MIRA INFORM REPORT

 

PRELIMINARY REPORT

 

 

Report Date :

11.11.2014

 

IDENTIFICATION DETAILS

 

Name :

NEW PEOPLES JUTE FIBRES

 

 

Registered Office :

53,  S, G. Road, Sitalakhaya, Narayanganj

 

 

Country :

Bangladesh

 

 

Year of Incorporation :

2006

 

 

Legal Form :

Proprietorship

 

 

Line of Business :

Exporter of Raw Jute

 

 

No. of Employees :

16

 

 

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 31st, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

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

COMPANY DETAILS

 

Name

New Peoples Jute Fibres

Address

53,  S, G. Road, Sitalakhaya, Narayanganj

Country

Bangladesh

Telephone No

880-2-9715903

Fax No

880-2-9715639

E-Mail

NIL

Website

NIL

Established

2006

Legal Status

Proprietorship

Business Type

Exporter 

Status

Satisfactory

Payment Behavior

No complaints have been heard regarding payments from local suppliers or banks.

 

 

LOCATIONS

 

Head Office

53,  S, G. Road, Sitalakhaya, Narayanganj

Telephone No

880-2-9715903

Fax No

880-2-9715639

E-Mail

NIL

Website

NIL

Branch

NIL

Factory

N/A

Factory Telephone No

N/A

Factory Fax No

N/A

Warehouse

53,  S, G. Road, Sitalakhaya, Narayanganj

 

 

PROPRIETOR

 

Name

Mr. Azizl Islam

Designation

Proprietor

Nationality

Bangladeshi

 

BUSINESS DETAILS

 

Line of Business

Exporter

Items Dealing In

Raw Jute

Terms of Purchase

Local: Cash or Credit

Terms of Sale

Export: Against L/C

 

 

BANKERS

 

Name

One Bank Limited 

Branch

Narayanganj Branch

Address

Narayanganj

SWIFT

N/A

 

 

FINANCIAL INFORMATION

 

Year

2011

2010

 

2009

Investment

Tk.15 million

Tk.13 million

Tk.13 million

Turnover

Tk.90 million

Tk.88.4 million

Tk.88 million

Liability

NIL

NIL

NIL

Assets

Tk.20 million

Tk.18 million

Tk.18 million

 

 

CAPITAL STRUCTURE

 

Authorized Capital

N/A 

Paid Up Capital

N/A

Each Share Value

N/A

 

 

CURRENCY EXCHANGE RATE

 

Currency

Unit

Bangladeshi Taka (BDT)

 

Great Britain Pound

1

119.0972

U.S Dollar

1

77.7600

European Euro

1

101.7334

 

 

ADVERSE DATA MONITORING

 

Dishonored Checks

No Found

Debt

No Found

Litigation

No Records Found

Performance Defaults

No Records Found

Adverse Press Coverage

No Records Found

Money Laundering

No Records Found

 

 

GENERAL INFORMATION

 

Employees

16

Office Area (Sq. Ft)

1,300 sq.ft (rented)

Factory Area (Sq. Ft)

N/A

Warehouse Area (Sq. Ft)

2,600 sq.ft. (rented)

Range of Products

4 Raw Jute

Export Market

4 Russia

4 Turkey

4 India

4 Pakistan

Certifications

NIL

Group Name

NIL

Subsidiaries / Affiliates

NIL

Member

4 Narayanganj Chamber of Commerce & Industries

4 Bangladesh Jute Exporter Association, Dhaka 

 

 

BUSINESS TREND & PROSPECT

 

Business Scale           

Medium

Business Trend

Growing

Management Capability

Good

Reputation

Good

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.45

UK Pound

1

Rs.97.76

Euro

1

Rs.76.68

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIT

 

 

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