MIRA INFORM REPORT

Report Date :

08.09.2011

IDENTIFICATION DETAILS

Name :	NORTHERN PADDY BY PRODUCTS

Registered Office :	Omer Dighi, Khorna, Bogra

Country :	Bangladesh

Year of Establishment :	2001

Com. Reg. No.:	Not Available

Legal Form :	Proprietorship Concern

Line of Business :	Importer & Seller of agro products such as rice, wheat, and spices etc

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	US$ 18,000.00
Status :	Satisfactory
Payment Behaviour :	Usually Correct
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 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Bangladesh

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

Bottom of Form

CONCERN DETAILS

Name	Northern Paddy By Products Note: The subject operates by this name.
Address	Omer Dighi, Khorna, Bogra
Country	Bangladesh
Telephone No	880-51-65585, 69529, 1713-729122
Fax No	880-51-65585
E-Mail	NIL
Website	NIL
Established	2001
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	Omer Dighi, Khorna, Bogra
Telephone No	880-51-65585, 69529, 1713-729122
Fax No	880-51-65585
E-Mail	NIL
Website	NIL
Branch	NIL
Factory	N/A
Warehouse	Omer Dighi, Khorna, Bogra

PROPRIETOR

Name	Mr. Mohammad Golam Nabi
Designation	Proprietor
Nationality	Bangladeshi

BUSINESS DETAILS

Line of Business	Importer & Seller
Items Dealing In	Agro Products
Terms of Purchase	Import: Against L/C
Terms of Sale	Local: Cash or Credit

BANKERS

Name	Sonali Bank Ltd
Branch	Bogra Branch
Address	Bogra, Dhaka
SWIFT	N/A

FINANCIAL INFORMATION

Year	2010	2009	2008
Investment	Tk.15 million	Tk.15 million	Tk.13 million
Turnover	Tk.70.6 million	Tk.70 million	Tk.68 million
Liability	NIL	NIL	NIL
Assets	Tk.19 million	Tk.19 million	Tk.17 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	118.5733
U.S Dollar	1	74.1500
European Euro	1	104.5589

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	12
Office Area (Sq. Ft)	1,050 sq.ft (rented)
Factory Area (Sq. Ft)	N/A
Warehouse Area (Sq. Ft)	3,100 sq.ft 9rented)
Range of Products	4 Rice 4 Wheat 4 Spices
Imported From	4 India 4 Bhutan 4 Nepal
Certifications	NIL
Group Name	NIL
Subsidiaries / Affiliates	NIL
Member	4 Bogra Chamber of Commerce & Industries, Bogra

COMMENTS

The subject is a proprietorship concern who is engaged as importer & seller of agro products such as rice, wheat, and spices etc 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.46.02
UK Pound	1	Rs.73.61
Euro	1	Rs.64.78

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%)

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