|
Report Date : |
03.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
DESHBANDHU SUGAR MILLS LIMITED |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
1932 |
|
|
|
|
Com. Reg. No.: |
C-45560 |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Refining,
Selling & Exporting of Sugar |
|
|
|
|
No. of Employees : |
803 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Bangladesh |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
BANGLADESH - ECONOMIC OVERVIEW
The economy has grown 5-6% per year since 1996
despite political instability, poor infrastructure, corruption, insufficient
power supplies, and slow implementation of economic reforms. Bangladesh remains
a poor, overpopulated, and inefficiently-governed nation. Although more than
half of GDP is generated through the service sector, 45% of Bangladeshis are
employed in the agriculture sector with rice as the single-most-important
product. Bangladesh's growth was resilient during the 2008-09 global financial
crisis and recession. Garment exports, totaling $12.3 billion in FY09 and
remittances from overseas Bangladeshis, totaling $11 billion in FY10, accounted
for almost 12% of GDP
|
Source
: CIA |
|
Name |
Deshbandhu Sugar Mills Limited |
|
Address |
Mostafa Center, House No.59, Road No.27, Block-K, Banani,
Dhaka-1213 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-8810910,
8816731 |
|
Fax
No |
880-2-9891456 |
|
E-Mail |
|
|
Website |
|
|
Established |
1932 (As Proprietorship Company) |
|
Company Registration No |
C-45560 |
|
Registration date |
17th
April 2002 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of Joint Stock Companies & Firms , Dhaka |
|
Business Type |
Refining, Selling &
Exporting |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local suppliers or banks. |
|
Head Office |
Mostafa Center, House No.59, Road No.27, Block-K, Banani,
Dhaka-1213 |
|
Telephone No |
880-2-8810910,
8816731 |
|
Fax
No |
880-2-9891456 |
|
E-Mail |
info@deshbandhugroup.com.bd |
|
Website |
www.deshbandhugroup.com.bd |
|
Sales Office |
BCIC Bhaban (16th Floor), 30-31 Dilkusha C/A, Dhaka 1000,
Bangladesh |
|
Factory |
Kawadi, Charshindur, Narshingdi, Bangladesh |
|
Factory Telephone No |
NIL |
|
Factory Fax No |
NIL |
|
Warehouse |
Kawadi, Charshindur, Narshingdi, Bangladesh |
|
Name |
Mr. Golam Mostafa |
|
Designation |
Chairman |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr.
Golam Rahman |
|
Designation |
Managing
Director |
|
Nationality |
Bangladeshi |
|
Name |
Mr. Golam Mostafa |
|
Share Percent |
50% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr.
Golam Rahman |
|
Share Percent |
50% |
|
Nationality |
Bangladeshi |
|
Line
of Business |
Refining, Selling &
Exporting |
|
Items Dealing In |
Sugar |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms
of Sale |
Local: Cash or Credit Export: Against L/C |
|
Name |
Southeast
Bank Ltd |
|
Branch |
Banani
Branch |
|
Address |
Banani, Dhaka |
|
SWIFT |
N/A |
|
|
|
|
Name |
Dhaka
Bank Ltd |
|
Branch |
Banani
Branch |
|
Address |
Banani, Dhaka |
|
SWIFT |
N/A |
|
|
|
|
Name |
Habib
Bank Ltd |
|
Branch |
Banani
Branch |
|
Address |
Banani, Dhaka |
|
SWIFT |
N/A |
|
|
|
|
Name |
Bank
Asia Ltd |
|
Branch |
Dilkusha
Branch |
|
Address |
Dilkusha C/A, Dhaka |
|
SWIFT |
N/A |
|
|
|
|
Name |
Mercantile
Bank Ltd. |
|
Branch |
Dilkusha
Branch |
|
Address |
Dilkusha C/A, Dhaka |
|
SWIFT |
N/A |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.42 million |
Tk.40 million |
Tk.40 million |
|
Turnover |
Tk.380 million |
Tk.378.7 million |
Tk.378 million |
|
Liability |
Tk.12 million |
Tk.14.3 million |
Tk.15 million |
|
Assets |
Tk.60 million |
Tk.58 million |
Tk.58 million |
|
Authorized
Capital |
Tk.1500 million |
|
Paid
Up Capital |
Tk.500 million |
|
Each
Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
131.4514 |
|
U.S Dollar |
1 |
81.5000 |
|
European Euro |
1 |
105.0290 |
|
Dishonored
Checks |
No Found |
|
Debt |
No Found |
|
Litigation |
No Records Found |
|
Performance
Defaults |
No Records Found |
|
Adverse
Press Coverage |
No Records Found |
|
Money
Laundering |
No Records Found |
|
Employees |
803 |
|
Office
Area (Sq. Ft) |
3,200 sq.ft (rented) |
|
Factory
Area (Sq. Ft) |
45,000 Sqf (own) |
|
Warehouse
Area (Sq. Ft) |
6,800 sq.ft.(own) |
|
Range
of Products |
4 Refined Sugar |
|
Export
Market |
4 France |
|
Certification
|
4 ISO
9001:2000 |
|
Group
Name |
4 Deshbandhu Group |
|
Group
Companies |
4 Deshbandhu Polymer Limited 4 Deshbandhu Cement Mills Limited 4 Southeast Sweaters Limited 4 Deshbandhu Distilleries Limited
4 Sahera Auto Rice Mills Limited 4 GM Shipping Limited 4 Rapa Plaza 4 Moru Trade 4 Commodities Trading Company 4 Fertilizer Marketing
Corporation 4 M. R. Trading 4 G. M. Properties 4 Deshbandhu Power Plant 4 Deshbandhu Sugar Exports 4 MTI Solution 4 Multi Trade International |
|
Member |
4
Dhaka Chamber of Commerce & Industry, Dhaka 4
Refined Sugar Association, London |
|
Business
Scale |
Fairly Large |
|
Business
Trend |
Growing |
|
Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.78 |
|
|
1 |
Rs.85.16 |
|
Euro |
1 |
Rs.67.78 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
|
Calling |
PJA |
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.