MIRA
INFORM REPORT
|
Report Date : |
09.09.2008 |
IDENTIFICATION
DETAILS
|
Name : |
TASHO ENTERPRISES |
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Registered Office : |
24/A,Skylark Point (6th Floor),175,Shahid
Nazrul Islam Sarani, North South Road, Bijoynagar, Dhaka |
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Country : |
Bangladesh |
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Financials (as on) : |
2007 |
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Date of Incorporation : |
January 1982 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Importing, Marketing and Selling of Fresh Fruits, Dried Fruits. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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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 |
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Status : |
Small Concern |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY DETAILS
Name: Tasho Enterprises
Address: 24/A,Skylark
Point (6th Floor),
175,Shahid
Nazrul Islam Sarani,
North
South Road,
Bijoynagar,
Dhaka,
Country: Bangladesh
Tel No : 880-2-
9352546-48
Fax No : 880-2-9330014
E-Mail: salim@bangla.net
Established: January
1982
Incorporation No : N/A
Incorporation Date: N/A
Legal Structure:
The subject is
Proprietorship Company
Business Type:
Importer and Sellers
Status: Satisfactory
Payments: No complaints
have been heard regarding payments
from local suppliers or banks.
Litigation: NIL
LOCATIONS
Head Office: 24/A,Skylark Point
(6th Floor),
175,Shahid
Nazrul Islam Sarani,
North
South Road,
Bijoynagar,
Dhaka,
Tel No: 880-2-
9352546-48
Fax No: 880-2-9330014
E-Mail: salim@bangla.net
Branch: 19/1,Justice Lal Mohan Das Lane,
Factory: N/A
PROPRIETOR & CEO
Name: Mr.Salim
Haque Essa
Designation: Proprietor
BUSINESS DETAILS
Line of Business: Importer
and Sellers
Items Dealing In: Import
1 Fresh Grapes
1 Apples
1 Spices
1 Dates
1 Raisin
1 Medical Herbs
Imported From: 1 Craig Mostyn & Co-------------------Australia
1 Dovex Export Company Wenachee W.A-USA
1 Alboghari General Trading Co-------UAE
1 Shahnoor International-------------Pakistan
1 Rowshan Enterprise-----------------Pakistan
1 M.K. Enterprise----------------------Pakistan
1 Haji Soleman Adam Khotori--------Pakistan
1 Al-Mahmood Kazim & Brothers-----Pakistan
1 J.M.B. Exporters--------------------Pakistan
1 Rishad Mateen & Co----------------Pakistan
Terms of Sale: 1 Cash
1 Credit
BANKERS
Name: Habib
Bank Limited
Branch: Motijheel
Branch
Address: Motijheel
Commercial Area,
Dhaka-1000
The company performs most of the business transactions with the
above-mentioned bank. No more details were provided.
FINANCIAL INFORMATION
|
|
2007 |
2006 |
2005 |
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Capital Invested |
Tk.21 million |
Tk.21 million |
Tk.21 million |
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Turnover |
Tk.141.2 million |
Tk.140 million |
Tk.139.5 million |
|
Liability |
NIL |
NIL |
NIL |
|
Fixed Assets |
Tk.30 million |
Tk.30 million |
Tk.30 million |
CAPITAL STRUCTURE
|
Authorized Capital |
: |
N/A |
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Paid Up Capital |
: |
N/A |
|
Each Share Value |
: |
N/A |
EXCHANGE RATE
|
CURRENCY |
UNIT |
BANGLADESHI TAKA |
|
Great Britain Pound |
1 |
137.1626 |
|
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: 15
Executives-----------------2
Junior Executives---------2
Field
Staffs----------------3
Sales
Staffs---------------4
General
Staffs-------------4
Office Area: 955
sq.ft (rented)
Factory Area: N/A
Warehouse Area: 3,500
sq.ft (rented)
Name of the Group: NIL
Subsidiaries: 1 Seven
Star Trading Company,
Member: 1 Dhaka Chamber of Commerce &
Industries, Dhaka
COMMENTS
The subject is a proprietorship concern who is engaged in
importing, marketing and selling of fresh fruits, dried fruits. The company is
quite well known in the local market.
Mr.Salim Haque Essa, 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.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.26 |
|
UK Pound |
1 |
Rs.79.00 |
|
Euro |
1 |
Rs.63.53 |
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 |
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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 |
|
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 |
|
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%)