MIRA
INFORM REPORT
|
Report Date : |
13.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
PANNA BATTERY LIMITED |
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Registered Office : |
West Rasulpur, Kamrangirchar, Dhaka-1211 |
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Country : |
Bangladesh |
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Date of Incorporation : |
14.03.2002 |
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Com. Reg. No.: |
C-62721 |
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Legal Form : |
Private Limited |
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Line of Business : |
Manufacturer &
Seller of Battery |
RATING & COMMENTS
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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$ 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) |
|
Bangladesh |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
COMPANY DETAILS
|
Name |
Panna Battery
Limited |
|
Address |
West Rasulpur,
Kamrangirchar, Dhaka-1211 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-9667365,
9661071 |
|
Fax No |
880-2-8613201 |
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E-Mail |
info@pannagroupbd.com |
|
Website |
|
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Established |
2002 |
|
Company Registration No |
C-62721 |
|
Registration date |
14th
March 2002 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of Joint Stock Companies & Firms, Dhaka |
|
Business Type |
Manufacturer & Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local suppliers
or banks. |
LOCATIONS
|
Head Office |
2/2
Arambag (167 Motijheel Circular Road), Eden Annex Mosque Complex (2nd Floor),
Dhaka-1000 |
|
Telephone No |
880-2-7191341-2,
7194706 |
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Fax No |
880-2-7191341-2,
7194706 Ext: 199 |
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E-Mail |
info@pannagroupbd.com |
|
Website |
|
|
Branch |
Chittagong
Office : 74 Sheikh Mujib Road ( Ground floor & 1st floor) Agrabad, Chittagong, Phone: 017 13 482249 Jessore Office :
82 Dhaka Road, Taltola, Jessore, Phone: 011 98 012009 Bogra Office : Dhaka highway road, Nishindara Charmatha, Bogra, Phone: 011 98 012008 Barisal Office :
Bandh Road (Stemar Ghat), Barisal, Phone: 011 97 008120 Comilla : Araiywora (Noapara), Dhaka Road, Durgapur, Comilla, Phone: 011 95 008991 Sylhet : House-8, Road-18, Block-B, Shahajalal Uposhahar, Sylhet, Phone: 011 95 008993 |
|
Factory |
West
Rasulpur, Kamrangirchar, Dhaka-1211 |
|
Factory Telephone No |
880-2-9667365,
9661071 |
|
Factory Fax No |
880-2-8613201 |
|
Warehouse |
West Rasulpur,
Kamrangirchar, Dhaka-1211 |
DIRECTORS
|
Name |
Mrs. Jonaki
Begom |
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Designation |
Chairman |
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Nationality |
Bangladeshi |
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Name |
Al-Haj Md. Lokman
Hossain |
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Designation |
Managing Director |
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Nationality |
Bangladeshi |
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Name |
Al-Haj Md. Abul
Bashar Khan |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Md. Shahid
Khan |
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Designation |
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mrs. Jonaki
Begom |
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Share Percent |
30% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Al-Haj Md.
Lokman Hossain |
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Share Percent |
30% |
|
Nationality |
Bangladeshi |
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|
|
|
Name |
Al-Haj Md. Abul
Bashar Khan |
|
Share Percent |
20% |
|
Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Md. Shahid
Khan |
|
Share Percent |
20% |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturer & Seller |
|
Items Dealing In |
Battery |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
BANKERS
|
Name |
Prime Bank Ltd |
|
Branch |
SBC Tower Branch |
|
Address |
Motijheel Commercial Area, Dhaka-1000 |
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SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2009 |
2008 |
2007 |
|
Investment |
Tk.31.5 million |
Tk.30 million |
Tk.30 million |
|
Turnover |
Tk.289.2 million |
Tk.288.6 million |
Tk.288 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.48 million |
Tk.45 million |
Tk.45 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) |
2,000 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
45,000 Sq.Ft. (rented) |
|
Warehouse Area
(Sq. Ft) |
6,500 sq.ft.(rented) |
|
Range of
Products |
4 All types of Battery |
|
Major
Clients |
4 Meghna Group 4 Abdul Monem Ltd 4 Sinha Textile 4 East West Corporation 4 Partex Group 4 Agroni Trading Ltd 4 Krishi Bank 4 Agroni Apartment Ltd 4 Crown Cement 4 ACI Ltd 4 Abul Khair Group 4 Incepta Pharmaceuticals Ltd 4 Shah Cement 4 Square Pharmaceuticals Ltd 4 Unique Cement 4 Energypack Power Generation Ltd 4 Milk Vita 4 Head Office Communications Ltd 4 Islami Bank Ltd 4 Hanif Paribahan 4 Shohag Paribahan 4 Saymoli Paribahan 4 City Cell 4 Agroni Bank Ltd 4 Taba Telecom 4 Green Wheel(BD) Technologies Ltd 4 BS Engineering 4 Grameen Power 4 Grameen Shakti 4 Continental Courier Service 4 Ingen Technology 4 SA Paribahan 4 M/S Kalu Auto 4 Ellen Express 4 Greenline Paribahan |
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Raw Materials
From |
4 India 4 China 4 Taiwan |
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Certifications |
4 ISO 9001:2008 4 ISO 14001:2004 |
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Group Name |
4 Panna Group |
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Subsidiaries /
Affiliates |
4 Panna
Distribution Limited 4 Altu
Khan Jute Mills Limited 4 Panna
Plastic Limited 4 Panna
Powertech Limited |
|
Member |
4 International Council of Battery
(USA) 4 Dhaka Chamber of Commerce &
Industries, Dhaka |
COMMENTS
The subject is a private limited company who is engaged in
manufacturing and selling of all kinds and sizes battery for household appliances,
automobiles and industrial battery for different uses. The subject is a concern
of Panna 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.44.72 |
|
|
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.