MIRA INFORM REPORT
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Report No. : |
316006 |
|
Report Date : |
09.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
MESBAH ENTERPRISE |
|
|
|
|
Registered Office : |
Kansat Bazar P.S Shibganj,Chapainawabgonj |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Year of Establishment : |
2008 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Distributor and Importer of Onion,
Pesticides, Chemicals, Fruits. |
|
|
|
|
No. of Employees : |
5 |
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 |
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|
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Bangladesh |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
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 |
Executive
Summary
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IDENTIFICATION DETAILS |
||
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|
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|
Correct company Name |
: |
Mesbah Enterprise |
|
Head Office |
: |
Kansat Bazar P.S Shibganj,Chapainawabgonj Bangladesh |
|
Tel No |
: |
88-01713766187 |
|
Fax No |
: |
Nil |
|
E-mail |
: |
Nil |
|
Website |
: |
Nil |
|
Date/ Year of Established |
: |
2008 |
|
Trade License No |
: |
Nil |
|
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 |
FINANCIALS-
SUMMARY
|
Year |
Turnover/ Sales |
Assets |
Income |
|
July’
12~June’ 13 |
BDT 26
Million |
BDT
12.59 Million |
BDT
0.85 Million |
|
July’
13~June’ 14 |
BDT
37 Million |
BDT
14.35 Million |
BDT
1.62 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 |
|
FULLCHECK
REPORT DETAILS
|
Information Parted By |
||
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|
|
|
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Name |
: |
Mr. Md. Mesbahul
Islam |
|
Designation |
: |
Proprietor |
|
Contract No |
: |
N/A |
|
Locations Details |
||
|
Business Address |
: |
Kansat Bazar P.S Shibganj, Chapainawabgonj Bangladesh |
|
Tel No |
: |
88-01713766187 |
|
Fax No |
: |
Nil |
|
E-mail |
: |
Nil |
|
Website |
: |
Nil |
|
Location : |
: Owned |
|
Rented |
Ö |
|
Leased |
|
Area |
400 |
Sq. ft. |
|
Type of
Office : |
:
Commercial Office Bldg. |
|
|
Semi-commercial office Bldg. |
Ö |
|
|
Retail shop |
|
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Industrial Park |
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|
|
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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 |
: |
Kansat Bazar P.S Shibganj,Chapainawabgonj Bangladesh |
|
Tel No |
: |
Nil |
|
Fax No |
: |
Nil |
|
Owned |
|
|
Rented |
Ö |
|
Leased |
|
Area |
5000 |
Sq. ft. |
|
Branches: |
||
|
|
||
|
Address |
: |
Nil |
|
Tel No |
: |
Nil |
|
Fax No |
: |
Nil |
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Employee: |
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No. of Employees |
In Office |
: |
4 |
Warehouse |
: |
1 |
||
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In Branch: |
: |
|
Total |
: |
5 |
|||
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Details: |
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PROPRIETOR/PARTNERS
|
Names of
Proprietor |
: |
Mr. Md. Mesbahul Islam |
MANAGEMENT
|
Name |
: |
Mr. Md. Mesbahul
Islam |
|
Job Description |
: |
Proprietor |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
N/A |
|
Other details |
: |
N/A |
BUSINESS
OPERATIONS
|
Nature of Activity : |
Manufacturer |
Trader |
|
Dealer |
|
Distributor |
Ö |
|
|
|
|
|||||||
|
|
Exporter |
|
Importer |
Ö |
Services |
|
Others |
|
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Item Dealings In: |
||
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||
|
Products |
: |
Onion, Pesticides, Chemicals, Fruits. |
|
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 |
|
|||||
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Imports |
: |
India, China |
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|||||||
|
Brand Name |
: |
Nil |
||||||||
|
Certified |
: |
Nil |
||||||||
|
Auditors |
: |
Nil |
||||||||
|
Operation Status |
: |
Active |
||||||||
|
Member |
: |
N/A |
||||||||
CAPITAL
STRUCTURE
|
Capital Invested |
: |
BDT 9 Million |
|
Assets |
: |
BDT 14.35 Million |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
|
Sister Concerns |
: |
R M Agro |
|
Subsidiary |
: |
Nil |
|
Name of The Group |
: |
N/A |
BANKING
|
Bank Name
|
: |
Islami Bank
Bangladesh Ltd. |
|
Bank Address |
: |
Chapai NawabgonjAD Branch Mohiuddin Mansion,Holding No.134 Godagari Road (Baten kha Moar), Chapai Nawabganj, Bangladesh Phone: 88-(0781) 55348, 61138 |
|
|
||
|
Bank Name
|
: |
Uttara Bank Ltd. |
|
Bank Address |
: |
Chapainawabgonj Branch Chapainawabgonj-6300, Bangladesh Tel: 880-781-5558 |
|
|
|
|
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Bank Name
|
: |
Standard Bank Ltd. |
|
Bank Address |
: |
Chapainawabgonj Branch Chapainawabgonj, 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
|
Our representative visited the subject company
Head Office which is situated at Kansat Bazar P.S Shibganj, Chapainawabgonj
Bangladesh. It is situated at Semi-Commercial area. |
GENERAL
COMMENTS
|
Subject is mainly engaged in Importer
& Distributor. Their products are popular to the local customers &
their goodwill grows up day by day. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.33 |
|
|
1 |
Rs.92.53 |
|
Euro |
1 |
Rs.67.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIT |
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.