|
Report Date : |
08.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
BOOK GALLERY. |
|
|
|
|
Registered Office : |
Pretty Homes (Flat -C-4/5E), 7/2, Paribag,
Dhaka-1000 |
|
|
|
|
Country : |
|
|
|
|
|
Year of Establishments: |
1986 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Importer, Seller & Distributor of all kinds
of books |
|
|
|
|
No. of Employees : |
05 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
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 (30.06.2013) |
Current Rating (30.09.2013) |
|
Bangladesh |
B1 |
B1 |
|
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 |
IDENTIFICATION DETAILS
|
||
|
|
||
|
Correct
concern Name |
: |
Book Gallery. |
|
Head
Office |
: |
189, New Market, Shop # 155, Dhaka-1205, Bangladesh. |
|
Tel
No |
: |
88-02-8613416, 9675544, 01713000266,
01674897700 |
|
Fax
No |
: |
Nil |
|
E-mail |
: |
|
|
Website |
: |
Nil |
|
Date/ Year of Incorporation |
: |
1986 |
|
IRC No |
: |
Ba-193973 |
|
Tin No. |
: |
184-100-2822 (Circle-114) |
|
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 |
|
July’ 11~June’ 12 |
Tk. 22 Million |
Tk. 14.5 Million |
Tk. 2.10 Million |
|
July’ 12~June’ 13 |
Tk. 35 Million |
Tk. 15 Million |
Tk. 3.20 Million |
|
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. F. M. Zinnat
Ali. |
|
Designation |
: |
Proprietor. |
|
Contract No |
: |
- |
Locations Details
|
||
|
|
||
|
Operating
Address |
: |
189, New Market, Shop # 155, Dhaka-1205, Bangladesh. |
|
Tel
No |
: |
88-02-8613416, 9675544, 01713000266,
01674897700 |
|
Fax
No |
: |
Nil |
|
E-mail |
: |
|
|
Website |
: |
Nil |
|
Location : |
: Owned |
|
|
Rented |
Ö |
|
Leased |
|
Area |
450 |
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 |
: |
189, New Market, Shop # 155, Dhaka-1205, Bangladesh. |
|
Tel
No |
: |
88-02-8613416, 9675544, 88-01713000266, 01674897700 |
|
Fax
No |
: |
Nil |
|
Owned |
|
|
Rented |
Ö |
|
Leased |
|
Area |
1500 |
Sq. ft. |
|
Registered
Address: |
|
|
|
Address |
: |
Pretty Homes
(Flat -C-4/5E), 7/2, Paribag, Dhaka-1000, Bangladesh. |
|
Tel
No |
: |
Nil |
|
Fax
No |
: |
Nil |
|
Employee: |
|
||||||
|
|
|
||||||
|
No.
of Employees |
In
Office |
: |
5 |
In
Factory |
: |
- |
|
|
In Branch: |
: |
- |
Total
|
: |
5 |
||
PROPRIETOR/PARTNERS
|
||
|
Names of Proprietor
|
: |
Mr. F. M. Zinnat Ali. |
MANAGEMENT
|
||
|
Name |
: |
Mr. F. M. Zinnat
Ali. |
|
Job Description |
: |
Proprietor. |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
N/A |
|
Other details |
: |
N/A |
|
Nature
of Activity : |
Manufacturer |
|
Trader |
|
Dealer |
|
Distributor |
Ö |
|
|
|
|||||||
|
|
Exporter |
|
Importer |
Ö |
Services |
|
Others |
|
|
Item Dealings In: |
||
|
Products |
: |
All Kinds of Books. |
|
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 |
DETAILED DATA
|
|
||||||||||
|
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 |
: |
India. |
|
||||||||
|
|
|
||||||||||
|
Brand Name |
: |
N/A |
|||||||||
|
Certified |
: |
N/A |
|||||||||
|
Auditors |
: |
N/A |
|||||||||
|
Operation Status |
: |
Active. |
|||||||||
|
Member |
: |
N/A |
|||||||||
capital
structure
|
||
|
Capital Invested |
: |
Tk. 5 Million |
|
Assets |
: |
Tk. 15 Million |
ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES
|
||
|
Sister Concerns |
: |
Parash Publishers. Book Gallery
International. |
|
Subsidiary |
: |
N/A |
|
Name of The Group |
: |
N/A |
|
Bank Name |
: |
Basic Bank Ltd. |
|
Bank Address |
: |
Main Branch. 73, Motejheel C/A,
Dhaka-1000 |
|
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 |
SITE VISIT COMMENTARY
|
|
The subject concern
is a proprietorship concern engaged in Importer, Seller & Distributor of
All kinds of Books. Its Office is situated at 189 New Market, Shop # 155,
Dhaka-1205, Bangladesh. They are financially solvent. Mr. F. M. Zinnat
Ali-Proprietor & CEO of the concern. The subject concern
is ok for normal business engagements. |
GENERAL COMMENTS
|
|
Based on the
financial statements, SC’s financial performance Below Average. SC has been in
its line of business for about 27 years. Taking into account its
long-standing history, reputation in the market, as well as its financial
condition. |
|
Adopted
Abbreviations: |
|||
|
NA- Not Available |
TK- Bangladeshi Taka |
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.38 |
|
UK Pound |
1 |
Rs.102.25 |
|
Euro |
1 |
Rs.84.97 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.