MIRA INFORM REPORT

 

 

 

Report Date :

17th May 2006

 

IDENTIFICATION DETAILS

 

Name :

DHAKA TELECOM SYSTEMS

 

 

Registered Office :

Apt# B-1, Oriental Latimi,
 132 Elephant Road,
Dhaka-1217,
Bangladesh.

 

 

Date of Incorporation :

2005

 

 

Legal Form :

Proprietorship

 

 

Line of Business :

Engaged as an Internet Service Provider

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

Small

 

Status :

New Company

 

 

Payment Behaviour :

--

 

 

Litigation :

--

 

 

NAME

 

DHAKA TELECOM SYSTEMS


Office

 

Apt# B-1, Oriental Latimi,
 132 Elephant Road,
Dhaka-1217,
Bangladesh.

Head Office             

Sruti Tower (4th Floor)

Plot- 8, Main Road, Block- Ka,Section- 6

Mirpur, Dhaka,         
Bangladesh

Telephones           : 880-2-8127952, 8057038, 8057039
Fax                       : NIL
E-mail                  : info@dhakatel.com

                     

SUMMARY


Established                              : 2005

Incorporation No.                     : N/A

Incorporation dated                 : N/A

Status                                      : Satisfactory

Proprietor                                : Mr. Ashraful Alam

Payment                                  : Regular

Litigation                                 : NIL

Capital Invested                       : Tk. million

Sales                                        : Tk. million

Employees                               : 11
Executives                      - 1
Jr.Executive                   - 2
Engineers                       - 2
Technicians                    - 1
Support Staffs                - 2
General Staffs                - 3


 BANK


Brac Bank Limited
Dhanmondi Branch,
Dhaka

Janata Bank
Dhaka College Branch,
Mirpur Road,
Dhaka


FACTORY

                        
N/A
                        

PROPRIETOR


Mr.Ashraful Alam


HISTORY


The company was established in Dhaka city in 2005 by Mr.Ashraful Alam


BUSINESS


The company is engaged as an Internet Service Provider


SERVICES OFFERED

                        
DSL Broadband Internet Service
Wireless / Radio Link Broadband Internet Service
Domain Hosting
Web Design
                

TECHNOLOGICAL BACK UP BY


Sisco Systems
3COM
Hewlett Packerd (HP)
Codan
Canopy
Intel
Compaq
Emerging Technologies
Comtech
Dasan Networks Incorporated
Norsat International Inc.
Prodelin Corporation
                        

MAJOR CLIENTS


Corporate Offices
Individuals     
Cyber Cafes etc.


NAME OF THE GROUP


NIL


NAME OF THE SISTER CONCERNS


Fidelity Computers, Dhaka
(Importer & Traders Of Computer accessories)


MEMBER


Dhaka Chamber of Commerce & Industry,Dhaka.
ISP Association Of Bangladesh, Dhaka


LEGAL FORM

 

The subject is a proprietorship company.

 

FINANCIAL INFORMATION   


                                      2004                     2003            2002
Capital Invested            Tk. 3 million            --------------                  ---------------

Sales                              Tk. 6.3 million                 --------------                    --------------- 

Liability                         Tk.2.2 million         ----------------                 -----------------

Fixed Assets                   Tk. 4 million         -----------------               --------------------



CAPITAL STRUCTURE


Authorized Capital         : N/A

Paid up Capital              : N/A

Each Share Value          : N/A
        

EXCHANGE RATE


GB Pound             1.00=Tk.116.6307
US Dollar              1.00=Tk.63.3440
Europe Euro         1.00=Tk.79.8476
Japanese Yenn     1.00=Tk. 0.5959
                        

COMMENTS


The subject is a proprietorship company engaged as an Internet service provider.The speed of their connection is pretty food and they  so they are getting a good response from  local Cyber cafe and private individuals along with the Corporate Offices.The subject has a reliable satellite link, connected with US backbone via Hawaii.

Mr.Ashraful Alam, the proprietor of this company is an experienced man in IT and he knows his job well.He is financially solvent and good at his business commitments, it is reported.

The company is alright for normal business engagements.

GENERAL OBSERVATIONS

 

We could not trace the subject at the address given by you.  There is no such road at Mirpur Area nor we could found any apartment in the name of “Oriental Lag Cabin”.

 

After searching for last 3/4 days we have found one company named as – “Dhaka Telecom” which is owned by Genuity Systems Limited.  Their address is situated at – “Sruti Tower [4th Floor], Plot No. 8, Main Road, Block – Ka, Section – 6, Mirpur, Dhaka.”

 

We would request you to check with your client whether they want report on the above mentioned company.  If not they should give the proper/correct address or telephone number, so that we can trace the subject.

 

 RATING EXPLANATIONS

 

 

RATING

STATUS

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions