MIRA INFORM REPORT
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Report Date : |
09.04.2012 |
IDENTIFICATION DETAILS
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Name : |
RYK LUBE OIL INDUSTRIES LIMITED |
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Registered Office : |
27, Dilkusha Commercial Area, |
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Country : |
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Date of Incorporation : |
27.10.2010 |
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Com. Reg. No.: |
C-82537 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Importer, Manufacturer & Seller of Lubricants |
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No. of Employees
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230 |
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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
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Name |
RYK Lube Oil
Industries Limited |
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Address |
B5-6, A29 BSCIC,
Narsingdi |
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Country |
Bangladesh |
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Telephone No |
880-2-7170602,
9555903, 9562927 |
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Fax No |
880-2-9568646 |
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E-Mail |
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Website |
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Established |
2010 |
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Registration Number |
C-82537 |
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Registration Date |
27th October 2010 |
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Legal Status |
Private Limited |
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Business Type |
Importer, Manufacturer & Seller |
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Status |
Satisfactory |
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Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
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Head Office |
27, Dilkusha
Commercial Area, Baitul Hossain Building, 6th Floor, Dhaka-1000 |
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Telephone No |
880-2-7170602,
9555903, 9562927 |
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Fax No |
880-2-9568646 |
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E-Mail |
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Website |
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Branch |
House No.294 (1st Floor), Road No.19/B, New DOHS, Mohakhali,
Dhaka Tel No: 880-2-8751437 Fax No: 880-2-8751056 |
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Factory |
B5-6, A29 BSCIC,
Narsingdi |
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Plant Telephone No |
N/A |
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Plant Fax No |
N/A |
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Warehouse |
B5-6, A29 BSCIC,
Narsingdi |
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Name |
Mr. M. Atiqur Rahman |
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Designation |
Chairman |
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Nationality |
Bangladeshi |
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Name |
Mr. Kazi Yaminur Rashid
Turjo |
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Designation |
Managing Director |
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Nationality |
Bangladeshi |
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Name |
Mr. M. Atiqur Rahman |
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Share Percent |
50% |
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Nationality |
Bangladeshi |
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Name |
Mr. Kazi Yaminur Rashid
Turjo |
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Share Percent |
50% |
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Nationality |
Bangladeshi |
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Line of Business |
Importer, Manufacturer & Seller |
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Items Dealing In |
Lubricants |
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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 |
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Name |
Prime Bank Ltd |
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Branch |
Baridhara Branch |
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Address |
Baridhara, Dhaka |
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SWIFT |
N/A |
Note: The subject has
refused to reveal any financial information.
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Authorized
Capital |
Tk.40 million |
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Paid Up Capital |
Tk.5 million |
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Each Share Value |
Tk.100 |
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Currency |
Unit |
Bangladeshi Taka (BDT) |
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Great Britain Pound |
1 |
128.7708 |
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U.S Dollar |
1 |
81.7800 |
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European Euro |
1 |
107.5652 |
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Dishonored
Checks |
No Records 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 |
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Amount |
Based On |
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US$ 25,000.00 |
90 Days |
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Employees |
230 |
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Office Area (Sq.
Ft) |
2,500 sq.ft (rented) |
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Factory Area
(Sq. Ft) |
46,000 sq.ft (rented) |
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Warehouse Area
(Sq. Ft) |
10,000 sq.ft (leased) |
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Range of
Products |
4 Engine Oil 4 Hydraulic Oil 4 Gear Oil 4 Industrial Oil 4 Greases 4 Base Oil 4 All kind of Lubricating
Oil |
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Import From |
4 USA 4 Germany 4 India |
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Export Market |
N/A |
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Certifications |
NIL |
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Group Name |
4 Max Group |
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Subsidiaries /
Affiliates |
4 Max Automobile
Products Limited 4 Max Power
Limited 4 Max Prestress
Limited 4 AFA Steel
Industries Limited 4 Lub House
Industries Limited 4 Max Building
Technologies Limited 4 Max Industries
Limited 4 Oscar Trade
Syndicate |
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Member |
4 Dhaka Chamber
of Commerce & Industries, Dhaka |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.05 |
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UK Pound |
1 |
Rs.81.09 |
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Euro |
1 |
Rs.67.39 |
RATING EXPLANATIONS
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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.