MIRA
INFORM REPORT
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Report Date : |
18.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
YRS INTERNATIONAL |
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Registered Office : |
92,Shahid Syed Nazrul Islam North South Road, Dhaka-1100 |
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Country : |
Bangladesh |
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Financials (as on) : |
2007 |
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Date of Incorporation : |
April, 1998 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Importing, Exporting and Selling of Fruits, Vegetables and other Food
Items. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Concern |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY DETAILS
Name: YRS International
Address: 92,Shahid Syed
Nazrul Islam
North
South Road,
Dhaka-1100,
Country: Bangladesh
Mailing Address: P.O.Box No.1177,
Tel No : 880-2- 7122983, 7121340
Fax No : 880-2-7121340
E-Mail: yrs@bdcom.com
Established: April,
1998
Incorporation No : N/A
Incorporation Date: N/A
Legal Structure:
The subject is
Proprietorship Company
Business Type:
Importer, Exporter and
Sellers
Status: Satisfactory
Payments: No complaints
have been heard regarding payments
from local suppliers or banks.
Litigation: NIL
LOCATIONS
Head Office: 92,Shahid Syed
Nazrul Islam
North
South Road,
Dhaka-1100,
Tel No: 880-2-
7122983, 7121340
Fax No: 880-2-7121340
E-Mail: yrs@bdcom.com
Branch: 19/1,Justice Lal Mohan Das Lane,
Factory: N/A
Warehouse: N/A
PROPRIETOR & CEO
Name: Mr.Mohammad
Yasin
Designation: Proprietor
BUSINESS DETAILS
Line of Business: Importer,
Exporter and Sellers
Items Dealing In:
Import 1 Fresh Grapes
1 Apples
1 Pears
1 Plums
1 Mangos
1 Lichee
1 Dates
1 Dates
1 Strawberry
1 Garlic’s
1 Ginger
1 Onion
1 Rice
1 Wheat
Export To: 1 U.A.E
1 Saudi Arabia
1 Qatar
1 Kuwait
Imported From: 1 China
1 Pakistan
1 South Africa
1 Australia
1 Thailand
1 Canada
1 USA
1 India
Terms of Sale: 1 Cash
1 Credit
BANKERS
Name: United
Commercial Bank Limited
Branch: Banshal
Branch
Address: Banshal,
Dhaka
Name: United
Commercial Bank Limited
Branch: Islampur
Branch,
Address: Islampur,
Dhaka
The company performs most of the business transactions with the above
mentioned bank. No more details were provided.
FINANCIAL INFORMATION
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2007 |
2006 |
2005 |
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Capital Invested |
Tk.10 million |
Tk.10 million |
Tk.10 million |
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Turnover |
Tk.132 million |
Tk.130 million |
Tk.129.5 million |
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Liability |
NIL |
NIL |
NIL |
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Fixed Assets |
Tk.12 million |
Tk.12 million |
Tk.12 million |
CAPITAL STRUCTURE
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Authorized Capital |
: |
N/A |
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Paid Up Capital |
: |
N/A |
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Each Share Value |
: |
N/A |
EXCHANGE RATE
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CURRENCY |
UNIT |
BANGLADESHI TAKA |
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Great Britain 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-----------------2
Junior Executives---------3
Field
Staffs----------------3
Sales
Staffs---------------4
General
Staffs-------------3
Office Area: 750
sq.ft (rented)
Factory Area: N/A
Warehouse Area: 2,800
sq.ft (rented)
Name of the Group: NIL
Subsidiaries: N/A
Member: 1 Dhaka Chamber of Commerce &
Industries, Dhaka
1
Bangladesh Fresh Fruits Importers & Exporter
Association, Dhaka
COMMENTS
The subject is a proprietorship concern who is engaged in
importing, exporting and selling of fruits, vegetables and other food items.
The concern is quite well known in the local market.
Mr.Mohammad Yasin, the proprietor of this concern he is
experienced businessman. he is financially solvent and good at his business
commitment, it is reported.
The concern 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%)