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MIRA INFORM REPORT
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Report No. : |
485996 |
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Report Date : |
11.01.2018 |
IDENTIFICATION DETAILS
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Name : |
MAJUMDER PRODUCTS
LTD. |
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Registered Office : |
Planners Tower (12th Floor, Room # 4), 13/A Sonargaon Road,
Banglamotor, Dhaka-1000 |
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Country : |
Bangladesh |
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Date of Incorporation : |
01.06.2011 |
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Com. Reg. No.: |
C-93231 |
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Legal Form : |
Private Company |
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Line of Business : |
Processing, Distributor and Importer of Rice |
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No. of Employees : |
320 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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 |
: |
MAJUMDER PRODUCTS LTD. |
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Head Office |
: |
Planners Tower (12th Floor, Room # 4), 13/A Sonargaon Road,
Banglamotor, Dhaka-1000, Bangladesh. |
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Tel No |
: |
88-02-8631776-8, 9661895, 9666157 |
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Fax No |
: |
88-02-9666157 |
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E-mail |
: |
commercial@majumdergroup.com,
mtldhk@yahoo.com |
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Website |
: |
www.majumdergroup.com |
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Date/ Year of Incorporation |
: |
01.06.2011 |
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Incorporation No. |
: |
C-93231 |
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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) |
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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
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Year |
Turnover/
Sales |
Assets |
Income/
(Loss) |
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31st December
2015 |
BDT 2761.21 Million |
BDT 815.80 Million |
BDT 142.46 Million |
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31st December
2016 |
BDT 2425 Million |
BDT 791.41 Million |
BDT 112.20 Million |
FULLCHECK
REPORT DETAILS
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Information Parted By |
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Name |
: |
Mr. Swapan Mallik
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Designation |
: |
Officer |
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Contract No |
: |
88-01714071348 |
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Locations Details |
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Operating Address |
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Planners Tower (12th Floor, Room # 4), 13/A Sonargaon Road, Banglamotor, Dhaka-1000, Bangladesh. |
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Tel No |
: |
88-02-8631776-8, 9661895, 9666157 |
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Fax No |
: |
88-02-9666157 |
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E-mail |
: |
commercial@majumdergroup.com,
mtldhk@yahoo.com |
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Website |
: |
www.majumdergroup.com |
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Location : |
: Owned |
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Rented |
Ö |
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Leased |
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Area |
2400 |
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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Chonka, Sherpur, Bogra, Bangladesh. |
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Tel No |
: |
Nil |
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Fax No |
: |
Nil |
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Owned |
Ö |
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Rented |
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Leased |
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Area |
3 |
Acores |
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Branches: |
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Address |
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Nil |
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Tel No |
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Nil |
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Fax No |
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Nil |
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Employee: |
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No. of Employees |
In Office |
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20 |
In Factory |
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300 |
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In Branch: |
: |
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Total |
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320 |
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Details: |
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OWNERSHIP/SHAREHOLDERS
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Names of Shareholders |
No. of
Share |
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Soubhik Exports Limited |
4717905 |
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Mr. Chitta Majumder |
2021959 |
DIRECTORS
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Name |
Designation |
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Mr. Prodiptto Majumder |
Managing Director |
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Mr. Chitta Majumder |
Director |
MANAGEMENT
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Name |
: |
Mr. Prodiptto
Majumder |
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Job Description |
: |
Managing Director |
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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. Swapan Mallik
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Job Description |
: |
Officer |
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Nationality |
: |
Bangladeshi. |
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Email address |
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N/A |
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Other details |
: |
88-01714071348 |
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Name |
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Mr. Komol Kumar
Mondal |
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Job Description |
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Purchase |
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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 |
BUSINESS
OPERATIONS
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Nature of Activity : |
Processing |
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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Range of
Products: |
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Products |
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Rice |
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Production Capacity |
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400 MT Per Day |
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Last Year
Production |
: |
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 |
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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 |
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Active |
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CAPITAL
STRUCTURE
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Authorized
Capital |
: |
BDT 1000 Million |
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Paid-up Capital |
: |
BDT 673986400 |
No. of Shares |
: |
6739864 |
Share
Value |
: |
BDT100.00Each |
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Main Assets |
: |
BDT 791.41 Million |
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FINANCIAL
STATEMENT- DETAILED
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Summary Information Given. |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
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Sister Concerns |
: |
Shoma Enterprise Majumder Traders Majumder & Brother Majumder Polymer Ltd Majumder Feed Mills Ltd Majumder Auto Rice Mills Ltd |
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Subsidiary |
: |
Nil |
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Name of The Group |
: |
Majumder
Group of Industries |
BANKING
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Bank Name
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National Bank Ltd |
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Bank Address |
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Jessore Branch 11-12, Garikhana Main Road, Jessore, Bangladesh. Tel: 88-0421-73684 |
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
|
Our representative visited the subject company Head Office which is situated
at Planners Tower (12th Floor Room # 4), 13/A Sonargaon Road,
Banglamotor, Dhaka-1000, Bangladesh, It is Situated at Semi-Commercial area. |
GENERAL
COMMENTS
|
The subject company is a well-known reputed company in Bangladesh.
Their products popular to the local customers. So day by day the subject companies
increase their goodwill. As well as its financial condition, we recommend that credit may
proceed in moderate amounts. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.83 |
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1 |
INR 86.28 |
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Euro |
1 |
INR 76.14 |
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BDT |
1 |
INR 0.77 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
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Report Prepared
by : |
TPT |
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.