|
Report Date : |
03.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
KHULNA PRINTING & PACKAGING LIMITED |
|
|
|
|
Registered Office : |
51, Khan-A-Sabur Road, Khulna |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
29.09.1999 |
|
|
|
|
Com. Reg. No.: |
3-383 |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Manufacturing & Selling of Packaging Materials |
|
|
|
|
No. of Employees : |
250 |
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 |
Khulna Printing
& Packaging Limited |
|
Address |
51, Khan-A-Sabur
Road, Khulna |
|
Country |
Bangladesh |
|
Telephone No |
880-41-720318, 722347,
733942, 73394 |
|
Fax No |
880-41-731256,
812517 |
|
E-Mail |
info@lockpurgroup.com |
|
Website |
|
|
Established |
1999 |
|
Company Registration No |
3-383 |
|
Registration date |
29th September 1999 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of
Joint Stock Companies & Firms, Khulna |
|
Business Type |
Manufacturer & Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints
have been heard regarding payments from local suppliers or banks. |
|
Head Office |
51, Khan-A-Sabur
Road, Khulna |
|
Telephone No |
880-41-720318,
722347, 733942, 73394 |
|
Fax No |
880-41-731256,
812517 |
|
E-Mail |
|
|
Website |
|
|
Branch |
NIL |
|
Factory |
Birsretho
Shaheed Ruhul Amin Sharak, Rupsha East, Khulna |
|
Factory Telephone No |
NIL |
|
Factory Fax No |
NIL |
|
Warehouse |
Birsretho
Shaheed Ruhul Amin Sharak, Rupsha East, Khulna |
|
Name |
Mr. S.M. Amzad Hossain |
|
Designation |
Chairman & Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mrs. Sufia
Khatun |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
Name |
Mr. S.M. Amzad Hossain |
|
Share Percent |
50% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mrs. Sufia
Khatun |
|
Share Percent |
25% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Shampa Ice Cold
Storage Limited |
|
Share Percent |
5% |
|
Country |
Bangladeshi |
|
|
|
|
Name |
Rupsha Fish
& Allied Industries Limited |
|
Share Percent |
5% |
|
Country |
Bangladeshi |
|
|
|
|
Name |
Bagerhat Sea
Foods Limited |
|
Share Percent |
5% |
|
Country |
Bangladeshi |
|
|
|
|
Name |
Southern Food
Limited |
|
Share Percent |
5% |
|
Country |
Bangladeshi |
|
|
|
|
Name |
Metro Bricks
Limited |
|
Share Percent |
5% |
|
Country |
Bangladeshi |
Note: Changed in 2013
|
Line of Business |
Manufacturing & Selling |
|
Items Dealing In |
Packaging
Materials |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
|
Name |
Bangladesh
Commerce Bank Limited |
|
Branch |
Khulna Branch |
|
Address |
Khulna |
|
SWIFT |
N/A |
|
Year |
As At 31st March 2012 |
|
Investment |
Tk.37 million |
|
Turnover |
Tk.291.3 million |
|
Liability |
NIL |
|
Assets |
Tk.42 million |
|
Authorized
Capital |
Tk.1 billion |
|
Paid Up Capital |
Tk.110,000,000.00 |
|
Each Share Value |
Tk.10.00 |
Note: Changed in 2013
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
120.8148 |
|
U.S Dollar |
1 |
77.9400 |
|
European Euro |
1 |
102.1014 |
|
Dishonored
Checks |
No Found |
|
Debt |
No Records Found |
|
Litigation |
No Records Found |
|
Performance
Defaults |
No Records Found |
|
Adverse Press
Coverage |
No Records Found |
|
Money Laundering |
No Records Found |
|
Employees |
250 |
|
Office Area (Sq.
Ft) |
2,000 (rented) |
|
Factory Area
(Sq. Ft) |
32,000 (rented) |
|
Warehouse Area
(Sq. Ft) |
3,500 (rented) |
|
Range of
Products |
4 Master Carton 4 Inner Carton 4 Sticker 4 Rider 4 Poly Bags |
|
Raw Materials
From |
4 Europe 4 USA 4 Africa 4 Asian Countries
|
|
Major
Clients |
4 Local 100%
Export Oriented Fish Processing and Exporting Company |
|
Certifications |
NIL |
|
Group Name |
4 Lockpur Group
of Companies |
|
Subsidiaries /
Affiliates |
4 Rupsha Fish
& Allied Industries Limited 4 Bagerhat Sea
Foods Industries Limited 4 Lockpur Fish
Processing Company Limited 4 Southern Foods
Limited 4 Shampa Ice
& Cold Storage Limited 4 Western Inn
International 4 Metro Bricks
Limited |
|
Member |
4 Bangladesh Corrugated Catron Manufacturer
and Exporters Association, Dhaka 4 Khulna Chamber
of Commerce & Industry, Khulna |
|
Business Scale |
Fairly Large |
|
Business Trend |
Growing |
|
Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.73 |
|
|
1 |
Rs.83.54 |
|
Euro |
1 |
Rs.70.71 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.