MIRA INFORM REPORT

 

 

Report Date :

20.12.2008

 

IDENTIFICATION DETAILS

 

Name :

M/S CENTURY TRADE INTERNATIONAL

 

 

Registered Office :

198-202, Nawabpur Road (1st Floor), Dhaka

 

 

Country :

Bangladesh

 

 

Financials (as on) :

2007

 

 

Year of Establishment :

2006

 

 

Legal Form :

Proprietorship

 

 

Line of Business :

Importing of Band Saw Blade, Shoe Sole, Blade, Bottom and Emery Stone from Overseas Countries and Selling it in the Local Market.

 

 

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 :

Usually Correct

 

 

Litigation :

Clear

 

 

COMPANY DETAILS

 

Name:                                                   M/s Century Trade International

 

Address:                                   198-202, Nawabpur Road (1st Floor),

                                                Dhaka

 

Country:                                    Bangladesh      

 

Tel. No. :                                   880-2-7112631

 

Fax No. :                                   NIL

 

E-Mail:                                      centurytrade09@gmail.com

 

Established:                              2006

 

Incorporation No. :                      N/A

 

Incorporation Date:                     N/A

 

Legal Structure:                         The subject is Proprietorship Concern

 

Business Type:                          Importer & Trader

 

Status:                                      Satisfactory

 

 

Payments:                                No complaints have been heard regarding payments 

                                                from local suppliers or banks.

 

Litigation:                                  NIL

 

 

LOCATIONS

 

Head Office:                              198-202, Nwabpur Road (1st Floor)

                                                Dhaka

                                   

Tel. No. :                                  880-2-7112631  

 

Fax No. :                                  NIL

 

E-Mail:                                     centurytrade09@gmail.com

 

Branch:                                    206, SN Plaza (3rd Floor)

                                                 3 NO. Jetty Gate

                                                Chittagong

 

Factory:                                    NIL

 

Factory Tel No :                        NIL

 

Factory Fax No. :                      NIL

 

 

PROPRIETOR

 

Name:                                       Mr.Mohammad Mujibur Rahman

Designation:                             Proprietor

 

 

BUSINESS DETAILS

 

Line of Business:                       Importer & Trader

 

Items Dealing In:                        Soles, Buttons etc

 

Terms of Sale:                           1 Cash

                                                1 Credit

 

 

BANKERS

 

Name:                                       Islami Bank Bangladesh Limited

Branch:                                     Nawabpur Branch,

 

Address:                                   Nawabpur,

Dhaka

 

 

FINANCIAL INFORMATION

 

                                                            2007                     2006            

Capital Invested

 

Tk.8 million

 

Tk.7 million

 

 

Turnover

Tk.40 million

Tk.38.5 million

 

Liability

NIL

NIL

 

Fixed Assets

Tk.10 million

Tk.10 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

140.1706

             U.S Dollar

1

69.4850

             European Euro

1

94.9041

             Japanese Yen

1

0.5712

             Australian Dollar

1

59.7270

 

 

 

 

 

 

GENERAL INFORMATION

 

No. of Employees:                     15

Executives-------------------2   

Junior Executives----------3                                                          

Field Staffs- -----------------2        

                                                Quality Control--------------3     

                                                General Staffs---------------5  

                                               

 

Office Area:                               250 sq.ft (rented)

 

Factory Area:                            N/A

 

Warehouse Area:                       6000 sq.ft.(rented)

 

Items Dealing in:                        1 Band saw Blade

1 Shoe sole

1 Blade

1 Buttons

1 Emery stone

                                               

 

 

 

Import From:                              1 China

                                                1 Singapore

                                                1 India

 

Name of the Group:                    NIL

 

Subsidiaries:                             1 Century Electronics (pvt) Limited

                                                1 Yasin Electronics Industries

                                                1 Sheikh Shipping Lines

                                                1 A. One Plastic & Rubber Industries     

                                               

Member                                    1 Dhaka Chamber of Commerce & Industries, Dhaka

                                                 

 

 

COMMENTS

 

The subject is a proprietorship concern engaged in importing of Band Saw Blade, Shoe Sole, Blade, Bottom & Emery Stone from overseas countries and selling it in the local market.

 

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

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