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MIRA
INFORM REPORT
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Report No. : |
485760 |
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Report Date : |
12.01.2018 |
IDENTIFICATION DETAILS
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Name : |
DHAKA TRADING HOUSE LTD. |
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Registered Office : |
Baitul Abed Building (Level # 11), 53, Purana Paltan, Dhaka-1000 |
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Country : |
Bangladesh |
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Date of Incorporation : |
21.12.2010 |
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Com. Reg. No.: |
C-88991 |
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Legal Form : |
Private Company |
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Line of Business : |
Processing, Exporter and Importer of Raw Jute |
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No. of Employees : |
22 |
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 : |
No Complaints |
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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 |
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Correct company Name |
: |
Dhaka Trading House
Ltd. |
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Head Office |
: |
Baitul Abed Building (Level # 11), 53, Purana
Paltan, Dhaka-1000, Bangladesh. |
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Tel No |
: |
88-02-9569678 |
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Fax No |
: |
Nil |
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E-mail |
: |
dthljute@yahoo.com, dhakajutekhulna@gmail.com, dthljute@gmail.com |
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Website |
: |
www.dthljute.com,
www.dhakatradinghouseltd.com |
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Date/ Year of Incorporation |
: |
21.12.2010 |
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Incorporation
No. |
: |
C-88991 |
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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 |
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Year |
Turnover/ Sales |
Assets |
Income |
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July’
14~June’ 15 |
BDT
218 Million |
BDT
234.50 Million |
BDT
12.64 Million |
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July’
15~June’ 16 |
BDT
396 Million |
BDT
310.21 Million |
BDT
15.43 Million |
FULLCHECK REPORT DETAILS
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Information Parted By |
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Name |
: |
Mr.
Noman |
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Designation |
: |
Officer
(Commercial) |
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Contract No |
: |
88-01610229900 |
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Locations Details |
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Operating Address |
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Baitul Abed Building (Level # 11), 53, Purana
Paltan, Dhaka-1000, Bangladesh. |
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Tel No |
: |
88-02-9569678 |
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Fax No |
: |
Nil |
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E-mail |
: |
dthljute@yahoo.com, dhakajutekhulna@gmail.com, dthljute@gmail.com |
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Website |
: |
www.dthljute.com,
www.dhakatradinghouseltd.com |
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Location
: |
: Owned |
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Rented |
Ö |
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Leased |
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Area |
2800 |
Sq. ft. |
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Type
of Office : |
: Commercial Office Bldg. |
Ö |
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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. |
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Factory: |
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Address |
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RailGate,
Daulatpur, Khulna-9100, Bangladesh. |
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Tel No |
: |
Nil |
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Fax No |
: |
Nil |
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Location
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: Owned |
Ö |
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Rented |
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Leased |
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Area |
12 |
Acores |
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Branches: |
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Address |
: |
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 |
: |
2 |
Warehouse |
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20 |
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In Branch: |
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- |
Total
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22 |
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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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Mr. Al-Haj Md. Tipu Sultan |
950000 |
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Mr. Mahabubul Alam |
50000 |
DIRECTORS
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Name |
Designation |
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Mr. Mahabubul Alam |
Chairman |
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Mr. Al-Haj Md. Tipu Sultan |
Managing
Director |
management |
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Name |
: |
Mr.
Al-Haj Md. Tipu Sultan |
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Job Description |
: |
Managing
Director |
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Nationality |
: |
N/A |
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Email address |
: |
sultantipu1969@gmail.com |
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Other details |
: |
N/A |
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Name |
: |
Mr.
Sheik Shahidul Islam. |
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Job Description |
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Director. |
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Nationality |
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Bangladeshi |
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Email address |
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N/A |
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Other details |
: |
88-01711432671 |
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Name |
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Mr.
Jasim Uddin. |
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Job Description |
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Officer. |
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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.
Noman |
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Job Description |
: |
Officer
(Commercial) |
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Nationality |
: |
Bangladeshi. |
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Email address |
: |
N/A |
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Other details |
: |
88-01610229900 |
BUSINESS OPERATIONS
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Nature of Activity : |
Processing |
Ö |
Trader |
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Dealer |
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Distributor |
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Exporter |
Ö |
Importer |
Ö |
Services |
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Others |
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Item
Dealings In: |
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Products |
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Raw Jute |
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Production Capacity |
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N/A |
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Last Year Production |
: |
N/A |
Trading Terms:
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Purchasing Terms: |
L/C |
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Cash |
Ö |
Others |
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Credit : |
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30 days |
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60 days |
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90 days |
Ö |
0 |
days |
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Selling 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 |
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 |
: |
Exports(Country) |
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China,
India, Pakistan |
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Imports(Country) |
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N/A |
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Brand
Name |
: |
N/A |
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Certified |
: |
N/A |
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Name
of Auditors |
: |
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 |
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BDT
500 Million. |
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Paid-up Capital |
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BDT
100000000 |
No. of Shares |
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1000000 |
Share Value |
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BDT
100.0Each |
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Main Assets |
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BDT
310.21 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 |
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N/A |
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Subsidiary |
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N/A |
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Name of
The Group |
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N/A |
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Member |
: |
Bangladesh Jute Association. |
BANKING
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Bank Name
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: |
Rupali
Bank Ltd. |
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Bank Address |
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Daulatpur,
Kkulna. Khalishpur,
Kkulna, Bangladseh |
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Bank Name
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Standard
Charterad Bank. |
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Bank Address |
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Gulshan
Branch 67,
Gulshan Avenue, Bangladesh |
ADVERSE DATA MONITORING |
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Dishonored
Checks |
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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 |
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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 Baitul Abed Building (Level # 11), 53, Purana Paltan,
Dhaka-1000, Bangladesh. It is situated at Commercial office Area. |
GENERAL COMMENTS |
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SC is considered medium-sized in its
line with fairly stable financial conditions. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.74 |
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1 |
INR 84.01 |
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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
: |
PRA |
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Report Prepared
by : |
KET |
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.