MIRA
INFORM REPORT
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Report Date : |
28.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
S S ENTERPRISE |
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Registered Office : |
Ibrahim Chamber (4th Floor), 95,Motijheel
Commercial Area, Dhaka-1000 |
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Country : |
Bangladesh |
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Financials (as on) : |
2007 |
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Date of Incorporation : |
March 1984 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Importing and Trading of all types’ of Plastic Accessories
and Color Chemicals to Local Markets. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
|
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: S S Enterprise
Address: Ibrahim
Chamber (4th Floor),
95,Motijheel Commercial Area,
Dhaka-1000
Country: Bangladesh
Tel No : 880-2-9554670,
7174934
Fax No. : 880-2-9565482
E-Mail: ismam@glinktel.com
bil@dhaka.net
Established: March
1984
Incorporation No: N/A
Incorporation Date: N/A
Legal Structure:
The subject is
Proprietorship Company
Business Type:
Importer & Trader
Status: Satisfactory
Payments: No complaints
have been heard regarding payments
from local suppliers or banks.
Litigation: NIL
LOCATIONS
Head Office: Ibrahim Chamber (4th
Floor),
95,Motijheel Commercial Area,
Dhaka-1000
Tel No: 880-2-9554670, 7174934,
Fax No : 880-2-9565482,
E-Mail: ismam@glinktel.com
bil@dhaka.net
Branch: NIL
Factory: N/A
Factory Tel. No : N/A
Factory Fax No. : N/A
PROPRIETOR
Name: Mr.Mojaharul
Haque
Designation: Proprietor
BUSINESS DETAILS
Line of Business: Importers & Trader
Items Dealing
In: Plastic Items
Terms of Sale: 1 Cash
1 Credit
bankers
Name: Janata
Bank Limited
Branch: Corporate
Office Branch,
Address: Motijheel
Commercial 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.5 million |
Tk.5 million |
Tk.5 million |
|
Turnover |
Tk.36 million |
Tk.35 million |
Tk.33.8 million |
|
Liability |
NIL |
NIL |
NIL |
|
Fixed Assets |
Tk.10 million |
Tk.10 million |
Tk.10 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 |
|
Great Britain Pound |
1 |
137.1626 |
|
U.S Dollar |
1 |
69.4000 |
|
European Euro |
1 |
108.8231 |
|
Japanese Yen |
1 |
0.6729 |
|
Australian Dollar |
1 |
65.7102 |
GENERAL INFORMATION
No. of Employees: 8
Executives-----------------2
Field Staffs-----------------2
Sales Stafs-----------------2
General
Staffs-------------2
Office Area: 2,000
sq.ft (rented)
Factory Area: N/A
Warehouse Area: 2,600
sq.ft.(rented)
Items
Dealing in: 1 Plastic Accessories
1 Color Chemicals
Import From: 1 China
1
Taiwan
1 Germany
Name of the Group: NIL
Subsidiaries: 1 Bismillah Industries,
1 Islam Rubber Industries
1 Haque Food Industries
Member 1 Dhaka Chamber of Commerce &
Industries, Dhaka
COMMENTS
The subject is a proprietorship concern engaged in importing
and trading of all types’ of Plastic Accessories and color chemicals 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.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.43 |
|
UK Pound |
1 |
Rs.85.38 |
|
Euro |
1 |
Rs.67.95 |
RATING
EXPLANATIONS
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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 |
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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%)