MIRA
INFORM REPORT
|
Report Date : |
16.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
GREEN LINE PARIBAHAN |
|
|
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Registered Office : |
9/2, Outer Circular Road, Momen Bagh, Rajarbagh, Dhaka –1217 |
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Country : |
Bangladesh |
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Date of Incorporation : |
1990 |
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|
Legal Form : |
Sole Proprietorships |
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|
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Line of Business : |
Import and Transportation of
Car parts |
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|
|
|
No. of Employees : |
900 |
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 |
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|
|
|
Payment Behaviour : |
No Complaints |
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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 – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 |
EXECUTIVE SUMMARY
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IDENTIFICATION DETAILS |
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|
Correct company Name |
: |
GREEN LINE PARIBAHAN |
|
Registered office |
: |
9/2, Outer Circular Road, Momen Bagh, Rajarbagh, Dhaka –1217,
Bangladesh |
|
Tel No |
: |
88-02-8331302-4, 8353004-5, 9339623, 9342580 |
|
Fax No |
: |
88-02-8350003 |
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E-mail |
: |
Greenline2009@gmail.com |
|
Website |
: |
www.greenlineparibahan.com |
|
Date/ Year of Incorporation |
: |
1990 |
|
Registered No. |
: |
- |
|
Legal Form (General) |
: |
Public Listed Co Public (but not listed) Private Co State-owned Co Sole Proprietorships Partnership Not Registered others (please specify)
________________ |
|
Legal form (Specific) |
: |
LTD CORP INC CO others (please specify)
________________ |
|
Issuing Authority |
: |
Registrar of
Joint Stock Companies & Firms City Corporation Municipal Administration Union Council Cantonment Board Chief Controller of Import & Export (CCIE) |
FINANCIALS- SUMMARY
|
Year |
Turnover/
Sales |
Assets |
Income |
||
|
2011 |
Tk.150 Million |
Tk.40 Million |
Tk.1.5 Million |
||
|
2012 |
Tk.155 Million |
Tk.50 Million |
Tk.1.80 Million |
||
|
Exchange Rate |
USD1-Tk. 77.8200 EUR 1- Tk. 100.2711 GBP 1- Tk.118.5354 AUD 1 - Tk.82.8563 JPY 1 - Tk.0.9286 |
CAD 1 - Tk.80.1887 SEK 1 - Tk.12.2870 SGD 1 - Tk.65.3045 CNH 1 - Tk.12.8399 |
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Sales Trend – Analysis: |
|||||||||
|
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
2010 |
2011 |
2012 |
|
- |
- |
- |
- |
- |
- |
- |
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FULLCHECK REPORT DETAILS
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Information Parted By |
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Name |
: |
Mohammad Abdus Sattar |
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Designation |
: |
General Manager |
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Contract No |
: |
88-01730060010 |
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Locations Details |
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Business Address |
: |
9/2, Outer Circular Road, Momen Bagh, Rajarbagh, Dhaka –1217,
Bangladesh |
|
Tel No |
: |
88-02-8331302-4, 8353004-5, 9339623, 9342580 |
|
E-mail |
: |
Greenline2009@gmail.com |
|
Fax No |
: |
88-02-8350003 |
|
Website |
: |
www.greenlineparibahan.com |
|
Location : |
: Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
8500 |
Sq. ft. |
|
Type of Office :
|
: Commercial Office Bldg. |
Ö |
|
Semi-commercial office Bldg. |
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Retail shop |
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Industrial Park |
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Business Center |
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Home Office |
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Residential Bldg. |
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Workshop: |
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Address |
: |
9/2, Outer Circular Road, Momen Bagh, Rajarbagh, Dhaka –1217,
Bangladesh |
|
Tel No |
: |
88-02-8331302-4, 8353004-5, 9339623, 9342580 |
|
Fax No |
: |
88-02-8331302-4, 8353004-5, 9339623, 9342580 |
|
Owned |
Ö |
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Rented |
|
|
Leased |
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Area |
20,000 |
Sq. ft. |
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Branches: |
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Address |
: |
5/6 Zakir Hossain Road, Dampara, Chittagong, Bangladesh |
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Tel No |
: |
Tel: 88- 031-630551, 031-842994 |
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Fax No |
: |
- |
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Location : |
Owned |
Ö |
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Rented |
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|
Leased |
