MIRA INFORM REPORT
|
Report Date : |
03.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
SUPER PROTECTIVE SHOES PVT. LIMITED |
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|
|
|
Registered Office : |
Plot No.167-171, Adamjee EPZ, Shiddirgonj, Narayangonj |
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Country : |
Bangladesh |
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Date of Incorporation : |
05.03.2007 |
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|
|
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Com. Reg. No.: |
C-68540 |
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|
|
|
Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturing & Exporting of military shoes, safety shoes &
worker shoes |
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$ 20,000.00 |
|
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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
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 |
Super Protective
Shoes Pvt. Limited |
|
Address |
Plot No.167-171, Adamjee EPZ, Shiddirgonj, Narayangonj |
|
Country |
Bangladesh |
|
Telephone No |
880-2-7692067, 7692070 |
|
Fax No |
880-2-7692068 |
|
E-Mail |
spsdhaka@yandex.ru |
|
Website |
NIL |
|
Established |
2007 |
|
Company Registration No |
C-68540 |
|
Registration date |
5th March 2007 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Register of Joint Stock Companies & Firms, Dhaka |
|
Business Type |
Manufacturer & Exporter |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
LOCATIONS
|
Head Office |
Plot No.167-171, Adamjee EPZ, Shiddirgonj, Narayangonj |
|
Telephone No |
880-2-7692067, 7692070 |
|
Fax No |
880-2-7692068 |
|
E-Mail |
spsdhaka@yandex.ru |
|
Website |
NIL |
|
Branch |
NIL |
|
Factory |
Plot No.167-171, Adamjee EPZ, Shiddirgonj, Narayangonj |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
Plot No.167-171, Adamjee EPZ, Shiddirgonj, Narayangonj |
DIRECTORS
|
Name |
Mr. Salim Ahmed |
|
Designation |
Chairman & Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Munir Ahmed |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr. Salim Ahmed |
|
Share Percent |
70% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Munir Ahmed |
|
Share Percent |
30% |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturer & Exporter |
|
Items Dealing In |
Shoes |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
BANKERS
|
Name |
HSBC |
|
Branch |
Gulsah Branch |
|
Address |
Gulshan , Dhaka |
|
SWIFT |
HSBCBDDH |
FINANCIAL INFORMATION
|
Year |
2009 |
2008 |
2007 |
|
Investment |
Tk.20 million |
Tk.20 million |
Tk.18 million |
|
Turnover |
Tk.225.6 million |
Tk.225 million |
One year not completed |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.28 million |
Tk.25 million |
Tk.25 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.20 million |
|
Paid Up Capital |
Tk.250,000.00 |
|
Each Share Value |
Tk.100 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
121.9423 |
|
U.S Dollar |
1 |
72.9800 |
|
European Euro |
1 |
108.0688 |
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$ 20,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
500 |
|
Office Area (Sq.
Ft) |
2,000 sq.ft (rened) |
|
Factory Area
(Sq. Ft) |
34,000 sq.ft (rented) |
|
Warehouse Area
(Sq. Ft) |
8,500 sq.ft (rented) |
|
Range of
Products |
4 Military
Shoes 4 Safety Shoes 4 Worker
Shoes |
|
Export Market |
4 Ukraine 4 Russia |
|
Certifications |
NIL |
|
Group Name |
NIL |
|
Subsidiaries /
Affiliates |
NIL |
|
Member |
4 Bangladesh
Footwear Manufacturers & Exporters Association, Dhaka 4 Dhaka Chamber
of Commerce & Industries, Dhaka |
COMMENTS
The subject is a private limited company engaged in
manufacturing & exporting of military shoes, safety shoes & worker
shoes to overseas countries.
The directors are 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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.33 |
|
UK Pound |
1 |
Rs.73.89 |
|
Euro |
1 |
Rs.65.57 |
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.