MIRA
INFORM REPORT
|
Report Date : |
07.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
BRITISH MOTORS BANGLADESH LIMITED |
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|
|
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Registered Office : |
206/1-207/1 Gulshan Tejgaon Link Road, Dhaka-1208 |
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Country : |
Bangladesh |
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Date of Incorporation : |
2006 |
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Com. Reg. No.: |
C-63326 |
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Legal Form : |
Private Limited |
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Line of Business : |
Importer and seller of brand new vehicles. |
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No. of Employees : |
50 |
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 |
|
Maximum Credit Limit : |
US$ 30,000.00 |
|
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Bangladesh |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
COMPANY DETAILS
|
Name |
British Motors Bangladesh Limited |
|
Address |
206/1-207/1
Gulshan Tejgaon Link Road, Dhaka-1208 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-8860107 |
|
Fax No |
880-2-8860073 |
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E-Mail |
|
|
Website |
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Established |
2006 |
|
Company Registration No |
C-63326 |
|
Registration date |
25th
September 2006 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of Joint Stock of Companies & Firms, Dhaka. |
|
Business Type |
Importer & Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local suppliers or banks. |
LOCATIONS
|
Head Office |
206/1-207/1
Gulshan Tejgaon Link Road, Dhaka-1208 |
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Telephone No |
880-2-8860107 |
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Fax No |
880-2-8860073 |
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E-Mail |
|
|
Website |
www.guavauk.com |
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Branch |
NIL |
|
Factory |
N/A |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
206/1-207/1
Gulshan Tejgaon Link Road, Dhaka-1208 |
DIRECTORS
|
Name |
Mr. Saber
Hossain Chowdhury |
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Designation |
Chairman &
Managing Director |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Sadeque
Hossain Chowdhury |
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Designation |
Director |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Cavin Mark C |
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Designation |
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr. Saber
Hossain Chowdhury |
|
Designation |
60% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Sadeque
Hossain Chowdhury |
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Designation |
30% |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Importer &
Seller |
|
Items Dealing In |
Vehicles |
|
Terms of Purchase |
Import: Against L/C |
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Terms of Sale |
Local: Cash or Credit |
BANKERS
|
Name |
Standard
Chartered Bank |
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Branch |
Gulshan Branch |
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Address |
Gulshan, Dhaka |
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SWIFT |
N/A |
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|
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Name |
HSBC |
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Branch |
Gulshan Branch |
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Address |
Gulshan, Dhaka |
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SWIFT |
N/A |
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|
|
|
Name |
ABB Bank Limited |
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Branch |
Gulshan Branch |
Auditor
|
Name |
SS Ahmed & Co |
FINANCIAL INFORMATION
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.35 million |
Tk.32 million |
Tk.32 million |
|
Turnover |
Tk.258 million |
Tk.256.5 million |
Tk.256 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.48 million |
Tk.45 million |
Tk.45 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.30 million |
|
Paid Up Capital |
Tk.2 million |
|
Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
133.6865 |
|
U.S Dollar |
1 |
84.4300 |
|
European Euro |
1 |
111.1352 |
ADVERSE DATA MONITORING
|
Dishonored
Checks |
No Found |
|
Debt |
No Records Found |
|
Litigation |
No Records Found |
|
Performance
Defaults |
No Records Found |
|
Adverse Press
Coverage |
No Records Found |
|
Money Laundering |
No Records Found |
MAXIMUM RECOMMENDED CREDIT
|
Amount |
Based On |
|
US$ 30,000.00 |
90 days |
GENERAL INFORMATION
|
Employees |
50 |
|
Office Area (Sq.
Ft) |
2,400 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
10,800 sq.ft. (rented) |
|
Range of
Products |
4 Land Rover Car |
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Main Foreign
Principal |
4 Guava
Internationa, UK |
|
Certifications |
NIL |
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Group Name |
NIL |
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Subsidiaries /
Affiliates |
NIL |
|
Member |
4 Bangladesh Reconditioned Vehicles
Importers and Dealers Association, Dhaka 4 Dhaka Chamber of Commerce &
Industries, Dhaka |
Information parting
(General Details)
|
Name |
Mr. Hgayatul |
|
Designation |
Finance Manager |
|
Tel No: |
08802-8860107 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.67 |
|
|
1 |
Rs.76.75 |
|
Euro |
1 |
Rs.63.56 |
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 |
|
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.