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Report Date : |
07.12.2012 |
IDENTIFICATION DETAILS
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Name : |
DRH. LOGISTICS ( |
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Registered Office : |
Rahman Vila, House #19, Road # 12, Sector # 1, |
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Country : |
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Date of Incorporation : |
16.11.2002 |
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Com. Reg. No.: |
C-38801 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
International Freight Forwarder Service Provider |
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No. of Employees : |
30 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Bangladesh |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
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Off-credit |
D |
Bangladesh - ECONOMIC OVERVIEW
The economy has grown 5-6% per year since 1996 despite political instability, poor infrastructure, corruption, insufficient power supplies, and slow implementation of economic reforms. Bangladesh remains a poor, overpopulated, and inefficiently-governed nation. Although more than half of GDP is generated through the service sector, 45% of Bangladeshis are employed in the agriculture sector with rice as the single-most-important product. Bangladesh's growth was resilient during the 2008-09 global financial crisis and recession. Garment exports, totaling $12.3 billion in FY09 and remittances from overseas Bangladeshis, totaling $11 billion in FY10, accounted for almost 12% of GDP.
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Source : CIA |
|
Name |
DRH. Logistics (Bangladesh) Limited Note: The subject registered by this name |
|
Address |
Bashati Horizon,(2nd Floor)
(B2), House No.21, Road No.17, Banani, Dhaka |
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Country |
Bangladesh |
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Telephone No |
880-2-9892050,
9893154-5 |
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Fax No |
880-2-9884283 |
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E-Mail |
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|
Website |
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Established |
2002 |
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Company Registration No |
C-38801 |
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Registration date |
16th November 2002 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of joint Stock Companies & Firms, Chittagong |
|
Business Type |
Service
provider |
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Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
|
Head Office |
Rahman Vila, House #19, Road # 12, Sector # 1, Uttara Model Town,
Dhaka |
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Telephone No |
880-2-9892050,
9893154-5 |
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Fax No |
880-2-9884283 |
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E-Mail |
|
|
Website |
|
|
Branch |
Bashati Horizon,(2nd Floor)
(B2), House No.21, Road No.17, Banani, Dhaka Chittagong 413/B, Azim court, (1st Floor) Agrabad C/A, Chittagong Tel: (+88) 031 2521356 E mail: chittagong@drhbangladesh.com |
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Factory |
N/A |
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Factory Telephone No |
N/A |
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Factory Fax No |
N/A |
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Warehouse |
N/A |
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Name |
Mr. Diren R.
Hallock |
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Designation |
Chairman & Managing Director |
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Nationality |
Sri Lankan |
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|
Name |
Mr. Rezaul Karim |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
DRH Logistics International |
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Share Percent |
100% |
|
Country |
Sri Lanka |
|
Line of Business |
Service Provider
|
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Items Dealing In |
International
Freight Forwarder |
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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 Export: Against L/C |
|
Name |
Commercial Bank
of Ceylon |
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Branch |
Banani Branch |
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Address |
Banani, Dhaka |
|
SWIFT |
N/A |
Note: The subject has flatly refused to reveal any financial information. As per Local Corporate & Tax law, a Private Limited Company is not bound to disclose its financial information
|
Authorized
Capital |
Tk.10 million |
|
Paid Up Capital |
Tk.2 million |
|
Each Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
130.9009 |
|
U.S Dollar |
1 |
81.3150 |
|
European Euro |
1 |
106.4820 |
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Dishonored
Checks |
No Found |
|
Debt |
No Found |
|
Litigation |
No Records Found |
|
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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Employees |
30 |
|
Office Area (Sq.
Ft) |
2,000 sq.ft (leased) |
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Yard Area (Sq.
Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
N/A |
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Range of
Services |
4 Air and Ocean Freight Forwarding covering Exports & Imports |
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Export
Market |
N/A |
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Certification |
NIL |
|
Holding Company |
4 DRH Logistics International |
|
Subsidiaries /
Affiliates |
4 DRHL
(BD) Limited |
|
Member |
4 Dhaka Chamber
of Commerce & Industries, Dhaka 4 Bangladesh Freight
Forwarders Association |
|
Business Scale |
Medium |
|
Business Trend |
Growing |
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Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.47 |
|
UK Pound |
1 |
Rs.87.63 |
|
Euro |
1 |
Rs.71.12 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
|
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.