MIRA INFORM
REPORT
|
Report Date : |
21.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
MEGHNA GROUP OF INDUSTRIES |
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|
|
|
Registered Office : |
Fresh Villa, House No.15, Road No.34, Gulshan-1, Dhaka-1212 |
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Country : |
Bangladesh |
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Year of Establishment : |
1990 |
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Com. Reg. No.: |
Not Available |
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|
Legal Form : |
Private Limited Company |
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|
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Line of Business : |
manufacturing and selling of various items which is includes consumer
products to stock securities |
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$ 45,000.00 |
|
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 |
COMPANY DETAILS
|
Name |
Meghna Group Of
Industries |
|
Address |
Fresh Villa (5th Floor), House No.15, Road No.34, Gulshan-1,
Dhaka-1212 |
|
Country |
Bangladesh |
|
Telephone No |
880-2- 9887545,9889490,9884791,9889306 |
|
Fax No |
880-2-9884856 |
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E-Mail |
|
|
Website |
|
|
Established |
1990 |
|
Company Registration No |
N/A |
|
Registration date |
N/A |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The
members of the group are all private limited companies incorporated
With the Registrar of Joint Stock
Companies, Dhaka |
|
Business Type |
Manufacturer & Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
LOCATIONS
|
Head Office |
Fresh Villa,
House No.15, Road No.34, Gulshan-1, Dhaka-1212 |
|
Telephone No |
880-2- 9887545,9889490,9884791,9889306 |
|
Fax No |
880-2-9884856 |
|
E-Mail |
|
|
Website |
|
|
Branch |
Sylhet Branch 36/1 Peara
Darshon, Dewri Road, Sylhet, Mobile:
880-821-714463 Moulvi Bazar
Branch 77/2 Moulvi Bazar (2nd Floor), Dhaka-1100, Phone: 880-2-7312188, 7316661 Chittagong
Branch 276 Chowdhury Market, Khatungonj, Chittagong, Phone: 880-31-623208, 638881 Nur Mian Master ByLane, Majeerghat, Chittagong |
|
Factory |
Meghna Ghat, Sonargaon, Narayangonj |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
Meghna Ghat, Sonargaon, Narayangonj |
DIRECTORS
|
Name |
Mr.
Mostafa Kamal |
|
Designation |
Chairman &
Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mrs.
Beauty Akhter |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Ms. Tahmina Binthe Mostafa |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Ms. Tanjima Binthe Mostafa |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr.
Mostafa Kamal |
|
Share Percent |
40% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mrs.
Beauty Akhter |
|
Share Percent |
20% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Ms. Tahmina Binthe Mostafa |
|
Share Percent |
20% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Ms. Tanjima Binthe Mostafa |
|
Share Percent |
20% |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturer & Seller |
|
Items Dealing In |
Various
Items |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
BANKERS
|
Name |
Janata
Bank Ltd |
|
Branch |
Corporate Branch |
|
Address |
Motijheel C/A, Dhaka |
|
SWIFT |
N/A |
|
|
|
|
Name |
Dhaka
Bank Limited |
|
Branch |
Gulshan Branch |
|
Address |
Gulshan, Dhaka |
|
SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2009 |
2008 |
2007 |
|
Investment |
Tk.2 million |
Tk.2 billion |
Tk.1.8 billion |
|
Turnover |
Tk.4.9 million |
Tk.4.5 billion |
Tk.4 billion |
|
Liability |
Tk.195 million |
Tk.199 million |
Tk.200 million |
|
Assets |
Tk3.4 million |
Tk.3 billion |
Tk.3 billion |
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 |
119.7602 |
|
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$ 45,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
8,500 |
|
Office Area (Sq.
Ft) |
8,500 sq.ft (own) |
|
Factory Area
(Sq. Ft) |
80,000 Sq.ft (own) |
|
Warehouse Area
(Sq. Ft) |
12,500 sq.ft.(own)) |
|
Range of
Products |
FRESH
brand 4 Full
Cream Milk Powder 4 Sugar 4
Atta-Maida-Suzi 4 Tea 4Spices 4 Salt 4 Mustard
Oil 4 Cement 4 Poultry
& Fish Feed Super
FRESH brand 4 Natural
Drinking Water 4 Soybean
Oil Others 4 SUPER
PURE Vegetable Oil 4 Paper 4 Woven
PP Bags 4 Power
Plant 4
Dockyard 4 Steel
Drums 4 Real
Estate 4
Chemical 4
Condensed Milk 4 Soymeal
& Rapeseed Cake Services 4 CNG
Refueling & Conversion 4
Printing & Packaging 4
Shipping 4 General
Insurance 4 Stock
Securities 4
Logistic Support |
|
Major Clients |
4 Local Consumer |
|
Certifications |
NIL |
|
Group Name |
N/A |
|
Subsidiaries /
Affiliates |
4 Kamal Trading Co. Ltd. 4 Meghna Tea Company 4 Meghna Coconut & Mustard Oil Mills Ltd. 4 Tanveer Polymer Industries Ltd |
|
Member |
4 Dhaka Chamber of Commerce &
Industries, Dhaka |
COMMENTS
The subject is a group company who is engaged in
manufacturing and selling of various items which is includes consumer products to
stock securities. Meghna group of industries is a well-known business house of
Bangladesh.
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 commitment, it 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 |
|
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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.