MIRA INFORM REPORT

Report Date :

17.01.2014

IDENTIFICATION DETAILS

Name :	MAAMONI IMPEX.
Registered Office :	C.P. Road, Bangla Hili, Hakimpur, Dinajpur
Country :	Bangladesh
Year of Establishments:	2002
Legal Form :	Sole Proprietorship
Line of Business :	Importer of Agricultural commodities.
No. of Employees :	03

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 :	Slow
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	:	Maamoni Impex.
Head Office	:	C.P. Road, Bangla Hili, Hakimpur, Dinajpur, Bangladesh.
Tel No	:	88-01191132838, 01712038014
Fax No	:	Nil
E-mail	:	maamoniimpex2012@gmail.com
Website	:	Nil
Date/ Year of Incorporation	:	2002
Incorporation No.	:	-
Legal Form (General)	:	Public Listed Co Public (but not listed) Private Co State-owned Co Sole Proprietorship 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. 25 Million	Tk. 14.5 Million	Tk. 2.50 Million
July’ 12~June’ 13	Tk. 32 Million	Tk. 15 Million	Tk. 3.10 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. Saiful Islam.
Designation	:	Manager.
Contract No	:	88-01196099875

Locations Details
Operating Address	:	C.P. Road, Bangla Hili, Hakimpur, Dinajpur, Bangladesh.
Tel No	:	88-01191132838, 01712038014
Fax No	:	Nil
E-mail	:	maamoniimpex2012@gmail.com
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	:	C.P. Road, Bangla Hili, Hakimpur, Dinajpur, Bangladesh.
Tel No	:	88-01191132838, 01712038014
Fax No	:	Nil

Employee:
No. of Employees	In Office	:	3	In Factory	:	-
	In Branch:	:	-	Total	:	3
Details:

PROPRIETOR/PARTNERS
Names of Proprietor	:	Mr. Azizul Islam Rentu.

MANAGEMENT
Name	:	Mr. Saiful Islam.
Job Description	:	Manager.
Nationality	:	Bangladeshi.
Email address	:	N/A
Other details	:	88-01196099875

BUSINESS OPERATIONS

Nature of Activity :	Sellers	Ö	Trader		Dealer	Distributor
	Exporter		Importer	Ö	Services	Others

Item Dealings In:
Products	:	Agricultural commodities.
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			:	China, India.
Brand Name			:	N/A
Certified			:	N/A
Auditors			:	N/A
Operation Status			:	Active.
Member			:	N/A

CAPITAL STRUCTURE
Capital Invested	:	Tk. 10 Million
Assets	:	Tk. 15 Million

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

BANKING

Bank Name	:	Agrani Bank Ltd.
Bank Address	:	Hakimpur Branch, Dinajpur, Bangladesh.

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

SITE VISIT COMMENTARY

The subject concern Office which is situated at C.P. Road, Bangla Hili, Hakimpur, Dinajpur, Bangladesh. They get good support from their bank & they are financially solvent.

Mr. Azizul Islam Rentu-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 12 years.
Adopted Abbreviations:
NA- Not Available	TK- Bangladeshi Taka

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.53
UK Pound	1	Rs.100.73
Euro	1	Rs.83.84

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%)

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.