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MIRA INFORM REPORT
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Report No. : |
483678 |
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Report Date : |
03.01.2018 |
IDENTIFICATION DETAILS
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Name : |
ALVEE AGRO COMPLEX LIMITED |
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Registered Office : |
House #41/B (3rd Floor), Road #4A,
Dhanmondi R/A, Dhaka-1205 |
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Country : |
Bangladesh |
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Date of Incorporation : |
20.01.2014 |
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Com. Reg. No.: |
C-113562 |
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Legal Form : |
Private Co |
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Line of Business : |
Distributor and Importer of Agro Products, Rice |
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No. of Employees : |
35 |
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 |
EXECUTIVE
SUMMARY
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IDENTIFICATION DETAILS |
||
|
Correct company Name |
: |
Alvee Agro
Complex Limited |
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Head Office |
: |
House #41/B (3rd Floor), Road #4A,
Dhanmondi R/A, Dhaka-1205, Bangladesh |
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Tel No |
: |
88-02-58611271 |
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Fax No |
: |
Nil |
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E-mail |
: |
info@roseburggroup.com,
alveeagrobd@gmail.com |
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Website |
: |
www.roseburggroup.com.bd |
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Date/ Year of Incorporation |
: |
20.01.2014 |
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Incorporation
No. |
: |
C-113562 |
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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 |
FINANCIALS-
SUMMARY
|
Year |
Turnover/ Sales |
Assets |
Income/ (Loss) |
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30th June,
2016 |
BDT 49 Million |
BDT 8.50 Million |
BDT 1.53 Million |
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30th June,
2017 |
BDT 62 Million |
BDT 9.80 Million |
BDT 2.38 Million |
FULLCHECK
REPORT DETAILS
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Information Parted By |
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Name |
: |
Mr. Alamgir
Hossain |
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Designation |
: |
General
Manager |
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Contract No |
: |
88-01720578763 |
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Locations Details |
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Operating Address |
: |
House #41/B (3rd Floor), Road #4A,
Dhanmondi R/A, Dhaka-1205, Bangladesh |
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Tel No |
: |
88-02-58611271 |
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Fax No |
: |
Nil |
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E-mail |
: |
info@roseburggroup.com,
alveeagrobd@gmail.com |
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Website |
: |
www.roseburggroup.com.bd |
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Location
: |
: Owned |
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Rented |
Ö |
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Leased |
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Area |
1200 |
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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Ramkhila,
P.O. Choitan Khila, Sherpur Sadar, Sherpur, Bangladesh |
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Tel No |
: |
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Fax No |
: |
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Owned |
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Rented |
Ö |
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Leased |
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Area |
1800 |
Sq. ft. |
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Branch: |
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Address |
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Aukpara,
Kalma, Savar, Bangladesh |
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Tel No |
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88-02-7743094 |
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Fax No |
: |
88-027746692 |
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Employee: |
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No.
of Employees |
In Office |
: |
5 |
In Warehouse |
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1 |
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Sales |
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29 |
Total
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35 |
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Details: |
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OWNERSHIP/SHAREHOLDERS
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Names
of Shareholders |
No.
of Share |
Country |
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Mrs. Nilufa Khanam |
47500 |
Bangladesh |
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Mr. Al-Haz Md. Ibrahim |
2500 |
Bangladesh |
DIRECTORS
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Name |
: |
Mrs. Nilufa
Khanam |
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Designation |
: |
Managing
Director |
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Nationality |
: |
Bangladeshi. |
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Email address |
: |
Nil |
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Other details |
: |
Nil |
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Name |
: |
Mr. Al-Haz
Md. Ibrahim |
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Designation |
: |
Dirrector |
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Nationality |
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Bangladeshi. |
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Email address |
: |
Nil |
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Other details |
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Nil |
MANAGEMENT
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Name |
: |
Mrs. Nilufa
Khanam |
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Job Description |
: |
Managing
Director |
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Nationality |
: |
Bangladeshi. |
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Email address |
: |
Nil |
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Other details |
: |
Nil |
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Name |
: |
Mr. Alamgir
Hossain |
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Job Description |
: |
General
Manager |
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Nationality |
: |
Bangladeshi. |
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Email address |
: |
Nil |
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Other details |
: |
88-01720578763 |
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
dealing in: |
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Products |
: |
Agro Products, Rice |
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Production
Capacity |
: |
N/A |
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Last
Year Production |
: |
N/A |
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Import
Products |
: |
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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|||
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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 |
: |
Overseas Clients |
: |
N/A |
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Local Clients |
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N/A |
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Overseas Suppliers |
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N/A |
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Local Suppliers |
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N/A |
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Trade Markets |
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Exports(Country) |
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N/A |
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Imports(Country) |
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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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Name of Auditors |
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N/A |
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Operation Status |
: |
Active |
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CAPITAL
STRUCTURE
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Authorized
Capital |
: |
BDT 30 Million |
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Paid-up
Capital |
: |
BDT 5000000 Million |
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No.
of Shares |
: |
50000 |
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Share
Value |
: |
BDT 100.00 Each |
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Main
Assets |
: |
BDT 9.80 Million |
FINANCIAL
STATEMENT- DETAILED
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Summary Information Given. |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
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Name of The Group |
: |
Rose Burg group |
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Name of Mother Company |
: |
Nil |
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Subsidiary |
: |
Nil |
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Sister Concerns |
: |
Roseburg Industries Ltd. Roseburg Auto Rice Mill Ltd. |
BANKING
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Bank Name |
: |
Union Bank
Limited |
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Bank Address |
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Gulshan Branch Bahela Tower, 72, Gulshan Avenue,
Gulshan-1, Dhaka-1212, Bangladesh Tel: 88-02-9859315 |
ADVERSE
DATA MONITORING
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Dishonored
Checks |
: |
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 |
: |
No Record
Found |
SITE
VISIT COMMENTARY
|
Our representative visited the subject
company Head Office which is situated at House #41/B (3rd Floor),
Road #4A, Dhanmondi R/A, Dhaka-1205, Bangladesh. |
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
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Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
INR 63.67 |
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|
1 |
INR 86.11 |
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Euro |
1 |
INR 76.59 |
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BDT |
1 |
INR 0.76 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
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Report Prepared
by : |
TRU |
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.