MIRA INFORM REPORT
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Report Date : |
01.03.2011 |
IDENTIFICATION DETAILS
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Name : |
BRITISH MOTORS BANGLADESH LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
25.09.2006 |
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Com. Reg. No.: |
C-63326 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing & Selling of vehicles mainly Land Rover |
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$ 30,000.00 |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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
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Name |
British Motors Bangladesh Limited |
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Address |
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Country |
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Telephone No |
880-2-8860107 |
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Fax No |
880-2-8860073 |
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E-Mail |
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Website |
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Established |
2006 |
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Company Registration No |
C-63326 |
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Registration date |
25th
September 2006 |
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Legal Status |
Private Limited |
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Issuing Authority |
The Registrar of Joint Stock of Companies & Firms, |
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Business Type |
Importer & 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
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Head Office |
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Telephone No |
880-2-8860107 |
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Fax No |
880-2-8860073 |
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E-Mail |
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Website |
www.guavauk.com |
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Branch |
NIL |
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Factory |
N/A |
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Factory Telephone No |
N/A |
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Factory Fax No |
N/A |
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Warehouse |
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DIRECTORS
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Name |
Mr. Saber
Hossain Chowdhury |
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Designation |
Chairman &
Managing Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Sadeque
Hossain Chowdhury |
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Designation |
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
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Name |
Mr. Saber
Hossain Chowdhury |
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Designation |
60% |
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Nationality |
Bangladeshi |
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Name |
Mr. Sadeque
Hossain Chowdhury |
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Designation |
30% |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
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Line of Business |
Importer &
Seller |
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Items Dealing In |
Vehicles |
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Terms of Purchase |
Import: Against L/C |
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Terms of |
Local: Cash or Credit |
BANKERS
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Name |
Standard
Chartered Bank |
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Branch |
Gulshan Branch |
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Address |
Gulshan, |
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SWIFT |
N/A |
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Name |
HSBC |
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Branch |
Gulshan Branch |
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Address |
Gulshan, |
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SWIFT |
N/A |
FINANCIAL INFORMATION
Note:
The subject has flatly refused to reveal any financial information.
CAPITAL STRUCTURE
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Authorized
Capital |
Tk.30 million |
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Paid Up Capital |
Tk.2 million |
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Each Share Value |
Tk.100.00 |
EXCHANGE RATE
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Currency |
Unit |
Bangladeshi Taka (BDT) |
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1 |
115.5267 |
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U.S Dollar |
1 |
71.2600 |
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European Euro |
1 |
97.9754 |
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
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Amount |
Based On |
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US$ 30,000.00 |
90 days |
GENERAL INFORMATION
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Employees |
50 |
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Office Area (Sq.
Ft) |
2,400 sq.ft (rented) |
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Factory Area
(Sq. Ft) |
N/A |
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Warehouse Area
(Sq. Ft) |
10,800 sq.ft. (rented) |
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4 Land Rover Car |
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Main Foreign
Principal |
4 Guava |
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Certifications |
NIL |
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Group Name |
NIL |
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Subsidiaries /
Affiliates |
NIL |
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Member |
4 Association, 4 Dhaka Chamber of Commerce &
Industries, |
COMMENTS
The subject is a private limited company who is engaged in
importing & selling of vehicles mainly Land Rover in
The Chairman & Managing Director Mr. Saber Hossain
Chowdhury is a renowned politician of Bangladesh & Honorable Member of
Parliament.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.18 |
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1 |
Rs.72.79 |
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Euro |
1 |
Rs.62.15 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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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 |
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.