MIRA INFORM REPORT

 

 

Report Date :           

21.06.2011

 

IDENTIFICATION DETAILS

 

Name :

ENERGYPAC ENGINEERING LIMITED

 

 

Registered Office :

Jiban Bima Tower (9th & 11th Floor), 10 Dilkusha Commercial Area, Dhaka-1000

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

29.05.1982

 

 

Com. Reg. No.:

C-23997

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacturing, Exporting and Selling of various electrical equipment and their main clients are the local utility corporations

 

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$ 30,000.00

Status :

Satisfactory

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

 

 Bottom of Form

 

COMPANY DETAILS

 

Name

Energypac Engineering Limited

Address

Jiban Bima Tower (9th & 11th Floor), 10 Dilkusha Commercial Area, Dhaka-1000

Country

Bangladesh

Telephone No

 
880-2-9561883

Fax No

880-2-9563728

E-Mail

 
energy@bol-online.com

Website

www.energypac-bd.com

Established

May 1982

Company Registration No

C-23997

Registration date

29th May 1982

Legal Status

Private Limited

Issuing Authority

The Registrar of Joint Stock Companies & Firms, Dhaka

Business Type

Manufacturer, Seller, Exporter & Turnkey Contractor

Status

Satisfactory

Payment Behavior

No complaints have been heard regarding payments 

from local suppliers or banks.

 

 

LOCATIONS

 

Head Office

Jiban Bima Tower (9th & 11th Floor), 10 Dilkusha Commercial Area, Dhaka-1000

Telephone No

 
880-2-9561883

Fax No

880-2-9563728

E-Mail

 
energy@bol-online.com

Website

www.energypac-bd.com

Branch

Local Branch Offices:

Chittagong Office

House 6, Lane 1, Road 3

Halishahar Housing Estate

Chittagong, Bangladesh

Phone: +880-31-715473

Fax: +880-31-715473

E-mail: akhaleq.ctg@energypac.com

 

Rajshahi Office

Millpara, Sopura,

Rajshahi, Bangladesh

Phone: +880-721-760099

 

Khulna Office

84, Khan Jahan Ali Road,

Khulna, Bangladesh

Phone: +880-41-722546

 

Sylhet Office

Bari Mansion, 1st Floor

Room-215, Amberkhana

Airport Road, Sylhet, Bangladesh

Phone: +880-1-713147069

 

Bogra Office

Mafiz Paglar More (2nd floor)

Sherpur Road, Shutrapur, Bogra, Bangladesh

Phone: +880-1-713147041

Contact Person: Majedur Rahman

E-mai: epgl.bogra@energypac.com

 

Overseas Offices

India Office

Energypac Engineering Ltd.

IB-144,Sector-III, Salt Lake,

Kolkata, India

TeleFax:  +91-033-2335 1618

Email: energypackolkata@gmail.com

 

China Office

302A Guangxinghua Building No. 18

Nan’er Street, Siyouxin RoadJ

Wuyang New Town,

Guangzhou, China

TeleFax:  +86-208-737092

Email: chinergygz@gmail.com

Contact Person: James

Factory

Baruipara, Savar, Dhaka, Bangladesh

Factory Telephone No

 
880-682251297

Factory Fax No

880-682251798

Warehouse

Baruipara, Savar, Dhaka, Bangladesh

 

 

DIRECTORS

 

Name

Mr. Enamul Haque Chowdhury

Designation

Chairman & Managing Director

Nationality

Bangladeshi

 

 

Name

Engr. Rabiul Alam

Designation

Director & CEO

Nationality

Bangladeshi

 

 

Name

Mr. Humayun Rashid

Designation

Director

Nationality

Bangladeshi

 

 

SHAREHOLDERS

 

Name

Mr. Enamul Haque Chowdhury

Share Percent

50%

Nationality

Bangladeshi

 

 

Name

Engr. Rabiul Alam

Share Percent

30%

Nationality

Bangladeshi

 

 

Name

Mr. Humayun Rashid

Share Percent

20%

Nationality

Bangladeshi

 

BUSINESS DETAILS

 

