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MIRA INFORM REPORT
|
Report Date : |
14.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
DART GLOBAL LOGISTICS (PRIVATE) LIMITED |
|
|
|
|
Registered Office : |
House No.2 (1st floor), Road No.-54/A, Gulshan-2,
Dhaka-1212 |
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|
|
|
Country : |
Bangladesh |
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|
|
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Year of Establishment : |
2000 |
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|
|
|
Legal Form : |
Private Limited Company |
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|
|
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Line of Business : |
international Logistics Service Provider |
RATING & COMMENTS
|
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 |
|
Status : |
Moderate |
|
Payment
Behaviour : |
No Complaints |
|
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 |
Dart Global Logistics (Private) Limited Note: The
subject operates by this name. |
|
Address |
House No.2 (1st floor), Road No.-54/A, Gulshan-2, Dhaka-1212 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-8821453, 8823787 |
|
Fax No |
880-2-8823823 |
|
E-Mail |
|
|
Website |
|
|
Established |
2000 |
|
Company Registration No |
Registered in Sri Lanka |
|
Registration date |
Registered in Sri Lanka |
|
Legal Status |
Private Limited |
|
Issuing Authority |
Registered in Sri Lanka |
|
Business Type |
International Logistics Service Provider |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
LOCATIONS
|
Head Office |
Dart Freight Centre, No. 260, Sri Ramanathan Mawatha,
Colombo 15, Sri Lanka |
|
Telephone No |
+94
11 4609600 |
|
Fax No |
+94
11 2448628 |
|
E-Mail |
|
|
Website |
|
|
Branch |
1331/B, Shahjadi Chamber (4th floor),
Sheikh Mujib Road, Agrabad C/A, Chittagong, Bangladesh |
|
Factory |
N/A |
|
Factory Telephone No |
NIL |
|
Factory Fax No |
NIL |
|
Warehouse |
House No.2 (1st floor), Road No.-54/A, Gulshan-2, Dhaka-1212 |
COUNTRY DIRECTOR
|
Name |
Mr.
Dhanesh Kellapotha |
|
Designation |
Country Director |
|
Nationality |
Sri Lankan |
SHAREHOLDER
|
Name |
Dart West Asia Holdings (Pvt.) Limited |
|
Share Percent |
100% |
|
Country |
Sri Lanka |
BUSINESS DETAILS
|
Line of Business |
International
Logistics Service Provider |
|
Items Dealing In |
Logistics Services |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit Export: Against L/C |
BANKERS
|
Name |
Commercial Bank
of Ceylon |
|
Branch |
Gulshan Branch |
|
Address |
Gulshan, Dhaka |
|
SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2009 |
2008 |
2007 |
|
Investment |
Tk.20 million |
Tk.18 million |
Tk.18 million |
|
Turnover |
Tk.217 million |
Tk.215.6 million |
Tk.215 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.28 million |
Tk.25 million |
Tk.25 million |
Note: The subject flatly refused to reveal any financial information. Whichever shown is collected unofficially.
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 |
119.9101 |
|
U.S Dollar |
1 |
73.9000 |
|
European Euro |
1 |
106.0539 |
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 |
100 |
|
Office Area (Sq.
Ft) |
2,500 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
3,500 sq.ft.(rented) |
|
Range of
Services |
4 Domestic/International
transportation - Air, Sea, Land 4 Multi
country consolidation 4 Multi
model transportation 4 Contracted
capacity with competitive pricing 4 Round-the-clock
contact-ability 4 Dedicated
customer service agents 4 Order
monitoring 4 Complete
documentation - Pre & Post shipment 4 Tracking/Tracing/Delivery
confirmation and customized status reports 4 Warehouse
management/stock control 4 Customs
brokerage |
|
Major
Clients |
4 100% Readymade Garments Industries 4 100% Export & Import Company |
|
Certifications |
NIL |
|
Parent Company |
4 Dart West Asia Holdings (Pvt.) Limited, Sri Lanka |
|
Subsidiaries /
Affiliates |
4 Dart
Global Logistics Pty. Ltd, Australia 4 Dart Global Logistics (Pvt.) Ltd, Sri Lanka 4 Dart
Global Logistics LLC, UAE 4 Dart Global Logistics (Pvt.) Ltd,
India 4 Dart
Global Logistics SARL, Madagascar 4 Dart
Global Logistics Pvt. Ltd, Pakistan 4 Dart
Global Logistics Ltd, UK 4 Dart Global Logistics (NYC) Inc., USA |
|
Member |
4 Dhaka Chamber of Commerce &
Industries, Dhaka |
COMMENTS
The subject is a private limited company who is engaged as
international Logistics Service Provider. The subject is Bangladesh office of
Dart Global Logistics (Pvt.) Ltd, Sri Lanka.
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.44.87 |
|
UK Pound |
1 |
Rs.72.83 |
|
Euro |
1 |
Rs.64.37 |
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 |
|
---- |
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.