MIRA INFORM REPORT

Report Date :

28.02.2012

IDENTIFICATION DETAILS

Name :	S.T. TRADING

Registered Office :	6 Islam Colony, Asadgonj, Chittagong

Country :	Bangladesh

Date of Incorporation :	August 2002

Legal Form :	Proprietorship

Line of Business :	Exporter of Scrap

No. of Employees :	10

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	US$ 7,000.00
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

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

COMPANY DETAILS

Name	S.T. Trading
Address	6 Islam Colony, Asadgonj, Chittagong
Country	Bangladesh
Telephone No	880-31-612673
Fax No	NIL
E-Mail	talhact@yahoo.com
Website	NIL
Established	August 2002
Company Registration No	N/A
Registration date	N/A
Legal Status	Proprietorship
Business Type	Exporter
Status	*Satisfactory*
Payment Behavior	No complaints have been heard regarding payments from local suppliers or banks.

LOCATIONS

Head Office	6 Islam Colony, Asadgonj, Chittagong
Telephone No	880-31-612673
Fax No	NIL
E-Mail	talhact@yahoo.com
Website	NIL
Branch	NIL
Factory	NIL
Warehouse	6 Islam Colony, Asadgonj, Chittagong

PROPRIETOR

Name	Mr. Mohammad Talha
Designation	Proprietor
Nationality	Bangladeshi

BUSINESS DETAILS

Line of Business	Exporter
Items Dealing In	Scrap
Terms of Purchase	Local: Cash or Credit
Terms of Sale	Export: Against L/C

BANKERS

Name	Prime Bank Ltd
Branch	Khatungonj Branch
Address	142, Chand Mia Lane, Khatungonj, Chittagong-4000
SWIFT	PRBLBDDH002

FINANCIAL INFORMATION

Year	2011	2010	2009
Investment	Tk.15.6 million	Tk.14 million	Tk.14 million
Turnover	Tk.80 million	Tk.78.3 million	Tk.77.8 million
Liability	NIL	NIL	NIL
Assets	Tk.20 million	Tk.18 million	Tk.18 million

The information provided is collected unofficially and as such its authenticity could not be guaranteed. As per Local Corporate & Tax law, Proprietorship Company is not bound to disclose its financial information.

CAPITAL STRUCTURE

Authorized Capital	N/A
Paid Up Capital	N/A

EXCHANGE RATE

Currency	Unit	Bangladeshi Taka (BDT)
Great Britain Pound	1	129.3994
U.S Dollar	1	81.8000
European Euro	1	109.5793

ADVERSE DATA MONITORING

Dishonored Checks	No Found
Debt	No Records Found
Litigation	No Records Found
Performance Defaults	No Records Found
Money Laundering	No Records Found

MAXIMUM RECOMMENDED CREDIT

Amount	Based On
US$ 7,000.00	90 Days

GENERAL INFORMATION

Employees	10
Office Area (Sq. Ft)	2,000 sq.ft (rented)
Factory Area (Sq. Ft)	N/A
Warehouse Area (Sq. Ft)	4,000 sq.ft (rented)
Range of Products	4 Steel Scraps
Export Market	4 India 4 Pakistan
Certifications	NIL
Group Name	NIL
Subsidiaries / Affiliates	NIL
Member	4 Chittagong Chamber of Commerce & Industries, Chittagong

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.05
UK Pound	1	Rs.77.78
Euro	1	Rs.65.89

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.