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MIRA INFORM REPORT
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Report No. : |
511835 |
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Report Date : |
01.06.2018 |
IDENTIFICATION DETAILS
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Name : |
TRADE VISION LTD. |
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Registered Office : |
15/17, Shantinagar Bazar Road,
Dhaka-1217, Bangladesh |
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Country : |
Bangladesh |
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Financials (as on) : |
30.06.2017 (Summarized) |
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Date of Incorporation : |
02.11.1985 |
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Com. Reg. No.: |
C-14966 |
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Legal Form : |
Private Co |
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Line of Business : |
Distributor, Importer of Medical Equipment’s & Power Equipment’s |
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No. of Employees : |
50 |
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
|
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 2005 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 $28 billion in FY 2016-17. The sector continues to grow despite the need for improvements in factory safety conditions and workers’ rights to avert further high-profile accidents that killed more than 1,000 workers in 2012 and 2013. In FY 2016-17, steady export growth in the garment sector, combined with $13 billion in remittances from overseas Bangladeshis, contributed to Bangladesh's rising foreign exchange reserves.
The recent influx of over 700,000 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 record flooding. Recent improvements to energy infrastructure, including the start of liquefied natural gas imports in 2018, represent a major step forward in resolving a key growth bottleneck.
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Source
: CIA |
EXECUTIVE
SUMMARY
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IDENTIFICATION DETAILS |
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Correct company Name |
: |
Trade Vision Ltd. |
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Head Office |
: |
Halim Villa, House# B-141, Road# 22, New DOHS,
Mohakhali, Dhaka-1206, Bangladesh. |
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Tel No |
: |
88-02-8711840-2 |
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Fax No |
: |
88-02-8711940 |
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E-mail |
: |
info@tradevision.com.bd |
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Website |
: |
www.tvlbd.com |
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Date/ Year of Incorporation |
: |
02.11.1985 |
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Incorporation No. |
: |
C-14966 |
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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) ________________ |
|
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) |
Other
Registry & Certification Details
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Organization
Name |
: |
Dhaka Chamber of Commerce &
Industry |
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Membership
No |
: |
N/A |
FINANCIALS-
SUMMARY
|
Year |
Turnover/ Sales |
Assets |
Income |
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30th
June’2016 |
BDT 147 Million |
BDT 17.63 Million |
BDT 5.10 Million |
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30th
June’2017 |
BDT 205 Million |
BDT 39.83 Million |
BDT 13.68 Million |
FULLCHECK
REPORT DETAILS
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Information Parted By |
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Name |
: |
Mr.
Fazlur Rahman |
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Designation |
: |
Manager
(Commercial) |
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Contract No |
: |
N/A |
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Locations Details |
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Operating Address |
: |
Halim Villa, House# B-141, Road# 22, New DOHS,
Mohakhali, Dhaka-1206, Bangladesh. |
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Tel No |
: |
88-02-8711840-2 |
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Fax No |
: |
88-02-8711940 |
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E-mail |
: |
info@tradevision.com.bd |
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Website |
: |
www.tvlbd.com |
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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. |
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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Warehouse Address: |
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Address |
: |
Halim Villa, House# B-141, Road# 22, New DOHS,
Mohakhali, Dhaka-1206, Bangladesh. |
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Tel No |
: |
N/A |
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Fax No |
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N/A |
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Location : |
:
Owned |
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Rented |
Ö |
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Leased |
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Area |
2500 |
Sq. ft. |
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Branch Address: |
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Address |
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125. K.B. Fazlul Kadar Road
(3rd Floor), Chawkbazar, Chittagong, Bangladesh. |
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Tel No |
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88-031- 635883 |
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Fax No |
: |
88-031- 635883 |
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Registered Address: |
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Address |
: |
15/17, Shantinagar Bazar Road,
Dhaka-1217, 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 |
: |
10 |
Warehouse |
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2 |
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Sales |
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38 |
Total
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: |
50 |
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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. Mir Mahaboob Ali |
3000 |
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Mr. Md. Shahidul Islam |
3000 |
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Mr. Mahmud Hasan |
3000 |
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Mr. Andalib Islam |
1000 |
DIRECTORS
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Name |
Designation |
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Mr. Md. Shahidul Islam |
Chairman |
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Mr. Mahmud Hasan |
Managing Director |
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Mr. Mir Mahaboob Ali |
Director |
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Mr. Andalib Islam |
Director |
MANAGEMENT
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Name |
: |
Mr.
Mahmud Hasan |
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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 |
: |
mahaboob.ali@tradevision.com.bd |
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Name |
: |
Mr.
Fazlur Rahman |
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Job Description |
: |
Manager
(Commercial) |
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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.
Arif Ahmed |
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Job Description |
: |
Manager
(Commercial) |
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Nationality |
: |
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
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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 |
: |
Medical Equipment’s & Power
Equipment’s |
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Production Capacity |
: |
N/A |
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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 |
: |
Overseas Clients |
: |
N/A |
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Local Clients |
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Dhaka Medical College Hospital Square Hospitals Limited United Hospital Limited |
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Overseas Suppliers |
: |
N/A |
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Local Suppliers |
: |
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, China |
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Brand Name |
: |
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 |
: |
Active |
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CAPITAL
STRUCTURE
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Authorized Capital |
: |
BDT 10 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 39.83 Million |
FINANCIAL
STATEMENT- DETAILED
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Summary Information 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 |
: |
Bank
Asia Ltd. |
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Bank Address |
: |
Mohakhali Branch 82, Mohakhali C/A, Dhaka-1212,
Bangladesh Tel: 88-02-8857236, 857036 |
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Bank Name |
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Jamuna Bank Ltd. |
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Bank Address |
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Mohakhali Branch Ismail Mansion, 32, Mohakhali
C/A, Dhaka-1212, Bangladesh Tel: 88-02-9887269, 9899455,
9889273-4 |
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 |
: |
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 address at Halim
Villa, House# B-141, Road# 22, New DOHS, Mohakhali, Dhaka-1206, Bangladesh.
It is situated at Semi-commercial office Bldg. |
GENERAL
COMMENTS
|
Based on the financial statements, SC’s financial
performance appears to be Below Average. SC has been in its line of business
for about 33 years. Taking into account its standing history, reputation in
the market, as well as its financial condition |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.45 |
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|
1 |
INR 89.79 |
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Euro |
1 |
INR 78.79 |
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BDT |
1 |
INR 0.80 |
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 : |
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.