|
Report Date : |
04.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
CORONA TRACTORS LIMITED |
|
|
|
|
Registered Office : |
86, Inner Circular (VIP)
Road, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
12.01.2007 |
|
|
|
|
Com. Reg. No.: |
C-69062 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importing, Assembling & Distributing of Agricultural Tractors |
|
|
|
|
No. of Employees : |
260 |
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 |
Corona Tractors Limited |
|
Address |
Darikandi, Sonargaon, Narayangong |
|
Country |
Bangladesh |
|
Telephone No |
880-2-9333764, 8312104, 9350473, 9362527 |
|
Fax No |
880-2-9342973 |
|
E-Mail |
|
|
Website |
|
|
Established |
2007 |
|
Company Registration No |
C-69062 |
|
Registration date |
12th January 2007
|
|
Legal Status |
Private Limited |
|
Issuing Authority |
The
Registrar of Joint Stock Companies & Firms, Dhaka s |
|
Business Type |
Importer,
Assembler & Distributor |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
|
Head Office |
86, Inner Circular (VIP)
Road, Kaji Tower(4th Floor), Naya Paltan, Dhaka-1000 |
|
Telephone No |
880-2-9333764, 8312104, 9350473, 9362527 |
|
Fax No |
880-2-9342973 |
|
E-Mail |
|
|
Website |
|
|
Representative Office |
4 Moscow,
Russia 4 Ukraine |
|
Branch |
4 B. Baria 4 Chandpur 4 Dinajpur 4 Jessore 4 Kishoregonj 4 Mymensingh 4 Rajshahi 4 Sylhet |
|
Factory |
Darikandi, Sonargaon, Narayangong |
|
Factory Tel No |
NIL |
|
Factory Fax No |
NIL |
|
Warehouse |
Darikandi, Sonargaon, Narayangong |
|
Name |
Mrs. Bakul Chowdhury |
|
Designation |
Chairman |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Tauhidur Rashid Chowdhury |
|
Designation |
Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Mizanur Rashid Chowdhury |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
Name |
Mrs. Bakul Chowdhury |
|
Share Percent |
40% |
|
Country |
Bangladeshi |
|
|
|
|
Name |
Mr. Tauhidur Rashid Chowdhury |
|
Share Percent |
40% |
|
Country |
Bangladeshi |
|
|
|
|
Name |
Mr. Mizanur Rashid Chowdhury |
|
Share Percent |
20% |
|
Country |
Bangladeshi |
|
Line of Business |
Importing,
Assembling & Distributing |
|
Items Dealing In |
Agricultural
Tractors |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of
Purchase |
Local: Cash or Credit |
|
Name |
Janata Bank Limited |
|
Branch |
Shantinagar Corporate Branch |
|
Address |
Shantinagar, Dhaka |
|
SWIFT |
N/A |
|
|
|
|
Name |
Bangladesh Krishi Bank |
|
Branch |
Local Principal Office |
|
Address |
84 Motijheel C/A, Dhaka |
|
SWIFT |
N/A |
|
|
|
|
Name |
International Finance Investment and Commerce Bank
Limited |
|
Branch |
Shantinagar Branch |
|
Address |
4, Shantinagar, Chamelybag, Dhaka-1000 |
|
SWIFT |
N/A |
|
|
|
|
Name |
Dhaka Bank Limited |
|
Branch |
Motijheel Branch |
|
Address |
Adamjee Court (GF),
115-120 Motijheel C/A, Dhaka-1000 |
|
SWIFT |
N/A |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.26 million |
Tk.25 million |
Tk.25 million |
|
Turnover |
Tk.282 million |
Tk.280.6 million |
Tk.280 million |
|
Liability |
Tk.5.8 million |
Tk.6.5 million |
Tk.7 million |
|
Assets |
Tk.32 million |
Tk.31 million |
Tk.31 million |
|
Authorized
Capital |
Tk.10 million |
|
Paid Up Capital |
Tk.2 million |
|
Each Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
126.8923 |
|
U.S Dollar |
1 |
81.9400 |
|
European Euro |
1 |
101.3598 |
|
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 |
|
Employees |
260 |
|
Office Area (Sq.
Ft) |
2,000 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
2 acres of land (rented) |
|
Warehouse Area
(Sq. Ft) |
10,500 sq.ft (rented) |
|
Range of
Products |
4 Agricultural
Tractors and Implements |
|
Major Foreign
Principals |
4 UMZ Tractor Plant, Ukraine 4 Punjab Tractors Ltd, India 4 MINSK Tractors Works Minsk, Belarus 4 Gherardi S.R.L, Italy 4 Sumec Complete Equipments & Engineering Co. Ltd, China |
|
Major Clients |
4 Bangladesh Sugar & Food Industries Corporation (BSFIC) 4 Local Govt. Engineering Department (LGED) 4 Bangladesh Forest Industries Development Corporation 4 Bangladesh Agricultural Development Corporation (BADC) 4 Sugar Research Training Institute (SRTI) 4 Bangladesh Rifles (BDR) 4 Director General of Defense Purchase ( DGDP) 4 Military Farm 4 Different City Corporation 4 District Municipal Authorities 4 Lama Rubber Bagan 4 East West Corporation 4 Islam Group 4 Meghna Group 4 N.R.G Knit Composite 4 Different Agro-Food Industries. 4 Eastern Housing Ltd. 4 Nirman International. 4 Soil Tech Ltd. 4 GMG Airlines. 4 Bashundhara City 4 Mother Textile 4 Rema Tea Company 4 National Tea Company 4 M.S. Trade Agency 4 Cotton Development Board 4 Aftab Group 4 NAVY 4 Ircon International 4 Different NGO 4 Z-K Corporation 4 Chittagong Clay & Bricks 4 Loans Under Bangaldesh Krish Bank & Rajshahi Krishi Unnayan Bank 4 Best Aviation Ltd 4 Halder tea State 4 Haludia Rubber Bagan 4 Dathmasa Rubbr Bagan 4 Ramgash Tea Estate 4 Dabua Rubber Bagan 4 Kanchannagar Rubber Bagan 4 Terakho Rubber Bagan 4 Ramu Rubber Bagan 4 Aman Group of Industries 4 Crown Agent 4 Star Particle Board Mills Ltd.( Partex Group) 4 Gallent Trade International 4 BRAC Tea Estate 4 Korean Construction Company. |
|
Certifications |
NIL |
|
Group Name |
4 Corona Group |
|
Subsidiaries /
Affiliates |
4 Corona Industries Limited 4 Corona Services Limited 4 Corona Agro Food Industries
Limited |
|
Member |
4 Bangladesh Automobile Importer
& Exporters & Assembler Association, Dhaka 4 Dhaka Chamber of Commerce &
Industries, Dhaka |
|
Business Scale |
Fairly Large |
|
Business Trend |
Growing |
|
Management Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.92 |
|
UK Pound |
1 |
Rs.86.03 |
|
Euro |
1 |
Rs.69.13 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.