|
Report Date : |
12.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
SQUARE TOILETRIES LIMITED |
|
|
|
|
Registered Office : |
Square Center, 48 Mohakhali C/A, Dhaka-1212 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Year of Establishments: |
1988 |
|
|
|
|
Com. Reg. No.: |
C-5541 |
|
|
|
|
Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
Manufacturer, Seller & Exporter of
Cosmetics & Toiletries |
|
|
|
|
No. of Employees : |
620 |
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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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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 – 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 |
Square Toiletries Limited |
|
Address |
Square Center,
48 Mohakhali C/A, Dhaka-1212, |
|
Country |
Bangladesh |
|
Telephone No |
880-2-8827729-38,
8817729-38 |
|
Fax No |
880-2-8835394 |
|
E-Mail |
|
|
Website |
|
|
Established |
1988 |
|
Company Registration No |
C-5541 |
|
Registration date |
25.02.1994 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of
Joint Stock Companies & Firms, Dhaka |
|
Business Type |
Manufacturer, Seller & Exporter |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
banks. |
|
Head Office |
Square Center,
48 Mohakhali C/A, Dhaka-1212, Bangladesh |
|
Telephone No |
880-2-8827729-38,
8817729-38 |
|
Fax No |
880-2-8835394 |
|
E-Mail |
|
|
Website |
|
|
Branch |
4 Chittagong 4 Sylhet 4 Khulna 4 Bogra 4 Rajshahi |
|
Factory |
4 Rupshi, Narayanganj 4 Salgaria, Pabna |
|
Factory Telephone No |
NIL |
|
Factory Fax No |
NIL |
|
Warehouse |
4 Rupshi, Narayanganj 4 Salgaria, Pabna |
|
Name |
Mr. Samuel S.
Chowdhury |
|
Designation |
Chairman |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Anjan
Chowdhury |
|
Designation |
Managing Director |
|
Nationality |
Bangladeshi |
|
Name |
Mr. Samuel S.
Chowdhury |
|
Share Percent |
40% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Anjan
Chowdhury |
|
Share Percent |
60% |
|
Nationality |
Bangladeshi |
|
Line of Business |
Manufacturer, Seller & Exporter |
|
Items Dealing In |
Cosmetics & Toiletries |
|
Terms of Purchase |
Local: cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: cash or Credit Export: Against L/C |
|
Name |
Agrani Bank Limited |
|
Branch |
Mohakhali Branch |
|
Address |
Mohakhali C/A, Dhaka |
|
SWIFT |
N/A |
|
|
|
|
Name |
IFIC Bank Limited |
|
Branch |
Motijheel Branch |
|
Address |
Motijheel C/A, Dhaka |
|
SWIFT |
N/A |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.88 million |
Tk.87 million |
Tk.87 million |
|
Turnover |
Tk.3.2 billion |
Tk.3 billion |
Tk.2.7 billion |
|
Liability |
Tk.6 million |
Tk.7.4 million |
Tk.8 million |
|
Assets |
Tk.3 billion |
Tk.2 billion |
Tk.2 billion |
|
Authorized
Capital |
Tk.500 million |
|
Paid Up Capital |
Tk.150 million |
|
Each Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
119.6654 |
|
U.S Dollar |
1 |
78.0800 |
|
European Euro |
1 |
102.1989 |
|
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 |
620 |
|
Office Area (Sq.
Ft) |
3,500 Sq.ft (own) |
|
Factory Area
(Sq. Ft) |
1.5 acres of land (own) |
|
Warehouse Area
(Sq. Ft) |
8,400 Sq.Ft. (own) |
|
Range of
Products |
4 Beauty Soap 4 Shampoo 4 Tooth Paste 4 body Spray 4 Washing Powder 4 Washing Ball
Soap 4 Shaving Cream 4 Shaving Lotion 4 After Shave 4 Coconut Oil 4 Hair Care Oil 4 Sanitary Napkin 4 Tooth Powder 4 Dishwashing
Liquid 4 Hand Wash 4 Ketoconazole
Shampoo 4 Air Freshener 4 Insects Killer 4 Toilet Cleaner 4 Attar |
|
Brand Name |
4 Meril 4 Chaka 4 Jui 4 Kool 4 Senora 4 Magic 4 Freshgel 4 White Plus 4 Saaf 4 Zerocal 4 Spring 4 Sepnil 4 Xpel Aerosol 4 Chamak 4 Select Plus 4 Shakti 4 Madina |
|
Export Market |
4 UK 4 Germany 4 Australia 4 Malaysia 4 Myanmar 4 India 4 Bhutan 4 UAE 4 KSA 4 Bahrain 4 Qatar 4 Kuwait 4 Singapore |
|
Number of
Products |
4 50 |
|
Raw Materials
Imported From |
4 England 4 France 4 Holland 4 Switzerland 4 Germany 4 India |
|
Certifications |
4 ISO: 9001 |
|
Group Name |
4 Square Group |
|
Subsidiaries / Affiliates |
4 Square Spinning
Limited 4 Square
Cephalosporin Limited 4 Square Biotechs
Limited 4 Square Textiles
Limited 4 Square Knit
Fabrics Limited 4 Square Fashions
Limited 4 Square
Hospitals Limited 4 Square
Pharmaceuticals Limited 4 Square Consumer
Products Limited 4 Square
Informatix Limited 4 Square Agro
Development & Processing Limited 4 Square Herbal
& Nutraceuticals Limited |
|
Member |
4 Dhaka Chamber
of Commerce & Industry, Dhaka 4 Bangladesh
Cosmetics Manufacturers Associations, Dhaka |
|
Business Scale |
Fairly Large |
|
Business Trend |
Growing |
|
Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.53 |
|
UK Pound |
1 |
Rs.83.59 |
|
Euro |
1 |
Rs.71.33 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.