MIRA INFORM REPORT

 

 

Report Date :           

26.07.2012

 

IDENTIFICATION DETAILS

 

Name :

SYSTEMS SOLUTIONS & DEVELOPMENT TECHNOLOGIES LIMITED

 

 

Registered Office :

Highway Homes-2nd Floor, Ka-32/6, Shahajadpur, Pragati Sharani, Gulshan, Dhaka -1212

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

03.04.2004

 

 

Com. Reg. No.:

C-53147

 

 

Legal Form :

Private Limited

 

 

Line of Business :

Service Provider of Software Development

 

 

No. of Employees :

80

 

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 – September 30th, 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

Systems Solutions & Development Technologies Limited

Note: The subject registered by this name.

Address

Highway Homes-2nd Floor, Ka-32/6, Shahajadpur, Pragati Sharani, Gulshan, Dhaka -1212

Country

Bangladesh

Telephone No

880-2-9882314

Fax No

880-2-9882732

E-Mail

info@ssd-tech.com

Website

www.ssd-tech.com

Established

2004

Company Registration No

C-53147

Registration date

3rd April 2004

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.

 

 

LOCATIONS

 

Head Office

Highway Homes-2nd Floor, Ka-32/6, Shahajadpur, Pragati Sharani, Gulshan, Dhaka -1212

Telephone No

880-2-9882314

Fax No

880-2-9882732

E-Mail

info@ssd-tech.com

Website

www.ssd-tech.com

Branch

NIL

Factory

N/A

Factory Telephone No

N/A

Factory Fax No

N/A

Warehouse

Highway Homes-2nd Floor, Ka-32/6, Shahajadpur, Pragati Sharani, Gulshan, Dhaka -1212

 

 

 

DIRECTORS

 

Name

Mr. Mahbubul Matin

Designation

President

Nationality

Bangladeshi

 

 

Name

Mr. Firoze M Zahidur Rahman

Designation

Managing Director & CEO

Nationality

Bangladeshi

 

 

BUSINESS DETAILS

 

Line of Business

Service Provider 

Items Dealing In

Software Development 

Terms of Purchase

Local: Cash or Credit

Import: Against L/C

Terms of Sale

Local: Cash or Credit

 

 

BANKERS

 

Name

Standard Chartered Bank

Branch

Gulshan Branch

Address

Gulshan, Dhaka-1213

SWIFT

N/A

 

 

Name

HSBC Bank

Branch

Dhaka Branch

 

 

Information Parted by

 

Name :

Mr. Shahin

Designation :

Sales Manager

Date :

23.07.2012

 

 

FINANCIAL INFORMATION

 

Year

2011

2010

 

2009

Investment

Tk.24 million

Tk.22 million

Tk.22 million

Turnover

Tk.136 million

Tk.134.6 million

Tk.134 million

Liability

Tk.4.7 million

Tk.5.5 million

Tk.6 million

Assets

Tk.30 million

Tk.28 million

Tk.28 million

 

 

CAPITAL STRUCTURE

 

Authorized Capital

Tk.10 million

Paid Up Capital

Tk.250,000.00

Each Share Value

Tk.100.00

 

 

CURRENCY EXCHANGE RATE

 

Currency

Unit

Bangladeshi Taka (BDT)

 

Great Britain Pound

1

127.7426

U.S Dollar

1

81.7500

European Euro

1

99.4489

 

 

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

80

Office Area (Sq. Ft)

2,000 sq.ft (rented)

Factory Area (Sq. Ft)

N/A

Warehouse Area (Sq. Ft)

3,000 sq.ft (rented)

Range of Services

4 mApps 

4 Web Solutions

4 Telecom Solutions

4 Fintelligent

4 BI & Data Warehouse

4 Fintelligent Light

Technical Support From   

OS Platform:

Windows, Unix, Linux, Solaris

 

Database, Data Warehousing & BI:

Oracle, MS SQL, MySQL, Business Objects

 

Programming Language:

C/C++, .NET, Java, PHP, VB, Shell Scripts

 

Networking Protocols:

TCP/IP, SS7, ISDN PRI, R2

 

Application Servers:

TOMCAT, ColdFusion

 

Mobility Solutions:

BlackBerry, J2ME, WAP, BREW

Major Clients

4 Grameen Phone

4 ROBI

4 AIRTEL

4 CELCOM

4 BANGLALINK

4 Nokia

4 Fedex

4 Unilever

4 Finlay

4 BBC

4 Maxis

4 Bhutan Telecom

4 British American Tobacco

4 BT

4 Tashi Cell

Customers :

Corporate

Certifications

4 ISO 27001

4 ISO 14001

4 ISO/IEC 20000

Group Name

NIL

Subsidiaries / Affiliates

4 Systems Solutions and Development Technologies Sdn. Bhd. Malaysia

Member

4 Dhaka Chamber of Commerce & Industries, Dhaka

 

 

BUSINESS TREND & PROSPECT

 

Business Scale           

Fairly Large

Business Trend

Growing

Management Capability

Good

Reputation

Good

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.02

UK Pound

1

Rs.86.89

Euro

1

Rs.67.84

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.