MIRA INFORM REPORT
|
Report Date : |
07.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
CROWN POLYMER BAGGING LIMITED |
|
|
|
|
Registered Office : |
Sena Kalyan Bhaban, (19th Floor ), Suite #
1901-1902, 195, Motijheel C/A, Dhaka- 1000 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
17.03.2007 |
|
|
|
|
Com. Reg. No.: |
C-64760 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
manufacturing of polymer bags |
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$ 25,000.00 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment
Behaviour : |
Usually Correct |
|
|
|
|
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
COMPANY DETAILS
|
Name |
Crown Polymer
Bagging Limited |
|
Address |
Sena
Kalyan Bhaban, (19th Floor ), Suite # 1901-1902, 195, Motijheel C/A, Dhaka-
1000 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-9569437,9564885,
9553022 |
|
Fax No |
880-2-9570392 |
|
E-Mail |
|
|
Website |
|
|
Established |
2007 |
|
Registration No |
C-64760 |
|
Registration Date |
17th March 2007 |
|
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 |
Sena
Kalyan Bhaban, (19th Floor ), Suite # 1901-1902, 195, Motijheel C/A, Dhaka-
1000 |
|
Telephone No |
880-2-9569437,9564885,
9553022 |
|
Fax No |
880-2-9570392 |
|
E-Mail |
|
|
Website |
|
|
Branch |
NIL |
|
Factory |
West
Mukterpur, Munshigonj |
|
Factory Telephone No |
880-2-7618077 |
|
Factory Fax No |
880-2-7618070,
011-861425 |
|
Warehouse |
West
Mukterpur, Munshigonj |
DIRECTORS
|
Name |
Mr. Mohammed
Jahangir Alam |
|
Designation |
Chairman |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Al-haj Md. Khabiruddin Molla |
|
Designation |
Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Mohammad Alamgir
Kabir |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Molla
Mohammed Maznu |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Mohammad
Mizanur Rahman Molla |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Mohammad
Almas Shimul |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
SHAREHOLDER
|
Name |
Mr. Mohammad
Jahangir Alam |
|
Share Percent |
30% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Al-Haj
Khabiruddin Molla |
|
Share Percent |
30% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Mohammad Alamgir
Kabir |
|
Share Percent |
10% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Molla
Mohammed Maznu |
|
Share Percent |
10% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Mohammed
Mizanur Rahman Molla |
|
Share Percent |
10% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Mohammed
Almas Shimul |
|
Share Percent |
10% |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturer & Seller |
|
Items Dealing In |
Polymer Bags |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
FINANCIAL INFORMATION
|
Year |
2010 |
2009 |
2008 |
|
Investment |
Tk.27 million |
Tk.25 million |
Tk.25 million |
|
Turnover |
Tk.242 million |
Tk.241.3 million |
Tk.241 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.38 million |
Tk.35 million |
Tk.35 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.20 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 |
118.3119 |
|
U.S Dollar |
1 |
74.2000 |
|
European Euro |
1 |
118.3119 |
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 |
220 |
|
Range of
Products |
4 Polymer Bags |
|
Brands |
4 Crown |
|
Certifications |
NIL |
|
Group Name |
NIL |
|
Subsidiaries /
Affiliates |
4 Crown Power
Generation Limited 4 M.I. Cement
Factory Limited 4 Jahangir and
others Ltd. 4 Crown Mariners
Ltd. 4 M.M. Salt
Industries Limited 4 Molla Salt
(triple refined) Industries Ltd 4 Mollah Brothers
|
|
Member |
4 Dhaka Chamber
of Commerce & Industries, Dhaka |
COMMENTS
The subject is a
private Limited Company that is engaged in manufacturing of polymer bags. The
subject is a associate company of M.I. Cement Factory Limited.
The directors are all 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.46.13 |
|
UK Pound |
1 |
Rs.74.18 |
|
Euro |
1 |
Rs.64.88 |
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.