MIRA INFORM REPORT
|
Report Date : |
01.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
NIRMAN STEEL CORPORATION |
|
|
|
|
Registered Office : |
Haji Malek Steel Market, Imambari,
Keranigonj, Dhaka |
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|
|
|
Country : |
Bangladesh |
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|
|
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Year of Establishment : |
2002 |
|
|
|
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Com. Reg. No.: |
Not Available |
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|
|
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Legal Form : |
Proprietorship Concern |
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|
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Line of Business : |
Importer & Seller of steel scraps |
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$ 15,000.00 |
|
|
|
|
Status : |
Moderate |
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|
|
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Payment
Behaviour : |
No Complaints |
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|
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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 |
Nirman Steel Corporation |
|
Address |
Haji Malek Steel
Market, Imambari, Keranigonj, Dhaka |
|
Country |
Bangladesh |
|
Telephone No |
880-2-8951364 |
|
Fax No |
880-2-8873135 |
|
E-Mail |
|
|
Website |
NIL |
|
Established |
2002 |
|
Concern Registration No |
N/A |
|
Registration date |
N/A |
|
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 |
Haji Malek Steel
Market, Imambari, Keranigonj, Dhaka |
|
Telephone No |
880-2-8951364 |
|
Fax No |
880-2-8873135 |
|
E-Mail |
|
|
Website |
NIL |
|
Branch |
NIL |
|
Factory |
N/A |
|
Warehouse |
Haji Malek Steel
Market, Imambari, Keranigonj, Dhaka |
PROPRIETOR
|
Name |
Mr. Ali Hossain |
|
Designation |
Proprietor |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Importer
& Seller |
|
Items Dealing In |
Steel
Scraps |
|
Terms of Purchase |
Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
BANKERS
|
Name |
Jamuna Bank Ltd |
|
Branch |
Keranigonj Branch |
|
Address |
Keranigonj,
Dhaka |
|
SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2010 |
2009 |
2008 |
|
Investment |
Tk.12 million |
Tk.10 million |
Tk.10 million |
|
Turnover |
Tk.52 million |
Tk.50.4 million |
Tk.50 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.15 million |
Tk.14 million |
Tk.14 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 |
117.3669 |
|
U.S Dollar |
1 |
75.2400 |
|
European Euro |
1 |
102.0254 |
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$ 15,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
12 |
|
Office Area (Sq.
Ft) |
1,000 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
3,800 sq.ft 9rented) |
|
Range of
Products |
4 Steel
Scraps |
|
Imported
From |
4 China 4 Taiwan 4 India |
|
Certifications |
NIL |
|
Group Name |
NIL |
|
Subsidiaries /
Affiliates |
NIL |
|
Member |
4 Dhaka Chamber of Commerce &
Industries, Dhaka |
COMMENTS
The subject is a proprietorship concern who is engaged as importer & seller of steel scraps in local
market.
The proprietor is an experienced businessman of this line of
trade. He is also financially solvent and good at his business commitments, it
is reported.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.93 |
|
UK Pound |
1 |
Rs.76.52 |
|
Euro |
1 |
Rs.66.65 |
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.