MIRA INFORM REPORT
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Report Date : |
18.04.2014 |
IDENTIFICATION DETAILS
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Name : |
J & C IMPEX LIMITED. |
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Registered Office : |
House # 1/A (2nd floor), Road # 13 New (old-30), Dhanmondi R/A, Mirpur Road, Dhaka-1209 |
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Country : |
Bangladesh |
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Date of Incorporation : |
04.05.2006 |
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Com. Reg. No.: |
C-61542 |
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Legal Form : |
Private Co |
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Line of Business : |
Importer, Distributor and Agent of Livestock, Poultry & Aquaculture products & Power Generation products. |
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No of Employees : |
35 (In Office) |
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 : |
No Complaints |
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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 – September 30, 2013
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Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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Bangladesh |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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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.
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Source
: CIA |
IDENTIFICATION DETAILS
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Correct
company Name |
: |
J & C Impex Limited. |
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Head
Office |
: |
House # 1/A (2nd floor), Road # 13 New
(old-30), Dhanmondi R/A, Mirpur Road, Dhaka-1209, Bangladesh. |
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Tel
No |
: |
88-01711597700, 01727210929 |
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Fax
No |
: |
Nil |
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E-mail |
: |
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Website |
: |
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Date/
Year of Incorporation |
: |
04.05.2006 |
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Incorporation No. |
: |
C-61542 |
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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) ________________ |
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Issuing
Authority |
: |
Registrar
of Joint Stock Companies & Firms
City
Corporation Municipal Administration Union Council Cantonment
Board Chief Controller of Import & Export (CCIE) |
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Year |
Turnover/ Sales |
Assets |
Income |
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July’
11~June’ 12 |
Tk. 335 Million |
Tk. 20 Million |
Tk. 2.15 Million |
|
July’
12~June’ 13 |
Tk. 341 Million |
Tk. 23.47 Million |
Tk. 3.05 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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Information Parted By |
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Name |
: |
Mr. Shafiq |
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Designation |
: |
Commercial
Manager. |
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Contract No |
: |
- |
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Locations Details |
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Operating
Address |
: |
House # 1/A (2nd floor), Road # 13 New (old-30),
Dhanmondi R/A, Mirpur Road, Dhaka-1209, Bangladesh. |
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Tel
No |
: |
88-01711597700, 01727210929 |
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Fax
No |
: |
Nil |
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E-mail |
: |
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Website |
: |
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Location : |
: Owned |
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Rented |
Ö |
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Leased |
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Area |
3500 |
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 |
: |
House # 1/A (2nd floor), Road # 13 New
(old-30), Dhanmondi R/A, Mirpur Road, Dhaka-1209, Bangladesh. |
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Tel
No |
: |
88-01711597700, 01727210929 |
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Fax
No |
: |
Nil |
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Owned |
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Rented |
Ö |
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Leased |
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Area |
5000 |
Sq. ft. |
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Branches: |
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Address |
: |
Nil |
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Tel
No |
: |
Nil |
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Fax
No |
: |
Nil |
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Employee: |
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No. of Employees |
In Office |
: |
35 |
In Factory |
: |
- |
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In Branch: |
: |
- |
Total
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: |
35 |
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Details: |
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Names of Shareholders |
No. of Share |
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Mr. Noor Mohammed |
6000 |
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Mrs. Rowshan Ara Begum |
2000 |
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Ms. Nourita Zahan |
2000 |
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Name |
Designation |
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Mr. Noor Mohammed |
Managing Director |
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Mrs. Rowshan Ara Begum |
Director |
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Ms. Nourita Zahan |
Director |
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Name |
: |
Mr. Shafiq |
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Job
Description |
: |
Commercial Manager. |
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Nationality |
: |
Bangladeshi. |
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Email
address |
: |
N/A |
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Other
details |
: |
N/A |
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Name |
: |
Mr. Shohel |
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Job
Description |
: |
Commercial Officer. |
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Nationality |
: |
Bangladeshi. |
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Email
address |
: |
N/A |
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Other
details |
: |
N/A |
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Name |
: |
Mr. Jamil Hossain |
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Job
Description |
: |
Senior Executive Director. |
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Nationality |
: |
Bangladeshi. |
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Email
address |
: |
N/A |
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Other
details |
: |
N/A |
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Nature
of Activity
: |
Agent |
Ö |
Trader |
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Dealer |
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Distributor |
Ö |
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Exporter |
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Importer |
Ö |
Services |
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Others |
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Item Dealings In: |
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Products |
: |
Livestock, Poultry & Aquaculture products
& Power Generation products. |
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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 |
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 |
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days |
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Selling
Terms : |
L/C |
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Cash |
Ö |
Others |
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Credit
: |
Ö |
30
days |
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60
days |
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90
days |
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days |
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Trade
Reference & Related Parties |
: |
Overseas Clients |
: |
Foreign principals for
Livestock, Poultry & Aquaculture products: Growell India Ajinomoto Co.,
(Thailand). Ltd Lexington Enterprizes
Pte. Ltd. - Singapore. Hebei Kangdali
Pharmaceutical Co., China Tessenderlo Chemie NV/SA,
Belgium Probyn International
Inc.USA Bomac Laboratories Ltd,
Newzealand. Foreign principals for
Power generation & Heavy Industry: Global Tech Services, USA Flowserve, UK Wuxi Land Mechanical
& Power Engineering Co., Ltd., China SHANXI HUANJIE PETROLEUM
DRILLING TOOLS CO., LTD, China Toshniwal Industries Pvt.
