MIRA
INFORM REPORT
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Report Date : |
24th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
CEDAR
BANGALADESH LIMITED |
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Registered Office : |
House No.206, Lane No.10, New DOHS, Mohakhali, Bangladesh |
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Country : |
Bangladesh |
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Financials (as on) : |
2005 |
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Date of Incorporation : |
24.10.1995 |
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Com. Reg. No.: |
C-29569 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Engaged in the business of marketing, importing and whole selling of poultry/fish related products. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Company name
Cedar Bangladesh
Limited
Address
House No.206,
Lane No.10,
New DOHS,
Mohakhali,
Bangladesh.
Telephones : 880-2-9881933,8815204, 8825318,
Fax : 880-2-9883330,8811536
E-mail : sbgroup@bdonline.com
SUMMARY
Established : 1995
Incorporation No. : C-29569
Incorporation Dated : 24th October,1995
Status : Satisfactory
Managing Director & CEO : Engg.M.Shafiqul Islam
Payment : Regular
Litigation : Nil
Capital Invested : Tk.10 million
Sales : Tk.78 million
Employees : 22
Executives- 2
Junior Executives- 3 Field Staffs- 12
Supervisory
Staffs- 2
General Staffs- 3
BANK
Social Investment Bank
Limited
Motijheel Commercial
Area,
Dhaka.
Islami Bank Bangladesh
Limited,
VIP Road Branch,
Dhaka,
BRANCH
NIL
FACTORY
N/A
OFFICE AREA
1,200 sq.ft.(rented)
FACTORY AREA
N/A
WAREHOUSE AREA
3,200 sq.ft (rented)
DIRECTORS & SHAREHOLDERS
Engg.M.Shafiqul Islam
-Chairman & Managing Director
Mr.Mofizul Islam
HISTORY
The company was
established in October,1995 by Engg.M.Shafiqul Islam and other director in
Dhaka city.
BUSINESS
The company is engaged
in the business of marketing, importing and whole selling of poultry/fish
related products.
ITEM DEALING IN
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Poultry Feeds
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Veterinary medicines,
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Poultry & Liver stocks
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Vaccines,
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Additives,
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Raw Materials
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Animal & Fish Feeds Industry
PRODUCTION POSITION
Yearly production
Capacity : N/A
Last year Production : N/A
MAIN FOREIGN SUPLIERS
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UK
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USA
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India
MAJOR CLIENTS
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Local Poultry Firms
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Local Fish Firms
TERM OF SALES
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Cash
Ø Credit
NAME OF GROUP
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S.B. Group
SISTER CONCERN
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Sohi Business Limited, Dhaka
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Mohammad Shafiqul Islam & Co., Dhaka
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Silcon Enterprise Limited, Dhaka
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Earth Recourses Consultants Limited, Dhaka
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Educare Enterprise Limited, Dhaka
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Silva Housing Limited, Dhaka
MEMBER
Dhaka Chamber of
Commerce & Industries, Dhaka
LEGAL FORM
The subject is a
private limited company incorporated with the Registrar of Joint Stock of Companies
Dhaka.
FINANCIAL INFORMATION
2005 2004 2003
Capital Invested Tk.10 million Tk.10
million Tk.9.6 million
Turnover Tk.78 million Tk.77.5 million Tk.77.8 million
Liability Tk.4.5 million Tk.4.5 million Tk.4 million
Fixed Assets Tk.52 million Tk.50 million Tk.50
million
CAPITAL STRUCTURE
Authorized Capital Tk.10 million
Paid up Capital Tk.250,000.00
Each share value Tk.100.00 each
EXCHANGE RATE
GB Pound 1.00=Tk.130.9764
US Dollar 1.00=Tk. 69.8000
Europe Euro 1.00=Tk.
89.3847
Japanese Yen 1.00=Tk. 0.6098
Australian Dollar 1.00=
Tk.53.3891
COMMENTS
Subject is a family
owned private limited company and are engaged in the business of marketing,
import and Wholesale of poultry/fish
related items. The company is quite well known in the local poultry/fish
trading circle as genuine supplier of said items. The quality of their products
are very good and they are well known in overseas markets.
Directors are well
conversant in their line of trade and they are also experienced businessmen of
good reputation.
The company can be
considered normal for business dealings at usual trade terms and conditions.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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