MIRA
INFORM REPORT
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Report Date : |
19.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
MSD TRADING INTERNATIONAL |
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Registered Office : |
16/A/1, Ahsanullah Road, Badamtali, Dhaka-1100 |
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Country : |
Bangladesh |
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Financials (as on) : |
2007 |
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Date of Incorporation : |
2002 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Import and Export of Fruits, Grains, tires etc |
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 Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY DETAILS
Name: MSD Trading
International
Address: 16/A/1,
Ahsanullah Road,
Badamtali,
Dhaka-1100
Country: Bangladesh
Tel. No. : 880-2-8613486
Fax No. : 880-2-8651731
E-Mail: ssntdas@yahoo.com
Established : 2002
Incorporation No : N/A
Incorporation Date: N/A
Legal Structure: The
subject is Proprietorship Company
Business Type: Importer
& Exporter.
Status: Satisfactory
Payments: No complaints
have been heard regarding payments
from local suppliers or banks.
Litigation: NIL
LOCATIONS
Head Office: 16/A/1, Ahsanullah
Road,
Badamtali,
Dhaka-1100
Bangladesh
Tel. No. : 880-2-8613486
Fax No. : 880-2-8651731
E-Mail: ssntdas@yahoo.com
Marketing Office: 22/2,
Free School Street,
Hatirpool,
Dhaka-1205.
Factory: N/A
PROPRIETOR
Name: Susanta
Kumar Das
Designation: Proprietor
BUSINESS DETAILS
Line of Business: Importer
& Exporter
Items Dealing
In: Fruits, Grains, tires etc
Terms of Sale: 1 Cash
/ Credit
1 Against L/C
BANKERS
Name: Southeast
Bank Limited
Branch: Imamgonj
Branch,
Address: Imamgonj,
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.20 million |
Tk.19.5 million |
Tk.19.2 million |
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Turnover |
Tk.120 million |
Tk.120 million |
Tk.119.4 million |
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Liability |
NIL |
NIL |
NIL |
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Fixed Assets |
Tk.30 million |
Tk.30 million |
Tk.29 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: 27
Executives-----------------01
Quality
Control------------01
Office
Staffs---------------05
Workers-------------------20
Office Area: 1,500
sq.ft (rented)
Warehouse Area: 5,000 sq.ft.(rented)
Range of
Items (Import): 1 Apples
1 Grapes
1 Pears
1 Citrus
1 Mangoes
1 Rambutan
1
Lychee
1
Longan
1 Dates
1 Garlic
1 Ginger
1 Automobile Tires
1 Automobile Spare Parts
1 Food
Grains
Range of
Items (Export): 1 Brinjal
1 Cabbage
1
Cauliflower
1 Green
Chilli
1 Green
Papaya
1 Ribbed
Ground
1 Cowpea
1 Carrot
1 Squash
Import From: 1 Yantai Linguay Science &
Technology-----China
1
Mildura Fruit Company---------------------Australia
1
Interglobal Products------------------------USA
Name of the Group: NIL
Subsidiaries: 1 Field King Farms Limited
1 Mishu Traders
Member : 1 Bangladesh Fruit Merchants
Association, Dhaka
1 Dhaka Chamber of Commerce &
Industries, Dhaka
COMMENTS
The subject is a proprietorship company engaged in import
and export business. The subject imports fruits, automobile spares, food grains
and other items and sells it in the local market and exports the locally
produced vegetables to foreign countries.
The proprietor is well conversant in his line of trade and
is an experienced businessman. He is reported to be financially solvent and
well backed by his banker.
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%)