|
Report Date : |
14.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
TILOTTOMA BANGLA GROUP |
|
|
|
|
Registered Office : |
67, C.R. Dutt Road (Previous 22/6, Sonargaon Road), Hatirpool,
Dhaka-1205 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Financials (as on) : |
2010 |
|
|
|
|
Date of Incorporation : |
1984 |
|
|
|
|
Legal Form : |
The members of the group one
is private limited and some other is proprietorship company |
|
|
|
|
Line of Business : |
Importing & Selling of all Types of Sanitary Solution &
Furniture and Architectural Hardware Solution |
|
|
|
|
No. of Employees : |
670 |
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 |
|
Maximum Credit Limit : |
US$ 40,000.00 |
|
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 – September 30, 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 |
Tilottoma Bangla
Group Note: The
subject operates by this name. |
|
Address |
67, C.R. Dutt
Road (Previous 22/6, Sonargaon Road), Hatirpool, Dhaka-1205 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-9668808,
9673432, 8629980 |
|
Fax No |
880-2-9663184 |
|
E-Mail |
|
|
Website |
|
|
Established |
1984 |
|
Company Registration No |
N/A |
|
Registration date |
N/A |
|
Legal Status |
The members of the group one is private
limited and some other is proprietorship company |
|
Issuing Authority |
The Registrar of Joint Stock Companies & Firms, Dhaka |
|
Business Type |
Importer & Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
|
Head Office |
67, C.R. Dutt
Road (Previous 22/6, Sonargaon Road), Hatirpool, Dhaka-1205 |
|
Telephone No |
880-2-9668808,
9673432, 8629980 |
|
Fax No |
880-2-9663184 |
|
E-Mail |
|
|
Website |
|
|
Branch |
NIL |
|
Factory |
NIL |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
67, C.R. Dutt
Road (Previous 22/6, Sonargaon Road), Hatirpool, Dhaka-1205 |
|
Name |
Mr. Joarder
Nowsher Ali, FCA |
|
Designation |
Chairman |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Shahriar
Sajjad |
|
Designation |
CEO |
|
Nationality |
Bangladeshi |
|
Line of Business |
Importing & Selling |
|
Items Dealing In |
All Types of
Sanitary Solution & Furniture and Architectural Hardware Solution |
|
Terms of Purchase |
Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
|
Name |
HSBC |
|
Branch |
Sonargaon Road
Branch |
|
Address |
Sonargaon Road, Dhaka |
|
SWIFT |
N/A |
|
|
|
|
Name |
United
Commercial Bank Limited |
|
Branch |
Foreign Exchange
Branch |
|
Address |
Dilkusha C/A, Dhaka |
|
SWIFT |
N/A |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.63 million |
Tk.63 million |
Tk.60 million |
|
Turnover |
Tk.425.8 million |
Tk.425 million |
Tk.423 million |
|
Liability |
Tk.9.6 million |
Tk.10 million |
Tk.12 million |
|
Assets |
Tk.87 million |
Tk.87 million |
Tk.85 million |
CAPITAL
STRUCTURE
|
Authorized
Capital |
N/A |
|
Paid Up Capital |
N/A |
|
Each Share Value |
N/A |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
127.9530 |
|
U.S Dollar |
1 |
81.7800 |
|
European Euro |
1 |
107.6061 |
|
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 |
|
Amount |
Based On |
|
US$ 40,000.00 |
90 Days |
|
Employees |
670 |
|
Office Area (Sq.
Ft) |
3,200 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
12,500 sq.ft. (Rented) |
|
Range of
Products |
4 Foreign Tiles 4 Sanitary Fittings 4 Bathroom Accessories 4 Furniture and Architectural
Hardware |
|
Brand Name |
4 TOTO 4 NAHM 4 HAFELE 4 WATSON 4 JVD 4 NVC 4 REMMERS |
|
Import From |
4 Spain 4 Indonesia 4 Thailand 4 Sri Lanka 4 Brazil 4 Portugal 4 Vietnam 4 China |
|
Certifications |
NIL |
|
Group Name |
N/A |
|
Group Companies |
4 Tilottoma Trade Centre 4 Tiles World 4 Priotoma Bangla 4 Tilottoma Design
Studio 4 Tilottoma Life Style
Ltd |
|
Member |
4 Dhaka Chamber of Commerce &
Industries, Dhaka |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.84 |
|
|
1 |
Rs.77.96 |
|
Euro |
1 |
Rs.65.61 |
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.