MIRA INFORM REPORT

 

 

Report Date :

27.04.2011

 

IDENTIFICATION DETAILS

 

Name :

SABIR TRADERS LIMITED

 

 

Registered Office :

House No.25, Road No.10, Gulsahn-1, Gulshan Avenue, Dhaka-1212

 

 

Country :

Bangladesh

 

 

Year of Establishment :

1979

 

 

Com. Reg. No.:

C-9065

 

 

Legal Form :

Private Limited

 

 

Line of Business :

Importer & Retailer of Alcoholic beverages & others

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

US$ 18,000.00

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

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)

Bangladesh

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

COMPANY DETAILS

 

Name

Sabir Traders Limited

Address

House No.25, Road No.10, Gulsahn-1, Gulshan Avenue, Dhaka-1212

Country

Bangladesh

Telephone No

880-2-8828263, 8828500

Fax No

880-2-8823464

E-Mail

stl@bdmail.net

Website

www.stldutyfree.com.bd

Established

1979

Company Registration No

C-9065

Registration date

6th June 1981

Legal Status

Private Limited

Issuing Authority

The Registrar of Joint Stock of Companies & Firms, Dhaka

Business Type

Importer & Retailer

Status

Satisfactory

Payment Behavior

No complaints have been heard regarding payments 

from local suppliers or banks.

 

 

LOCATIONS

 

Head Office

House No.25, Road No.10, Gulsahn-1, Gulshan Avenue, Dhaka-1212

Telephone No

880-2-8828263, 8828500

Fax No

880-2-8823464

E-Mail

stl@bdmail.net

Website

www.stldutyfree.com.bd

Branch 

NIL

Factory

NIL

Factory Telephone No

N/A

Factory Fax No

N/A

Warehouse

House No.25, Road No.10, Gulsahn-1, Gulshan Avenue, Dhaka-1212

 

 

 

DIRECTORS

 

Name

Mr. Ibrahim Sabir

Designation

Chairman & Managing Director

Nationality

Bangladeshi

 

 

Name

Mrs. Azmir Begum

Designation

Director

Nationality

Bangladeshi

 

 

Name

Mr. Shawkat Hossain

Designation

Director

Nationality

Bangladeshi

 

 

Name

Mr. Alok Das

Designation

Director

Nationality

Bangladeshi

 

 

SHAREHOLDERS

 

Name

Mr. Ibrahim Sabir

Share Percent

40%

Nationality

Bangladeshi

 

 

Name

Mrs. Azmir Begum

Share Percent

20%

Nationality

Bangladeshi

 

 

Name

Mr. Shawkat Hossain

Share Percent

20%

Nationality

Bangladeshi

 

 

Name

Mr. Alok Das

Share Percent

20%

Nationality

Bangladeshi

 

 

BUSINESS DETAILS

 

Line of Business

Importer & Retailer

Items Dealing In

Alcoholic beverages & others

Terms of Purchase

Import: Against L/C

Terms of Sale

Local: cash or Credit

 

 

BANKERS

 

Name

AB Bank Limited

Branch

Gulshan Branch

Address

Gulshan, Dhaka

SWIFT

N/A

 

 

Name

Standard Chartered bank

Branch

Karwan Bazaar Branch

Address

Karwan Bazaar Commercial Area, Dhaka

SWIFT

N/A

 

 

FINANCIAL INFORMATION

 

 

 

2009

 

2008

2007

 

Capital Investment

Tk.20 million

Tk.20 million

Tk.18.4 million

Turnover

Tk.123.5 million

Tk.123 million

Tk.121 million

Liability

Tk.4.2 million

Tk.4.7 million

Tk.5.1 million

Fixed Assets

Tk.17 million

Tk.17 million

Tk.15 million

 

 

 

CAPITAL STRUCTURE

 

Authorized Capital

Tk.1 million

Paid Up Capital

Tk.100,000.00

Each Share Value

Tk.100.00

 

 

EXCHANGE RATE

 

Currency

Unit

Bangladeshi Taka (BDT)

 

Great Britain Pound

1

120.1649

U.S Dollar

1

70.9200 

European Euro

1

106.7549

 

 

ADVERSE DATA MONITORING

 

Dishonored Checks

No Found

Debt

No Records Found

Litigation

No Records Found

Performance Defaults

No Records Found

Adverse Press Coverage

No Records Found

Money Laundering

No Records Found

 

 

MAXIMUM RECOMMENDED CREDIT   

 

Amount

Based On

US$ 18,000.00

90 Days

 

 

GENERAL INFORMATION

 

Employees

46

Office Area (Sq. Ft)

1,200 sq.ft (rented)

Factory Area (Sq. Ft)

N/A

Warehouse Area (Sq. Ft)

5,000 sq.ft. (rented)

Range of Products

4 Whisky

4 Gin

4 Vodka

4 Rum

4 Tequila

4 Brandy

4 Cognac

4 Liquor

4 Wine

4 Beer

4 Tobacco

4 Electrical Appliances

4 Canned Food Items

4 Electronic Household Appliances

4 Glass & Tableware

Imported From 

4 U.S.A

4 U.K

4 Russia

4 France

4 Australia

4 Thailand

4 Singapore

4 Poland

Major Clients

4 Diplomats

4 Foreigners

4 Local Consumers   

Certifications

NIL

Group Name

NIL

Subsidiaries / Affiliates

NIL

Member

4 Bangladesh Diplomatic Bonded Warehouse Association,

     Dhaka

4 Dhaka Chamber of Commerce & Industries, Dhaka

 

 

COMMENTS

 

The subject is a private limited company engaged in importing and retailing in duty free goods to diplomatic persons and UN officials stationed in Dhaka. They sell all types of consumer goods, electric household items and liquors. The qualities of their products are very good and they supply the best in the market. They are very well reputed among local diplomats.

 

The directors are experienced businessmen of good reputation who are reported to be financially solvent and fair in their trade terms.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.59

UK Pound

1

Rs.73.44

Euro

1

Rs.64.87

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.