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Area |
15,000 |
Sq. ft. |
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Employee: |
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No. of
Employees |
In Office |
: |
600 |
Workshop |
: |
300 |
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In Branch: |
: |
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Total |
: |
900 |
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Details: |
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PROPRIETOR/PARTNERS
|
Names of
Proprietor |
: |
Mr. Mohammad Alauddin |
MANAGEMENT
|
Name |
: |
Mohammad Abdus Sattar |
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Nationality |
: |
Bangladesh |
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Job Description |
: |
General manager |
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Other details |
: |
N/A |
BUSINESS OPERATIONS
|
Nature of
Activity : |
Manufacturer |
|
Trader |
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Dealer |
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Transportation |
Ö |
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Exporter |
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Importer |
Ö |
Others |
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Range of
Products/Item Dealings In: |
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Products |
: |
Transportation, Car parts Import
|
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Production
Capacity |
: |
N/A |
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Last Year
Production |
: |
N/A |
Trading Terms:
|
Purchasing
Terms: |
L/C |
Ö |
Cash |
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Others |
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|||
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Credit : |
|
30 days |
|
60 days |
Ö |
90 days |
|
|
days |
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Selling
Terms : |
L/C |
|
Cash |
Ö |
Others |
|
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|||
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|
Credit : |
|
30 days |
|
60 days |
|
90 days |
|
|
days |
DETAILED DATA
|
Trade Reference
& Related Parties |
: |
Overseas Clients |
: |
N/A |
Local Clients |
: |
N/A |
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Overseas Suppliers |
: |
N/A |
Local Suppliers |
: |
N/A |
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Trade Markets |
: |
Exports |
: |
N/A |
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Imports |
: |
China, India |
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Brand Name |
: |
N/A |
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Certified |
: |
N/A |
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Auditors |
: |
N/A |
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Operation Status |
: |
Active |
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Member |
: |
N/A |
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CAPITAL STRUCTURE
|
Capital
Invested |
: |
Tk. 30 Million |
|
Assets |
: |
Tk. 50 Million |
ASSOCIARES/SUBSIDIARIES/ RELATED
PARTIES
|
Sister Concerns |
: |
Sonargaon Motor Works S.M.S. Quality Bus Body Builders Rashid Riverways Pvt. Ltd. SN Engineers Works Rashid River Ways (Pvt.) Ltd. |
|
Subsidiary |
: |
Nil |
|
Name of The Group |
: |
Nil |
BANKING
|
Bank Name |
: |
South East
Bank Ltd. |
|
Bank Address |
: |
Karwan Bazar Branch Pragati - RPR Centre, 20-21, Kawran Bazar
(1st Floor), Dhaka - 1215 Email:hob.kb@sebankbd.com |
|
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||
|
Bank Name |
: |
Al Arafa
Islami Bank Ltd. |
|
Bank Address |
: |
Mouchak Branch 76 D.I.T. Road Malibagh Dhaka 1217 |
|
Bank Name |
: |
Bank Asia
Ltd. |
|
Bank Address |
: |
Scotia Branch 32, Kazi Nazrul Islam Avenue Kawran Bazar Ph: 880-2-8110161, 8125011 |
REPUTATION
The subject company is a no I bus company in Bangladesh. This company
goodwill is well known in Bangladesh.
ADVERSE DATA MONITORING
|
Dishonored Checks |
: |
No Record Found |
|
Debt |
|
No Record Found |
|
Litigation |
: |
Clear |
|
Performance
Defaults |
: |
No Record Found |
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Adverse Local Media
Coverage/ Adverse Filling History |
: |
No Record Found |
SITE VISIT COMMENTARY
Our representative visited the subject company address which we
received. This company office is well furnished & Mr. Mohammad Abdus Sattar-
general manager welcome our representative & given us all information.
GENERAL COMMENTS
Established in 1990, Subject is mainly engaged in Importer&
transportation . Having been in operation for several years, Subject maintains
acceptable business volume.
Based on the financial statements, SC’s financial performance appears to
be Above Average. SC has
been in its line of business forabout 23 years. Talking into account its
long-standing history, reputation in the market, as well as its financial
condition, we recommend that Credit can proceed normally in Moderate amount
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.51 |
|
|
1 |
Rs.94.98 |
|
Euro |
1 |
Rs.81.62 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.