MIRA INFORM REPORT

 

 

Report Date :

22.06.2007

 

IDENTIFICATION DETAILS

 

Name :

PC PHONE LIMITED

 

 

Registered Office :

5/A-25, Razia Sultana Road, Mohammadpur, Dhaka

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

3rd February,1999

 

 

Com. Reg. No.:

C-37209

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importing and selling of telecommunication equipments.

 

 

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 :

Regular

 

 

Litigation :

Clear

 

 

Report on  

 

PC PHONE LIMITED

 

 

Address           

 

5/A-25,Razia Sultana Road,

Mohammadpur,

Dhaka,

Bangladesh

Telephones        : 880-1711-396457

Fax                   : NIL

E-mail               : NIL

                                                                                     

                                                                         

SUMMARY

 

Established                                                                   : February,1999

Incorporation No.                                                            : C-37209

Incorporation Dated                                                        : 3rd February,1999

Managing Director & CEO                                               : Mr. Sheraz Bin Faruk

 

 

Employees

 

22                                                                                                                                                         

 

Executives-                2   

Junior Executives-     4                                 

Sales Staffs-              6     

Support Staffs-          2       

General Staffs-          4      

Technicians-              4       

                                                                                     

 

BANK

 

Agrani Bank Ltd

Elephant Road Branch,

Dhaka.

 

                          

BRANCH

 

NIL

 

                                                                            

FACTORY

 

N/A

 

 

OFFICE AREA

 

900 sq. ft.(rented)

 

                                   

FACTORY AREA

 

N/A

 

 

WAREHOUSE AREA

 

1,900 sq. ft (rented)

 

 

DIRECTORS & SHAREHOLDERS

 

Mr. Sheraz Bin Faruk -Chairman  & Managing Director

Mrs. Shanaz Faruk

 

 

HISTORY

 

The subject was established in February,1999 by Mr.Sheraz Bin Faruk and other directo in Dhaka city.

 

 

BUSINESS

 

The company is engaged in importing and selling of telecommunication equipments.

 

 

PRODUCTION POSITION

 

N/A

 

 

MAJOR CLIENTS

                       

Bangladesh Telegraph & Telephone Board, Dhaka

Private Telephone Companies

 

 

 

PRINCIPALS  FROM

 

China

Hong Kong

Korea

Thailand

Taiwan

Singapore

 

 

TERMS OF SALES

 

Cash

Credit

 

 

NAME OF GROUP

                                   

NIL

 

 

SISTER CONCERN

 

NIL

 

 

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    

 

                                    2006                             2005                             2004

 

Capital Invested             Tk.4.5 million                 Tk.4.5 million                 Tk.4 million

 

Turnover                        Tk.12 million                  Tk.11.9 million               Tk.11.7 million

 

Liability                         NIL                               NIL                               NIL

 

Fixed Assets                 Tk.2 million                    Tk.2 million                    Tk.2 million                   

 

           

CAPITAL STRUCTURE

 

Authorized Capital                      Tk.10 million

 

Paid up Capital                          Tk.450,000.00

 

Each share value                       Tk.100.00

 

 

EXCHANGE RATE

 

GB Pound                     1.00=Tk.129.1870

US Dollar                      1.00=Tk. 68.6654

Europe Euro                  1.00=Tk. 87.0154

Japanese Yen                1.00=Tk.  0.5831

Australian Dollar            1.00=Tk. 52.3228

 

 

COMMENTS

 

The subject is a private limited company engaged in importing and selling of telecommunication equipments. The company regularly takes part in the international tenders on behalf of our principals. They are enlisted with the major telephone companies as suppliers.

 

The director are well conversant in their line of trade and they are also experienced businessman.

 

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

 

 

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 and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

 

 

 

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