MIRA INFORM REPORT

 

 

Report Date :           

11.07.2011

 

IDENTIFICATION DETAILS

 

Name :

DYSIN CHEM LIMITED

 

 

Registered Office :

Skylark Point (3rd Floor), 24/A, Bijoy Nogor,  175 Shohid Syed Nazrul Islam Soronee, Dhaka-1000

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

05.06.1984

 

 

Com. Reg. No.:

C-25304

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importing, Indenting & Distributing of Textile Chemicals

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

US$ 22,000.00

Status :

Moderate

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

b1

b1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

COMPANY DETAILS

 

Name

Dysin Chem Limited

Address

Skylark Point (3rd Floor), 24/A, Bijoy Nogor,  175 Shohid Syed Nazrul Islam Soronee, Dhaka-1000

Country

Bangladesh

Telephone No

880-2-8316729, 8312049, 8315504, 9335060

Fax No

880-2-934 8682, 8361364

E-Mail

dysin@dysin.com , dysinchm@bdmail.net

Website

www.dysin.com

Established

1984

Company Registration No

C-25304

Registration date

5th June 1984

Legal Status

Private Limited

Issuing Authority

The Registrar of joint Stock Companies & Firms, Dhaka

Business Type

Importer, Indenter & Distributor 

Status

Satisfactory

Payment Behavior

No complaints have been heard regarding payments 

from local suppliers or banks.

 

 

LOCATIONS

 

Head Office

Skylark Point (3rd Floor), 24/A, Bijoy Nogor,  175 Shohid Syed Nazrul Islam Soronee, Dhaka-1000

Telephone No

880-2-8316729, 8312049, 8315504, 9335060

Fax No

880-2-934 8682, 8361364

E-Mail

dysin@dysin.com , dysinchm@bdmail.net

Website

www.dysin.com

Branch 

Gulistan Branch Office

Deen Super Market (2nd Floor),

152, S. S. Nazrul Islam Soronee

(North South Road ), Dhaka-1000.

Tel/Fax # 956 6949,

Mobile: 0172-523714

 

Mirpur Branch Office

319/3 Senpara Parbata (Behind DHL Office),

Begam Rokeya Soronee, Mirpur

Dhaka-1216.

Phone # 900 4330

 

Hazaribagh Branch Office

124, Dhaka Tannery Market,

Hazaribagh, Dhaka-1209

Tel: 966 6140 Mobile: 0171-849889

 

Narayangonj Branch Office

River View Complex (2nd Floor),

56, S. M. Maleh Road,

Tanbazar, Narayangonj.

Tel/Fax: 880-2-761 0727

Mobile: 0171-663169

 

           

Madhabdi Branch Office

Hazrat Ali Super Market, Birampur Road, Madhabdi, Norsinghdi.

Phone # 06257-772,

Mobile: 0171-662507

 

Chittagong Branch Office

109/3, Korbanigonj (Anarkoly Chamber),

East Boluardighy, Chittagong.

Tel/Fax # 880-31-620520,

Mobile: 0171-888701

 

Gazipur Branch Office

Plot # 141-A, BSCIC, Konabari, Gazipur.

Mobile: 0171-355185

 

Shajadpur Branch Office

Dariapur Bazar

(In front of Kironbala School),

Shahjadpur, Sirajgonj.

Mobile: 0171-329983

 

Rajshahi Branch Office

Namo Vadra. Rajshahi

Tel: 0721-762039

Factory

NIL

Factory Telephone No

NIL

Factory Fax No

NIL

Warehouse

Skylark Point (3rd Floor), 24/A, Bijoy Nogor,  175 Shohid Syed Nazrul Islam Soronee, Dhaka-1000

 

DIRECTORS

 

Name

Mr. Mizanur Rahman

Designation

Chairman & Managing Director

Nationality

Bangladeshi

 

 

Name

Mr. M. Najmul Islam

Designation

Director

Nationality

Bangladeshi

 

 

SHAREHOLDERS

 

Name

Mr. Mizanur Rahman

Share Percent

70%

Nationality

Bangladeshi

 

 

Name

Mr. M. Najmul Islam

Share Percent

30%

Nationality

Bangladeshi

 

 

BUSINESS DETAILS

 

Line of Business

Importer, Indenter & Distributor 

Items Dealing In

Chemicals  

Terms of Purchase

Import: Against L/C

Terms of Sale

Local: Cash or Credit

 

 

BANKERS

 

Name

Basic Bank Ltd

Branch

Bijoy Nagar Branch

Address

Bijoy Nagar, Dhaka

SWIFT

N/A

 

 

Name

Janata Bank Ltd

Branch

Bijoy Nagar Branch

Address

Bijoy Nagar, Dhaka

SWIFT

N/A

 

 

Name

Agrani Bank Ltd

Branch

Bijoy Nagar Branch

Address

Bijoy Nagar, Dhaka

SWIFT

N/A

 

 

FINANCIAL INFORMATION

 

Year

2010

2009

 

2008

Investment

Tk.20 million

Tk.18 million

Tk.18 million

Turnover

Tk.147 million

Tk.145.9 million

Tk.145.2 million

Liability

NIL

NIL

NIL

Assets

Tk.30 million

Tk.28 million

Tk.28 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

118.8886

U.S Dollar

1

74.3100

European Euro

1

106.3673

 

 

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$ 22,000.00

90 Days

 

 

GENERAL INFORMATION

 

Employees

50

Office Area (Sq. Ft)

1,500 sq.ft (rented)

Factory Area (Sq. Ft)

NIL

Warehouse Area (Sq. Ft)

4,500 sq.ft.(rented)

Range of Products

4 Dyestuffs

4 Pigment Colours

4 Textile Auxiliaries

4 Pigment Printing Auxiliary chemicals

4 Screen Chemicals and Accessories

4 Basic Chemicals

Imported From 

4 USA

4 Japan

4 Taiwan

4 Korea

4 China

4 India

4 France

4Switzerland

Major Clients 

4 Local & Export Oriented Textile Processing Industries

Certification 

NI L

Group Name

4 Dysin Group  

Subsidiaries / Affiliates

4 Dysin-Chem Industries (Pvt.) Ltd.

4 Dysin-Chem Corporation

4 Ansams (Pvt.) Ltd.

4 NAM Trading & Manufacturing Co., Ltd.

4 NIS Corporation

4 Fultex Dye-chem

4 Leo Enterprises

4 Aman Enterprises

4 Ecotex Chemical Co.

4 Createx Fashion & Co.

4 Trade Wiser & Co.

4Aryanna Trading Co.

4 R.  J. Prochem

Member

4 Dhaka Chamber of Commerce & Industries, Dhaka

4 American Association of Textile Chemists & Colorists (AATCC)

 

 

COMMENTS

 

The subject is private limited company who is engaged in importing, indenting & distributing of textile chemicals. The subject is a concern of Dysin Group. 

 

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.44.33

UK Pound

1

Rs.70.74

Euro

1

Rs.63.65

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.