|
Report Date : |
16.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
SUNBEAM INTERNATIONAL |
|
|
|
|
Registered Office : |
Eastern Trade Center, 11th
Floor, Suite # 5-7, 56, Purana Paltan Line, Dhaka-1000 |
|
|
|
|
Country : |
|
|
|
|
|
Year of Establishment : |
2004 |
|
|
|
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Com. Reg. No.: |
Not Available |
|
|
|
|
Legal Form : |
Proprietorship Concern |
|
|
|
|
Line of Business : |
Importing & Selling of Chemical
|
|
|
|
|
No. of Employees : |
15 |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Poor |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
--- |
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 |
Sunbeam International |
|
Address |
71/2, Sarat Gupta Road, Narinda, Dhaka-1100 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-8313746 |
|
Fax No |
880-2-8322366 |
|
E-Mail |
|
|
Website |
|
|
Established |
2004 |
|
Concern Registration No |
N/A |
|
Registration date |
N/A |
|
Legal Status |
Proprietorship Concern |
|
Issuing Authority |
N/A |
|
Business Type |
Importer and
Seller |
|
Status |
Unsatisfactory |
|
Payment Behavior |
Defaulter
|
|
Corporate Office |
Eastern Trade Center, 11th Floor, Suite
# 5-7, 56, Purana Paltan Line, Dhaka-1000, Bangladesh |
|
Telephone No |
880-2-8313746 |
|
Fax No |
880-2-8322366 |
|
E-Mail |
|
|
Website |
|
|
Operational Address |
71/2, Sarat Gupta Road, Narinda,
Dhaka-1100 |
|
Factory |
N/A |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
71/2, Sarat Gupta Road, Narinda,
Dhaka-1100 |
|
Name |
Mr. Nazir
Ahmed |
|
Designation |
Proprietor |
|
Nationality |
Bangladeshi |
|
Line of Business |
Importing & Selling
|
|
Items Dealing In |
Chemical |
|
Terms of Purchase |
Import: Against L/C |
|
Terms of
Purchase |
Local: Cash or Credit |
|
Name |
Brac Bank
Limited |
|
Branch |
Purana Paltan
Branch |
|
Address |
Purana Paltan, Dhaka |
|
SWIFT |
N/A |
The subject has flatly refused to disclose their financial information.
|
Authorized
Capital |
N/A |
|
Paid Up Capital |
N/A |
|
Each Share Value |
N/A |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
127.6699 |
|
U.S Dollar |
1 |
81.9500 |
|
European Euro |
1 |
102.4949 |
|
Dishonored
Checks |
No Found |
|
Debt |
One Record Found |
|
Litigation |
No Records Found |
|
Performance
Defaults |
One Record Found |
|
Adverse Press
Coverage |
No Records Found |
|
Money Laundering |
No Records Found |
|
Employees |
15 |
|
Office Area (Sq.
Ft) |
1,850 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
4,800 sq.ft (rented) |
|
Range of
Products |
4 Paint Additives 4 Textile & Dyeing Chemicals 4 PVC/Plastic Rubber 4 Paper Chemical |
|
Import From |
4 China 4 India 4 USA 4 Australia
4 Europe |
|
Certifications |
NIL |
|
Group Name |
NIL |
|
Subsidiaries /
Affiliates |
4 Max Corporation
4 Max Trading Co 4 M.I. & Co |
|
Member |
4 Dhaka Chamber
of Commerce & Industries, Dhaka |
We were informed that the subject is a defaulter. The subject has bad reputation
of payments to its principal. The subject purchased food grade chemicals from a
Chinese concern named Suncare Enterprise
Co., Limited but the subject did not pay the payment.
Overall, we
recommend NOT TO ENTER INTO ANY BUSINESS ENGAGEMENTS with the subject
at any stage.
|
Business Scale |
Small |
|
Business Trend |
Unstable |
|
Management
Capability |
Poor |
|
Reputation |
Poor |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.76 |
|
UK Pound |
1 |
Rs.86.69 |
|
Euro |
1 |
Rs.70.44 |
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.