MIRA INFORM REPORT
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Report Date : |
20.07.2011 |
IDENTIFICATION DETAILS
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Name : |
HOTEL SUPPORT COMPANY LIMITED |
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Registered Office : |
House No.14, Road No.5 Sector-1, Uttara Model Town, Dhaka-1230 |
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Country : |
Bangladesh |
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Date of Incorporation : |
07.01.1999 |
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Com. Reg. No.: |
C-41914 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Distributor, Consultant and Supplier of various
Hospitality supplies |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
US$ 25,000.00 |
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Status : |
Moderate |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Bangladesh |
b1 |
b1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
Hotel Support
Company Limited |
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Address |
House
No.14, Road No.5 Sector-1, Uttara Model Town, Dhaka-1230 |
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Country |
Bangladesh |
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Telephone No |
880-2-8917864,
8912440 |
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Fax No |
880-2-8912307 |
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E-Mail |
scl@ngglgroup.com,
ceo.hscl@ngglgroup.com, mohiuddin@ngglgroup.com |
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Website |
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Established |
1999 |
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Company Registration No |
C-41914 |
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Registration date |
7th
January 1999 |
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Legal Status |
Private Limited |
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Issuing Authority |
The Registrar of Joint Stock Companies & Firms , Dhaka |
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Business Type |
Distributor,
Consultant and Supplier |
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Status |
Satisfactory |
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Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
LOCATIONS
|
Head Office |
House No.14, Road No.5 Sector-1, Uttara Model Town, Dhaka-1230 |
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Telephone No |
880-2-8917864,
8912440 |
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Fax No |
880-2-8912307 |
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E-Mail |
scl@ngglgroup.com,
ceo.hscl@ngglgroup.com, mohiuddin@ngglgroup.com |
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Website |
www.ngglgroup.com.bd |
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Branch |
NIL |
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Factory |
N/A |
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Factory Telephone No |
N/A |
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Factory Fax No |
N/A |
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Warehouse |
House No.14, Road No.5 Sector-1, Uttara Model Town, Dhaka-1230 |
DIRECTORS
|
Name |
Mr. Khan M Ahsan |
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Designation |
Chairman &
Managing Director |
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Nationality |
Bangladeshi |
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Name |
Ms. Suhaila Khan |
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Designation |
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr. Khan M Ahsan |
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Share Percent |
60% |
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Nationality |
Bangladeshi |
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Name |
Ms. Suhaila Khan |
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Share Percent |
40% |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Distributor,
Consultant and Supplier |
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Items Dealing In |
Hospitality
Supplies Including Equipment and Machinery |
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Terms of Purchase |
Import: Against L/C |
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Terms of Sale |
Local: Cash or Credit |
BANKERS
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Name |
Dhaka Bank
Limited |
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Branch |
Uttara Branch |
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Address |
Uttara, Dhaka |
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SWIFT |
N/A |
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Name |
Dutch Bangla
Bank Limited |
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Branch |
Uttara Branch |
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Address |
Uttara, Dhaka |
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SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2010 |
2009 |
2008 |
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Investment |
Tk.18 million |
Tk.18 million |
Tk.16 million |
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Turnover |
Tk.157 million |
Tk.157 million |
Tk.155 million |
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Liability |
NIL |
NIL |
NIL |
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Assets |
Tk.24 million |
Tk.24 million |
Tk.22 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.20 million |
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Paid Up Capital |
Tk.250,000.00 |
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Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
119.6132 |
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U.S Dollar |
1 |
74.5300 |
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European Euro |
1 |
105.1767 |
ADVERSE DATA MONITORING
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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
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Employees |
62 |
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Office Area (Sq.
Ft) |
2,500 sq.ft (rented) |
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Factory Area
(Sq. Ft) |
N/A |
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Warehouse Area
(Sq. Ft) |
8,500 sq.ft. (rented) |
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Range of
Products & Services |
House Keeping Supplies 4 International standard special Carpet 4 Imported Linens 4 Cleaning tools and trolleys 4 Total Door Locking System & Supplies 4 Guest And Hotel Room Amenities 4 Restaurant Supplies And Disposables 4 All Room Kits 4 Bedding and therapeutic mattress 4 World Class Furniture 4 Wall papers 4 Guest mini-bars 4 Acoustic Operable partition wall for convention halls 4 Bathroom fittings include faucets, showerhead, bath ware,
tiles & fittings. 4 Health Club, Swimming pool items, Steam Bath items, sauna,
health spa items & accessories 4 Blackout/Curtain/Venetian blinds. 4 Upholstery Kitchen Item 4 Kitchenware and Utensils 4 Food preparation items 4 Bakery Equipment 4 Oven Range (stockpot to "tandori" to convection Ovens) 4 Refreeze ration Units (Chiller under counter to walk-in chiller
& freezers) 4 Dishwashers (Glass washer to conveyer dish washers) Food & Beverage Department 4 Food Service Equipment (plate dispensers, chaffing dishes to
food service trolley) 4 Food Display Items(hot & cold item display) 4 Coffee Machines, juice dispensing 4 Vending Machines 4 Food Handling Items 4 Tableware 4 Glassware 4 Utensils 4 Chef's requirements Laundry Equipment 4 Washer Extractor 4 Dryer 4 Pressing Units including flat work ironer 4 Drycleaners 4 All laundry spares Engineering Equipment & Machinery 4 Scissors lift 4 Hydraulic platform 4 Fork lift 4 Sound system 4 Lighting system and all spares Others 4 Catering Items and Machinery 4 Cleaning Items and Equipments such as Hardware(Ride on /
walk behind Scrubber drivers to wet & dry vacuum cleaners
& blowers) 4 Bar Supplies 4 Chemical Supplies (For Cleaning Companies, Hotels- House
keeping, Kitchen & Laundry etc.) 4 Commercial Kitchen Design and Installation 4 Commercial Laundry Design and Installation |
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Major Clients |
4 Dhaka Sheraton Hotel 4 Westin Hotel & Resorts 4 Radisson Water Garden Hotel 4 Pan Pacific Sonargaon 4 Armed Forces 4 United Nations Organizations 4 Nokia 4 Telecommunication Companies. 4 ICDDRB 4 BCPS 4 United, Apollo, Square Hospitals 4 Public Works Dept. 4 VIP Guest Houses. 4 International Convention Centers. 4 National/International/Multi-national Corporate Establishment 4 Shopping Malls. 4 Biman Bangladesh Airlines 4 Biman Flight Catering Center (BFCC) |
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Certifications |
NIL |
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Group Name |
4 NGGL Group |
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Subsidiaries /
Affiliates |
4 NEXT Generation Graphics Limited 4 AVIA SUPPORT LIMITED 4 ALAP-ABC-ESSL 4 Bangla Broadband 4 Secura Bangladesh Ltd 4 Secura System limited 4 Graphics Communication Limited 4 New Graphics International 4 Electronic Security Solution Ltd 4 Unicon Holdings Ltd |
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Member |
4 Dhaka Chamber of Commerce &
Industries, Dhaka |
COMMENTS
The subject is private limited company engaged as Distributor, Consultant and Supplier of various Hospitality supplies including equipment and machinery at home and abroad. The subject is a concern of NGGL Group.
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.44.59 |
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UK Pound |
1 |
Rs.71.62 |
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Euro |
1 |
Rs.62.78 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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<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.