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MIRA INFORM REPORT
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Report No. : |
487352 |
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Report Date : |
29.01.2018 |
IDENTIFICATION DETAILS
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Name : |
MOHAMMADIA AGROVET LIMITED |
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Registered Office : |
Sadat Mansion, 161, Sadarghat Road, Chittagong |
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Country : |
Bangladesh |
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Date of Incorporation : |
18.06.2008 |
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Com. Reg. No.: |
Ch-6643 |
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Legal Form : |
Private Co
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Line of Business : |
Manufacturer, Distributor and Importer of Feed Item, Food Grain. |
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No. of Employees : |
450 |
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 |
IDENTIFICATION DETAILS
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Correct company Name |
: |
MOHAMMADIA AGROVET LIMITED |
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Head Office |
: |
Sadat Mansion, 161, Sadarghat Road, Chittagong, Bangladesh |
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Tel No |
: |
88-031-625467 |
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Fax No |
: |
88-031-2861312 |
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E-mail |
: |
magrovet@yahoo.com |
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Website |
: |
Nil |
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Date/ Year of Incorporation |
: |
18.06.2008 |
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Incorporation No. |
: |
Ch-6643 |
|
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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30th
June’2016 |
BDT 32 Million |
BDT 15.45 Million |
BDT 0.88 Million |
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30th
June’2017 |
BDT 51 Million |
BDT 16.21 Million |
BDT 1.20 Million |
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Exchange Rate |
USD1-BDT
80.5600 EUR 1- BDT 89.9533 GBP 1- BDT 102.0534 AUD 1 - BDT 60.8228 JPY 1 -
BDT 0.7232 |
CAD 1 - BDT 60.4079 SEK 1 -
BDT 9.2094 SGD 1 -
BDT 57.9777 CNH 1 -
BDT 11.7923 INR 1
- BDT 1.2483 |
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FULLCHECK
REPORT DETAILS
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Information Parted
By |
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Name |
: |
Md. Abu Nayeem
Nawaz Chowdhury |
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Designation |
: |
Managing Director |
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Contract No |
: |
88-01819383004 |
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Locations Details |
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Operating Address |
: |
Sadat Mansion, 161, Sadarghat Road, Chittagong, Bangladesh |
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Tel No |
: |
88-031-625467 |
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Fax No |
: |
88-031-2861312 |
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E-mail |
: |
magrovet@yahoo.com |
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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 |
1200 |
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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Warehouse: |
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Address |
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Sadat Mansion, 161, Sadarghat Road,
Chittagong, Bangladesh |
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Tel No |
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N/A |
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Fax No |
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N/A |
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Owned |
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Rented |
Ö |
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Leased |
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Area |
3500 |
Sq. ft. |
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Branch: |
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Address |
: |
Nil |
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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 |
: |
50 |
In Factory |
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250 |
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Sales |
: |
150 |
Total |
: |
450 |
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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. Md. Abu Nayeem Nawaz Chowdhury |
2500 |
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Mr. Md. Abu Hatim Nawaz Chowdhury |
2500 |
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Mr. Md. Abu Rahim Nawaz Chowdhury |
2500 |
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Mr. Md. Shah Nawaz Chowddhur |
2500 |
DIRECTORS
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Name |
Designation |
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Mr. Md. Abu Nayeem Nawaz Chowdhury |
Managing Director |
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Mr. Md. Abu Hatim Nawaz Chowdhury |
Director |
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Mr. Md. Abu Rahim Nawaz Chowdhury |
Director |
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Mr. Md. Shah Nawaz Chowddhur |
Director |
MANAGEMENT
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Name |
: |
Md. Abu Nayeem
Nawaz Chowdhury |
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Job Description |
: |
Managing Director |
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Nationality |
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Bangladeshi |
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Email address |
: |
N/A |
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Other details |
: |
88-01819383004 |
BUSINESS
OPERATIONS
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Nature of Activity : |
Manufacturer |
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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Feed Item, Food Grain. |
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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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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 20 Million |
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Paid-up Capital |
: |
BDT 1000000 |
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No. of Shares |
: |
10000 |
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Share Value |
: |
BDT 100.00 Each |
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Main Assets |
: |
BDT 16.21 Million |
FINANCIAL
STATEMENT- DETAILED
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Summary information has been given. |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
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Sister Concerns |
: |
Nil |
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Subsidiary |
: |
Nil |
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Name of The Group |
: |
Nil |
BANKING
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Bank Name
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Rupali Bank Ltd |
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Bank Address |
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Sadarghat, Ctg Branch Sadarghat, Chittagong, Bangladesh Tel: 88-031-614449 |
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Bank Name
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United Commercial
Bank Limited |
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Bank Address |
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Jubilee Road Branch Rifle Club Shooting Complex, Nandankanan, Jubilee
Road, Chittagong-4000, Bangladesh Tel: 88-031-638179, 636024, 01711-804130,
01711-761053 Fax: 88-031-610497 |
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Bank Name
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Basic Bank Ltd. |
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Bank Address |
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Agrabad Branch Pine View (Ground Floor), 100 Agrabad C/A, Chittagong-4100, Bangladesh Tel: 031-2520080, 725527, 814041 Fax: 031-714822 |
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 |
: |
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 Sadat Mansion, 161, Sadarghat Road, Chittagong, Bangladesh. It is situated
at a Commercial Area. |
GENERAL
COMMENTS
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Subject is mainly
engaged in Manufacturer, Importer & Distributor. Their products are
popular to the local customers & their goodwill grows up day by day. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.50 |
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1 |
INR 90.92 |
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Euro |
1 |
INR 79.07 |
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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
: |
PRA |
|
|
|
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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.