MIRA INFORM REPORT

Report No. :	489399
Report Date :	03.02.2018

IDENTIFICATION DETAILS

Name :	RUBEL STORE
Registered Office :	Railway Market, Manohari Patti, Saidpur, Nilphamari, Rangpur
Country :	Bangladesh
Date of Incorporation :	2012
Legal Form :	Sole Proprietorships
Line of Business :	Importer and Distributor of Soybean Power
No. of Employees :	6

RATING & COMMENTS

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

MIRA’s Rating :

B

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Status :	Small Company
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.

EXECUTIVE SUMMARY

IDENTIFICATION DETAILS
Correct company Name	:	Rubel Store
Head Office	:	Railway Market, Manohari Patti, Saidpur, Nilphamari, Rangpur, Bangladesh
Tel No	:	88-01721702264
Fax No	:	Nil
E-mail	:	rubelhossain1212@gmail.com
Website	:	Nil
Date/ Year of Establishment	:	2012
Trade License No	:	01766/Circle:11 (Issue Date:11.04.2012 )
Trade License I.D.	:	11-075-01766
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

Other Registry & Certification Details

Taxpayer’s Identification No (TIN)

:

257389605855/Circle-5(Saidpur-1)

Date of Registration

:

01.08.2017

Issuing Authority

:

National Board of Revenue

Value Added Tax(VAT) No

:

11131016634/Area Code:110502

Date of Registration

:

11.11.2012

Issuing Authority

:

National Board of Revenue

Import Registration Certificate No

:

Ba-0232171

Date of Registration

:

08.10.2012

Issuing Authority

:

Chief Controller of Import & Export (CCIE)

Bank Identification Number

:

000282695

Date of Registration

:

08.06.2017

Issuing Authority

:

National Board of Revenue

Organization Name

:

Nilphamari Chamber of Commerce and industry

Membership No

:

A-646/2017-2018

FINANCIALS- SUMMARY
Year	Turnover/ Sales	Assets	Income
30^th June, 2016	BDT 35 Million	BDT 5.60 Million	BDT 0.35 Million
30^th June, 2017	BDT 47 Million	BDT 6.21 Million	BDT 0.75 Million

FULLCHECK REPORT DETAILS

Information Parted By
Name	:	Mr. Rubel Hossain
Designation	:	Proprietor
Contract No	:	88-01721702264

Locations Details
Business Address	:	Railway Market, Manohari Patti, Saidpur, Nilphamari, Rangpur, Bangladesh
Tel No	:	88-01721702264
Fax No	:	Nil
E-mail	:	rubelhossain1212@gmail.com
Website	:	Nil

Location :

: Owned

Rented

Ö

Leased

Area

750

Sq. ft.

Type of Office :	: Commercial Office Bldg.		Semi-commercial Area.	Ö
Retail shop		Industrial Park
Business Center		Home Office
Residential Bldg.

Warehouse:
Address	:	Railway Market, Manohari Patti, Saidpur, Nilphamari, Rangpur, Bangladesh
Tel No	:	Nil
Fax No	:	Nil

Location :

Owned

Rented

Ö

Leased

Area

1200

Sq. ft.

Branch:
Address	:	Nil
Tel No	:	Nil
Fax No	:	Nil

Employee:
No. of Employees	In Office	:	5	Warehouse	:	1
	In Branch	:	N/A	Total	:	6
Details:

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

BUSINESS OPERATIONS
Nature of Activity :	Manufacturer	Trader		Dealer	Distributor	Ö
	Exporter	Importer	Ö	Services	Others

Item Dealings In:
Products	:	Soybean Power
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 5 Million
Assets	:	BDT 6.21 Million

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 AD Branch Dinajpur Road, Saidpur, Nilphamari, Bangladesh Tel: 88-05526-72529, 88098, 01711438340 Fax: 88-05526-73122 AWCA Account Bearing Number: 20501520100219108

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 Railway Market, Manohari Patti, Saidpur, Nilphamari, Rangpur, Bangladesh. It’s Semi-commercial Area.

GENERAL COMMENTS

Subject is mainly engaged in Importer & Distributor. The subject company is very small company which we recommended that Credit should be extended under guarantee in C.O.D to small amount.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.08
UK Pound	1	INR 91.34
Euro	1	INR 80.03
BDT	1	INR 0.77

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

INFORMATION DETAILS

Analysis Done by :	PRA
Report Prepared by :	KET

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.