MIRA INFORM REPORT
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Report Date : |
24.03.2012 |
IDENTIFICATION DETAILS
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Name : |
PHP COLD ROLLING MILLS LIMITED |
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Registered Office : |
PHP House, 31, Agrabad C/A, |
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Country : |
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Date of Incorporation : |
05.06.1999 |
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Com. Reg. No.: |
CH-33516 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Manufacturing, Selling & Exporting of Steel Products |
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No. of Employees
: |
700 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$ 26,000.00 |
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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) |
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Bangladesh |
b1 |
b1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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Name |
PHP Cold Rolling
Mills Limited |
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Address |
PHP House, 31,
Agrabad C/A, Chittagong - 4100 |
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Country |
Bangladesh |
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Telephone No |
880-31-2511037-
41 |
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Fax No |
880-31- 726982 |
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E-Mail |
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Website |
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Established |
1999 |
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Company Registration No |
CH-33516 |
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Registration date |
5th June 1999 |
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Legal Status |
Private Limited |
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Issuing Authority |
The Registrar of joint Stock Companies & Firms, Chittagong |
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Business Type |
Manufacturer |
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Status |
Satisfactory |
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Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
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Head Office |
PHP House, 31,
Agrabad C/A, Chittagong – 4100 Location : Owned
, Area: 2800 Sq.fts |
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Telephone No |
880-31-2511037-
41 |
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Fax No |
880-31- 726982 |
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E-Mail |
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Website |
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Branch |
NIL |
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Factory |
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Factory Telephone No |
N/A |
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Factory Fax No |
N/A |
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Warehouse |
Bara Kumira,
Shitakund, Chittagong |
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Name |
Mr. Mohamed
Mizanur Rahman Chowdhury |
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Designation |
Chairman |
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Nationality |
Bangladeshi |
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Name |
Mr. Mohammed
Iqbal Hossain Chowdhury |
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Designation |
Managing
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Mohammed Mohsin Chowdhury |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mrs. Tahmina
Rahman Chowdhury |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Mohammed
Anowarul Haque Chowdhury |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Mohammed Ali
Hossain Chowdhury |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Mohammed
Amir Hossain Chowdhury |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Mohammed
Zahirul Islam Chowdhury |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Mohammed
Akther Parvez Chowdhury |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Line of Business |
Manufacturing, Selling & Exporting |
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Items Dealing In |
Steel Products |
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Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
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Terms of Sale |
Local: Cash or credit Export: Cash or Credit |
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Name |
Standard
Chartered Bank |
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Branch |
Agrabad Branch |
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Address |
Agabad Comercial Area, Chittagong |
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SWIFT |
N/A |
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Name |
Bank Asia
Limited |
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Branch |
Agrabad Branch |
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Address |
Agabad Comercial Area, Chittagong |
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SWIFT |
N/A |
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Particulars
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2010-2011 |
2011-2012 |
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Sales Turnover |
100 Tk. Millions
|
150 Tk. Millions
|
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Authorized
Capital |
Tk.80 million |
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Paid Up Capital |
Tk.2 million |
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Each Share Value |
Tk.100.00 |
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Currency |
Unit |
Bangladeshi Taka (BDT) |
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Great Britain Pound |
1 |
130.0375 |
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U.S Dollar |
1 |
81.8000 |
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European Euro |
1 |
108.3277 |
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Dishonored
Checks |
No Found |
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Debt |
No Records Found |
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Litigation |
No Records Found |
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Performance
Defaults |
No Records Found |
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Adverse Press
Coverage |
No Records Found |
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Money Laundering |
No Records Found |
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Amount |
Based On |
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US$ 26,000.00 |
90 Days |
Information Parted
By:
Name : Mr. Ershad
Designation : Finance manager
Mobile No. : 008801914326683
Date : 20.03.2012
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Employees |
700 |
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Office Area (Sq.
Ft) |
2,800 sq.ft (own) |
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Factory Area
(Sq. Ft) |
3 acres of land (own) |
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Warehouse Area
(Sq. Ft) |
12,000 sq.ft.(own) |
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Range of Products |
4 CR Coil / Sheets |
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Export Market |
4 India 4 China 4
Pakistan 4
Thailand |
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Certifications |
NIL |
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Auditor |
MRH Dey & Company Chartered Accountants |
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Group Name |
4 PHP Group |
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Customer |
Sdama Steel Sairabh Trading |
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Supplier |
Nippon Steel India Hyundai steel |
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Subsidiaries /
Affiliates |
4 PHP Corporation Ltd. 4 R.M. Corporation Limited 4 PHP Float Glass Industries Ltd 4 PHP Steels Ltd. 4 PHP Oxygen Ltd. 4 PHP Continuous Galvanizing Mills
Ltd. 4 PHP Ship Breaking & Recycling
Industries Ltd. 4 PHP Fisheries Limited 4 PHP Latex and Rubber Products
Limited 4 PHP Power Generation Plant Ltd. 4 PHP NOF Continuous Galvanizing
Mills Ltd 4 PHP Power Company Limited 4 PHP Spinning Mills Ltd. 4 PHP Stocks & Securities Ltd 4 PHP Overseas Ltd. 4 PHP Petro Refinery Limited 4 Pelicon Properties Limited 4 PHP Shipping Lines Limited |
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Member |
4 Chittagong Chamber of Commerce
& Industries, Chittagong |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.91 |
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UK Pound |
1 |
Rs.80.77 |
|
Euro |
1 |
Rs.67.40 |
RATING EXPLANATIONS
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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 |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<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.