|
Report Date : |
04.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
KYCR COIL INDUSTRIES LIMITED |
|
|
|
|
Registered Office : |
255 Nasirabad I/A, Baizid Bostami Road, Chittagong- 4211 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
04.11.2000 |
|
|
|
|
Com. Reg. No.: |
CH-2071 |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Manufacturer & Exporter of Ready-Made
Garments |
|
|
|
|
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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 |
KYCR Coil Industries Limited |
|
Address |
255 Nasirabad
I/A, Baizid Bostami Road, Chittagong- 4211 |
|
Country |
Bangladesh |
|
Telephone No |
880-31-681240-4,
682474 ~ 8 |
|
Fax No |
880-31-682836,
681398 |
|
E-Mail |
|
|
Website |
|
|
Established |
2000 |
|
Commercial
Production From |
March 2002 |
|
Company Registration No |
CH-2071 |
|
Registration date |
4th
November 2000 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of Joint Stock Companies & Firms, Chittagong |
|
Business Type |
Manufacturer & Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
|
Head Office |
255 Nasirabad
I/A, Baizid Bostami Road, Chittagong- 4211 |
|
Telephone No |
880-31-681240-4,
682474 ~ 8 |
|
Fax No |
880-31-682836,
681398 |
|
E-Mail |
|
|
Website |
|
|
Branch (1) |
House # 99, Road
# 4, Block # B, Banani, Dhaka |
|
Branch Telephone No |
880-2-9880894,
8821722 |
|
Branch Fax No |
880-2-88251218 |
|
Branch (2) |
Unit- 2, 18F,
Enterprise Square Tower III, Sheung Yuet Road, Kowloon Bay, Kowloon, Hongkong |
|
Branch Telephone No |
852 23691393,
23691254 |
|
Branch Fax No |
852 23110314 |
|
Sales Office |
1
Haji Amir Ali Chowdhury Road, Khatungonj, Chittagong |
|
Factory |
Jouramtall,
Bara Kumira, Sitakunda, Chittagong |
|
Factory Telephone No |
880-31-713127,
720803 |
|
Factory Fax No |
880-31-720817 |
|
Warehouse |
Jouramtall, Bara
Kumira, Sitakunda, Chittagong |
|
Name |
Al-Hajj Mohammad Khalilur Rahman |
|
Designation |
Chairman & Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Salim Rahman
|
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Dr. Mohammad Abul
Kalam |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
Name |
Al-Hajj Mohammad Khalilur Rahman |
|
Share Percent |
60% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Salim Rahman
|
|
Share Percent |
20% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Dr. Mohammad
Abul Kalam |
|
Share Percent |
20% |
|
Nationality |
Bangladeshi |
|
Line of Business |
Manufacturer & Exporter |
|
Items Dealing In |
Ready-Made Garments |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
|
Production
Capacity |
2,50,000 mt per
year |
|
Name |
National Bank Limited |
|
Branch |
Agrabad Branch |
|
Address |
67, Agrabad C/A, Chittagong |
|
SWIFT |
NBLBBDDH004 |
|
|
|
|
Name |
Al-Arafah Islami Bank Limited |
|
Branch |
Agrabad Branch |
|
Address |
96, Agrabad C/A, Chittagong |
|
SWIFT |
ALARBDDH069 |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.655 million |
Tk.650 million |
Tk.650 million |
|
Turnover |
Tk.434 million |
Tk.430.8 million |
Tk.430 million |
|
Liability |
Tk.70 million |
Tk.73 million |
Tk.73 million |
|
Assets |
Tk.3 billion |
Tk.2.5 billion |
Tk.2.5 billion |
The information
provided is collected unofficially and as such its authenticity could not be
guaranteed. As per Local Corporate & Tax law, a Private Limited Company is
not bound to disclose its financial information
|
Authorized
Capital |
Tk.5000 million |
|
Paid Up Capital |
Tk.651.2 million |
|
Each Share Value |
Tk.100.00 |
Note: Changed in
2011
|
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 |
250 |
|
Office Area (Sq.
Ft) |
2,700 |
|
Factory Area
(Sq. Ft) |
5,00,940 |
|
Warehouse Area
(Sq. Ft) |
12,000 |
|
Range of
Products |
4 CRFH (Cold Rolled Full Hard) 4 CRCA (Cold Rolled
Closed Annealed) 4 GPFH (Galvanized Plain Full
Hard) 4 GC (Galvanized Corrugated) |
|
Raw Materials
From |
4 Nippon Steel, Japan 4 Mitsubishi, Japan 4 Marubeni, Japan |
|
Major Clients |
4 Galvanizes
Steel Manufacturers |
|
Certifications |
4 ISO 9001:2000 |
|
Group Name |
4 KDS Group |
|
Subsidiaries /
Affiliates |
4 KDS
Hi -Tec Garments BD Limited 4 KDS
Apparels Limited 4 KDS
Fashion Limited 4 HN
Garments Limited 4 KDS
Textile ills Limited 4 KDS
Spinning Mills Limited 4 KDS
Accessories Limited 4 KY
Steel Limited 4 KIY
Steel Limited 4 KDS
Garments Industries Limited 4 KY
Tinplate Company Limited 4 KDS
Logistics Limited 4 Allied
Express Shipping Limited 4 SKYS
Securities Limited 4 DK
Power Plant Limited 4 Rahman
CNG Company Limited |
|
Member |
4 Bangladesh
Steel Mills Association 4 Chittagong Chamber of Commerce & Industries |
|
Business Scale |
Large |
|
Business Trend |
Growing |
|
Management
Capability |
Very Good |
|
Reputation |
Very Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.95 |
|
|
1 |
Rs.83.80 |
|
Euro |
1 |
Rs.70.49 |
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.