MIRA
INFORM REPORT
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Report Date : |
02.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
Belcon Company Pvt Limited |
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Registered Office : |
Shantahar Road, Noagoan |
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Country : |
Bangladesh |
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Date of Incorporation : |
3rd February, 2000 |
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Com. Reg. No.: |
R-195 |
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Legal Form : |
Private Limited company |
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Line of Business : |
Engaged in importing and selling of commodities. |
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
Belcon Company Pvt Limited
Address
Shantahar
Road,
Noagoan
Bangladesh
Telephones : 880-741-62549
Fax : 880-741-61949
E-mail : bhbelcon@yahoo.com
Corporate Office
House
No.B-171,
Road No.23,
New DOHS,
Mohakhali,
Dhaka,
Tel. 8815737
E-Mail.belcon@dhaka.com
SUMMARY
Established : February, 2000
Incorporation
No. : R-195
Incorporation
Dated : 3rd
February, 2000
Managing
Director & CEO : Mr. Belal
Hossain
Employees
15
Executives- 2
Junior
Executives- 2
Field
Staffs- 4
Sales
Staffs- 2
General
Staffs- 5
BANK
National
Bank Limited
Noagoan
Branch,
Noagoan
Arab
Bangladesh Bank Limited
Kustia
Branch,
Kustia
Mercantile
Bank Limited
Noagoan Branch,
Noagoan
FACTORY
N/A
BRANCH
NIL
OFFICE AREA
1,600 sq. ft. (rented)
FACTORY AREA
N/A
WAREHOUSE AREA
15,800 sq.
ft. (rented)
DIRECTORS & SHAREHOLDERS
Mr. Belal Hossain - Chairman & Managing Director
Mr. Mohammad
Naheed Hossain Siraji
Mrs. Laily
Hossain
HISTORY
Subject was established in February, 2000 by Mr. Belal
Hossain and the other directors in Noagoan city.
BUSINESS
The company is engaged in importing and selling of commodities.
ITEMS DELING IN
Rice
Wheat
PRODUCTION POSITION
Production Capacity-----N/A
Last year Production----N/A
MAJOR CLIENTS
Local Consumers
FROM
Pakistan
Indonesia
Myanmar
Thailand
Vietnam
India
NAME OF GROUP
NIL
NAME OF THE SISTER CONCERNS
NIL
MEMBER
Rajshahi Chamber of Commerce & Industries, Rajshahi.
LEGAL FORM
Subject is a Private Limited company incorporated with the
Registrar of Joint Stock of Companies Rajshahi.
FINANCIAL INFORMATION
Capital Invested Tk.30
million Tk.28 million Tk.28 million
Turnover Tk.680
million Tk.678.5 million Tk.677.8 million
Liability Tk.11.4
million Tk.12.7 million Tk.13 million
Fixed Assets Tk.50
million Tk.50 million Tk.50 million
CAPITAL STRUCTURE
Authorized Capital Tk.10 million
Paid Up Capital Tk.125, 000.00
Each Share value Tk.100.00
EXCHANGE
RATE
GB Pound 1.00=Tk.140.1706
US Dollar 1.00=Tk. 69.4850
Europe Euro 1.00=Tk. 94.9041
Japanese
Yen 1.00=Tk. 0.5712
Australian
Dollar 1.00=Tk. 59.7270
COMMENTS
Subject is a family owned private limited company engaged in
importing and selling of Rice and Wheat. Subject has a supply chain in 62
districts of the country.
Directors are experienced businessman of good reputation. They
are financially sound and good their business commitments, it 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. |
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%)