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MIRA INFORM REPORT
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Report No. : |
489461 |
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Report Date : |
02.02.2018 |
IDENTIFICATION DETAILS
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Name : |
R.R.P AGRO FARMS |
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Registered Office : |
College Road, Ishordi, Pabna |
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Country : |
Bangladesh |
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Date of Incorporation : |
2013 |
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Legal Form : |
Partnership |
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Line of Business : |
Manufacturer, Distributor and Importer of Poultry, Dairy & Fish Feed |
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No. of Employees : |
200 |
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 : |
Slow but correct |
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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 (30.06.2017) |
Current Rating (30.09.2017) |
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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 surpassed $25 billion in 2016.
The sector continues to grow, despite a series of high-profile factory
accidents that have killed more than 1,000 workers and crippling strikes,
including a nationwide transportation blockade orchestrated by the political
opposition during the first several months of 2015. Steady export growth in the
garment sector combined with remittances from overseas Bangladeshis - which
totaled about $15 billion and 8% of GDP in 2015 - are key contributors to
Bangladesh's sustained economic growth and rising foreign exchange reserves.
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Source
: CIA |
IDENTIFICATION DETAILS
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Correct company Name |
: |
R.R.P AGRO FARMS |
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Head Office |
: |
College Road, Ishordi, Pabna, Bangladesh |
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Tel No |
: |
88-07326-63196 |
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Fax No |
: |
Nil |
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E-mail |
: |
rafiquemedicine@yahoo.com |
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Website |
: |
Nil |
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Date/ Year of Establishment |
: |
2013 |
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Trade License No |
: |
Nil |
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Legal Form (General) |
: |
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) |
: |
LTD CORP INC CO others (please specify)
________________ |
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Issuing Authority |
: |
Registrar of
Joint Stock Companies & Firms
City Corporation Municipal Administration Union Council Cantonment Board Chief Controller of Import & Export |
FINANCIALS- SUMMARY
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Year |
Turnover/
Sales |
Assets |
Income |
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30th June’ 2016 |
BDT 137 Million |
BDT 12.63 Million |
BDT 5.98 Million |
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30th June’ 2017 |
BDT 89 Million |
BDT 10.25 Million |
BDT 2.80 Million |
FULLCHECK
REPORT DETAILS
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Information Parted By |
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Name |
: |
Mr. Md. Azmol
Hossain |
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Designation |
: |
Manager
(Marketing) |
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Contract No |
: |
88-01716-902117 |
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Locations Details |
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Business Address |
: |
College Road, Ishordi, Pabna, Bangladesh |
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Tel No |
: |
88-07326-63196 |
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Fax No |
: |
Nil |
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E-mail |
: |
rafiquemedicine@yahoo.com |
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Website |
: |
Nil |
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Location : |
: Owned |
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Rented |
Ö |
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Leased |
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Area |
1800 |
Sq. ft. |
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Type of Office : |
:
Commercial Office Bldg. |
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Semi-commercial
office Bldg. |
Ö |
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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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Factory: |
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Address |
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Ishordi, Arkandi, Pabna, Bangladesh. |
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Tel No |
: |
Nil |
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Fax No |
: |
Nil |
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Branch: |
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Address |
: |
Nil |
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Tel No |
: |
Nil |
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Fax No |
: |
Nil |
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Employee: |
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No. of Employees |
In Office |
: |
25 |
Factory |
: |
175 |
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In Branch |
: |
Nil |
Total |
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200 |
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PARTNERS
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Names of
Partners |
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Mr. Md. Azmol Hossain Mr. Md. Monsur Alam Mr. Md. Monirul Alam |
MANAGEMENT
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Name |
: |
Mr. Md. Azmol Hossain |
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Job Description |
: |
Partner |
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Nationality |
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Bangladeshi |
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Email address |
: |
N/A |
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Other details |
: |
N/A |
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Name |
: |
Mr. Md. Monsur Alam |
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Job Description |
: |
Partner |
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Nationality |
: |
Bangladeshi |
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Email address |
: |
N/A |
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Other details |
: |
88-01972-246858, 01712-246858 |
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Name |
: |
Mr. Md. Monirul Alam |
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Job Description |
: |
Partner |
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Nationality |
: |
Bangladeshi |
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Email address |
: |
N/A |
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Other details |
: |
N/A |
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Name |
: |
Mr. Md. Azmol
Hossain |
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Job Description |
: |
Manager
(Marketing) |
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Nationality |
: |
Bangladeshi |
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Email address |
: |
N/A |
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Other details |
: |
88-01716-902117 |
BUSINESS
OPERATIONS
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Nature of Activity : |
Manufacturer |
Ö |
Trader |
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Dealer |
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Distributor |
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 |
: |
Poultry, Dairy & Fish Feed |
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Import Products |
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N/A |
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Export products |
: |
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 |
: |
Nil |
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Local Clients |
: |
Nil |
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Overseas Suppliers |
: |
Nil |
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Local Suppliers |
: |
Nil |
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Trade Markets |
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Exports |
: |
Nil |
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Imports |
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India, China |
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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 |
: |
BDT 10 Million |
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Assets |
: |
BDT 10.25
Million |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
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Name of The Group |
: |
Nil |
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Name of Mother Company |
: |
Nil |
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Subsidiary |
: |
Nil |
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Sister Concerns |
: |
Rafique Medicine RRP Agro Farm & Hatchery |
BANKING
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Bank Name
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: |
Islami Bank Bangladesh Ltd |
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Bank Address |
: |
Ishwardi Branch Nasima Tower, Holding# 981/917 Ward# 07
Station Road, Ishwardi, Pabna, Bangladesh Tel: 88-07326-63511, 01711-438348 |
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Bank Name
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Prime Bank Ltd |
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Bank Address |
: |
Ishwardi Branch Holding# 1335/982 (1st Floor)
Station Road, Ishwardi Pawrashava, Word # 7, Ishwardi, Pabna, Bangladesh. Tel: 88-07326-64435 Cell:01730338461 Fax: 88-07326-64436 |
ADVERSE
DATA MONITORING
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Dishonored Checks |
:
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No Record Found |
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Debt |
: |
No Record Found |
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Litigation |
: |
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 |
SITE
VISIT COMMENTARY
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Our representative visited the subject company Head Office which is situated
at College Road, Ishordi, Pabna, Bangladesh. It’s situated at a
Semi-commercial office Area. |
GENERAL
COMMENTS
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Subject is mainly engaged in activities of Manufacturer, 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 63.61 |
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|
1 |
INR 90.17 |
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Euro |
1 |
INR 78.95 |
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BDT |
1 |
INR 0.78 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
PRA |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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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.