MIRA
INFORM REPORT
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Report Date : |
25.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
LIBERTY CHEMICAL |
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Registered Office : |
Badri Bhaban 56-57, Mitford Road, Dhaka-1000 |
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Country : |
Bangladesh |
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Financials (as on) : |
2007 |
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Date of Incorporation : |
June, 1999 |
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Legal Form : |
Proprietorship Concern |
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Line of Business : |
Importing and Selling of all types’ of Chemicals |
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: Liberty Chemical
Address: Badri Bhaban
56-57, Mitford Road,
Dhaka-1000,
Country: Bangladesh
Tel No : 880-2-7321935-6,
Fax No : 880-2-9666777
E-Mail: bzk@citechco.net
Established : June,
1999
Incorporation No : N/A
Incorporation Date: N/A
Legal Structure:
The subject is
Proprietorship Concern
Business Type:
Importer & Sellers
Status: Satisfactory
Payments: No complaints
have been heard regarding payments
from
local suppliers or banks.
Litigation: NIL
LOCATIONS
Head Office: Badri Bhaban
56-57, Mitford Road,
Dhaka-1000,
Tel No : 880-2-7321935-6,
Fax No : 880-2-9666777
E-Mail: bzk@citechco.net
Branch: NIL
Factory: N/A
PROPRIETOR & CEO
Name: Mr.Mohammad
Zakir Hossain
Designation: Proprietor
BUSINESS DETAILS
Line of Business: Importers & Sellers
Items Dealing
In: 1 Leather Chemicals
1 Rubber
Chemicals
1 Pharmaceutical
Chemicals
Terms of Sale: 1 Cash
1 Credit
BANKERS
Name: National
Bank Limited
Branch: Mitford
Branch,
Address: Mitford,
Dhaka
The company performs most of the business transactions with the above
mentioned bank. No more details were provided.
FINANCIAL INFORMATION
2007 2006 2005
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Capital Invested |
Tk.5 million |
Tk.5 million |
Tk.5 million |
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Turnover |
Tk.32 million |
Tk.30 million |
Tk.29.2 million |
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Liability |
NIL |
NIL |
NIL |
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Fixed Assets |
Tk.9 million |
Tk.8 million |
Tk.8 million |
CAPITAL STRUCTURE
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Authorized Capital |
: |
N/A |
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Paid Up Capital |
: |
N/A |
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Each Share Value |
: |
N/A |
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: 7
Executives-----------------2
Sales Staffs- ------------- 3
General
Staffs------------ 2
Office Area: 520
sq.ft (rented)
Factory Area: N/A
Warehouse Area: 800 sq.ft.(rented)
Import From: 1 China
1
Taiwan
1 Korea
Name of the Group: NIL
Subsidiaries: 1 Limpex Corporation,
Member 1 Dhaka Chamber of Commerce &
Industries, Dhaka
COMMENTS
The subject is a proprietorship concern engaged in importing
and selling of all types’ of chemicals. The subject is enlisted with various
industries as s reliable suppliers of chemicals.
The proprietor is conversant in their line of trade and he
is also experienced businessman. He is financially solvent and good at his
business commitments, it is reported.
The concern 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%)