MIRA INFORM REPORT
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Report Date : |
17.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
PR JUTE TRADING |
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Registered Office : |
708, Mohsin Road, Daulutpur, Khulna |
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Country : |
Bangladesh |
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Date of Incorporation : |
2009 |
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Legal Form : |
Sole Proprietorships |
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Line of Business : |
Manufacturer, Exporter of Raw Jute & All types of Jute Items |
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No. of Employees : |
63 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Risk Category |
ECGC
Classification |
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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
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Source
: CIA |
Executive summary
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IDENTIFICATION DETAILS |
||
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Correct company Name |
: |
PR Jute Trading |
|
Head office |
: |
708, Mohsin Road, Daulutpur, Khulna, Bangladesh |
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Tel No |
: |
88-041-774546,
2870240, 01753-016694. |
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Fax No |
: |
88-041-774153. |
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E-mail |
: |
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Website |
: |
Nil |
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Date/ Year of Incorporation |
: |
2009 |
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Registered No. |
: |
- |
|
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
|
Year |
Turnover/
Sales |
Assets |
Income |
||
|
2011 |
Tk.27 Million |
Tk.9.8million |
Tk.1.45 million |
||
|
2012 |
Tk.32 Million |
Tk.10million |
Tk.1.50 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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- |
- |
- |
- |
- |
- |
- |
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Fullcheck report details
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Information Parted By |
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Name |
: |
Mr. Md. Wahiduzzaman Hasib |
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Designation |
: |
Proprietor & CEO |
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Contract No |
: |
01753-016694 |
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Locations Details |
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Business Address |
: |
PR Jute Trading |
|
Tel No |
: |
708, Mohsin Road, Daulutpur, Khulna, Bangladesh |
|
Fax No |
: |
88-041-774546,
2870240, 01753-016694. |
|
E-mail |
: |
88-041-774153. |
|
Website |
: |
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|
|
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Nil |
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Location : |
: Owned |
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Rented |
Ö |
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Leased |
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Area |
850 |
Sq. ft. |
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Type of Office : |
: Commercial Office Bldg. |
Ö |
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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. |
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Warehouse: |
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Address |
: |
708, Mohsin Road, Daulutpur, Khulna, Bangladesh |
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Tel No |
: |
88-041-774546,
2870240, 01753-016694. |
|
Fax No |
: |
88-041-774153. |
|
Owned |
|
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Rented |
Ö |
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Leased |
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Area |
15000 |
Sq. ft. |
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Employee: |
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No. of Employees |
In Office |
: |
7 |
In Factory |
: |
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In Branch: |
: |
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Total |
: |
63 |
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Details: |
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Proprietor/partners
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Names of
Proprietor |
: |
Mr. Md. Wahiduzzaman Hasib |
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Management
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Name |
: |
Mr. Md. Wahiduzzaman Hasib |
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Nationality |
: |
Bangladesh |
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Job Description |
: |
Proprietor |
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Other details |
: |
- |
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Business
operations
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Nature of Activity : |
Manufacturer |
Ö |
Trader |
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Dealer |
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Distributor |
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Exporter |
Ö |
Importer |
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Others |
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Range of
Products/Item Dealings In: |
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Products |
: |
Raw Jute & All types of Jute Items |
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Production Capacity |
: |
N/A |
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Last Year
Production |
: |
N/A |
Trading Terms:
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Purchasing Terms: |
L/C |
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Cash |
Ö |
Others |
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Credit : |
Ö |
30 days |
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60 days |
|
90 days |
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|
days |
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Selling Terms : |
L/C |
Ö |
Cash |
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Others |
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|||
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Credit : |
|
30 days |
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60 days |
Ö |
90 days |
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|
days |
Detailed data
|
Trade Reference
& Related Parties |
: |
Overseas Clients |
: |
N/A |
Local Clients |
: |
N/A |
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Overseas Suppliers |
: |
N/A |
Local Suppliers |
: |
Local People |
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Trade Markets |
: |
Exports |
: |
Pakistan, India |
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Imports |
: |
N/A |
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Brand Name |
: |
N/A |
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Certified |
: |
N/A |
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Auditors |
: |
N/A |
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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.7 million |
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Assets |
: |
Tk.10million |
Associares/subsidiaries/related parties
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Sister Concerns |
: |
Sharif Jute Trading Sharif Paradise Hotel Khulna BD Sajib Eco Fiber Hasib ICT Sajib Land Resort |
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Subsidiary |
: |
N/A |
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Name of The Group |
: |
N/A |
Banking
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Bank Name
|
: |
Sonali Bank Ltd. |
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Bank Address |
: |
Daulatpur Branch Po & Th: Daulatpur, Khulna, Tel:88-041-762257, 760876 |
ADVERSE DATA MONITORING
|
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 |
|
No Record Found |
SITE VISIT COMMENTARY
|
Our Representative visited there Head office which is situated at 708,
Mohsin Road, Daulutpur, Khulna, Bangladesh. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.48 |
|
|
1 |
Rs.99.66 |
|
Euro |
1 |
Rs.83.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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 |
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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.