|
Report Date : |
12.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
SPECTRA DYE-CHEM (PVT.) LIMITED |
|
|
|
|
Registered Office : |
Iswardi Export Processing Zone (EPZ),
Plot No # 70-71, Paksey, Pabna |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
12.04.2012 |
|
|
|
|
Com. Reg. No.: |
C-99153 |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Importer, Manufacturer & Seller of Dyes and Chemicals |
|
|
|
|
No. of Employees : |
300 |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New Company |
|
Payment Behaviour : |
Unknown |
|
Litigation : |
-- |
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 |
Spectra Dye-Chem (Pvt.) Limited |
|
Address |
Iswardi
Export Processing Zone (EPZ), Plot No # 70-71,
Paksey, Pabna |
|
Country |
Bangladesh |
|
Telephone No |
+8801713-436301 |
|
Fax No |
880-2-9131317 |
|
E-Mail |
info@spectradye-chem.com |
|
Website |
|
|
Established |
2012 |
|
Company Registration No |
C-99153 |
|
Registration date |
12th April 2012 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of Joint Stock Companies & Firms, Dhaka |
|
Business Type |
Importer, Manufacturer & Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
|
Head Office |
5/2,
Block A, (Ground Floor) Lalmatia, Dhaka-1207 |
|
Telephone No |
880-2-8129541 |
|
Fax No |
880-2-9131317 |
|
E-Mail |
info@spectradye-chem.com |
|
Website |
|
|
Branch |
NIL |
|
Factory |
Iswardi Export Processing Zone (EPZ), Plot No # 70-71, Paksey,
Pabna |
|
Factory Telephone No |
+8801713-436301 |
|
Factory Fax No |
NIL |
|
Warehouse |
Iswardi Export Processing Zone (EPZ), Plot No # 70-71, Paksey,
Pabna |
|
Name |
Mr. Lion. Mohammad Tarif Uddin |
|
Designation |
Chairman &
Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Sabiha Tarif |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
Name |
Mr. Lion. Mohammad Tarif Uddin |
|
Share Percent |
60% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Sabiha Tarif |
|
Share Percent |
40% |
|
Nationality |
Bangladeshi |
|
Line of Business |
Importer, Manufacturer & Seller |
|
Items Dealing In |
Dyes and
Chemicals |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
|
Name |
Trust Bank Limited |
|
Branch |
Gulshan Branch |
|
Address |
Gulshan,
Dhaka-11212 |
|
SWIFT |
N/A |
The subject has not yet started its operation and
as such no financial information is available.
|
Authorized
Capital |
Tk.10 million |
|
Paid Up Capital |
Tk.200,000.00 |
|
Each Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
121.1112 |
|
U.S Dollar |
1 |
77.7600 |
|
European Euro |
1 |
103.0787 |
|
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 |
300 |
|
Office Area (Sq.
Ft) |
1,800 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
22,000 sq.ft (rented) |
|
Warehouse Area
(Sq. Ft) |
2,500 sq.ft (rented) |
|
Range of
Products |
4 Textile Auxiliaries 4 Water, (oil) and soil-repellent agents 4 Blocked isocyanates 4 Polyurethane dispersions 4 SILVERPLUS 4 Silicones 4 Construction Chemicals |
|
Major Foreign
Principal |
4 Rudolf GmbH, Germany |
|
Certifications |
NIL |
|
Group Name |
NIL |
|
Subsidiaries /
Affiliates |
NIL |
|
Member |
4 Dhaka Chamber
of Commerce & Industry, Dhaka |
|
Business Scale |
Newly Established |
|
Business Trend |
Newly Established |
|
Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.92 |
|
|
1 |
Rs.91.80 |
|
Euro |
1 |
Rs.78.18 |
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.