MIRA INFORM REPORT

 

 

Report Date :

31.07.2012

 

IDENTIFICATION DETAILS

 

Name :

FUCHS LUBRICANTS BANGLADESH LIMITED

 

 

Registered Office :

37, Suhrawardy Avenue, Block-K, Suite-4/A, Baridhara, Dhaka-1212

 

 

Country :

Bangladesh

 

 

Year of Establishment :

2002

 

 

Com. Reg. No.:

Not Available 

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacturer & Seller of Lubricants

 

 

No. of Employees :

600

 

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 :

Good

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

 

 

COMPANY DETAILS

 

Name

Fuchs Lubricants Bangladesh Limited

Address

37, Suhrawardy Avenue, Block-K, Suite-4/A, Baridhara, Dhaka-1212

Country

Bangladesh

Telephone No

880-2-8858465, 8858559

Fax No

880-2-8858465, 8858559 Ext.-112

E-Mail

info@fuchsbd.com

Website

www.fuchsbd.com

Established

2002

Legal Status

Private Limited

Business Type

Manufacturer & Seller

Status

Satisfactory

Payment Behavior

No complaints have been heard regarding payments 

from local suppliers or banks.

 

 

LOCATIONS

 

Head Office

37, Suhrawardy Avenue, Block-K, Suite-4/A, Baridhara, Dhaka-1212, Bangladesh

Telephone No

880-2-8858465, 8858559

Fax No

880-2-8858465, 8858559 Ext.-112

E-Mail

info@fuchsbd.com

Website

www.fuchsbd.com

Number of Distribution Sites

7

Plant

BSCIC Industrial Estate, Block-A, Sagarika Road, Chittagong- 4219, Bangladesh

Plant Telephone No

880-31-750060, 750446, 750940

Plant Fax No

880-31-750061

Warehouse

BSCIC Industrial Estate, Block-A, Sagarika Road, Chittagong- 4219, Bangladesh

 

DIRECTORS

 

Name

Capt. Imam Anwar Hossain

Designation

Director

Nationality

Bangladeshi

 

 

Name

Mr. Mostafa Ahmed

Designation

Director

Nationality

Bangladeshi

 

 

SHAREHOLDERS

 

Name

Fuchs Petrolub AG

Share Percent

100%

Country

Germany

 

 

BUSINESS DETAILS

 

Line of Business

Manufacturer & Seller

Items Dealing In

Lubricants

Terms of Purchase

Local: Cash or Credit

Import: Against L/C

Terms of Purchase

Local: Cash or Credit

 

 

BANKERS

 

Name

Prime Bank Ltd

Branch

Baridhara Branch

Address

Baridhara, Dhaka

SWIFT

N/A

 

 

FINANCIAL INFORMATION

 

Year

2011

2010

 

2009

Investment

Tk.2 billion

Tk.1.5 billion

Tk.1.5 billion

Turnover

Tk.3.7 billion

Tk.3.3 billion

Tk.3 billion

Liability

NIL

NIL

NIL

Assets

Tk.2.8 billion

Tk.2.2 billion

Tk.2.2 billion

 

 

CAPITAL STRUCTURE

 

Authorized Capital

Tk.50 million

Paid Up Capital

Tk.10 million

Each Share Value

Tk.100.00

 

 

CURRENCY EXCHANGE RATE

 

Currency

Unit

Bangladeshi Taka (BDT)

 

Great Britain Pound

1

128.5092

U.S Dollar

1

81.7125

European Euro

1

100.5309

 

 

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

600

Office Area (Sq. Ft)

2,700 sq.ft (rented)

Factory Area (Sq. Ft)

2.5 acres of land (leased)

Warehouse Area (Sq. Ft)

10,000 sq.ft (leased)

Range of Products

4 Open Gear Lubricants

4 Diverse Greases

4 Industrial Lubricants for Diverse Applications

4 Lubricants for Power Supply System

4 Engine & Gear Oils

Major Clients 

4 Abul Khair Steel Mills Ltd.

4 Al – Amin Group

4 Anlima Textile Ltd.

4 Aramit Cement Ltd.

4 Baghdad Express

4 Baghdad Fisheries Ltd.

4 Bangladesh Railway (BR)

4 Bangladesh Rifles (BDR)

4 Bashundhara Riverview Project

4 Bashundhara Steel Complex Ltd

4 Biswas Synthetic Ltd.

4 Biswas Textiles Ltd.

4 Chin Hung Fibers Ltd.

4 China Bangla Ceramic Industries Ltd.

4 Confidence Cement Ltd.

4 Dhaka - Shanghai Ceramics Ltd.

4 Diamond Cement Ltd.

4 Directorate General of Defense Purchase (DGDP).

4 Emirates Cement Bangladesh Ltd.

4 Energy Prima Ltd.

4 Energypac Engineering Ltd.

4 Esack Brothers Industries Ltd. (Container Yard)

4 Esquire Knit Composite Ltd

4 Export Pack Ltd.

4 Foy's Lake Amusement World

4 Fresh Cement Mills Ltd.

4 GATCO

4 GBB Power Ltd.

4 Globe Soft Drinks Ltd. (Uro Brand)

4 GMS Composite Knitting Ind. Ltd.

4 Golden Containers Ltd.

4 GPH Ispat Ltd.

4 Great Wall Ceramics Industries Ltd.

4 HeidelbergCement Bangladesh Ltd

4 HNS Automobiles

4 Ibrahim Textile Mills Ltd

4 KDS Accessories

4 KDS Logistics Ltd

4 KDS Poly Industries Ltd.

4 KDS Textile Mills Ltd.

4 Khadim Ceramics Ltd.

4 Kohinoor Chemical Co. Ltd.

4 KYCR Coil Industries Ltd.

4 Meghna Cement Mills Ltd.

4 Meghna Rubber Industries Ltd.

4 Mirpur Ceramics Works Ltd.

4 Mongla Cement Ltd.

4 Mostafa Paper Complex Ltd.

4 Mostafa Vegetable Oil Industries Ltd.

4 N.P. Elegance

4 N.R. Group

4 National Fans Ltd.

4 NGS Cement Industries Ltd.

4 Noman Group

4 Pacific Jeans Ltd.

4 Partex Group

4 PHP Cold Rolling Mills Ltd.

4 PHP Continuous Galvanizing Mills Ltd.

4 PHP Float Glass Industries Ltd.

4 PHP Power Company Ltd.

4 PHP Power Generation Plant Ltd.

4 PHP Ship Breaking and Recycling Industries Ltd.

4 PHP Steels Ltd.

4 Premier Cement Mills Ltd.

4 Project Promoters Private Ltd.

4 Radisson Water Garden Hotel

4 Rahim Steel Mills Co. (Pvt.) Ltd

4 Reedisha Knitex Ltd.

4 Regent Textile Mills Ltd.

4 RFL Plastics Ltd.

4 S. Alam Cement Ltd.

4 S. Alam Cold Rolled Steels Ltd.

4 S. Alam Refined Sugar Industries Ltd.

4 Saudia S. Alam A/C Bus

4 Square Knit Composite Ltd.

4 Square Textiles Ltd.

4 Star Line Group

4 Sundarban Courier Service (Pvt.) Ltd.

4 The Westin Dhaka Hotel

4 Unilon Textiles Ltd.

4 United Sugar Mills Ltd.

4 Western Marine Shipyard Ltd.

4 Youngone Group

Export Market

N/A

Certifications

ISO 9001:2008

Parent Company

4 Fuchs Petrolub AG

Subsidiaries / Affiliates

N/A

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.55.44

UK Pound

1

Rs.87.12

Euro

1

Rs.68.15

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.