MIRA
INFORM REPORT
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Report Date : |
17.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
METAL AGRO LIMITED |
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Registered Office : |
PBL Tower (14th Floor), 17, North Commercial Area, Gulshan
Circle-2, Dhaka-1212 |
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Country : |
Bangladesh |
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Date of Incorporation : |
June, 2003 |
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Com. Reg. No.: |
C-49540 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing and Selling of Agricultural Seeds and Agricultural
Products in the Local Market. |
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: Metal Agro Limited
Address: PBL Tower (14th
Floor),
17,
North Commercial Area,
Gulshan
Circle-2,
Dhaka-1212
Country: Bangladesh
Tel No : 880-2-9893981,
9885894
Fax No : 880-2-8854004
E-Mail: metal@optimaxbd.net
Established: June,
2003
Incorporation No : C-49540
Incorporation Date: 16th June, 2003
Legal Structure:
The subject is a Private
Limited Company that was
Incorporated in the Registrar of
Joint Stock of
Companies, Dhaka.
Business Type:
Importer & Sellers
Status: Satisfactory
Payments: No complaints have
been heard regarding payments
from local suppliers or banks.
Litigation: NIL
LOCATIONS
Head Office: PBL Tower (14th
Floor),
17,North
Commercial Area,
Gulshan
Circle-2,
Dhaka-1212
Seed Project: Jamalpur
District: Mymensingh
DIRECTORS & SHAREHOLDERS
Name: Engr.Amirul
Islam
Designation: Chairman
Name: Engr.Sadid
Jamil
Designation: Managing Director
BUSINESS DETAILS
Line of Business: Importer
& Sellers
Items Dealing
In: 1 Agricultural Seeds
1 Agricultural
Products
Terms of Sale: 1 Cash
1 Credit
BANKERS
Name: Islami
Bank (BD) Limited
Branch: Gulshan
Branch
Address: Gulshan,
Dhaka
Name: Brac Bank Limited
Branch: Gulshan
Branch,
Address: Gulshan
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.20 million |
Tk.20 million |
Tk.20 million |
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Turnover |
Tk.170 million |
Tk.165.1 million |
Tk.164 million |
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Liability |
NIL |
NIL |
NIL |
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Fixed Assets |
Tk.17 million |
Tk.17 million |
Tk.17 million |
CAPITAL STRUCTURE
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Authorized Capital |
: |
Tk.10 million |
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Paid Up Capital |
: |
Tk.100,000.00 |
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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: 25
Executives-------------------3
Junior Executives--------- 4
Engineers--------------------2
Technicians-----------------5
General
Staffs-------------11
Office Area: 1,800
sq.ft (rented)
Factory Area: N/A
Warehouse Area: 8,400 sq.ft.(rented)
Import
From:* 1 China
1 Hong Kong
1 Germany
1 India
*The subject refused to reveal the names
Name of the Group: NIL
Subsidiaries: 1 The Metal (Pvt) Limited
1 Jamil Engineering Limited
Member 1 Dhaka Chamber of Commerce &
Industries, Dhaka
COMMENTS
The subject is a private limited company who is engaged in
importing and selling of agricultural seeds and agricultural products 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
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%)