|
Report Date : |
09.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
ISLAM BROTHERS AND CO |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Year of Establishment : |
1975 |
|
|
|
|
Legal Form : |
Proprietorship Concern |
|
|
|
|
Line of Business : |
Importing & Selling of Food Grains & Fertilizer |
|
|
|
|
No. of Employees : |
72 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Bangladesh |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
BANGLADESH - ECONOMIC OVERVIEW
The economy has grown 5-6% per year since 1996
despite political instability, poor infrastructure, corruption, insufficient power
supplies, and slow implementation of economic reforms. Bangladesh remains a
poor, overpopulated, and inefficiently-governed nation. Although more than half
of GDP is generated through the service sector, 45% of Bangladeshis are
employed in the agriculture sector with rice as the single-most-important
product. Bangladesh's growth was resilient during the 2008-09 global financial
crisis and recession. Garment exports, totaling $12.3 billion in FY09 and
remittances from overseas Bangladeshis, totaling $11 billion in FY10, accounted
for almost 12% of GDP
|
Source
: CIA |
|
Name |
Islam Brothers and Co |
|
Address |
115-116,
Ranibazar, Ghoramara, Rajshahi |
|
Country |
Bangladesh |
|
Telephone No |
880-2-7911691-3,
8962297 |
|
Fax No |
880-2-8921489 |
|
E-Mail |
|
|
Website |
|
|
Established |
1975 |
|
Legal Status |
Proprietorship |
|
Business Type |
Importer & Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
|
Head Office |
2 Ishakha
Avenue, Sector- 6, Uttara, Dhaka-1230 |
|
Telephone No |
880-2-7911691-3,
8962297 |
|
Fax No |
880-2-8921489 |
|
E-Mail |
|
|
Website |
|
|
Operating Address |
115-116, Ranibazar, Ghoramara, Rajshahi |
|
Factory |
N/A |
|
Factory Tel No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
4 Chittagong 4 Narayanganj 4 Jessore |
|
Name |
Mr. Rafiqul
Islam |
|
Designation |
Proprietor |
|
Nationality |
Bangladeshi |
|
Line of Business |
Importing &
Selling |
|
Items Dealing In |
Food Grains & Fertilizer |
|
Terms of Purchase |
Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
|
Name |
AB Bank Limited |
|
Branch |
Kakrail Branch |
|
Address |
Kakrail, Dhaka |
|
SWIFT |
N/A |
|
|
|
|
Name |
Bank Asia
Limited |
|
Branch |
Uttara Branch |
|
Address |
Uttara, Dhaka |
|
SWIFT |
N/A |
|
|
|
|
Name |
Shahjalal Islami
Bank Limited |
|
Branch |
Dhaka Main
Branch |
|
Address |
Motijheel C/A,
Dhaka |
|
SWIFT |
N/A |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.23 million |
Tk.23 million |
Tk.22 million |
|
Turnover |
Tk.183.5 million |
Tk.182.8 million |
Tk.182 million |
|
Liability |
Tk.3.4 million |
Tk.4 million |
Tk.5 million |
|
Assets |
Tk.27 million |
Tk.27 million |
Tk.25 million |
|
Authorized
Capital |
N/A |
|
Paid Up Capital |
N/A |
|
Each Share Value |
N/A |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
126.9733 |
|
U.S Dollar |
1 |
81.9500 |
|
European Euro |
1 |
103.0275 |
|
Dishonored
Checks |
No Found |
|
Debt |
No Found |
|
Litigation |
No Found |
|
Performance
Defaults |
No Records Found |
|
Adverse Press
Coverage |
No Records Found |
|
Money Laundering |
No Records Found |
|
Employees |
72 |
|
Office Area (Sq.
Ft) |
2,500 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
3,600 sq.ft.(rented) |
|
Range of
Products |
4 Lentil 4 Wheat 4 Soya Cake 4 Maize 4 Rape Seed 4 Fertilizers |
|
Import From |
4 China 4 India 4 Nepal |
|
Certifications |
NIL |
|
Group Name |
4 Aman Group |
|
Subsidiaries /
Affiliates |
4 Amantex Limited
4 Aman Cotton
Fibrous Limited 4 Anwara Mannan
Textile Mills Limited 4 Aman Cement
Mills Limited 4 Brothers Cement
Mills Limited 4 Aman Food &
Beverage Limited 4 Aman Seed
Storage Limited 4 Aman Feed
Limited 4 Aman Poultry
& Hatchery Limited 4 Aman Plant
Tissue Culture Limited 4 Aman Agro
Industries Limited 4 Aman Cold
Storage Limited 4 Milan Cold
Storage Limited 4 A.M. Cold
Storage Limited 4 Juvenile
Construction Limited 4 Aman Associates
Limited 4 Aman Trading
Corporation 4 RS & T
International |
|
Member |
4 Rajshahi
Chamber of Commerce & Industries, Rajshahi |
|
Business Scale |
Fairly Large |
|
Business Trend |
Growing |
|
Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.44 |
|
UK Pound |
1 |
Rs.87.00 |
|
Euro |
1 |
Rs.69.47 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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 |
|
s41-55 |
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.