MIRA INFORM REPORT

Report Date :

03.03.2008

IDENTIFICATION DETAILS

Name :	HABIB & BROTHERS

Registered Office :	45, Dilkusha Commercial Area (3^rd Floor), Room No.4003, Dhaka-1000

Country :	Bangladesh

Financials (as on) :	2007

Date of Incorporation :	March, 1995

Legal Form :	Sole Proprietorship

Line of Business :	Importers & Sellers of Consumer Goods

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Small Concern

Payment Behaviour :	No Complaints

Litigation :	Clear

COMPANY DETAILS

Name: Habib & Brothers

Address:* 45, Dilkusha Commercial Area (3^rd Floor),

Room No.4003,

Dhaka-1000

* The subject shifted from the address provided by you around three years back and is currently operating from the above mentioned address.

Country: Bangladesh

Tel. No. : 880-2-9572080, 9554012,

Fax No. : 880-2-9571630,

E-Mail: nabarun@dhaka.net

Established : March, 1995

Incorporation No : N/A

Incorporation Date: N/A

Legal Structure: The subject is Proprietorship Company

Business Type: Importer & Sellers

Status: Satisfactory

Payments: No complaints have been heard regarding payments

from local suppliers or banks.

Litigation: NIL

LOCATIONS

Head Office: 45, Dilkusha Commercial Area (3^rd Floor),

Room No.4003,

Dhaka-1000,

Tel. No. : 880-2- 9572080, 9554012,

Fax No. : 880-2-9571630,

E-Mail: nabarun@dhaka.net

Branch: NIL

Factory: N/A

Factory Tel. No : N/A

Factory Fax No. : N/A

PROPRIETOR

Name: Mr.Habibur Rahman

Designation: Proprietor

BUSINESS DETAILS

Line of Business: Importers & Sellers

Items Dealing In: Consumer Goods

Terms of Sale: 1 Cash

1 Credit

BANKERS

Name: Mutul Trust Bank Limited

Branch: Main Office Branch,

Address: DilkushaCommercial Area,

Dhaka

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

FINANCIAL INFORMATION

2007 2006 2005

Capital Invested	Tk.10 million	Tk.10 million	Tk.10 million
Turnover	Tk.80 million	Tk.77.4 million	Tk.77 million
Liability	Tk.4 million	Tk.3.2 million	Tk.3 million
Fixed Assets	Tk.15 million	Tk.15 million	Tk.15 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: 6

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

Field Staffs----------------2

General Staffs-------------2

Office Area: 550 sq.ft (renred)

Factory Area: N/A

Warehouse Area: 3,000 sq.ft.(rented)

Items Dealing in: Consumer Goods

Import From: 1 China

1 Thailand

1 Myanmar

1 Pakistan

1 India

Name of the Group: Habib Group

Subsidiaries: 1 Gold Field Circular Ind. Ltd,

1 Ramisha Enterprise,

Member 1 Dhaka Chamber of Commerce & Industries, Dhaka

COMMENTS

The subject is a proprietorship concern engaged in importing and selling of all types’ of consumer goods (FMCGs) to local markets.

The proprietor is conversant in their line of trade and he is also experienced businessman. He is financially solvent 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