MIRA
INFORM REPORT
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Report Date : |
28.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
BENGAL COSMETICS LIMITED |
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Registered Office : |
Bilquis Tower (4th Floor), Plot No.6, 2nd Circle
Gulshan, Dhaka |
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Country : |
Bangladesh |
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Financials (as on) : |
2006 |
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Date of Incorporation : |
July, 1997 |
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Com. Reg. No.: |
C-33285 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing, Selling of Perfumes and Cosmetics |
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 |
COMPANY DETAILS
Name: Bengal Cosmetics Limited
Address: Bilquis Tower
(4th Floor),
Plot
No.6,
2nd Circle Gulshan,
Dhaka
Country: Bangladesh
Tel No : 880-2-8829800, 8815569,
8815570,
Fax No : 880-2-8828509,
8813026,
E-Mail: presige@bol-online.com
Established: July,
1997
Incorporation No: C-33285
Incorporation Date: 6th July, 1997
Legal Structure:
The subject is a Private
Limited Company that was
Incorporated in the Registrar of
Joint Stock of
Companies, Dhaka.
Business Type:
Importer, Distributor,
wholesaler
Status: Satisfactory
Payments: No complaints
have been heard regarding payments
from
local suppliers or banks.
Litigation: NIL
LOCATIONS
Head Office: Bilquis Tower (4th
Floor),
Plot
No.6,
2nd Circle Gulshan,
Dhaka
Branch: NIL
Factory: Bilquis Tower (4th
Floor),
Plot
No.6,
2nd Circle Gulshan,
Dhaka
Warehouse: Bilquis Tower (4th
Floor),
Plot
No.6,
2nd Circle Gulshan,
Dhaka
DIRECTORS & SHAREHOLDERS
Name: Mr.Frederic
Cassin
Designation: Chairman
Name: Mr.Antoine
Monnier
Designation: Managing Director
Name: Ms.Corimme
Dupureq
Designation: Director
BUSINESS DETAILS
Line of Business:
Importer, Distributor,
wholesaler
Items Dealing
In: 1 All types of Prime Quality Perfumed Cosmetics
Terms of Sale: 1 Cash
1 Credit
BANKERS
Name: Standard
Chartered Bank
Branch: Gulshan
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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2006 |
2005 |
2004 |
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Capital Investment |
Tk.10 million |
Tk.30 million |
Tk.30 million |
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Turnover |
Tk.110 million |
Tk.106.9 million |
Tk.108 million |
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Liability |
NIL |
NIL |
NIL |
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Fixed Assets |
Tk.52 million |
Tk.52 million |
Tk.50 million |
CAPITAL STRUCTURE
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Authorized Capital |
: |
Tk.10 million |
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Paid Up Capital |
: |
Tk.300,000.00 |
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Each Share Value |
: |
Tk.100.00 |
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: 25
Executives----------------- 2
Junior Executives---------3
Field Staffs------------------5
Supervisory
Staffs---------6
Support
Staffs--------------3
General
Staffs--------------6
Office Area: 1,250
sq.ft (rented)
Factory Area: N/A
Warehouse Area: 2,500 sq.ft.(rented)
Imported
From: 1
Gueriain------------------Paris
1 Lalique Celine------------Paris
1 Carilina Harrera----------New York
1 Paul Smith---------------Paris
1 Pierre Cardin------------Paris
1 Kenzo--------------------Paris
1 Nina Ricci----------------Paris
1 Paco Rabanne-----------Paris
1 Perfumes Givenchy-----Paris
1 Lotia Lempicka----------Paris
Name of the Group: NIL
Subsidiaries: NIL
Member 1 Dhaka Chamber of Commerce &
Industries, Dhaka
COMMENTS
The subject is a private limited company who is engaged in
importing, selling of perfumes and cosmetics. Their products are sold over the
entire country and they are extremely well reputed as genuine supplier of
perfumes and cosmetics.
The directors are well conversant in their line of trade and
they are also experienced businessman. They are financially solvent and good at
their business commitments, 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. |
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%)