MIRA INFORM REPORT
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Report Date : |
03.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
NASIR TOBACCO INDUSTRIES LIMITED |
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Registered Office : |
85, Suhrawardy Avenue, Baridhara, Dhaka-1212 |
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Country : |
Bangladesh |
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Date of Incorporation : |
02.11.1997 |
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Com. Reg. No.: |
C-34187 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer & Seller of Cigarette |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
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$ 25,000.00 |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Bangladesh |
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
COMPANY DETAILS
|
Name |
Nasir Tobacco
Industries Limited |
|
Registered Address |
85, Suhrawardy
Avenue, Baridhara, Dhaka-1212 Note:
The subject operates from this address. |
|
Country |
Bangladesh |
|
Telephone No |
880-2-8820279,
8832689-91 |
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Fax No |
880-2-9860510 |
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E-Mail |
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|
Website |
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Established |
1997 |
|
Registration No |
C-34187 |
|
Registration Date |
2nd November 1997 |
|
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 |
85, Suhrawardy
Avenue, Baridhara, Dhaka-1212 |
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Telephone No |
880-2-8820279,
8832689-91 |
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Fax No |
880-2-9860510 |
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E-Mail |
|
|
Website |
|
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Branch |
NIL |
|
Factory |
Allar Dorga,
Daulatpur, Kushtia |
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Factory Telephone No |
NIL |
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Factory Fax No |
NIL |
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Warehouse |
Allar Dorga,
Daulatpur, Kushtia |
DIRECTOR
|
Name |
Mr. Nasir Uddin Biswas |
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Designation |
Chairman &
Managing Director |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Nasim Uddin Biswas |
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Designation |
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr. Nasir Uddin Biswas |
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Share Percentage |
60% |
|
Country |
Bangladeshi |
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|
|
|
Name |
Mr. Nasim Uddin Biswas |
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Share Percentage |
40% |
|
Country |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturer
& Seller |
|
Items Dealing In |
Cigarette |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
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Production
Capacity |
3,412.19 million
of stick per year |
|
Last year
Production |
3,412.19 million
of stick |
FINANCIAL INFORMATION
|
Year |
2010 |
2009 |
2008 |
|
Investment |
Tk.25 million |
Tk.22 million |
Tk.22 million |
|
Turnover |
Tk. 238 million |
Tk.236.6 million |
Tk.236 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
US$ 40 million |
Tk.38 million |
Tk.38 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 |
122.7395 |
|
U.S Dollar |
1 |
74.7500 |
|
European Euro |
1 |
107.5354 |
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$ 25,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
2,000 |
|
Office Area (Sq.
Ft) |
2,200 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
50,000 sq.ft (rented) |
|
Warehouse Area
(Sq. Ft) |
10,000 sq.ft (rented) |
|
Range of
Products |
4 Cigarette |
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Brand Name |
4 Nasir Gold 4 Asia 4 Top Ten |
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Export Market |
N/A |
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Certifications |
NIL |
|
Group Name |
4 Nasir Group |
|
Subsidiaries /
Affiliates |
4 Nasir Glass
Industries Limited 4 Nasir Biri
Industries Limited 4 Nasir Leaf
Tobacco Industries Limited 4 Bangladesh
Melamine Industries Limited 4 Nasir
Glassware & Tube Industries Limited 4 Nasir
Printing & Packaging Industries Limited 4 Bangladesh Footwear
Industries Limited 4 Nasir Energy
Savinv Lamp Industries Ltd |
|
Member |
4 Dhaka Chamber
of Commerce & Industries, Dhaka |
COMMENTS
The subject is a
private limited company that is engaged in manufacturing and selling of
Cigarette in local market. The subject is one of the country’s leading tobacco
producers for low category targeted market. The subject is a concern of Nasir
Group.
The directors are very experienced people in this line of trade. They
are reported to be fair in their trade terms and well reputed in the trading
circle.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.23 |
|
UK Pound |
1 |
Rs.72.09 |
|
Euro |
1 |
Rs.62.99 |
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.