MIRA INFORM REPORT

Report Date :

10.08.2013

IDENTIFICATION DETAILS

Name :	BRAND MERCHANDISE PACKERS LTD
Registered Office :	Sahera Tropical Tower(9th Floor), 218 Elephant Road, Dhaka-1205,
Country :	Bangladesh
Date of Incorporation :	28.02.2009
Com. Reg. No.:	C-74696
Legal Form :	Private Co
Line of Business :	Manufacturer, Trader and Importer of Garments Accessories likeCarton, Label, Hang tag, Gum Tag, Hanger
No. of Employees :	31 (In Office 6 + 25 In Factory)

RATING & COMMENTS

MIRA’s Rating :

B

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

Status :	Moderate
Payment Behaviour :	Unknown
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	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

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

IDENTIFICATION DETAILS
Correct company Name	:	BRAND MERCHANDISE PACKERS LTD.
Registered office	:	Sahera Tropical Tower(9th Floor), 218 Elephant Road, Dhaka-1205, Bangladesh
Tel No	:	88-01713068852, 01912700707, 01812042710
Fax No	:	Nil
E-mail	:	bmpackers@gmail.com, himubm@gmail.com
Website	:	Nil
Date/ Year of Incorporation	:	28.02.2009
Registered No.	:	C-74696
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.55 million	Tk.12 Million		Tk.0.80 Million
2012	Tk.60 million	Tk.13 Million		Tk.0.85 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
-	-	-	-	-	-	-

Information Parted By
Name	:	Mr. Abdullah Al- Murtaza
Designation	:	General Manager
Contract No	:	88-01713 068852

Locations Details
Business Address	:	Sahera Tropical Tower(9th Floor), 218 Elephant Road, Dhaka-1205, Bangladsh
Tel No	:	88-01713068852, 01912700707, 01812042710
E-mail	:	bmpackers@gmail.com, himubm@gmail.com
Fax No	:	Nil
Website	:	Nil

Location :

: Owned

Rented

Ö

Leased

Area

550

Sq. ft.

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

Factory:
Address	:	63, Kalurghat Heavy Industrial Area, MohraChandgao, Chittagong Bangladesh
Tel No	:	Nil
Fax No	:	Nil

Location :

Owned

Rented

Ö

Leased

Area

25,000

Sq. ft.

Employee:
No. of Employees	In Office	:	6	In Factory	:	25
	In Branch:	:		Total	:	31
Details: N/A

Names of Shareholders	No. of Share
Mr. Musaddek Mubarak	500
Mr. LutfulKadirMollick	500

Name			Designation
Mr. Musaddek Mubarak			Managing Director
Mr. LutfulKadirMollick			Director
Name	:	Mr. Abdullah Al- Murtaza
Email address	:	Atx.murtaza@gmail.com
Nationality	:	Bangladeshi
Job Description	:	General Manager
Other details	:	N/A

Nature of Activity :	Manufacturer	Ö	Trader	Ö	Dealer	Distributor
	Exporter		Importer	Ö	Others

Range of Products/Item Dealings In:
Products	:	Garments Accessories likeCarton, Label, Hang tag, Gum Tag, Hanger etc.
Production Capacity	:	N/A
Last Year Production	:	N/A

Trading Terms:

Purchasing Terms:	L/C	Ö	Cash	Others
	Credit :		30 days	60 days	Ö	90 days	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 garments
		Overseas Suppliers		:	N/A	Local Suppliers	:	N/A
Trade Markets	:	Exports		:	N/A
		Imports		:	China, India
Brand Name	:		N/A
Certified	:		N/A
Auditors	:		N/A
Operation Status	:		Active
Member	:		N/A

Authorized Capital	:	Tk.10 Million
Paid-up Capital	:	Tk.1,00,000	No. of Shares	:	1000	Share Value	:	Tk.100.00Each
Main Assets	:	Tk.13 Million

The subject company don’t submit update financial figure to local registry office.

Sister Concerns	:	BM Traders AHM Corporation GBS Wears international Brand Accessories Ltd
Subsidiary	:	N/A
Name of The Group	:	N/A

Bank Name	:	Mutual Trust Bank Ltd.
Bank Address	:	Gulshan Branch, 120 Gulshan Avenue, Dhaka 1212 Email: gulshan.br@mutualtrustbank.com

The subject company has good reputation in local market.

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 representative visited there Had office which is situated at Sahera Tropical Tower(9th Floor), 218 Elephant Road, Dhaka-1205, Bangladsh. It is situated at market place commercial area.

Repeated attempts to obtain and verify information from subject company were unsuccessful as they declined all information citing confidentiality. Please not that our credit rating is based on information gathered from external sources as well as information obtained from past interviews. Hence, 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.61.11
UK Pound	1	Rs.94.77
Euro	1	Rs.81.54

INFORMATION DETAILS

Report Prepared by :

NLM

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.