MIRA
INFORM REPORT
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Report Date : |
14.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
Matex Bangladesh Limited |
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Registered Office : |
Biman Bhaban (5th Floor), 100, Motijheel Commercial Area, Dhaka-1000 |
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Country : |
Bangladesh |
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Date of Incorporation : |
11th August, 1994 |
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Com. Reg. No.: |
C-26414 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer & Seller of textile resin 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 : |
Regular |
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Litigation : |
Clear |
Name
Matex Bangladesh Limited
Address
Biman Bhaban
(5th Floor),
100,
Motijheel Commercial Area,
Dhaka-1000.
Country: Bangladesh
Tel. No. : 880-2-9562383,
Fax No. : 880-2-9562213,
9562387,
E-Mail: apex@apexholdings.com
Incorporation No.
C-26414
Incorporation Date
11th August, 1994
Legal Structure
The subject is a Private Limited Company that was incorporated in the Registrar of Joint Stock of Companies, Dhaka.
Business Type
Manufacturer &
Seller of textile resin chemicals
Payments
No complaints have
been heard regarding payments from local suppliers or banks.
Litigation
NIL
LOCATIONS
Head Office:
Biman Bhaban (5th Floor),
100, Motijheel Commercial Area,
Dhaka-1000.
Branch: NIL
Factory: Mouza & Post : Chandora,
P.S.Kaliakoir,
District : Gazipur,
Warehouse:
Mouza & Post :
Chandora,
P.S.Kaliakoir,
District : Gazipur,
DIRECTORS & SHAREHOLDERS
Name: Mr. Zafar Ahmed
Designation: Chairman
Name: Mr. Zahur Ahmed
Designation: Managing
Director
Name : Mrs. Shawkat Ara
Ahmed
Designation : Director
Name : Mr. Zubair Ahmed
Designation : Director
Name : Mr. Shahriar Ahmed
Designation : Director
Name : Mr. Muhammad
Bazlush Shahid
Designation : Director
BUSINESS DETAILS
Line of Business: Manufacturer & Sellers
Items Dealing In: Textile Resin
Chemicals
Terms of Sale: 1 Cash
1 Credit
BANKERS
Name: Standard Chartered Bank
Branch: Motijheel Branch,
Address: Motijheel Commercial Area,
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.60 million |
Tk.60 million |
Tk.60 million |
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Turnover |
Tk.220 million |
Tk.218 million |
Tk.215 million |
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Liability |
Tk.20 million |
Tk.22 million |
Tk.25 million |
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Fixed Assets |
Tk.65 million |
Tk.64 million |
Tk.60 million |
CAPITAL STRUCTURE
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Authorized Capital |
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Tk.50 million |
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Paid Up Capital |
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Tk.1 million |
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Each Share Value |
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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: 130
Executives-----------------2
Junior Executives--------- 4
Engineers------------------ 2
Quality
Control-----------15
Supervisory
Staffs-------20
Support
Staffs----------- 4
General
Staffs------------ 8
Workers------------------
75
Office Area: 1,200 sq. ft (rented)
Factory Area: 14,000 sq. ft (Own)
Warehouse
Area: 2,100 sq. ft.(Own)
Range of Products
1 Textile Region Chemicals
Scrap Import From
Korea
China
Japan
India
EEC Countries
Name of the Group
Apex Group
Subsidiaries
Apex
Holdings Limited, Dhaka
Apex Foods
Limited, Chittagong
Apex
Printing Mills Limited, Dhaka
Apex Yarn
Dyeing Limited, Dhaka
Apex
Lingerie Limited, Dhaka
Apex
Spinning & Knitting Mills Ltd, Dhaka
Member
Dhaka
Chamber of Commerce & Industries, Dhaka
Bangladesh
Textile Mills Association, Dhaka
Bangladesh
Garments Manufacturer & Exporters Association, Dhaka.
COMMENTS
Subject is a private limited company who is engaged in
manufacturing and selling of textile resin chemicals. The company’s factory is
most modern and their products are of very high quality.
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%)