MIRA
INFORM REPORT
|
Report Date : |
27th
November, 2006 |
IDENTIFICATION
DETAILS
|
Name : |
G. C.
BOX LIMITED |
|
|
|
|
Registered Office : |
523,Shahid Nagar, Hathazari Road,Chittagong-4211, Bangladesh. |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
10.10.1994 |
|
|
|
|
Com. Reg. No.: |
CH-1727 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Engaged
in manufacturing and selling of Polybox and
Packing cartoons. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory
|
|
|
|
|
Payment Behaviour : |
Usually
Correct |
|
|
|
|
Litigation : |
Clear |
Company name
G.C.Box Limited
Address
523,Shahid Nagar,
Hathazari Road,
Chittagong-4211
Bangladesh.
Telephones : 880-31-681795
Fax :
880-31-682817
E-mail : gcboxltd@abnetbd.com
SUMMARY
Established : 1989
Incorporation
No. :
CH-1727
Incorporation Dated : 10th
October,1994
Status :
Satisfactory
Managing Director & CEO : Mr.Mir
Nasir Ahmed (Bahar)
Payment : Regular
Litigation : Nil
Capital Invested :
Tk.15 million
Sales :
Tk.155 million
Employees : 246
Executives- 5
Junior Executives- 5
Engineers- 2
Junior Engineers 2
Quality Control- 1
Supervisory Staffs- 6
Support Staffs- 14
General Staff- 10
Workers- 201
BANK
Arab Bangladesh Bank Ltd
Station Road Branch,
Chittagong,
FACTORY
523,Shahid Nagar,
Hathazari Road,
Chittagong-4211
BRANCH
NIL
OFFICE AREA
2,000 sq.ft (own)
FACTORY AREA
10,000 sq.ft (own)
WAREHOUSE AREA
3,000 sq.ft (own)
SHAREHOLDER & DIRECTORS
Mr.Mir Nasir Ahmed Bahar
-Chairman & Managing Director
Ms.Mha Jabin Ahmed
HISTORY
The subject was established in
Chittagong city by Mr.Mir Nasir Ahemd Bahar and other director in 1989.
BUSINESS
The company is engaged in
manufacturing and selling of Polybox and
Packing cartoons.
RANGE OF PRODUCTS
Ø
Papers
Ø
Corrugated Cartons
Ø
Laminated Pouch Packs
RAW MATERALS FROM
Ø
Local Sources
Ø
Ester Industries Ltd- India
Ø
Salim Machine Tools- India
Ø
Jubilant Organysys Ltd- India
Ø
Thai Film Industries Co Ltd-India
MAJOR CLIENTS
Ø
Unilever Bangladesh Limited
Ø
Biscuits Industries
Ø
FMCGs Manufacturers
TERMS OF SALES
Ø
Cash
Ø
Credit
NAME OF GROUP
NILL
SISTER CONCERN
NIL
MEMBER
Ø
Bangladesh Cartons Manufacturers
Association, Dhaka
Ø
Chittagong Chamber of Commerce & Industries, Dhaka
LEGAL FORM
The subject is a private limited
Company incorporated with the Registrar of Joint Stock Companies, Chittagong
FINANCIAL INFORMATION
2005 2004 2003
Capital Invested Tk.15
million Tk. 15 million Tk.14.6
million
Turnover Tk.155 million Tk.154.4 million Tk.154.8
million
Liability NIL NIL NIL
Fixed Assets Tk.26 million Tk.26 million
Tk.25 million
CAPITAL STRUCTURE
Authorized Capital :Tk.5 million
Paid up Capital : Tk.1 million
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
The subject is a family owned
private limited company engaged in manufacturing and selling of Packing materials. The quality of their
products are good and they are very well reputed in the local market.
The directors are experienced and
well acquainted in their line of trade. They are financially solvent and good
at their business commitments, it reported.
The company is good for normal
business engagements.
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 |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|