MIRA INFORM REPORT
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Report Date : |
09.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
Ultra Automobile Manufacturers Ltd |
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Registered Office : |
Uttara Center, 102, Shahid Tajuddin
Ahmed Sarani, Tejgaon, Dhaka 120 |
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Country : |
Bangladesh |
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Date of Incorporation : |
12.03.2004 |
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Com. Reg. No.: |
C-46726 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturing, Assembling & Selling of Commercial Vehicles |
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No. of Employees
: |
349 |
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 |
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Maximum Credit Limit : |
US$ 28,000.00 |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Bangladesh |
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Name |
Uttara
Automobile Manufacturers Limited Note: The subject operates by this name. |
|
Address |
Uttara Center, 102, Shahid Tajuddin Ahmed Sarani, Tejgaon, Dhaka 1208 Note: The subject operates from this
address. |
|
Country |
Bangladesh |
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Telephone No |
880-2-8170902-7 |
|
Fax No |
880-2-8170712 |
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E-Mail |
|
|
Website |
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Established |
2004 |
|
Company Registration No |
C-46726 |
|
Registration date |
12th
March 2004 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of
Joint Stock Companies & Firms, Dhaka |
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Business Type |
Manufacturer, Assembler & Seller
|
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
|
Head Office |
Uttara Center, 102, Shahid Tajuddin Ahmed Sarani, Tejgaon, Dhaka 1208 |
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Telephone No |
880-2-8170902-7 |
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Fax No |
880-2-8170712 |
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E-Mail |
|
|
Website |
|
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Branch |
NIL |
|
Factory |
Nasirabad Industrial
Area, Chittagong |
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Factory Telephone No |
NIL |
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Factory Fax No |
NIL |
|
Warehouse |
Nasirabad
Industrial Area, Chittagong |
|
Name |
Mr. Matiur Rahman |
|
Designation |
Chairman &
Managing Director |
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Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Durand Mehdadur
Rahman |
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Designation |
Deputy Managing Director |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. A.B.M Humayun Kabir |
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Designation |
Director |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Mir Mohammed Hossain |
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Designation |
Director |
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Nationality |
Bangladeshi |
|
Name |
Mr. Matiur Rahman |
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Share Percent |
40% |
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Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Durand Mehdadur
Rahman |
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Share Percent |
20% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. A.B.M Humayun Kabir |
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Share Percent |
20% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Mir Mohammed Hossain |
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Share Percent |
20% |
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Nationality |
Bangladeshi |
|
Line of Business |
Manufacturing, Assembling & Selling
|
|
Items Dealing In |
Commercial
Vehicles |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
|
Name |
IFIC Bank
Limited |
|
Branch |
Dilkusha Branch |
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Address |
Dilkusha Commercial Area, Dhaka |
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SWIFT |
N/A |
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|
|
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Name |
Standard
Chartered Bank |
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Branch |
Dilkusha Branch |
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Address |
Dilkusha Commercial Area, Dhaka |
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SWIFT |
N/A |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.63 million |
Tk.63 million |
Tk.60 million |
|
Turnover |
Tk.458.7 million |
Tk.458 million |
Tk.456 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.82 million |
Tk.82 million |
Tk.80 million |
|
Authorized
Capital |
Tk.200 million |
|
Paid Up Capital |
Tk.50 million |
|
Each Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
130.3052 |
|
U.S Dollar |
1 |
81.8500 |
|
European Euro |
1 |
109.0897 |
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Dishonored
Checks |
No Found |
|
Debt |
No Records Found |
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Litigation |
No Records Found |
|
Performance
Defaults |
No Records Found |
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Adverse Press
Coverage |
No Records Found |
|
Money Laundering |
No Records Found |
|
Amount |
Based On |
|
US$ 28,000.00 |
90 Days |
|
Employees |
349 |
|
Office Area (Sq.
Ft) |
2,900 sq.ft (own) |
|
Factory Area
(Sq. Ft) |
1.2 acres of land (rented) |
|
Warehouse Area
(Sq. Ft) |
18,000 sq.ft.(rented) |
|
Range of
Products |
4 Bus 4 Trucks |
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Major Foreign
Principals |
4 Bajaj Auto Ltd, India 4 Isuzu Motors Ltd., Japan 4 SML Isuzu Ltd, India 4 Suzuki Motors Corp., Japan 4 Maruti Suzuki India Ltd, India 4 Pak Suzuki Motor Co. Ltd 4 PT Suzuki Indomobile Motors, Indonesia 4 Sawafuji Electric Co., Ltd, Japan 4 Itochu Corporation, Japan 4 Mitsui & Co., Japan |
|
Certifications |
NIL |
|
Group Name |
4 Uttara Group of Companies |
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Subsidiaries /
Affiliates |
4 Uttara Motors Ltd 4 Uttara Automobiles Ltd 4 Uttara Motor Corporation Ltd 4 Menoka Motors Ltd 4 Eastern Motors Ltd 4 Uttara Services Ltd 4 Uttara Tyre Retreading Co. Ltd 4 Uttara Knitting and Dyeing Ltd 4 Uttara Knitwears Limited 4 Hallmark Pharmaceuticals Ltd 4 Uttara Exchange & Securities Ltd 4 UGC Securities Ltd 4 Eastern Securities Ltd 4 Uttara Properties Ltd 4 Uttara Hongkong JVC Ltd 4 Ramgarh Tea Plantation Ltd 4 Uttara Finance & Investments Ltd 4 National Life Insurance Ltd 4 Eastern Insurance Ltd |
|
Member |
4 Bangladesh Automobile Importer
& Exporters & Assembler Association, Dhaka 4 Dhaka Chamber of Commerce &
Industries, Dhaka |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.57 |
|
UK Pound |
1 |
Rs.79.57 |
|
Euro |
1 |
Rs.66.50 |
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 |
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NB |
New Business |
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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.