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Report Date : |
27.12.2012 |
IDENTIFICATION DETAILS
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Name : |
BBS CABLES LIMITED |
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Registered Office : |
House No.26, Road No.3, Block-I, Banani, Dhaka-1213 |
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Country : |
Bangladesh |
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Year of Establishment : |
2009 |
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Com. Reg. No.: |
C-76109 |
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Legal Form : |
Private Limited |
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Line of Business : |
Manufacturer of Cables
& Wires |
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No. of Employees : |
350 |
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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 |
|
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 |
|
Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
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 |
BBS Cables Limited |
|
Address |
House No.26,
Road No.3, Block-I, Banani, Dhaka-1213 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-9872083,
9872183 |
|
Fax No |
880-2-9871630 |
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E-Mail |
|
|
Website |
www.bbscables.com.bd |
|
Established |
2009 |
|
Company Registration No |
C-76109 |
|
Registration date |
12th January |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of
Joint Stock Companies & Firms, Dhaka |
|
Business Type |
Manufacturer |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have
been heard regarding payments from local suppliers or banks. |
|
Head Office |
House No.26,
Road No.3, Block-I, Banani, Dhaka-1213 |
|
Telephone No |
880-2-9872083,
9872183 |
|
Fax No |
880-2-9871630 |
|
E-Mail |
|
|
Website |
www.bbscables.com.bd |
|
Branch |
Nawabpur Sales Centre 144/2/A, Hamidunnessa Electric Market Nawabpur Rroad, Dhaka 1000 Contact No.: 01730739249 Email: nawsc@bbscables.com.bd Kaptanbazar Sales Centre Shop No. 102,103, Kaptanbazar Complex Bhaban-01, Sutrapur, Dhaka 1000 Contact No.: 01730739247 Email: kapsc@bbscables.com.bd Chittagong Office Room # 11, Kader Tower (5th Floor) 128, Jubilee road, Chittagong Contact No.: 01730739264 Email: ctgo@bbscables.com.bd Chittagong Sales Centre 7/A, Musafirkhana Shopping Complex J.C. Guha Road, Nandan Kanon, Chittagong Contact No.: 01730739264 Email: ctgsc@bbscables.com.bd Sylhet Office & Sales Centre 201, Farid Plaza (1st Floor) Jallerpar, West Jindabazar, Sylhet Contact No.: 01730097866 Email: sylsc@bbscables.com.bd Bogra Sales Centre Abdul Jabbar Road Jaleswaritala, Bogra Contact No.: 01730739259 Email: bogsc@bbscables.com.bd Uttara Sales Centre 28-29, Cosmo Shopping Complex Sector # 7, Uttara, Dhaka 1230 Contact No.: 01730739253 Email: uttsc@bbscables.com.bd |
|
Factory |
Jaina Bazar,
Telehate, Sreepur, Gazipur |
|
Factory Telephone No |
01730-097863 |
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Factory Fax No |
NIL |
|
Warehouse |
Jaina Bazar,
Telehate, Sreepur, Gazipur |
|
Name |
Engr.
Abu Noman Howladar |
|
Designation |
Chairman & Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Engr. Mohammad
Badrul Hassan |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Engr. Hasan
Morshed Chowdhury |
|
Designation |
Director |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Engr. Mohammad
Ruhul Mazid |
|
Designation |
Director |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Engr. Ashraf Ali
Kahn |
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Designation |
Director |
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Nationality |
Bangladeshi |
|
Name |
Engr.
Abu Noman Howladar |
|
Share Percent |
20% |
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Nationality |
Bangladeshi |
|
|
|
|
Name |
Engr. Mohammad
Badrul Hassan |
|
Share Percent |
20% |
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Nationality |
Bangladeshi |
|
|
|
|
Name |
Engr. Hasan
Morshed Chowdhury |
|
Share Percent |
20% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Engr. Mohammad
Ruhul Mazid |
|
Share Percent |
20% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Engr. Ashraf Ali
Kahn |
|
Share Percent |
20% |
|
Nationality |
Bangladeshi |
|
Line of Business |
Manufacturer |
|
Items Dealing In |
Cables &
Wires |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
|
Name |
Eastern Bank Ltd |
|
Branch |
Gulshan Branch |
|
Address |
Concord
Richmond, 68 Gulshan Avenue, Plot 8A Block, CES (F) Gulshan 1, Dhaka |
|
SWIFT |
EBLDBDDH011 |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.40 million |
Tk.40 million |
N/A |
|
Turnover |
Tk.375.6 million |
Tk.375 million |
N/A |
|
Liability |
Tk.14.5 million |
Tk.15 million |
N/A |
|
Assets |
Tk.52 million |
Tk.52 million |
N/A |
|
Authorized
Capital |
Tk.50 million |
|
Paid Up Capital |
Tk.5 million |
|
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 |
|
Debt |
No Found |
|
Litigation |
No Records Found |
|
Performance
Defaults |
No Records Found |
|
Adverse Press
Coverage |
No Records Found |
|
Money Laundering |
No Records Found |
|
Employees |
350 |
|
Office Area (Sq.
Ft) |
2,300 (rented) |
|
Factory Area
(Sq. Ft) |
91,172 (own) |
|
Warehouse Area
(Sq. Ft) |
10,000 (own) |
|
Range of
Products |
4 PVC Insulated/Skin Coated Copper/Aluminium House Wiring/Domestic Cables 4 PVC/XLPE Insulated, PVC Sheathed Power and Control
Cables with or without Armour 4 XLPE Insulated, PVC Sheathed Power Cables up to 33
kV 4 Various Types of FR, FRLS, LSHF Cables 4 Various Types of PE insulated Telecommunication
Cables, Co- axial Cables, Drop Wires 4 Copper Wire
Braided, Al-Mylar Tape Shielded, Pair Shielded and Overall Shielded Cables 4 Pre-Assembled Insulated Aluminium Cables with ACSR
messenger wire 4 Bare Aluminium & Copper Conductors and Wires
with or
without Annealing 4 Insulated or Bare Aluminium Stranded Conductors
(AAC) 4 Aluminium Conductor Steel Re-Inforced (ACSR) 4 All Aluminium Alloy Conductors (AAAC) 4 Customized Cables, Wires and Conductors as per Customer Requirements |
|
Raw Materials
From |
4 China 4 Singapore 4 Korea 4 India 4 USA 4 UK 4 Germany |
|
Certifications |
NIL |
|
Group Name |
NIL |
|
Subsidiaries /
Affiliates |
4 Bangladesh Building Systems Limited 4 Prithvi
Engineers Limited 4 Xiamen
Reflective Insulations Limited 4 BBS Developers
Limited |
|
Member |
4 Dhaka Chamber
of Commerce & Industry, Dhaka |
|
Business Scale |
Fairly Large |
|
Business Trend |
Growing |
|
Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.96 |
|
|
1 |
Rs.88.68 |
|
Euro |
1 |
Rs.72.45 |
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 |
|
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 |
|
<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.