MIRA INFORM REPORT
|
Report Date : |
16.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
BENGAL PRINTING ANG PACKAGING LTD |
|
|
|
|
Registered Office : |
7, BelayetHossainSarak, Rupsha Strand Road, Khulna-9100 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
25.08.1989 |
|
|
|
|
Com. Reg. No.: |
3-14A |
|
|
|
|
Legal Form : |
Private Co
|
|
|
|
|
Line of Business : |
Manufacturer of Garments
Accessories, Printing & Packaging. |
|
|
|
|
No. of Employees : |
80 |
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
IDENTIFICATION DETAILS
|
Correct company Name |
: |
Bengal Printing Ang Packaging Ltd |
|
Registered office |
: |
7, BelayetHossainSarak, Rupsha Strand
Road, Khulna-9100, Bangladesh |
|
Tel No |
: |
88-041-730681,
725624, 01711-814571 |
|
Fax No |
: |
880-41-730681 |
|
E-mail |
: |
bppltin@gmail.com |
|
Website |
: |
- |
|
Date/ Year of Incorporation |
: |
25-08-1989 |
|
Registered No. |
: |
3-14A |
|
Legal Form (General) |
: |
Public Listed Co Public (but not listed) Private Co State-owned Co Sole Proprietorships Partnership Not Registered others (please specify)
________________ |
|
Legal form (Specific) |
: |
LTD CORP INC CO others (please specify)
________________ |
|
Issuing Authority |
: |
Registrar
of Joint Stock Companies & Firms City Corporation Municipal Administration Union Council Cantonment Board Chief Controller of Import
& Export (CCIE) |
FINANCIALS- SUMMARY
|
||||
|
Year |
Turnover/
Sales |
Assets |
Income |
|
|
2011 |
Tk.45 Million |
Tk.8 Million |
Tk.1.65 Million |
|
|
2012 |
Tk48 million |
Tk.9Million |
Tk.1.90 Million |
|
|
Exchange
Rate |
USD1-Tk. 77.8200 EUR 1- Tk. 100.2711 GBP 1- Tk.118.5354 AUD 1 - Tk.82.8563 JPY 1 - Tk.0.9286 |
CAD 1 - Tk.80.1887 SEK 1 - Tk.12.2870 SGD 1 - Tk.65.3045 CNH 1 - Tk.12.8399 |
||
|
Sales Trend – Analysis: |
|||||||||
|
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
2010 |
2011 |
2012 |
|
- |
- |
- |
- |
- |
- |
- |
|
|
|
FULLCHECK REPORT DETAILS
|
||
|
Information Parted By |
||
|
|
|
|
|
Name |
: |
Mr. Ashim Kumar |
|
Designation |
: |
General Manager |
|
Contract No |
: |
- |
|
Locations Details |
||
|
|
||
|
Business Address |
: |
7, BelayetHossainSarak, Rupsha Strand
Road, Khulna-9100, Bangladesh |
|
Tel No |
: |
88-041-730681,
725624, 01711-814571 |
|
Fax |
: |
880-41-730681 |
|
Email |
: |
bppltin@gmail.com |
|
Website |
: |
- |
|
Location : |
: Owned |
|
|
Rented |
Ö |
|
Leased |
|
Area |
2500 |
Sq. ft. |
|
Type of Office : |
:
Commercial Office Bldg. |
Ö |
|
Semi-commercial
office Bldg. |
|
|
|
|
Retail shop |
|
|
Industrial Park |
|
|
|
|
Business Center |
|
|
Home Office |
|
|
|
|
Residential Bldg. |
|
|
|
|
|
|
|
Factory: |
|
|
|
|
|
|
|
Address |
: |
7, BelayetHossainSarak, Rupsha Strand Road,
Khulna-9100, Bangladesh |
|
Tel No |
: |
88-041-730681,
725624, 01711-814571 |
|
Fax No |
: |
880-41-730681 |
|
Owned |
|
|
Rented |
Ö |
|
Leased |
|
Area |
25000 |
Sq. ft. |
|
Employee: |
|
||||||||
|
|
|
||||||||
|
No. of Employees |
In Office |
: |
15 |
In Factory |
: |
65 |
|||
|
In Branch: |
: |
|
Total |
: |
80 |
||||
|
Details: |
|
|
|
||||||
OWNERSHIP/SHAREHOLDERS
|
|
|
Names of
Shareholders |
No. of Share |
|
S.M. Azizul Alam |
400 |
|
Mr. S.M. Mizanur Rahman |
