MIRA INFORM REPORT

 

 

Report No. :

491678

Report Date :

15.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

AL-ARAFA SCIENTIFIC AND SURGICAL CO. LTD

 

 

Registered Office :

Russel Center, (2nd Floor), 27, Shahid Nazrul Islam Road, Hatkhola, Dhaka-1203

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

25.09.2001

 

 

Com. Reg. No.:

C-44077

 

 

Legal Form :

Private Company

 

 

Line of Business :

Importer and wholesaler of Scientific & Surgical Instruments, Health & Medicine Laboratory Instruments & Chemicals, Chemical & Paper, Agricultural Chemicals

 

 

No. of Employees :

24

 

 

RATING & COMMENTS

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

 

MIRA’s Rating :

B

 

Credit Rating

Explanation

Rating Comments

B

Medium Risk

Business dealings permissible on a regular monitoring basis

 

Status :

Moderate

 

 

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.

 

 

Company name

 

AL-ARAFA SCIENTIFIC AND SURGICAL CO. LTD

 

 

EXECUTIVE SUMMARY

 

                                                IDENTIFICATION DETAILS

Correct company Name

:

Al-Arafa Scientific and Surgical Co. Ltd

Head Office

:

Russel Center, (2nd Floor), 27, Shahid Nazrul Islam Road, Hatkhola,

Dhaka-1203, Bangladesh

Tel No

:

88-02-9556790

Fax No

:

Nil

E-mail

:

alarafascientific@gmail.com, azam.alarafascientific@gmail.com 

Website

:

www.alarafascientificbd.com

Date/ Year of Incorporation

:

25.09.2001

Incorporation No.

:

C-44077

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

 

 

FINANCIALS- SUMMARY

      Year

Turnover/ Sales

 Assets

Income/ (Loss)

30th June, 2016

BDT 59 Million

BDT 8.80 Million

BDT 1.25 Million

30th June, 2017

BDT 75 Million

BDT 9.78 Million

BDT 2.30 Million

 

 

FULLCHECK REPORT DETAILS

 

                                                             Information Parted By

Name

:

Mr. Md. Isme Golam Azam

Designation

:

Manager (Import)

Contract No

:

88-01716000458

 

                                                               Locations Details

Operating Address

:

Russel Center, (2nd Floor), 27, Shahid Nazrul Islam Road, Hatkhola,

Dhaka-1203, Bangladesh

Tel No

:

88-02-9556790

Fax No

:

Nil

E-mail

:

alarafascientific@gmail.com, azam.alarafascientific@gmail.com 

Website

:

www.alarafascientificbd.com

 

Location :

: Owned

 

Rented

Ö

 

Leased

 

Area

1100

Sq. ft.

 

Type of Office :

  :       Commercial Area.

Ö

 

Semi-commercial office Bldg.

 

     

 

Retail shop

 

 

Industrial Park

 

     

 

Business Center

 

 

Home Office

 

     

 

Residential Bldg.

 

 

 

 

 

 

Sales Center Address:

 

 

 

Address

:

Shuvechcha Plaza (Suit No #29-30), 32/1, Shahid Nazrul  Islam Road,

Hathkhola, Dhaka-1203, Bangladesh

Tel No

:

Nil

Fax No

:

Nil

 

Employee:

 

 

 

No. of Employees 

 

In Office

:

5

Warehouse

:

N/A

Seles

:

19

Total

:

25

Details:

 

                    

 

 

 

OWNERSHIP/SHAREHOLDERS

 

Names of Shareholders

No. of Share

Country

Mr. Monir Hossain Khokon

3000

Bangladesh.

Mr. Md. Shakwat Hossain

3000

Bangladesh.

 

 

DIRECTORS

 

Name

:

Mr. Md. Shakwat Hossain

Designation

:

Managing Director

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

 

 

 

 

Name

:

Mr. Monir Hossain Khokon

Designation

:

Director

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

 

MANAGEMENT

 

Name

:

Mr. Md. Shakwat Hossain

Job Description

:

Managing Director

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

Name

:

Mr. Md. Isme Golam Azam

Job Description

:

Manager (Import)

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

88-01716000458

 

Name

:

Mr. Md. Tohinul Islam

Job Description

:

Service Engineer.

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

Name

:

Mr. Md. Humayun Kabir

Job Description

:

Officer (sales)

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

Name

:

Mr. Dipok Chokroborty 

Job Description

:

Marketing Executive

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

Name

:

Mr. Md. Mohiuddin Patwery 

Job Description

:

Computer Engineer

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

BUSINESS OPERATIONS

 

Nature of Activity       :

Manufacturer

Trader

 

Dealer

 

Distributor

 

 

 

 

Exporter

 

Importer

Ö

Services

 

Wholesaler

Ö

 

Item dealing in:

 

Products

:

Scientific & Surgical Instruments, Health & Medicin Laboratory Instruments & Chemicals, Chemical & Paper, Agricultural Chemicals

Production Capacity

:

N/A

Last Year Production

:

N/A

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(Country)

:

N/A

 

Imports(Country)

:

India, China

 

Brand Name

:

N/A

Certified

:

N/A

Name of Auditors

:

N/A

Operation Status

:

Active

 

 

CAPITAL STRUCTURE

 

Authorized Capital

:

BDT 10 Million

 

Paid-up Capital

:

BDT 600000

 

No. of Shares

:

6000

 

Share Value

:

BDT100.00Each

 

Main Assets

:

BDT 9.78 Million

 

 

FINANCIAL STATEMENT- DETAILED

 

Summary Information Given.

 

 

ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES

 

Name of  The Group

:

Nil

Name of Mother Company

:

Nil

Subsidiary

:

Nil

Sister Concerns

:

Nil

 

 

BANKING

 

Bank Name      

:

Union Bank Limited

Bank Address

:

Hatkhola Branch

Ittefaq Bhaban, 1, Ramkrishna Mission Road, Dhaka, Bangladesh.

Tel: 88-02-9591961

Fax: 88-02-9591964

 

 

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 Russel Center, (2nd Floor), 27, Shahid Nazrul Islam Road, Hatkhola, Dhaka-1203, Bangladesh. It’s Commercial Area.

 

 

GENERAL COMMENTS

 

Subject is mainly engaged in Importer, Wholesaler. 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 64.13

UK Pound

1

INR 89.17

Euro

1

INR 79.39

BDT

1

INR 0.77 

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

SYL

                                                


 

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.