|
Report Date : |
23.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
M.K. MOTORS |
|
|
|
|
Registered Office : |
8, City College Market, Narail Road, Jessore - 7400 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Year of Establishment : |
1981 |
|
|
|
|
Legal Form : |
Proprietorship Concern |
|
|
|
|
Line of Business : |
Importing & Selling of Vehicle Lubricants |
|
|
|
|
No. of Employees : |
12 Approximately |
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
US$ 10,000.00 |
|
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 September 30, 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 |
|
Name |
M.K. Motors |
|
Address |
8, City College
Market, Narail Road, Jessore - 7400 |
|
Country |
Bangladesh |
|
Telephone No |
880-421-66112 |
|
Fax No |
880-421-66112 |
|
E-Mail |
|
|
Website |
NIL |
|
Established |
1981 |
|
Company Registration No |
N/A |
|
Registration date |
N/A |
|
Legal Status |
Proprietorship
Concern |
|
Business Type |
Importer & Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
|
Head Office |
8, City College
Market, Narail Road, Jessore - 7400 |
|
Telephone No |
880-421-66112 |
|
Fax No |
880-421-66112 |
|
E-Mail |
|
|
Website |
NIL |
|
Branch |
NIL |
|
Factory |
N/A |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
8, City College
Market, Narail Road, Jessore - 7400 |
|
Name |
Mr. Pavitra
Kapadiya |
|
Designation |
Proprietor |
|
Line of Business |
Importing &
Selling |
|
Items Dealing In |
Vehicle
Lubricants |
|
Terms of Purchase |
Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
|
Name |
Jamuna Bank
Limited |
|
Branch |
Jessore Branch |
|
Address |
Jessore |
|
SWIFT |
N/A |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.13 million |
Tk.13 million |
Tk.12 million |
|
Turnover |
Tk.68.4 million |
Tk.68 million |
Tk.67 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.17 million |
Tk.17 million |
Tk.15 million |
|
Authorized Capital |
N/A |
|
Paid Up Capital |
N/A |
|
Each Share Value |
N/A |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
129.4616 |
|
U.S Dollar |
1 |
82.0000 |
|
European Euro |
1 |
108.5680 |
|
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 |
|
Amount |
Based On |
|
US$ 10,000.00 |
90 Days |
|
Employees |
12 Approximately |
|
Office Area (Sq.
Ft) |
1,100 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
2,200 sq.ft.(rented) |
|
Range of Products |
4 Synthetic Oil 4 Mineral
Oil |
|
Export
Market |
N/A |
|
Certifications |
NIL |
|
Group Name |
NIL |
|
Sister Concern |
Eagel Paribahan |
|
Member |
4 Jessore Chamber of Commerce & Industry, Jessore |
(GENERAL
INFORMATION)
Name : Mr. Biswarup
Designation : Finance Manager
Date : 23.02.2012
Contact :
0880-421-66112
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.24 |
|
|
1 |
Rs.76.75 |
|
Euro |
1 |
Rs.65.16 |
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 SCs 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.