MIRA INFORM REPORT

 

 

Report Date :

02.01.2008

 

IDENTIFICATION DETAILS

 

Name :

J. B. Trading

 

 

Registered Office :

24, Agrabad Commercial Area, Chittagong

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

February, 2001

 

 

Legal Form :

Proprietorship Concern

 

 

Line of Business :

Engaged as importer, sellers and foreign manufacturer representative.

 

 

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 :

Regular

 

 

Litigation :

Clear

 

 

Report on  

 

J.B. Trading

 

            

Address

 

24, Agrabad Commercial Area,

Chittagong,

Bangladesh

Telephones        : 880-31-715311-2

Fax                   : 880-31-712130

E-mail               : imamgroup@bbt.net.bd

                                                                                                                      

 

SUMMARY

 

Established                   : February, 2001

Incorporation No.            : N/A

Incorporation Dated        : N/A

Proprietor & CEO           : Mr. Mohammad Ali

 

 

Employees       

 

18

 

Executives-                    3

Junior Executives-         5

Field Staffs-                   7

General Staff-                3

 

 

BANK REFERENCES

 

Standard Chartered Bank

Agrabad Branch,

Agrabad Commercial Area,

Chittagong

 

EXIM Bank Limited

Agrabad Branch,

Chittagong,

 

 

FACTORY

 

N/A

 

 

BRANCH

 

N/A

 

 

OFFICE AREA

 

2,200 sq. ft. (own)

 

                                   

FACTORY AREA

 

N/A

 

 

WAREHOUSE AREA

 

4,500 sq. ft (own)

 

 

PROPRIETOR

 

Mr. Mohammad Ali

 

                                                           

HISTORY

 

Subject was established in February, 2001 by Mr. Mohammad Ali in Chittagong city.

 

 

BUSINESS

 

The concern is engaged as importer, sellers and foreign manufacturer representative.

 

 

ITEMS DEALING IN

                       

Machinery

Heavy Equipments

 

                                                                       

TERM OF SALES

 

Cash

Credit

 

 

 

PRINCIPALS FROM

 

1 China

1 Thailand

1 Hong Kong

1 Malaysia

 

 

NAME OF GROUP

                                   

Imam Group

 

 

SISTER CONCERN

 

1 Imam Garments Limited

1 Imam Industries Limited,

1 Imam Button Industries Limited,

 

                                                                                                 

LEGAL FORM

 

Subject is a proprietorship concern

 

 

FINANCIAL INFORMATION   

           

2006                             2005                             2004

 

Capital Invested             Tk.10 million                  Tk.10 million                  Tk.10 million     

 

Turnover                        Tk.90 million                  Tk.88 million                  Tk.87.2 million  

           

Liability                         NIL                               NIL                               NIL

 

Fixed Assets                 Tk.60 million                  Tk.60 million                  Tk.60 million     

           

                                               

CAPITAL STRUCTURE

 

Authorized Capital          : N/A

 

Paid up Capital              : N/A

 

Each share value           : N/A

 

 

EXCHANGE RATE

 

GB Pound                     1.00=Tk. 143.7238

US Dollar                      1.00=Tk.  69.4023

Europe Euro                  1.00=Tk.101.3730

Japanese Yen                1.00=Tk.   0.6176

Australian Dollar            1.00=Tk.  63.2055

 

 

COMMENTS

 

Subject is a proprietorship concern engaged in importing, selling of foreign manufacturer representative of machinery and heavy equipments. The concern is well known in the local trade circle.

 

Mr. Mohammad Ali is well acquainted in his line of trade. He is an old hand businessman and good at his business commitments, it is reported.

 

The concern is good for normal business engagements.

 

 

 

 

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