MIRA INFORM REPORT

Report Date :

11.11.2013

IDENTIFICATION DETAILS

Name :	MOLLA SALT (TRIPLE REFINED) INDUSTRY LTD.

Registered Office :	House # 09, Road# 23/B, Gulshan-1, Dhaka-1212

Country :	Bangladesh

Date of Incorporation :	03.08.2003

Com. Reg. No.:	C-50086

Legal Form :	Private Co Ltd

Line of Business :	Distributor and Refinery of Salt

No. of Employees :	250 (In Office 50 + 200 In Factory)

RATING & COMMENTS

MIRA’s Rating :

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 – 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


IDENTIFICATION DETAILS

Correct company Name	:		MOLLA SALT (TRIPLE REFINED) INDUSTRY LTD.
HeadOffice	:	House # 09, Road# 23/B, Gulshan-1, Dhaka-1212, Bangladesh
Tel No	:	88-02-9899862,9860579
Fax No	:	88-02-9860390
E-mail	:	info@molla.com.bd, mstri@zipbd.com
Website	:	www.molla.com.bd
Date/ Year of Incorporation	:	03.08.2003
Incorporation No.	:	C-50086
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.140 Million	Tk.6.5 Crore		Tk.1.85 million
2012	Tk.165 Million	Tk.7 Crore		Tk.2.95 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. Somor Kumar Saha.
Designation	:	Assistance Manager
Contract No	:	88-01711523291

Locations Details

Business Address	:	House # 09, Road# 23/B, Gulshan-1, Dhaka-1212, Bangladesh
Tel No	:	88-02-9899862, 9860579
E-mail	:	info@molla.com.bd mstri@zipbd.com
Fax No	:	88-02-9862390
Website	:	www.molla.com.bd

Location :

: Owned

Rented

Leased

Area

3500

Sq. ft.

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

Factory:

Address	:	Dapa, Fatullah, Narayanganj, Bangladesh.
Tel No	:	88-02-7670067, 7670586
Fax No	:	88-027672650

Location :

Owned

Rented

Leased

Area

2.5

Acores

Employee:

No. of Employees	In Office	:	50	In Factory	:	200
	In Branch:	:		Total	:	250
Details:


Names of Shareholders	No. of Share
Al Haj KhabirUddinMolla	1000
Alhaj Mr. Rokeya Begum	1000
Mollah Md. Maznu	1000
MizanurRahmanMolla	1000


Name	Designation
Mollah Md. Maznu	Chairman
Al Haj KhabirUddinMolla	Managing Director
Alhaj Mr. Rokeya Begum	Director
MizanurRahmanMolla	Director

Name

Mr. Somor Kumar Saha.

Job Description

Assistance Manager

Nationality

Bangladeshi

Email address

Other details

88-01711523291

Nature of Activity :

Manufacturer

Trader

Dealer

Distributor

Exporter

Importer

Services

Refinery

Range of Products/Item Dealings In:

Products	:	Salt
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 whole sellers

Overseas Suppliers

N/A

Local Suppliers

Local Manufacturer

Trade Markets

Exports

N/A

Imports

N/A

Brand Name

Molla Salt

Certified

BSTI, BSIC and UNICEF

Auditors

N/A

Operation Status

Active

Member

N/A

Authorized Capital

Tk.10 Crore

Paid-up Capital

Tk.400000

No. of Shares

4000

Share Value

Tk.100.00Each

Main Assets

Tk.7 Crore

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

Sister Concerns

M I Cement Factory Limited

Mollah Tower

Mollah& Brothers Co.

Subsidiary

N/A

Name of The Group

N/A


Bank Name	:	One Bank Ltd.
Bank Address	:	Motijheel Branch Motijheel Branch Sharif Mansion (Ground Floor) 56-57, Motijheel C/A Dhaka-1000, bangladesh. Phone:88-02-9564191, 9566896, 9570544

Bank Name	:	Prime Bank Ltd.
Bank Address	:	Motijheel Branch Adamjee Court Annexe Building -2, 119-120, Motijheel C/A, Dhaka-1000 Phone: (02) 7175491-2, 9567225,9562982 Fax:88-02-9567223 Telex: 671543 PBLMJ BJ SWIFT: PRBLBDDH001 Email: pblmotijheel@primebank.com.bd

Bank Name

Jamuna Bank Ltd.

Bank Address

Gulshan Branch

Land View Commercial Center,

28, Gulshan North C/A, Gulshan Circle-2, Gulshan, Dhaka
Tel: 88-02-8852540, 8861281


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 the subject company Head office address which is situated atHouse # 09, Road# 23/B, Gulshan-1, Dhaka-1212, Bangladesh

Based on financial statement, the subject company financial performance appears to be Average.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.29
UK Pound	1	Rs.101.36
Euro	1	Rs.84.59

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%)

MIRA INFORM REPORT

Unit