MIRA
INFORM REPORT
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Report Date : |
20.12.2008 |
IDENTIFICATION
DETAILS
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Correct Name : |
DHAKA WAREHOUSE LIMITED |
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Registered Office : |
80, Gulshan Avenue, Dhaka-1212 |
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Country : |
Bangladesh |
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Financials (as on) : |
2007 |
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Date of Incorporation : |
15.08.1977 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Sell
all types of Consumer Goods, Electric Household Items and Liquors |
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 : |
Usually Correct |
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Litigation : |
Clear |
COMPANY DETAILS
Name: Dhaka Warehouse Limited
Address: 80, Gulshan
Avenue,
Dhaka-1212
Country: Bangladesh
Tel No : 880-2-9885771-4,
Fax No. : 880-2-8823454
E-Mail: dw@global-bd.net
Established: 1977
Incorporation No : C-5570
Incorporation Date: 15th August 1977
Legal Structure: Subject is a Private
Limited Company Registered with the Registrar of Joint Stock Companies, Dhaka
Business Type: Duty Free Retail Shop for Diplomats, UN &
Privileged persons
Status: Satisfactory
Payments: No complaints
have been heard regarding payments
from local suppliers or banks.
Litigation: NIL
LOCATIONS
Head Office: 80, Gulshan
Avenue,
Dhaka-1212
Country: Bangladesh
Tel No : 880-2-9885771-4,
Fax No : 880-2-8823454
E-Mail: dw@global-bd.net
Branch: NIL
DIRECTORS
Name: Mrs.Nazma Kabir
Designation: Chairperson
Name: Mr.Rana
Shafiullah
Designation: Managing Director
Name: Mr.Raqibul
Kabir
Designation: Director
BUSINESS DETAILS
Items Dealing In: 1 Alcoholic
Beverage
1 Toiletries
1 Food Items
1 Cigarettes
1 Cosmetics
1 Beer
1 Electrical Appliances
1 Home Textiles
1 Household Appliances
BANKERS
Name: Southeast
Bank Limited
Branch: Gulshan
Branch
Address: Gulshan
Dhaka
Name: HSBC,
Branch: Gulshan
Branch,
Address: Gulshan
Avenue,
Dhaka
FINANCIAL INFORMATION
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2007 |
2006 |
2005 |
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Capital Invested |
Tk.30 million |
Tk.30 million |
Tk.30 million |
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Turnover |
Tk.100 million |
Tk.99.5 million |
Tk.98 million |
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Liability |
Tk.1 million |
Tk.3 million |
Tk.3.2 million |
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Fixed Assets |
Tk.31 million |
Tk.31 million |
Tk.31 million |
CAPITAL STRUCTURE
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Authorized Capital |
: |
Tk.1 million |
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Paid Up Capital |
: |
Tk.424,000.00 |
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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 |
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: 40
Executives----------------4
Junior Executives-------5
Sales Staffs-------------15
Supervisory Staffs------5
Support Staffs-----------4
General Staffs------------7
Office Area: 1,000
sq.ft (rented)
Shop Area: 2,200
sq.ft (rented)
Warehouse Area: 10,000
sq.ft. (rented)
Imported From: 1 United Distillers & Vineyards Ltd--UK
1 Allied Distiller Ltd-----------------UK
1 Heineken
Far East (S) Pvt Ltd----Singapore
Name of the Group: NIL
Subsidiaries: 1 Union Tea Company
Limited
Member: 1 Bangladesh Diplomatic
Bonded Warehouse Association,
Dhaka
1 Dhaka Chamber of
Commerce & Industries,
Dhaka
COMMENTS
Subject is a private limited company engaged in importing
and retailing in duty free manner for diplomatic persons and UN officials
stationed in Dhaka. They sell all types of consumer goods, electric household
items and liquors. They are reputed among local diplomats.
The directors are experienced businessmen.
The overall condition of the subject is very satisfactory.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.08 |
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UK Pound |
1 |
Rs.71.17 |
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Euro |
1 |
Rs.66.98 |
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%)