MIRA INFORM REPORT
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Report Date : |
30.03.2011 |
IDENTIFICATION DETAILS
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Name : |
BIOSOURCE LIMITED |
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Registered Office : |
206/1, |
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Country : |
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Date of Incorporation : |
17.07.2007 |
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Com. Reg. No.: |
C-63840 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing & Distributing of diagnostic & medical products |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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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$ 18,000.00 |
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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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
COMPANY DETAILS
|
Name |
Biosource Limited |
|
Address |
206/1, |
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Country |
|
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Telephone No |
880-2-9015894 |
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Fax No |
880-2-8052733 |
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E-Mail |
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Website |
NIL |
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Established |
2007 |
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Company Registration No |
C-63840 |
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Registration date |
17th
July 2007 |
|
Legal Status |
Private Limited |
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Issuing Authority |
The Registrar of Joint Stock Companies & Firms, |
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Business Type |
Importer & Distributor |
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Status |
Satisfactory |
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Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
LOCATIONS
|
Head Office |
206/1, |
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Telephone No |
880-2-9015894 |
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Fax No |
880-2-8052733 |
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E-Mail |
|
|
Website |
NIL |
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Branch |
NIL |
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Factory |
N/A |
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Factory Telephone No |
NIL |
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Factory Fax No |
NIL |
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Warehouse |
206/1, |
DIRECTOR
|
Name |
Mr. Abdul Matin
Bhuiyan |
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Designation |
Chairman & Managing Director
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Nationality |
Bangladeshi |
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Name |
Mr. Abdul Wahab
Bhuiyan |
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Designation |
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr. Abdul Matin
Bhuiyan |
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Share Percent |
60% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Abdul Wahab
Bhuiyan |
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Share Percent |
40% |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Importer & Distributor |
|
Items Dealing In |
Diagnostic & Medical Products
|
|
Terms of Purchase |
Import: Against L/C |
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Terms of |
Local: Cash or Credit |
BANKERS
|
Name |
National Bank
Limited |
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Branch |
Mirpur Branch |
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Address |
Mirpur, |
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SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2009 |
2008 |
2007 |
|
Investment |
Tk.16 million |
Tk.15 million |
Tk.15 million |
|
Turnover |
Tk.151 million |
Tk.150.5 million |
Tk.150 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.22 million |
Tk.20 million |
Tk.20 million |
Note: The subject flatly refused to reveal any financial information, whatever shown it was collected unofficially.
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.10 million |
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Paid Up Capital |
Tk.100,000.00 |
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Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
|
1 |
116.6690 |
|
U.S Dollar |
1 |
72.7000 |
|
European Euro |
1 |
102.4125 |
ADVERSE DATA MONITORING
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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$ 18,000.00 |
90 Days |
GENERAL INFORMATION
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Employees |
20 |
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Office Area (Sq.
Ft) |
2,000 sq.ft (rented) |
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Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
5,000 sq.ft. (rented) |
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4 Diagnostic Reagent 4 Diagnostic Instruments 4 Medical Apparatus 4 Diagnostic Chemical |
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Major Foreign
Principal |
4 DRG
International Inc, |
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Certifications |
NIL |
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Group Name |
NIL |
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Subsidiaries /
Affiliates |
NIL |
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Member |
1 Dhaka Chamber of Commerce &
Industries, |
COMMENTS
The subject is a private limited company who is engaged in
importing & distributing of diagnostic & medical products in local
market. The subject is a Bangladesh Agent of DRG International Inc,
The directors are 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.44.67 |
|
|
1 |
Rs.71.63 |
|
Euro |
1 |
Rs.63.09 |
RATING EXPLANATIONS
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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.