MIRA
INFORM REPORT
|
Report Date : |
11.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
UREA FERTILIZER FACTORY LIMITED |
|
|
|
|
Registered Office : |
BCIC Bhaban, 30-31, Dilkusha C/A, Dhaka-1000 |
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Country : |
Bangladesh |
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Year of Establishment : |
1970 |
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Com. Reg. No.: |
C-8272 |
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|
Legal Form : |
Private Limited |
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Line of Business : |
Manufacturer & Seller of Fertilizers |
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$ 60,000.00 |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 |
Urea Fertilizer
Factory Limited |
|
Address |
BCIC Bhaban, 30-31, Dilkusha C/A, Dhaka-1000 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-9562140-41, 9559281-82 |
|
Fax No |
880-2-9564120, 9569699 |
|
E-Mail |
|
|
Website |
www.bcic.gov.bd |
|
Established |
1970 |
|
Company Registration No |
C-8272 |
|
Registration date |
12th
March 1972 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of
Joint Stock Companies & Firms, Dhaka |
|
Business Type |
Manufacturer
& Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
LOCATIONS
|
Head Office |
BCIC Bhaban, 30-31, Dilkusha C/A, Dhaka-1000 |
|
Telephone No |
880-2-9562140-41, 9559281-82 |
|
Fax No |
880-2-9564120, 9569699 |
|
E-Mail |
|
|
Website |
www.bcic.gov.bd |
|
Branch |
NIL |
|
Factory |
Ghorasal,
Narsingdhi |
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Factory Telephone No |
880-621-832948 |
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Factory Fax No |
NIL |
|
Warehouse |
Ghorasal, Narsingdhi |
DIRECTORS
|
Name |
Mr. Mohammad Golam
Rabbani |
|
Designation |
Chairman |
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Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Mir Khurshid Anwar |
|
Designation |
Director ( Production
& Research ) |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Dipak Ranjan Datta |
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Designation |
Director ( Commercial ) |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Mohammad Rafiqul
Islam |
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Designation |
Director (Finance)
& Addl. Charge Dir. ( P & I ) |
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Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Manzoor
Ahmad Tarafdar |
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Designation |
Director ( Technical
& Engineering ) |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Bangladesh Chemical Industries Corporation |
|
Share Percent |
100% |
|
Country |
Bangladesh |
BUSINESS DETAILS
|
Line of Business |
Manufacturer
& Seller |
|
Items Dealing In |
Fertilizers |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
|
Production
Capacity |
4,70,000 MT per
year |
BANKERS
|
Name |
Sonali Bank
Limited |
|
Branch |
Local Principal
Office Branch |
|
Address |
Motijheel Commercial Area, Dhaka |
|
SWIFT |
BSONBDDHBWP |
|
|
|
|
Name |
Janata Bank
Limited |
|
Branch |
Dilkusha
Corporate Branch |
|
Address |
1, Dilkusha Commercial Area, Dhaka-1000 |
|
SWIFT |
JANBBDDHDCB |
|
|
|
|
Name |
Agrani Bank
Limited |
|
Branch |
Local Principal
Branch |
|
Address |
Motijheel Commercial Area, Dhaka-1000 |
|
SWIFT |
AGBKBDDH006 |
FINANCIAL INFORMATION
|
Year |
2010 |
2009 |
2008 |
|
Investment |
Tk.7 billion |
Tk.7 billion |
Tk.5 billion |
|
Turnover |
Tk.12.3 billion |
Tk.12 billion |
Tk.9.8 billion |
|
Liability |
Tk.1 billion |
Tk.1.1 billion |
Tk.1.6 billion |
|
Assets |
Tk.22 billion |
Tk.22 billion |
Tk.20 billion |
The information
provided is collected unofficially and as such its authenticity could not be
guaranteed. As per Local Corporate & Tax law, a public sector corporation
is not bound to disclose its financial information
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.5 billion |
|
Paid Up Capital |
Tk.500 million |
|
Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
121.6358 |
|
U.S Dollar |
1 |
76.3900 |
|
European Euro |
1 |
103.5237 |
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$ 60,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
1,200 |
|
Office Area (Sq.
Ft) |
4,500 sq.ft (own) |
|
Factory Area
(Sq. Ft) |
3 acres of land app. (own) |
|
Warehouse Area
(Sq. Ft) |
12,000 sq.ft.(own) |
|
Range of
Products |
4 Urea |
|
Certifications |
NIL |
|
Wholly Owned by |
4 Bangladesh Chemical Industries Corporation |
|
Subsidiaries /
Affiliates |
Enterprises: 4 Chittagong Urea Fertilizer Factory
Ltd. 4 Jamuna Fertilizer Company Ltd. 4 Ashuganj Fertilizer & Chemical
Co. Ltd. 4 Polash Urea Fertilizer Factory
Ltd. 4 Natural Gas Fertilizer Factory
Ltd. 4 Karnaphuli Paper Mills Ltd. 4 Khulna Hardboard Mills Ltd. 4 Chhatak Cement Co. Ltd. 4 Bangladesh Insulator &
Sanitary Ware Factory Ltd. 4 Usmania Glass Sheet Factory Ltd. 4 TSP Complex Ltd. 4 DAP Fertilizer Co. Ltd. Joint Ventures: 4
Karnaphuli Fertilizer Co., Ltd. (KAFCO) 4 Aventis
Ltd. 4 Bayer
Crop Science (Bangladesh) Ltd. 4
Noverties (Bangladesh) Ltd. 4
Syngenta Bangladesh Ltd. 4 Dhaka
Match Industries Co. Ltd. 4 Bukl
Management (BD) Ltd. 4 Miracle
Industries Ltd. 4 Magura
Paper Mills Ltd. |
|
Member |
4 Dhaka Chamber of Commerce & Industries, Dhaka 4 Bangladesh Fertilizer Manufacturers Association, Dhaka |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.78 |
|
|
1 |
Rs.80.10 |
|
Euro |
1 |
Rs.68.82 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.