MIRA
INFORM REPORT
|
Report Date : |
12.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
MAA BANIJJAYA BHANDAR |
|
|
|
|
Registered Office : |
24 Bhairab Strand Road, Boro Bazar, Khulna |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
1995 |
|
|
|
|
Legal Form : |
Proprietorship |
|
|
|
|
Line of Business : |
Importer and Seller of Consumer Products |
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$ 12,000.00 |
|
|
|
|
Status : |
Small Concern |
|
|
|
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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 |
Maa Banijjaya Bhandar |
|
Address |
24 Bhairab Strand Road,
Boro Bazar, Khulna |
|
Country |
Bangladesh |
|
Telephone No |
880-1711200857 |
|
Fax No |
880-2-7341761 |
|
E-Mail |
NIL |
|
Website |
NIL |
|
Established |
1995 |
|
Company 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 |
24 Bhairab Strand Road,
Boro Bazar, Khulna |
|
Telephone No |
880-1711200857 |
|
Fax No |
880-2-7341761 |
|
E-Mail |
NIL |
|
Website |
NIL |
|
Branch |
NIL |
|
Factory |
N/A |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
24 Bhairab Strand Road,
Boro Bazar, Khulna |
PROPRIETOR
|
Name |
Mr. Ranjit Dutta |
|
Designation |
Proprietor |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Importer & Seller |
|
Items Dealing In |
Consumer
Products |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
BANKERS
|
Name |
Bangladesh Krishi Bank |
|
Branch |
Khulna Corporate
Branch |
|
Address |
7 Sir Iqbal Road, Khulna |
|
SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2010 |
2009 |
2008 |
|
Investment |
Tk.7 million |
Tk.7 million |
Tk.5 million |
|
Turnover |
Tk.27 million |
Tk.26.2 million |
Tk.25 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) |
|
Great Britain Pound |
1 |
118.4520 |
|
U.S Dollar |
1 |
74.4700 |
|
European Euro |
1 |
104.5038 |
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$ 12,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
18 |
|
Office Area (Sq.
Ft) |
520 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
1,500 sq.ft (rented) |
|
Range of
Products |
4 Rice 4 Red
Flour 4 Pulse 4 Spices |
|
Imported
From |
4 India 4 China 4 Nepal 4
Indonesia 4 Myanmar |
|
Certifications |
NIL |
|
Group Name |
NIL |
|
Subsidiaries /
Affiliates |
NIL |
|
Member |
4 Khulna Chamber of Commerce & Industries, Khulna |
COMMENTS
The subject is a small proprietorship company engaged as importer
and seller of all types of consumer products such as rice, red flour, pulse
& spices.
The proprietor is conversant in their line of trade and he
is also experienced businessman.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.37 |
|
|
1 |
Rs.70.84 |
|
Euro |
1 |
Rs.62.96 |
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.