MIRA INFORM REPORT

 

 

Report Date :

27.06.2012

 

IDENTIFICATION DETAILS

 

Name :

DESHBANDHU GROUP

 

 

Registered Office :

Mostafa Center, House No.59, Road No.27, Block-K, Banani, Dhaka-1213

 

 

Country :

Bangladesh

 

 

Year of Establishment :

1932

 

 

Legal Form :

The Members of the Group All Are Public, Private Limited & Proprietorship Companies

 

 

Line of Business :

Manufacturer, Exporter, Importer & Trader of Various Items 

 

 

No. of Employees :

5,800

 

 

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

COMPANY DETAILS

 

Name

Deshbandhu Group

Address

Mostafa Center, House No.59, Road No.27, Block-K, Banani, Dhaka-1213

Country

Bangladesh

Telephone No

880-2-8810910, 8816731

Fax No

880-2-9891456

E-Mail

info@deshbandhugroup.com.bd

Website

www.deshbandhugroup.com.bd

Established

1932

Company Registration No

N/A

Registration date

N/A

Legal Status

The Members of the Group All Are Public, Private Limited &

Proprietorship Companies

Issuing Authority

The Registrar of Joint Stock Companies & Firms 

Business Type

Manufacturer, Exporter, Importer & Trader

Status

Satisfactory

Payment Behavior

No complaints have been heard regarding payments 

from local suppliers or banks.

 

 

LOCATIONS

 

Head Office

Mostafa Center, House No.59, Road No.27, Block-K, Banani, Dhaka-1213

Telephone No

880-2-8810910, 8816731

Fax No

880-2-9891456

E-Mail

info@deshbandhugroup.com.bd

Website

www.deshbandhugroup.com.bd

Sales Office

BCIC Bhaban (16th Floor), 30-31 Dilkusha C/A, Dhaka 1000, Bangladesh
Phone: 880-2-9554006, 9560174, 9560175

Factory

Kawadi, Charshindur, Narshingdi, Bangladesh

Factory Telephone No

NIL

Factory Fax No

NIL

Warehouse

Kawadi, Charshindur, Narshingdi, Bangladesh

 

 

DIRECTORS

 

Name

Mr. Golam Mostafa

Designation

Chairman

Nationality

Bangladeshi

 

 

Name

Mr. Golam Rahman

Designation

Managing Director

Nationality

Bangladeshi

 

 

BUSINESS DETAILS

 

Line of Business

Manufacturer, Exporter, Importer & Trader

Items Dealing In

Various Items 

Terms of Purchase

Local: Cash or Credit

Import: Against L/C

Terms of Sale

Local: Cash or Credit

Export: Against L/C

 

 

BANKERS

 

Name

Southeast Bank Ltd

Branch

Banani Branch

Address

Banani, Dhaka

SWIFT

N/A

 

 

Name

Dhaka Bank Ltd

Branch

Banani Branch

Address

Banani, Dhaka

SWIFT

N/A

 

 

Name

Habib Bank Ltd

Branch

Banani Branch

Address

Banani, Dhaka

SWIFT

N/A

 

 

Name

Bank Asia Ltd

Branch

Dilkusha Branch

Address

Dilkusha C/A, Dhaka

SWIFT

N/A

 

 

Name

Mercantile Bank Ltd.

Branch

Dilkusha Branch

Address

Dilkusha C/A, Dhaka

SWIFT

N/A

 

 

FINANCIAL INFORMATION

 

Year

2011

2010

 

2009

Investment

Tk.5 billion

Tk.5 billion

Tk.4 billion

Turnover

Tk.11.4 billion 

Tk.10 billion

Tk.8 billion

Liability

Tk.16 million

Tk.17 million

Tk.17.9 million

Assets

Tk.8 million

Tk.8 billion

Tk.6 billion

 

 

CAPITAL STRUCTURE

 

Authorized Capital

N/A 

Paid Up Capital

N/A

Each Share Value

N/A

 

 

CURRENCY EXCHANGE RATE

 

Currency

Unit

Bangladeshi Taka (BDT)

 

Great Britain Pound

1

128.6197

U.S Dollar

1

81.8400

European Euro

1

103.9695

 

 

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

 

 

Information declined by

 

Name                            : Mr. Nazhul

Designation                   : Office Executive

Contact                         : 880-2-8810910

Date                             : 27.06.2012

 

 

GENERAL INFORMATION

 

Employees

5,800

Office Area (Sq. Ft)

3,200 sq.ft (rented)

Factory Area (Sq. Ft)

70,000 Sqf (own)

Warehouse Area (Sq. Ft)

10,800  sq.ft.(own)

Range of Products

4 Refined Sugar

4 Woven Bags

4 Ready-made Sweaters

4 Ethanol Fuel

4 Real Estate Development

4 Bulk Commodities

4 Fertilizer

4 Cement

4 Rice

4 Other Food Grains

Export Market 

4 Nepal

4 India

4 Turkey

4 Europe

4 USA

Certification

4 ISO 9001:2000

Group Companies

4 Deshbandhu Sugar Mills Limited

4 Deshbandhu Polymer Limited

4 Deshbandhu Cement Mills Limited

4 Southeast Sweaters Limited

4 Deshbandhu Distilleries Limited

4 Sahera Auto Rice Mills Limited

4 GM Shipping Limited

4 Rapa Plaza

4 Moru Trade

4 Commodities Trading Company

4 Fertilizer Marketing Corporation

4 M. R. Trading

4 G. M. Properties

4 Deshbandhu Power Plant

4 Deshbandhu Sugar Exports

4 MTI Solution

4 Multi Trade International

Member

4 Dhaka Chamber of Commerce & Industry, Dhaka

4 Refined Sugar Association, London

4 Bangladesh Garments Manufacturers & Exporters Association

 

 

BUSINESS TREND & PROSPECT

 

Business Scale           

Large 

Business Trend

Growing

Management Capability

Good

Reputation

Good

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.57.07

UK Pound

1

Rs.88.96

Euro

1

Rs.71.40

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.