MIRA INFORM REPORT
|
Report Date : |
27.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
DESHBANDHU GROUP |
|
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Registered Office : |
Mostafa Center, House No.59, Road No.27, Block-K, Banani, Dhaka-1213 |
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Country : |
Bangladesh |
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Year of Establishment : |
1932 |
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Com. Reg. No.: |
Not Available |
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Legal Form : |
Not Available |
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Line of Business : |
Manufacturing and marketing
of Refined Sugar, PP Woven Bag, Development of Real Estates and Trading of
Bulk commodities. |
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$ 40,000.00 |
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|
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|
Status : |
Satisfactory |
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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) |
|
Bangladesh |
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 |
Deshbandhu Group |
|
Address |
Mostafa
Center, House No.59, Road No.27, Block-K, Banani, Dhaka-1213 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-8810910,
8816731 |
|
Fax No |
880-2-9891456 |
|
E-Mail |
|
|
Website |
|
|
Established |
1932 |
|
Company Registration No |
N/A |
|
Registration date |
N/A |
|
Legal Status |
The members of the group all are Public
& private limited Companies
incorporated With the Registrar of Joint Stock Companies,
Dhaka & Rest are Proprietorship Companies |
|
Business Type |
Manufacturer, Exporter, Importer & Trader |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints
have been heard regarding payments from local suppliers or banks. |
LOCATIONS
|
Head Office |
Mostafa Center,
House No.59, Road No.27, Block-K, Banani, Dhaka-1213 |
|
Telephone No |
880-2-8810910,
8816731 |
|
Fax No |
880-2-9891456 |
|
E-Mail |
|
|
Website |
|
|
Sales Office |
BCIC
Bhaban (16th Floor), 30-31 Dilkusha C/A, Dhaka 1000, Bangladesh |
|
Factory |
Kawadi,
Charshindur, Narshingdi, Bangladesh |
|
Factory Telephone No |
NIL |
|
Factory Fax No |
NIL |
|
Warehouse |
Kawadi,
Charshindur, Narshingdi, Bangladesh |
DIRECTORS
|
Name |
Mr. Golam Mostafa |
|
Designation |
Chairman |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Golam Rahman
|
|
Designation |
Managing
Director |
|
Nationality |
Bangladeshi |
SHAREHOLDER
|
Name |
Mr. Golam Mostafa |
|
Share Percentage |
50% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Golam Rahman
|
|
Share Percentage |
50% |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturer, Exporter, Importer & Trader |
|
Items Dealing In |
Various
Items |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit Export: Against L/C |
BANKERS
|
Name |
Southeast Bank
Ltd |
|
Branch |
Banani Branch |
|
Address |
Banani, Dhaka |
|
SWIFT |
N/A |
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|
|
|
Name |
Dhaka Bank Ltd |
|
Branch |
Banani Branch |
|
Address |
Banani, Dhaka |
|
SWIFT |
N/A |
|
|
|
|
Name |
Habib Bank Ltd |
|
Branch |
Banani Branch |
|
Address |
Banani, Dhaka |
|
SWIFT |
N/A |
|
|
|
|
Name |
Bank Asia Ltd |
|
Branch |
Dilkusha Branch |
|
Address |
Dilkusha C/A, Dhaka |
|
SWIFT |
N/A |
|
|
|
|
Name |
Mercantile Bank
Ltd. |
|
Branch |
Dilkusha Branch |
|
Address |
Dilkusha C/A, Dhaka |
|
SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2010 |
2009 |
2008 |
|
Investment |
Tk.5 billion |
Tk.4 billion |
Tk.4 billion |
|
Turnover |
Tk.10 billion |
Tk.8 billion |
Tk.8 billion |
|
Liability |
Tk.17 million |
Tk.17.9 million |
Tk.18.2 million |
|
Assets |
Tk.8 billion |
Tk.6 billion |
Tk.6 billion |
CAPITAL STRUCTURE
|
Authorized
Capital |
N/A |
|
Paid Up Capital |
N/A |
|
Each Share Value |
N/A |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
121.6116 |
|
U.S Dollar |
1 |
74.7000 |
|
European Euro |
1 |
107.4335 |
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$ 40,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
5,800 |
|
Office Area (Sq.
Ft) |
3,200 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
70,000 Sqf (own) |
|
Warehouse Area
(Sq. Ft) |
10,800 sq.ft.(own) |
|
Range of
Products |
4 Refined
Sugar 4 Woven
Bags 4 Ready-made Sweaters 4 Ethanol Fuel 4 Real Estate Development 4 Bulk Commodities 4 Fertilizer 4 Cement 4 Rice 4 Other Food Grains |
|
Export
Market |
4 Nepal 4 India 4 Turkey 4 Europe 4 USA |
|
Certification |
4 ISO 9001:2000 |
|
Group Companies |
4 Deshbandhu Sugar Mills Ltd 4 Deshbandhu Polymer Limited 4 Southeast Sweaters Ltd 4 Deshbandhu Distilleries Ltd 4 Rapa Plaza 4 Moru Trade 4 Commodities Trading Company 4 Fertilizer Marketing Corporation 4 M. R. Trading 4 G. M. Properties 4 Deshbandhu Power Plant 4 Deshbandhu Sugar Exports 4 MTI Solution 4 Multi Trade International |
|
Member |
4 Dhaka Chamber
of Commerce & Industry, Dhaka 4 Refined Sugar
Association, London 4 Bangladesh
Garments Manufacturers & Exporters Association, Dhaka |
COMMENTS
The subject is a group company engaged in manufacturing and
marketing of Refined Sugar, PP Woven Bag, Development of Real Estates and
Trading of Bulk commodities. The group runs a woven sweater manufacturing
house, exporting their products all over the world. The group is now
endeavoring to set up the first ever ethanol fuel plant in Bangladesh, an
alternative automobile energy source.
The directors are well conversant in their line of trade and
they are also experienced businessman. They are financially solvent and good at
his business commitments, it is reported.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.29 |
|
UK Pound |
1 |
Rs.72.37 |
|
Euro |
1 |
Rs.64.17 |
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.