Line of Business

Manufacturer, Seller, Exporter & Turnkey Contractor

Items Dealing In

Power System Equipments 

Terms of Purchase

Local: Cash or Credit

Import: Against L/C

Terms of Sale

Local: Cash or Credit

Export: Against L/C

 

 

BANKERS

 

Name

Standard Chartered Bank

Branch

Main Branch

Address

Dilkusha Commercial Area, Dhaka

SWIFT

N/A

 

 

Name

HSBC

Branch

Anchor Tower Branch

Address

Anchor Tower, Sonargaon Road, Dhaka

SWIFT

N/A

 

 

FINANCIAL INFORMATION

 

Year

2009

2008

 

2007

Investment

Tk.452 million

Tk.450 million

Tk.450 million

Turnover

Tk.1.8 billion

Tk.1.63 billion

Tk.1.5 billion

Liability

Tk.385 million

Tk.388 million

Tk.390 million

Assets

Tk.754 million

Tk.750 million

Tk.750 million

 

Note: The subject has flatly refused to reveal any financial information. Whatever shown here is collected unofficially and as such its authenticity could not be verified.

 

CAPITAL STRUCTURE

 

Authorized Capital

Tk.500 million

Paid Up Capital

Tk.100, 000.00

Each Share Value

Tk.100.00

 

 

EXCHANGE RATE

 

Currency

Unit

Bangladeshi Taka (BDT)

 

Great Britain Pound

1

119.7602

U.S Dollar

1

73.9900

European Euro

1

105.8797

 

 

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$ 30,000.00

90 Days

 

 

GENERAL INFORMATION

 

Employees

1,200

Office Area (Sq. Ft)

5,500 sq.ft (rented)

Factory Area (Sq. Ft)

1.2 acres of lands (own)

Warehouse Area (Sq. Ft)

4,400 sq.ft (own)

Range of Products

Transformer

4 Power Transformer

4 Distribution Transformer

4 Instrument Transformer

4 Other Transformers

 

Switchgear

4 Outdoor Vacuum Circuit Breaker

4 Indoor Vacuum Circuit Breaker

4 Control, Metering, and Relay Panels

4 LT and PFI Panels

4 Indoor Type Load Break Switch

 

Disconnecting switch

4 Outdoor Off-load Disconnectors

4 Indoor Type Load Break Switch

4 By-Pass Switches

 

4 Protection and Automation

 

4 Spare Parts

Export Market

Government:

4 Bangladesh Power Development Board (BPDB)

4 Dhaka Power Distribution Company  Ltd. (DPDC)

4 Power Grid Company of Bangladesh (PGCB)

4 Dhaka Electric Supply Company Ltd. (DESCO)

4 Rural Electrification Board (REB)

4 West Zone Power Distribution Company Ltd. (WZPDC)

4 South Zone Power Distribution Company Ltd. (SZPDC)

4 Rural Power Company Ltd. (RPC)

4 Ashugonj Power Station Company Ltd. (APSCL)

4 North West Zone Power Distribution Company Ltd. (NWZPDC)

4 North West Power Grid Company Ltd. (NWPGC)

 

IPP (Private):

4 Summit Uttaranchal Power Company Ltd.

4 Summit Purbanchal Power Company Ltd.

4 Energypac Confidence Power Venture Ltd.

4 Dorine Power

4 Malancha Holdings Ltd.

4 Precision Energy Ltd.

4 Energies Power Ltd.

4 Regent Power

4 Desh Energy

4 Shahji Bazaar Power Company Ltd.

4 Rahim Energy

 

Corporate :

4 Bashundhara Group

4 Square Group

4 Beximco Group

4 Monno Group

4 Youth Group

4 Minhaz Group

4 Islam Group

4 Navana Group

4 Apex Group

4 Hamim Group

4 Dekko group

4 Mascot Group

4 United Group

4 Summit Group

4 TK Group

4 Nasa Group

4 Envoy Group

4 Mohammadi Group

4 AKH Group

4 Lab Air Group

4 Concord Group

4 Giant Group

4 Madina Group

4 Nitol Group

4 City Group

4 Meghna Group

 

Steel and Re-Rolling Industry:

