MIRA INFORM REPORT
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Report Date : |
21.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
FAMOUS IBERCHEM FLAVOURS & FRAGRANCES
LIMITED |
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Registered Office : |
38, |
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Country : |
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Date of Incorporation : |
15.01.2003 |
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Com. Reg. No.: |
C-49747 |
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Legal Form : |
Private Limited Company
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Line of Business : |
Manufacturer & Seller of Flavour & Perfume |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$ 20,000.00 |
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Status : |
Satisfactory |
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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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
b1 |
b1 |
|
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 |
Famous Iberchem
Flavours & Fragrances Limited |
|
Address |
Kunia,
KB Bazar, Taragach, Tongi, Gazipur |
|
Country |
|
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Telephone No |
880-2-9861749,
9880525, 9894844, 7312170, 7310366 |
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Fax No |
880-2-7313729 |
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E-Mail |
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|
Website |
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Established |
2003 |
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Company Registration No |
C-49747 |
|
Registration date |
15th
January 2003 |
|
Legal Status |
Private Limited |
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Issuing Authority |
The Registrar of Joint Stock Companies & Firms, |
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Business Type |
Manufacturer & Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
LOCATIONS
|
Head Office |
38, |
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Telephone No |
880-2-9861749,
9880525, 9894844, 7312170, 7310366 |
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Fax No |
880-2-7313729 |
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E-Mail |
|
|
Website |
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Branch |
NIL |
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Factory |
Kunia, KB Bazar, Taragach, Tongi, Gazipur |
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Factory Telephone No |
N/A |
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Factory Fax No |
N/A |
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Warehouse |
Kunia, KB Bazar, Taragach, Tongi, Gazipur |
DIRECTORS
|
Name |
Mr. Mohammad
Hasan |
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Designation |
Chairman |
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Nationality |
Bangladeshi |
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|
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Name |
Mr. Mohammad
Newaz |
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Designation |
Managing
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr. Mohammad
Hasan |
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Share Percent |
50% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Mohammad
Newaz |
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Share Percent |
50% |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturer & Seller |
|
Items Dealing In |
Flavour &
Perfume |
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Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
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Terms of |
Export: Against L/C |
BANKERS
|
Name |
Standard
Chartered Bank |
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Branch |
Main Branch |
|
Address |
Dilkusha C/A, |
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SWIFT |
N/A |
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Name |
Mercantile Bank Limited |
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Branch |
Bangshal Branch |
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Address |
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SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2009 |
2008 |
2007 |
|
Investment |
Tk.22 million |
Tk.20 million |
Tk.20 million |
|
Turnover |
Tk.177 million |
Tk.175.6 million |
Tk.175 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.25 million |
Tk.23 million |
Tk.23 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.20 million |
|
Paid Up Capital |
Tk.200,000.00 |
|
Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
|
1 |
115.6423 |
|
U.S Dollar |
1 |
71.8900 |
|
European Euro |
1 |
100.6676 |
ADVERSE DATA MONITORING
|
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 |
|
Money Laundering |
No Records Found |
MAXIMUM RECOMMENDED CREDIT
|
Amount |
Based On |
|
US$ 20,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
340 |
|
Office Area (Sq.
Ft) |
1,200 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
17,000 sq.ft (rented) |
|
Warehouse Area
(Sq. Ft) |
3,500 sq.ft (rented) |
|
|
4 Food Color 4 Perfume 4 Flavour 4 Fragrance |
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Major
Clients |
4 Local
Consumers |
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Certification |
NIL |
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Group Name |
4 Famous Group |
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Subsidiaries /
Affiliates |
4 Famous Flavours & Fragrances Ltd 4 Famous Perfumery Suppliers 4 Famous Printing & Packaging Limited |
|
Member |
4 Dhaka Chamber of Commerce &
Industries, |
COMMENTS
The subject is private limited company engaged in manufacturing &
selling of flavour & fragrances in local market. The subject is an only
flavours, fragrances & food color manufacturer in
The directors are all experienced businessmen. They are financially solvent and good at their business commitment, it is reported.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.09 |
|
|
1 |
Rs.72.82 |
|
Euro |
1 |
Rs.63.43 |
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 |
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.