MIRA
INFORM REPORT
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Report Date : |
10.05.2013 |
IDENTIFICATION DETAILS
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Name : |
JUVENILE TRADE INTERNATIONAL LIMITED |
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Formerly Known as: |
Juvenile
Construction Limited |
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Registered Office : |
2 Ishakha Avenue, Sector- 6, Uttara, Dhaka-1230 |
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Country : |
Bangladesh |
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Date of Incorporation : |
13.06.2005 |
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Com. Reg. No.: |
4-R385 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Importer & Seller of Food Grains & Fertilizer |
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No. of Employees : |
65 |
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 – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Bangladesh |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
|
Name |
Juvenile Trade International Limited |
|
Former Name |
Juvenile Construction Limited (Date of Change: 2012) |
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Address |
115-116 Ranibazar,
Seroil, Ghoramara, Rajshahi-6100 Note: The subject operates from this address. |
|
Country |
Bangladesh |
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Telephone No |
880-721-775355, 776277 |
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Fax No |
880-721-772377 |
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E-Mail |
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Website |
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Established |
2005 (As Juvenile Construction Limited) |
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Company Registration No |
4-R385 |
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Registration date |
13th
June 2005 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The
Registrar of Joint Stock Companies & Firms, Rajshahi |
|
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 |
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Fax No |
880-2-8921489 |
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E-Mail |
|
|
Website |
|
|
Branch |
NIL |
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Factory |
N/A |
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Factory Tel No |
NIL |
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Factory Fax No |
NIL |
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Warehouse |
115-116 Ranibazar, Seroil, Ghoramara, Rajshahi-6100 Tel No: 880-721-775355, 776277 Fax No:
880-721-772377 |
|
Name |
Mr. Rafiqul
Islam |
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Designation |
Chairman & Managing Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Shafiqul
Islam |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Toufiqul
Islam |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Rafiqul
Islam |
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Share Percentage |
33.33% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Shafiqul
Islam |
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Share Percentage |
33.33% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Toufiqul
Islam |
|
Share Percentage |
33.33% |
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Nationality |
Bangladeshi |
|
Line of Business |
Importer &
Seller |
|
Items Dealing In |
Food Grains
& Fertilizer |
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Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
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Terms of Sale |
Local: Cash or Credit |
|
Name |
Prime Bank
Limited |
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Branch |
Rajshahi Branch |
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Address |
138/144, Shaheb Bazar,
Rajshahi-6100 |
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SWIFT |
PRBLBDDH009 |
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|
|
|
Name |
Islami Bank
Bangladesh Limited |
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Branch |
Rajshahi Branch |
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Address |
119/123, Shaheb
Bazar, Rajshahi |
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SWIFT |
IBBLBDDH113 |
|
Year |
As At 31st March 2011 |
|
Investment |
Tk.19 million |
|
Turnover |
Tk.113.3 million |
|
Liability |
NIL |
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Assets |
Tk.22
million |
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Authorized
Capital |
Tk.10 million |
|
Paid Up Capital |
Tk.5 million |
|
Each Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
121.0177 |
|
U.S Dollar |
1 |
77.8900 |
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European Euro |
1 |
102.4877 |
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Dishonored
Checks |
No Found |
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Debt |
No Found |
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Litigation |
No Records Found |
|
Performance
Defaults |
No Records Found |
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Adverse Press
Coverage |
No Records Found |
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Money Laundering |
No Records Found |
|
Employees |
65 |
|
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 Fertilizers 4 Wheat 4 Maize 4 Rice 4 Sugar 4 Soya Meal 4 Yellow Peas |
|
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 Aman Trading
Corporation 4 Aman Associates
Limited 4 Islam Brothers
& Co. 4 RS & T
International |
|
Member |
4 Dhaka Chamber
of Commerce & Industries, Dhaka |
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Business Scale |
Fairly Large |
|
Business Trend |
Growing |
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Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.24 |
|
UK Pound |
1 |
Rs.84.30 |
|
Euro |
1 |
Rs.71.36 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
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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 |
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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 |
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NB |
New Business |
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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.