of T.S.P (Triple Super Phosphate) & Urea

 

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 :

No Complaints

 

 

Litigation :

Clear

 

 

COMPANY DETAILS

 

Name:                                                  Bulk Trade international

 

Address:                                   Yousuf Chamber (3rd Floor),

                                                20, Dikusha Commercial Area,

Dhaka-1000,

 

Country:                                   Bangladesh      

 

Tel No :                                                   880-2-9565471, 9560775,

 

Fax No :                                   880-2-9563960, 9563961,

 

E-Mail:                                     bti@citechco.net

 

Established:                             February 1985

 

Incorporation No:                     N/A

 

Incorporation Date:                  N/A

 

Legal Structure:                       The subject is a proprietorship Company

 

Business Type:                         Importer and Seller

 

Status:                                     Satisfactory

 

Payments:                                No complaints have been heard regarding payments 

                                                from local suppliers or banks.

 

Litigation:                                NIL

 

 

LOCATIONS

 

Head Office:                             Yousuf Chamber (3rd Floor),

                                                20, Dikusha Commercial Area,

Dhaka-1000,

           

Tel No:                                    880-2-9565471, 9560775,           

 

Fax No:                                                  880-2-9563960, 9563961,

 

E-Mail:                                    bti@citechco.net

 

Branch:                                   NIL

 

Factory:                                   N/A

 

 

PROPRIETOR & CEO

 

Name:                                      Mr.Aminur Rashid Khan

Designation:                           Proprietor         

 

 

BUSINESS DETAILS

 

Line of Business:                     Importer and Seller

 

Items Dealing In:                                 1 T.S.P (Triple Super Phosphate)

                                                1 Urea

 

 

Terms of Sale:                         1 Cash

                                                1 Credit

 

Production Capacity:   N/A

 

Last Year Production: N/A

 

 

BANKERS

 

Name:                                      Pubali Bank Limited

Branch:                                    Main Branch

 

Address:                                   Motijheel Commercial Area

                                                Dhaka-1000,

 

 

FINANCIAL INFORMATION

 

 

 

2007

 

2006

 

2005

 

Capital Investment

Tk.10 million

Tk.10 million

Tk.10 million

Turnover

Tk.50 million

Tk.48.3 million

Tk.47 million

Liability

Tk.4 million

Tk.4.3 million

Tk.4.8 million

Fixed Assets

Tk.11 million

Tk.10 million

Tk.10 million

 

                                               CAPITAL STRUCTURE

 

Authorized Capital

:

N/A

Paid Up Capital

:

N/A

Each Share Value

:

N/A

 

 

 

EXCHANGE RATE

 

 

CURRENCY

UNIT

BANGLADESHI TAKA

GB Pound

1

137.1626

U.S Dollar

1

  69.4000

European Euro

1

108.8231

Japanese Yen

1

   0.6729

Australian Dollar

1

 65.7102

 

 

 

 

 

GENERAL INFORMATION

 

No of Employees:         7

Executives------------------1   

Junior Executives-----------1

Sales Staffs-----------------2                                                           

General Staffs--------------3        

                                               

Office Area:                             950 sq.ft (rented)

 

Factory Area:                           N/A

 

Warehouse Area:                     1,250  sq.ft.(rented)

 

Import From     :*                     1  China

1  Germany

1  Netherlands

1  Australia

1  Myanmar

1  India

 

* The subject refused to reveal the names of their suppliers

 

Major Clients:                          1  Bangladesh Agriculture Development Corporation (BADC)

                                                1  Ministry of Agriculture Government of Bangladesh

                                               

Name of the Group:                 NIL

 

Subsidiaries:                            NIL

 

                       

 

 

 

 

 

 

                       

COMMENTS

 

The subject is a proprietorship company engaged as importer and sellers of TSP and Urea Fertilizers. The company is quite well reputed in the local fertilizer market.

 

The proprietor is well conversant in their line of trade and he is also experienced businessman. He is financially solvent and good at his business commitments, it is reported.

 

The company is good for normal business engagements.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs. 42.00

UK Pound

1

Rs. 82.14

Euro

1

Rs. 65.09

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions