MIRA INFORM REPORT

Report Date :

30.06.2011

IDENTIFICATION DETAILS

Name :	A. ALAM ENGINEERS AND CONSTRUCTION LIMITED

Registered Office :	Ambala Complex, Plot No.39, Road No.02, Dhanmondi, Dhaka

Country :	Bangladesh

Date of Incorporation :	18.10.2009

Com. Reg. No.:	C-83282

Legal Form :	Private Limited Company

Line of Business :	Construction Firm

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	US$ 25,000.00

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 – March 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Bangladesh

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Bottom of Form

COMPANY DETAILS

Name	A. Alam Engineers and Construction Limited
Address	Ambala Complex, Plot No.39, Road No.02, Dhanmondi, Dhaka
Country	Bangladesh
Telephone No	880-2-9131097
Fax No	880-2-9131213
E-Mail	a.alam@dhaka.net
Website	NIL
Established	2009
Company Registration No	C-83282
Registration date	18^th October 2009
Legal Status	Private Limited
Issuing Authority	The Registrar of joint Stock Companies & Firms, Dhaka
Business Type	Construction Firm
Status	Satisfactory
Payment Behavior	No complaints have been heard regarding payments from local suppliers or banks.

LOCATIONS

Head Office	Ambala Complex, Plot No.39, Road No.02, Dhanmondi, Dhaka
Telephone No	880-2-9131097
Fax No	880-2-9131213
E-Mail	a.alam@dhaka.net
Website	NIL
Branch	NIL
Factory	N/A
Factory Telephone No	N/A
Factory Fax No	N/A
Warehouse	Ambala Complex, Plot No.39, Road No.02, Dhanmondi, Dhaka

DIRECTORS

Name	Mr. A. Alam Chowdhury
Designation	Chairman & Managing Directors
Nationality	Bangladeshi

Name	Mr. S. Alam Chowdhury
Designation	Director
Nationality	Bangladeshi

SHAREHOLDERS

Name	Mr. A. Alam Chowdhury
Share Percent	Chairman & Managing Directors
Nationality	Bangladeshi

Name	Mr. S. Alam Chowdhury
Share Percent	Director
Nationality	Bangladeshi

BUSINESS DETAILS

Line of Business	Construction Firm
Items Dealing In	Building Construction
Terms of Purchase	Local: Cash or Credit Import: Against L/C
Terms of Sale	Local: Cash or credit

BANKERS

Name	Southeast Bank Limited
Branch	Dhanmondi Branch,
Address	Dhanmondi, Dhaka
SWIFT	N/A

FINANCIAL INFORMATION

Year	2010	2009	2007
Investment	Tk.20 million	Tk.20 million	N/A
Turnover	Tk.210 million	One year not completed	N/A
Liability	Tk.2 million	Tk.3.5 million	N/A
Assets	Tk.28 million	Tk.28 million	N/A

CAPITAL STRUCTURE

Authorized Capital	Tk.20 million
Paid Up Capital	Tk.250,000.00
Each Share Value	Tk.100.00

EXCHANGE RATE

Currency	Unit	Bangladeshi Taka (BDT)
Great Britain Pound	1	118.5869
U.S Dollar	1	74.1400
European Euro	1	106.5244

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$ 25,000.00	90 Days

GENERAL INFORMATION

Employees	100
Office Area (Sq. Ft)	2,100 sq.ft (own)
Factory Area (Sq. Ft)	N/A
Warehouse Area (Sq. Ft)	4,000 sq.ft.(own)
Range of Services	4 Building Construction
Major Clients	4 Government Department 4 Private Individual
Machineries From	4 EEC Countries 4 India 4 China
Certifications	NIL
Group Name	NIL
Subsidiaries / Affiliates	NIL
Member	4 Dhaka Chamber of Commerce & Industries, Dhaka

COMMENTS

The subject is a family owned private limited company that is engaged as construction firm.

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 reported.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.94
UK Pound	1	Rs.71.91
Euro	1	Rs.64.60

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.