IRA INFORM REPORT
|
Report Date : |
26.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
DAJI JUTE MILLS LIMITED |
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Registered Office : |
Zanglia (Ex-Badc Fertilizer Godown), Comilla-3500 |
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Country : |
Bangladesh |
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Date of Incorporation : |
08.03.1996 |
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Com. Reg. No.: |
C-31966 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
manufacturer and exporter
of yarns |
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 |
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Maximum Credit Limit : |
US$ 25,000.00 |
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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) |
|
Banlgadesh |
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 |
Daji Jute Mills
Limited |
|
Address |
Zanglia (Ex-Badc
Fertilizer Godown), Comilla-3500 |
|
Country |
Bangladesh |
|
Telephone No |
+880-81-65668 |
|
Fax No |
+880-81-65667 |
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E-Mail |
|
|
Website |
NIL |
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Established |
1996 |
|
Company Registration No |
C-31966 |
|
Registration date |
8th March 1996 |
|
Legal Status |
Private Limited |
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Business Type |
Manufacturing & Exporting |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
LOCATIONS
|
Head Office |
Zanglia (Ex-Badc
Fertilizer Godown), Comilla-3500 |
|
Telephone No |
+880-81-65668 |
|
Fax No |
+880-81-65667 |
|
E-Mail |
|
|
Website |
NIL |
|
Branch |
NIL |
|
Factory |
Zanglia (Ex-Badc
Fertilizer Godown), Comilla-3500 |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
Zanglia (Ex-Badc
Fertilizer Godown), Comilla-3500 |
DIRECTORS
|
Name |
Mr. Mozammel Haque |
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Designation |
Chairman & Managing Director |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Sung Bang Won |
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Designation |
Director |
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Nationality |
Chinese |
BUSINESS DETAILS
|
Line of Business |
Manufacturer & Exporter |
|
Items Dealing In |
Jute Yarn |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Export: Against L/C |
BANKERS
|
Name |
Agrani Bank Ltd |
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Branch |
Comilla Branch |
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Address |
Comilla |
|
SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2010 |
2009 |
2008 |
|
Investment |
Tk.32 million |
Tk.30 million |
Tk.30 million |
|
Turnover |
Tk.247 million |
Tk.245.6 million |
Tk.245 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.40 million |
Tk.38 million |
Tk.38 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.20 million |
|
Paid Up Capital |
Tk.200, 000.00 |
|
Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
120.9072 |
|
U.S Dollar |
1 |
73.8500 |
|
European Euro |
1 |
106.4622 |
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 |
410 |
|
Office Area (Sq.
Ft) |
1,800 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
32,000 sq.ft (rented) |
|
Warehouse Area
(Sq. Ft) |
5,500 sq.ft.(rented) |
|
Range of
Products |
4 Jute Yarns 4 Jute Sticks |
|
Export Market |
4 China 4 Japan 4 Turkey 4 Iran 4 Syria |
|
Certifications |
NIL |
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Group Name |
NIL |
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Subsidiaries /
Affiliates |
NIL |
|
Member |
4 Comilla Chamber
of Commerce & Industries , Comilla |
COMMENTS
The subject is private limited company is engage as manufacturer
and exporter of yarns to overseas countries.
The subject is a China Bangladesh joint venture
company.
The directors are all very experienced people in this line
of trade. They are reported to be fair in their trade terms and well reputed in
the trading circle. The all directors were appointed by government.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.13 |
|
UK Pound |
1 |
Rs.75.52 |
|
Euro |
1 |
Rs.66.53 |
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.