MIRA INFORM REPORT
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Report Date : |
11.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
UNIVERSAL YARN DYEING LIMITED |
|
|
|
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Registered Office : |
4th Floor, Erector House, 18 Kemal Ataturk Avenue, Banani C/A,
Dhaka–1213 |
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|
|
|
Country : |
Bangladesh |
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Date of Incorporation : |
28.01.2005 |
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|
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Com. Reg. No.: |
C-46633 |
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|
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Legal Form : |
Private Limited Company |
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|
|
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Line of Business : |
dyeing of yarns |
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 – 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 |
Universal Yarn Dyeing Limited |
|
Address |
4th Floor, Erector House,
18 Kemal Ataturk Avenue, Banani C/A, Dhaka–1213 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-9899784-5,
9888569 |
|
Fax No |
880-2-8854219 |
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E-Mail |
|
|
Website |
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Established |
2002 |
|
Company Registration No |
C-46633 |
|
Registration date |
28th
January 2005 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of Joint Stock Companies & Firms, Dhaka |
|
Business Type |
Dyeing |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
LOCATIONS
|
Head Office |
4th Floor,
Erector House, 18 Kemal Ataturk Avenue, Banani C/A, Dhaka–1213 |
|
Telephone No |
880-2-9899784-5,
9888569 |
|
Fax No |
880-2-8854219 |
|
E-Mail |
info@uydlbd.com |
|
Website |
|
|
Branch |
NIL |
|
Factory |
BSCIC Ind.
Est., Tarotia, Korotia, Tangail |
|
Factory Telephone No |
880-92162340 |
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Factory Fax No |
880-92162341 |
|
Warehouse |
BSCIC Ind. Est.,
Tarotia, Korotia, Tangail |
DIRECTORS
|
Name |
Mr. Syed
Nurul Arefeen |
|
Designation |
Chairman & Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Syed
Farid Ahmed |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr. Syed
Nurul Arefeen |
|
Share Percent |
60% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Syed
Farid Ahmed |
|
Share Percent |
40% |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Dyeing |
|
Items Dealing In |
Yarns |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
|
Production
Capacity |
1,800,000
Kgs per
year |
|
Last Year
Production |
1,800,000
Kgs |
BANKERS
|
Name |
AB Bank Ltd |
|
Branch |
Banani Branch |
|
Address |
Banani Commercial Area, Dhaka |
|
SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2009 |
2008 |
2007 |
|
Investment |
Tk.35 million |
Tk.35 million |
Tk.33 million |
|
Turnover |
Tk.300.4 million |
Tk.300 million |
Tk.298 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.50 million |
Tk.50 million |
Tk.48 million |
CAPITAL STRUCTURE
Authorized Capital Tk.20 million
Paid Up Capital Tk.250,000.00
Each Share Value Tk.100.00
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
121.1632 |
|
U.S Dollar |
1 |
73.8800 |
|
European Euro |
1 |
107.6949 |
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$ 25,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
320 |
|
Office Area (Sq.
Ft) |
2,200 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
34,000 Sq.Ft. (rented) |
|
Warehouse Area
(Sq. Ft) |
7,000 sq.ft.(rented) |
|
Range of
Products |
4 100% Cotton 20/2 "NE"
(Carded) 4 100% Cotton 20/2 "NE"
(Combed) |
|
Major
Clients |
4 Local Export Oriented
Garments Industries |
|
Raw Materials
From |
4 Switzerland 4 Italy 4 Taiwan 4 USA 4 UK 4 India |
|
Certifications |
NIL |
|
Group Name |
NIL |
|
Subsidiaries /
Affiliates |
NIL |
|
Member |
4 Bangladesh Textile Mills
Association, Dhaka 4 Dhaka Chamber of Commerce &
Industries, Dhaka |
COMMENTS
The subject is a private limited company who is engaged in
dyeing of yarns.
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.44.72 |
|
UK Pound |
1 |
Rs.72.93 |
|
Euro |
1 |
Rs.64.72 |
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.