MIRA
INFORM REPORT
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Report Date : |
14.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
S. S. Steel Pvt Limited |
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Registered Office : |
Plot No. 4, Block - B, Tongi Industrial Area, District: Gazipur |
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Country : |
Bangladesh |
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Date of Incorporation : |
22nd December, 2001 |
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Com. Reg. No.: |
C-44670 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer
& Seller of Steel Material for Buildings. |
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
S. S. Steel Pvt Limited
Address
Plot No. 4,
Block - B,
Tongi
Industrial Area,
District:
Gazipur,
Country: Bangladesh
Tel. No. : 880-2-9887106, 9804345,
Fax No. : 880-2-9862188,
9810431,
E-Mail: accounts@sssteel.biz
Incorporation No.
C-44670
Incorporation Date
22nd December, 2001
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 Steel Material for Buildings
Payments
No complaints have
been heard regarding payments from local suppliers or banks.
Litigation
NIL
LOCATIONS
Head Office: Road No.105,
House No.11,
Gulshan-2,
Dhaka,
Branch: NIL
Factory: Plot No.4,
Block-B,
Tongi Industrial Area,
Warehouse: Plot No.4,
Block-B,
Tongi Industrial Area,
DIRECTORS & SHAREHOLDERS
Name: Mr. Salahuddin
Designation: Chairman
Name: Mr. Kazi Shakil
Designation: Managing
Director
BUSINESS DETAILS
Line of Business: Manufacturer & Sellers
Items Dealing In: Steel Materials
for Buildings
Terms of Sale: 1 Cash
1 Credit
BANKERS
Name: One Bank Limited
Branch: Gulshan Branch
Address: 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.30 million |
Tk.30 million |
Tk.30 million |
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Turnover |
Tk.215 million |
Tk.212 million |
Tk.210 million |
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Liability |
Tk.5 million |
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.50 million |
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Paid Up Capital |
: |
Tk.200,000.00 |
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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: 290
Executives----------------- 3
Junior Executives--------- 4
Engineers------------------ 2
Quality Control----------- 9
Supervisory Staffs-------11
Support
Staffs----------- 4
General
Staffs------------10
Technicians---------------
3
Workers-----------------244
Office Area: 1,800 sq. ft (Own)
Factory Area: 25,000 sq. ft (Own)
Warehouse Area: 3,400
sq. ft. (Own)
Range of Products
1 M. S. Rods
1 M. S.
Angles
1 M. S. Bars
Scrap Import From
1 EEC Countries
1 Singapore
1 USA
Name of the Group
NIL
Subsidiaries
NIL
Member
1 Dhaka Chamber of Commerce &
Industries, Dhaka
1 Bangladesh Steel Re-Rolling Mills
Association, Dhaka
COMMENTS
Subject is a private limited company who is engaged in
manufacturing and selling for various steel items which are mainly used for
construction purpose. The company’s products are mainly sold in northern region
and the price of their items is very competitive as such they are popular in
the market.
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%)