MIRA INFORM REPORT
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Report Date : |
15.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
DHAKA TANNERIES LIMITED |
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Registered Office : |
124, Hazaribagh, Tannery Area, |
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Country : |
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Date of Incorporation : |
18.09.1972 |
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Com. Reg. No.: |
C-177 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Manufacturer & Exporter of Leather Crust & Finished Product |
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 |
|
Maximum Credit Limit : |
US$ 15,000.00 |
|
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) |
|
|
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
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 |
|
Off-credit |
D |
COMPANY DETAILS
|
Name |
Dhaka Tanneries
Limited |
|
Address |
124, Hazaribagh,
Tannery Area, |
|
Country |
|
|
Telephone No |
880-2-9666288 |
|
Fax No |
880-2-8615179 |
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E-Mail |
NIL |
|
Website |
NIL |
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Established |
1947 |
|
Incorporation Number |
C-177 |
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Incorporation Date |
18th September 1972 |
|
Legal Status |
Private Limited |
|
Business Type |
Manufacturer
& Exporter |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
LOCATIONS
|
Head Office |
124, Hazaribagh,
Tannery Area, |
|
Telephone No |
880-2-9666288 |
|
Fax No |
880-2-8615179 |
|
E-Mail |
NIL |
|
Website |
NIL |
|
Branch |
NIL |
|
Factory |
124, Hazaribagh,
Tannery Area, |
|
Factory Telephone No |
N/A |
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Factory Fax No |
N/A |
|
Warehouse |
124, Hazaribagh,
Tannery Area, |
DIRECTORS
|
Name |
Mr. Mohammad Nurul Huda |
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Designation |
Chairman & Managing Director |
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Nationality |
Bangladeshi |
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Name |
|
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Designation |
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr. Mohammad Nurul Huda |
|
Share Percent |
70% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
|
|
Share Percent |
30% |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturer & Exporter |
|
Items Dealing In |
Leather Crust
& Finished Product |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of |
Local: Cash or Credit Export: Against L/C |
BANKERS
|
Name |
United Commercial Bank Ltd |
|
Branch |
Hazaribagh Branch |
|
Address |
Hazaribagh, |
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SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2009 |
2008 |
2007 |
|
Investment |
Tk.26 million |
Tk.24 million |
Tk.24 million |
|
Turnover |
Tk.232 million |
Tk.230.4 million |
Tk.230 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.32 million |
Tk.30 million |
Tk.30 million |
CAPITAL
STRUCTURE
|
Authorized
Capital |
Tk.10 million |
|
Paid Up Capital |
Tk.150,000.00 |
|
Each Share Value |
Tk.100.00 |
EXCHANGE
RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
|
1 |
118.4070 |
|
U.S Dollar |
1 |
72.8300 |
|
European Euro |
1 |
105.4433 |
ADVERSE DATA MONITORING
|
Dishonored
Checks |
No Found |
|
Debt |
No Records Found |
|
Litigation |
No Records Found |
|
Performance
Defaults |
No Records Found |
|
Adverse Press
Coverage |
No Records Found |
|
Money Laundering |
No Records Found |
MAXIMUM RECOMMENDED CREDIT
|
Amount |
Based On |
|
US$ 15,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
150 |
|
Office Area (Sq.
Ft) |
1,300 sq.ft (own) |
|
Factory Area
(Sq. Ft) |
30,500 sq.ft (own) |
|
Warehouse Area
(Sq. Ft) |
4,500 sq.ft.(own) |
|
|
4 Finished
Leathers 4 Crust Leathers |
|
Export
Market |
4 South America |
|
Sources |
4 Cow 4 Goat 4 |
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Certifications |
NIL |
|
Group Name |
NIL |
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Subsidiaries /
Affiliates |
NIL |
|
Member |
4 4 Dhaka
Chamber of Commerce & Industries, |
COMMENTS
The subject is a private limited company who
is engaged in manufacturing and exporting of finished & crust leathers to
overseas countries.
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.52 |
|
|
1 |
Rs.72.72 |
|
Euro |
1 |
Rs.64.41 |
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.