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Report Date : |
04.10.2012 |
IDENTIFICATION DETAILS
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Name : |
SUCHONA INTERNATIONAL |
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Registered Office : |
135 West Rampura, Dhaka-1219 |
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Country : |
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Year of Establishment : |
2005 |
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Legal Form : |
Partnership Company |
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Line of Business : |
Importing & Selling of Chemicals |
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No. of Employees : |
10 |
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RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 (31.03.2011) |
Current Rating (30.06.2012) |
|
Bangladesh |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 |
Suchona International |
|
Address |
135 West
Rampura, Dhaka-1219 |
|
Country |
Bangladesh |
|
Telephone No |
880-1712-602306 |
|
Contact No |
008824474700400
(Mr. Kamrul) |
|
E-Mail |
|
|
Website |
NIL |
|
Established |
2005 |
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Company Registration No |
N/A |
|
Registration date |
N/A |
|
Legal Status |
Partnership
Company |
|
Business Type |
Importer & Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
|
Head Office |
135 West
Rampura, Dhaka-1219 |
|
Telephone No |
880-1712-602306 |
|
Fax No |
NIL |
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E-Mail |
|
|
Website |
NIL |
|
Operating Address |
14 Purana
Paltan, Dhaka |
|
Factory |
N/A |
|
Factory Telephone No |
N/A |
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Factory Fax No |
N/A |
|
Warehouse |
14 Purana
Paltan, Dhaka |
|
Name |
Mr. Kamrul Azam
Khan |
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Designation |
Partner |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Nurul
Islam |
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Designation |
Partner |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Amar Kumar
Das |
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Designation |
Partner |
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Nationality |
Bangladeshi |
|
Line of Business |
Importing &
Selling |
|
Items Dealing In |
Chemicals |
|
Terms of Purchase |
Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
|
Name |
IFIC Bank
Limited |
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Branch |
Paltan Branch |
|
Address |
Purana Paltan, Dhaka |
|
SWIFT |
N/A |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.10 million |
Tk.08 million |
Tk.08 million |
|
Turnover |
Tk.60 million |
Tk.58.6 million |
Tk.58 million |
|
Liability |
N/A |
N/A |
N/A |
|
Assets |
Tk.18 million |
Tk.16 million |
Tk.16 million |
|
Authorized
Capital |
N/A |
|
Paid Up Capital |
N/A |
|
Each Share Value |
N/A |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
131.6536 |
|
U.S Dollar |
1 |
81.5900 |
|
European Euro |
1 |
105.4061 |
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Dishonored
Checks |
No Found |
|
Debt |
No Records Found |
|
Litigation |
No Records Found |
|
Performance
Defaults |
No Records Found |
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Adverse Press
Coverage |
No Records Found |
|
Money Laundering |
No Records Found |
|
Employees |
10 |
|
Office Area (Sq.
Ft) |
1,200 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
2,200 sq.ft.(rented) |
|
Range of
Products |
4 Pharmaceutical Chemicals |
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Import From |
4 India |
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Certifications |
NIL |
|
Group Name |
NIL |
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Subsidiaries /
Affiliates |
NIL |
|
Member |
4 Dhaka Chamber of Commerce & Industry, Dhaka |
|
Business Scale |
Small |
|
Business Trend |
Growing |
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Management
Capability |
Good |
|
Reputation |
Good |
(General Details)
|
Name |
Mr. Kamrul |
|
Designation |
Partner |
|
Contact |
8824474700400 |
|
Date |
03.10.2012 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.33 |
|
|
1 |
Rs.84.30 |
|
Euro |
1 |
Rs.67.45 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.