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MIRA INFORM REPORT
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Report No. : |
500837 |
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Report Date : |
31.03.2018 |
IDENTIFICATION DETAILS
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Name : |
APON TRADERS |
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Registered Office : |
Thana Road, Patgram Lalmonrihat |
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Country : |
Bangladesh |
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Financials (as on) : |
30.06.2017 (Summarized) |
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Year of Establishment : |
2010 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Distributor of Stone. |
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No. of Employees : |
2 |
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 (30.09.2017) |
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 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 were on track to again surpass $25 billion in 2017. The sector continues to grow, despite the need for improvements in factory working conditions to avert further high-profile accidents that have killed more than 1,000 workers in recent years. Steady export growth in the garment sector combined with remittances from overseas Bangladeshis - which totaled about $13 billion and 6% of GDP in 2016 - are key contributors to Bangladesh's sustained economic growth and rising foreign exchange reserves.
The recent influx of hundreds of millions of 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 adverse weather.
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Source
: CIA |
Company
name
APON TRADERS
EXECUTIVE
SUMMARY
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IDENTIFICATION DETAILS |
||
|
Correct company Name |
: |
Apon Traders |
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Head Office |
: |
Thana Road, Patgram Lalmonrihat, Bangladesh |
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Tel No |
: |
88-01714925245 |
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Fax No |
: |
Nil |
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E-mail |
: |
Nil |
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Website |
: |
Nil |
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Date/ Year of
Establishment |
: |
2010 |
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Trade License No |
: |
Nil |
|
Legal Form (General) |
: |
Public Listed Co Public (but not listed) Private Co State-owned Co Sole Proprietorship 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 |
FINANCIALS-
SUMMARY
|
Year |
Turnover/
Sales |
Assets |
Income |
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30th June, 2016 |
BDT 25 Million |
BDT 5.80 Million |
BDT 0.45 Million |
|
30th June, 2017 |
BDT 38 Million |
BDT 6.73 Million |
BDT 0.71 Million |
FULLCHECK
REPORT DETAILS
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Information Parted By |
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Name |
: |
Mr.
Amir Hossain |
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Designation |
: |
Proprietor
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Contract No |
: |
88-01714925245 |
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Locations Details |
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Business Address |
: |
Thana Road, Patgram Lalmonrihat, Bangladesh |
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Tel No |
: |
88-01714925245 |
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Fax No |
: |
Nil |
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E-mail |
: |
Nil |
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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 |
750 |
Sq. ft. |
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Type of Office : |
: Commercial Office Bldg. |
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Semi-commercial Area. |
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: |
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Address |
: |
Thana Road, Patgram
Lalmonrihat, Bangladesh |
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Tel No |
: |
Nil |
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Fax No |
: |
Nil |
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Owned |
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Rented |
Ö |
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Leased |
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Area |
2400 |
Sq. ft. |
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Branch Address: |
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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
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In Office |
: |
2 |
Warehouse |
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N/A |
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In Branch |
: |
N/A |
Total |
: |
2 |
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Details: |
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PROPRIETOR
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Names of
Proprietor |
: |
Mr. Amir Hossain |
MANAGEMENT
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Name |
: |
Mr.
Amir Hossain |
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Job Description |
: |
Proprietor
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Nationality |
: |
Bangladeshi |
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Email address |
: |
N/A |
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Other details |
: |
88-01714925245 |
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
Dealings In: |
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Products |
: |
Stone |
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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
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L/C |
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Cash |
Ö |
Others |
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|||
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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 |
: |
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 |
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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 |
: |
N/A |
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Auditors |
: |
N/A |
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Operation Status |
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Active |
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CAPITAL
STRUCTURE
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Capital
Invested |
: |
BDT 5
Million |
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Assets |
: |
BDT 6.73
Million |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
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Name of The Group |
: |
Nil |
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Name of Mother Company |
: |
Nil |
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Subsidiary |
: |
Nil |
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Sister Concerns |
: |
Nil |
BANKING
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Bank Name |
: |
National
Bank Limited |
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Bank Address |
: |
Burimari Branch Burimari, Ward# 01,
Islampur, Patgram, Lalmonirhat, Bangladesh Tel: 88-01730330444 |
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
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: |
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 Head
Office which is situated at Thana Road, Patgram Lalmonrihat, Bangladesh. The
company is in a Semi-commercial Area. |
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.04 |
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|
1 |
INR 92.28 |
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Euro |
1 |
INR 80.62 |
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BDT |
1 |
INR 0.78 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
PRA |
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|
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Report Prepared
by : |
NIT |
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.