MIRA INFORM REPORT

 

 

Report Date :           

19.03.2012

 

IDENTIFICATION DETAILS

 

Name :

S Alam group

 

 

Registered Office :

S. Alam Bhaban, 2119, Asadgonj, Chittagong

 

 

Country :

Bangladesh

 

 

Year of Establishment :

1985

 

 

Com. Reg. No.:

Not Available

 

 

Legal Form :

The most of the members of the group are private limited Companies and others are proprietorship company

 

 

Line of Business :

Manufacturer, Exporter & Seller of Various Items 

 

 

No. of Employees :

15,000

 

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$ 60,000.00

 

 

Status :

Good

 

 

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 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

 

COMPANY DETAILS

 

Name

S. Alam Group 

Address

S. Alam Bhaban, 2119, Asadgonj, Chittagong

Country

Bangladesh

Telephone No

880-31-636649, 636997, 611426, 611195

Fax No

880-31-618187

E-Mail

sag@s.alamgroupbd.com

Website

www.s.alamgroupbd.com

Established

1985

Company Registration No

N/A

Registration date

N/A

Legal Status

The most of the members of the group are private limited

Companies and others are proprietorship company

Issuing Authority

The Registrar of Joint Stock Companies & Firms, Chittagong 

Business Type

Manufacturer, Exporter & Seller

Status

Satisfactory

Payment Behavior

No complaints have been heard regarding payments from local suppliers or banks.

 

 

LOCATIONS

 

Head Office

S. Alam Bhaban, 2119, Asadgonj, Chittagong

Telephone No

880-31-636649, 636997, 611426, 611195

Fax No

880-31-618187

E-Mail

sag@s.alamgroupbd.com

Website

www.s.alamgroupbd.com

Branch 

Liaison Office
Haji Abdul Awal Mansion (2’nd Floor), 21’ Haji Abdur Rashid Lane, Noyabazar, Dhaka, Bangladesh.

Dhaka Office
96, French Road, Bangshal, Dhaka, Bangladesh

Factory

4 Charpatherghata, Karnafully,Chittagong, Bangladesh.

4 Kalarpool, Shikalbaha, Patiya, Chittagong, Bangladesh.

4 Isanagar, Karnafully, Chittagong, Bangladesh.

4 Sonarpara, JaliaPalong, Ukhiya, Cox,sbazar, Bangladesh.

4 Kazi Para, Uttar Rupshi, Rupgonj, Narayanmgonj, Bangladesh.

Factory Telephone No

N/A

Factory Fax No

N/A

Warehouse

4 Charpatherghata, Karnafully,Chittagong, Bangladesh.

4 Kalarpool, Shikalbaha, Patiya, Chittagong, Bangladesh.

4 Isanagar, Karnafully, Chittagong, Bangladesh.

4 Sonarpara, JaliaPalong, Ukhiya, Cox,sbazar, Bangladesh.

4 Kazi Para, Uttar Rupshi, Rupgonj, Narayanmgonj, Bangladesh.

 

 

DIRECTORS

 

Name

Mr. Alhaj Md. Saiful Alam Masud

Designation

Chairman & Managing Director

Nationality

Bangladeshi

 

 

Name

Mr. Alhaj Md. Abdus Samad Labu

Designation

Vice Chairman & Director (Finance)

Nationality

Bangladeshi

 

 

Name

Mr. Md. Morshedul Alam

Designation

Director (Marketing)

Nationality

Bangladeshi

 

 

Name

Mr. Md. Rashedul Alam

Designation

Director (Administration)

Nationality

Bangladeshi

 

 

Name

Mr. Md. Shahidul Alam

Designation

Director (Technical)

Nationality

Bangladeshi

 

 

Name

Mr. Md. Osman Ghani

Designation

Director (Transport Division)

Nationality

Bangladeshi

 

 

Name

Mr. Md. Abdullah Hasan

Designation

Director (Commercial)

