MIRA
INFORM REPORT
|
Report Date : |
05.04.2011 |
IDENTIFICATION DETAILS
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Name : |
ZAHID CYCLE STORES |
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Registered Office : |
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Country : |
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Year of Establishment : |
1999 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Importer & Seller of Bicycles & Parts |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$ 10,000.00 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
COMPANY DETAILS
|
Name |
Zahid Cycle Stores |
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Address |
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Country |
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Telephone No |
880-2-8792456 |
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Fax No |
880-2-8972442 |
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E-Mail |
NIL |
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Website |
NIL |
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Established |
1999 |
|
Legal Status |
Proprietorship |
|
Business Type |
Importer & Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints
have been heard regarding payments from local suppliers or banks. |
LOCATIONS
|
Head Office |
|
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Telephone No |
880-2-8792456 |
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Fax No |
880-2-8972442 |
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E-Mail |
NIL |
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Website |
NIL |
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Branch |
NIL |
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Factory |
N/A |
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Factory Telephone No |
N/A |
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Factory Fax No |
N/A |
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Warehouse |
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PROPRIETOR
|
Name |
Mr. Zahidul Islam |
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Designation |
Proprietor |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Importer & Seller |
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Items Dealing In |
Bicycles & Parts |
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Terms of Purchase |
Import: Against L/C |
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Terms of |
Local: Cash or Credit |
BANKERS
|
Name |
Mercantile Bank Ltd |
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Branch |
Motijheel Branch |
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Address |
Motijheel C/A, |
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SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2009 |
2008 |
2007 |
|
Investment |
Tk.8 million |
Tk.8 million |
Tk.7 million |
|
Turnover |
Tk.50.4 million |
Tk.51 million |
Tk.50 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.12 million |
Tk.12 million |
Tk.10 million |
* Collected unofficially as the subject refused to reveal any information and as such its authenticity could not
be checked.
CAPITAL STRUCTURE
|
Authorized
Capital |
N/A |
|
Paid Up Capital |
N/A |
|
Each Share Value |
N/A |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
|
1 |
116.9923 |
|
U.S Dollar |
1 |
72.7700 |
|
European Euro |
1 |
102.8095 |
ADVERSE DATA MONITORING
|
Dishonored
Checks |
No Found |
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Debt |
No Records Found |
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Litigation |
No Records Found |
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Performance
Defaults |
No Records Found |
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Adverse Press
Coverage |
No Records Found |
|
Money Laundering |
No Records Found |
MAXIMUM RECOMMENDED CREDIT
|
Amount |
Based On |
|
US$ 10,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
10 |
|
Office Area (Sq.
Ft) |
900 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
2,200 sq.ft (rented) |
|
|
4 Bicycles 4 Bicycles spare
parts |
|
Imported
From |
4 *The subject refused to reveal the names of company. |
|
Certifications |
NIL |
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Group Name |
NIL |
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Subsidiaries /
Affiliates |
NIL |
|
Member |
4 Dhaka Chamber
of Commerce & Industry, |
COMMENTS
The subject is a proprietorship company engaged in importing
& selling of bicycles & spare parts in the local market.
The proprietor is conversant in his line of trade and he is
also experienced businessman. He is financially solvent and good at his
business commitments, it is reported.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.65 |
|
|
1 |
Rs.71.93 |
|
Euro |
1 |
Rs.63.24 |
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 |
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 |
|
-- |
NB |
New Business |
-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.