MIRA INFORM REPORT
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Report Date : |
20.06.2011 |
IDENTIFICATION DETAILS
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Name : |
ZAMAN JUTE DIVERSIFIED MILLS LIMITED |
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Registered Office : |
Mahbub Mansion (Ground Floor), 71 Motijheel
C/A, Dhaka-1000 |
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Country : |
Bangladesh |
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Date of Incorporation : |
08.03.2009 |
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Com. Reg. No.: |
C-76653 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturing, Exporting & Selling of jute yarn |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Maximum Credit Limit : |
US$ 30,000.00 |
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Status : |
New Company |
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Payment
Behaviour : |
Unknown |
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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 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
COMPANY DETAILS
|
Name |
Zaman Jute
Diversified Mills Limited |
|
Address |
Mahbub Mansion (Ground Floor), 71 Motijheel C/A, Dhaka-1000 |
|
Country |
Bangladesh |
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Telephone No |
880-2-9561319 |
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Fax No |
880-2- 9561318 |
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E-Mail |
zaman@butterfly-lg.com |
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Website |
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Established |
2009 |
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Commercial
Production From |
January 2011 |
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Company Registration No |
C-76653 |
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Registration date |
8th March 2009 |
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Legal Status |
Private Limited |
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Issuing Authority |
The Registrar of
Joint Stock Companies & Firms, Dhaka |
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Business Type |
Manufacturer, Exporter & Seller |
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Status |
Satisfactory |
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Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
LOCATIONS
|
Head Office |
Mahbub Mansion (Ground Floor), 71 Motijheel C/A, Dhaka-1000 |
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Telephone No |
880-2-9561319 |
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Fax No |
880-2- 9561318 |
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E-Mail |
zaman@butterfly-lg.com |
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Website |
|
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Branch |
NIL |
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Factory |
Jhenaidah,
Bangladesh |
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Factory Telephone No |
N/A |
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Factory Fax No |
N/A |
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Warehouse |
Jhenaidah,
Bangladesh |
DIRECTORS
|
Name |
Mrs. Sharmin Mamtaz |
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Designation |
Chairman |
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Nationality |
Bangladeshi |
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Name |
Mr. Syed Asaduzzaman |
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Designation |
Managing Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mrs. Sharmin Mamtaz |
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Share Percent |
50% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Syed Asaduzzaman |
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Share Percent |
50% |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturer. Exporter & Seller |
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Items Dealing In |
Jute Yarns |
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Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
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Terms of Sale |
Local: Cash or Credit |
BANKERS
|
Name |
United Commercial Bank Limited |
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Branch |
Motijheel Branch |
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Address |
Motijheel Commercial Area, Dhaka |
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SWIFT |
N/A |
FINANCIAL INFORMATION
Note: One year operation is not completed yet.
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.20 million |
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Paid Up Capital |
Tk.250,000 |
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Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
119.7250 |
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U.S Dollar |
1 |
73.9500 |
|
European Euro |
1 |
104.8759 |
ADVERSE DATA MONITORING
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Dishonored
Checks |
No Found |
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Debt |
No Records Found |
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Litigation |
No Records Found |
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Performance
Defaults |
No Records Found |
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Adverse Press
Coverage |
No Records Found |
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Money Laundering |
No Records Found |
MAXIMUM RECOMMENDED CREDIT
|
Amount |
Based On |
|
US$ 30,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
250 |
|
Office Area (Sq.
Ft) |
2,500 Sq.ft (own) |
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Factory Area
(Sq. Ft) |
42,000 sq.ft (rented) |
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Warehouse Area
(Sq. Ft) |
8,500 Sq.ft (own) |
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Range of
Products |
4 Jute Yarns
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Export
Market |
4 Eastern Europe |
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Certifications |
NIL |
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Group Name |
4 Zaman Group of
Industries |
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Subsidiaries /
Affiliates |
4 Rafid Poultry
and Hatchery Ltd. 4 Nova Poultry
Ltd. 4 Rashik GP
Hatchery Ltd. 4 Rafid Feed Ltd. 4 Zaman Flour
Mills Ltd. 4 Zaman Consumer
Products Ltd. 4 Zaman Oil Mills
Ltd. 4 Khatoon Plastic
Industries 4 Rahil Transport
|
|
Member |
4 Dhaka Chamber
of Commerce & Industry, Dhaka 4 Bangladesh Jute
Mills Association, Dhaka |
COMMENTS
The subject is a private limited company engaged in
manufacturing, exporting & selling of jute yarns. The subject is a newly
established company. The subject is a concern of Zaman Group of
Industries.
The directors are experienced people in this
line of trade. They are reported to be financially healthy and strong in their
business commitments.
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 |
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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 |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
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.