MIRA
INFORM REPORT
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Report Date : |
06.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
BANGLADESH METROLOGICAL DEPARTMENT |
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Registered Office : |
Abhawa Bhaban, Agargaon, Sher-E-Bangla Nagar, Dhaka-1207 |
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Country : |
Bangladesh |
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Date of Incorporation : |
January, 1972 |
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Legal Form : |
Government Department under the Ministry of Defense |
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Line of Business : |
Observe, Monitor and to issue Advance Signal |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY DETAILS
Name: Bangladesh
Metrological Department
Address: Abhawa Bhaban,
Agargaon,
Sher-E-Bangla Nagar,
Dhaka-1207
Country: Bangladesh
Tel No : 880-2-8116634,
8119832, 8113071, 9118448
Fax No. : 880-2-8118230
E-Mail: bmdswc@bdonline.com
Established: January 1972
Incorporation No
: N/A
Incorporation
Date: N/A
Under the Ministry of: Ministry of Defense, Government of Bangladesh
Business Type: Observe, Monitor
and to issue advance signal
Status: Satisfactory
Payments: No complaints have
been heard regarding payments
from local
suppliers or banks.
Litigation: NIL
LOCATIONS
Head Office: Abhawa Bhaban,
Agargaon,
Sher-E-Bangla Nagar,
Dhaka-1207,
Tel No : 880-2-8116634,
8119832, 8113071, 9118448,
Fax No. : 880-2-8118230
E-Mail: bmdswc@bdonline.com
Branch: 1 Chittagong
1 Sylhet
1 Khulna
1 Cox’s
Bazar
1 Rangpur
1 Bogra
Factory: N/A
DIRECTOR & CEO
Name: Mr.Mohamad Akram
Hossain
BUSINESS DETAILS
Line of Business:
Observe, Monitor
and to issue advance signal
BANKERS
Name: Sonali Bank
Limited
Branch: Local Principal
Branch
Address: Motijheel
Commercial Area,
Dhaka
Name : Sonali Bank
Limited
Branch : Agragoan Branch,
Address : Agargoan,
Dhaka
FINANCIAL INFORMATION
Yearly Budget: Tk.6.1 billion
Fixed Assets: Tk.12.2 billion
CAPITAL
STRUCTURE
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Authorized Capital |
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N/A |
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Paid Up Capital |
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N/A |
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Each Share Value |
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N/A |
EXCHANGE RATE
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CURRENCY |
UNIT |
BANGLADESHI TAKA |
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GB Pound |
1 |
137.1626 |
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U.S Dollar |
1 |
69.4000 |
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European Euro |
1 |
108.8231 |
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Japanese Yen |
1 |
0.6729 |
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Australian Dollar |
1 |
65.7102 |
GENERAL INFORMATION
No. of Employees: 1,191
Executives------------------30
Junior Executives---------118
Metorologists---------------64
Junior Meteorologists-------77
Engineers-------------------20
Junior Engineers-----------25
Observatory Controller----52
Observatory Supervisory--79
Supervisory Staffs--------160
Support Staffs ------------190
General Staffs-------------140
Technicians-----------------90
Skilled Workers-----------146
Range of Services: 1 To prepare and analyse
all weather charts and to make
Interpretation on the basis of analyses
1 To provide weather
forecasts for public, farmers,
Mariners and aviators on routine basis and also to issue
Warnings
for severe weather phenomena such as tropical
Cyclones, tornadoes, nor’westers, heavy rainfall
1 To maintain surveillance
of weather radars for probing
Impending tropical cyclones, nor’westers and
tornadoes
1 To exchange
meteorological data, forecasts and warnings
to meet
national and international requirements
1 To receive round the
clock satellite imageries for timely
use in
operational meteorology
1 To
extract, maintain quality control, process, archive and
publish climatic data for
use of various interested agencies
at home and abroad
Yearly Production Capacity:
N/A
Last Year Production:
N/A
Office Area: 4,600 sq.ft (own)
Factory Area: N/A
Name of the Group: N/A
Subsidiaries: N/A
COMMENTS
The subject is a Government Department under the ministry of
Defense and their main responsibility is to observe the weather and when
necessary to give precaution signal to public. The department has got
35-observatory station all over the country plus the needed high-tech
equipments to do their job.
Mr.M.Akram Hossain, the director of the department is an old
and experienced man in this line and is a senior government official who knows
his job well.
The company is good for normal business engagements.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 42.00 |
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UK Pound |
1 |
Rs. 82.14 |
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Euro |
1 |
Rs. 65.09 |
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%)