MIRA INFORM REPORT

 

 

Report No. :

505185

Report Date :

26.04.2018

 

 

IDENTIFICATION DETAILS

 

Name :

RISHAD FOOD PRODUCTS

 

 

Registered Office :

Bisic Shilpo Nagari, Saidpur, Nilphamari

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

20.07.2017

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Manufacturer, Distributor and Importer of Soya Chunk      

 

 

No. of Employees :

7

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

NB

 

Credit Rating

 

Explanation

Rating Comments

NB

New Business

No recommendation can be done due to business in infancy stage

 

Status :

New Business

 

 

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.

 

 

 

IDENTIFICATION DETAILS

Correct company Name

:

RISHAD FOOD PRODUCTS

Head Office

:

Bisic Shilpo Nagari, Saidpur, Nilphamari, Bangladesh

Tel No

:

88-01721702264, 01717572839

Fax No

:

Nil

E-mail

:

rubelhossain1212@gmail.com

Website

:

Nil

Date/ Year of Establishment

:

20.07.2017

Trade License No

:

00549(1)

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

 

 

Other Registry & Certification Details

 

 

Taxpayer’s Identification No (TIN)

:

257389605855

Date of Registration

:

N/A

Issuing Authority

:

National Board of Revenue

 

 

 

Value Added Tax(BIN) No

:

000282695

Date of Registration

:

08.06.2017

Issuing Authority

:

National Board of Revenue

 

 

 

Import Registration Certificate  No

:

Ba-205732

Date of Registration

:

22.04.2018

 

Issuing Authority

:

Chief Controller of  Import & Export (CCIE)

 

 

FINANCIALS- SUMMARY

 

      Year

Turnover/ Sales

 Assets

     Income

30th June, 2017

N/A

N/A

N/A

 

 

 

 

 

 

 

FULLCHECK REPORT DETAILS

 

                                                             Information Parted By

Name

:

Mr. Rubel Hossain

Designation

:

Proprietor

Contract No

:

88-01721702264, 01717572839

 

                                                               Locations Details

Business Address

:

Bisic Shilpo Nagari, Saidpur, Nilphamari, Bangladesh

Tel No

:

88-01721702264, 01717572839

Fax No

:

Nil

E-mail

:

rubelhossain1212@gmail.com

Website

:

Nil

 

Location :

: Owned

 

 

Rented

Ö

 

Leased

 

Area

1200

Sq. ft.

 

 

Type of Office :

  :       Commercial Office Bldg.

 

 

Semi-commercial Area.

Ö

     

 

Retail shop

 

 

Industrial Park

 

     

 

 

Business Center

 

 

Home Office

 

     

 

 

Residential Bldg.

 

 

 

 

 

 

Factory:

 

Address

:

Bisic Shilpo Nagari, Saidpur, Nilphamari, Bangladesh

Tel No

:

Nil

Fax No

:

Nil

 

Location :

   Owned

 

 

Rented

Ö

 

Leased

 

Area

3000

Sq. ft.

 

Employee:

 

 

 

No. of Employees 

 

In Office

:

2

Warehouse

:

N/A

Sales

:

5

Total

:

7

 

 

PROPRIETOR

Names of Proprietor

:

Mr. Rubel Hossain

 

 

MANAGEMENT

 

Name

:

Mr. Rubel Hossain

Job Description

:

Proprietor

Nationality

:

Bangladeshi

Email address

:

rubelhossain1212@gmail.com

Other details

:

88-01721702264, 01717572839

 

 

BUSINESS OPERATIONS

 

Nature of Activity    :

Manufacturer

Ö

Trader

 

Dealer

 

Distributor

Ö

 

 

 

Exporter

 

Importer

Ö

Services

 

Others

 

 

Item Dealings In:

 

Products

:

Soya Chunk      

Import Products

:

N/A

Export products

:

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

:

N/A

Certified

:

N/A

Auditors

:

N/A

Operation Status

:

Active

 

 

CAPITAL STRUCTURE

 

Capital Invested

:

BDT 7 Million

 

 Assets

:

N/A

 

 

 

 

 

 

 

 

 

ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES

 

 

Name of  The Group

:

Nil

 

Name of Mother Company

:

Nil

 

Subsidiary

:

Nil

 

Sister Concerns

:

Nil

 

 

 

 

 

BANKING

 

 

 

Bank Name  

:

Islami Bank  Bangladesh Ltd

 

Bank Address

:

Saidpur Branch 

Dinajpur Road, Saidpur, Nilphamari, Bangladesh

Tel: 88-05526-72529, 88098, 01711438340

Fax: 88-05526-73122

 

 

 

 

 

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 Bisic Shilpo Nagari, Saidpur, Nilphamari, Bangladesh. It’s situated in a Semi-commercial Area.

 

 

GENERAL COMMENTS

The subject company is engaged in the activities of Manufacturer, Importer & Distributer. It is not yet one year the company has started their journey.

 

 

 

 

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 66.70

UK Pound

1

INR 93.14

Euro

1

INR 81.43

BDT

1

INR 0.79

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

PRI

 

 

Report Prepared by :

TPT

 

 

RATING EXPLANATIONS

 

Credit Rating

 

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

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)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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