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Report Date : |
26.12.2012 |
IDENTIFICATION DETAILS
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Name : |
IPORT LOGISTICS LIMITED |
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Registered Office : |
Ahmed Mansion (3rd Floor), 24 Shantinagar
(Chamelibagh), Dhaka-1217 |
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Country : |
Bangladesh |
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Date of Incorporation : |
20.11.2007 |
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Com. Reg. No.: |
C-69696 |
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Legal Form : |
Private Limited |
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Line of Business : |
Service Provider
of International Freight Forwarder
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No. of Employees : |
30 |
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RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 (31.03.2011) |
Current Rating (30.06.2012) |
|
Bangladesh |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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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.
Source : CIA
|
Name |
Iport Logistics
Limited |
|
Address |
Ahmed Mansion (3rd
Floor), 24 Shantinagar (Chamelibagh), Dhaka-1217 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-9352783-5,
9355948-9, 8315395 |
|
Fax No |
880-2-8356927 |
|
E-Mail |
info@iportlogistics.com |
|
Website |
www.iportlogisics.com |
|
Established |
2007 |
|
Company Registration No |
C-69696 |
|
Registration date |
20th November 2007 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The
Registrar of Joint Stock Companies & Firms, Dhaka |
|
Business Type |
Service provider
|
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
|
Head Office |
Ahmed
Mansion (3rd Floor), 24 Shantinagar (Chamelibagh), Dhaka-1217 |
|
Telephone No |
880-2-9352783-5,
9355948-9, 8315395 |
|
Fax No |
880-2-8356927 |
|
E-Mail |
info@iportlogistics.com |
|
Website |
www.iportlogisics.com |
|
Branch |
NIL |
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Factory |
N/A |
|
Factory Tel No |
N/A |
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Factory Fax No |
N/A |
|
Warehouse |
N/A |
|
Name |
Mr. M. Abdul
Muktadir |
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Designation |
Chairman &
Managing Director |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Zia
Chowdhury |
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Designation |
Director |
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Nationality |
Bangladeshi |
|
Name |
Mr. M. Abdul Muktadir |
|
Share Percent |
60% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Zia
Chowdhury |
|
Share Percent |
40% |
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Nationality |
Bangladeshi |
|
Line of Business |
Service Provider |
|
Items Dealing In |
International
Freight Forwarder |
|
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 |
IFIC Bank
Limited |
|
Branch |
Motijheel Branch |
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Address |
Motijheel Commercial Area, Dhaka |
|
SWIFT |
N/A |
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|
|
|
Name |
National Bank
Limited |
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Branch |
Local Office
Branch |
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Address |
Dhaka |
|
SWIFT |
N/A |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.26 million |
Tk.26 million |
Tk.24 million |
|
Turnover |
Tk.140.4 million |
Tk.140 million |
Tk.138 million |
|
Liability |
Tk.3.6 million |
Tk.4 million |
Tk.5 million |
|
Assets |
Tk.32 million |
Tk.32 million |
Tk.30 million |
|
Authorized Capital |
Tk.5 million |
|
Paid Up Capital |
Tk.250,000.00 |
|
Each Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
129.3762 |
|
U.S Dollar |
1 |
80.0100 |
|
European Euro |
1 |
105.4772 |
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Dishonored
Checks |
No Found |
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Debt |
No Found |
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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 |
|
Employees |
30 |
|
Office Area (Sq.
Ft) |
2,000 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
N/A |
|
Range of
Services |
4 Air Freight Service 4 Sea-Air Service 4 Ocean Freight Service 4 Supply Chain Service 4 Logistic Service 4 Warehouse Facilities 4 Customs Clearance |
|
Global
Network |
4 China 4 West America 4 East America 4 Gulf of Mexico 4 Caribbean Sea 4 Middle/South America 4 Euro/Med 4 Japan 4 Korea 4 Middle East and Red Sea 4 Southeast Asia 4 South Asia 4 Oceania 4 West Africa 4 East Africa 4 Russia/Far East |
|
Certification |
NIL |
|
Group Name |
4 Impress Group |
|
Subsidiaries /
Affiliates |
4 Impress Ltd. 4 R.R. Brothers Ltd. 4 Nexus International 4 Fashrobe Garments Ltd. 4 Allied Garments Ltd. 4 Impress Fashion Ltd. 4 Impress Wear Ltd. 4 Impress Telefilm Ltd. / Channel-I 4 Impress Audio Vision Ltd. 4 Maheen Label Tex Ltd. 4 M.R.S. Syndicate Ltd. 4 Incepta Pharmaceuticals Ltd. 4 Dhaka-Beijing Dyeing & Weaving Ind Ltd. 4 New Age Business Ltd |
|
Member |
4 Bangladesh Freight Forwarders
Association 4 Bangladesh German Chamber of
Commerce & Industry 4 Dhaka Chamber of Commerce &
Industries, Dhaka |
|
Business Scale |
Fairly Large |
|
Business Trend |
Growing |
|
Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.08 |
|
|
1 |
Rs.89.09 |
|
Euro |
1 |
Rs.72.62 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
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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 |
|
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 |
-- |
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.