MIRA INFORM REPORT

Report Date :

02.01.2015

IDENTIFICATION DETAILS

Name :	S N MOTOR
Registered Office :	R N Road, Jessore
Country :	Bangladesh
Year of Establishments :	2001
Legal Form :	Sole Proprietorship
Line of Business :	Engaged as Seller & importer of Motor Parts & Scrape [We tried to confirm / obtain the detailed activity but the same is not available from any sources.]
No of Employees :	03 (2 in Office & 01 in Warehouse)

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, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
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

IDENTIFICATION DETAILS
Correct concern Name	:	S N Motor
Head Office	:	R N Road, Jessore, Bangladesh
Tel No	:	88-01711385237, 019120197016
Fax No	:	Nil
E-mail	:	Nil
Website	:	Nil
Year of Incorporation	:	2001
Tread License No.	:	N/A
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’ 12~June’ 13	BDT 15 Million	BDT 7.50 Million	BDT 0.75 Million
July’ 13~June’ 14	BDT 21 Million	BDT 9.50 Million	BDT 0.97 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. Moshiur Rahman
Designation	:	Proprietor

Locations Details
Business Address	:	R N Road, Jessore, Bangladesh
Tel No	:	88-01711385237, 019120197016
Fax No	:	N/A
E-mail	:	Nil
Website	:	Nil

Location :

: Owned

Rented

Ö

Leased

Area

750

Sq. ft.

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

Warehouse:
Address	:	R N Road, Jessore, Bangladesh
Tel No	:	N/A
Fax No	:	N/A

Location :

Owned

Rented

Ö

Leased

Area

1600

Sq. ft.

Employee:
No. of Employees	In Office	:	2	Warehouse	:	1
	In Branch:	:		Total	:	3

PROPRIETOR/PARTNERS
Names of Proprietor	:	Mr. Moshiur Rahman

MANAGEMENT
Name	:	Mr. Moshiur Rahman
Job Description	:	Proprietor
Nationality	:	Bangladeshi
Email address	:	N/A
Other details	:	N/A

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

Item Dealings In:
Products	:	Motor Parts & Scrape
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			:	Nil
Certified			:	Nil
Auditors			:	Nil
Operation Status			:	Active
Member			:	N/A

CAPITAL STRUCTURE
Capital Invested	:	BDT 6 Million
Assets	:	BDT 9.15 Million

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

BANKING

Bank Name	:	Mercantile Bank Ltd.
Bank Address	:	Jessore Branch A. Ali Complex 45, R. N. Road, Jessore Phone: 0421-62933 Fax: 88-0421-65392

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 concern Head Office which is situated at R N Road, Jessore, Bangladesh. It is situated at commercial area & their office is rental shop.

GENERAL COMMENTS

SC is considered small-sized in its line of business.

Adopted Abbreviations:
NA- Not Available	TK- Bangladeshi Taka

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.32
UK Pound	1	Rs.98.64
Euro	1	Rs.76.60

INFORMATION DETAILS

Analysis Done by :	RAS
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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.