MIRA INFORM REPORT

Report Date :

31.05.2014

IDENTIFICATION DETAILS

Name :	ICDDR, B (INTERNATIONAL CENTRE FOR DIARRHOEAL DISEASE RESEARCH, BANGLADESH)
Registered Office :	68 Shahid Tajuddin Ahmed Sarani Mohakhali (GPO Box 128, Dhaka 1000), Dhaka-1212,
Country :	Bangladesh
Year of Establishment :	1960
Legal Form :	Organization
Line of Business :	Providing Hospital Service and Training to Public health scientists, laboratory scientists, clinicians, nutritionists, epidemiologists, demographers, social and behavioral scientists, IT professionals, and Experts in emerging and re-emerging infectious Diseases and vaccine sciences.
No of Employees :	575

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 :	Unknown
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 31, 2014

Country Name	Previous Rating (31.12.2013)	Current Rating (31.03.2014)
Bangladesh	B1	B1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately 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	:	ICDDR, B (International Centre for Diarrhoeal Disease Research, Bangladesh)
Head Office	:	68 Shahid Tajuddin Ahmed Sarani Mohakhali (GPO Box 128, Dhaka 1000), Dhaka-1212, Bangladesh.
Tel No	:	88-02- 9827001-10
Fax No	:	88-02-9827075, 9827077
E-mail	:	director@icddrb.org procurement@icddrb.org info@icddrb.org
Website	:	www.icddrb.org
Date/ Year of Incorporation	:	1960
Incorporation No.	:	N/A
Legal Form (General)	:	Organization Public (but not listed) Private Co State-owned Co Sole Proprietorships Partnership Not Registered others (please specify) ________________
Legal form (Specific)	:	LTD CORP INC N/A others (please specify) ________________
Issuing Authority	:	Ministry Of Health, Bangladesh. City Corporation Municipal Administration Union Council Cantonment Board Chief Controller of Import & Export (CCIE)

FINANCIALS- SUMMARY

Year	Turnover/ Sales	Assets	Income
July’ 12~June’ 13	N/A	N/A	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. M. A. Motin
Designation	:	Director.
Contract No	:	-

Locations Details

Operating Address	:	68 Shahid Tajuddin Ahmed Sarani Mohakhali (GPO Box 128, Dhaka 1000), Dhaka-1212, Bangladesh.
Tel No	:	88-02- 9827001-10
Fax No	:	88-02-9827075, 9827077
E-mail	:	director@icddrb.org procurement@icddrb.org info@icddrb.org
Website	:	www.icddrb.org

Location :

: Owned

Ö

Rented

Leased

Area

4500

Sq. ft.

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

Warehouse:
Address	:	N/A
Tel No	:	N/A
Fax No	:	N/A

Branches:
Address	:	N/A
Tel No	:	N/A
Fax No	:	N/A

Employee:
No. of Employees	In Office	:	575	In Factory	:	-
	In Branch:	:	-	Total	:	575
Details:

Board of trustees

:

Chairperson Dr. Richard S W Smith, UK Member-Secretary (ex-officio) Prof John D Clemens, USA Executive Director, icddr,b Members Dr. Mary Elizabeth Wilson, USA Dr. Norma Binsztein, Argentina Prof N K Ganguly, India Mr. M M Neazuddin, Bangladesh Prof Dr Md Suhrab Ali, Bangladesh Mr. Mohammad Mejbahuddin, Bangladesh Prof Zulfiqar Ahmed Bhutta, Pakistan Prof Ann Marie Svennerholm, Sweden Dr. Jeannette Vega, Chile Mr. Sanjay Wijesekera, UNICEF, USA Dr. Somsak Chunharas, Thailand Prof Zhongwei Zhao, China Mr. Kenneth M Dye, Canada Dr. Maxine Whittaker, Australia Mr. Rajesh Agrawal, India (Observer)

Name	:	Mr. M. A. Motin
Job Description	:	Director.
Nationality	:	Bangladeshi.
Email address	:	N/A
Other details	:	N/A

Nature of Activity :	Hospital Service	Ö	Trader	Training	Ö	Distributor
	Exporter		Importer	Services		Others

Item Dealings In:
Products	:	Public health scientists, laboratory scientists, clinicians, nutritionists, epidemiologists, demographers, social and behavioral scientists, IT professionals, and Experts in emerging and re-emerging infectious Diseases and vaccine sciences.
Production Capacity	:	N/A
Last Year Production	:	N/A

Trading Terms:

Purchasing Terms:	L/C	Cash	Others
	Credit :	30 days	60 days	90 days	days

Selling Terms :	L/C	Cash	Others
	Credit :	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			:	N/A
Brand Name			:	N/A
Certified			:	N/A
Auditors			:	N/A
Operation Status			:	Active.
Member			:	N/A

Capital Invested	:	N/A
Assets	:	N/A

\

Sister Concerns	:	N/A
Subsidiary	:	N/A
Name of The Group	:	N/A

Bank Name	:	Standard Chartered Bank
Bank Address	:	Banani Branch 14 Kemal Ataturk Avenue, Banani

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 Head office which is situated at 68 Shahid Tajuddin Ahmed Sarani Mohakhali (GPO Box 128, Dhaka 1000), Dhaka-1212, Bangladesh. The subject company Director Mr. M. A. Motin given us all information. Is situated at commercial area which is a well decorated modern office.

Established in 1960, Subject is mainly engaged in Hospital Services & Training. Having been in operation for several years, Subject maintains acceptable business volume. Subject enjoys some recognition and impact in the line.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.03
UK Pound	1	Rs.98.91
Euro	1	Rs.80.33

INFORMATION DETAILS

Analysis Done by :	KAR
Report Prepared by :	SHG

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%)

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