MIRA INFORM REPORT
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Report Date : |
09.02.2012 |
IDENTIFICATION DETAILS
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Name : |
SURMA TEA ESTATES LIMITED |
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Registered Office : |
12, Mohakhali C/A, Dhaka-1212 |
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Country : |
Bangladesh |
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Date of Incorporation : |
05.08.1994 |
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Com. Reg. No.: |
C-38460 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Producer of Agro Products |
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No. of Employees
: |
560 |
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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Maximum Credit Limit : |
US$ 60,000.00 |
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Status : |
Good |
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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 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Bangladesh |
b1 |
b1 |
|
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 |
COMPANY DETAILS
|
Name |
Surma Tea
Estates Ltd |
|
Address |
12, Mohakhali
C/A, Dhaka-1212 |
|
Country |
Bangladesh |
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Telephone No |
880-2-9559071 |
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Fax No |
880-2-9559071 |
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E-Mail |
|
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Website |
NIL |
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Established |
1894 |
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Company Registration No |
C-38460 |
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Registration date |
5th August 1994 |
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Legal Status |
Private Limited |
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Issuing Authority |
The Registrar of joint Stock Companies & Firms, Dhaka |
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Business Type |
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. |
LOCATIONS
|
Head Office |
12, Mohakhali C/A,
Dhaka-1212 |
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Telephone No |
880-2-9559071 |
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Fax No |
880-2-9559071 |
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E-Mail |
|
|
Website |
NIL |
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Branch |
NIL |
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Factory & Plantation |
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Factory Telephone No |
N/A |
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Factory Fax No |
N/A |
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Warehouse |
DIRECTORS
|
Name |
Mr. Abid M. Khan |
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Designation |
Chairman & Managing Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Asaad Moyeen |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Moyeen Khan |
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Designation |
Director |
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Nationality |
Bangladeshi |
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|
Name |
Mr. Iqtidar Ali Khan |
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Designation |
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr. Abid M. Khan |
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Share Percent |
25% |
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Nationality |
Bangladeshi |
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|
|
Name |
Mr. Asaad Moyeen |
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Share Percent |
25% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Moyeen
Khan |
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Share Percent |
25% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Iqtidar
Ali Khan |
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Share Percent |
25% |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Producer |
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Items Dealing In |
Agro Products |
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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 |
BANKERS
|
Name |
Standard
Chartered Bank |
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Branch |
Gulshan Branch, |
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Address |
Gulshan Avenue, Dhaka |
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SWIFT |
N/A |
FINANCIAL INFORMATION
The company refused to reveal any financial information. As per local Corporate & Tax law a Pvt Ltd Company is not bound to disclose its financial information.
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.50 million |
|
Paid Up Capital |
Tk.5 million |
|
Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
133.0916 |
|
U.S Dollar |
1 |
84.1500 |
|
European Euro |
1 |
111.5661 |
ADVERSE DATA MONITORING
|
Dishonored
Checks |
No 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 |
MAXIMUM RECOMMENDED CREDIT
|
Amount |
Based On |
|
US$ 60,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
560 |
|
Office Area (Sq.
Ft) |
2,000 sq.ft (own) |
|
Factory Area
(Sq. Ft) |
4,700 acres (own) |
|
Warehouse Area
(Sq. Ft) |
7,000 sq.ft.(own) |
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Range of
Products |
4 Tea 4 Rubber 4 Pineapples |
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Brand Name |
NIL |
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Certifications |
NIL |
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Group Name |
NIL |
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Subsidiaries /
Affiliates |
NIL |
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Member |
4 Dhaka Chamber of Commerce &
Industries, Dhaka 4Bangladesh Tea Traders &
Exporters Association, Dhaka |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.07 |
|
UK Pound |
1 |
Rs.78.09 |
|
Euro |
1 |
Rs.65.15 |
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 |
|
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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.