MIRA
INFORM REPORT
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Report Date : |
22.10.2008 |
IDENTIFICATION DETAILS
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Correct Name : |
ALAM FIBERS |
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Registered Office : |
39/21, |
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Country : |
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Financials (as on) : |
2007 |
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Date of Incorporation : |
August 2006 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Importing and Selling of all kinds of Drugs and Ointments
for Skin Disease in the Local Market. |
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 |
CMPANY DETAILS
Name: Alam Fibers
Address: 39/21,
Rampura,
Dhaka-1219,
Country:
Tel No : 880-2-8319006,
88017111-7424
Fax No : NIL
E-Mail: NIL
Established: August 2006
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: 39/21,
Rampura,
Dhaka-1219,
Tel No : 880-2-8319006, 88017111-7424
Fax No. : NIL
E-Mail: NIL
Branch: NIL
Factory: NIL
Factory Tel No : NIL
Factory Fax No : NIL
PROPRIETOR
Name: Mr.Pankaj
Dutta
Designation: Proprietor
BUSINESS DETAILS
Line of Business: Importer & Sellers
Items Dealing
In: 1 Skin Disease Ointment Cream
1 Drugs
Terms of
1 Credit
BANKERS
Name: Premier
Bank Limited
Branch: Principal
Branch,
Address: Dilkusha
Commercial Area,
The company performs most of the business transactions with the
above-mentioned bank. No more details were provided.
FINANCIAL INFORMATION
2007
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Capital Invested |
Tk.6 million |
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Turnover |
Tk.30 million |
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Liability |
NIL |
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Fixed Assets |
Tk.10 million |
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CAPITAL STRUCTURE
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Authorized Capital |
: |
N/A |
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Paid Up Capital |
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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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1 |
137.1626 |
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U.S Dollar |
1 |
69.4000 |
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European Euro |
1 |
108.8231 |
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Japanese Yen |
1 |
0.6729 |
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Australian Dollar |
1 |
65.7102 |
GENERAL INFORMATION
No. of Employees: 3
Executives-----------------1
Sales Staffs----------------1
General
Staffs------------ 1
Office Area: 520
sq.ft (rented)
Factory Area: N/A
Warehouse Area: N/A
Name of the Group: NIL
Subsidiaries: NIL
Member 1 Dhaka Chamber of Commerce & Industries,
COMMENTS
The subject is a small proprietorship company engaged in
importing and selling of all kinds of drugs & ointments for skin disease in
the local market.
The proprietor is conversant in their line of trade and he
is also experienced businessman.
The company is good for normal business engagements.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.95 |
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1 |
Rs.79.56 |
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Euro |
1 |
Rs.63.65 |
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%)