|
Report Date : |
29.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
HRC TECHNOLOGIES LIMITED |
|
|
|
|
Registered Office : |
26 Shyamoli, Bir Uttam A. W. Chowdhury Road (Mirpur Road), Dhaka-1207 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
24.07.2002 |
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|
|
|
Com. Reg. No.: |
C-37816 |
|
|
|
|
Legal Form : |
Private Limited |
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|
|
|
Line of Business : |
Service Provider of IT Support |
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|
|
|
No. of Employees : |
110 |
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, 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
|
Name |
HRC Technologies Limited |
|
Address |
26
Shyamoli, Bir Uttam A. W. Chowdhury Road (Mirpur Road), Dhaka-1207 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-9131267,
9898387, 9892673 |
|
Fax No |
880-2-8158705 |
|
E-Mail |
|
|
Website |
www.hrctech.net |
|
Established |
2002 |
|
Company Registration No |
C-37816 |
|
Registration date |
24th
July 2002 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of Joint Stock of Companies & Firms, Dhaka |
|
Business Type |
Service Provider |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
|
Head Office |
26
Shyamoli, Bir Uttam A. W., Chowdhury Road (Mirpur Road), Dhaka-1207 |
|
Telephone No |
880-2-9131267,
9898387, 9892673 |
|
Fax No |
880-2-8158705 |
|
E-Mail |
|
|
Website |
www.hrctech.net |
|
Branch |
Support
Office: |
|
Factory |
N/A |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
N/A |
|
Name |
Mr. K. M. Khaled |
|
Designation |
Chairman & Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. M. A.
Khaleque |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. K. M. Rakib
Hasan |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
Name |
Mr. K. M. Khaled |
|
Share Percent |
50% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. M. A.
Khaleque |
|
Share Percent |
30% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. K. M. Rakib
Hasan |
|
Share Percent |
20% |
|
Nationality |
Bangladeshi |
|
Line of Business |
Service Provider |
|
Items Dealing In |
IT Support |
|
Terms of Purchase |
Local: cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
|
Name |
The Premier Bank
Limited |
|
Branch |
Mirpur Branch |
|
Address |
Mirpur, Dhaka |
|
SWIFT |
N/A |
|
Year |
2012 |
2011 |
2010 |
|
Investment |
Tk.30 million |
Tk.30 million |
Tk.28 million |
|
Turnover |
Tk.225.6 million |
Tk.225 million |
Tk.223 million |
|
Liability |
Tk.3 million |
Tk.3.2 million |
Tk.4 million |
|
Assets |
Tk.39 million |
Tk.38 million |
Tk.38 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 |
119.6028 |
|
U.S Dollar |
1 |
77.7500 |
|
European Euro |
1 |
103.2287 |
|
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 |
110 |
|
Office Area (Sq.
Ft) |
2,500 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
N/A |
|
Range of
Products |
4 Broadband
Services 4 IP
Telephony Services 4 Domain
Registration & Hosting 4 Networking
Services 4 Website
Design Services 4 International
Gateway(IGW) Services |
|
Major Clients |
N/A |
|
Certifications |
NIL |
|
Group Name |
4 Getco Group |
|
Subsidiaries /
Affiliates |
4 Greenland
Engineers & Tractors Company Limited 4 GETCO
Agro Technologies Limited 4 GETCO
Limited 4 GETCO
Trading Limited 4 GETCO
AGRO VISION Limited 4 GETCO
Telecommunications Limited 4 GETCO
Online Limited 4 GETCO
Technolabs 4 GETCO
Digital Limited 4 GETCO
Business Solution Limited 4 Easy
Fly Express Limited 4 GETCO
Elevator Co. Limited 4 GETCO Ventures International |
|
Member |
4 Dhaka Chamber
of Commerce & Industries, Dhaka |
|
Business Scale |
Fairly Large |
|
Business Trend |
Growing |
|
Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.91 |
|
|
1 |
Rs.90.68 |
|
Euro |
1 |
Rs.78.22 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.