MIRA
INFORM REPORT
|
Report Date : |
24.01.2008 |
IDENTIFICATION
DETAILS
|
Name : |
WAHAB JUTE TRADING COMPANY LIMITED |
|
|
|
|
Registered Office : |
447, Khan A. Sabur Road, Daulatpur, Khulna |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Financials (as on) : |
2006 |
|
|
|
|
Date of Incorporation : |
14.06.1976 |
|
|
|
|
Com. Reg. No.: |
4820 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Raw Jute Exporter. |
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 |
COMPANY DETAILS
Name : Wahab Jute Trading Co Limited
Address : 447, Khan A. Sabur Road, Daulatpur,Khulna,
Country : Bangladesh
Tel. No. : 880 -41- 762751, 762578, 762171,
Fax No. : 880- 41- 761236,
E-Mai : farook@khulna.bangla.net
Established : 1942
Incorporation No. : 4820
Incorporation Date : 14th
June, 1976
Legal Structure : The subject was established as a
proprietorship company in the year 1942.Later
they incorporated as a Private Limited Company with the Registrar of
Joint Stock
Companies, Dhaka in 1976.
Business Type : Raw Jute Exporter
Status : Satisfactory
Payments : No complaints have been heard regarding
payments from local suppliers or banks.
Litigation : NIL
LOCATIONS
Head Office : R.M.Centre, Suite No.310, Gulshan
Avenue, Dhaka-1212,
Tel. No. : 880-2-9896436, 8824529
Fax No. : 880-41-2830109,
E-Mail : farook@khulna.bangla.net
Branch :
NIL
Factory :
NIL
Factory Tel. No : NIL
Factory Fax No. : NIL
SHAREHOLDERS & DIRECTORS
Name : Mrs.Laily
Begum
Designation : Chairperson
Name : Mr.Sheikh
Farook Hossain
Designation : Managing Director
Name : Mrs.Shaila Farook
Director : Director
BUSINESS DETAILS
Line of Business : Exporter
Items Dealing In : Raw
Jute
Terms of Sale : Against L/C
BANKERS
Name : Agrani Bank Limited
Branch : Clay Road Branch, Khulna
The company performs most of the business transactions with the above
mentioned bank. No more details were provided.
FINANCIAL INFORMATION
2006 2005 2004
Capital Invested Tk.35 million Tk.35 million Tk.35 million
Turnover Tk.325 million
Tk.322 million Tk.321.2 million
Liability
Tk.9 million Tk.9.7
million Tk.11 million
Fixed Assets Tk.44 million Tk.44 million
Tk.44 million
CAPITAL STRUCTURE
Authorized Capital : Tk.20 million
Paid Up Capital : Tk.150,000.00
Each Share Value : Tk.100.00
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 : 12
Executives 2
Junior
Executives 2
Sales
Staffs 3
General
Staffs 5
Office Area : 1,500
sq.ft (rented)
Factory Area : N/A
Warehouse Area : 10,500 sq.ft.(own)
Items Dealing in : 1 Raw Jutes
Export To : 1 Champdani Jute
Industries- India
1 Surgudha
Jute Mills Limited- Pakistan
1 Filtisac
Abioon-Ivory cost
Name of the Group : NIL
Subsidiaries : 1 Wahab Jute Mills
Limited,
1 Farook
Hossain & Co,
1 New
Standard Jute Press Limited,
Member 1 Dhaka
Chamber of Commerce & Industries, Dhaka
1 Bangladesh
Jute Exporter Association, Dhaka
COMMENTS
The subject is a private limited company engaged in exporting of raw
jute to overseas countries.
The company is in this line of business for a long time and they have
all the expertise for this trade. They are financially solvent and fair in
their trade terms, 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%)