MIRA
INFORM REPORT
|
Report Date : |
26.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
PLATINUM TOWER CO., LIMITED |
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Registered Office : |
House No.33, 243, Jamal Khan Lane (North of D C Hill), Chittagong-4000 |
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Country : |
Bangladesh |
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Date of Incorporation : |
14.03.2007 |
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Com. Reg. No.: |
CH-7231 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer & Seller of Fertilizers &
Scrap Metals |
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No. of Employees : |
12 Persons |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
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$ 25,000.00 |
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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 – 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 |
Platinum Tower
Co., Limited |
|
Address |
House No.33,
243, Jamal Khan Lane (North of D C Hill), Chittagong-4000 |
|
Country |
Bangladesh |
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Telephone No |
880-31-632089 |
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Fax No |
880-31-632088 |
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E-Mail |
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|
Website |
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Established |
2007 |
|
Company Registration No |
CH-7231 |
|
Registration date |
14th March 2007 |
|
Legal Status |
Private Limited |
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Issuing Authority |
The Register of Joint Stock Companies & Firms, Chittagong |
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Business Type |
Importer & Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
LOCATIONS
|
Head Office |
House No.33,
243, Jamal Khan Lane (North of D C Hill), Chittagong-4000 |
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Telephone No |
880-31-632089 |
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Fax No |
880-31-632088 |
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E-Mail |
|
|
Website |
880-31-632089 |
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Branch |
NIL |
|
Factory |
N/A |
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Factory Telephone No |
N/A |
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Factory Fax No |
N/A |
|
Warehouse |
House No.33,
243, Jamal Khan Lane (North of D C Hill), Chittagong-4000 |
DIRECTORS
|
Name |
Dr. Anil Das |
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Designation |
Chairman & Managing Director |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Sajib Das |
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Designation |
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Dr. Anil Das |
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Share Percent |
60% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Sajib Das |
|
Share Percent |
40% |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Importer & Seller |
|
Items Dealing In |
Fertilizers & Scrap Metals |
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Terms of Purchase |
Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
BANKERS
|
Name |
Southeast Bank Ltd |
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Branch |
Jamal Khan Road Branch |
|
Address |
Jamal Khan Road, Chittagong |
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SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2010 |
2009 |
2008 |
|
Investment |
Tk.12 million |
Tk.12 million |
Tk.10 million |
|
Turnover |
Tk.45.4 million |
Tk.45 million |
Tk.43 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.20 million |
Tk.20 million |
Tk.18 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.10 million |
|
Paid Up Capital |
Tk.150,000.00 |
|
Each Share Value |
Tk.100 |
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 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$ 25,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
12 |
|
Office Area (Sq.
Ft) |
1,500 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
6,500 sq.ft (rented) |
|
Range of
Products |
4 Fertilizers 4 Bitumen 4 Tin Ores 4 Manganese Ore 4 Chrome Ore 4 Ferrous Metal 4 Scrap Metal |
|
Import From |
4 India 4 China 4 Korea |
|
Certifications |
NIL |
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Group Name |
NIL |
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Subsidiaries /
Affiliates |
NIL |
|
Member |
4 Chittagong
Chamber of Commerce & Industries, Chittagong |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.17 |
|
UK Pound |
1 |
Rs.80.64 |
|
Euro |
1 |
Rs.69.43 |
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 |
|
-- |
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.