MIRA INFORM REPORT
|
Report Date : |
08.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
NURJAHAN GROUP |
|
|
|
|
Registered Office : |
1628/1671, Ramjoy Mohajan Lane, Asadgonj, Chittagong |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Year of Establishment : |
2002 |
|
|
|
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Com. Reg. No.: |
Not Available |
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|
|
|
Legal Form : |
Group Company |
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|
|
|
Line of Business : |
manufacturing and marketing of various products |
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$ 40,000.00 |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
No Complaints |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Bangladesh |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
COMPANY DETAILS
|
Name |
Nurjahan Group |
|
Address |
1628/1671,
Ramjoy Mohajan Lane, Asadgonj, Chittagong |
|
Country |
Bangladesh |
|
Telephone No |
880-31-2852063,
632070, 623541 |
|
Fax No |
880-31-2862260 |
|
E-Mail |
|
|
Website |
|
|
Established |
2002 |
|
Company Registration No |
N/A |
|
Registration date |
N/A |
|
Legal Status |
The members of the group all are private
limited Companies
incorporated With the Registrar of Joint Stock 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 |
1628/1671,
Ramjoy Mohajan Lane, Asadgonj, Chittagong |
|
Telephone No |
880-31-2852063,
632070, 623541 |
|
Fax No |
880-31-2862260 |
|
E-Mail |
|
|
Website |
|
|
Branch |
NIL |
|
Factory |
Fauzderhat
Industrial Area, Sagarika Road, Chittagong, Bangladesh |
|
Factory Telephone No |
880-31-751366, 751225, 752975, |
|
Factory Fax No |
880-31-750425 |
|
Warehouse |
Fauzderhat
Industrial Area, Sagarika Road, Chittagong, Bangladesh |
DIRECTORS
|
Name |
Mr. Zahir Ahammed |
|
Designation |
Chairman & Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Tipu Sultan |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Mizanur
Rahman |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
SHAREHOLDER
|
Name |
Mr. Zahir Ahammed |
|
Share Percentage |
40% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Tipu
Sultan |
|
Share Percentage |
30% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Mizanur
Rahman |
|
Share Percentage |
30% |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturer & Seller |
|
Items Dealing In |
Various
Items |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit Export: Against L/C |
BANKERS
|
Name |
Eastern Bank Ltd |
|
Branch |
Agrabad Branch |
|
Address |
Agrabad Commercial Area, Chittagong
|
|
SWIFT |
N/A |
|
|
|
|
Name |
Prime Bank Ltd |
|
Branch |
Khatunganj
Branch |
|
Address |
Khatunganj, Chittagong |
|
SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2010 |
2009 |
2008 |
|
Investment |
Tk.4 billion |
Tk.4 billion |
Tk.3.5 billion |
|
Turnover |
Tk.8.4 billion |
Tk.8 billion |
Tk.7 billion |
|
Liability |
Tk.16.6 million |
Tk.17 million |
Tk.18 million |
|
Assets |
Tk.8 billion |
Tk.8 billion |
Tk.6 billion |
CAPITAL STRUCTURE
|
Authorized
Capital |
N/A |
|
Paid Up Capital |
N/A |
|
Each Share Value |
N/A |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
122.7425 |
|
U.S Dollar |
1 |
74.7200 |
|
European Euro |
1 |
106.9841 |
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$ 40,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
7,200 |
|
Office Area (Sq.
Ft) |
3,000 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
60,000 Sqf (rented) |
|
Warehouse Area
(Sq. Ft) |
10,500 sq.ft.(own) |
|
Range of
Products & Services |
4 Edible
oil 4 Pet
Bottle 4 Synthetic 4 Flour 4 C&F 4 Shipping Agent 4 Property Development 4 Berth Operator 4 CNG 4 Bricks 4 Spices |
|
Major
Clients |
4 The Pan Pacific Sonargaon Hotel 4 Westin Hotels & Resorts 4 Lab-Aid hospital 4 Apollo Hospital 4 Mr. Baker Canadian Food Centre 4 Biman Bangladesh Airlines 4 KFC 4 Pizza Hut 4 Golden Harvest 4 Baton Rough Foods Ltd 4 Coopers |
|
Certification |
4 ISO 9001 HACCP |
|
Group Companies |
4 Jasmir Vegetable Oil Ltd 4 Sagarika Bottle & Packing Industries Ltd 4 Ry Shipping Lines Ltd 4 Tasmin Properties & Development Ltd |
|
Member |
4 Chittagong
Chamber of Commerce & Industry, Chittagong 4 Bangladesh
Berth Operators Association, Chittagong 4 Bangladesh
Shipping Agent Association, Chittagong
4 Bangladesh
Vegetable Oil
Refiners and Vanaspati Manufacturers Association, Chittagong |
COMMENTS
The subject is a group company engaged in manufacturing and
marketing of various products. The subject is a renowned group company in
Bangladesh.
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.80 |
|
UK Pound |
1 |
Rs.72.86 |
|
Euro |
1 |
Rs.63.11 |
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 |
|
---- |
NB |
New Business |
---- |
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.