MIRA INFORM REPORT
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Report Date : |
20.06.2011 |
IDENTIFICATION DETAILS
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Name : |
AZIZ FIBRES LIMITED |
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Registered Office : |
Aziz Bhaban, 93, (4th Floor), Motijheel, C/A, Dhaka -1000 |
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Country : |
Bangladesh |
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Date of Incorporation : |
28.02.1997 |
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Com. Reg. No.: |
C-28959 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturing, Exporting & Selling of jute yarns. |
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$ 30,000.00 |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Bangladesh |
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
COMPANY DETAILS
|
Name |
Aziz Fibres
Limited |
|
Address |
Taher Tower, Plot No.10 (9th Floor), Gulshan-2, Dhaka-1212 |
|
Country |
Bangladesh |
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Telephone No |
880-2-9562075, 9561242 |
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Fax No |
880-2-7162879 |
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E-Mail |
pioneer@citech.net |
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Website |
|
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Established |
1997 |
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Company
Registration No |
C-28959 |
|
Registration
date |
28th February 1997 |
|
Legal Status |
Private Limited |
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Issuing
Authority |
The Registrar of
Joint Stock Companies & Firms, Dhaka |
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Business Type |
Manufacturer, Exporter & Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
LOCATIONS
|
Head Office |
Aziz Bhaban, 93,
(4th Floor), Motijheel, C/A, Dhaka -1000 |
|
Telephone No |
880-2-9562075, 9561242 |
|
Fax No |
880-2-7162879 |
|
E-Mail |
pioneer@citech.net |
|
Website |
|
|
Branch |
Taher Tower, Plot No.10 (9th Floor), Gulshan-2, Dhaka-1212 |
|
Factory |
Faridpur, Bangladesh |
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Factory
Telephone No |
N/A |
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Factory Fax No |
N/A |
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Warehouse |
Faridpur, Bangladesh |
DIRECTORS
|
Name |
Mr. A.K.M. Shahidul Islam |
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Designation |
Chairman & Managing Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Mohammed Halim |
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Designation |
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr. A.K.M. Shahidul Islam |
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Share Percent |
70% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Mohammed Halim |
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Share Percent |
30% |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturer, Exporter & Seller |
|
Items Dealing In |
Jute Yarns |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
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Terms of Sale |
Local: Cash or Credit |
BANKERS
|
Name |
Sonali Bank Limited |
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Branch |
Motijheel Branch |
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Address |
Motijheel Commercial Area, Dhaka |
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SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2009 |
2008 |
2007 |
|
Investment |
Tk.22 million |
Tk.20 million |
Tk.20 million |
|
Turnover |
Tk.201 million |
Tk.199.6 million |
Tk.199 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.30 million |
Tk.28 million |
Tk.28 million |
CAPITAL STRUCTURE
|
Authorized Capital |
Tk.10 million |
|
Paid Up Capital |
Tk.250,000 |
|
Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
119.7250 |
|
U.S Dollar |
1 |
73.9500 |
|
European Euro |
1 |
104.8759 |
ADVERSE DATA MONITORING
|
Dishonored
Checks |
No Found |
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Debt |
No Records Found |
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Litigation |
No Records Found |
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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$ 30,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
340 |
|
Office Area (Sq.
Ft) |
2,000 Sq.ft (own) |
|
Factory Area
(Sq. Ft) |
37,000 sq.ft (rented) |
|
Warehouse Area
(Sq. Ft) |
7,500 Sq.ft (own) |
|
Range of
Products |
4 Jute Yarns
|
|
Export
Market |
4 North America |
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Certifications |
NIL |
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Group Name |
NIL |
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Subsidiaries /
Affiliates |
NIL |
|
Member |
4 Dhaka Chamber
of Commerce & Industry, Dhaka 4 Bangladesh Jute
Spinners Association, Dhaka |
COMMENTS
The subject is a private limited company engaged in
manufacturing, exporting & selling of jute yarns. The qualities of their
products are good.
The directors are experienced people in this
line of trade. They are reported to be financially healthy and strong in their
business commitments.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.93 |
|
UK Pound |
1 |
Rs.72.43 |
|
Euro |
1 |
Rs.63.62 |
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.