Nationality

Bangladeshi

 

BUSINESS DETAILS

 

Line of Business

Manufacturer, Exporter & Seller

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

First Security Islami Bank Limited

Branch

Agrabad Branch

Address

Agrabad C/A, Chittagong 

SWIFT

N/A

 

 

FINANCIAL INFORMATION

 

Year

2010

2009

 

2008

Investment

Tk.7 billion

Tk.6 billion

Tk.5.6 billion

Turnover

Tk.10.3 billion

Tk.9 billion

Tk.8.5 billion

Liability

Tk.14.8 million

Tk.16.5 million

Tk.17 million

Assets

Tk.14 billion

Tk.12 billion

Tk.12 billion

 

 

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

128.1970

U.S Dollar

1

81.8000

European Euro

1

106.5772

 

 

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

 

 

MAXIMUM RECOMMENDED CREDIT

 

Amount

Based On

US$ 60,000.00

90 Days

 

 

GENERAL INFORMATION

 

Employees

15,000

Office Area (Sq. Ft)

5,000 sq.ft (rented)

Factory Area (Sq. Ft)

110,000 Sqf (rented)

Warehouse Area (Sq. Ft)

32,500  sq.ft.(own)

Range of Products & Services

4 C.I Sheets

4 Color coated Iron sheet

4 Cement

4 Vegetable oil

4 C.R Coil

4 Soya Seed extraction

4 Public Transport

4 Gas Refueling Station

4 P.P Woven Bags

4 Shrimp Hatchery

4 Refined Sugar

4 Agro Farms

4 Natural Gas

4 Heavy Oil

4 Furnace Oil

4 Other Based Power Generation Plant

4 Real Estate

4 Hotels & Resorts

4 Import And Trading of Commercial Items

4 Storage Service of Crude Oils

Major Clients  

4 Local Buyers 

4 Foreign Buyers 

Certification

NIL

Group Companies

4 S. Alam Soyaseed Extraction Plant Ltd.

4 S. Alam Vegetable Oil Limited.

4 S. Alam Super Edible Oil Limited.

4 S. Alam Refined Sugar Industries Ltd.

4 S. Alam Refined Suger Industries Ltd. (Unit-2)

4 S. Alam Tank Terminal Ltd.

4 S. Alam Cement Ltd.

4 Portman Cements Ltd.

4 S. Alam Steels Ltd.

4 S. Alam Cold Rolled Steels Ltd.

4 S. Alam Cold Rolled Steels Limited (NOF)

4 Galco Steels (BD) Ltd.

4 Galco Steel (BD) Ltd. (Unit-2)

4 Chemon Ispat Ltd.

4 Karnaphuli Prakritik Gas Co. Ltd.

4 Shah Amanat Prakritik Gas Co. Ltd.

4 S. Alam Power Plant Ltd.

4 S. Alam Power Plant ltd. (Unit-2)

4 S. Alam Power Genaration Ltd.

4 S. Alam Luxury Chair Coach Services Ltd.

4 Bering Sea Lines

4 S. Alam Bag Manufacturing Mills Ltd.

4 S. Alam Properties Ltd.

4 Hasan Abason (Pvt.) Ltd.

4 Modern Properties Ltd.

4 Ocean Resorts Ltd.

4 Prasad Paradise Ltd.

4 Marine Empire Ltd.

4 S. Alam Hatchery Ltd.

4 Fatehabad Farm Ltd.

4 S. Alam Brothers Ltd.

4 S. Alam Trading Co. (Pvt.) Ltd.

4 S. Alam & Company

4 Sonali Cargo Logistics (Pvt.) Ltd.

4 Sonali Traders

4 Global Trading Cor. Ltd.

Member

4 Chittagong Chamber of Commerce & Industry, Chittagong

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.31

UK Pound

1

Rs.79.04

Euro

1

Rs.65.82

 

 

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.