MIRA INFORM REPORT
|
Report No. : |
346730 |
|
Report Date : |
24.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
PROMINENT |
|
|
|
|
Registered Office : |
22/C, Amirbag, Mehedibag, Chittaong |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
1995 |
|
|
|
|
Legal Form : |
Sole Proprietorships |
|
|
|
|
Line of Business : |
Distributor & Importer of Automobiles Engineering Spare parts |
|
|
|
|
No. of Employee : |
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 : |
Small Company |
|
Payment Behaviour : |
Slow but correct |
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Bangladesh |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXECUTIVE
SUMMARY
|
|
||
|
Correct company Name |
: |
PROMINENT |
|
Head Office |
: |
22/C, Amirbag, Mehedibag, Chittaong, Bangladesh |
|
Tel No |
: |
88-01670457311 |
|
Fax No |
: |
Nil |
|
E-mail |
: |
mizan648@live.com |
|
Website |
: |
Nil |
|
Date/ Year of Establishment |
: |
1995 |
|
Tax Identification No. |
: |
371360468084 |
|
Vat No. |
: |
24041235533 |
|
Import Registration Certification No. |
: |
BA-0230638 |
|
Trade License No. |
: |
149609 |
|
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’ 13~June’ 14 |
BDT 25 Million |
BDT 8.59
Million |
BDT 0.85
Million |
|
July’ 14~June’ 15 |
BDT 39
Million |
BDT 9.71
Million |
BDT 1.10
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 |
||
|
|
|
|
|
Name |
: |
Mr. Nasim Uddin |
|
Designation |
: |
Proprietor |
|
Contract No |
: |
N/A |
|
Locations Details |
||
|
|
||
|
Business Address |
: |
22/C, Amirbag, Mehedibag, Chittaong, Bangladesh |
|
Tel No |
: |
88-01670457311 |
|
Fax No |
: |
Nil |
|
E-mail |
: |
mizan648@live.com |
|
Website |
: |
Nil |
|
Location : |
: Owned |
|
Rented |
Ö |
|
Leased |
|
Area |
500 |
Sq. ft. |
|
Type of Office :
|
: Commercial Office Bldg. |
|
|
Semi-commercial office Bldg. |
Ö |
|
|
Retail shop |
|
|
Industrial Park |
|
|
|
|
Business Center |
|
|
Home Office |
|
|
|
|
Residential Bldg. |
|
|
|
|
|
|
Warehouse: |
||
|
|
||
|
Address |
: |
22/C, Amirbag, Mehedibag, Chittaong,
Bangladesh |
|
Tel No |
: |
Nil |
|
Fax No |
: |
Nil |
|
Owned |
|
|
Rented |
Ö |
|
Leased |
|
Area |
1200 |
Sq. ft. |
|
Branches: |
||
|
Address |
: |
Nil |
|
Tel No |
: |
Nil |
|
Fax No |
: |
Nil |
|
Employee: |
|
|||||||
|
|
|
|||||||
|
No. of
Employees |
In Office |
: |
4 |
Warehouse |
: |
1 |
||
|
In Branch: |
: |
|
Total |
: |
5 |
|||
|
Details: |
|
|
|
|||||
PROPRIETOR/PARTNERS
|
Names of
Proprietor |
: |
Mr. Nasim Uddin |
MANAGEMENT
|
Name |
: |
Mr. Nasim Uddin |
|
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 |
|
|
Item Dealings
In: |
||
|
|
||
|
Products |
: |
Automobiles Engineering Spare parts |
|
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, China |
|
|||||||
|
Brand Name |
: |
Nil |
||||||||
|
Certified |
: |
Nil |
||||||||
|
Auditors |
: |
Nil |
||||||||
|
Operation Status |
: |
Active |
||||||||
|
Member |
: |
N/A |
||||||||
CAPITAL
STRUCTURE
|
Capital
Invested |
: |
BDT 7 Million |
|
Assets |
: |
BDT 9.71 Million |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
|
Sister Concerns |
: |
N/A |
|
Subsidiary |
: |
N/A |
|
Name of The Group |
: |
N/A |
BANKING
|
Bank Name |
: |
Arab Bangladesh Bank Ltd. |
|
Bank Address |
: |
CDA Avenue Branch BMA Bhaban (Ground Floor), 1367 CDA Avenue East Nasirabad, Chittagong, Bangladesh Tel: 88-031-651048, 654368 Fax: 88-031-651048 |
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 22/C, Amirbag, Mehedibag, Chittaong, Bangladesh. It is Situated at
Semi-Commercial area. |
GENERAL
COMMENTS
|
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.64.88 |
|
|
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SDA |
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.