MIRA
INFORM REPORT
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Report Date : |
12.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
D.K TRADE INTERNATIONAL |
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Registered Office : |
Robe Super Market, Plot#12, Gulshan North,
Dhaka-1212 |
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Country : |
Bangladesh |
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Date of Incorporation : |
2011 |
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Legal Form : |
Partnership |
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Line of Business : |
Importer of Edible oil, Mixed Food Items.
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No. of Employees : |
27 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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
IDENTIFICATION DETAILS
|
Correct company Name |
: |
D.K Trade International |
|
Head office |
: |
House#16 (Suit-SE-4), Road#10, Gulshan-1,
Dhaka-1212, Bangladesh |
|
Tel No |
: |
88
02 9893072, 9893072 |
|
Fax No |
: |
88 02 9857734 |
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E-mail |
: |
sayedkamal78@yahoo.it, syedkamal78@gmail.com |
|
Website |
: |
Nil |
|
Date/ Year of Incorporation |
: |
2011 |
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Trade License No. |
: |
0943078 (Dhaka North) |
|
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) |
FINANCIALS- SUMMARY
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|||||
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Year |
Turnover/
Sales |
Assets |
Income |
||
|
2011 |
Tk.18 Million |
Tk.7 million |
Tk.1.15 million |
||
|
2012 |
Tk.20Million |
Tk.7.5 million |
Tk.1.80 Million |
||
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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 |
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Sales Trend – Analysis: |
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2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
2010 |
2011 |
2012 |
|
- |
- |
- |
- |
- |
- |
- |
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FULLCHECK REPORT DETAILS
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Information Parted By |
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Name |
: |
Mr. Syed Kamal |
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Designation |
: |
Partner |
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Contract No |
: |
88 01552330495 |
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Locations Details |
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Business Address |
: |
House#16 (Suit-SE-4), Road#10, Gulshan-1,
Dhaka-1212, Bangladesh |
|
Tel No |
: |
88 02
9893072, 9893072 |
|
Fax No |
: |
88 02 9857734 |
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E-mail |
: |
sayedkamal78@yahoo.it, syedkamal78@gmail.com |
|
Website |
: |
Nil |
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Location : |
: Owned |
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Rented |
Ö |
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Leased |
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Area |
1500 |
Sq. ft. |
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Type of Office : |
: Commercial
Office Bldg. |
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Semi-commercial
office Bldg. |
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Retail shop |
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Industrial Park |
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Business Center |
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Home Office |
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Residential Bldg. |
Ö |
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Warehouse |
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Address |
: |
House#16 (Suit-SE-4), Road#10, Gulshan-1,
Dhaka-1212, Bangladesh |
|
Tel No |
: |
88
02 9893072, 9893072 |
|
Fax No |
: |
88 02 9857734 |
|
Owned |
|
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Rented |
Ö |
|
Leased |
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Area |
2600 |
Sq. ft. |
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Registered Address: |
||
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||
|
Address |
: |
Robe Super Market, Plot#12, Gulshan North,
Dhaka-1212, Bangladesh |
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Tel No |
: |
- |
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Fax No |
: |
- |
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Location : |
Owned |
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Rented |
Ö |
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Leased |
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Area |
250 |
Sq. ft. |
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Employee: |
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No. of Employees |
In Office |
: |
27 |
In Factory |
: |
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In Branch: |
: |
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Total |
: |
27 |
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Details: |
- |
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PARTNERS
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Names of
Partners |
: |
Mr. Syed Kamal |
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Syeda Dil Afrossa |
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MANAGEENT
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Name |
: |
Mr.
Syed Kamal |
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Nationality |
: |
Bangladeshi |
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Job Description |
: |
Partner |
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Other details |
: |
- |
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BUSINESS OPERATIONS
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Nature of Activity : |
Manufacturer |
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Trader |
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Dealer |
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Distributor |
Ö |
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Exporter |
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Importer |
Ö |
Others |
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Range of Products/Item
Dealings In: |
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Products |
: |
Edible oil, Mixed Food Items |
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Production Capacity |
: |
N/A |
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Last Year
Production |
: |
N/A |
Trading Terms:
|
Purchasing Terms: |
L/C |
Ö |
Cash |
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Others |
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Credit : |
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30 days |
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60 days |
Ö |
90 days |
|
|
days |
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Selling Terms : |
L/C |
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Cash |
Ö |
Others |
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|||
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Credit : |
Ö |
30 days |
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60 days |
|
90 days |
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|
days |
DETAILED DATA
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Trade Reference
& Related Parties |
: |
Overseas Clients |
: |
N/A |
Local Clients |
: |
Local Shops |
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Overseas Suppliers |
: |
BASOO-Italy |
Local Suppliers |
: |
N/A |
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Trade Markets |
: |
Exports |
: |
N/A |
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Imports |
: |
Dubai, India, Italy, Malaysia |
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Brand Name |
: |
N/A |
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Certified |
: |
Nil |
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Auditors |
: |
Nil |
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Operation Status |
: |
Active |
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Member |
: |
N/A |
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CAPITAL STRUCTURE
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Capital Invested |
: |
Tk. 10 million |
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Assets |
: |
Tk.7.5 million |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
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||
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Sister Concerns |
: |
Creed Bangladesh Ltd |
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Subsidiary |
: |
N/A |
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Name of The Group |
: |
N/A |
BANKING
|
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Bank Name
|
: |
Shahjahal Islami Bank Ltd. |
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Bank Address |
: |
Panthapath Branch, ENA Tower, Di-Olie (1st floor), 57/3,
57/4, Lake Circus Road, Kolabagan, Dhanmondi,
Dhaka-1212 Phone: 88-02- 9137723, 9125754,9133746 Fax: 88-02-9133745 |
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ADVERSE DATA MONITORING
|
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Dishonored Checks |
:
|
No Record Found |
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Debt |
|
No Record Found |
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Litigation |
: |
Clear |
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Performance Defaults |
: |
No Record Found |
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Adverse Local Media Coverage/ Adverse Filling History |
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No Record Found |
SITE VISIT COMMENTARY
|
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Our Representative visited there Head office which is situated at House#16 (Suit-SE-4), Road#10, Gulshan-1, Dhaka-1212, Bangladesh |
GENERAL COMMENTS
|
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Subject company is considered large sized in its line with Below
Average financial conditions. We recommend that Credit should be extended under guarantee in C.O.D to small amount. |
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Adopted Abbreviations: |
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|
NA- Not Available |
TK- Bangladeshi Taka |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.90 |
|
|
1 |
Rs.100.47 |
|
Euro |
1 |
Rs.84.65 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.