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MIRA INFORM REPORT
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Report No. : |
493036 |
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Report Date : |
27.02.2018 |
IDENTIFICATION DETAILS
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Name : |
RADIANT EXPORT
IMPORT ENTERPRISE |
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Registered Office : |
House# 22/1, Road#2, Dhanmondi, Dhaka-1205 |
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Country : |
Bangladesh |
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Financials (as on) : |
30.06.2017 (Financials-Summary) |
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Year of Establishment : |
2005 |
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Legal Form : |
Sole Proprietorships |
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Line of Business : |
Distributor and Importer of Writing & Drawing Products. |
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No. of Employees : |
30 |
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 : |
Small Company |
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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 (30.09.2017) |
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 |
COMPANY
NAME
RADIANT EXPORT
IMPORT ENTERPRISE
EXECUTIVE
SUMMARY
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IDENTIFICATION DETAILS |
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Correct company Name |
: |
Radiant Export Import Enterprise |
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Head Office |
: |
House# 22/1, Road#2, Dhanmondi, Dhaka-1205, Bangladesh. |
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Tel No |
: |
88-02-9612481-6, 9660307 |
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Fax No |
: |
88-02-8626253 |
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E-mail |
: |
Nil |
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Website |
: |
info@radiant.com.bd |
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Date/ Year of Incorporation |
: |
2005 |
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Incorporation No. |
: |
N/A |
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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 (CCIE) |
FINANCIALS-
SUMMARY
|
Year |
Turnover/
Sales |
Assets |
Income |
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30th June, 2016 |
BDT 47
Million |
BDT 10.21 Million |
BDT 1.53 Million |
|
30th June, 2017 |
BDT 77
Million |
BDT 10.86 Million |
BDT 2.10 Million |
FULLCHECK
REPORT DETAILS
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Information Parted By |
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Name |
: |
Mr. Anower Parvej |
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Designation |
: |
Manager |
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Contract No |
: |
88-01727211031 |
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Locations Details |
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Operating Address |
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House# 22/1, Road#2, Dhanmondi, Dhaka-1205, Bangladesh. |
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Tel No |
: |
88-02-9612481-6, 9660307 |
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Fax No |
: |
88-02-8626253 |
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E-mail |
: |
abu.zahedee@radiant.com.bd parvej@radiant.com.bd |
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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. |
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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. |
Ö |
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Warehouse: |
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Address |
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B-46, Bscic Industrial Estate, Tongi, Gazipur-1710,
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 |
2400 |
Sq. ft. |
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Corporate address: |
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Address |
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Lubdhok (4th Floor), House# 474
P, Road#03, Sector#12, Uttara, Dhaka-1230, Bangladesh. |
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Tel No |
: |
88-01727211031 |
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Fax No |
: |
Nil |
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Branches: |
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Address |
: |
House # 2/G, Road # 1, Shamoli, Dhaka-1207,
Bangladesh. |
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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 |
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8 |
In Factory |
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- |
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Sales |
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22 |
Total |
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30 |
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Details: |
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PROPRIETOR/PARTNERS
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Names of
Proprietor |
: |
Mr. Nasser Shahrear Zahedee |
MANAGEMENT
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Name |
: |
Mr. Nasser
Shahrear Zahedee |
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Job Description |
: |
Proprietor |
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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. Anower Parvej |
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Job Description |
: |
Manager |
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Nationality |
: |
Bangladeshi |
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Email address |
: |
N/A |
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Other details |
: |
88-01727211031 |
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Name |
: |
Mr. Robiul Islam |
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Job Description |
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Deputy Manager
(Commercial) |
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Nationality |
: |
Bangladeshi |
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Email address |
: |
N/A |
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Other details |
: |
88-01720045375 |
BUSINESS
OPERATIONS
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Nature of Activity : |
Manufacturer |
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 |
: |
Writing & Drawing Products |
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Production Capacity |
: |
N/A |
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Last Year
Production |
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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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|||
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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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|||
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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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Staedtler |
Local Clients |
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N/A |
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Overseas Suppliers |
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N/A |
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, Switzerland, 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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Member |
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N/A |
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CAPITAL
STRUCTURE
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Capital Invested |
: |
BDT 10 Million |
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Assets |
: |
BDT 10.86
Million |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
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Sister Concerns |
: |
Radiant Pharmaceuticals Limited Radiant Nutraceuticals Limited Radiant Business Consortium Limited Radiant Distributions Limited Pharmacil Limited |
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Subsidiary |
: |
Nil |
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Name of The Group |
: |
Radiant Group |
BANKING
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Bank Name
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: |
Dhaka Bank Ltd. |
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Bank Address |
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Dhanmondi Branch. House # 20, Road # 7, Dhanmondi R/A, Dhaka Tel: 8802 9122278, 9115551, 9111019,
9111337 Fax: 8802 8125481 E-mail: dhanmondi@dhakabank.com.bd
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Bank Name
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One Bank Ltd |
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Bank Address |
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Dhanmondi Branch. House No. 21, Road No. 8 Dhanmondi R/A Dhaka Phone: 88-02-9139224, 9120790,
8120672 Fax:
88-02-9143965 |
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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 |
SITE
VISIT COMMENTARY
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Our Representative Visited the subject company Head office which is
situated at House# 22/1, Road#2, Dhanmondi, Dhaka-1205, Bangladesh. The
subject company Manager Mr. Anower Parvejgiven us all information. Is
situated at Residential area which is a well decorated modern office. |
GENERAL
COMMENTS
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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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.66 |
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|
1 |
INR 90.65 |
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Euro |
1 |
INR 79.70 |
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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
: |
NIS |
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Report Prepared
by : |
NIT |
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.