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Report Date : |
11.02.2013 |
IDENTIFICATION DETAILS
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Name : |
SAIF POWERTEC LIMITED |
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Formerly Known As : |
SAIF POWERTEC CORPORATION |
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Registered Office : |
72, Mohakhali C/A, (8th Floor), Rupayan Center, Dhaka-1212 |
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Country : |
Bangladesh |
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Date of Incorporation : |
05.05.2003 |
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Com. Reg. No.: |
C-51420 |
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Legal Form : |
Private Limited |
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Line of Business : |
Importer, Seller & Service Provider of Various Items &
Services |
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No. of Employees : |
35 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 – 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 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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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 |
SAIF POWERTEC LIMITED |
|
Former Name |
SAIF POWERTEC CORPORATION |
|
Address |
72, Mohakhali C/A, (8th Floor), Rupayan Center, Dhaka-1212 |
|
Country |
Bangladesh |
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Telephone No |
880-2-9856358, 9854423, 9856359, 8857902, 9891562, 9891592 |
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Fax No |
880-2-9855949 |
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E-Mail |
info@saifpowertecltd.com |
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Website |
www.saifpowertecltd.com |
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Established |
2003 |
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Company Registration No |
C-51420 |
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Registration date |
5th May 2003 |
|
Legal Status |
Private Limited |
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Issuing Authority |
The Registrar of Joint Stock Companies & Firms, Dhaka |
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Business Type |
Importer, Seller & Service Provider |
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Status |
Satisfactory |
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Payment Behavior |
No complaints have been heard regarding payments from local suppliers or banks. |
|
Head Office |
72, Mohakhali C/A, (8th Floor), Rupayan Center, Dhaka-1212 |
|
Telephone No |
880-2-9856358, 9854423, 9856359, 8857902, 9891562, 9891592 |
|
Fax No |
880-2-9855949 |
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E-Mail |
info@saifpowertecltd.com |
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Website |
www.saifpowertecltd.com |
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Branch |
CHITTAGONG OFFICE |
|
Factory |
N/A |
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Factory Tel No |
NIL |
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Factory Fax No |
NIL |
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Warehouse |
NIL |
|
Name |
Mr. Tarafdar Md. Ruhul Amin |
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Designation |
Chairman & Managing Director |
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Nationality |
Bangladeshi |
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|
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|
Name |
Mr. Saif Tarafder |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Tarafdar Md. Ruhul Amin |
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Share Percentage |
60% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Saif Tarafder |
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Share Percentage |
40% |
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Nationality |
Bangladeshi |
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Line of Business |
Importer, Seller & Service Provider |
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Items Dealing In |
Various Items & Services |
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Terms of
Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
|
Name |
Prime Bank Limited |
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Branch |
Mohakhali Branch |
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Address |
Mohakhali, Dhaka |
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SWIFT |
N/A |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.25 million |
Tk.23 million |
Tk.23 million |
|
Turnover |
Tk.215 million |
Tk.213.6 million |
Tk.213 million |
|
Liability |
Tk.4 million |
Tk.5.4 million |
Tk.6 million |
|
Assets |
Tk.32 million |
Tk.30 million |
Tk.30 million |
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Authorized
Capital |
Tk.5 million |
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Paid Up Capital |
Tk.250,000.00 |
|
Each Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka
(BDT) |
|
Great Britain Pound |
1 |
123.8704 |
|
U.S Dollar |
1 |
79.1100 |
|
European Euro |
1 |
106.9488 |
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Dishonored
Checks |
No Found |
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Debt |
No Found |
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Litigation |
No Records Found |
|
Performance
Defaults |
No Records Found |
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Adverse Press
Coverage |
No Records Found |
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Money Laundering |
No Records Found |
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Employees |
35 |
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Office Area (Sq.
Ft) |
2,000 sq.ft (rented) |
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Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
6,500 sq.ft.(rented) |
|
Range of
Products & Services |
4 Generator 4 Construction
Equipments 4 Material
Handling Equipments 4 Solar Products 4 IPS 4 UPS 4 VS 4 Substation
Products 4 Terminal
Operations 4 Container
Handling |
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Major Foreign
Principals |
4 Dossan
Infracore Co. Limited 4 Daewoo Heavy
Industries Limited 4 Mitsubishi
Heavy Industries Limited, Japan 4 Babcock Borsig
Power Service GMBH 4 Karrena Foster
Wheeler 4 Ana Navids 4 Carmanah
Technologies |
|
Enlisted With |
4 Chittagong Port
Authority |
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Certifications |
NIL |
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Group Name |
NIL |
|
Subsidiaries /
Affiliates |
4 Saif Maritime
Limited 4 Saif Plastic
& Polymer Industries Limited |
|
Member |
4 Dhaka Chamber
of Commerce & Industries, Dhaka |
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Business Scale |
Fairly Large |
|
Business Trend |
Growing |
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Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.57 |
|
|
1 |
Rs.84.25 |
|
Euro |
1 |
Rs.71.78 |
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 |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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---- |
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.