MIRA
INFORM REPORT
|
Report Date : |
05.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
ROLEX IMPORT & EXPORT CORPORATION |
|
|
|
|
Registered Office : |
8/2 Wiseghat Road, Dhaka-1100 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Year of Establishment : |
2001 |
|
|
|
|
Legal Form : |
Proprietorship |
|
|
|
|
Line of Business : |
Importer & Seller of Various Products |
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 – 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 |
COMPANY DETAILS
|
Name |
Rolex Import
& Export Corporation |
|
Address |
8/2 Wiseghat
Road, Dhaka-1100 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-7392574,
1712540388 |
|
Fax No |
880-2-7392561 |
|
E-Mail |
rolex@dhaka.net |
|
Website |
NIL |
|
Established |
2001 |
|
Company 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 |
8/2 Wiseghat
Road, Dhaka-1100 |
|
Telephone No |
880-2-7392574,
1712540388 |
|
Fax No |
880-2-7392561 |
|
E-Mail |
rolex@dhaka.net |
|
Website |
NIL |
|
Branch |
NIL |
|
Factory |
N/A |
|
Warehouse |
8/2 Wiseghat
Road, Dhaka-1100 |
PROPRIETOR
|
Name |
Mr. Shamshul Haque |
|
Designation |
Proprietor |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Importer &
Seller |
|
Items Dealing In |
Various
Products |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit Export: Against L/C |
BANKERS
|
Name |
Islami Bank Bangladesh
Limited |
|
Branch |
Wiseghat Road Branch |
|
Address |
Wiseghat,
Dhaka |
|
SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2010 |
2009 |
2008 |
|
Investment |
Tk.12 million |
Tk.12 million |
Tk.10 million |
|
Turnover |
Tk.149.6 million |
Tk.149 million |
Tk.147.6 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.21 million |
Tk.21 million |
Tk.20 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 |
116.9098 |
|
U.S Dollar |
1 |
75.4500 |
|
European Euro |
1 |
100.8465 |
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 |
22 |
|
Office Area (Sq.
Ft) |
1,000 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
2,800 sq.ft 9rented) |
|
Range of
Products |
4 Lead Ore 4 Iron Ore 4 HMS 1+ 2 4 Steel Scrap 4 Used Copper 4 Old Battery 4 Used Rail 4 Apples 4 Orange 4 Grapes 4 Garlic 4 Ginger 4 Chili 4 Lentils 4 Cinnamon 4 Edible Oil |
|
Imported
From |
4 China 4 Taiwan 4 India 4 Australia 4 Indonesia |
|
Certifications |
NIL |
|
Group Name |
NIL |
|
Subsidiaries /
Affiliates |
4 Rolex Battery Company
|
|
Member |
4 Dhaka Chamber of Commerce &
Industries, Dhaka |
COMMENTS
The subject is a proprietorship company who is engaged as
importer & seller of various types of products 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.49.22 |
|
|
1 |
Rs.76.07 |
|
Euro |
1 |
Rs.65.06 |
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.