MIRA INFORM REPORT

Report No. :	325770
Report Date :	09.06.2015

IDENTIFICATION DETAILS

Name :	RAMNA TRADERS

Registered Office :	Sharif Mantion (6^th Floor), 56-57, Motijheel C/A, Dhaka-1000

Country :	Bangladesh

Year of Establishment :	2012

Legal Form :	Sole Proprietorships

Line of Business :	Subject is distributor, exporter and importer of potato, onion, garlic, rice, species

No. of Employee :	20

RATING & COMMENTS

MIRA’s Rating :

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 – December 31, 2014

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

Bangladesh

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, accounted for more than 80% of total exports and surpassed $18 billion in 2014. 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 $14 billion and 8% of GDP in 2014 - are the largest contributors to Bangladesh’s current account surplus and rising foreign exchange holdings.

Source : CIA

Company name

RAMNA TRADERS

IDENTIFICATION DETAILS

Correct company Name	:	RAMNA TRADERS
Head Office	:	Sharif Mantion (6^th Floor), 56-57, Motijheel C/A, Dhaka-1000, Bangladesh
Tel No	:	88-01718641851, 01746587445
Fax No	:	Nil
E-mail	:	jabedlasker@yahoo.com
Website	:	Nil
Date/ Year of Incorporation	:	2012
Trade Licence No.	:	02037223
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


Year	Turnover/ Sales	Assets	Income
July’ 12~June’ 13	BDT 82 Million	BDT 15.50 Million	BDT 2.50 Million
July’ 13~June’ 14	BDT 115 Million	BDT 18.35 Million	BDT 3.98 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. Zabid Hossain
Designation	:	Proprietor
Contract No	:	88-01718641851, 01746587445

*Locations Details*
Business Address	:	Sharif Mantion (6^th floor), 56-57, Motijheel C/A, Dhaka-1000, Bangladesh
Tel No	:	88-01718641851, 01746587445
Fax No	:	Nil
E-mail	:	jabedlasker@yahoo.com
Website	:	Nil

Location :

: Owned

Rented

Leased

Area

1200

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	:	Vomra land Port, Satkhira, Bangladesh
Tel No	:	Nil
Fax No	:	Nil

Location :

Owned

Rented

Leased

Area

5,000

Sq. ft.

Branches:
Address	:	Ramna Estate Complex (Buidling # 5, Flat # B2), Boro Moghbazar, Dhaka-1217, Bangladesh
Tel No	:	Nil
Fax No	:	Nil

Employee:

No. of Employees	In Office	:	13	Warehouse	:	2
	In Branch:	:	5	Total	:	20
Details:

Names of Proprietor

Mr. Zabid Hossain

Name

Mr. Zabid Hossain

Job Description

Proprietor

Nationality

Bangladeshi

Email address

N/A

Other details

N/A


Nature of Activity :	Manufacturer		Trader		Dealer	Distributor	Ö

	Exporter	Ö	Importer	Ö	Services	Others

Item Dealings In:

Products	:	Potato, Onion, Garlic, Rice, Species
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

Trade Reference & Related Parties

Overseas Clients

N/A

Local Clients

N/A

Overseas Suppliers

N/A

Local Suppliers

N/A

Trade Markets

Exports

Europe

Imports

India, China

Brand Name

Nil

Certified

Nil

Auditors

Nil

Operation Status

Active

Member

N/A

Capital Invested

BDT 10 Million

Assets

BDT 18.35 Million


Sister Concerns	:	A.S. T. Golden Line
Subsidiary	:	N/A
Name of The Group	:	Laskar Group

Bank Name

Islami Bank Bangladesh Ltd.

Bank Address

Head Office Complex

AD Branch Islami Bank Tower,

40 Dilkusha C/A, Dhaka-1000

Bangladesh

Tel: 88-02-9570910, 9570911,7166598,7114561,7123968

Fax: 88-02-9564532

Bank Name

Bangladesh Commerce Bank Limited

Bank Address

Principal Branch

19, Rajuk Avenue

Taranga Complex (Gr. Floor)

Motijheel C/A, Dhaka-1000

Bangladesh

Tel: 09613222001, 9561551, 9559831


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 Sharif Mantion (6th floor), 56-57, Motijheel CA, Dhaka-1000, Bangladesh. It is Situated at Commercial area.

Subject is mainly engaged in Importer & Distributors. The subject company maintains acceptable business volume. Based on the financial statements, SC’s financial performance appears to be Below Average.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.64.11
UK Pound	1	Rs.97.84
Euro	1	Rs.71.12

INFORMATION DETAILS

Analysis Done by :	SAN

Report Prepared by :	ASH

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.

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