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Report Date : |
04.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
UTTARA MOTORS CORPORATION LIMITED |
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Registered Office : |
39, Dilkusha Commercial Area, Dhaka-1000 |
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Country : |
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Financials (as on) : |
2011 |
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Date of Incorporation : |
18.06.1980 |
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Com. Reg. No.: |
4-R373 |
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Legal Form : |
Private Limited |
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Line of Business : |
Manufacturing & Assembling of Motor Vehicles |
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No. of Employees : |
1,200 |
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 |
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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 30, 2011
|
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 |
|
Name |
Uttara Motors
Corporation Limited |
|
Address |
Plot No.A-6, A-7 BSCIC Industrial Area, Bogra |
|
Country |
Bangladesh |
|
Telephone No |
880-51-72547, 66360 |
|
Fax No |
880-2-8170712 |
|
E-Mail |
info@uml-bd.net |
|
Website |
|
|
Established |
1980 |
|
Company Registration No |
4-R373 |
|
Registration date |
18th June 1980
|
|
Legal Status |
Private Limited |
|
Issuing Authority |
The
Registrar of Joint Stock Companies & Firms, Rajshahi |
|
Business Type |
Manufacturer
& Assembler |
|
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 |
|
Telephone No |
880-2-8170902-7 |
|
Fax No |
880-2-8170712 |
|
E-Mail |
info@uml-bd.net |
|
Website |
|
|
Registered Address |
39, Dilkusha Commercial Area, Dhaka-1000 |
|
Branch |
4 Dhaka 4 Chittagong 4 Noakhali 4 Cox’s Bazaar 4 Barishal 4 Khulna 4 Jessore 4 Pabna 4 Rajshahi 4 Bogra 4 Mymensingh 4 B Baria 4 Sylhet 4 Rangpur 4 Dinajpur |
|
Factory |
Plot No.A-6, A-7
BSCIC Industrial Area, Bogra |
|
Factory Tel No |
880-51-72547, 66360 |
|
Factory Fax No |
NIL |
|
Warehouse |
Plot No.A-6, A-7
BSCIC Industrial Area, Bogra |
|
Name |
Mr. Matiur Rahman |
|
Designation |
Chairman &
Managing Director |
|
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 |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. A. T. K.M Ismail |
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Designation |
Director |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. S.A. Humayan Kabir |
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Designation |
Director |
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Nationality |
Bangladeshi |
|
Name |
Mr. Matiur Rahman |
|
Share Percent |
35% |
|
Country |
Bangladeshi |
|
|
|
|
Name |
Mr. Durand Mehdadur Rahman |
|
Share Percent |
15% |
|
Country |
Bangladeshi |
|
|
|
|
Name |
Mr. A.B.M Humayun Kabir |
|
Share Percent |
15% |
|
Country |
Bangladeshi |
|
|
|
|
Name |
Mr. Mir Mohammed Hossain |
|
Share Percent |
15% |
|
Country |
Bangladeshi |
|
|
|
|
Name |
Mr. A. T. K.M Ismail |
|
Share Percent |
10% |
|
Country |
Bangladeshi |
|
|
|
|
Name |
Mr. S.A. Humayan Kabir |
|
Share Percent |
10% |
|
Country |
Bangladeshi |
|
Line of Business |
Manufacturing
& Assembling |
|
Items Dealing In |
Motor Vehicles |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of
Purchase |
Local: Cash or Credit |
|
Name |
IFIC Bank
Limited |
|
Branch |
Dilkusha Branch |
|
Address |
Dilkusha Commercial Area, Dhaka |
|
SWIFT |
N/A |
|
|
|
|
Name |
Standard
Chartered Bank |
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Branch |
Dilkusha Branch |
|
Address |
Dilkusha Commercial Area, Dhaka |
|
SWIFT |
N/A |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.72 million |
Tk.70 million |
Tk.70 million |
|
Turnover |
Tk.465 million |
Tk.462.7 million |
Tk.462 million |
|
Liability |
Tk.12 million |
Tk.14.6 million |
Tk.15 million |
|
Assets |
Tk.90 million |
Tk.88 million |
Tk.88 million |
|
Authorized
Capital |
Tk.50 million |
|
Paid Up Capital |
Tk.3 million |
|
Each Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
132.7026 |
|
U.S Dollar |
1 |
81.9000 |
|
European Euro |
1 |
107.7722 |
|
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 |
|
Employees |
1,200 |
|
Office Area (Sq.
Ft) |
2,900 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
1.2 acres of land (rented) |
|
Warehouse Area
(Sq. Ft) |
10,500 sq.ft (rented) |
|
Range of
Products |
4 Motorcycles |
|
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, Pakistan 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 |
|
Subsidiaries /
Affiliates |
4 Uttara
Automobile Manufacturers 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 |
|
Business Scale |
Large |
|
Business Trend |
Growing |
|
Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.23 |
|
|
1 |
Rs.86.14 |
|
Euro |
1 |
Rs.69.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.