MIRA INFORM
REPORT
|
Report Date : |
28.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
Majumder Traders |
|
|
|
|
Registered Office : |
Kaubari Market, Station Bazar, Noapara, Jessore |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
September, 1990 |
|
|
|
|
Legal Form : |
Proprietorship Concern |
|
|
|
|
Line of Business : |
Importer
and Seller of Food Grains Consumer’s Goods and Fertilizers |
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 : |
USD 20000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
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 |
Majumder Traders |
|
Address |
Kaubari
Market, Station Bazar, Noapara,
Jessore |
|
Country |
|
|
Telephone No |
880-4222-71305 |
|
Fax No |
880-4222-71791 |
|
E-Mail |
|
|
Website |
NIL |
|
Established |
September, 1990 |
|
Concern Registration No |
N/A |
|
Registration date |
N/A |
|
Legal Status |
Proprietorship |
|
Business Type |
Importer, Seller
& Exporter |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
LOCATIONS
|
Head Office |
Kaubari Market, Station Bazar, Noapara, Jessore |
|
Telephone No |
880-4222-71305 |
|
Fax No |
880-4222-71791 |
|
E-Mail |
|
|
Website |
NIL |
|
Branch |
NIL |
|
Factory |
N/A |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
Kaubari Market, Station Bazar, Noapara, Jessore |
PROPRIETOR
|
Name |
Mr. Chittya
Majumder |
|
Designation |
Proprietor |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Importer, Seller
& Exporter |
|
Items Dealing In |
Various Items |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of |
Local: Cash or Credit Export: Against L/C |
BANKERS
|
Name |
National Bank
Limited |
|
Branch |
Sir Iqbal Road
Branch |
|
Address |
|
|
SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2009 |
2008 |
2007 |
|
Investment |
Tk.46 million |
Tk.45 million |
Tk.45 million |
|
Turnover |
Tk.380.9 million |
Tk.380 million |
Tk.377 million |
|
Liability |
Tk.11.3 million |
Tk.12 million |
Tk.13.5 million |
|
Assets |
Tk.72 million |
Tk.70 million |
Tk.70 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 |
113.7973 |
|
U.S Dollar |
1 |
71.1500 |
|
European Euro |
1 |
97.0771 |
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$ 20,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
20 |
|
Office Area (Sq.
Ft) |
650 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
3,500 sq.ft.(rented) |
|
|
IMPORT: 4 Food Grains 4 Consumers Goods 4 Fertilizers EXPORT: 4 Raw Jute |
|
Imported
From |
4 4 4 4 |
|
Export Market |
4 4 4 4 |
|
Certifications |
NIL |
|
Group Name |
NIL |
|
Subsidiaries /
Affiliates |
4 Majumder Enterprise 4 Majumder Enterprise Limited 4 Majumder & Brothers |
|
Member |
4 Jessore Chamber
of Commerce & Industries, Jessore |
COMMENTS
The subject is a proprietorship concern engaged as importer & seller of food grains consumer’s goods, fertilizers and sells it in the local market. Importing is subject’s main business but apart from that the concern is also engaged in exporting of raw jute to foreign countries.
The
proprietor is well 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.45.57 |
|
|
1 |
Rs.72.50 |
|
Euro |
1 |
Rs.62.46 |
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 Concern |
---- |
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.