|
Report Date : |
18.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
A. ALAM ENGINEERS AND CONSTRUCTION LIMITED |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
18.10.2009 |
|
|
|
|
Com. Reg. No.: |
C-83282 |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Construction Firm, Importing
& Distributing |
|
|
|
|
No. of Employees : |
11 |
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 |
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 Given |
A
Alam Engineers and Construction Ltd |
|
Address Given |
743,
Sat Masjid Road, Dhanmondi, Dhaka, Bangladesh |
|
Tel No Given |
NIL |
|
Fax No Given |
NIL |
|
E-Mail
Given: |
NIL |
|
Name |
A.
Alam Engineers and Construction Limited |
|
Address |
743
Satmasjid Road, Dhanmondi, Dhaka |
|
Country |
Bangladesh |
|
Telephone No |
880-2-9131097,
9102158, 01819-225 077 |
|
Fax
No |
880-2-9131213 |
|
E-Mail |
|
|
Website |
NIL |
|
Established |
2009 |
|
Company Registration No |
C-83282 |
|
Registration date |
18th October 2009 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of joint Stock Companies &
Firms, Dhaka |
|
Business Type |
Construction Firm, Importer & Distributor |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
|
Head Office |
743
Satmasjid Road, Dhanmondi, Dhaka |
|
Telephone No |
880-2-9131097,
9102158, 01819-225 077 |
|
Fax
No |
880-2-9131213 |
|
E-Mail |
|
|
Website |
NIL |
|
Branch |
NIL |
|
Factory |
N/A |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
743
Satmasjid Road, Dhanmondi, Dhaka |
|
Name |
Mr.
Akhtarul Alam Chowdhury |
|
Designation |
Chairman & Managing Directors |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr.
S. Alam Chowdhury |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Ashrafull Akhtarul Alam |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mrs. Aysha Akhtarul Alam |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
Name |
Mr.
Akhtarul Alam Chowdhury |
|
Share Percent |
60% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr.
S. Alam Chowdhury |
|
Share Percent |
40% |
|
Nationality |
Bangladeshi |
|
Line
of Business |
Construction Firm, Importing & Distributing |
|
Items Dealing In |
Building
Construction, Adhesive and PU Foam |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms
of Sale |
Local: Cash or credit |
|
Name |
Southeast
Bank Limited / Dutch Bangladesh Bank |
|
Branch |
Dhanmondi
Branch, |
|
Address |
Dhanmondi, Dhaka |
|
SWIFT |
N/A |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.21 million |
Tk.20 million |
Tk.20 million |
|
Turnover |
Tk.212 million |
Tk.210 million |
One year not completed |
|
Liability |
Tk.1 million |
Tk.2 million |
Tk.3.5 million |
|
Assets |
Tk.30 million |
Tk.28 million |
Tk.28 million |
|
Authorized
Capital |
Tk.20 million |
|
Paid
Up Capital |
Tk.250,000.00 |
|
Each
Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
131.5657 |
|
U.S Dollar |
1 |
81.8500 |
|
European Euro |
1 |
105.2345 |
|
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 |
11 |
|
Office
Area (Sq. Ft) |
2,100 sq.ft (own) |
|
Factory
Area (Sq. Ft) |
N/A |
|
Warehouse
Area (Sq. Ft) |
4,000 sq.ft.(own) |
|
Range
of Services |
4 Building Construction 4 Adhesive and PU Foam |
|
Major
Clients |
4 Government Department 4 Private Individual |
|
Major
Foreign Principal |
4 Soudal NV, Belgium |
|
Certifications |
NIL |
|
Group
Name |
NIL |
|
Subsidiaries
/ Affiliates |
NIL |
|
Member |
4 Dhaka Chamber of Commerce & Industries,
Dhaka |
|
Business
Scale |
Medium |
|
Business
Trend |
Growing |
|
Management
Capability |
Good |
|
Reputation |
Good |
|
Name
|
Mr. Ashrafull |
|
Designation
|
MD |
|
Tel
No.: |
01811003333 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.97 |
|
|
1 |
Rs.87.52 |
|
Euro |
1 |
Rs.70.84 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
|
Calling |
SBA |
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.