4 Bashundhara Steel Mills Ltd.

4 Bangladesh Steel and Re-rolling Mills

4 Rahim Steel Mills Ltd.

4 Meghna Steel Mills Ltd.

4 Bikrampur Steel Mills Ltd.

4 Karnaphuli Steel Mills Ltd.

4 Ahmed & Brother Re-Rolling Mills Ltd.

4 Kabir Steel and Re-rolling Mills Ltd.

4 BM Steel Mills Ltd.

4 International Steel Mills Ltd.

4 Super Steel Ltd.

4 Kadamtali Steel Mills Ltd.

4 Rising Steel Ltd.

4 Premium Steel Mills

4 H Steel and Re-rolling Mills Ltd.

4 MTS Re-rolling Mills Ltd.

4 Khan Steel Mills Ltd.

4 Ali Ahmed Re-rolling Ltd.

4 Bright Steel Mills Ltd.

4 Apollo Ispat Ltd

4 Satkania Steel Mills Ltd.

4 Brother Ispat Industries Ltd.

4 Ehsan Re-rolling Mills Ltd.

4 Haque Steel Mills Ltd.

4 Cement Industry:

4 Premier Cement Ltd.

4 MTC Cement Ind. Ltd.

4 Unique Cement Ind. Ltd.

4 Metropoliton Cement Ind.

4 Dubai Bangla Cement

4 Brothers Cement Corporation

4 A.R Cement Mills Ltd.

4 Muslimia Cement Industries

4 Lafarge Cement

4 Bright Cement Ltd.

4 Confidence Cement Ind.

4 M.R. Hatching Cement Ind. Ltd.

4 Chittagong Cement Clinker Company Ltd.

4 Meghna Cement Mills Ltd.

4 Scan Cement

4 Crown Cement

 

Garments Industry:

4 Rose Garments

4 Nasa Garments

4 Shymoli Garments

4 Recent Sweaters

4 Lenny Fashions Ltd.

4 Softex Sweaters

4 J.K Fashions

4 Outright Fashions

4 Sepal Garments

4 Armana Fashions

4 Palmal Garments

4 Express Fashion

4 Shamahar Sweaters

4 Dorin Garments

4 Alana Garments

4 Saleha Garments

4 Jeacon Garments

4 Farnoor garments

4 Fashions Garments Ltd.

4 Dragon Sweater

4 Al- Muslim Garments

4 Topstar Garments

4 Beximco Fashions

4 Minar Garments

4 Regency Garments Ltd.

4 Star Garments Ltd.

 

Textile/Spinning Industry:

4 KDS textile

4 Divine Textile

4 Shephered Textile

4 Gooryoung Textile

4 Pakiza Textile

4 Aymun Textile

4 Niagra Textile

4 Mother Textile

4 Khadiza Textile

4 Siddique Textile

4 G.F Textile

4 Phoenix Textile

4 Unilon Textile

4 Littlestar Spinning

4 Mytas Spinning Mills Ltd.

4 Malek Spinning

4 Metro Spinning

4 Bhai Bhai Spinning

4 Rahman Ahsan Cotton Spinning

4 SAS Composite

4 Sonali Cotton Mills

4 Bangladesh Spinners

4 Apex Spinning

4 Youth Spinning

4 One Composite

4 AA Synthetic

 

Skyscrapers:

4 IDB Bhaban

4 Navana Tower

4 Sheltech tower

4 Summit Centre

4 Awal centre

4 Chandrashila Subastu Tower

4 Mascot Plaza

4 TK Bhaban

4 Sara Tower

4 Safura Tower

4 Mollah Tower

4 A R tower

4 BTA Tower

4 ICDDR’B Bhaban

4 Notre Dame College

4 Baily Heights

4 Shaon Tower

4 Youth Tower

4 Kazi Tower

4 Kulsum Tower

4 Jalil Tower

4 Eastern Plaza

4 Prince Plaza

4 Ismail Mansion

4 Anchor Tower

4 Khaza Tower

 

Residential:

