MIRA INFORM REPORT

Report Date :

22.01.2008

IDENTIFICATION DETAILS

Name :	BENGAL PRINTING & PACKAGING

Registered Office :	7,Belyet Hossain Sarak, Rupsha Strand Road, Khulna-9100

Country :	Bangladesh

Financials (as on) :	2007

Date of Incorporation :	April, 1983

Legal Form :	Proprietorship Company

Line of Business :	Importers, Manufacturer & Sellers of Cartons Printing & Packaging,

RATING & COMMENTS

MIRA’s Rating :

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: Bengal Printing & Packaging

Address: 7,Belyet Hossain Sarak,

Rupsha Strand Road,

Khulna-9100

Country: Bangladesh

Tel. No. : 880-41-730681, 725624, 722102,

Fax No. : 880-41-730681,

E-Mail: bppi@khulna.bangla.net

Established: April, 1983

Incorporation No : N/A

Incorporation Date: N/A

Legal Structure: The subject is Proprietorship Company

Business Type: Importers, Manufacturer & Sellers of Cartons Printing

& Packaging,

Status: Satisfactory

Payments: No complaints have been heard regarding payments

from local suppliers or banks.

Litigation: NIL

LOCATIONS

Head Office: 7, Belyet Hossain Sarak,

Rupsha Strand Road,

Khulna-9100

Branch: NIL

Factory: 7, Belyet Hossain Sarak,

Rupsha Strand Road,

Khulna-9100

Warehouse: 7, Belyet Hossain Sarak,

Rupsha Strand Road,

Khulna-9100

PROPRIETOR & CEO

Name: Al-Haj Azizul Islam

Designation: Proprietor

BUSINESS DETAILS

Line of Business: Manufacturer & Sellers

Items Dealing In: 1 Papers

1 Paper Boards

1 Printing Inks

Terms of Sale: 1 Cash

1 Credit

BANKERS

Name: Krishi Bank Limited

Branch: Rupsha Branch,

Address: Khulna

The company performs most of the business transactions with the above mentioned bank. No more details were provided.

FINANCIAL INFORMATION

	2007	2006	2005
Capital Investment	Tk.20 million	Tk.20 million	Tk.20 million
Turnover	Tk.170 million	Tk.169.8 million	Tk.169 million
Liability	Tk.5 million	Tk.5.8 million	Tk.6.3 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	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: 85

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

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

Engineers---------------------1

Quality Control---------------7

Supervisory Staffs---------10

Support Staffs----------------4

General Staffs--------------- 6

Workers- ---------------------52

Office Area: 950 sq.ft (rented)

Factory Area: 8,000 sq.ft (rented)

Warehouse Area: 1,800 sq.ft.(rented)

Range of Products: 1 Cartons

1 Printing & Packaging

Import from: 1 China

1 Korea

1 Indonesia

1 Thailand

1 Japan

Main Clients: 1 Local export oriented Garments Industries,

1 Local food product industries

Name of the Group: NIL

Subsidiaries: NIL

Member 1 Khulna Chamber of Commerce & Industries, Khulna

COMMENTS

The subject is a proprietorship company engaged in importing, manufacturing and selling of papers, papers boards, printing inks and related items to garments industries, food industries and others.

The proprietor is well conversant in his line of trade and he is also experienced businessman. He is financially solvent and good at his business commitments, it is reported.

The company 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