300 |
|
Mr. Nusrat Ara Alam |
300 |
DIRECTORS
|
|
|
Name |
Designation |
|
S.M. Azizul Alam |
Managing
Director |
|
Mr. S.M. Mizanur Rahman |
Director |
|
Mr. Nusrat Ara Alam |
Director |
MANAGEMENT
|
||
|
Name |
: |
Mr. Ashim Kumar |
|
Email address |
: |
- |
|
Nationality |
: |
Bangladeshi |
|
Job Description |
: |
General Manager |
|
Other details |
: |
- |
BUSINESS OPERATIONS
|
||||||||
|
Nature of Activity : |
Manufacturer |
Ö |
Trader |
|
Dealer |
|
Distributor |
Ö |
|
|
Exporter |
|
Importer |
|
Others |
|
|
|
|
Range of
Products/Item Dealings In: |
||
|
|
||
|
Products |
: |
Garments Accessories, Printing & Packaging |
|
Production Capacity |
: |
N/A |
|
Last Year
Production |
: |
N/A |
Trading Terms:
|
Purchasing Terms: |
L/C |
Ö |
Cash |
|
Others |
|
|
|||
|
|
Credit : |
|
30 days |
|
60 days |
Ö |
90 days |
|
|
days |
|
Selling Terms : |
L/C |
|
Cash |
Ö |
Others |
|
|
|||
|
|
Credit : |
Ö |
30 days |
|
60 days |
|
90 days |
|
|
days |
DETAILED DATA
|
||||||||
|
Trade Reference
& Related Parties |
: |
Overseas Clients |
: |
N/A |
Local Clients |
: |
Local Garments |
|
|
Overseas Suppliers |
: |
N/A |
Local Suppliers |
: |
N/a |
|||
|
Trade Markets |
: |
Exports |
: |
N/A |
||||
|
Imports |
: |
China, India |
||||||
|
Brand Name |
: |
N/A |
||||||
|
Certified |
: |
N/A |
||||||
|
Auditors |
: |
Nil |
||||||
|
Operation Status |
: |
Active |
||||||
|
Member |
: |
N/A |
||||||
CAPITAL STRUCTURE
|
||||||||
|
Authorized
Capital |
: |
Tk.10,000,000 |
||||||
|
Paid-up Capital |
: |
Tk.1,00,000 |
No.
of Shares |
: |
1000 |
Share
Value |
: |
Tk.100.00Each |
|
Main Assets |
: |
Tk.9Million |
||||||
FINANCIAL STATEMENT- DETAILED
|
|
The subject company don’t submit update
financial figure to local registry office. |
ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES
|
||
|
Sister Concerns |
: |
Nil |
|
Subsidiary |
: |
N/A |
|
Name of The Group |
: |
Nil |
BANKING
|
|
|
|
Bank Name
|
: |
Prime Bank Ltd. |
|
Bank Address |
: |
Khulna Branch, 7, Old Jessore Road, Khulna -9100 Phone: (041) 720071, 725100 Fax: 88-041-731195 Telex: 627266 PBLKN BJ SWIFT: PRBLBDDH004 Email : pblkhulna@primebank.com.bd |
ADVERSE DATA MONITORING
|
||
|
Dishonored Checks |
:
|
No Record Found |
|
Debt |
: |
No Record Found |
|
Litigation |
: |
Clear |
|
Performance Defaults |
: |
No Record Found |
|
Adverse Local Media Coverage/ Adverse Filling History |
: |
No Record Found |
SITE VISIT COMMENTARY
|
|
Our
representative visited the subject company head office which is situated at
residential area.Mr. Ashim Kumar– Commercial Manager of the company was given us all information. |
GENERAL COMMENTS
|
|
Based on the
financial statement, the subject company financial performance appears to be Average. The subject company has been in its
line of business about 24 years. Taking into account its standing history,
reputation in the market, as well as its financial condition, we recommend
that Credit can proceed normally in Moderate amount |
|
Adopted Abbreviations: |
||
|
NA- Not Available |
TK- Bangladeshi Taka |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.79 |
|
|
1 |
Rs.100.70 |
|
Euro |
1 |
Rs.84.67 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.