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MIRA
INFORM REPORT
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Report Date : |
16.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
ENZYCHIM IBERICA (BD) LIMITED |
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Registered Office : |
Plot No.90-91, Export Processing Zone, Comilla |
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Country : |
Bangladesh |
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Financials (as on) : |
2007 |
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Date of Incorporation : |
October, 2004 |
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Com. Reg. No.: |
C-54599 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturing and Selling of Textile
Auxiliary 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 : |
No Complaints |
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Litigation : |
Clear |
COMPANY DETAILS
Name: Enzychim Iberica (BD) Limited
Address: Plot No.90-91,
Export
Processing Zone,
Comilla,
Country: Bangladesh
Tel No : 880-2-8153616,
Fax No : 880-2-9144511
E-Mail: enzuchimbd@dhaka.net
dytech@mail.tcsit.com
Established: October,
2004
Incorporation No : C-54599
Incorporation Date: 13th October, 2004
Legal Structure:
The subject is a private
limited company in corporate
With
the Registrar of Joint Stock Companies,
Dhaka,
Business Type:
Manufacturers and Sellers
Status: Satisfactory
Payments: No complaints
have been heard regarding payments
from
local suppliers or banks.
Litigation: NIL
LOCATIONS
Head Office: Flat No.1-B,
House
No.79,
Road
No.12/A (New),
Dhanmondi
Residential Area,
Dhaka-1209,
Bangladesh
Tel No : 880-2-8153616,
Fax No : 880-2-9144511
E-Mail: enzychimbd@dhaka.net
dytech@mail.tcsit.com
Branch: NIL
Factory: Plot No.90-91,
Export
Processing Zone,
Comilla,
Warehouse: Plot No.90-91,
Export
Processing Zone,
Comilla,
SHAREHOLDER’S AND DIRECTORS
Name: Mr.M.Nayeem
Designation: Chairman
Name: Mr.M.Harunur
Rashid
Designation: Managing
Director
BUSINESS DETAILS
Line of Business: Manufacturers
and Sellers
Items Dealing
In: Textile
Auxiliary Chemicals
Terms of Sale: 1 Cash
1 Credit
BANKERS
Name: Dutch
Bangla Bank Limited
Branch: Dhanmondi
Branch
Address: Dhanmondi,
Dhaka
FINANCIAL INFORMATION
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2007 |
2006 |
2005 |
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Capital Investment |
Tk.15 million |
Tk.15 million |
Tk.15 million |
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Turnover |
Tk.120 million |
Tk.116.7 million |
Tk.115 million |
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Liability |
Tk.3 million |
Tk.3.8 million |
Tk.4 million |
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Fixed Assets |
Tk.18 million |
Tk. 18 million |
Tk.18 million |
CAPITAL STRUCTURE
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Authorized Capital |
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Tk.10 million |
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Paid Up Capital |
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Tk.100, 000.00 |
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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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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: 47
Executives------------------3
Junior Executives---------4
Chemist---------------------2
Quality Control----------- 4
Supervisory Staffs- ------6
General Staffs-------------8
Technicians- --------------4
Workers-------------------16
Range of
Products: 1 Enzymes
1 Detergent & Wetting
1 Chelating
1 Softeners
1 Lubricating Sequestering
Yearly
Production Position: 1,500 M/T
(approx)
Office Area: 2,300
sq.ft (rented)
Factory Area: 25,000
(leased)
Warehouse Area: 2,700
sq.ft.(leased)
Raw
Materials From : 1 Enzychim Iberica
S.L.-Barcelona-Spain
1 Blotex SDN.BHD------Malaysia
Member: 1 Dhaka Chamber of Commerce & Industries,
Dhaka
Name of the Group: NIL
Subsidiaries: 1 Dytech Trade International
COMMENTS
The subject is a private limited company engaged in
manufacturing and selling of Textile
Auxiliary Chemicals. The qualities of their products are good and are
well demanded.
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
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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%)