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MIRA
INFORM REPORT
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Report Date : |
23.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
THE METAL (PVT) LIMITED |
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Registered Office : |
PBL Tower (14th Floor), 17, North C/A, Gulshan Circle-2, Dhaka-1212 |
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Country : |
Bangladesh |
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Financials (as on) : |
2007 |
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Date of Incorporation : |
04.02.1987 |
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Com. Reg. No.: |
C-16102 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing and Selling of Tractors for Agricultural
Purposes |
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 : |
No Complaints |
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Litigation : |
Clear |
COMPANY DETAILS
Name: The Metal (Pvt) Limited
Address: PBL Tower (14th
Floor),
17,
North C/A,
Gulshan Circle-2,
Dhaka-1212
Country: Bangladesh
Tel No : 880-2-9893981, 9898683
Fax No. : 880-2-8854004
E-Mail: metal@optimaxbd.net
Established: 1987
Incorporation No: C-16102
Incorporation Date: 04/02/1987
Legal Structure:
The subject is a Private
Limited Company
Incorporated in the Registrar of
Joint Stock of
Companies, Dhaka.
Business Type: Importer
& Seller
Status: Satisfactory
Payments: No complaints
have been heard regarding payments
from local suppliers or banks.
Litigation: NIL
LOCATIONS
Head Office: PBL Tower (14th
Floor),
17,
North C/A,
Gulshan Circle-2,
Dhaka-1212
Bangladesh.
Tel No : 880-2-9893981, 9898683
Fax No : 880-2-8854004
E-Mail: metal@optimaxbd.net
Branch: 1 Chittagong
1 Sylhet
1 Khulna
1 Rajshahi
1 Barisal
1
Mymensingh
1 Comilla
Assembling Plant: N/A
DIRECTORS & SHAREHOLDERS
Name: Engr.
Aminul Islam
Designation: Chairman
Name: Engr.
Sadid Jamil
Designation: Managing Director
BUSINESS DETAILS
Line of Business: Importer
& Seller
Items Dealing
In: Tractors
Terms of Sale: 1 Cash
1 Credit
BANKERS
Name: Pubali
Bank Limited
Branch: PBL
Branch,
Address: Gulshan,
Dhaka
The company performs most of the business transactions with the above
mentioned bank. No more details were provided.
FINANCIAL INFORMATION*
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2007 |
2006 |
2005 |
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Capital Invested |
Tk.28 million |
Tk.27.6 million |
Tk.27.2 million |
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Turnover |
Tk.205 million |
Tk.205 million |
Tk.205.8 million |
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Liability |
NIL |
NIL |
NIL |
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Fixed Assets |
Tk.20 million |
Tk.20 million |
Tk.21 million |
* The subject flatly
refused to reveal any financial information. Whatever given here is collected
unofficially and as such its authenticity could not be verified.
CAPITAL STRUCTURE
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Authorized Capital |
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Tk. 20 million |
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Paid Up Capital |
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Tk. 150, 000.00 |
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Each Share Value |
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Tk. 100.00 each |
EXCHANGE RATE
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CURRENCY |
UNIT |
BANGLADESHI TAKA |
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Great Britain Pound |
1 |
143.7238 |
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U.S Dollar |
1 |
69.4023 |
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European Euro |
1 |
101.3730 |
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Japanese Yen |
1 |
0.6176 |
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Australian Dollar |
1 |
63.2055 |
GENERAL INFORMATION
No. of Employees: 35
Executives-----------------04
Junior Executive-----------06
Engineers------------------02
Technicians----------------07
General
Staffs-------------16
Office Area: 2,200
sq.ft (rented)
Warehouse Area: 10,000 sq.ft.(rented)
Range of
Items: 1 Tractors
Brand Name: TAFE
Import From: 1 Tractors
& Farm Equipment Ltd (TAFE) - India
Name of the Group: NIL
Subsidiaries: 1 Jamil
Engineering Limited, Dhaka
1 The Metal
Agri Products Limited
Member: 1 Dhaka Chamber of Commerce &
Industries, Dhaka
COMMENTS
The subject is a Private Limited
Company engaged in importing and selling of tractors for agricultural purposes.
The quality of their product is satisfactory and has a good demand among the
peasants. They are economical and spare parts are easily available. The
subject’s after sale service is reported to be okay.
The directors are very experienced businessmen, who
themselves are engineers. They are well educated and have good reputation in
the trade circles.
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%)