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MIRA INFORM REPORT
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Report Date : |
20.06.2011 |
IDENTIFICATION DETAILS
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Name : |
SKY LOGISTICS (BD) LIMITED |
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Registered Office : |
House No.48(2nd Floor), Road No.11, Block-C, Banani, Dhaka
1213 |
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Country : |
Bangladesh |
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Date of Incorporation : |
15.06.2007 |
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Com. Reg. No.: |
C-76434 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
International Freight Forwarder |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
Sky Logistics
(BD) Limited |
|
Address |
House No.48(2nd Floor), Road No.11, Block-C, Banani, Dhaka 1213 |
|
Country |
Bangladesh |
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Telephone No |
880-2- 8810802, 8812102 |
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Fax No |
880-2-9861750, 8811680 |
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E-Mail |
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|
Website |
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Established |
2008 |
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Company Registration No |
C-76434 |
|
Registration date |
15yh June 2008 |
|
Legal Status |
Private Limited |
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Issuing Authority |
The Registrar of
Joint Stock Companies & Firms, Dhaka |
|
Business Type |
International
Freight Forwarder |
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Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
LOCATIONS
|
Head Office |
House
No.48(2nd Floor), Road No.11, Block-C, Banani, Dhaka 1213 |
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Telephone No |
880-2- 8810802, 8812102 |
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Fax No |
880-2-9861750, 8811680 |
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E-Mail |
|
|
Website |
|
|
Branch |
Singapore
Office: 865 Mountbatten
Road, #06-11/12, Katong Shopping Centre, Singapore 437844 |
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Factory |
N/A |
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Factory Telephone No |
NIL |
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Factory Fax No |
NIL |
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Warehouse |
House No.48(2nd Floor),
Road No.11, Block-C, Banani, Dhaka 1213 |
DIRECTOR
|
Name |
Engr. S A Sabir Akhand |
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Designation |
Chairman & Managing Director
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Nationality |
Bangladeshi |
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Name |
Engr. M. Ahsanul Islam |
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Designation |
Director |
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Nationality |
Bangladeshi |
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|
Name |
Mr. Shafiq Akhand |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Shoaib Akhand |
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Designation |
Director |
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Nationality |
Bangladeshi |
SHAREHOLDER
|
Name |
Engr. S A Sabir Akhand |
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Share Percent |
40% |
|
Country |
Bangladeshi |
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|
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|
Name |
Engr. M. Ahsanul Islam |
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Share Percent |
20% |
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Country |
Bangladeshi |
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|
Name |
Mr. Shafiq Akhand |
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Share Percent |
20% |
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Country |
Bangladeshi |
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Name |
Mr. Shoaib Akhand |
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Share Percent |
20% |
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Country |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
International
Freight Forwarder |
|
Items Dealing In |
Logistics Services |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
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Terms of Sale |
Local: Cash or Credit Export: Against L/C |
BANKERS
|
Name |
Standard
Chartered Bank |
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Branch |
Banani Branch |
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Address |
Banani, Dhaka |
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SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2009 |
2008 |
2007 |
|
Investment |
Tk.18 million |
Tk.18 million |
N/A |
|
Turnover |
Tk.212 million |
One Year Not Completed |
N/A |
|
Liability |
Tk.2.8 million |
Tk.3.5 million |
N/A |
|
Assets |
Tk.28 million |
Tk.28 million |
N/A |
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 |
119.7250 |
|
U.S Dollar |
1 |
73.9500 |
|
European Euro |
1 |
104.8759 |
ADVERSE DATA MONITORING
|
Dishonored
Checks |
No Found |
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Debt |
No Records Found |
|
Litigation |
No Records Found |
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Performance
Defaults |
No Records Found |
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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 |
120 |
|
Office Area (Sq.
Ft) |
2,200 sq.ft (rented) |
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Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
3,500 sq.ft.(rented) |
|
Range of
Services |
4 Airfreight 4 Airfreight-Break
bulk service, Consolidation service 4 GOH
handling, Custom clearance and deliveries 4 Sea/Air
& Air/Sea services, Trans-shipment services 4 Air
charters 4 Sea
Freight 4 Sea
freight consolidation, Break bulk 4 Multi-modal
transportation 4 Project
Cargo 4 Exhibition
shipments, Ship spares in Transit 4 Military
Vehicles, Over sized cargo 4 Ware
Housing & Logistics |
|
Major
Clients |
4 100% Readymade Garments Industries 4 100% Export & Import Company |
|
Certifications |
NIL |
|
Group Name |
4 Sky Group of Companies |
|
Subsidiaries /
Affiliates |
4 Sky
Capital Airlines Limited 4 Sky Real Estate Limited 4 Sky logistics (S) Pte Limited 4 Sky Innova Ltd |
|
Member |
4 Dhaka Chamber of Commerce &
Industries, Dhaka |
COMMENTS
The subject is a private limited company who is engaged as international
freight forwarder. The subject is a concern of Sky Group of Companies.
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.44.93 |
|
UK Pound |
1 |
Rs.72.43 |
|
Euro |
1 |
Rs.63.62 |
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 |
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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.