MIRA
INFORM REPORT
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Report Date : |
27th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
ASM
CHEMICAL INDUSTRIES LIMITED |
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Registered Office : |
240,Tejgaon Industrial Area, Dhaka-1208, Bangladesh. |
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Country : |
Bangladesh |
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Date of Incorporation : |
27.06.2005 |
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Com. Reg. No.: |
C-57807 |
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Legal Form : |
Public
Limited Company |
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Line of Business : |
Engaged
in manufacturing and selling of all kinds of Industrial Chemicals. |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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Status : |
New
Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Company Name
ASM Chemical Industries Limited
Address
240,Tejgaon Industrial Area,
Dhaka-1208,
Bangladesh
Telephones :880-2-8832671,8829161,
Fax : 880-2-9881481
E-mail : azizgroupbd@bol-online.com
Head Office
Zaman Court (2nd
Floor),
45,Dilkusha Commercial
Area,
Dhaka,
Tel. :880-2-9554101,9551479, 9551583,
Fax. : 880-2-9559433,
E-Mail. :azizcorp@gononet.com
SUMMARY
Established : 2005
Expected Commercial Production From : January,2007
Incorporation No. : C-57807
Incorporation Dated : 27th June,2005
Status : Satisfactory
Managing Director & CEO : Mr.M.Rajibul Haque Chowdhury
Payment : Regular
Litigation : Nil
Capital Invested : Tk.26 million
Sales : Operation not yet started
Employees : 12
Executives- 2
Junior Executives- 2
Engineers- 2
Chemist 2
General Staffs- 4
BANK
Islami Bank Bangladesh Limited
Corporate Office,
Nawabpur Road,
Dhaka.
FACTORY
Mouwa,
Sreepur,
District : Gazipur,
BRANCH
NIL
OFFICE AREA
1,550 sq.ft (own)
FACTORY AREA
23,400 sq.ft (own)
WAREHOUSE AREA
5,200 sq.ft.(own)
DIRECTORS & SHAREHOLDERS
Mr.M.Azizul Haque Chowdhury
-Chairman
Mr.M.Rajibul Haque Chowdhury
—Managing Director
Mr.M.Abdul Hafiz
HISTORY
The company was established in June,2005 in Dhaka city by Mr.M.Rajibul
Haque Chowdhury and other directors.
BUSINESS
The company on completion will go
for manufacturing and selling of all kinds of
Industrial Chemicals.
PROPOSSED RANGE OF PRODUCTS
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Textile Processing Chemicals
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Dyestuff or Dyeing Chemicals
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Printing Chemicals
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Textile Finishing Chemicals
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Washing Chemicals
PROPOSSED BUYERS
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Local Industries
RAW MATERIALS WILL BE IMPORTED
FROM
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China
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Taiwan
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EEC Countries
TERM OF PURCHASE
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Against Sight L/C,
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Against Deferred Payment
TERMS OF SALES (PROPOSSED)
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Cash
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Credit
NAME OF GROUP
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Aziz Group
GROUP COMPANIES
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Aziz Garments Ltd,
Dhaka
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Aziz Fashions Ltd,
Dhaka
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Aziz Trading Dhaka
MEMBER
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Dhaka Chamber of Commerce & Industries, Dhaka.
LEGAL FORM
The subject is a public limited
company incorporated with the Registrar of Joint Stock of Companies Dhaka.
FINANCIAL INFORMATION
2005
Capital Invested Tk.26 million
Turnover Not yet started
Liability Tk.12.2 million
Fixed Assets Tk.50 million
CAPITAL STRUCTURE
Authorized Capital Tk.50 million
Paid up Capital Tk.200,000.00
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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 private limited
company engaged in who will on completion of their erection will produce all
kinds of Industrial Chemicals which will be sold in the local
market/industries.
The directors are very experienced
businessman who are well acquainted in their line of trade. They are financially rich and good at their business commitments,
it reported.
The company is good for any normal
business engagements.
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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