MIRA INFORM REPORT

Report Date :

12.09.2013

IDENTIFICATION DETAILS

Name :	UNITED STATES COMMISSARY

Registered Office :	Madani Avenue, Baridhara, Dhaka -1212

Country :	Bangladesh

Year of Incorporation :	1972

Legal Form :	Private Co

Line of Business :	Purchase of all kind of items like food, official items for commissaries.

No. of Employees :	100

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Good
Payment Behaviour :	Regular
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

EXECUTIVE SUMMARY

IDENTIFICATION DETAILS

Correct company Name	:	United States Commissary
Bangladesh office	:	Madani Avenue, Baridhara, Dhaka -1212, Bangladesh
Tel No	:	88-02-8855500
Fax No	:	88-02-8823744
E-mail	:	USCMY@gmail.com, DhakaPA@state.gov
Website	:	-
Date of Established (Dhaka)	:	1972
Registered No.	:	N/A
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 Commissary
Issuing Authority	:	US Government City Corporation Municipal Administration Union Council Cantonment Board Chief Controller of Import & Export (CCIE)

FINANCIALS- SUMMARY

Year

Turnover/ Sales

Assets

Income

2012

N/A

Tk.150 crore

N/A

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

FULLCHECK REPORT DETAILS

Information Parted By
Name	:	Mujahidul Isalm
Designation	:	Operations Assistant
Contract No	:	-

Locations Details
Business Address	:	United States Commissary
Tel No	:	Madani Avenue, Baridhara, Dhaka -1212, Bangladesh
Tel	:	88-02-8855500
Fax	:	88-02-8823744
Email	:	USCMY@gmail.com, DhakaPA@state.gov

Location :

: Owned

Rented

Leased

Area

Acores

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

Employee:

No. of Employees	In Office	:	100	In Factory	:
No. of Employees	In Branch:	:		Total	:	100
Details:

Ambassador

Names of Ambassador

Mr. Dan W. Mozena

BUSINESS OPERATIONS

Nature of Activity :	Manufacturer		Trader		Dealer		Distributor
	Exporter		Importer		Purchase For commissaries	Ö

Range of Products/Item Dealings In:

Products	:	All kind of items like food, official items Etc. for commissaries
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

DETAILED DATA

Trade Reference & Related Parties	:	Overseas Clients		:	N/A	Local Clients	:	N/A
		Overseas Suppliers		:		Local Suppliers	:	N/a
Trade Markets	:	Exports		:	N/A
		Imports		:	All over the World
Brand Name	:		N/A
Certified	:		N/A
Auditors	:		N/A
Operation Status	:		Active
Member	:		N/A

CAPITAL STRUCTURE

Capital Invested

Tk. 100 Crore

Assets

!50 crore

ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES
Sister Concerns	:	N/A
Subsidiary	:	N/A
Name of The Group	:	N/a

BANKING

Bank Name	:	HSBC
Bank Address	:	Gulshan Branch

Bank Name	:	Standard Chartered Bank
Bank Address	:	Gulshan Avenue

ADVERSE DATA MONITORING

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

GENERAL COMMENTS

The subject is United States Commissary which is situated at Madani Avenue, Baridhara, Dhaka -1212, Bangladesh.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.90
UK Pound	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%)

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