MIRA INFORM REPORT
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Report Date : |
05.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
MONNO CERAMIC INDUSTRIES LIMITED |
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Registered Office : |
Islampur, Dhamrai,
Dhaka-1350 |
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Country : |
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Date of Incorporation : |
21.04.1985 |
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Com. Reg. No.: |
C-8937 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Manufacturer & Exporter of Porcelain Tableware |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$ 25,000.00 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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b1 |
b1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
COMPANY DETAILS
|
Name |
Monno Ceramic Industries Limited |
|
Address |
Islampur, Dhamrai, Dhaka-1350 Note: The subject operates from this address. |
|
Country |
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Telephone No |
88-02-779 1347-50 |
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Fax No |
88-02-770 8800 |
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E-Mail |
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Website |
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Established |
1985 |
|
Company Registration No |
C-8937 |
|
Registration date |
21st
April 1985 |
|
Legal Status |
Public Limited |
|
Issuing Authority |
The Registrar of Joint Stock Companies & Firms , |
|
Business Type |
Manufacturer & Exporter |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
LOCATIONS
|
Head Office |
Islampur, Dhamrai, Dhaka-1350 |
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Telephone No |
88-02-779 1347-50 |
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Fax No |
88-02-770 8800 |
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E-Mail |
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Website |
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|
Branch |
Monno Monno Europe 10, Grand
Parade, HA9 9JS, Tel: +44-20-8908
5353 Fax: +44-20-8908
3005 Email: info@monnouk.com MONNO CANADA
Inc. Mr. Iqbal Hossen T: +1 647 347
7947, 416 878 7947 F: +1 647 547
9918 Email: monnocanada@gmail.com ETS Cressy 19, rue du
Colonel Moll 75017 Mr. Gerard
Cressy T: +33 (0)1 45
74 85 04 F: +33 (0)1 45
74 35 70 gerard.cressy@wanadoo.fr skype:
gerardcressy Trading Agency 34A Pendelis
Str. 153 43 Ag.
Paraskevi Mr. George
Lestos T/F: +30 210 6017167/8 glestos@otenet.gr skype:
george.lestos Internationaler
Handels Service GmbH Postfach 1211 Nikolaus Unruh
Strasse 8 95659 Arzberg Mr. Roland
Werner T: +49 (0)9233
713271 F: +49 (0)0233
713272 info@ihs.procomp.de International
Service Company S.r.l. 61, Viale Edison Sesto S.
Giovanni Milano 20099 Mr. Paolo
Marelli T: +39 02
24882720 F: +39 02
26227241 Skype:
sabrinacolella Aspen
International Trading Cross River NY 10518 Mr. Mark Coles T: +1 914 763
4636 F: +1 914 714
4627 mark@aspenint.com Mr. Zachary
Zucker T: +1 303 320
5525 Toll Free: 800
428 9397 F: +1 303 320
5610 zacharyZ@tenstrawberrystreet.com www.tenstrawberrystreet.com Euro Ceramica Boonton NJ 07005 Mr. Nicolas M.
Marjieh T: +1 973 394
9300 F: +1 973 394
9200 nicolasm@euroceramicainc.com skype:
nicolasm1012 http://www.euroceramicainc.com
Euro Ceramica
Showroom 7W. 34th T: +1 212 947
3836 F: +1 212 947
3813 |
|
Factory |
Islampur, Dhamrai, Dhaka-1350 |
|
Factory Telephone No |
N/A |
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Factory Fax No |
N/A |
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Warehouse |
Islampur, Dhamrai, Dhaka-1350 |
DIRECTORS
|
Name |
Mr. Harunur
Rashid Khan Monno |
|
Designation |
Chairman |
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Nationality |
Bangladeshi |
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|
Name |
Mrs. Afroza Khan
|
|
Designation |
Managing
Director |
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Nationality |
Bangladeshi |
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|
Name |
Mrs. Harun Nahar
Rashid |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Moynul Islam
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|
Designation |
Director |
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Nationality |
Bangladeshi |
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|
|
Name |
Mr. Rashidul
Hasan |
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Designation |
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr. Harunur
Rashid Khan Monno |
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Share Percent |
30% |
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Nationality |
Bangladeshi |
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|
|
Name |
Mrs. Afroza Khan
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Share Percent |
40% |
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Nationality |
Bangladeshi |
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|
|
Name |
Mrs. Harun Nahar
Rashid |
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Share Percent |
10% |
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Nationality |
Bangladeshi |
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Name |
Mr. Moynul Islam
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Share Percent |
10% |
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Nationality |
Bangladeshi |
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|
|
Name |
Mr. Rashidul
Hasan |
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Share Percent |
10% |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturer & Exporter |
|
Items Dealing In |
Porcelain Tableware |
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Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of |
Local: Cash or Credit Export: Against L/C |
BANKERS
|
Name |
Sonali Bank
Limited |
|
Branch |
Head Office
Branch |
|
Address |
Motijheel C/A, Dhaka-1000 |
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SWIFT |
N/A |
FINANCIAL INFORMATION
The subject has not launched any annual report after 2006. So no financial information is mentioned here.
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.500 million |
|
Paid Up Capital |
Tk.135 million |
|
Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
|
1 |
117.3026 |
|
U.S Dollar |
1 |
72.8000 |
|
European Euro |
1 |
103.5653 |
ADVERSE DATA MONITORING
|
Dishonored
Checks |
No Found |
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Debt |
No Records Found |
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Litigation |
No Records Found |
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Performance
Defaults |
No Records Found |
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Adverse Press
Coverage |
No Records Found |
|
Money Laundering |
No Records Found |
MAXIMUM RECOMMENDED CREDIT
|
Amount |
Based On |
|
US$ 25,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
4,500 |
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Office Area (Sq.
Ft) |
3,500 sq.ft (own) |
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Factory Area
(Sq. Ft) |
135,000 sq.ft (own) |
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Warehouse Area
(Sq. Ft) |
6,900 sq.ft. (own) |
|
|
4 Porcelain Tableware 4 Bone China Tableware |
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Certifications |
NIL |
|
Group Name |
4 Monno Group of Industries |
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Subsidiaries
/ Affiliates |
4 Monno Jutex
Industries Ltd. |
|
Member |
4 4 Dhaka Chamber of Commerce &
Industries, |
|
Listed With |
4 Dhaka
Stock Exchange Limited, 4
Chittagong Stock Exchange Limited, |
COMMENTS
The subject is private limited company engaged in
manufacturing, selling & exporting of porcelain & bone china tableware
to the overseas markets. The qualities of their products are of international
standard. The subject is a concern of Monno Group of Industries, a renowned
business house of
The directors are all experienced businessmen. They are financially solvent and good at their business commitment, it is reported.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.65 |
|
|
1 |
Rs.71.93 |
|
Euro |
1 |
Rs.63.24 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.