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MIRA INFORM REPORT
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Report No. : |
499260 |
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Report Date : |
18.04.2018 |
IDENTIFICATION DETAILS
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Name : |
SIRAJ MOTORS |
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Registered Office : |
6, North Brook Hall Road, Bangla Bazaar,Dhaka-1100 |
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Country : |
Bangladesh |
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Date of Incorporation : |
23.08.2010 |
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Legal Form : |
Sole Proprietorships |
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Line of Business : |
Sellers and Importer of Various Motor Parts |
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No. of Employees : |
3 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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
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Country Name |
Previous
Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Bangladesh |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
BANGLADESH - ECONOMIC OVERVIEW
Bangladesh's economy has grown roughly 6% per year since 1996 despite
prolonged periods of political instability, poor infrastructure, endemic
corruption, insufficient power supplies, and slow implementation of economic
reforms. Although more than half of GDP is generated through the services
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 were on track to again surpass
$25 billion in 2017. The sector continues to grow, despite the need for
improvements in factory working conditions to avert further high-profile
accidents that have killed more than 1,000 workers in recent years. Steady
export growth in the garment sector combined with remittances from overseas
Bangladeshis - which totaled about $13 billion and 6% of GDP in 2016 - are key
contributors to Bangladesh's sustained economic growth and rising foreign
exchange reserves.
The recent influx of hundreds of millions of additional refugees from
Burma will place pressure on the Bangladeshi government’s budget and the
country’s rice supplies, which declined in 2017 in part because of adverse
weather.
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Source
: CIA |
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Previous Address |
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52, North Brook Hall Road, Banglabazar Dhaka |
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IDENTIFICATION DETAILS
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Correct company Name |
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SIRAJ MOTORS |
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Head Office |
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6, North Brook Hall Road, Bangla Bazaar,Dhaka-1100, Bangladesh |
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Tel No |
: |
88-02-9575679, 9511683,
01711-043383,01715410820, 01971043383 |
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Fax No |
: |
Nil |
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E-mail |
: |
sirajmotors57@gmail.com |
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Website |
: |
Nil |
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Date/ Year of Establishment |
: |
23.08.2010 |
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Trade License No |
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0408318(issue Date: 31.07.2013) |
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Legal Form (General) |
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Public Listed Co Public (but not listed) Private Co State-owned Co Sole Proprietorships Partnership Not Registered others (please specify)
________________ |
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Legal form (Specific) |
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LTD CORP INC CO others (please specify)
________________ |
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Issuing Authority |
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Registrar of
Joint Stock Companies & Firms
Dhaka South City Corporation Municipal Administration Union Council Cantonment Board
Chief Controller of Import & Export |
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Other
Registry & Certification Details
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Taxpayer’s
Identification No (TIN) |
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218493448391/circle-7(zone:141) |
Date of Registration |
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N/A |
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Issuing
Authority |
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National Board of Revenue |
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Value Added Tax(VAT) No |
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21251040230/Area Code:210701 |
Date of Registration |
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Issuing
Authority |
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National Board of Revenue |
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Import
Registration Certificate No |
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Ba-0209782 |
Date of Registration |
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12.12.2010 |
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Issuing
Authority |
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Chief Controller of Import & Export (CCIE) |
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FINANCIALS- SUMMARY
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Year |
Turnover/
Sales |
Assets |
Income |
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30th June’ 2017 |
BDT |
BDT |
BDT |
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Note |
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Based on the corporate laws legal entities
which are Association of Persons are not required to make public disclosure
of their annual financials. Therefore no financials are available for this
entity. |
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FULLCHECK
REPORT DETAILS
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Information Parted By |
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Name |
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Mr. Md. Rana Khan(Masud) |
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Designation |
: |
Proprietor |
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Contract No |
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01711-043383,01715410820, 01971043383 |
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Locations Details |
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Business Address |
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6, North Brook Hall Road, Bangla Bazaar,Dhaka-1100, Bangladesh |
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Tel No |
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88-02-9575679, 9511683, 01711-043383,01715410820,
01971043383 |
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Fax No |
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Nil |
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E-mail |
: |
sirajmotors57@gmail.com |
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Website |
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Nil |
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Location : |
: Owned |
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Rented |
Ö |
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Leased |
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Area |
150 |
Sq. ft. |
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Type of Office :
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: Commercial Office Bldg. |
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Semi-commercial office Bldg. |
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Retail shop |
Ö |
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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 |
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6, North Brook Hall Road, Bangla
Bazaar,Dhaka-1100,
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 |
800 |
Sq. ft. |
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Branch Address: |
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Address |
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Nil |
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Tel No |
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Nil |
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Fax No |
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Nil |
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Employee: |
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No. of
Employees |
In Office |
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1 |
Warehouse |
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N/A |
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Sales |
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2 |
Total |
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3 |
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PROPRIETOR
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Names of
Proprietor |
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Mr. Md. Rana Khan(Masud) |
MANAGEMENT
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Name |
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Mr. Md. Rana Khan(Masud) |
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Job Description |
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Proprietor |
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Nationality |
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Bangladeshi |
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Email address |
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sirajmotors57@gmail.com |
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Other details |
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01711-043383,01715410820, 01971043383 |
BUSINESS
OPERATIONS
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Nature of
Activity : |
Manufacturer |
Trader |
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Dealer |
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Sellers |
Ö |
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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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Products |
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Various Motor Parts |
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Import Products |
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N/A |
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Export products |
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N/A |
Trading Terms:
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Purchasing
Terms: |
L/C |
Ö |
Cash |
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Others |
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Credit : |
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30 days |
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60 days |
Ö |
90 days |
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days |
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Selling
Terms : |
L/C |
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Cash |
Ö |
Others |
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Credit : |
Ö |
30 days |
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60 days |
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90 days |
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days |
DETAILED
DATA
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Trade Reference & Related Parties |
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Overseas Clients |
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N/A |
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Local Clients |
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Local whole sellers |
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Overseas Suppliers |
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N/A |
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Local Suppliers |
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N/A |
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Trade Markets |
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Exports |
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N/A |
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Imports |
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India |
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Brand Name |
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N/A |
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Certified |
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N/A |
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Auditors |
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N/A |
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Operation Status |
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Active |
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CAPITAL
STRUCTURE
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Capital
Invested |
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BDT 5 Million |
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Assets |
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N/A |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
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Name of The Group |
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Nil |
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Name of Mother Company |
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Nil |
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Subsidiary |
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Nil |
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Sister Concerns |
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Nil |
BANKING
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Bank Name |
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Bangladesh Commerce Bank Ltd. |
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Bank Address |
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Bangla Bazar Branch 52, North Brook Hall Road,Banglabazar, Dhaka-1100.
Tel: 88-09613221301-3,47115256,47119034 Fax:88-02-7121878 A/C No: 01321000938 |
ADVERSE
DATA MONITORING
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Dishonored
Checks |
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No Record Found |
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Debt |
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No Record Found |
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Litigation |
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Clear |
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Performance
Defaults |
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No Record Found |
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Adverse Local
Media Coverage/ Adverse Filling History |
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No Record Found |
GENERAL
COMMENTS
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Subject is mainly engaged in Importer & Distributor. The subject
company is very small company. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.61 |
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1 |
INR 94.21 |
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Euro |
1 |
INR 81.32 |
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BDT |
1 |
INR 0.78 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.