MIRA
INFORM REPORT
|
Report Date : |
19.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
SARBAN INTERNATIONAL |
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Registered Office : |
House # 15, Road 10B, Block H, Banani, Dhaka |
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Country : |
Bangladesh |
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Year of Establishment : |
2001 |
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Legal Form : |
Partnership
company |
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Line of Business : |
Importing and selling
of alcoholic beverages like beer, whiskey, vodka etc |
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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|
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY DETAILS
Name: Sarban International
Address: House # 15,
Road
10B,
Block
H,
Banani,
Dhaka
Country: Bangladesh
Tel No : 880-2-9134020
Fax No. : 880-2-9134020
E-Mail: sarbanintl@yahoo.com
Established: 2001
Incorporation
No: N/A
Incorporation
Date: N/A
Legal Structure: The subject is a
Partnership company
Business Type: Importer &
Seller
Status: Satisfactory
Payments: No complaints have
been heard regarding payments
from banks.
Litigation: NIL
LOCATIONS
Head Office: House # 15,
Road
10B,
Block
H,
Banani,
Dhaka
Bangladesh
Tel No : 880-2-9134020
Fax No. : 880-2-9134020
E-Mail: sarbanintl@yahoo.com
Sales Center: ZIA International
Airport,
Dhaka
DIRECTORS
Name: Mr.
Moin Kabir
Designation: Managing Partner
Name: Mr. Kamal Ahmed
Designation: Managing Director
Name: Mr.Alok
Kumar Das
Designation: Director
BUSINESS DETAILS
Items Dealing
In: 1 Alcoholic & Non-Alcoholic Beverages
Terms
of Sale: 1 Cash
1 Credit
BANKERS
Name: Prime Bank Limited
Branch: Banani Branch
Address: Banani
Dhaka
FINANCIAL INFORMATION
|
|
2007 |
2006 |
2005 |
|
Capital Invested |
Tk.20 million |
Tk.20 million |
Tk.19.3 million |
|
Turnover |
Tk.80 million |
Tk.79.5 million |
Tk.79 million |
|
Liability |
Tk.5 million |
Tk.5.7 million |
Tk.5 million |
|
Fixed Assets |
Tk.25 million |
Tk.25 million |
Tk.25 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 |
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: 25
Executives-------------3
Junior Executives-----7
Sales Staffs----------10
General
Staffs---------5
Office Area: 1,400 sq.ft
(rented)
Shop Area: 1,000 sq.ft
(rented)
Warehouse Area: 2,500 sq.ft. (rented)
Range of Products: 1 All types of alcoholic beverages
1 Non - alcoholic beverages
Imported From:* 1 EEC Countries
* The
subject has refused to reveal the names.
Name of the Group: NIL
Subsidiaries: NIL
Member: 1 Dhaka Chamber of
Commerce & Industries,
Dhaka
COMMENTS
The subject is a partnership company engaged in importing and selling of alcoholic beverages like beer, whiskey, vodka etc to diplomatic persons and UN officials stationed in Dhaka. They company also has a sales center in ZIA International Airport.
The partners are well conversant in this line of trade. They are reported to be financially solvent and well backed by their bankers.
The company is okay 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.66.96 |
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 |
|
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%)