MIRA INFORM REPORT
|
Report Date : |
28.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
SHARIF JUTE TRADING |
|
|
|
|
Registered Office : |
Presses Industries Ltd., Premises D C Road, Daulatpur, Khulna |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Year of Establishment : |
1997 |
|
|
|
|
Legal Form : |
Proprietorship Concern |
|
|
|
|
Line of Business : |
Exporting of raw jute and jute products |
|
|
|
|
No. of Employees : |
100 |
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$ 25,000.00 |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
Usually Correct |
|
Litigation : |
----- |
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Bangladesh |
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
CONCERN DETAILS
|
Name |
Sharif Jute Trading |
|
Address |
Presses Industries
Ltd., Premises D C Road, Daulatpur, Khulna Note: The subject operates from
this address. |
|
Country |
Bangladesh |
|
Telephone No |
880-41-774153 |
|
Fax No |
880-41-774153 |
|
E-Mail |
|
|
Website |
NIL |
|
Established |
1997 |
|
Legal Status |
Proprietorship
Concern |
|
Business Type |
Exporter |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
LOCATIONS
|
Head Office |
Presses
Industries Ltd., Premises D C Road, Daulatpur, Khulna |
|
Telephone No |
Bangladesh |
|
Fax No |
880-41-774153 |
|
E-Mail |
880-41-774153 |
|
Website |
NIL |
|
Branch |
NIL |
|
Pressing Factory |
Nagarhat, Digolia, Khulna |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
Presses
Industries Ltd., Premises D C Road, Daulatpur, Khulna |
PROPRIETOR
|
Name |
Mr. Abdus Sobhan
Sharif |
|
Designation |
Proprietor |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Exporter |
|
Items Dealing In |
Raw Jute &
Jute Products |
|
Terms of Purchase |
Local: Cash or Credit |
|
Terms of Sale |
Export: Against L/C |
BANKERS
|
Name |
Sonali Bank
Limited |
|
Branch |
Daulatpur Branch |
|
Address |
Daulatpur, Khulna |
|
SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2010 |
2009 |
2008 |
|
Investment |
Tk.36 million |
Tk.35 million |
Tk.35 million |
|
Turnover |
Tk.246.2 million |
Tk.245.9million |
Tk.245.4million |
|
Liability |
Tk.6 million |
Tk.6.3 million |
Tk.7 million |
|
Assets |
Tk.42 million |
Tk.40 million |
Tk.40 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
N/A |
|
Paid Up Capital |
N/A |
|
Each Share Value |
N/A |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
116.3335 |
|
U.S Dollar |
1 |
75.0200 |
|
European Euro |
1 |
101.7946 |
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$ 25,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
100 |
|
Office Area (Sq.
Ft) |
1,250 sq.ft (own) |
|
Factory Area
(Sq. Ft) |
48,000 sq.ft (own) |
|
Warehouse Area
(Sq. Ft) |
3,750 sq.ft.(own) |
|
Range of
Products |
4 Raw Jute 4 Jute Yarn 4 Jute Twine 4 Jute Rope 4 Jute Bag 4 Jute Gunny Bag 4 Jute Sack 4 Jute Hessian
Cloth 4 Jute Hessian
Bag & CBC |
|
Export Market |
4 Malaysia 4 China 4 Nepal 4 India 4 Australia |
|
Certifications |
NIL |
|
Group Name |
NIL |
|
Subsidiaries /
Affiliates |
4 Shajib Eco
Fibres 4 Sathi Export
International Limited |
|
Member |
4 Bangladesh Jute Exporter
Association, Dhaka 4 Khulna Chamber of Commerce &
Industries, Khulna |
COMMENTS
The subject is a proprietorship concern engaged in exporting
of raw jute and jute products to overseas countries.
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.89 |
|
UK Pound |
1 |
Rs.82.71 |
|
Euro |
1 |
Rs.69.15 |
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.