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Report Date : |
06.06.2013 |
IDENTIFICATION DETAILS
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Name : |
CHINA-BANGLA CERAMIC INDUSTRIES LIMITED |
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Registered Office : |
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Country : |
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Date of Incorporation : |
14.06.2001 |
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Com. Reg. No.: |
C-43437 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Manufacturer, Seller & Exporter of Tiles |
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No. of Employees : |
1,100 |
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 – 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 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 |
China-Bangla Ceramic Industries Limited |
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Address |
Tarabo,
Rupgonj, Narayangonj |
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Country |
Bangladesh |
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Telephone No |
880-2-9668278-9,
8615922, 672-588021 |
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Fax No |
880-2-9674076 |
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E-Mail |
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|
Website |
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Established |
2001 |
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Company Registration No |
C-43437 |
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Registration date |
14th June 2001 |
|
Legal Status |
Public Limited |
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Issuing Authority |
The Registrar of Joint Stock Companies & Firms, Dhaka |
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Business Type |
Manufacturer, Seller & Exporter |
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Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
|
Head Office |
National Plaza
(5th Floor), 1/G, Free School Street, Sonargaon Road, Dhaka–1205 |
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Telephone No |
880-2-9668278-9,
8615922 |
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Fax No |
880-2-9674076 |
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E-Mail |
|
|
Website |
|
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Branch |
Show Room: |
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Factory |
Tarabo,
Rupgonj, Narayangonj |
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Factory Telephone No |
880-672-588021 |
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Factory Fax No |
N/A |
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Warehouse |
Tarabo, Rupgonj,
Narayangonj |
|
Name |
Mr. Qu
Bo |
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Designation |
Chairman |
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Nationality |
Chinese |
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|
|
|
Name |
Mr.
Md. Shirajul Islam Molla |
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Designation |
Managing Director |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr.
Zhou Xiaolin |
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Designation |
Director &
CEO |
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Nationality |
Chinese |
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|
|
|
Name |
Mr. Li
Xiaoping |
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Designation |
Director |
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Nationality |
Chinese |
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Name |
Mrs.
Tiang Wen |
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Designation |
Director |
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Nationality |
Chinese |
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|
Name |
Mr.
Md. Mahbub Alam |
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Designation |
Director |
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Nationality |
Chinese |
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Line of Business |
Manufacturer, Seller & Exporter |
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Items Dealing In |
Tiles |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit Export: Against L/C |
|
Name |
HSBC |
|
Branch |
Gulshan
Branch |
|
Address |
Gulshan, Dhaka |
|
SWIFT |
N/A |
|
|
|
|
Name |
Standard
Chartered Bank |
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Branch |
Gulshan
Branch |
|
Address |
Gulshan, Dhaka |
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SWIFT |
N/A |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.52 million |
Tk.52 million |
Tk.50 million |
|
Turnover |
Tk.450.6 million |
Tk.450 million |
Tk.448 million |
|
Liability |
Tk.11.5 million |
Tk.12 million |
Tk.14 million |
|
Assets |
Tk.90 million |
Tk.90 million |
Tk.88 million |
Note: Though the
subject is a public limited company but could not launch their annual report yet
and IPO in stock market, so no details financial information is available.
|
Authorized
Capital |
Tk.30 million |
|
Paid Up Capital |
Tk.2 million |
|
Each Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
119.0972 |
|
U.S Dollar |
1 |
77.7600 |
|
European Euro |
1 |
101.7334 |
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Dishonored
Checks |
No Found |
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Debt |
No Found |
|
Litigation |
No Records Found |
|
Performance
Defaults |
No Records Found |
|
Adverse Press
Coverage |
No Records Found |
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Money Laundering |
No Records Found |
|
Employees |
1,100 |
|
Office Area (Sq.
Ft) |
2,800 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
55,000 sq.ft (rented) |
|
Warehouse Area
(Sq. Ft) |
8,500 sq.ft. (Rented) |
|
Range of
Products |
4 Wall and Floor Tiles 4 Homogeneous Tiles 4 Decor and Border tiles |
|
Export
Market |
4 India |
|
Certifications |
NIL |
|
Group Name |
NIL |
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Subsidiaries/Affiliates |
NIL |
|
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.56.42 |
|
UK Pound |
1 |
Rs.86.54 |
|
Euro |
1 |
Rs.73.86 |
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 |
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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 |
|
---- |
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.