MIRA INFORM REPORT
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Report Date : |
14.06.2011 |
IDENTIFICATION DETAILS
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Name : |
MEDIONICS IMAGING LIMITED |
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Registered Office : |
Road No. 3, House No. 32/1, Dhanmondi, Dhaka-1205
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Country : |
Bangladesh |
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Date of Incorporation : |
18.01. 2003 |
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Com. Reg. No.: |
C-48290 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
importing and Distributing of medical equipments
& digital imager, printer |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
US$ 25,000.00 |
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Status : |
Moderate |
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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 – 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 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
COMPANY DETAILS
|
Name |
Medionics
Imaging Limited |
|
Address |
Flat-D-1, House No.43/A, Road No.5, Dhanmondi R/A, Dhaka-1205 |
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Country |
Bangladesh |
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Telephone No |
880-2-9672610, 9674992, 9676146 |
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Fax No |
880-2-9672377. |
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E-Mail |
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Website |
www.medionicsbd.com |
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Established |
2003 |
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Company Registration No |
C-48290 |
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Registration date |
18th
January 2003 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of Joint Stock Companies & Firms, Dhaka |
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Business Type |
Importer & Distributor |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
LOCATIONS
DIRECTORS
|
Name |
Mr. Kazi Wahidul
Haque |
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Designation |
Chairman & Managing Director |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Kazi
Sazzadul Hauqe |
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Designation |
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr. Kazi Wahidul
Haque |
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Share Percent |
60% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Kazi
Sazzadul Hauqe |
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Share Percent |
40% |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Importer & Distributor |
|
Items Dealing In |
Medical Equipments & Digital Imager |
|
Terms of Purchase |
Local: Cash or Credit |
|
Terms of Sale |
Local: Cash or Credit |
BANKERS
|
Name |
Dhaka Bank Ltd |
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Branch |
Dhanmondi Branch |
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Address |
Dhanmondi, Dhaka |
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SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2009 |
2008 |
2007 |
|
Investment |
Tk.20 million |
Tk.20 million |
Tk.18 million |
|
Turnover |
Tk.122.5 million |
Tk.122 million |
Tk.121 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.25 million |
Tk.25 million |
Tk.22 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.20 million |
|
Paid Up Capital |
Tk.200,000.00 |
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Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
119.9101 |
|
U.S Dollar |
1 |
73.9000 |
|
European Euro |
1 |
106.0539 |
ADVERSE DATA MONITORING
|
Dishonored
Checks |
No Found |
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Debt |
No Records Found |
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Litigation |
No Records Found |
|
Performance
Defaults |
No Records Found |
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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 |
65 |
|
Office Area (Sq.
Ft) |
2,300 sq.ft (rented) |
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Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
6,500 sq.ft.(rented) |
|
Range of
Products |
4 Permanent Magnet MRI
and Superconductive MRI 4 Multi
Slice and Cardiac CT Scanner 4 Digital
Radiography System with Flat Panel
Detector (FPD) 4 Digital
Radiography System with Image Intensifier 4 General
Radiography System 4 CR
System 4 Digital
Imager/Printer 4 Medical
Imaging Dry DayLight Film 4 Digital Ultrasound 4 Color
Doppler 4 Digital Mammography 4 Bone
Mineral Density (BMD) |
|
Major Foreign
Principals |
4 HITACHI Medical Corporation,
Japan. 4 AGFA HealthCare, Germany. 4 HOLOGIC Woman's Health, USA. |
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Certifications |
NIL |
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Group Name |
NIL |
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Subsidiaries /
Affiliates |
4 Meditel Private Limited |
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Member |
4 Dhaka Chamber of Commerce &
Industries, Dhaka |
COMMENTS
The subject is a private limited company who is engaged in
importing and distributing of medical equipments & digital imager, printer.
The subject is a sole distributor of HITACHI,
AGFA and HOLOGIC equipment in Bangladesh.
The directors are well conversant in their line of trade and
they are also experienced businessman. They are financially solvent and good at
their business commitments, it is reported.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.87 |
|
UK Pound |
1 |
Rs.72.83 |
|
Euro |
1 |
Rs.64.37 |
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 |
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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.