MIRA INFORM REPORT
|
Report Date : |
03.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
PHULHAR JUTE MILLS |
|
|
|
|
Registered Office : |
Meherba Plaza (2nd Floor), 33
Topkhana Road, Dhaka-1000 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
October 2010 |
|
|
|
|
Legal Form : |
Proprietorship Concern |
|
|
|
|
Line of Business : |
Manufacturing & Exporting of jute yarns |
RATING & COMMENTS
|
MIRA’s Rating : |
Nb |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
---- |
NB |
New Business |
---- |
|
Maximum Credit Limit : |
US$ 18,000.00 |
|
Status : |
New Company |
|
Payment
Behaviour : |
Unknown |
|
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) |
|
Bangladesh |
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 |
Phulhar Jute
Mills |
|
Address |
Meherba Plaza (2nd Floor), 33 Topkhana Road, Dhaka-1000 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-9570346 -8 |
|
Fax No |
880-2-9570347 |
|
E-Mail |
|
|
Website |
|
|
Established |
October
2010 |
|
Legal Status |
Proprietorship
Concern |
|
Business Type |
Manufacturer & Exporter |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
LOCATIONS
|
Head Office |
Meherba Plaza (2nd Floor), 33 Topkhana Road, Dhaka-1000 |
|
Telephone No |
880-2-9570346 -8 |
|
Fax No |
880-2-9570347 |
|
E-Mail |
|
|
Website |
|
|
Branch |
NIL |
|
Factory |
West Monipur,
Patikara, Kabila, Comilla, Bangladesh |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
West Monipur,
Patikara, Kabila, Comilla, Bangladesh |
PROPRIETOR
|
Name |
Mr. Matiur
Rahman |
|
Designation |
Proprietor |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturer & Exporter |
|
Items Dealing In |
Jute Yarns |
|
Terms of Purchase |
Local: Cash or Credit |
|
Terms of Sale |
Export: Against L/C |
BANKERS
|
Name |
Janata Bank
Limited |
|
Branch |
Topkhana Road Branch |
|
Address |
Topkhana Road, Dhaka-1000 |
|
SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2010 |
2009 |
2008 |
|
Investment |
Tk.16 million |
N/A |
N/A |
|
Turnover |
One Year Not Completed Yet |
N/A |
N/A |
|
Liability |
Tk.5 million |
N/A |
N/A |
|
Assets |
Tk.20 million |
N/A |
N/A |
CAPITAL STRUCTURE
|
Authorized
Capital |
N/A |
|
Paid Up Capital |
N/A |
|
Each Share Value |
N/A |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
121.9423 |
|
U.S Dollar |
1 |
72.9800 |
|
European Euro |
1 |
108.0688 |
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$ 18,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
252 |
|
Office Area (Sq.
Ft) |
1,500 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
42,000 sq.ft (rented) |
|
Warehouse Area
(Sq. Ft) |
6,000 sq.ft.(rented) |
|
Range of
Products |
4 Jute Yarns |
|
Export
Market |
4 China |
|
Certifications |
NIL |
|
Group Name |
NIL |
|
Subsidiaries /
Affiliates |
4 Phulhar &
Concern Limited 4 Phulhar
Footwear Limited 4 Phulhar Systems |
|
Member |
4 Dhaka Chamber of Commerce &
Industries, Dhaka |
COMMENTS
The subject is a proprietorship concern engaged in
manufacturing & exporting of jute yarns to overseas countries.
The proprietor is well conversant in his 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.44.33 |
|
UK Pound |
1 |
Rs.73.89 |
|
Euro |
1 |
Rs.65.57 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.