|
Report Date : |
10.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
MONNO CERAMIC INDUSTRIES LIMITED |
|
|
|
|
Registered Office : |
Islampur, Dhamrai,
Dhaka-1350 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.06.2011 |
|
|
|
|
Date of Incorporation : |
21.04.1985 |
|
|
|
|
Com. Reg. No.: |
C-8937 |
|
|
|
|
Legal Form : |
Public Limited |
|
|
|
|
Line of Business : |
Manufacturing of Porcelain Tableware |
|
|
|
|
No. of Employees : |
6000 |
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 |
|
Payment Behaviour : |
No complaints |
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Bangladesh |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Name |
Monno Ceramic Industries Limited |
|
Address |
Islampur, Dhamrai, Dhaka-1350 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-7791347-50 |
|
Fax No |
880-2-7708800 |
|
E-Mail |
mail@monnoceramic.net |
|
Website |
www.monno.com |
|
Established |
1985 |
|
Company Registration No |
C-8937 |
|
Registration date |
21st
April 1985 |
|
Legal Status |
Public Limited |
|
Issuing Authority |
The Registrar of
Joint Stock Companies & Firms, Dhaka |
|
Business Type |
Manufacturer, Seller & Exporter |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local suppliers
or banks. |
LOCATIONS
|
|
Head Office |
Islampur, Dhamrai, Dhaka-1350 |
|
Telephone No |
88-02-779 1347-50 |
|
Fax No |
88-02-770 8800 |
|
E-Mail |
mail@monnoceramic.net |
|
Website |
www.monno.com |
|
Branch |
London Office: Monno UK Monno Europe 10, Grand
Parade, Forty Avenue, Wembly, Middlesex HA9 9JS,
England, U.K. Tel: +44-20-8908
5353 Fax: +44-20-8908
3005 Email:
info@monnouk.com Canada MONNO CANADA
Inc. 2918 Danforth
Avenue Toronto, ON
M4C-1M1 Canada Mr. Iqbal Hossen T: +1 647 347
7947, 416 878 7947 F: +1 647 547
9918 Email: monnocanada@gmail.com France ETS Cressy 19, rue du Colonel Moll 75017 Paris France Mr. Gerard
Cressy T: +33 (0)1 45
74 85 04 F: +33 (0)1 45
74 35 70 gerard.cressy@wanadoo.fr skype:
gerardcressy Greece Trading Agency 34A Pendelis
Str. 153 43 Ag.
Paraskevi Athens Greece Mr. George
Lestos T/F: +30 210
6017167/8 glestos@otenet.gr skype:
george.lestos Germany Internationaler
Handels Service GmbH Postfach 1211 Nikolaus Unruh
Strasse 8 95659 Arzberg Germany Mr. Roland
Werner T: +49 (0)9233 713271 F: +49 (0)0233 713272 info@ihs.procomp.de Italy International
Service Company S.r.l. 61, Viale Edison Sesto S.
Giovanni Milano 20099 Italy Mr. Paolo
Marelli T: +39 02 24882720 F: +39 02 26227241 Skype: sabrinacolella USA Aspen International Trading 24 Mark Mead
Road Cross River NY 10518 USA Mr. Mark Coles T: +1 914 763 4636 F: +1 914 714
4627 mark@aspenint.com Ten Strawberry
Street 3837 Monaco
Parkway Denver, Colorado 80207 USA Mr. Zachary
Zucker T: +1 303 320
5525 Toll Free: 800
428 9397 F: +1 303 320
5610 zacharyZ@tenstrawberrystreet.com www.tenstrawberrystreet.com Euro Ceramica 417 Main Street Boonton NJ 07005 Mr. Nicolas M.
