MIRA INFORM
REPORT
|
Report Date : |
03.01.2011 |
IDENTIFICATION DETAILS
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Name : |
MAHIN |
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Registered Office : |
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Country : |
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Year of Establishment : |
2003 |
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Com. Reg. No.: |
Not Available |
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Legal Form : |
Proprietorship Concern |
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Line of Business : |
Subject is engaged in Importing & Exporting Business |
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 |
|
Maximum Credit Limit : |
US$ 10,000.00 |
|
Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
CONCERN DETAILS
|
Name |
Mahin Enterprise |
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Address |
|
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Country |
|
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Telephone No |
880-2- 9144000 |
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Fax No |
880-2- 8151279 |
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E-Mail |
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Website |
NIL |
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Established |
2003 |
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Concern Registration No |
N/A |
|
Registration date |
N/A |
|
Legal Status |
Proprietorship Concern |
|
Business Type |
Importer & Exporter |
|
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- 9144000 |
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Fax No |
880-2- 8151279 |
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E-Mail |
|
|
Website |
NIL |
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Branch |
NIL |
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Factory |
NIL |
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Factory Telephone No |
NIL |
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Factory Fax No |
NIL |
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Warehouse |
NIL |
PROPRIETOR
|
Name |
Mr. Mamunur Rashid |
|
Designation |
Proprietor |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Importer & Exporter |
|
Items Dealing In |
Various |
|
Terms of Purchase |
Import: Against L/C Local: Cash or Credit |
|
Terms of |
Export: Against L/C Local: Cash or Credit |
BANKERS
|
Name |
Bank Asia Ltd |
|
Branch |
Motijheel Branch |
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Address |
Motijheel Commercial Area, |
|
SWIFT |
N/A |
|
|
|
|
Name |
Brac Bank Ltd |
|
Branch |
Elephant Road Branch |
|
Address |
Elephant Road, |
|
SWIFT |
N/A |
FINANCIAL INFORMATION
The subject has refused to reveal any financial information. A Proprietorship Concern is not bound to disclose its financial information as per Local Corporate & tax Laws.
CAPITAL STRUCTURE
|
Authorized
Capital |
N/A |
|
Paid Up Capital |
N/A |
|
Each Share Value |
N/A |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
|
1 |
110.7104 |
|
U.S Dollar |
1 |
70.9500 |
|
European Euro |
1 |
94.9453 |
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$ 10,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
10 |
|
Office Area (Sq.
Ft) |
1,200 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
N/A |
|
|
IMPORT 4 Elastics nylon
Offcuts 4 Mixed Nylon
Monofilaments 4 Nylon Thread
Waste 4 Nylon Taffetta
Clippings 4 Cotton Waste 4 Cotton Wipers 4 Hoseiary Wipers 4 Cotton Clippings 4 Cotton
Rags EXPORT 4 Pet Flakes 4 Waste Nylon
Monofilaments 4 Waste Nylon
Offcut 4 Waste Polyester 4 Tube 4 Cotton Rags 4 Cotton Wipers 4 Denim Clippings 4 Cotton Waste 4 Polystar
Offcuts 4 Cotton
Clippings |
|
Imported
From |
4 4 |
|
Export Market |
4 4 4 4 4 4 4 |
|
Certifications |
NIL |
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Group Name |
NIL |
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Subsidiaries /
Affiliates |
NIL |
|
Member |
4 Metropolitan
Chamber of Commerce & Industries, |
COMMENTS
The subject is a proprietorship concern engaged in importing
& exporting business. The concern’s export products include Waste Nylon,
Nylon Waste Fabric Clippings, Waste Cotton Clippings, Cotton Wipers, Tube,
Stock Lot and Garments Items. The concern also imports Waste Nylon, Nylon Waste
Fabric Clippings, Waste Cotton Clippings, Cotton Wipers, Tube, Stock Lot and
Garments Items etc.
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.44.81 |
|
|
1 |
Rs.59.81 |
|
Euro |
1 |
Rs.69.29 |
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 |
|
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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.