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Report No. : |
310764 |
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Report Date : |
13.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
H. R. INTERNATIONAL |
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Registered Office : |
Shantinagar Plaza(3rd Floor), 124/4, Kakrail Dhaka-1000 |
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Country : |
Bangladesh |
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Date of Incorporation : |
22.12.2003 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importer & Distributor of Batteries Chemicals [NOTE: We tried to confirm / obtain the detailed activity but the same is not available from any sources.] |
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No of Employees : |
04 (03 in Office & 01 in Warehouse) |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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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 – 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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
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Correct
Concern Name |
: |
H. R. International |
|
Head
Office |
: |
Shantinagar Plaza(3rd Floor), 124/4, Kakrail
Dhaka-1000, Bangladesh |
|
Tel
No |
: |
88-8353187 |
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Fax
No |
: |
88-8357003 |
|
E-mail |
: |
|
|
Website |
: |
Nil |
|
Year
of Incorporation |
: |
22/12/2003 |
|
Trade License No. |
: |
0102524 |
|
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 |
FINANCIALS- SUMMARY
|
|||
|
Year |
Turnover/ Sales |
Assets |
Income |
|
July’ 12~June’ 13 |
BDT 22 Million |
BDT 8.50 Million |
BDT 0.45 Million |
|
July’ 13~June’ 14 |
BDT 39 Million |
BDT 10.20 Million |
BDT 0.70 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
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Name |
: |
Mr. Md. Monowar |
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Designation |
: |
Manager |
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Contact No |
: |
88-01624684820 |
Locations Details
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Business
Address |
: |
Shantinagar Plaza, (3rd Floor), 124/4, Kakrail
Dhaka-1000, Bangladesh |
|
Tel
No |
: |
88-8353187 |
|
Fax
No |
: |
88-8357003 |
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E-mail |
: |
|
|
Website |
: |
Nil |
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Location : |
: Owned |
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Rented |
Ö |
|
Leased |
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Area |
450 |
Sq. ft. |
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Type of Office : |
: Commercial Office Bldg. |
Ö |
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Semi-commercial
office Bldg. |
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Retail shop |
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Industrial Park |
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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 |
: |
Shantinagar Plaza, (3rd Floor), 124/4, Kakrail
Dhaka-1000, Bangladesh |
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Tel
No |
: |
Nil |
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Fax
No |
: |
Nil |
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Owned |
|
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Rented |
Ö |
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Leased |
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Area |
1050 |
Sq. ft. |
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Employee: |
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No.
of Employees |
In Office |
: |
3 |
Warehouse |
: |
1 |
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In Branch: |
: |
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Total
|
: |
4 |
||
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Names of Proprietor |
: |
Mr. Shubrata Paul |
|
Name |
: |
Mr. Md. Monowar |
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Job
Description |
: |
Manager |
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Nationality |
: |
Bangladeshi |
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Email
address |
: |
N/A |
|
Other
details |
: |
88-01624684820 |
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Nature
of Activity : |
Manufacturer |
Trader |
|
Dealer |
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Distributor |
Ö |
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|||||||
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Exporter |
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Importer |
Ö |
Services |
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Others |
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Item Dealings In: |
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||
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Products |
: |
Batteries Chemicals |
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Production
Capacity |
: |
N/A |
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Last Year Production |
: |
N/A |
Trading Terms:
|
Purchasing
Terms: |
L/C |
Ö |
Cash |
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Others |
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|||
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Credit
: |
|
30
days |
|
60
days |
Ö |
90
days |
|
|
days |
|
Selling
Terms : |
L/C |
|
Cash |
Ö |
Others |
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|||
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Credit
: |
Ö |
30
days |
|
60
days |
|
90
days |
|
|
days |
DETAILED DATA
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Trade Reference
& Related Parties |
: |
Overseas Clients |
: |
N/A |
Local Clients |
: |
N/A |
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Overseas Suppliers |
: |
N/A |
Local Suppliers |
: |
N/A |
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Trade Markets |
: |
Exports |
: |
N/A |
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Imports |
: |
India, China |
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Operation Status |
: |
Active |
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CAPITAL STRUCTURE
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Capital Invested |
: |
BDT 8 Million |
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Assets |
: |
BDT 10.20 Million |
|
Bank Name |
: |
NRB Commercial Bank
Limited |
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Bank Address |
: |
Principal Branch 114, Motijheel C/A,
Dhaka-1000, Bangladesh Fax: 88-02-9573421 |
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||
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Bank Name |
: |
Southeast Bank ltd. |
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Bank Address |
: |
Motijheel Branch
(Islamic Banking) 125, Motijheel C/A,
(1st Floor), Motijheel, Dhaka –
1000, Bangladesh Phone:88-02-
9567286, 9567202, 9567303, 9567262 Fax: 88 - 02 -
9567701 |
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Bank Name |
: |
Pubali Bank Ltd. |
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Bank Address |
: |
Santinagar Branch 17, Kakrail Road,
Dhaka-1000, Bangladesh Phone: 880 2
9335116 |
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Dishonored
Checks |
: |
No Record
Found |
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Debt |
: |
No Record Found |
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Litigation |
: |
Clear |
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Performance
Defaults |
: |
No Record
Found |
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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 Shantinagar
Plaza, (3rd Floor), 124/4, Kakrail Dhaka-1000, Bangladesh. It is Situated at
Commercial area. |
GENERAL COMMENTS
|
|
Subject is mainly
engaged in Importer & Distributor. The subject concern is very small
concern which we recommended that Credit should be extended under guarantee
in C.O.D to small amount. |
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Adopted
Abbreviations: |
|||
|
NA- Not Available |
TK- Bangladeshi Taka |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.57 |
|
UK Pound |
1 |
Rs.93.57 |
|
Euro |
1 |
Rs.65.95 |
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 |
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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.