MIRA
INFORM REPORT
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Report Date : |
02.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
MONAMI IMPEX LIMITED |
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Registered Office : |
Elite House (4th Floor), 54,Motijheel Commercial Area, Dhaka-1000 |
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Country : |
Bangladesh |
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Financials (as on) : |
2007 |
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Date of Incorporation : |
October 1990 |
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Com. Reg. No.: |
C-20031 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Exporters of Jute Goods |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY DETAILS
Name: *
Monami Impex Limited
* The subject has recently changed its name as
per the provisions under The Companies Act, 1994.The subject is now operating
under this name.
Address: Elite House (4th
Floor),
54,Motijheel
Commercial Area,
Dhaka-1000,
Country: Bangladesh
Tel No: 880-2-
9551085, 9560886, 9554152,7170388
Fax No: 8802 9560422, 8823824
E-Mail: mil_bd@bangla.net
monamiint@yahoo.com
Established: October
1990
Incorporation No: C-20031
Incorporation Date: 10th October 1990
Legal Structure:
The subject is a private
limited company in corporate
With
the Registrar of Joint Stock Companies,
Dhaka,
Business Type:
Exporters of Jute Goods
Status: Satisfactory
Payments: No complaints
have been heard regarding payments
from local suppliers or banks.
Litigation: NIL
LOCATIONS
Head Office: Elite House (4th
Floor),
54,Motijheel
Commercial Area,
Dhaka-1000,
Tel No: 880-2- 9551085, 9560886,
9554152,7170388
Fax No: 8802
9560422, 8823824
E-Mail: mil_bd@bangla.net
Branch: NIL
SHAREHOLDER’S AND DIRECTORS
Name: Mr.Syed
Jahangir Hossain
Designation: Chairman & Managing
Director
Name: Mr.Abdur
Rahim
Designation: Director
Name: Mrs.Monowara
Hossain
Designation: Director
BUSINESS DETAILS
Line of Business:
Exporters of Jute
Goods
Items Dealing In: 1 Hessian
Cloth
1 Hessian
Bag (Potato/Onion bag)
1 Hessian Cotton Pack
1 Sand
Bag
1 Sacking
1 Wool Pack
1 Cut Size Std. Twill
1 Raw
Jute
1 Jute
Mat
Terms of Sale: 1 Against
L/C
BANKERS
Name: Prime
Bank Limited
Branch: Main
Branch
Address: Motijheel
Commercial Area,
Dhaka
Name: Shahjalal
Bank Ltd
Branch: Dilkusha Branch,
Address: Dilkusha Commercial Area,
Dhaka
FINANCIAL INFORMATION
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2007 |
2006 |
2005 |
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Capital Investment |
Tk.12 million |
Tk.12 million |
Tk.12 million |
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Turnover |
Tk.135 million |
Tk.130.6 million |
Tk.128.2 million |
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Liability |
Tk.3 million |
Tk.5.1 million |
Tk.6 million |
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Fixed Assets |
Tk.20 million |
Tk. 20 million |
Tk.20 million |
CAPITAL STRUCTURE
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Authorized Capital |
: |
Tk.10 million |
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Paid Up Capital |
: |
Tk.100, 000.00 |
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Each Share Value |
: |
Tk.100.00 |
EXCHANGE RATE
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CURRENCY |
UNIT |
BANGLADESHI TAKA |
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GB Pound |
1 |
143.7238 |
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U.S Dollar |
1 |
69.4023 |
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European Euro |
1 |
101.3730 |
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Japanese Yen |
1 |
0.6176 |
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Australian Dollar |
1 |
63.2055 |
GENERAL INFORMATION
No. of Employees: 15
Executives-----------------3
Junior Executives---------4
Field Staffs----------------3
General Staffs-------------5
Office Area: 1,500
sq.ft (rented)
Factory Area: N/A
Warehouse Area: 3,200
sq.ft.(rented)
Exported To: * 1 Russia
1 EEC
Countries
1 Turkey
1 Pakistan
1 Middle Eastern Countries
*The subject
refused to refused the names of their buyers.
Member: 1 Bangladesh Jute Exporters
Association, Dhaka
1 Dhaka Chamber of Commerce &
Industries,
Dhaka
Name of the Group: NIL
Subsidiaries: 1 Behesti Export & Import,
COMMENTS
The subject is a private limited company engaged in
exporting of Raw Jute and Jute goods to various foreign countries. The
subject’s major market the EEC countries where their products have a very good
demand.
The directors are well conversant in their line of trade and
they are also experienced businessman.
The company is good for normal business engagements.
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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%)