Ltd, India, AVN Tubes. India Argo International
Corporation USA, Raytek USA Lamtec GmbH & Co.KG,
Germany Stahl-Armaturen PERSTA
GmbH, Germany Hydraulics Online Ltd, UK |
Local Clients |
: |
N/A |
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Overseas Suppliers |
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N/A |
Local Suppliers |
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N/A |
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Trade Markets |
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Exports |
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N/A |
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Imports |
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China, India, UK, USA. |
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Brand Name |
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N/A |
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Certified |
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N/A |
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Auditors |
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N/A |
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Operation Status |
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Active. |
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Member |
: |
Dhaka Chamber of Commerce &
Industry. |
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Authorized
Capital |
: |
Tk. 10 Million |
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Paid-up
Capital |
: |
Tk. 10, 00,000 |
No. of Shares |
: |
10, 000 |
Share Value |
: |
Tk.100.00Each |
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Main
Assets |
: |
Tk. 23.47 Million. |
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The
subject company don’t submit update full financial figure to local registry
office. |
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Sister
Concerns |
: |
Nil |
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Subsidiary |
: |
Nil |
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Name of
The Group |
: |
Nil |
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Bank
Name |
: |
Mercantile Bank Ltd. |
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Bank
Address |
: |
Dhanmondi Branch. 2/1, Cosmos Tower Road No.- 28 (Old), 15 (New) Dhanmondi R/A, Dhaka -1205. Phone : 9130500, 9142691, 8126768, 8124234 Mobile : 01713-452824 Fax :
88-02-8126768 |
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Bank
Name |
: |
South East
Bank Ltd. |
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Bank
Address |
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Corporate branch, Eunoos Trade Centre (Ground Floor), Plot #52-53, Dilkusha C/A,
Dhaka-1000 Phone: 88-02-9567764, 9551444, 9554447 Fax: 88 - 02 - 9571424 Swift: SEBDBDBHCRP |
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Bank
Name |
: |
Prime Bank
Ltd. |
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Bank
Address |
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Pollabi Bank Ltd. Sataras Dream(1st Floor) Holding No: 1/11 & 1/12 Word No: 7
Pallabi, Mirpur, Dhaka Phone: PABX : (02) 9000559, 9001913, Direct : (02) 9013629 Fax:(02) 9001883 Email: pblpallabi@primebank.com.bd |
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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 |
: |
No Record Found |
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Our Representative
Visited the subject company Head office which is situated at House # 1/A (2nd
floor), Road # 13 New (old-30), Dhanmondi R/A, Mirpur Road, Dhaka-1209,
Bangladesh. The subject company Commercial Manager Mr. Shafiq welcome us
& given us all information. Its office is situated at Residential area
which is well decorated. |
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Based on the financial
statements, SC’s financial performance appears to be below average. SC has
been in its line of business for about 7 years. Taking into account its
long-standing history, reputation in the market, as well as its financial
condition, we recommend that Credit should be extended under guarantee 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. 60.38 |
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|
1 |
Rs. 101.63 |
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Euro |
1 |
Rs. 83.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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Report Prepared
by : |
DPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.