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Report Date : |
06.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
EXCELLENT CERAMIC INDUSTRIES LIMITED |
|
|
|
|
Registered Office : |
Ideal Trade Centre (6th
floor), 102,Shaheed
Tajuddin Ahmed Sharoni, Tejgoan, |
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|
|
|
Country : |
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|
|
|
|
Date of Incorporation : |
13.04.2009 |
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|
|
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Com. Reg. No.: |
C-83754 |
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|
|
|
Legal Form : |
Private Limited
Company |
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|
|
|
Line of Business : |
Manufacturer & Seller of Sanitary Ware |
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|
|
|
No. of Employees : |
260 |
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 |
|
Name |
Excellent Ceramic Industries Limited |
|
Address |
Paragaon,
Valuka, Mymensing |
|
Country |
Bangladesh |
|
Telephone No |
880-2-8143964 |
|
Fax No |
880-2-9338844 |
|
E-Mail |
|
|
Website |
|
|
Established |
2009 |
|
Company Registration No |
C-83754 |
|
Registration date |
13th
April 2009 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of Joint Stock Companies & Firms, Dhaka |
|
Business Type |
Manufacturer & Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
|
Head Office |
Ideal Trade Centre (6th
floor), 102,Shaheed
Tajuddin Ahmed Sharoni, Tejgoan, Dhaka |
|
Telephone No |
880-2-8143964 |
|
Fax No |
880-2-9338844 |
|
E-Mail |
|
|
Website |
|
|
Branch |
Local Office 139, Bongshal Road, Dhaka-1100 Tel:- 88-02-7318466, +88-02-7318478 |
|
Factory |
Paragaon,
Valuka, Mymensing |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
Paragaon,
Valuka, Mymensing |
|
Name |
Mr. Abdul
Halim |
|
Designation |
Chairman &
Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mrs. Razia Halim
|
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
Name |
Mr. Abdul
Halim |
|
Share Percent |
60% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mrs. Sanzida
Halim |
|
Share Percent |
40% |
|
Nationality |
Bangladeshi |
|
Line of Business |
Manufacturer & Seller |
|
Items Dealing In |
Sanitary Ware |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
|
Name |
Janata Bank
Limited |
|
Branch |
Motijheel Branch |
|
Address |
Motijheel C/A, Dhaka |
|
SWIFT |
N/A |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.30 million |
Tk.30 million |
N/A |
|
Turnover |
Tk.280.6 million |
Tk.280 million |
N/A |
|
Liability |
Tk.14.3 million |
Tk.15 million |
N/A |
|
Assets |
Tk.45 million |
Tk.45 million |
N/A |
|
Authorized
Capital |
Tk.10 million |
|
Paid Up Capital |
Tk.100,000.00 |
|
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 |
|
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 |
260 |
|
Office Area (Sq.
Ft) |
2,000 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
50,000 sq.ft (rented) |
|
Warehouse Area
(Sq. Ft) |
5,500 sq.ft. (rented) |
|
Range of
Products |
4 Commode & Pan 4 Basins |
|
Certifications |
NIL |
|
Group Name |
4 Halim Group |
|
Subsidiaries /
Affiliates |
4 Excellent Motors Limited 4 Motor Cycle Bitan 4 Halim Motors 4 Exclusive Motors 4 Rupsha Trading Corporation 4 Excellent Properties |
|
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 |
|
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.