MIRA INFORM REPORT
|
Report Date : |
10.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
JOYNAB STEEL |
|
|
|
|
Registered Office : |
238 West Madarbari, Chittagong-4100 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Year of Establishment : |
1992 |
|
|
|
|
Com. Reg. No.: |
Not Available |
|
|
|
|
Legal Form : |
Partnership Concern |
|
|
|
|
Line of Business : |
Exporter of Scrap Metals |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
US$ 20,000.00 |
|
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 |
Joynab Steel |
|
Address |
238 West
Madarbari, Chittagong-4100 |
|
Country |
Bangladesh |
|
Telephone No |
880-31-2514471,
727905 |
|
Fax No |
880-31-2514470 |
|
E-Mail |
|
|
Website |
NIL |
|
Established |
1992 |
|
Concern Registration No |
N/A |
|
Registration date |
N/A |
|
Legal Status |
Partnership
Concern |
|
Business Type |
Exporter |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
LOCATIONS
|
Head Office |
238 West
Madarbari, Chittagong-4100 |
|
Telephone No |
880-31-2514471,
727905 |
|
Fax No |
880-31-2514470 |
|
E-Mail |
|
|
Website |
NIL |
|
Branch |
NIL |
|
Factory |
N/A |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
238 West
Madarbari, Chittagong-4100 |
PARTNERS
|
Name |
Mr. Mohammad
Nasir |
|
Designation |
Managing Partner
|
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Mohammad
Nabi |
|
Designation |
Partner |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Exporter |
|
Items Dealing In |
Scrap Metals |
|
Terms of Purchase |
Local: Cash or Credit |
|
Terms of Sale |
Export: Against L/C |
BANKERS
|
Name |
United
Commercial Bank Limited |
|
Branch |
Agrabad Branch |
|
Address |
Agrabad Commercial Area, Chittagong |
|
SWIFT |
N/A |
|
|
|
|
Name |
Standard
Chartered Bank |
|
Branch |
Agrabad Branch |
|
Address |
Agrabad Commercial Area, Chittagong |
|
SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2010 |
2009 |
2008 |
|
Investment |
Tk.22 million |
Tk.22 million |
Tk.20 million |
|
Turnover |
Tk.276.4 million |
Tk.276 million |
Tk.275 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.32 million |
Tk.32 million |
Tk.30 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 |
121.6358 |
|
U.S Dollar |
1 |
76.3900 |
|
European Euro |
1 |
103.5237 |
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$ 20,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
20 |
|
Office Area (Sq.
Ft) |
1,100 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
3,500 sq.ft.(rented) |
|
Range of
Products |
4
Stainless Steel Scrap |
|
Export Market |
4 India 4 Dubai 4
Singapore 4 Uganda 4 China |
|
Certifications |
NIL |
|
Group Name |
NIL |
|
Subsidiaries /
Affiliates |
NIL |
|
Member |
4
Chittagong Chamber of Commerce & Industries, Chittagong |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.78 |
|
UK Pound |
1 |
Rs.80.11 |
|
Euro |
1 |
Rs.68.82 |
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.