MIRA INFORM
REPORT
|
Report Date : |
18.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
BOMBAY SWEETS & COMPANY LTD |
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Registered Office : |
Red Crescent |
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Country : |
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Date of Incorporation : |
19.03.1986 |
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Com. Reg. No.: |
C-15403 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturing, exporting
and selling of various types of
confectionery & related food items. |
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 |
|
Status : |
Satisfactory |
|
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
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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 |
Bombay Sweets & Company Ltd Note: The subject operates by this name |
|
Address |
Red
Crescent |
|
Country |
|
|
Telephone No |
880-2-
9893800-1, 9896800, 9897100 |
|
Fax No |
880-2-9893077,
8814780 |
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E-Mail |
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|
Website |
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Established |
March 1986 |
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Company Registration No |
C-15403 |
|
Registration date |
19th
March 1986 |
|
Legal Status |
Private Limited |
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Issuing Authority |
The Registrar of Joint Stock Companies, |
|
Business Type |
Manufacturer, Exporter & Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
LOCATIONS
|
Head Office |
Red Crescent |
|
Telephone No |
880-2-
9893800-1, 9896800, 9897100 |
|
Fax No |
880-2-9893077,
8814780 |
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E-Mail |
|
|
Website |
|
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Branch |
NIL |
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Factory |
Alibahar, Shampur, |
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Factory Telephone No |
NIL |
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Factory Fax No |
NIL |
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Warehouse |
Alibahar, Shampur, |
DIRECTORS
|
Name |
Mr. M. Sher Ali |
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Designation |
Chairman |
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Nationality |
Bangladeshi |
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|
|
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Name |
Mr. M. Kamal
Uddin A. Aziz |
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Designation |
Managing Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr. M. Sher Ali |
|
Share Percent |
50% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. M. Kamal
Uddin A. Aziz |
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Share Percent |
50% |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturer, Exporter & Seller |
|
Items Dealing In |
Various types of confectionery & related items |
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Terms of Purchase |
Local: Cash or Credit |
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Terms of |
Local: Cash or Credit Export: Against L/C |
BANKERS
|
Name |
Mercantile Bank Limited |
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Branch |
|
|
Address |
Mohakhali Commercial Area, |
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SWIFT |
N/A |
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Name |
Standard
Chartered Bank |
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Branch |
Dilkusha Branch |
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Address |
Dilkusha Commercial Area, |
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SWIFT |
N/A |
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Name |
HSBC |
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Branch |
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|
Address |
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SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2009 |
2008 |
2007 |
|
Investment |
Tk.32 million |
Tk.30 million |
Tk.28 million |
|
Turnover |
Tk.361.6 million |
Tk.360 million |
Tk.359.2 million |
|
Liability |
Tk.9 million |
Tk.9.5 million |
Tk.10.8 million |
|
Assets |
Tk.75 million |
Tk.73 million |
Tk.73 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.20 million |
|
Paid Up Capital |
Tk.300, 000.00 |
|
Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
|
1 |
112.7066 |
|
U.S Dollar |
1 |
71.0500 |
|
European Euro |
1 |
95.0365 |
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 |
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Money Laundering |
No Records Found |
MAXIMUM RECOMMENDED CREDIT
|
Amount |
Based On |
|
US$ 25,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
300 |
|
Office Area (Sq.
Ft) |
2,500 sq.ft (rented) |
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Factory Area
(Sq. Ft) |
26,000 sq.ft (rented) |
|
Warehouse Area
(Sq. Ft) |
3,900 sq.ft. (rented) |
|
|
4 Chips 4 Confectioneries 4 Powder Drinks |
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Export Market |
4 4 4 4 4 4 4 4 4 |
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Certifications |
NIL |
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Group Name |
NIL |
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Subsidiaries /
Affiliates |
4 Trice Pack Limited 4 Fuji Chemicals Limited 4 Kuliar Char Dairy Complex |
|
Member |
4 Dhaka Chamber of Commerce &
Industries, |
COMMENTS
The subject is a private limited company engaged in manufacturing,
exporting and selling of various types of confectionery & related food
items. The company’s products are popular all over the country.
The directors are all experienced businessmen. They are financially solvent and good at their business commitment, it is reported.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.59 |
|
|
1 |
Rs.72.31 |
|
Euro |
1 |
Rs.60.73 |
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 |
---- |
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.