MIRA INFORM REPORT

 

 

Report Date :           

31.10.2011

 

IDENTIFICATION DETAILS

 

Name :

ORION INFRASTRUCTURE LIMITED

 

 

Formerly Known As :

Belhasa Accom and Associates Limited

 

 

Registered Office :

Orion House, 153-154 Tejgaon I/A Dhaka-1208

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

21.06.2005

 

 

Com. Reg. No.:

C-57129

 

 

Legal Form :

Public Limited  Company

 

 

Line of Business :

Construction and Infrastructure Development

 

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$ 28,000.00

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 – September 30th, 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

Orion Infrastructure Limited

Note: Changed from Belhasa Accom and Associates Limited

Address

Orion House, 153-154 Tejgaon I/A Dhaka-1208

Country

Bangladesh

Telephone No

880-2- 8870133, 8870134

Fax No

880-2- 8870108

E-Mail

ashfaqul.alam@orion-group.net

Website

www.orion-group.net

Established

June 2005

Company Registration No

C-57129

Registration date

21st June 2005

Legal Status

Public Limited

Issuing Authority

The Registrar of Joint Stock Companies & Firms, Dhaka

Business Type

Construction 

Status

Satisfactory

Payment Behavior

No complaints have been heard regarding payments 

from local suppliers or banks.

 

 

LOCATIONS

 

Head Office

Orion House, 153-154 Tejgaon I/A Dhaka-1208, Bangladesh

Telephone No

880-2- 8870133, 8870134

Fax No

880-2- 8870108

E-Mail

ashfaqul.alam@orion-group.net

Website

www.orion-group.net

Branch 

NIL

Factory

N/A

Factory Telephone No

N/A

Factory Fax No

N/A

Warehouse

N/A

 

DIRECTORS

 

Name

Mr. Mohammad Obaidul Karim

Designation

Chairman

Nationality

Bangladeshi

 

 

Name

Mr. Salman Karim 

Designation

Managing Director

Nationality

Bangladeshi

 

 

Name

Mr. Mehedi Hassan 

Designation

Director

Nationality

Bangladeshi

 

 

BUSINESS DETAILS

 

Line of Business

Construction 

Items Dealing In

Infrastructure Development

Terms of Purchase

Local: Cash or Credit

Import: Against L/C

Terms of Sale

Local: Cash or Credit

 

 

BANKERS

 

Name

Agrani Bank Ltd

Branch

Motijheel Branch

Address

Motijheel C/A, Dhaka

SWIFT

N/A

 

 

Name

National Bank Ltd

Branch

Tejgaon Branch

Address

Tajgaon, Dhaka

SWIFT

N/A

 

 

Name

Shahjalal Islami Bank Ltd

Branch

Tejgaon Branch

Address

Tajgaon, Dhaka

SWIFT

N/A

 

 

Name

Brac Bank Ltd

Branch

Tejgaon Branch

Address

Tajgaon, Dhaka

SWIFT

N/A

 

 

FINANCIAL INFORMATION

 

Year

2010

2009

 

2008

Investment

Tk.56 million

Tk.55 million

Tk.55 million

Turnover

Tk.452 million

Tk.450.6 million

Tk.450 million

Liability

NIL

NIL

NIL

Assets

Tk.72 million

Tk.70 million

Tk.70 million

 

 

CAPITAL STRUCTURE

 

Authorized Capital

Tk.3 million

Paid Up Capital

Tk.250,000.00

Each Share Value

Tk.100.00

 

 

EXCHANGE RATE

 

Currency

Unit

Bangladeshi Taka (BDT)

 

Great Britain Pound

1

121.6428

U.S Dollar

1

76.1600

European Euro

1

105.8700

 


ADVERSE DATA MONITORING

 

Dishonored Checks

No Found

Debt

No Records Found

Litigation

Yes

Performance Defaults

No Records Found

Adverse Press Coverage

No Records Found

Money Laundering

No Records Found

 

 

MAXIMUM RECOMMENDED CREDIT

 

Amount

Based On

US$ 28,000.00

90 Days

 

 

GENERAL INFORMATION

 

Employees

455

Office Area (Sq. Ft)

2,000 sq.ft (rented)

Factory Area (Sq. Ft)

N/A

Warehouse Area (Sq. Ft)

N/A

Range of Services

4 Infrastructure Development

Project Name 

4 Mayor Mohammad Hanif Flyover (Jatrabari-Gulistan Flyover project in Dhaka)

Certifications

NIL

Group Name

4 Orion Group

Subsidiaries / Affiliates

4 Interior Accom Consortium Limited

4 Orion Gas Limited

4 Agrabad Accom Consortium Limited

4 Kohinoor Chemicals Company (Bangladesh) Limited

4 Orion Knit Textiles Limited

4 Orion Pharma Limited 

4 Orion Infusion Limited

4 IEL Consortium & Associates Limited

4 Dutch Bangla Power & Associates Limited

4 Orion Properties Limited

4 City Centre

Member

4 Dhaka Chamber of Commerce & Industries, Dhaka

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.82

UK Pound

1

Rs.78.57

Euro

1

Rs.69.29

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.