Marjieh T: +1 973 394 9300 F: +1 973 394 9200 nicolasm@euroceramicainc.com skype: nicolasm1012 http://www.euroceramicainc.com
Euro Ceramica
Showroom 7W. 34th St.,
Suite 714 NYC, NY 10010 T: +1 212 947
3836 F: +1 212 947
3813 |
|
Factory |
Islampur, Dhamrai, Dhaka-1350 |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
Islampur, Dhamrai, Dhaka-1350 |
DIRECTORS
|
|
Name |
Mr. Harunur
Rashid Khan Monno |
|
Designation |
Chairman |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mrs. Afroza Khan
|
|
Designation |
Managing
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mrs. Harun Nahar
Rashid |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Moynul Islam
|
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Rashidul
Hasan |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
SHAREHOLDERS
|
|
Name |
Mr. Harunur
Rashid Khan Monno |
|
Share Percent |
30% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mrs. Afroza Khan
|
|
Share Percent |
40% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mrs. Harun Nahar
Rashid |
|
Share Percent |
10% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Moynul Islam
|
|
Share Percent |
10% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Rashidul
Hasan |
|
Share Percent |
10% |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
|
Line of Business |
Manufacturing, Selling & Exporting
|
|
Items Dealing In |
Porcelain Tableware |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit Export: Against L/C |
BANKERS
|
|
Name |
Sonali Bank
Limited |
|
Branch |
Head Office
Branch |
|
Address |
Motijheel C/A, Dhaka-1000 |
|
SWIFT |
N/A |
FINANCIAL INFORMATION
|
Balance Sheet
As At 3o June 2011
Currency: Taka (In
Million)
|
Assets |
2011 |
|
Cash & Near
Cash Items |
37.37 |
|
Accounts &
Notes Receivable |
78.56 |
|
Inventories |
342.48 |
|
Other Current
Assets |
152.01 |
|
Total Current Assets |
610.42 |
|
LT Investments
& LT Receivables |
84.50 |
|
Net Fixed Assets |
316.85 |
|
Total Long-Term Assets |
401.35 |
|
Total Assets |
1,011.77 |
|
Liabilities & Shareholders' Equity |
|
|
Accounts Payable |
175.10 |
|
Short-Term
Borrowings |
336.21 |
|
Other Short-Term
Liabilities |
131.86 |
|
Total Current Liabilities |
643.17 |
|
Long-Term
Borrowings |
46.50 |
|
Other Long-Term
Liabilities |
10.35 |
|
Total Long-Term Liabilities |
56.85 |
|
Total Liabilities |
700.01 |
|
Share Capital
& APIC |
162.00 |
|
Retained
Earnings & Other Equity |
149.75 |
|
Total Equity |
311.75 |
|
Total Liabilities & Equity |
1,011.77 |
Income Statement
For the Period
Ended 30 June 2011
Currency: Taka (In
Million)
|
|
2011 |
|
Revenue |
826.09 |
|
Cost of Revenue |
648.47 |
|
Gross Profit |
177.62 |
|
Operating Expenses |
73.58 |
|
Operating Income |
104.04 |
|
Interest Expense |
65.89 |
|
Pretax Income |
33.97 |
|
Income Tax Expense |
3.77 |
|
Income Before XO
Items |
30.20 |
|
Net Income |
30.20 |
|
Net Inc Avail to
Common Shareholders |
30.20 |
|
Normalized
Income |
30.20 |
|
Basic EPS Before
Abnormal Items |
1.49 |
|
Basic EPS Before
XO Items |
1.49 |
|
Basic EPS |
1.49 |
|
Basic Weighted Avg Shares |
20.25 |
CAPITAL STRUCTURE
|
|
Authorized
Capital |
Tk.500 million |
|
Paid Up Capital |
Tk.239
million |
|
Each Share Value |
Tk.10.00 |
CURRENCY EXCHANGE RATE
|
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
127.6310 |
|
U.S Dollar |
1 |
81.8200 |
|
European Euro |
1 |
102.5286 |
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 |
GENERAL INFORMATION
|
|
Employees |
6000 |
|
Office Area (Sq.
Ft) |
3,500 sq.ft (own) |
|
Factory Area
(Sq. Ft) |
135,000 sq.ft (own) |
|
Warehouse Area
(Sq. Ft) |
6,900 sq.ft. (own) |
|
Range of
Products |
4 Porcelain Tableware 4 Bone China Tableware |
|
Certifications |
NIL |
|
Group Name |
4 Monno Group of Industries |
|
Subsidiaries /
Affiliates |
4 Monno Jutex
Industries Ltd. |
|
Member |
4 Bangladesh Ceramic & Sanitary Wears
Manufacturers Association 4 Dhaka Chamber of Commerce &
Industries, Dhaka |
|
Stock Code |
4
MONNOCERA |
|
Listed With |
4 Dhaka
Stock Exchange Limited, Dhaka 4
Chittagong Stock Exchange Limited, Chittagong |
BUSINESS TREND & PROSPECT
|
|
Business Scale |
Fairly Large |
|
Business Trend |
Growing |
|
Management
Capability |
Good |
|
Reputation |
Good |
|
Name |
Mr. Masud |
|
Designation |
Export dept |
|
Mobile |
880-2-7791347 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.02 |
|
|
1 |
Rs.86.77 |
|
Euro |
1 |
Rs.68.82 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.