MIRA
INFORM REPORT
|
Report Date : |
20.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
M/S ABIR TRADERS |
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|
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Registered Office : |
Modern Complex (Gr. Floor) 56,S M Maleh Road, Tanbazar,
Narayangonj-1400 |
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Country : |
Bangladesh |
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Financials (as on) : |
2007 |
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|
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Date of Incorporation : |
1995 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Importing and Supplying of all types of Cotton and Yarn |
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 |
|
|
|
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
COMPANY DETAILS
Name: M/S Abir Traders
Address: Modern Complex
(Gr. Floor)
56,S M Maleh Road
Tanbazar
Narayangonj-1400
Country: Bangladesh
Tel No. : 880-2-7644925,
7640279
Fax No. : 880-2-7640279
Cell: 880-1717835817
E-Mail: abirtradersbd@yahoo.com
Established: 1995
Incorporation No. : N/A
Incorporation Date: N/A
Legal Structure: The
subject is Proprietorship Concern
Business Type: Importer
& Supplier
Status: Satisfactory
Payments: No complaints
have been heard regarding payments
from local suppliers or banks.
Litigation: NIL
LOCATIONS
Head Office: Modern Complex
(Gr. Floor)
56, S M Maleh Road
Tanbazar
Narayangonj-1400
Tel No. : 880-2-7644925, 7640279
Fax No. : 880-2-7640279
E-Mail: abirtradersbd@yahoo.com
Branch: Main Road
Kumarkhali
Kushtia
Factory: N/A
PROPRIETOR
Name: Mr.
Mohammad Sirajul Islam
Designation: Proprietor
BUSINESS DETAILS
Line of Business: Importer
& Supplier
Items Dealing
In: All Types of Cotton & Yarn
Terms of Sale: 1 Cash
1 Credit
BANKERS
Name: Exim
Bank Limited
Branch: Tanbazar
Branch,
Address:
Tanbazar
Narayangonj
Name: Dutch
Bangla Bank Limited
Branch: Tanbazar
Branch,
Address:
Tanbazar
Narayangonj
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.45 million |
Tk.44.5 million |
Tk.43.9 million |
|
Liability |
NIL |
NIL |
NIL |
|
Fixed Assets |
Tk.8 million |
Tk.8 million |
Tk.7.8 million |
CAPITAL STRUCTURE
|
Authorized Capital |
: |
N/A |
|
Paid Up Capital |
: |
N/A |
|
Each Share Value |
: |
N/A |
EXCHANGE RATE
|
CURRENCY |
UNIT |
BANGLADESHI TAKA |
|
Great Britain Pound |
1 |
143.7238 |
|
U.S Dollar |
1 |
69.4023 |
|
European Euro |
1 |
101.3730 |
|
Japanese Yen |
1 |
0.6176 |
|
Australian Dollar |
1 |
63.2055 |
GENERAL INFORMATION
No. of Employees: 06
Executives-----------------01
Quality
Control------------02
Office
Staffs---------------03
Office Area: 690
sq.ft (rented)
Warehouse Area: 1,800
sq.ft.(rented)
Range of
Items: 1 All Types of Cotton & Yarn
Import
From:* 1 Indonesia
1 India
* The subject refused to reveal the names.
Name of the Group: NIL
Subsidiaries: NIL
Member: 1 Narayangonj Chamber of Commerce
& Industries, Dhaka
COMMENTS
The subject is a proprietorship concern engaged in importing
and supplying of all types of cotton and yarn. The quality of their product is
good and is of international standard.
The proprietor is well conversant in this 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.
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 |
|
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 |
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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%)