MIRA INFORM REPORT

 

 

Report Date :

15.05.2012

 

IDENTIFICATION DETAILS

 

Name :

DEEPA FOOD PRODUCTS LIMITED

 

 

Registered Office :

115/7A, Distillery Road, Gandaria, Dhaka-1204

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

23.10.2003

 

 

Com. Reg. No.:

C-50804

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacturer of Consumer Oil

 

 

No. of Employees :

360

 

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

 

 

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 – March 31st, 2012

 

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

 

COMPANY DETAILS

 

Name

Deepa Food Products Limited

Address

115/7A, Distillery Road, Gandaria, Dhaka-1204

Country

Bangladesh

Telephone No

880-2-7444101, 7444104, 7440527, 7441537, 7450275

Fax No

880-2- 7441006

E-Mail

corporate@citygroupbd.com

Website

www.citygroupbd.com

Established

October 2003

Commercial Production From

April 2004

Company Registration No

C-50804

Registration date

23rd October 2003    

Legal Status

Private Limited

Issuing Authority

The Registrar of Joint Stock Companies & Firms, Dhaka

Business Type

Manufacturer

Status

Satisfactory

Payment Behavior

No complaints have been heard regarding payments 

from local suppliers or banks.

 

 

LOCATIONS

 

Head Office

115/7A, Distillery Road, Gandaria, Dhaka-1204

Location : Owned

Telephone No

880-2-7444101, 7444104, 7440527, 7441537, 7450275, 744052

Fax No

880-2- 7441006

E-Mail

corporate@citygroupbd.com

Website

www.citygroupbd.com 

Branch

NIL

Factory

Uttar Rupshi, Rupganj, Narayangonj

Factory Tel No

N/A

Factory Fax No

N/A

Warehouse

Uttar Rupshi, Rupganj, Narayangonj

 

DIRECTORS

 

Name

Mr. Fazlur Rahman

Designation

Chairman & Managing Director

Nationality

Bangladeshi

 

 

Name

Mrs. Hamida Rahman

Designation

Director

Nationality

Bangladeshi

 

 

SHAREHOLDERS

 

Name

Mr. Fazlur Rahman

Share Percent

60%

Nationality

Bangladeshi

 

 

Name

Mrs. Hamida Rahman

Share Percent

40%

Nationality

Bangladeshi

 

 

BUSINESS DETAILS

 

Line of Business

Manufacturer

Items Dealing In

Consumer Oil

Terms of Purchase

Import: Against L/C

Local: Cash or Credit

Terms of Sale

Local: Cash or Credit

Importers of

Product : Palm Oil, Chemical

Country : Brazil, Argentina, Indonesia, Malaysia , China

 

 

BANKERS

 

Name 1

The Premier Bank Ltd

Branch

Dilkusha Branch

Address

44, Dilkusha C/A, Dhaka-1000

SWIFT

PRMRBDDHDIL

 

Name 2

HSBC Bank

 

Name 3

Standard Chartered Bank

 

Information Parted By:

 

Name               : Mr. Serajul Haque

Designation     : Import Department

Mobile No.       : 0880-7441537

Date                 : 10.05.2012

 

 

 

FINANCIAL INFORMATION

 

Year

2011

2010

 

2009

Investment

Tk.45 million

Tk.43 million

Tk.43 million

Turnover

Tk.364 million

Tk.362.5 million

Tk.362 million

Liability

Tk.5.3 million

Tk.6.6 million

Tk.7 million

Assets

Tk.50 million

Tk.48 million

Tk.48 million

 

 

CAPITAL STRUCTURE

 

Authorized Capital

Tk.40 million

Paid Up Capital

Tk.250,000.00 

Each Share Value

Tk.100.00

 

 

CURRENCY EXCHANGE RATE

 

Currency

Unit

Bangladeshi Taka (BDT)

 

Great Britain Pound

1

132.3176

U.S Dollar

1

81.9000

European Euro

1

106.5437

 

 

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

 

 

 

GENERAL INFORMATION

 

Employees

360

Office Area (Sq. Ft)

2,500 sq.ft (own)

Factory Area (Sq. Ft)

38,000 sq.ft (own)

Warehouse Area (Sq. Ft)

6,000 sq.ft.(own)

Range of Products

4 Refined Soyabean Oil

4 Refined Palm Olein

Brand Name

4 Teer

4 Sun

Major Clients

4 Local Consumers

Certifications

NIL

Group Name

City Group of Industries

Subsidiaries / Affiliates

4 City Oil Mills

4 City Rerolling Mills

4 City Vegetable Oil Mills Ltd

4 City Fibers Ltd

4 Hasan Plastic Industries Ltd

4 Hasan Flour Mills Ltd

4 Hasan Printing & Packaging Industries Ltd

4 Hasan Containers Ltd

4 Shampa Oil Mills Ltd

4 Farzana Oil Refineries Ltd

4 Grainmark

4 Rahman Synthetics Ltd         

4 City PET Industries Ltd                     

4 VOTT Oil Refineries Ltd         

4 City Hair Oil Limited              

4 City Feed Products Ltd

4 City Seed Crushing Industries Ltd

4 City Salt Industries Ltd

4 City Sugar Industries Ltd

Member

4 Dhaka Chamber of Commerce & Industries, Dhaka

 

 

BUSINESS TREND & PROSPECT

 

Business Scale           

Large

Business Trend

Growing

Management Capability

Good

Reputation

Good

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.71

UK Pound

1

Rs.86.34

Euro

1

Rs.69.23

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.