MIRA
INFORM REPORT
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Report Date : |
25.06.2007 |
IDENTIFICATION DETAILS
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Name : |
Shabnam Vegetable Oil Industries Ltd |
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Registered Office : |
194,Tarabo, Rupganj, District : Narayanganj |
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Country : |
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Date of Incorporation : |
14th March,2000 |
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Comml. Regn.No.: |
C-39869 |
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Line of Business : |
Engaged in importing, refining, and selling of palm oil. |
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 : |
Regular |
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Litigation : |
Clear |
Report on
Shabnam
Vegetable Oil Industries Ltd
Address
194,Tarabo,
Rupganj,
District : Narayanganj
Telephones : 880-2-7618095-6
Fax : 880-2-7618050
E-mail : NIL
Head Office
T.
K. Bhaban
83,
Khatunganj,
Tel.
880-31-618095-6
SUMMARY
Established : March,2000
Incorporation
No. : C-39869
Incorporation
Dated : 14th
March,2000
Managing
Director & CEO : Mr. Nasim
Anwar
Employees
45
Executives- 2
Junior
Executives- 3
Engineers- 1
Chemist-Quality
Control- 3
Field
Staffs- 4
Supervisory
Staffs- 3
General Staffs- 3
Technicians- 2
Workers- 21
BANK
Arab
Bangladesh Bank Limited
Khatunganj
Branch,
Standard
Chartered Bank
Dilkusha
Branch,
BRANCH
Bogra
Sylhet
FACTORY
Plot No.8-11,
Sector-6,
Export Processing Zone,
OFFICE AREA
1,280 sq.
ft. (own)
FACTORY AREA
29,500 sq.
ft (own)
WAREHOUSE AREA
2,500 sq. ft
(own)
DIRECTORS
Mr. M. A.
Kalam -Chairman
Mr. M. A.
Tayub -Vice Chairman
Mr. Nasim
Anwar -Managing Director
Mrs. Khaleda
Begum
Mrs. Laila
Begum
HISTORY
The subject was established in March,2000 by Mr.M.A.Kalam
and other directors in
BUSINESS
The company engaged in importing, refining, and selling of palm oil.
Palm Oil
Vegetable
Oil
PRODUCTION POSITION
Production
Capacity : 100,000 m/tons
Last year
Production : 100,000 m/tons
FOREIGN SUPPLIERS
TERMS OF SALES
Cash
Credit
NAME OF GROUP
T. K. Group
NAME OF GROUP
COMPANIES
T.K.Oil
Refinery Ltd,
Baromasia
Teas Company Ltd,
T.K.Traders
Ltd,
Samuda oil
Refinery Ltd,
T.K.
Properties Ltd,
Shiblee
Vanaspati Products Ltd,
Samuda
Containers Ltd,
Rangamati
Tea Estate Ltd,
Multi Oil
Refinery Ltd,
T.K. Papers
Industries Ltd,
T.K. Steel
Ltd,
MEMBER
Dhaka
Chamber of Commerce & Industries,
LEGAL FORM
The subject is a private limited company incorporated with
the Registrar of Joint Stock of Companies,
FINANCIAL
INFORMATION
2006 2005 2004
Capital
Invested Tk.50 million Tk.50
million Tk.50 million
Turnover
Tk.380 million Tk.380.2
million Tk.379.8 million
Liability Tk.26.6 million Tk.27.9 million Tk.26.7 million
Fixed Assets
Tk.100 million Tk.100 million Tk.100 million
CAPITAL STRUCTURE
Authorized
Capital Tk.100
million
Paid up
Capital Tk.200,000.00
Each share
value Tk.100.00 each
EXCHANGE RATE
GB
Pound 1.00=Tk.130.9764
US Dollar 1.00=Tk.
69.8000
Japanese
Yen 1.00=Tk. 0.6098
Australian
Dollar 1.00=Tk.
53.3891
COMMENTS
The subject is a private limited company and a
group member of T.K. Group who are mainly in cooking oil refining business. The
company’s products are of good quality and being sold all over the country.
The directors are well conversant in their line
of trade. They are financially solvent and good at their business commitment,
it is reported.
The company is good for 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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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%)