MIRA INFORM REPORT
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Report Date : |
12.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
SQUARE TOILETRIES LIMITED |
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Registered Office : |
Square Center, 48 Mohakhali C/A, Dhaka-1212 |
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Country : |
Bangladesh |
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Date of Incorporation : |
25.02.1994 |
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Com. Reg. No.: |
C-5541 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturing, Selling & Exporting of Cosmetics & Toiletries |
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$ 60,000.00 |
|
Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Bangladesh |
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 |
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Off-credit |
D |
COMPANY DETAILS
|
Name |
Square Toiletries Ltd |
|
Address |
Square Center,
48 Mohakhali C/A, Dhaka-1212, |
|
Country |
Bangladesh |
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Telephone No |
880-2-8827729-38,
8817729-38 |
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Fax No |
880-2-8835394 |
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E-Mail |
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Website |
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Established |
1988 |
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Company Registration No |
C-5541 |
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Registration date |
25.02.1994 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of
Joint Stock Companies & Firms, Dhaka |
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Business Type |
Manufacturer, Seller & Exporter |
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Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
banks. |
LOCATIONS
|
Head Office |
Square Center,
48 Mohakhali C/A, Dhaka-1212, Bangladesh |
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Telephone No |
880-2-8827729-38,
8817729-38 |
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Fax No |
880-2-8835394 |
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E-Mail |
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|
Website |
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Branch |
4 Chittagong 4 Sylhet 4 Khulna 4 Bogra 4 Rajshahi |
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Factory |
4 Rupshi, Narayanganj 4 Salgaria, Pabna |
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Factory Telephone No |
NIL |
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Factory Fax No |
NIL |
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Warehouse |
4 Rupshi, Narayanganj 4 Salgaria, Pabna |
DIRECTORS
|
Name |
Mr. Samson H. Chowdhury |
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Designation |
Chairman |
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Nationality |
Bangladeshi |
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Name |
Mr. Anjan Chowdhury |
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Designation |
Managing Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr. Samson H. Chowdhury |
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Share Percent |
40% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Anjan Chowdhury |
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Share Percent |
60% |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturer, Seller & Exporter |
|
Items Dealing In |
Cosmetics & Toiletries |
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Terms of Purchase |
Local: cash or Credit Import: Against L/C |
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Terms of Sale |
Local: cash or Credit Export: Against L/C |
BANKERS
|
Name |
Agrani Bank Limited |
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Branch |
Mohakhali Branch |
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Address |
Mohakhali C/A, Dhaka |
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SWIFT |
N/A |
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Name |
IFIC Bank Limited |
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Branch |
Motijheel Branch |
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Address |
Motijheel C/A, Dhaka |
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SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2010 |
2009 |
2008 |
|
Investment |
Tk.87 million |
Tk.87 million |
Tk.85 million |
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Turnover |
Tk.3 billion |
Tk.2.7 billion |
Tk.2.1 billion |
|
Liability |
Tk.7.4 million |
Tk.8 million |
Tk.8.5 million |
|
Assets |
Tk.2 billion |
Tk.2 billion |
Tk.1.5 billion |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.500 million |
|
Paid Up Capital |
Tk.150 million |
|
Each Share Value |
Tk.100 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
120.6465 |
|
U.S Dollar |
1 |
74.7500 |
|
European Euro |
1 |
106.0852 |
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$ 60,000.00 |
90 days |
GENERAL INFORMATION
|
Employees |
530 |
|
Office Area (Sq.
Ft) |
3,500 Sq.Ft (own) |
|
Factory Area
(Sq. Ft) |
1.5 acres of land (own) |
|
Warehouse Area
(Sq. Ft) |
8,400 Sq.Ft. (own) |
|
Range of
Products |
4 Beauty Soap 4 Shampoo 4 Tooth Paste 4 body Spray 4 Washing Powder 4 Washing Ball
Soap 4 Shaving Cream 4 Shaving Lotion 4 After Shave 4 Coconut Oil 4 Hair Care Oil 4 Sanitary Napkin 4 Tooth Powder 4 Dishwashing
Liquid 4 Hand Wash 4 Ketoconazole
Shampoo 4 Air Freshener 4 Insects Killer 4 Toilet Cleaner 4 Attar |
|
Brand Name |
4 Meril 4 Chaka 4 Jui 4 Kool 4 Senora 4 Magic 4 Freshgel 4 White Plus 4 Saaf 4 Zerocal 4 Spring 4 Sepnil 4 Xpel Aerosol 4 Chamak 4 Select Plus 4 Shakti 4 Madina |
|
Export Market |
4 UK 4 Germany 4 Australia 4 Malaysia 4 Myanmar 4 India 4 Bhutan 4 UAE 4 KSA 4 Bahrain 4 Qatar 4 Kuwait 4 Singapore |
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Number of
Products |
4 50 |
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Raw Materials
Imported From |
4 England 4 France 4 Holland 4 Switzerland 4 Germany 4 India |
|
Certifications |
4 ISO: 9001 |
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Group Name |
4 Square Group |
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Subsidiaries /
Affiliates |
4 Square Spinning
Limited 4 Square
Cephalosporin Limited 4 Square Biotechs
Limited 4 Square Textiles
Limited 4 Square Knit
Fabrics Limited 4 Square Fashions
Limited 4 Square
Hospitals Limited 4 Square
Pharmaceuticals Limited 4 Square Consumer
Products Limited 4 Square
Informatix Limited 4 Square Agro
Development & Processing Limited 4 Square Herbal
& Nutraceuticals Limited |
|
Member |
4 Dhaka Chamber
of Commerce & Industry, Dhaka 4 Bangladesh Cosmetics
Manufacturers Associations, Dhaka |
COMMENTS
The subject is a private limited company engaged in
manufacturing, selling & exporting of cosmetics & toiletries. The
company is the country's leading manufacturer of international quality
cosmetics and toiletries with over 50 products. Square
Toiletries Ltd. started its journey in 1988 with a single product as a separate
division of Square Pharmaceuticals. In 1994, SQUARE Toiletries Ltd. becomes a Private Limited Company. The
subject is a concern of Square Group, a renowned business house of Bangladesh.
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.45.27 |
|
UK Pound |
1 |
Rs.73.34 |
|
Euro |
1 |
Rs.64.58 |
RATING EXPLANATIONS
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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 |
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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 |
|
<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.