MIRA INFORM REPORT

Report Date :

16.04.2014

IDENTIFICATION DETAILS

Name :	CENTRAL MEDICAL STORES DEPOT.

Registered Office :	30, Shaheed Tazddin Ahmed Sharani, Tejgaon, Dhaka-1208

Country :	Bangladesh

Year of Establishment :	1972

Legal Form :	State-owned Co

Line of Business :	Importer and Supplier of Medical Instruments & other Medical Items.

No of Employees :	2000 (In Office)

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 :	Good

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 – September 30, 2013

Country Name

Previous Rating

(30.09.2013)

Current Rating

(01.12.2013)

Bangladesh

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderate Low Risk	B1
Moderate Risk	B2
Moderate High Risk	C1
High Risk	C2
Very High Risk	D

BANGLADESH - ECONOMIC OVERVIEW

Bangladesh's economy has grown roughly 6% per year since 1996 despite political instability, poor infrastructure, corruption, insufficient power supplies, slow implementation of economic reforms, and the 2008-09 global financial crisis and recession. Although more than half of GDP is generated through the service sector, almost half of Bangladeshis are employed in the agriculture sector with rice as the single-most-important product. Garment exports, the backbone of Bangladesh’s industrial sector and 80% of total exports, surpassed $21 billion last year, 18% of GDP. The sector has remained resilient in recent years amidst a series of factory accidents that have killed over 1,000 workers and crippling strikes that shut down virtually all economic activity. Steady garment export growth combined with remittances from overseas Bangladeshis, which totaled almost $15 billion and 13% of GDP IN 2013, are the largest contributors to Bangladesh’s current account surplus and record foreign exchange holdings.

Source : CIA

IDENTIFICATION DETAILS

Correct company Name	:	Central Medical Stores Depot.
Head Office	:	30, Shaheed Tazddin Ahmed Sharani, Tejgaon, Dhaka-1208, Bangladesh.
Tel No	:	88-02-9129231,
Fax No	:	88-02-9126547
E-mail	:	cmsdstore@dhaka.net
Website	:	Nil
Date/ Year of Incorporation	:	1972
Incorporation 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 others (please specify) ________________
Issuing Authority	:	Ministry of Health and Family Welfare City Corporation Municipal Administration Union Council Cantonment Board Chief Controller of Import & Export (CCIE)


Year	Turnover/ Sales	Assets	Income
July’ 11~June’ 12	Tk. 750 Million	Tk. 1500 Million	N/A
July’ 12~June’ 13	Tk. 835 Million	Tk. 1645 Million	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

Information Parted By

Name

Mr. Harun Ur Rashid

Designation

Accounts Officer.

Contract No

88-01711021061

*Locations Details*

Operating Address	:	30, Shaheed Tazddin Ahmed Sharani, Tejgaon, Dhaka-1208, Bangladesh.
Tel No	:	88-02-9129231,
Fax No	:	88-02-9126547
E-mail	:	cmsdstore@dhaka.net
Website	:	Nil

Location :

: Owned

Rented

Leased

Area

8500

Sq. ft.

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

Warehouse:

Address	:	30, Shaheed Tazddin Ahmed Sharani, Tejgaon, Dhaka-1208, Bangladesh.
Tel No	:	88-02-9129231,
Fax No	:	88-02-9126547

Location :

Owned

Rented

Leased

Area

50000

Sq. ft.

Branches:

Address	:	Nil
Tel No	:	Nil
Fax No	:	Nil

Employee:

No. of Employees	In Office	:	2000	In Factory	:	-
	In Branch:	:	-	Total	:	2000
Details:

Names of Shareholders

No. of Share

State Owned

Name

Designation

Brigadier General Md Golam Rasul

Director

Dr. Rowshan Alam Khan Chowdhury(T&C)

Deputy Director

Dr. Abdur Rahim (CMHD)

Deputy Director

Dr. Md. Akter Hossain (Procurment)

Ass. Director

Name

Mr. Harun Ur Rashid

Job Description

Accounts Officer.

Nationality

Bangladeshi.

Email address

N/A

Other details

88-01711021061


Nature of Activity :	Supplier	Ö	Trader		Dealer	Distributor

	Exporter		Importer	Ö	Services	Others

Item Dealings In:

Products	:	Medical Instruments & other Medical Items.
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

N/A

Overseas Suppliers

N/A

Local Suppliers

N/A

Trade Markets

Exports

N/A

Imports

China, India, Japan, Germany, UK, USA

Brand Name

N/A

Certified

N/A

Auditors

N/A

Operation Status

Active.

Member

N/A

Authorized Capital

Tk. 1000 Million.

Paid-up Capital

N/A

No. of Shares

N/A

Share Value

N/A

Main Assets

Tk. 1645 Million

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

Sister Concerns

N/A

Subsidiary

N/A

Name of The Group

N/A

Bank Name

Janata Bank Ltd.

Agrani Bank Ltd.

Basic Bank Ltd.

Bangladesh Krishi Bank


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 address at 30, Shaheed Tazddin Ahmed Sharani, Tejgaon, Dhaka-1208, Bangladesh. The subject company Accounts Officer Mr. Harun Ur Rashid welcome us & given us all information. Its office is decorated by modern furniture.

Established in 1972, Subject is mainly engaged in Supplier & Importer of Medical Instruments & other Medical Items. Having been in operation for several years, Subject maintains acceptable business volume. Subject enjoys some recognition and impact in the line.

Adopted Abbreviations:
NA- Not Available	TK- Bangladeshi Taka

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs. 60.26
UK Pound	1	Rs. 100.70
Euro	1	Rs. 83.27

INFORMATION DETAILS

Analysis Done by :	SUB

Report Prepared by :	DPT

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.

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