|
Report Date : |
03.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
PHP NOF CONTINUOUS GALVANIZING MILLS LIMITED |
|
|
|
|
Registered Office : |
PHP House, 31, Agrabad C/A, Chittagong - 4100 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
13.06.2004 |
|
|
|
|
Com. Reg. No.: |
CH-4406 |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Manufacturer of Steel Products |
|
|
|
|
No. of Employees : |
680 |
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 |
PHP NOF Continuous Galvanizing Mills Limited |
|
Address |
PHP House, 31,
Agrabad C/A, Chittagong - 4100 |
|
Country |
Bangladesh |
|
Telephone No |
880-31-2511037-
41 |
|
Fax No |
880-31- 726982 |
|
E-Mail |
|
|
Website |
|
|
Established |
July 2004 |
|
Company Registration No |
CH-4406 |
|
Registration date |
13th
July 2004 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of joint Stock Companies & Firms, Chittagong |
|
Business Type |
Manufacturer |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local suppliers
or banks. |
|
Head Office |
PHP House, 31,
Agrabad C/A, Chittagong - 4100 |
|
Telephone No |
880-31-2511037-
41 |
|
Fax No |
880-31- 726982 |
|
E-Mail |
|
|
Website |
|
|
Branch |
NIL |
|
Factory |
|
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
Bara Kumira,
Shitakund, Chittagong |
|
Name |
Mr. Mohamed
Mizanur Rahman Chowdhury |
|
Designation |
Chairman |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Mohammed
Mohsin Chowdhury |
|
Designation |
Managing
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Mohammed Iqbal Hossain Chowdhury |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mrs. Tahmina
Rahman Chowdhury |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Mohammed
Anowarul Haque Chowdhury |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Mohammed Ali
Hossain Chowdhury |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Mohammed
Amir Hossain Chowdhury |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Mohammed
Zahirul Islam Chowdhury |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Mohammed
Akther Parvez Chowdhury |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
Line of Business |
Manufacturer |
|
Items Dealing In |
Steel Products |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or credit Export: Cash or Credit |
|
Name |
Standard
Chartered Bank |
|
Branch |
Agrabad Branch |
|
Address |
Agabad Comercial Area, Chittagong |
|
SWIFT |
N/A |
|
|
|
|
Name |
Bank Asia
Limited |
|
Branch |
Agrabad Branch |
|
Address |
Agabad Comercial Area, Chittagong |
|
SWIFT |
N/A |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.74 million |
Tk.72 million |
Tk.72 million |
|
Turnover |
Tk.953 million |
Tk.951.9 million |
Tk.951.5 million |
|
Liability |
Tk.8 million |
Tk.9.3 million |
Tk.9.5 million |
|
Assets |
Tk.124 million |
Tk.122 million |
Tk.122 million |
|
Authorized
Capital |
Tk.500 million |
|
Paid Up Capital |
Tk.5 million |
|
Each Share Value |
Tk.100.00 |
|
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 Found |
|
Litigation |
No Records Found |
|
Performance
Defaults |
No Records Found |
|
Adverse Press
Coverage |
No Records Found |
|
Money Laundering |
No Records Found |
|
Employees |
680 |
|
Office Area (Sq.
Ft) |
2,800 sq.ft (own) |
|
Factory Area
(Sq. Ft) |
3 acres of land (own) |
|
Warehouse Area
(Sq. Ft) |
12,000 sq.ft.(own) |
|
Range of
Products |
4 GP Coil 4 GP Sheet 4 CI Sheet |
|
Export Market |
N/A |
|
Certifications |
4 ISO 9001:2000 |
|
Group Name |
4 PHP Group |
|
Subsidiaries /
Affiliates |
4 PHP
Corporation Ltd. 4 R.M.
Corporation Limited 4 PHP
Float Glass Industries Ltd 4 PHP
Steels Ltd. 4 PHP
Oxygen Ltd. 4 PHP
Continuous Galvanizing Mills Ltd. 4 PHP
Ship Breaking & Recycling Industries Ltd. 4 PHP
Fisheries Limited 4 PHP
Latex and Rubber Products Limited 4 PHP
Power Generation Plant Ltd. 4 PHP
Cold Rolling Mills Ltd 4 PHP
Power Company Limited 4 PHP
Spinning Mills Ltd. 4 PHP
Stocks & Securities Ltd 4 PHP
Overseas Ltd. 4 PHP
Petro Refinery Limited 4 Pelicon
Properties Limited 4 PHP
Shipping Lines Limited |
|
Member |
4 Chittagong
Chamber of Commerce & Industries, Chittagong 4 Bangladesh
Cold Rolled Steel Mfg. Association |
|
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.