MIRA INFORM REPORT
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Report Date : |
28.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
SAMUDA CHEMICAL COMPLEX LIMITED |
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Registered Office : |
TK Bhaban (2nd Floor), 13 Kawran Bazar, Nazrul Islam Avenue,
Dhaka-1215 |
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Country : |
Bangladesh |
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Date of Incorporation : |
06.12.2006 |
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Com. Reg. No.: |
CH-5710 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
manufacturing and selling of chemicals |
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$ 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) |
|
Bangladesh |
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
COMPANY DETAILS
|
Name |
Samuda Chemical
Complex Limited |
|
Address |
Sikirgaon,
Gazaria, Munshiganj |
|
Country |
Bangladesh |
|
Telephone No |
880-2-9131308,
9142022, 9142733 |
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Fax No |
880-2-8120220 |
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E-Mail |
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|
Website |
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Established |
2006 |
|
Commercial
Production From |
Chlor-Alkali
Plant: July 2009 Hydrogen
Peroxide plant: January 2008 |
|
Company Registration No |
CH-5710 |
|
Registration date |
6th
December 2006 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of Joint Stock of Companies & Firms, Chittagong |
|
Business Type |
Manufacturer & Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
LOCATIONS
|
Head Office |
TK Bhaban
(2nd Floor), 13 Kawran Bazar, Nazrul Islam Avenue, Dhaka-1215, Bangladesh |
|
Telephone No |
880-2-9131308,
9142022, 9142733 |
|
Fax No |
880-2-8120220 |
|
E-Mail |
|
|
Website |
www.scclbd.com |
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Branch |
NIL |
|
Factory |
Hydrogen Peroxide Plant: Chandgaon
I/A, Chittagong, Bangladesh Chlor-Alkali Plant: Sikirgaon,
Gazaria, Munshiganj, Bangladesh |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
Hydrogen Peroxide Plant: Chandgaon
I/A, Chittagong, Bangladesh Chlor-Alkali Plant: Sikirgaon,
Gazaria, Munshiganj, Bangladesh |
DIRECTORS
|
Name |
Mr. Mohammad
Abul Kalam |
|
Designation |
President |
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Nationality |
Bangladeshi |
|
|
|
|
Name |
Ms. Farzana
Afroze |
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Designation |
Chairperson |
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Nationality |
Bangladeshi |
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Name |
Mr. Mohammad
Mustafa Haider |
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Designation |
Managing Director |
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Nationality |
Bangladeshi |
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Name |
Ms. Rizwana
Afroze |
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Designation |
Director |
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Nationality |
Bangladeshi |
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|
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|
Name |
Mrs. Khaleda
Begum |
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Designation |
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr. Mohammad
Abul Kalam |
|
Share Percent |
20% |
|
Nationality |
Bangladeshi |
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|
|
|
Name |
Ms. Farzana
Afroze |
|
Share Percent |
20% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Mohammad
Mustafa Haider |
|
Share Percent |
30% |
|
Nationality |
Bangladeshi |
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|
|
|
Name |
Ms. Rizwana
Afroze |
|
Share Percent |
15% |
|
Nationality |
Bangladeshi |
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|
|
|
Name |
Mrs. Khaleda
Begum |
|
Share Percent |
15% |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturer & Seller |
|
Items Dealing In |
Chemicals |
|
Terms of Purchase |
Local: cash or Credit Import: Against L/C |
|
Terms of Sale |
Export: Against L/C |
|
Production
Capacity |
Hydrogen
Peroxide: 6000 MT/Year Chlor-Alkali
products: 70,200 MT/Year |
|
Last Year
Production |
Hydrogen
Peroxide: 6000 MT/Year Chlor-Alkali
products: 70,200 MT/Year |
BANKERS
|
Name |
Janata Bank
Limited |
|
Branch |
Kawran Bazar
Branch |
|
Address |
Kawran Bazar, Dhaka |
|
SWIFT |
N/A |
FINANCIAL INFORMATION
|
|
2010 |
2009 |
2008 |
|
Capital Investment |
Tk.51 million |
Tk.50 million |
Tk.50 million |
|
Turnover |
Tk.412 million |
Tk.410 million |
One Year not Completed |
|
Liability |
Tk.7.4 million |
Tk.8.1 million |
Tk.9 million |
|
Fixed Assets |
Tk.72 million |
Tk.70 million |
Tk.70 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.5,000,000,000 |
|
Paid Up Capital |
Tk.250, 000.00 |
|
Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
120.1649 |
|
U.S Dollar |
1 |
70.9200 |
|
European Euro |
1 |
106.7549 |
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$ 25,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
4,500 |
|
Office Area (Sq.
Ft) |
5,500 sq.ft (owned) |
|
Factory Area
(Sq. Ft) |
70,000 sq.ft (owned) |
|
Warehouse Area
(Sq. Ft) |
1o,500 sq.ft.(owned) |
|
Range of
Products |
4 Caustic Flakes 4 Caustic Liquid 4 Hydrogen Per Oxide 4 Stable Bleaching Powder 4 Chlorinated Paraffin Wax 4 Hydrochloric Acid 4 Liquid Chlorine 4 Sodium Hypo Chlorite comprise |
|
Major
Clients |
4 Textile Industry 4 Pulp & Paper Industry 4 Food and Beverage Industry 4 Water Treatment Plants 4 Many Other Industries |
|
Technology
Supported By |
4 Nuberg Engineering Ltd 4 Carbone Lorraine (France) 4 Asahi Kasei Chemical Corporation
(Japan) 4 Bertrams Chemical Plants Ltd
(Switzerland) |
|
Certifications |
NIL |
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Group Name |
NIL |
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Subsidiaries /
Affiliates |
NIL |
|
Member |
4 Dhaka Chamber of Commerce &
Industries, Dhaka |
COMMENTS
The subject is a private limited company engaged in
manufacturing and selling of chemicals such as Caustic Flakes, Caustic Liquid,
Hydrogen Per Oxide, Stable Bleaching Powder, Chlorinated Paraffin Wax,
Hydrochloric Acid, Liquid Chlorine and Sodium Hypo Chlorite comprise.
The products of subject go into numerous end-use
applications in a variety of industries: Paper and Pulp, Textile,
Pharmaceutical, Food, Tanning, Water Treatment, Plastics, Footwear, and
Petroleum Refining. As it has acquired a strong foothold in local market based
on trust, quality and service, the company also exports its products to other
countries in South Asia.
The directors are all experienced in this line of trade.
They are financially solvent and good at their business commitment, it reported.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.40 |
|
UK Pound |
1 |
Rs.73.26 |
|
Euro |
1 |
Rs.65.17 |
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 |
|
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.