MIRA INFORM REPORT

Report Date :

13.07.2012

IDENTIFICATION DETAILS

Name :	M.M. INTERNATIONAL

Registered Office :	6,kanafully Garden City New Chaktai, Chittagong-4100

Country :	Bangladesh

Year of Establishment :	1998

Legal Form :	Proprietorship

Line of Business :	Manufacturer,& Exporter of Pure Washed Cow Bone Grist, Jute Kenaf

No. of Employees :	62

RATING & COMMENTS

MIRA’s Rating :

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

Status :	Satisfactory
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 31^st, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Bangladesh

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

COMPANY DETAILS

Name	M.M. International
Address	6,kanafully Garden City New Chaktai, Chittagong-4100
Country	Bangladesh
Telephone No	880-31-2523572, 1815-670340 (Mr. Murad), 8756131
Fax No	880-31-720627
E-Mail	info@m-mibd.com
Website	www.m-mibd.com
Established	1998
Legal Status	Proprietorship
Business Type	Manufacturer, Planter & Exporter
Status	*Satisfactory*
Payment Behavior	No complaints have been heard regarding payments from local suppliers or banks.

LOCATIONS

Head Office	69, Daar -E- Shahidi Building Agrabad C/A, Chittagong
Telephone No	880-2-8756131
Fax No	880-31-2523572, 1815-670340
E-Mail	880-31-720627
Website	info@m-mibd.com
Operating Address / Factory	6,kanafully Garden City New Chaktai, Chittagong-4100
Factory Tel No	NIL
Factory Fax No	NIL

PROPRIETOR

Name	Mr. A.H.M Murad
Designation	Proprietor
Nationality	Bangladeshi

BUSINESS DETAILS

Line of Business	Manufacturer,& Exporter
Items Dealing In	Pure Washed Cow Bone Grist, Jute Kenaf
Terms of Purchase	Local: Cash or Credit Import: Against L/C
Terms of Sale	Export: Against L/C

BANKERS

Name	First Security Islami Bank Limited
Branch	Khatunganj Branch
Address	Khatunganj, Chittagong
SWIFT	N/A

Name	Janata Bank
Branch	Chittagong Branch

FINANCIAL INFORMATION

Year	2011	2010	2009
Investment	Tk.20 million	Tk.18 million	Tk.18 million
Turnover	Tk.168 million	Tk.165.7 million	Tk.165 million
Liability	Tk.3 million	Tk.4.4 million	Tk.5 million
Assets	Tk.28 million	Tk.26 million	Tk.26 million

CAPITAL STRUCTURE

Authorized Capital	NIL
Paid Up Capital	NIL
Each Share Value	NIL

Information parted by

(General Details)

Name	Mr. Murad
Designation	Proprietor
Contact	880-1815-670340
Date	10.07.2012

CURRENCY EXCHANGE RATE

Currency	Unit	Bangladeshi Taka (BDT)
Great Britain Pound	1	127.0918
U.S Dollar	1	81.8100
European Euro	1	100.8063

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

GENERAL INFORMATION

Employees	62
Range of Products	4 Pure Washed Cow Bone Grist 4 Jute Kenaf
Export	4 India 4 China 4 Pakistan
Customers	Wholesaler, Retailers, End Users
Certifications	NIL
Group Name	NIL
Subsidiaries / Affiliates	4 M.M. Trading 4 Shah Hamedia Corporation
Member	4 Chittagong Chamber of Commerce & Industries, Chittagong

BUSINESS TREND & PROSPECT

Business Scale	Medium
Business Trend	Growing
Management Capability	Good
Reputation	Good

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.70
UK Pound	1	Rs.86.28
Euro	1	Rs.68.15

INFORMATION DETAILS

Report Prepared by :

PRL

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.