MIRA
INFORM REPORT
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Report Date : |
28.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
RUNNER GROUP OF COMPANIES |
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Registered Office : |
19,New Eskaton Road, Dhaka-1000 |
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Country : |
Bangladesh |
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Financials (as on) : |
2007 |
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Date of Incorporation : |
February 2000 |
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Legal Form : |
Private Limited Companies |
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Line of Business : |
Importing, Assembling, Manufacturing and Selling of Products including
Electronics, Automobiles and Bricks |
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 : |
No Complaints |
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Litigation : |
Clear |
COMPANY DETAILS
Name: Runner Group of
Companies
Address: 19,New Eskaton Road,
Dhaka-1000,
Country: Bangladesh
Tel No : 880-2- 9352312, 9353940,
8363689
Fax No : 880-2- 9337765
E-Mail: admin@runnerbd.com
hossain@runnerbd.com
Established: February 2000
Incorporation No
: N/A
Incorporation
Date: N/A
Legal Structure: All group
companies are private limited companies in
Corporate With the Registrar of Joint
Stock Companies,
Dhaka,
Business Type: Manufacturer, Importer, and Sellers & Assemblers
Status: Satisfactory
Payments: No complaints have
been heard regarding payments
from local
suppliers or banks.
Litigation: NIL
LOCATIONS
Head Office: 19,New Eskaton Road,
Dhaka-1000,
Tel No : 880-2-9352312, 9353940, , 8363689
Fax No : 880-2-9337765
E-Mail: admin@runnerbd.com
hossain@runnerbd.com
Branch: N/A
Assembler
Plant: Tongi,
District:
Gazipur
Bhaluka
District:
Mymensingh
Kaliakoir
Savar
SHAREHOLDER’S AND DIRECTORS
Name: Mr.Hafizur Rahman
Khan
Designation: Chairman
Name : Mr.Mozammel
Hossain
Designation : Managing Director
Name: Brig.(rtd) Shafiul
Islam
Designation: Director
Name: Mr.Abu Raihan
Designation: Director
BUSINESS DETAILS
Line of Business: Manufacturer,
Importer,
Sellers & Assembler
Range of Products: Electric
Goods
1 TV
1 Refrigerator
1 Deep
Fridge
1 Air
Condition,
1 Microwave
Woven
Motors
1 Eicher brand trucks
Bricks
1 First-class type and picket type bricks
BANKERS
Name: Southeast Bank
Limited
Branch: Karwan Bazar
Branch
Address: Karwan Bazar,
Dhaka
Name: Exim Bank Limited
Branch: New Eskaton Road
Branch,
Address: Dhaka
FINANCIAL INFORMATION
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2007 |
2006 |
2005 |
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Capital Investment |
Tk.150 million |
Tk.150 million |
Tk.150 million |
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Turnover |
Tk.860 million |
Tk.857.2 million |
Tk.856 million |
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Liability |
Tk.40 million |
Tk.40 million |
Tk.40 million |
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Fixed Assets |
Tk.200 million |
Tk.200 million |
Tk.200 million |
Source : Mr.Mozammel
Hossain/ Managing Director
CAPITAL STRUCTURE
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Authorized Capital |
: |
N/A |
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Paid Up Capital |
: |
N/A |
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Each Share Value |
: |
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: 3,750
Executives---------------- 22
Junior Executives-------- 38
Engineers-------------------12
Field Staffs----------------- 27
Supervisory Staffs------ 210
Support Staffs-------------28
General
Staffs-------------65
Technicians----------------44
Workers-----------------3,304
Office Area: 4,000 sq.ft
(rented)
Assembling Area: 1.5 acres of lands (rented)
Warehouse Area: 12,000 sq.ft.(rented)
Import From: 1 China
1 Singapore
1 France
1 Malaysia
1 India
* The subject refused to reveal the names
Terms of Sale: 1 Cash
1 Credit
Group of Companies: 1 Runner Motors Limited
1 Runner
Bricks Ltd
1 Runner
Automobiles Limited
Members: 1 Dhaka Chamber of Commerce & Industries, Dhaka
COMMENTS
The subject is a Group of Companies. All the companies of
the group are limited companies. They are engaged in importing, assembling,
manufacturing and selling of products including electronics, automobiles and
bricks.
The directors are all experienced businessmen. They are
financially solvent and good at their business commitments, it is reported.
The company is good for normal business engagements.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.30 |
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UK Pound |
1 |
Rs.84.03 |
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Euro |
1 |
Rs.66.42 |
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%)