|
Report Date : |
30.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
S. ALAM COLD ROLLED STEELS LIMITED |
|
|
|
|
Registered Office : |
S. Alam Bhaban, 2119, Asadgonj Chittagong 4100 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
12.12.2000 |
|
|
|
|
Com. Reg. No.: |
CH-2193 |
|
|
|
|
Legal Form : |
Public Limited |
|
|
|
|
Line of Business : |
Manufacturer & Seller of Steel Products |
|
|
|
|
No. of Employees : |
220 |
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 |
S. Alam Cold Rolled Steels Limited |
|
Address |
S. Alam Bhaban,
2119, Asadgonj Chittagong 4100 |
|
Country |
Bangladesh |
|
Telephone No |
880-31-636997,
611426 |
|
Fax No |
880-31-618187 |
|
E-Mail |
|
|
Website |
|
|
Established |
2000 |
|
Company Registration No |
CH-2193 |
|
Registration date |
12th
December 2000 |
|
Legal Status |
Public Limited |
|
Issuing Authority |
The Registrar of Joint Stock Companies & Firms, Chittagong |
|
Business Type |
Manufacturer & Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
|
Head Office |
S. Alam Bhaban,
2119, Asadgonj Chittagong 4100 |
|
Telephone No |
880-31-636997,
611426 |
|
Fax No |
880-31-618187 |
|
E-Mail |
|
|
Website |
|
|
Branch |
NIL |
|
Factory |
Charpatherghata,
Karnafully, Chittagong |
|
Factory Telephone No |
NIL |
|
Factory Fax No |
NIL |
|
Warehouse |
Charpatherghata,
Karnafully, Chittagong |
|
Name |
Mr. Alhaj Md. Saiful Alam Masud |
|
Designation |
Chairman & Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Alhaj Md.
Abdus Samad Labu |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Rashedul
Alam |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
Name |
Mr. Alhaj Md. Saiful Alam Masud |
|
Share Percent |
64% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Alhaj Md.
Abdus Samad Labu |
|
Share Percent |
24% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Rashedul
Alam |
|
Share Percent |
12% |
|
Nationality |
Bangladeshi |
|
Line of Business |
Manufacturer & Seller |
|
Items Dealing In |
Steel Products |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
|
Name |
First Security
Islami Bank Limited |
|
Branch |
Agrabad Branch |
|
Address |
Agrabad C/A, Chittagong |
|
SWIFT |
N/A |
|
Year |
2012 |
2011 |
2010 |
|
Investment |
Tk.132 million |
Tk.130 million |
Tk.130 million |
|
Turnover |
Tk.6.5 million |
Tk.6.2 billion |
Tk.5.8 billion |
|
Liability |
Tk.60 million |
Tk.63 million |
Tk.65 million |
|
Assets |
Tk.155 million |
Tk.150 million |
Tk.150 million |
Note: No details
financial information is available.
|
Authorized
Capital |
Tk.3,500 million |
|
Paid Up Capital |
Tk.984 million |
|
Each Share Value |
Tk.10.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
119.0894 |
|
U.S Dollar |
1 |
77.7600 |
|
European Euro |
1 |
102.6665 |
|
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 |
220 |
|
Office Area (Sq.
Ft) |
5,000 sq.ft (owned ) |
|
Factory Area
(Sq. Ft) |
2 acres of land (owned) |
|
Warehouse Area
(Sq. Ft) |
20,000 sq.ft (owned) |
|
Range of
Services |
4 Cold
Rolled Steel Strips |
|
Raw Materials
From |
4 Japan 4 Korea 4 Netherlands 4 Romania 4 Russia 4 India 4 Taiwan 4 China |
|
Certifications |
NIL |
|
Group Name |
4 S. Alam Group |
|
Subsidiaries /
Affiliates |
4 S.
Alam Soyaseed Extraction Plant Ltd. 4 S.
Alam Vegetable Oil Limited. 4 S.
Alam Super Edible Oil Limited. 4 S.
Alam Refined Sugar Industries Ltd. 4 S.
Alam Refined Suger Industries Ltd. (Unit-2) 4 S.
Alam Tank Terminal Ltd. 4 S.
Alam Cement Ltd. 4 Portman
Cements Ltd. 4 S.
Alam Luxury Chair Coach Services Ltd. 4 S.
Alam Steels Ltd. 4 S.
Alam Cold Rolled Steels Limited (NOF) 4 Galco
Steels (BD) Ltd. 4 Galco
Steel (BD) Ltd. (Unit-2) 4 Chemon
Ispat Ltd. 4 Karnaphuli
Prakritik Gas Co. Ltd. 4 Shah
Amanat Prakritik Gas Co. Ltd. 4 S.
Alam Power Plant Ltd. 4 S.
Alam Power Plant ltd. (Unit-2) 4 S.
Alam Power Genaration Ltd. 4 S.
Alam Luxury Chair Coach Services Ltd. 4 Bering
Sea Lines 4 S.
Alam Bag Manufacturing Mills Ltd. 4 S.
Alam Properties Ltd. 4 Hasan
Abason (Pvt.) Ltd. 4 Modern
Properties Ltd. 4 Ocean
Resorts Ltd. 4 Prasad
Paradise Ltd. 4 Marine
Empire Ltd. 4 S.
Alam Hatchery Ltd. 4 Fatehabad
Farm Ltd. 4 S.
Alam Brothers Ltd. 4 S.
Alam Trading Co. (Pvt.) Ltd. 4 S.
Alam & Company 4 Sonali
Cargo Logistics (Pvt.) Ltd. 4 Sonali
Traders 4 Global
Trading Cor. Ltd. |
|
Member |
4 Chittagong
Chamber of Commerce & Industries, Chittagong 4 Bangladesh Steels
Mills Association |
|
Business Scale |
Fairly Large |
|
Business Trend |
Growing |
|
Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.29 |
|
|
1 |
Rs.91.18 |
|
Euro |
1 |
Rs.78.71 |
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.