MIRA INFORM REPORT

Report Date :

21.06.2012

IDENTIFICATION DETAILS

Name :	M.A. WAHAB & SONS

Registered Office :	M.K. Press, Daulatpur, Khulna

Country :	Bangladesh

Date of Incorporation :	August 1982

Legal Form :	Proprietorship

Line of Business :	Exporter of Raw Jute & Jute Goods

No. of Employees :	45

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.A. Wahab & Sons
Address	M.K. Press, Daulatpur, Khulna
Country	Bangladesh
Telephone No	880-41-774380
Fax No	880-41-774011
E-Mail	salimreza57@yahoo.com
Website	NIL
Established	August 1982
Registration No	N/A
Registration Date	N/A
Legal Status	Proprietorship Company
Issuing Authority	N/A
Business Type	Exporter
Status	*Satisfactory*
Payment Behavior	No complaints have been heard regarding payments from local suppliers or banks.

LOCATIONS

Head Office	M.K. Press, Daulatpur, Khulna, Bangladesh
Telephone No	880-41-774380
Fax No	880-41-774011
E-Mail	salimreza57@yahoo.com
Website	NIL
Branch	Elite House (3^rd Floor), 54 Motijheel Commercial Area, Dhaka-1000 Tel No: 880-2-9552288, 9551515. Fax No: 880-2-9564617
Factory	N/A
Factory Telephone No	N/A
Factory Fax No	N/A
Warehouse	M.K. Press, Daulatpur, Khulna, Bangladesh

PROPRIETOR

Name	Mr. Salim Reza
Designation	Chairman
Nationality	Bangladeshi

BUSINESS DETAILS

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

BANKERS

Name	EXIM Bank Limited
Branch	Daulatpur Branch
Address	Daulatpur, Khulna
SWIFT	N/A

FINANCIAL INFORMATION

Year	2011	2010	2009
Investment	Tk.22 million	Tk.22 million	Tk.21 million
Turnover	Tk.274.6 million	Tk.274 million	Tk.272.3 million
Liability	Tk.3.5 million	Tk.4 million	Tk.5 million
Assets	Tk.28 million	Tk.28 million	Tk.25 million

CAPITAL STRUCTURE

Authorized Capital	N/A
Paid Up Capital	N/A
Each Share Value	N/A

CURRENCY EXCHANGE RATE

Currency	Unit	Bangladeshi Taka (BDT)
Great Britain Pound	1	127.2274
U.S Dollar	1	81.9500
European Euro	1	103.0521

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	45
Office Area (Sq. Ft)	1,000 sq.ft (rented)
Factory Area (Sq. Ft)	N/A
Warehouse Area (Sq. Ft)	12,500 sq.ft.(rented)
Range of Products	4 Raw Jute 4 Jute Goods
Export Market	4 Pakistan 4 Brazil 4 Indonesia 4 Vietnam 4 China 4 South Korea
Certifications	NIL
Group Name	NIL
Subsidiaries / Affiliates	4 M. A. Wahab & Sons (Real Estate) Limited 4 Nishorang Jute Mills Limited 4 Aduaha Cold Storage Limited
Member	4 Khulna Chamber of Commerce & Industries, Khuna 4 Bangladesh Jute Exporter Association, Dhaka

Information declined by

Name : Ms. Tania

Designation : Office Executive

Contact : 880-2-9551515

Date : 20.06.2012

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.55.86
UK Pound	1	Rs.87.93
Euro	1	Rs.70.88

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.