MIRA
INFORM REPORT
|
Report Date : |
12.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
SIANBANGLA INDUSTRIES LIMITED |
|
|
|
|
Registered Office : |
Khalapara, Dhakinbagh, Kaliganj, Gazipur |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Financials (as on) : |
2007 |
|
|
|
|
Date of Incorporation : |
14.11.2000 |
|
|
|
|
Com. Reg. No.: |
C-41786 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacturers and Suppliers of White Cement |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
COMPANY DETAILS
Name: Sianbangla
Industries Limited
Address: Khalapara,
Dhakinbagh,
Kaliganj,
Gazipur,
Country: Bangladesh
Tel No : 880-2-8618072-3, 8623369
Fax No. : 880-2-8618072
E-Mail: kmrislam@yahoo.com
Established: November 2000
Incorporation
No: C-41786
Incorporation
Date: 14th November 2000
Legal Structure: The subject is a
private limited company in corporate
With the
Registrar of Joint Stock Companies, Dhaka,
Business Type: Manufacturers and
suppliers
Status: Satisfactory
Payments: No complaints have
been heard regarding payments
from local suppliers
or banks.
Litigation: NIL
LOCATIONS
Head Office:
Sonartori
Tower (8th Floor),
12,Biponon
Commercial Area,
Dhaka-1000,
Bangladesh
Tel No: 880-2-8618072-3,
8623369
Fax No: 880-2-8618072
E-Mail: kmrislam@yahoo.com
Branch: NIL
Factory: Khalapara,
Dhakinbagh,
Kaliganj,
Gazipur,
SHAREHOLDER’S AND DIRECTORS
Name: Mr.M.Muklesur
Rahman
Designation: Chairman
Name: Mr.M.Shamsul Huda
Designation: Managing Director
BUSINESS DETAILS
Line of Business: Manufacturers and Suppliers
Items Dealing In: 1 White
Cement
Terms of Sale: 1 Cash
1 Credit
BANKERS
Name: Dutch Bangla Bank
Limited
Branch: Main Branch
Address: Motijheel
Commercial Area,
Dhaka
Name: Prime Bank Ltd
Branch: Local Office
Branch,
Address: Motijheel
Commercial Area,
Dhaka
FINANCIAL INFORMATION
|
|
2007 |
2006 |
2005 |
|
Capital Investment |
Tk.110 million |
Tk.110 million |
Tk.110 million |
|
Turnover |
Tk.550 million |
Tk.546.7 million |
Tk.544 million |
|
Liability |
Tk.15 million |
Tk.17 million |
Tk.18.2 million |
|
Fixed Assets |
Tk.150 million |
Tk. 150 million |
Tk.150 million |
CAPITAL STRUCTURE
|
Authorized Capital |
: |
Tk.100 million |
|
Paid Up Capital |
: |
Tk.300,000.00 |
|
Each Share Value |
: |
Tk.100.00 |
EXCHANGE RATE
|
CURRENCY |
UNIT |
BANGLADESHI TAKA |
|
GB Pound |
1 |
137.1626 |
|
U.S Dollar |
1 |
69.4000 |
|
European Euro |
1 |
108.8231 |
|
Japanese Yen |
1 |
0.6729 |
|
Australian Dollar |
1 |
65.7102 |
GENERAL INFORMATION
No. of Employees: 175
Executives------------------6
Junior Executives---------10
Engineers-------------------5
Chemist---------------------2
Quality Control------------15
Supervisory Staffs- ------ 18
Support Staffs- -----------10
General Staffs-------------10
Technicians- ----------------6
Workers--------------------93
Range of Products: 1 White Cements
Office Area: 4,500 sq.ft
(rented)
Factory Area: 2 acres land (own)
Warehouse Area: 10,400 sq.ft.(own)
Clinkers Imports From: 1
USA
1 Germany
1 Indonesia
1 Thailand
Name of
Brand : White Elephant
Member: 1 Chittagong Chamber of Commerce & Industries,
Dhaka
Name of the Group: NIL
Subsidiaries: NIL
COMMENTS
The subject is a private limited company engaged in
manufacturing and selling of al types white cement to local distributors. The
qualities of their products are good and are well demanded in the local market.
The directors are well conversant in their line of trade and
they are also experienced businessman. They are financially solvent and good at
his business commitments, it is reported.
The company is good for normal business engagements.
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)