MIRA INFORM
REPORT
|
Report Date : |
24.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
MAXOL INTERNATIONAL |
|
|
|
|
Registered Office : |
52/1 New |
|
|
|
|
Country : |
|
|
|
|
|
Year of Establishment : |
2004 |
|
|
|
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Com. Reg. No.: |
Not Available |
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|
|
|
Legal Form : |
Proprietorship Concern |
|
|
|
|
Line of Business : |
Importer & Seller of various items such as hardware, hardware
tools & machineries |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
US$ 15,000.00 |
|
Status : |
Moderate |
|
Payment
Behaviour : |
No Complaints |
|
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 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
CONCERN DETAILS
|
Name |
Maxol International |
|
Address |
52/1 New |
|
Country |
|
|
Telephone No |
880-2-8795462, 01717-361418 |
|
Fax No |
880-2-9879241 |
|
E-Mail |
|
|
Website |
NIL |
|
Established |
2004 |
|
Concern Registration No |
N/A |
|
Registration date |
N/A |
|
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 |
52/1 New |
|
Telephone No |
880-2-8795462, 01717-361418 |
|
Fax No |
880-2-9879241 |
|
E-Mail |
|
|
Website |
NIL |
|
Branch |
NIL |
|
Factory |
N/A |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
52/1 New |
PROPRIETOR
|
Name |
Mr. Sadat Hossain |
|
Designation |
Proprietor |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Importer & Seller |
|
Items Dealing In |
Various Items |
|
Terms of Purchase |
Import: Against L/C |
|
Terms of |
Local: Cash or Credit |
BANKERS
|
Name |
Dutch Bangla Bank Ltd |
|
Branch |
New Eskaton Branch |
|
Address |
New Eskaton, |
|
SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2009 |
2008 |
2007 |
|
Investment |
Tk.8.5 million |
Tk.8.5 million |
Tk.8 million |
|
Turnover |
Tk.55.9 million |
Tk.55.1 million |
Tk.54 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.12 million |
Tk.12 million |
Tk.10 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
N/A |
|
Paid Up Capital |
N/A |
|
Each Share Value |
N/A |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
|
1 |
113.7813 |
|
U.S Dollar |
1 |
71.1000 |
|
European Euro |
1 |
95.7930 |
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$ 15,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
14 |
|
Office Area (Sq.
Ft) |
1,000 sq,ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
2,200 sq.ft (rented) |
|
|
4 Hardware 4 Hardware Tools 4
Machineries |
|
Imported
From |
4 |
|
Certifications |
NIL |
|
Group Name |
NIL |
|
Subsidiaries /
Affiliates |
NIL |
|
Member |
4 Dhaka Chamber
of Commerce & Industries, |
COMMENTS
The subject is a proprietorship concern engaged as importer
& seller of various items such as hardware, hardware tools &
machineries in 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.45.70 |
|
|
1 |
Rs.72.78 |
|
Euro |
1 |
Rs.61.65 |
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 |
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.