MIRA
INFORM REPORT
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Report Date : |
08.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
RONY INTERNATIONAL |
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Registered Office : |
37, S. M. Maleh Road (Ground Floor), Haziplaza, Tanbazar,
District: Narayanaganj, |
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Country : |
Bangladesh |
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Financials (as on) : |
2007 |
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Date of Incorporation : |
June 2002 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Importing and Selling of Raw Cotton to Local Export
Oriented Ready-Made Garments. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Concern |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY DETAILS
Name: Rony International
Address: 37, S.M.Maleh
Road (Ground Floor),
Haziplaza,
Tanbazar,
District:
Narayanaganj,
Country: Bangladesh
Tel No Given: 880-2-7613880,
Fax No Given: 880-2-9712204
E-Mail: sajib_roy2002@yahoo.com
Established: June
2002
Incorporation No : N/A
Incorporation Date: N/A
Legal Structure:
The subject is
Proprietorship Company
Business Type:
Importer & Sellers
Status: Satisfactory
Payments: No complaints
have been heard regarding payments
from local suppliers or banks.
Litigation: NIL
LOCATIONS
Head Office: 37, S.M.Maleh Road
(Ground Floor),
Haziplaza,
Tanbazar,
District:
Narayanaganj,
Country: Bangladesh
Tel No Given: 880-2-7613880,
Fax No Given: 880-2-9712204
E-Mail: sajib_roy2002@yahoo.com
Branch: NIL
Factory: N/A
PROPRIETOR
Name: Mr.Sajib
Roy
Designation: Proprietor
BUSINESS DETAILS
Line of Business: Importers & Sellers
Items Dealing
In: Raw
Cottons
Terms of Sale: 1 Cash
1 Credit
BANKERS
Name: Prime
Bank Limited
Branch: Narayanganj
Branch,
Address: Narayanganj
The company performs most of the business transactions with the above
mentioned bank. No more details were provided.
FINANCIAL INFORMATION
2007 2006 2005
|
Capital Invested |
Tk.5 million |
Tk.5 million |
Tk.5 million |
|
Turnover |
Tk.28.9 million |
Tk.27.6 million |
Tk.26 million |
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Liability |
NIL |
NIL |
NIL |
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Fixed Assets |
Tk.4 million |
Tk.4 million |
Tk.4 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 |
137.1626 |
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U.S Dollar |
1 |
69.4000 |
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European Euro |
1 |
108.8231 |
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Japanese Yen |
1 |
0.6729 |
|
Australian Dollar |
1 |
65.7102 |
GENERAL INFORMATION
No of Employees: 8
Executives------------------1
Field Staffs- ----------------3
Sales Staffs-----------------2
General
Staffs--------------2
Office Area: 750
sq.ft (rented)
Factory Area: N/A
Warehouse Area: 1,200 sq.ft.(rented)
Items
Dealing in: Raw Cottons
Import
From:* 1 Kazakhstan
1
Pakistan
1 India
1 Ukraine
*The subject has refused to reveal the suppliers names.
Name of the Group: NIL
Subsidiaries: 1 Karim Chemicals,
Member 1 Narayanganj Chamber of Commerce
& Industries,
Narayanganj
COMMENTS
The subject is a proprietorship concern engaged in importing
and selling of raw cotton to local export oriented ready-made garments.
The proprietor is conversant in their line of trade and he
is also experienced businessman.
The concern is good for normal business engagements.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.22 |
|
UK Pound |
1 |
Rs.75.03 |
|
Euro |
1 |
Rs.63.14 |
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%)