MIRA INFORM REPORT
|
Report Date : |
29.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
FUCHS LUBRICANTS BANGLADESH LIMITED |
|
|
|
|
Registered Office : |
37, Suhrawardy Avenue, Block-K, Suite-4/A, Baridhara, Dhaka-1212 |
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|
|
Country : |
Bangladesh |
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|
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Year of Establishment : |
2002 |
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|
|
Legal Form : |
Private Limited Company |
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|
|
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Line of Business : |
Manufacturing & Selling of lubricants |
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$ 45,000.00 |
|
|
|
|
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 |
n1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
COMPANY DETAILS
|
Name |
Fuchs Lubricants Bangladesh Limited |
|
Address |
37, Suhrawardy
Avenue, Block-K, Suite-4/A, Baridhara, Dhaka-1212 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-8858465,
8858559 |
|
Fax No |
880-2-8858465,
8858559 Ext.-112 |
|
E-Mail |
|
|
Website |
|
|
Established |
2002 |
|
Legal Status |
Private Limited |
|
Business Type |
Manufacturer & Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
LOCATIONS
|
Head Office |
37, Suhrawardy
Avenue, Block-K, Suite-4/A, Baridhara, Dhaka-1212, Bangladesh |
|
Telephone No |
880-2-8858465,
8858559 |
|
Fax No |
880-2-8858465,
8858559 Ext.-112 |
|
E-Mail |
|
|
Website |
|
|
Number of Distribution Sites |
7 |
|
Plant |
BSCIC Industrial Estate, Block-A, Sagarika Road, Chittagong- 4219,
Bangladesh |
|
Plant Telephone No |
880-31-750060, 750446,
750940 |
|
Plant Fax No |
880-31-750061 |
|
Warehouse |
BSCIC Industrial Estate, Block-A, Sagarika Road, Chittagong- 4219,
Bangladesh |
DIRECTORS
|
Name |
Capt. Imam Anwar Hossain |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Fuchs Petrolub AG |
|
Share Percent |
100% |
|
Country |
Germany |
BUSINESS DETAILS
|
Line of Business |
Manufacturer & Seller |
|
Items Dealing In |
Lubricants |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
BANKERS
|
Name |
Prime Bank Ltd |
|
Branch |
Baridhara Branch |
|
Address |
Baridhara, Dhaka |
|
SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2010 |
2009 |
2008 |
|
Investment |
Tk.1.5 billion |
Tk.1.5 billion |
Tk.1 billion |
|
Turnover |
Tk.3.3 billion |
Tk.3 billion |
Tk.2.8 billion |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.2.2 billion |
Tk.2.2 billion |
Tk.2 billion |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.50 million |
|
Paid Up Capital |
Tk.10 million |
|
Each Share Value |
Tk.100 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
122.0593 |
|
U.S Dollar |
1 |
74.7500 |
|
European Euro |
1 |
107.3933 |
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$ 45,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
520 |
|
Office Area (Sq.
Ft) |
2,700 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
2.5 acres of land (leased) |
|
Warehouse Area
(Sq. Ft) |
10,000 sq.ft (leased) |
|
Range of
Products |
4 Open Gear
Lubricants 4 Diverse Greases 4 Industrial
Lubricants for Diverse Applications 4 Lubricants for
Power Supply System 4 Engine &
Gear Oils |
|
Major
Clients |
4 Abul Khair
Steel Mills Ltd. 4 Al – Amin Group 4 Anlima Textile
Ltd. 4 Aramit Cement
Ltd. 4 Baghdad Express 4 Baghdad
Fisheries Ltd. 4 Bangladesh
Railway (BR) 4 Bangladesh
Rifles (BDR) 4 Bashundhara
Riverview Project 4 Bashundhara
Steel Complex Ltd 4 Biswas
Synthetic Ltd. 4 Biswas Textiles
Ltd. 4 Chin Hung
Fibers Ltd. 4 China Bangla
Ceramic Industries Ltd. 4 Confidence
Cement Ltd. 4 Dhaka -
Shanghai Ceramics Ltd. 4 Diamond Cement
Ltd. 4 Directorate
General of Defense Purchase (DGDP). 4 Emirates Cement
Bangladesh Ltd. 4 Energy Prima
Ltd. 4 Energypac
Engineering Ltd. 4 Esack Brothers
Industries Ltd. (Container Yard) 4 Esquire Knit
Composite Ltd 4 Export Pack
Ltd. 4 Foy's Lake
Amusement World 4 Fresh Cement
Mills Ltd. 4 GATCO 4 GBB Power Ltd. 4 Globe Soft
Drinks Ltd. (Uro Brand) 4 GMS Composite
Knitting Ind. Ltd. 4 Golden
Containers Ltd. 4 GPH Ispat Ltd. 4 Great Wall
Ceramics Industries Ltd. 4
HeidelbergCement Bangladesh Ltd 4 HNS Automobiles 4 Ibrahim Textile
Mills Ltd 4 KDS Accessories 4 KDS Logistics
Ltd 4 KDS Poly
Industries Ltd. 4 KDS Textile
Mills Ltd. 4 Khadim Ceramics
Ltd. 4 Kohinoor
Chemical Co. Ltd. 4 KYCR Coil
Industries Ltd. 4 Meghna Cement
Mills Ltd. 4 Meghna Rubber
Industries Ltd. 4 Mirpur Ceramics
Works Ltd. 4 Mongla Cement
Ltd. 4 Mostafa Paper
Complex Ltd. 4 Mostafa Vegetable
Oil Industries Ltd. 4 N.P. Elegance 4 N.R. Group 4 National Fans
Ltd. 4 NGS Cement
Industries Ltd. 4 Noman Group 4 Pacific Jeans
Ltd. 4 Partex Group 4 PHP Cold
Rolling Mills Ltd. 4 PHP Continuous
Galvanizing Mills Ltd. 4 PHP Float Glass
Industries Ltd. 4 PHP Power
Company Ltd. 4 PHP Power
Generation Plant Ltd. 4 PHP Ship
Breaking and Recycling Industries Ltd. 4 PHP Steels Ltd. 4 Premier Cement
Mills Ltd. 4 Project
Promoters Private Ltd. 4 Radisson Water
Garden Hotel 4 Rahim Steel
Mills Co. (Pvt.) Ltd 4 Reedisha Knitex
Ltd. 4 Regent Textile
Mills Ltd. 4 RFL Plastics
Ltd. 4 S. Alam Cement
Ltd. 4 S. Alam Cold
Rolled Steels Ltd. 4 S. Alam Refined
Sugar Industries Ltd. 4 Saudia S. Alam
A/C Bus 4 Square Knit
Composite Ltd. 4 Square Textiles
Ltd. 4 Star Line Group 4 Sundarban
Courier Service (Pvt.) Ltd. 4 The Westin
Dhaka Hotel 4 Unilon Textiles
Ltd. 4 United Sugar
Mills Ltd. 4 Western Marine
Shipyard Ltd. 4 Youngone Group |
|
Export Market |
N/A |
|
Certifications |
ISO 9001:2008 |
|
Parent Company |
4 Fuchs Petrolub AG |
|
Subsidiaries /
Affiliates |
N/A |
|
Member |
4 Dhaka Chamber
of Commerce & Industries, Dhaka |
COMMENTS
The subject is a private limited company engaged in
manufacturing & selling of lubricants. The subject
is the wholly owned Bangladeshi subsidiary of Fuchs Petrolub AG Germany, world
leader in specialty lubricants.
The directors are 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.44.13 |
|
UK Pound |
1 |
Rs.72.05 |
|
Euro |
1 |
Rs.63.33 |
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.