MIRA
INFORM REPORT
|
Report Date : |
26.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
GOLDEN JUTE SUPPLY |
|
|
|
|
Registered Office : |
Daulatpur, Khulna |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Year of Establishment : |
2000 |
|
|
|
|
Legal Form : |
Proprietorship
Company |
|
|
|
|
Line of Business : |
Exporter of Raw Jute
|
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 : |
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 – 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 |
Golden Jute
Supply |
|
Address |
Daulatpur,
Khulna |
|
Country |
Bangladesh |
|
Telephone No |
880-41-774742 |
|
Fax No |
880-41-774741 |
|
E-Mail |
NIL |
|
Website |
NIL |
|
Established |
2000 |
|
Company Registration No |
N/A |
|
Registration date |
N/A |
|
Legal Status |
Proprietorship Company |
|
Business Type |
Exporter |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local suppliers or banks. |
LOCATIONS
|
Head Office |
Daulatpur,
Khulna, Bangladesh |
|
Telephone No |
880-41-774742 |
|
Fax No |
880-41-774741 |
|
E-Mail |
NIL |
|
Website |
NIL |
|
Branch |
NIL |
|
Factory |
N/A |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
Daulatpur, Khulna, Bangladesh |
PROPRIETOR
|
Name |
Mr. Aminul
Islam |
|
Designation |
Proprietor |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Exporter |
|
Items Dealing In |
Raw Jute |
|
Terms of Purchase |
Local: Cash or Credit |
|
Terms of Sale |
Export: Against L/C |
BANKERS
|
Name |
Sonali Bank
Limited |
|
Branch |
Khulna Branch |
|
Address |
Khulna |
|
SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2009 |
2008 |
2007 |
|
Investment |
Tk.9 million |
Tk.8 million |
Tk.8 million |
|
Turnover |
Tk.73 million |
Tk.72.6 million |
Tk.72 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.12 million |
Tk.10 million |
Tk.10 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 |
116.3335 |
|
U.S Dollar |
1 |
75.0200 |
|
European Euro |
1 |
101.7946 |
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) |
800 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
2,600 sq.ft.(rented) |
|
Range of
Products |
4 Raw Jute |
|
Export Market |
4 Russia 4 Turkey 4 India 4 Pakistan 4 Uzbekistan |
|
Certifications |
NIL |
|
Group Name |
NIL |
|
Subsidiaries /
Affiliates |
NIL |
|
Member |
4 Khulna Chamber of Commerce &
Industries, Khuna 4 Bangladesh Jute Exporter
Association, Dhaka |
COMMENTS
The subject is a proprietorship company engaged in exporting
of raw jute to overseas countries.
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.49.67 |
|
|
1 |
Rs.76.50 |
|
Euro |
1 |
Rs.66.98 |
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.