MIRA INFORM REPORT

Report Date :

03.05.2011

IDENTIFICATION DETAILS

Name :	RAMISHA ENTERPRISE

Registered Office :	45 Dilkusha C/A (3^rd Floor), Room No.4003, Dhaka-1000

Country :	Bangladesh

Year of Establishment :	2004

Legal Form :	Proprietorship Concern

Line of Business :	Garments Knitwear Label Painted

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$ 18,000.00

Status :	Small Concern

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 – December 31, 2010

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

Bangladesh

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

CONCERN DETAILS

Name	Ramisha Enterprise
Address	45 Dilkusha C/A (3^rd Floor), Room No.4003, Dhaka-1000
Country	Bangladesh
Telephone No	880-2-9572080
Fax No	880-2-9571630
E-Mail	ramisha@ailonline.net
Website	NIL
Established	2004
Legal Status	Proprietorship Concern
Business Type	Label Painting
Status	Satisfactory
Payment Behavior	No complaints have been heard regarding payments from local suppliers or banks.

LOCATIONS

Head Office	45 Dilkusha C/A (3^rd Floor), Room No.4003, Dhaka-1000
Telephone No	880-2-9572080
Fax No	880-2-9571630
E-Mail	ramisha@ailonline.net
Website	NIL
Branch	NIL
Factory	N/A
Factory Telephone No	N/A
Factory Fax No	N/A
Warehouse	45 Dilkusha C/A (3^rd Floor), Room No.4003, Dhaka-1000

PROPRIETOR

Name	Mr. Mohammad Nazrul Islam
Designation	Proprietor
Nationality	Bangladeshi

BUSINESS DETAILS

Line of Business	Label Painting
Items Dealing In	Garments Knitwear
Terms of Purchase	Local: Cash or Credit
Terms of Sale	Export: Against L/C

BANKERS

Name	Mercantile Bank Limited
Branch	Dilksuha Branch
Address	Dilkusha C/A, Dhaka-1000
SWIFT	N/A

FINANCIAL INFORMATION

Year	2009	2008	2007
Investment	Tk.10 million	Tk.08 million	Tk.08 million
Turnover	Tk.47 million	Tk.45.6 million	Tk.45 million
Liability	NIL	NIL	NIL
Assets	Tk.17 million	Tk.15 million	Tk.15 million

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	10
Office Area (Sq. Ft)	1,200 sq.ft (rented)
Factory Area (Sq. Ft)	N/A
Warehouse Area (Sq. Ft)	5,000 sq.ft.(rented)
Range of Services	4 Garments Knitwear Label Painted
Major Clients	4 Local 100% Export Oriented Garments Industries
Certifications	NIL
Group Name	NIL
Subsidiaries / Affiliates	NIL
Member	4 Dhaka Chamber of Commerce & Industries, Dhaka

COMMENTS

The subject is a proprietorship concern engaged in garments knitwear label painted.

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%)

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.