MIRA INFORM REPORT
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Report Date : |
15.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
RUMMAN TRADERS |
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Registered Office : |
Station Bazar, Noapara, Jessore- 2202 |
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Country : |
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Year of Establishment : |
2000 |
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Legal Form : |
Proprietorship Concern |
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Line of Business : |
Importer & Seller of Fertilizer |
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$ 10,000.00 |
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Status : |
Small Concern |
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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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
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 |
Rumman Traders |
|
Address |
Station Bazar, Noapara, Jessore- 2202 |
|
Country |
|
|
Telephone No |
880-4222-71285 |
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Fax No |
NIL |
|
E-Mail |
NIL |
|
Website |
NIL |
|
Established |
2000 |
|
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 |
Station Bazar,
Noapara, Jessore- 2202 |
|
Telephone No |
880-4222-71285 |
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Fax No |
NIL |
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E-Mail |
NIL |
|
Website |
NIL |
|
Branch |
NIL |
|
Factory |
N/A |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
Station Bazar,
Noapara, Jessore- 2202 |
PROPRIETOR
|
Name |
Mr. Mohammad
Rumman Hossain |
|
Designation |
Proprietor |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Importer & Seller |
|
Items Dealing In |
Fertilizer |
|
Terms of Purchase |
Import: Against L/C |
|
Terms of |
Local: Cash or Credit |
BANKERS
|
Name |
Prime Bank
Limited |
|
Branch |
Noapara Branch |
|
Address |
Noapara, Jessore
|
|
SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2009 |
2008 |
2007 |
|
Investment |
Tk.7 million |
Tk.6 million |
Tk.6 million |
|
Turnover |
Tk.89 million |
Tk.88.4 million |
Tk.88 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.12 million |
Tk.10 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) |
|
|
1 |
115.3544 |
|
U.S Dollar |
1 |
71.7200 |
|
European Euro |
1 |
99.7625 |
ADVERSE DATA MONITORING
|
Dishonored Checks |
No Found |
|
Debt |
No Records Found |
|
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$ 10,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
07 |
|
Office Area (Sq.
Ft) |
650 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
1,200 sq.ft.(rented) |
|
|
4 Fertilizers
|
|
Imported
From |
4 |
|
Certifications |
NIL |
|
Group Name |
NIL |
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Subsidiaries /
Affiliates |
NIL |
|
Member |
4 4 Jessore Chamber
of Commerce & Industries, Jessore |
COMMENTS
The subject is a proprietorship concern engaged as importer
& seller of all types of fertilizers in local market.
The proprietor is conversant in their 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.45.15 |
|
|
1 |
Rs.72.59 |
|
Euro |
1 |
Rs.62.95 |
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 |
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.