MIRA INFORM REPORT

 

 

 

Report Date :

19.12.2008

 

IDENTIFICATION DETAILS

 

Name :

SABIR TRADERS LIMITED

 

 

Registered Office :

House No 25, Road No.10, Gulshan-1, Dhaka-1212

 

 

Country :

Bangladesh

 

 

Year of Establishment :

1979

 

 

Com. Reg. No.:

C-9065

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer & Retailer of Alcoholic beverages & others

 

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:                                                  Sabir Traders Limited

 

Address:                                   House No 25, Road No.10,

Gulshan-1,

                                                Dhaka-1212

 

Country:                                   Bangladesh      

 

Tel No :                                    880-2-8828263, 8828500

 

Fax No. :                                  880-2-8823464

 

E-Mail:                                     stl@bdmail.net

 

Established:                             1979

 

Incorporation No :                    C-9065

 

Incorporation Date:                  6th June 1981

 

Legal Structure:                       The subject is a Private Limited Company Registered with the Registrar of Joint Stock Companies, Dhaka

 

Business Type:             Importer & Retailer

                                               

Status:                                     Satisfactory

 

Payments:                                No complaints have been heard regarding payments 

                                                from banks.

 

Litigation:                                NIL

 

 

LOCATIONS

 

Head Office:                             House No 25, Road No.10,

Gulshan-1,

                                                Dhaka-1212,

Bangladesh      

 

Tel No :                                    880-2-8828263, 8828500

 

Fax No. :                                  880-2-8823464

 

E-Mail:                                     stl@bdmail.net

 

Branch:                                    NIL

 

 

DIRECTORS

 

Name:                                      Mr. Ibrahim Sabir

Designation:                           Chairman & Managing Director

 

Name:                                      Mrs. Azmir Begum

Designation:                            Director

 

Name:                                      Mr.Shawkat Hossain

Designation:                            Director

 

Name:                                      Mr.Alok Das

Designation:                            Director

 

 

BUSINESS DETAILS

 

Line of Business:                     Importer & Retailer

 

Items Dealing in:                     Alcoholic beverages & others

 

Terms of Sale:                         1 Cash

                                                1 Credit

                                   

 

BANKERS

 

Name:                                      AB Bank Limited

Branch:                                    Gulshan Branch

 

Address:                                   Gulshan

                                                Dhaka

 

Name:                                      Standard Chartered bank

Branch:                                    Karwan Bazaar Branch,

 

Address:                                   Karwan Bazaar Commercial Area,

                                                Dhaka

 

 

FINANCIAL INFORMATION

 

 

 

       2007

2006

2005

Capital Invested

Tk.18.4 million

Tk.18 million

Tk.17.5 million

Turnover

Tk.121 million

Tk.120 million

Tk.119 million

Liability

Tk.5.1 million

Tk.5.5 million

Tk.5.8 million

Fixed Assets

Tk.15 million

Tk.15 million

Tk.15 million

 

 

CAPITAL STRUCTURE

 

Authorized Capital

:

Tk.1 million

Paid Up Capital

:

Tk.100,000.00

Each Share Value

:

Tk.100.00

 

 

EXCHANGE RATE

 

CURRENCY

UNIT

BANGLADESHI TAKA

Great Britain 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:                     31

Executives--------------2

Junior Executives------4

Sales Staffs-----------16

Support Staffs---------5                                               

                                              General Staffs---------4                                          

 

Items Dealing In:                                 1 Whiskey

                                                1 Brandy

                                                1 Gin

                                                1 Vodka

                                                1 Wine

                                                1 Beer

                                                1 Electrical Appliances

                                                1 Canned Food Items

                                                1 Electronic Household Appliances

                                                1 Glass & Tableware

                                                    

Office Area:                             1,200 sq.ft (rented)

 

Warehouse Area:                     5,000 sq.ft. (rented)

 

Imported From:*                      1 U.S.A

                                                1 U.K

                                                1 Russia

                                                1 France

                                                1 Australia

                                                1 Thailand

                                                1 Singapore

                                                1 Poland

 

 *The subject has refused to reveal the names

                                               

Name of the Group:                 NIL

 

Subsidiaries:                            NIL

                                               

Member:                                  1 Bangladesh Diplomatic Bonded Warehouse Association,

                                                   Dhaka

 

1 Dhaka Chamber of Commerce & Industries,

                                                   Dhaka

                       

           

COMMENTS

 

The subject is a private limited company engaged in importing and retailing in duty free goods to diplomatic persons and UN officials stationed in Dhaka. They sell all types of consumer goods, electric household items and liquors. The qualities of their products are very good and they supply the best in the market. They are very well reputed among local diplomats.

 

The directors are experienced businessmen of good reputation who are reported to be financially solvent and fair in their trade terms.

 

The subject is good for normal 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

 

 

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