MIRA INFORM REPORT
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Report Date : |
14.05.2013 |
IDENTIFICATION DETAILS
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Name : |
X CERAMICS LIMITED |
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Registered Office : |
Plot: 34, Road: 12 Block: K, Baridhara Diplomatic Zone, Dhaka-1212 |
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Country : |
Bangladesh |
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Date of Incorporation : |
15.06.2009 |
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Com. Reg. No.: |
C-69547 |
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Legal Form : |
Private Limited |
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Line of Business : |
Manufacturer and Seller of Tiles. |
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No. of Employees : |
360 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
X Ceramics Limited |
|
Address |
Plot: 34, Road:
12 Block: K, Baridhara Diplomatic Zone, Dhaka-1212 |
|
Country |
Bangladesh |
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Telephone No |
880-2-8826853,
880-2-8826749 |
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Fax No |
880-2-8829759 |
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E-Mail |
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|
Website |
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Established |
2009 |
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Commercial Production From |
2nd
February 2010 |
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Company Registration No |
C-69547 |
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Registration date |
15th
June 2009 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of
Joint Stock Companies & Firms, Dhaka |
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Business Type |
Manufacturer and Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local suppliers or banks. |
|
Head Office |
Plot: 34, Road:
12 Block: K, Baridhara Diplomatic Zone, Dhaka-1212 |
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Telephone No |
880-2-8826853,
880-2-8826749 |
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Fax No |
880-2-8829759 |
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E-Mail |
|
|
Website |
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|
Branch |
Majorca S.P.A. 42019, SCANDIANO (RE) Tel: +39 0522 764 511, Fax: +39 0522 764 545 Email: majorca@majorca.it Web: www.majorca.it, www.ceramicamonica.com www.eurotiles.net |
|
Factory |
Sreepur, Gazipur
|
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Factory Telephone No |
N/A |
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Factory Fax No |
N/A |
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Warehouse |
Sreepur, Gazipur |
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Name |
Mr. Mazherul Quader |
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Designation |
Chairman |
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Nationality |
Bangladeshi |
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Name |
Mr. Mahin Bin Mazher |
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Designation |
Managing Director |
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Nationality |
Bangladeshi |
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|
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Name |
Mr. Mahbubul
Alam |
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Designation |
Director |
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Nationality |
Bangladeshi |
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|
|
Name |
Ms. Mehjabin
Binte Mazher |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Mazherul Quader |
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Share Percent |
25% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Mahin Bin Mazher |
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Share Percent |
35% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Mahbubul
Alam |
|
Share Percent |
20% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Ms. Mehjabin
Binte Mazher |
|
Share Percent |
20% |
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Nationality |
Bangladeshi |
|
Line of Business |
Manufacturer and Seller |
|
Items Dealing In |
Tiles |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
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Terms of |
Local: Cash or Credit Export: Against L/C |
|
Name |
Standard
Chartered Bank |
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Branch |
Main Branch |
|
Address |
Dilkusha Commercial Area, |
|
SWIFT |
N/A |
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Year |
31st March 2012 |
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Investment |
Tk.38 million |
|
Turnover |
Tk.260 million |
|
Liability |
Tk.9 million |
|
Assets |
Tk.46 million |
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Authorized
Capital |
Tk.10 million |
|
Paid Up Capital |
Tk.150,000.00 |
|
Each Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
|
1 |
119.0566 |
|
U.S Dollar |
1 |
77.8300 |
|
European Euro |
1 |
100.9611 |
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Dishonored
Checks |
No Found |
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Debt |
No Found |
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Litigation |
No Records Found |
|
Performance
Defaults |
No Records Found |
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Adverse Press
Coverage |
No Records Found |
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Money Laundering |
No Records Found |
|
Employees |
360 |
|
Office Area (Sq.
Ft) |
2,200 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
55,000 sq.ft (rented) |
|
Warehouse Area
(Sq. Ft) |
6,600 sq.ft. (rented) |
|
|
4 Wall Tiles 4 Floor Tiles |
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Brand Name |
4 X-Monica |
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Certifications |
4 ISO 9001 |
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Group Name |
4 Index Group of
Companies |
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Subsidiaries /
Affiliates |
4 Index Architects Limited 4 Index Construction Limited 4 Index Real Estate Limited 4 Index Agro Industries Limited 4 Index Poultry (PVT.) Limited 4 Index Feeds Limited 4 X Breeders Limited |
|
Member |
4 4 Dhaka
Chamber of Commerce & Industries, |
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Business Scale |
Fairly Large |
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Business Trend |
Growing |
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Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.92 |
|
|
1 |
Rs.84.44 |
|
Euro |
1 |
Rs.71.32 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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 |
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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 |
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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 |
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-- |
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.