MIRA INFORM REPORT
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Report Date : |
07.09.2011 |
IDENTIFICATION DETAILS
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Name : |
DURABLE PLASTIC LIMITED |
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Registered Office : |
105/1, Ga, Middle Badda, Dhaka-1212 |
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Country : |
Bangladesh |
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Date of Incorporation : |
18.03.2008 |
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Com. Reg. No.: |
C-75196 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer & Seller of Plastic Products |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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) |
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Bangladesh |
b1 |
b1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
COMPANY DETAILS
|
Name |
Durable Plastic
Limited |
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Address |
Mulgaon,
Kaliganj, Gazipur |
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Country |
Bangladesh |
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Telephone No |
880-2-8835546, 8835547, 8835548, 8835549, 8835550 |
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Fax No |
880-2-8820256, 9890759 |
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E-Mail |
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Website |
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Established |
2008 |
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Company Registration No |
C-75196 |
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Registration date |
18th
March 2008 |
|
Legal Status |
Private
Limited |
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Issuing Authority |
The Registrar of Joint Stock Companies & Firms, Dhaka |
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Business Type |
Manufacturer & Seller |
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Status |
Satisfacory |
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Payment Behavior |
No complaints
have been heard regarding payments from local suppliers or banks. |
LOCATIONS
|
Head Office |
105/1, Ga,
Middle Badda, Dhaka-1212, Bangladesh |
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Telephone No |
880-2-8835546, 8835547, 8835548, 8835549, 8835550 |
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Fax No |
880-2-8820256, 9890759 |
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E-Mail |
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Website |
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Branch |
NIL |
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Factory |
Mulgaon,
Kaliganj, Gazipur |
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Factory Telephone No |
NIL |
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Factory Fax No |
NIL |
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Warehouse |
Mulgaon,
Kaliganj, Gazipur |
DIRECTORS
|
Name |
Lt. Col. (Retd)
Mahtabuddin Ahmed |
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Designation |
Chairman |
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Nationality |
Bangladeshi |
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Name |
Mr. Ahsan Khan
Chowdhury |
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Designation |
Managing Director |
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Nationality |
Bangladeshi |
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Name |
Maj. Gen. (Retd)
Amjad Khan Chowdhury |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mrs. Sabiha
Amjad |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Sheban Kumar Naha |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Rathendra Nath Paul |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Choudhury Atiur Rasul |
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Designation |
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Lt. Col. (Retd)
Mahtabuddin Ahmed |
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Share Percentage |
20% |
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Nationality |
Bangladeshi |
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Name |
Mr. Ahsan Khan
Chowdhury |
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Share Percentage |
30% |
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Nationality |
Bangladeshi |
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Name |
Maj. Gen. (Retd)
Amjad Khan Chowdhury |
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Share Percentage |
10% |
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Nationality |
Bangladeshi |
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Name |
Mrs. Sabiha
Amjad |
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Share Percentage |
10% |
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Nationality |
Bangladeshi |
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Name |
Mr. Sheban Kumar Naha |
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Share Percentage |
10% |
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Nationality |
Bangladeshi |
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Name |
Mr. Rathendra Nath Paul |
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Share Percentage |
10% |
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Nationality |
Bangladeshi |
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|
Name |
Mr. Choudhury Atiur Rasul |
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Share Percentage |
10% |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturer & Seller |
|
Items Dealing In |
Plastic
Products |
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Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
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Terms of Sale |
Local: Cash or Credit |
BANKERS
|
Name |
City Bank
Limited |
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Branch |
Motijheel Branch |
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Address |
Motijheel Commercial Area, Dhaka |
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SWIFT |
N/A |
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Name |
Bank Asia
Limited |
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Branch |
Scotia Branch |
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Address |
Kawran Bazar, Dhaka |
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SWIFT |
N/A |
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Name |
HSBC |
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Branch |
Main Office
Branch |
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Address |
Sonargaon Road, Dhaka |
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SWIFT |
N/A |
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Name |
Standard
Chartered Bank |
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Branch |
Gulshan Branch |
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Address |
Gulshan Avenue, Dhaka |
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SWIFT |
N/A |
FINANCIAL INFORMATION
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|
2010 |
2009 |
2008 |
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Capital Investment |
Tk.32 million |
Tk.30 million |
Tk.30 million |
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Turnover |
Tk.292 million |
Tk.290 million |
One year not completed |
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Liability |
Tk.7.5 million |
Tk.8.2 million |
Tk.9 million |
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Fixed Assets |
Tk.42 million |
Tk.40 million |
Tk.40 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.20 million |
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Paid Up Capital |
Tk.250,000.00 |
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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 |
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European Euro |
1 |
118.3119 |
ADVERSE DATA MONITORING
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Dishonored
Checks |
No Found |
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Debt |
No Records Found |
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Litigation |
No Records Found |
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Performance
Defaults |
No Records Found |
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Adverse Press
Coverage |
No Records Found |
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Money Laundering |
No Records Found |
MAXIMUM RECOMMENDED CREDIT
|
Amount |
Based On |
|
US$ 25,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
300 |
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Office Area (Sq.
Ft) |
2,200 sq.ft (own) |
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Factory Area
(Sq. Ft) |
65,000 sq.ft (own) |
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Warehouse Area
(Sq. Ft) |
5,500 sq.ft.(own) |
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Range of
Products |
4 Bottle Porducts
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Major
Clients |
4 Local Consumers |
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Certification |
NIL |
|
Group Name |
4
Pran-RFL Group |
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Subsidiaries /
Affiliates |
4
Agriculture Marketing Co. Ltd 4 RFL
Plastic Limited 4 Rangpur
Foundry Limited 4 Banga
Trading House Limited 4 Pran
Foods Limited 4 Bangladesh
Lift Industries Limited 4 Pran
Agro Business Limited 4 Pran
Dairy Limited 4 Pran
Beverage Limited 4 Banga
Plastic International Limited 4 Natore
Dairy Limited 4
Accessories World Limited 4 Chorka
Textile Limited 4 Sun
Basics Chemicals Limited 4 Ghorashal
Filling Station Limited 4
Allplast Bangladesh Limited 4 Pran
Agro Limited 4 Banga
Agro Processing Limited 4 Pran
Confectionery Limited 4 Pran
Export limited 4
Mymensing Agro Limited 4 Rangpur Metal Industries Limited 4 Career
Builders Limited 4 Packmat
Industries Limited 4 Banga
Building Materials Limited 4 RFL Metal Industries Limited |
|
Member |
4 Dhaka Chamber
of Commerce & Industry, Dhaka |
COMMENTS
The subject is a private limited company who is engaged in
manufacturing and marketing of plastic products such as bottles.
The subject is a concern of Pran-RFL Group, a renowned business house of
Bangladesh.
The directors are well conversant in their line of trade and
they are also experienced businessman. They are financially solvent and good at
his business commitments, it is reported.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.13 |
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UK Pound |
1 |
Rs.74.18 |
|
Euro |
1 |
Rs.64.88 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.