|
|
|
MIRA INFORM REPORT
|
Report No. : |
495236 |
|
Report Date : |
29.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
AP TRADERS |
|
|
|
|
Registered Office : |
Amir Market (Ground Floor), 15, Khatungonj, Chittagong-4217 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Financials (as on) : |
30.06.2017 |
|
|
|
|
Year of Establishment : |
2010 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Subject is engaged in Distributor and Importer of Spices, Chemicals. |
|
|
|
|
No. of Employees : |
4 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
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) |
|
Bangladesh |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
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.
|
Source
: CIA |
IDENTIFICATION DETAILS
|
||
|
Correct
company Name |
: |
AP Traders |
|
Head
Office |
: |
Amir Market (Ground Floor), 15, Khatungonj, Chittagong-4217, Bangladesh |
|
Tel
No |
: |
88-01819613135,
01781620345 |
|
Fax
No |
: |
Nil |
|
E-mail |
: |
aptraders75@gmail.com |
|
Website |
: |
Nil |
|
Date/
Year of Establishment |
: |
2010 |
|
Trade License No |
: |
160176 (Issue Date:
30.06.2015) |
|
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)
________________ |
|
Issuing
Authority |
: |
Registrar
of Joint Stock Companies & Firms
City Corporation Municipal Administration Union Council Cantonment Board Chief Controller of Import & Export |
Other
Registry & Certification Details
|
|
|||||||||||||
|
Value Added Tax(BIN) No |
: |
00025425 |
Date of Registration |
: |
N/A |
|||||||||
|
Issuing Authority |
: |
National Board of Revenue |
|
|||||||||||
|
|
|
|||||||||||||
|
Value Added Tax(VAT) No |
: |
24041247447 |
Date of Registration |
: |
N/A |
|||||||||
|
Issuing Authority |
: |
National Board of Revenue |
|
|||||||||||
|
|
|
|||||||||||||
|
Import Registration Certificate No |
: |
Ba-1166740 |
Date of Registration |
: |
N/A |
|
||||||||
|
Issuing Authority |
: |
Chief Controller of Import & Export (CCIE) |
|
|||||||||||
FINANCIALS- SUMMARY
|
|||
|
Year |
Turnover/ Sales |
Assets |
Income |
|
30th June, 2016 |
BDT 35 Million |
BDT 6.50 Million |
BDT 0.35 Million |
|
30th June, 2017 |
BDT 49 Million |
BDT 7.23 Million |
BDT 0.84 Million |
FULLCHECK
REPORT DETAILS
|
||
|
Information Parted By |
||
|
Name |
: |
Mr.
Palash Kanti Dey |
|
Designation |
: |
Proprietor |
|
Contract
No |
: |
N/A |
|
Locations Details |
||
|
Business
Address |
: |
Amir Market (Ground Floor), 15, Khatungonj, Chittagong-4217,
Bangladesh |
|
Tel
No |
: |
88-01819613135,
01781620345 |
|
Fax
No |
: |
Nil |
|
E-mail |
: |
aptraders75@gmail.com |
|
Website |
: |
Nil |
|
Location : |
: Owned |
|
Rented |
Ö |
|
Leased |
|
Area |
450 |
Sq. ft. |
|
Type of Office : |
:
Commercial
Area. |
Ö |
|
Semi-commercial office Bldg. |
|
|
|
Retail shop |
|
|
Industrial Park |
|
|
|
|
Business Center |
|
|
Home Office |
|
|
|
|
Residential Bldg. |
|
|
|
|
|
|
Warehouse
Address: |
||
|
|
||
|
Address |
: |
Amir Market (Ground
Floor), 15, Khatungonj, Chittagong-4217, Bangladesh |
|
Tel
No |
: |
Nil |
|
Fax
No |
: |
Nil |
|
Owned |
|
|
Rented |
Ö |
|
Leased |
|
Area |
1200 |
Sq. ft. |
|
Branch
Address: |
||
|
Address |
: |
Nil |
|
Tel
No |
: |
Nil |
|
Fax
No |
: |
Nil |
|
Employee: |
|
||||||
|
|
|
||||||
|
No. of Employees |
In Office |
: |
1 |
Warehouse |
: |
N/A |
|
|
Sales |
: |
3 |
Total |
: |
4 |
||
PROPRIETOR
|
||
|
Names of Proprietor |
: |
Mr. Palash Kanti Dey |
MANAGEMENT
|
||
|
Name |
: |
Mr.
Palash Kanti Dey |
|
Job
Description |
: |
Proprietor |
|
Nationality |
: |
Bangladeshi |
|
Email
address |
: |
N/A |
|
Other
details |
: |
88-01819613135, 01781620345 |
BUSINESS
OPERATIONS
|
||||||||
|
Nature of
Activity : |
Manufacturer |
Trader |
|
Dealer |
|
Distributor |
Ö |
|
|
|
|
|||||||
|
|
Exporter |
|
Importer |
Ö |
Services |
|
Others |
|
|
Item Dealings In: |
||
|
|
||
|
Products |
: |
Spices,
Chemicals |
|
Import Products |
: |
N/A |
|
Export products |
: |
N/A |
Trading Terms:
|
Purchasing Terms: |
L/C |
Ö |
Cash |
|
Others |
|
|
|||
|
|
Credit : |
|
30 days |
|
60 days |
Ö |
90 days |
|
|
days |
|
Selling Terms : |
L/C |
|
Cash |
Ö |
Others |
|
|
|||
|
|
Credit : |
Ö |
30 days |
|
60 days |
|
90 days |
|
|
days |
DETAILED
DATA
|
|
||||||
|
Trade Reference & Related Parties |
: |
Overseas Clients |
: |
N/A |
|
||
|
Local Clients |
: |
N/A |
|
||||
|
Overseas Suppliers |
: |
N/A |
|
||||
|
Local Suppliers |
: |
N/A |
|
||||
|
Trade Markets |
: |
Exports |
: |
N/A |
|
||
|
Imports |
: |
India, China |
|
||||
|
Brand Name |
: |
N/A |
|||||
|
Certified |
: |
N/A |
|||||
|
Auditors |
: |
N/A |
|||||
|
Operation Status |
: |
Active |
|||||
CAPITAL
STRUCTURE
|
||
|
Capital Invested |
: |
BDT 6
Million |
|
|
||
|
Assets |
: |
BDT 7.23
Million |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
|
||
|
Name of The Group |
: |
Nil |
|
Name of Mother Company |
: |
Nil |
|
Subsidiary |
: |
Nil |
|
Sister Concerns |
: |
Nil |
BANKING
|
|
|
|
Bank
Name |
: |
AB
Bank Limited |
|
Bank
Address |
: |
Jubilee Road 175, Jubilee Road, Enayet
Bazar, Chittagong-4217, Bangladesh Tel: 88-031-613362,
623316, 2868317 Fax: 88-031-613362,
2868317 |
ADVERSE
DATA MONITORING
|
||
|
Dishonored Checks |
: |
No
Record Found |
|
Debt |
: |
No
Record Found |
|
Litigation |
: |
Clear |
|
Performance Defaults |
: |
No
Record Found |
|
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 Amir Market (Ground Floor), 15, Khatungonj,
Chittagong-4217, Bangladesh. It is situated at 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 67.44 |
|
|
1 |
INR 89.88 |
|
Euro |
1 |
INR 79.00 |
|
BDT |
1 |
INR 0.80 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DNS |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
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.