|
Report Date : |
24.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
ECO TECHNOLOGIES LIMITED |
|
|
|
|
Registered Office : |
150 Shanti Nagar (1st Floor), Dhaka 1217 |
|
|
|
|
Country : |
Bangladesh |
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|
|
|
Date of Incorporation : |
01.07.2002 |
|
|
|
|
Com. Reg. No.: |
C-46239 |
|
|
|
|
Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
Manufacturer, Importer & Seller of Paper
Products, Electrical Solution & Construction |
|
|
|
|
No. of Employees : |
560 |
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
In real terms Bangladesh's
economy has grown 5.8% 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 |
Eco Technologies Limited |
|
Address*
|
150 Shanti Nagar
(1st Floor), Dhaka 1217 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-8361704,
8311223 |
|
Fax No |
880-2-8361869 |
|
E-Mail |
|
|
Website |
|
|
Established |
2002 |
|
Company Registration No |
C-46239 |
|
Registration date |
1st July 2002 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of
Joint Stock Companies, Dhaka |
|
Business Type |
Manufacturer, Importer & Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have
been heard regarding payments from local suppliers or banks. |
|
Head Office |
150 Shanti Nagar
(1st Floor), Dhaka 1217, Bangladesh |
|
Telephone No |
880-2-8361704,
8311223 |
|
Fax No |
880-2-8361869 |
|
E-Mail |
|
|
Website |
|
|
Branch |
NIL |
|
Factory |
150 Shanti Nagar
(1st Floor), Dhaka 1217, Bangladesh |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
150 Shanti Nagar
(1st Floor), Dhaka 1217, Bangladesh |
|
Name |
Mr. M. Shantonu Islam |
|
Designation |
Chairman & Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. M. Kamal Uddin |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
Name |
Mr. M. Shantonu Islam |
|
Share Percent |
60% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. M. Kamal Uddin |
|
Share Percent |
40% |
|
Nationality |
Bangladeshi |
|
Line of Business |
Manufacturer, Importer & Seller |
|
Items Dealing In |
Paper Products, Electrical Solution & Construction |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of
Purchase |
Local: Cash or Credit |
|
Name |
Agrani Bank Ltd |
|
Branch |
Purana Paltan Branch |
|
Address |
Purana Paltan, Dhaka |
|
SWIFT |
N/A |
|
|
|
|
Name |
Janata Bank Ltd |
|
Branch |
Motijheel Branch |
|
Address |
Motijheel C/A, Dhaka |
|
SWIFT |
N/A |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.43 million |
Tk.42 million |
Tk.42 million |
|
Turnover |
Tk.326.9 million |
Tk.326.3 million |
Tk.325.8 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.47 million |
Tk.47 million |
Tk.47 million |
|
Authorized
Capital |
Tk.10 million |
|
Paid Up Capital |
Tk.1 million |
|
Each Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
119.2083 |
|
U.S Dollar |
1 |
77.9700 |
|
European Euro |
1 |
101.8600 |
|
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 |
560 |
|
Office Area (Sq.
Ft) |
1,400 (rented) |
|
Factory Area
(Sq. Ft) |
35,600 (rented) |
|
Warehouse Area
(Sq. Ft) |
12,400 (rented) |
|
Range of
Products |
Paper Products: 4 Food grade
single and double coated paper Cup 4 Food grade
single and double coated paper Glass 4 Food grade Disposable
paper Plate 4 Food grade
Disposable paper Food Box and Tray Electrical
Solutions: 4 Wiring Accessories 4 Protection Accessories 4 Control Accessories 4 Substation Equipment 4 Lighting Solution 4 High Voltage Accessories 4 Medium Voltage Accessories 4 Power Factor Improvement Accessories Construction: 4 Construction Chemicals 4 Construction of Building |
|
Major Clients |
Paper Products: 4 NEEDS
DEPARTMENTAL STORE (Industry) 4 SPORTS ZONE
(Industry) 4 MOVE N PICK
(Industry) 4 BRTA (Real
State) 4 Bashundhara
(Real State) 4 KK (Real State)
Electrical: 4 Soptok ( Real
State) |
|
Import From |
4 China 4 India 4 EEC Countries |
|
Certifications |
NIL |
|
Group Name |
NIL |
|
Subsidiaries /
Affiliates |
4 AMC Sweaters
Limited 4 Kamal Motors
Limited |
|
Member |
4 Dhaka Chamber
of Commerce & Industry, Dhaka |
|
Business Scale |
Fairly Large |
|
Business Trend |
Growing |
|
Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.30 |
|
UK Pound |
1 |
Rs.82.88 |
|
Euro |
1 |
Rs.70.80 |
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.