MIRA
INFORM REPORT
|
Report Date : |
20.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
EBRAHIM & SONS |
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Registered Office : |
Jhikargacha Bazar, Jhikargacha, Jessore |
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Country : |
Bangladesh |
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Financials (as on) : |
2007 |
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Year of Establishment : |
1968 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Importing and Selling of Animal Foods |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
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 DETAILS
Name: Ebrahim
& Sons
Address: Jhikargacha
Bazar,
Jhikargacha,
Jessore
Country: Bangladesh
Tel. No. : 880-421-71311
Cell No: 880-1711-217201
Fax No. : NIL
E-Mail: NIL
Established: 1968
Incorporation No : N/A
Incorporation Date: N/A
Legal Structure:
The subject is
Proprietorship Concern
Business Type:
Importer & Sellers
Status: Satisfactory
Payments: No complaints
have been heard regarding payments
from local suppliers or banks.
Litigation: NIL
LOCATIONS
Head Office:
Jhikargacha
Bazar,
Jhikargacha,
Jessore,
Bangladesh
Tel. No. : 880-421-71311
Cell No: 880-1711-217201
Fax No. : NIL
E-Mail: NIL
Branch: NIL
Factory: N/A
Factory Tel. No : N/A
Factory Fax No. : N/A
PROPRIETOR
Name: Mr.Juber
Bathi
Designation: Proprietor
BUSINESS DETAILS
Line of Business: Importers & Sellers
Items Dealing
In: Animal Food
Terms of Sale: 1 Cash
1 Credit
BANKERS
Name: Sonali
Bank Limited
Branch: Jessore
Branch,
Address: Jessore
FINANCIAL INFORMATION
2007 2006 2005
|
Capital Invested |
Tk.5 million |
Tk.10 million |
Tk.10 million |
|
Turnover |
Tk.35 million |
Tk.34.4 million |
Tk.34 million |
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Liability |
NIL |
NIL |
NIL |
|
Fixed Assets |
Tk.10 million |
Tk.10 million |
Tk.10 million |
CAPITAL STRUCTURE
|
Authorized Capital |
: |
N/A |
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Paid Up Capital |
: |
N/A |
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Each Share Value |
: |
N/A |
EXCHANGE RATE
|
CURRENCY |
UNIT |
BANGLADESHI TAKA |
|
Great Britain Pound |
1 |
143.7238 |
|
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: 4
Executives-----------------1
General
Staffs-------------3
Office Area: 450
sq.ft (rented)
Factory Area: N/A
Warehouse Area: 2,125 sq.ft.(rented)
Items
Dealing in: Animal Food
Import From: 1 India
Name of the Group: NIL
Subsidiaries: NIL
Member 1 Khulna Chamber of Commerce &
Industries, Khulna
COMMENTS
The subject is a small proprietorship concern engaged in
importing and selling of animal foods. The company was established a long time
back and now the grandsons of the founder are running the business. They do not
import regularly now a days except when they get a specific order.
The proprietor is 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 concern is good for normal business engagements.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.08 |
|
UK Pound |
1 |
Rs.71.17 |
|
Euro |
1 |
Rs.66.98 |
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 |
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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 |
|
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%)