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Report Date : |
06.06.2012 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
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Country : |
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Date of Incorporation : |
18.06.2002 |
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Com. Reg. No.: |
CH-186A |
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Legal Form : |
Private Limited |
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Line of Business : |
Manufacturer of
Steel Products |
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No. of Employees : |
480 |
RATING & COMMENTS
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MIRAs 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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Status : |
Satisfactory |
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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 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 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
|
Name |
Bangladesh Steel
Re-Rolling Mills Limited |
|
Address |
Ali Mansion,
1173/1207 Sadarghat Road, Chittagong |
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Country |
Bangladesh |
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Telephone No |
880-31-2854901-10, 613282,613759, 637758, 635380, 635382 |
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Fax No |
880-31-610101 |
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E-Mail |
|
|
Website |
www.bsrm.com |
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Established |
2002 |
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Company Registration No |
CH-186A |
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Registration date |
18th June
2002 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The
Registrar of Joint Stock Companies & Firms, Chittagong |
|
Business Type |
Manufacturer |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
|
Head Office |
Ali Mansion,
1173/1207 Sadarghat Road, Chittagong |
|
Telephone No |
880-31-2854901-10, 613282,613759, 637758, 635380, 635382 |
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Fax No |
880-31-610101 |
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E-Mail |
|
|
Website |
www.bsrm.com |
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Branch |
Mahbub Castle, 35, Purana Paltan Line, Dhaka Tel.880-2-8313135, 9358135 Fax.880-2-8312905 Samad Mansion, Mehedibagh, Upa-shahar, Sylhet Tel.880-821-721239 Mohammad Ali Plaza Shantahar Road Charmatha Bogra Tel.880-51-60792 Chandrima Super Maraket Air Port Road,(Near to EPZ Main Gate) Comilla Tel.880-81-71988 Plot No.C-7 Road No.4, Shirmoni Industrial Area, Khulna 4-6 Monowara Complex 100,Shamsher Nagar Road ,Beside Shah Mostafa College Mouluvi Bazar,Bangladesh Mobile.01711-322037 |
|
Factory |
78/79, Nasirabad
I/A, Baizid Bostami Road, Chittagong |
|
Factory Tel No |
N/A |
|
Factory Fax No |
N/A |
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Warehouse |
78/79, Nasirabad
I/A, Baizid Bostami Road, Chittagong |
|
Name |
Mr. Ali Hussain
Akbar Ali |
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Designation |
Chairman & Managing Director |
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Nationality |
Bangladeshi |
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|
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Name |
Mr. Aameir Ali
Hussain |
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Designation |
Deputy Managing Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Zoheir Taher
Ali |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Ali Asghar
Africawala |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Hadi Akbar
Ali |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Ali Hussain Akbar
Ali |
|
Share Percent |
30% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Aameir Ali
Hussain |
|
Share Percent |
20% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Zoheir Taher
Ali |
|
Share Percent |
20% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Ali Asghar
Africawala |
|
Share Percent |
20% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Hadi Akbar
Ali |
|
Share Percent |
10% |
|
Nationality |
Bangladeshi |
|
Line of Business |
Manufacturer |
|
Items Dealing In |
Steel Products |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of
Purchase |
Local: Cash or Credit |
|
Name |
Habib Bank
Limited |
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Branch |
Laldighi East
Branch |
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Address |
Laldighi, Chittagong |
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SWIFT |
N/A |
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|
|
|
Name |
Agrani Bank
Limited |
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Branch |
Laldighi Branch |
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Address |
Laldighi, Chittagong |
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SWIFT |
N/A |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.40 billion |
Tk.38 billion |
Tk.38 billion |
|
Turnover |
Tk.409 million |
Tk.406.7 million |
Tk.406 million |
|
Liability |
Tk.22 billion |
Tk.25 billion |
Tk.27 billion |
|
Assets |
Tk.10 billion |
Tk.10 billion |
Tk.9 billion |
The information provided
is collected unofficially and as such its authenticity could not be guaranteed.
As per Local Corporate & Tax law, a Private Limited Company is not bound to
disclose its financial information.
Name : Mr. Shekhar
Designation : Accounts Department
Date : 06.06.2012
Contact No. : 880-31-2854901
|
Authorized
Capital |
Tk.2 billion |
|
Paid Up Capital |
Tk.500, 000.00 |
|
Each Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
125.7287 |
|
U.S Dollar |
1 |
81.9400 |
|
European Euro |
1 |
101.7203 |
|
Dishonored
Checks |
No Found |
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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 |
480 |
|
Office Area (Sq.
Ft) |
2,200 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
10 acres of lands (own) |
|
Warehouse Area
(Sq. Ft) |
8,000 sq.ft.(own) |
|
Range of
Products |
4 Deformed Bars 4 Spring Steel 4 M.S. Angles 4 M.S. Channels |
|
Major
Clients |
4 Local
Construction Companies 4 Local Domestic Consumers |
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Certifications |
NIL |
|
Group Name |
4 BSRM Group |
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Subsidiaries /
Affiliates |
4 Bangladesh Steel Re-Rolling Mills Limited 4 Karnafully Engineering Works Limited 4 BSRM Wires Limited 4 BSRM Steel Limited 4 BSRM Re-Cycling Industries Ltd. 4 BSRM Iron & Steels Co Ltd. 4 Chittagong Power Company Limited 4 H. Akberali & Co Ltd. 4 Bangladesh Steels Limited 4 East Bengal Trading & Industrial Corporation Limited 4 BSRM Ispat Limited 4 BSRM Steel Mills Limited 4 BSRM Logistics Limited 4 South Asia Securities Limited 4 Meghna Engineering
Works Limited |
|
Member |
4 Chittagong Chamber of Commerce
& Industries, Chittagong 4
Bangladesh Steel Mills Association |
|
Business Scale |
Large |
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Business Trend |
Growing |
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Management
Capability |
Good |
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Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.56 |
|
|
1 |
Rs.85.52 |
|
Euro |
1 |
Rs.69.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 SCs 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.