MIRA INFORM REPORT

Report Date :

07.08.2013

IDENTIFICATION DETAILS

Name :	BUSHRA AGRO FOOD

Registered Office :	Bogra Road, Santahar, PS: Adamdigi, Bogra,

Country :	Bangladesh

Year of Incorporation :	2004

Legal Form :	Sole Proprietorships

Line of Business :	Trader of all kind of Rice

No. of Employees :	30

RATING & COMMENTS

MIRA’s Rating :

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

Status :	Moderate
Payment Behaviour :	Slow but correct
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, 2013

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Bangladesh

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

BANGLADESH - ECONOMIC OVERVIEW

In real terms Bangladesh's economy has grown 5.8% 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




Correct company Name	:	Bushra Agro Food
Registered office	:	Bogra Road, Santahar, PS: Adamdigi, Bogra, Bangladesh
Tel No	:	88-0741-69767, 17177412621
Fax No	:	Nil
E-mail	:	bushra.agro.food.ltd@gmail.com, shabug-kh@yahoo.com
Website	:	-
Date/ Year of Incorporation	:	2004
Registered No.	:	-
Legal Form (General)	:	Public Listed Co Public (but not listed) Private Co State-owned Co Sole Proprietorships Partnership Not Registered others (please specify) ________________
Legal form (Specific)	:	LTD CORP INC CO others (please specify) ________________
Issuing Authority	:	Registrar of Joint Stock Companies & Firms City Corporation Municipal Administration Union Council Cantonment Board Chief Controller of Import & Export (CCIE)


Year	Turnover/ Sales		Assets		Income
2011	Tk.25 Million		Tk. 8 Million		Tk.1.20 Million
2012	Tk.28 Million		Tk.9 Million		Tk.1.35 Million
Exchange Rate		USD1-Tk. 77.8200 EUR 1- Tk. 100.2711 GBP 1- Tk.118.5354 AUD 1 - Tk.82.8563 JPY 1 - Tk.0.9286		CAD 1 - Tk.80.1887 SEK 1 - Tk.12.2870 SGD 1 - Tk.65.3045 CNH 1 - Tk.12.8399

Sales Trend – Analysis:
2002	2003	2004	2005	2006	2007	2008	2010	2011	2012
-	-	-	-	-	-	-

Recommended Credit Range

USD25,000 based on 60 days



Information Parted By

Name	:	Hafiz Md. Belal Hossain
Designation	:	Proprietor
Contract No	:	88-01711412621

Locations Details

Business Address	:	Bogra Road, Santahar, PS: Adamdigi, Bogra, Bangladesh
Tel No	:	88-0741-69767, 17177412621
E-mail	:	bushra.agro.food.ltd@gmail.com, shabug-kh@yahoo.com
Fax No	:	-
Website	:	-

Location :

: Owned

Rented

Leased

Area

350

Sq. ft.

Type of Office :	: Commercial Office Bldg.	Ö		Semi-commercial office Bldg.
	Retail shop		Industrial Park
	Business Center		Home Office
	Residential Bldg.

Warehouse:

Address	:	Bogra Road, Santahar, PS: Adamdigi, Bogra, Bangladesh
Tel No	:	88-0741-69767, 17177412621
Fax No	:	-

Location :

Owned

Rented

Leased

Area

20,000

Sq. ft.

Employee:

No. of Employees	In Office	:	In Factory	:
No. of Employees	In Branch:	:	Total	:	30
Details:

Names of Proprietor

Hafiz Md. Belal Hossain

Name

Md. Sabug

Nationality

Bangladeshi

Job Description

Manager

Other details

Nature of Activity :

Manufacturer

Trader

Dealer

Distributor

Exporter

Importer

Others

Range of Products/Item Dealings In:

Products	:	All kind of Rice
Production Capacity	:	N/A
Last Year Production	:	N/A

Trading Terms:

Purchasing Terms:	L/C	Ö	Cash		Others
	Credit :		30 days		60 days		90 days	Ö		days

Selling Terms :	L/C		Cash	Ö	Others
	Credit :	Ö	30 days		60 days		90 days			days

Trade Reference & Related Parties

Overseas Clients

N/A

Local Clients

Local market

Overseas Suppliers

N/A

Local Suppliers

N/A

Trade Markets

Exports

N/A

Imports

India, Thailand

Brand Name

N/A

Certified

N/A

Auditors

N/A

Operation Status

Active

Member

N/A

Capital Invested

Tk. 10 Million

Assets

Tk. 9 Million

Sister Concerns

Nil

Subsidiary

Nil

Name of The Group

N/A

Bank Name

Arab Bangladesh Ltd

Bank Address

Naogaon

Mozaffer Hossain Marketing Complex
Main Road, Naogaon.
Tel: (0741) 63030, 63060
Fax: (0741) 63030
E-mail: naogmg@abbank.com.bd


Dishonored Checks	:	No Record Found
Debt		No Record Found
Litigation	:	Clear
Performance Defaults	:	No Record Found
Adverse Local Media Coverage/ Adverse Filling History		No Record Found

Our District representative visited the subject company which is situated at inter district road.

The subject company established about 9 years & as well as its financial condition, we recommended that Credit should be extended under guarantee in C.O.D to small amount

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.53
UK Pound	1	Rs.94.37
Euro	1	Rs.81.58

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.

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