4 Advance Development

4 Amin Mohammad Foundation

4 Asset Development

4 Building For Future

4 BTI

4 Labaid Properties

4 Sheltech

4 Navana Real Estate

4 Oriental Real Estate

4 Rangs Properties

4 Subastu Development

4 UDDL

4 South Breeze

4 Concord

4 Eastern Housing

4 Happy homes Ltd.

4 Lucky Apartment

4 Hassan & Associates

4 Property Development Ltd.

4 Tri-Space Ltd.

4 Hamid Real Estate

 

CNG Refueling Stations:

4 Moni

4 Binimoy

4 Safah

4 Trishna

4 Sonar Bangla

4 Kolka

4 Uttara

4 Surma

4 Bengol Gasoline

4 Rana International

4 United Cab Ltd.

4 G.F trading

4 Anudip Autos Ltd.

4 Rahman & Company

4 Khandakar

4 Cab Express BD Ltd.

4 Rana International

4 Enviro

4 Zahir & Co.

4 HS Enterprise

4 Sario

4 Rajarbagh Service Station

4 Denso

4 Jamuna Auto Centre

4 Super Plus CNG

4 Ananta Resources Ltd.

 

Cold Storage:

4 Neptune

4 Akota

4 Five Star

4 Europa

4 Shahjalal

4 Siraj Ice

4 Bikrampur Potato

4 Udayan

4 Silimpur

4 Nawpara

4 Raj

4 Aman

4 Sarkar

4 Milon

4 Sha Sultan

4 Agomoni

4 FNA

4 Natore

4 Babor

4 Shagor

4 Chashi

4 Kissan

4 Mostafa

4 Mannan

4 Ashik

4 Noapara

 

Plastic/Rubber:

4 Bengal Plastic

4 Zakir Plastic

4 Karnafully plastic

4 Bari Plastic

4 Islam Plastic

4 SMR Plastic

4 Unique Plastic

4 Batic Plastic

4 Ruma Plastic

4 Babul Plastic

4 Jamuna Rubber

4 Gomoti Rubber

4 Janata Rubber

4 Bay Rubber

4 Ruma Rubber

4 Progoti Rubber

4 Shuro Rubber

4 Rupshi Rubber

4 Khulna Rubber

4 Rider Rubber

 

Other Industry:

4 Shahjalal Newsprint

4 Bashundhara Paper Mills

4 Konik paper Mills

4 Freschmidt Tissue

4 Lina Paper Mills

4 Mack Paper & Board Mills

4 Craft Paper Mills

4 Taj Melamine

4 Crown Melamine

4 ATI Ceramics

4 Sharif Melamine

4 Rajib Leather

4 Samata Leather

4 Fahim Marble

4 Holy Crescent Hospital

4 Incepta Pharmaceuticals

4 Drug International

4 Kazi Firm Ltd.

4 BRB Cables

4 Sunshine Cables

4 Unilever

4 Paradise Cables

4 Ekushey Television

4 Shell Oil

4 Standard Chartered Bank

4 Glaxo

Major Foreign Principal

4 ABB

4 AREVA T&D

4 Mitsubishi Electric

Export Market

4 India

4 Yemen

4 Ghana

4 Sudan

4 Uganda

4 Nigeria

4 Saudi Arabia

4 United Kingdom

Certifications

4 ISO 9001:2008

4 ISO 14000:2004

Group Name

NIL

Subsidiaries / Affiliates

4 Energypac Power Generation Limited

4 Energypac Electronics Limited

4 Energypac Agro Limited

4 Energypac Seafoods Limited

4 Energypac Fashions Limited

4 Techadvantage Limited          

Member

4 Dhaka Chamber of Commerce & Industry, Dhaka

 

 

COMMENTS

 

The subject is a private limited company engaged in manufacturing, exporting and selling of various electrical equipment and their main clients are the local utility corporations. The products of the company are of international standard and they are very strict about the quality of their products. The company has established itself as a major supplier of standby and base load generators, low voltage electrical accessories, Busbar systems.

 

The directors are well conversant in their line of trade and they are also experienced businessman. They are financially solvent and fair in their trade terms, it is reported.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.99

UK Pound

1

Rs.72.60

Euro

1

Rs.64.01

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.