MIRA INFORM REPORT

 

 

Report Date :

29.12.2014

 

IDENTIFICATION DETAILS

 

Name :

BANGLADESH DIABELTIC SAMITI

 

 

Registered Office :

122, Kazi, Nazzrul Islam Academy Dhaka 1000

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

28.02.1956

 

 

Legal Form :

Nonprofit Voluntary Organization

 

 

Line of Business :

Nonprofit Voluntary Socio-Medical Service, Health Education

 

 

No. of Employees :

5000

 

 

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 :

Slow but correct

 

 

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

Bangladesh

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

BANGLADESH - ECONOMIC OVERVIEW

 

Bangladesh's economy has grown roughly 6% per year since 1996 despite political instability, poor infrastructure, corruption, insufficient power supplies, slow implementation of economic reforms, and the 2008-09 global financial crisis and recession. Although more than half of GDP is generated through the service sector, almost half of Bangladeshis are employed in the agriculture sector with rice as the single-most-important product. Garment exports, the backbone of Bangladesh’s industrial sector and 80% of total exports, surpassed $21 billion last year, 18% of GDP. The sector has remained resilient in recent years amidst a series of factory accidents that have killed over 1,000 workers and crippling strikes that shut down virtually all economic activity. Steady garment export growth combined with remittances from overseas Bangladeshis, which totaled almost $15 billion and 13% of GDP IN 2013, are the largest contributors to Bangladesh’s current account surplus and record foreign exchange holdings.

 

Source : CIA

 

 

 

 

EXECUTIVE SUMMARY

 

                                                IDENTIFICATION DETAILS

 

Correct company Name

:

Bangladesh Diabeltic Samiti

Head Office

:

122, Kazi, Nazzrul Islam Academy Dhaka 1000 , Bangladesh     

Tel No

:

88-02-9664617, 8616641-50, 9661551-60

Fax No

:

880-2-96777772

E-mail

:

biswajit@dab-bd.org, info@dab-bd.org

Website

:

www.dab-bd.org

Date/ Year of Incorporation

:

28/02/1956

Tread License No.

:

N/A

Legal Form (General)

:

 Nonprofit Voluntary Organization             Public (but not listed)   Private Co 

 State-owned Co    Sole Proprietorships  Partnership                     Not Registered

 others (please specify) ________________

Legal form (Specific)

:

Organization   CORP    INC  CO    

 others (please specify) ________________

Issuing Authority

:

Registrar of Joint Stock Companies & Firms    City Corporation

 Ministry of Social Welfare                                   Union Council

 Cantonment Board                                               Chief Controller of  Import & Export (CCIE)

 

 

FINANCIALS- SUMMARY

      Year

Turnover/ Sales

 Assets

     Income

Nonprofit Voluntary Organization           

N/A

N/A

N/A

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

 

 

 

 

 

 

 

 

FULLCHECK REPORT DETAILS

 

                                                             Information Parted By

Name

:

Mr. Biswajit Majumder

Designation

:

Director(Finance Accounts)

Contract No

:

-           

 

 

                                                               Locations Details

 

Business Address

:

122, Kazi, Nazzrul Islam Academy Dhaka 1000 , Bangladesh     

Tel No

:

88-02-9664617, 8616641-50, 9661551-60

Fax No

:

880-2-96777772

E-mail

:

biswajit@dab-bd.org, info@dab-bd.org

Website

:

Nil

 

Location :

: Owned

Ö

 

Rented

 

 

Leased

 

Area

10,000

Sq. ft.

 

 

Type of Office :

  :       Commercial Office Bldg.

 

 

Semi-commercial office Bldg.

 

     

Hospitals

Ö

 

Industrial Park

 

     

 

Business Center

 

 

Home Office

 

     

 

Residential Bldg.

 

 

 

 

 

 

 

Warehouse:

 

 

Address

:

Nil

Tel No

:

Nil

Fax No

:

Nil

 

Branches:

 

 

Address

:

Nil

Tel No

:

Nil

Fax No

:

Nil

 

Employee:

 

 

 

No. of Employees 

 

In Office

:

250

Hospitals

:

4750

In Branch:

:

 

Total

:

5000

Details:

 

                    

 

 

 

BOARD OF DIRECTORS

 

Names of Board of Directors

               

:

 

Prof. A K Azad Khan- President

Mr M Moyeedul Islam- Vice-President

Mr Rafique-ul Huq - Vice-President

Maj Gen. (Retd.) Prof A R Khan- Vice-President

Mr Md Sayef Uddin- Secretary General

Prof. MH Khan- Treasurer

Prof Rashid-E-Mahbub- Joint Secretary General

Mr Md Shahidul Hasan- Joint Treasurer

Mr A Matin Chowdhury- Life Members

Syed Manjur Elahi- Life Members

Prof Dr. A H Syedur Rahman- Life Members

Mr. Mahbubuzzaman- Life Members

Dr Sarwar Ali- Life Members

Prof. Hajera Mahatab- Life Members

Prof. Mahmud Hasan- Life Members

Prof. Mahmuder Rahman- Life Members

Prof Harun-Ur Rashid- Life Members

Dr. Humaira Islam- Life Members

 

 

 

MANAGEMENT

 

Name

:

Prof Jamilur Reza Chowdhury

Job Description

:

Chairman (Tender and Purchase Committee)

Nationality

:

Bangladeshi

Email address

:

N/A

Other details

:

biswajit@dab-bd.org

 

 

 

Name

:

Mr. Biswajit Majumder

Job Description

:

Director(Finance Accounts)

Nationality

:

Bangladeshi

Email address

:

N/A

Other details

:

N/A

 

 

 

Name

:

Prof MH Khan Treasurer

Job Description

:

Tender and Purchase Committee

Nationality

:

Bangladeshi

Email address

:

N/A

Other details

:

N/A

 

 

BUSINESS OPERATIONS

 

Nature of Activity       :

Nonprofit Voluntary Socio-Medical Service

Ö

Trader

 

Dealer

 

Distributor

 

 

 

 

Exporter

 

Importer

 

Services

 

Others

 

 

 

Item Dealings In:

Products

:

Medical Service, Health Education

Production Capacity

:

N/A

Last Year Production

:

N/A

 

Trading Terms:

 

Purchasing Terms:

L/C

N/A

Cash

 

Others

 

 

 

Credit :

 

30 days

 

60 days

 

90 days

 

 

days

 

Selling Terms      :

L/C

N/a

Cash

 

Others

 

 

 

Credit :

 

30 days

 

60 days

 

90 days

 

 

days

 

 

DETAILED DATA

 

Trade Reference & Related Parties

:

 

Overseas Clients

:

N/A

Local Clients

:

N/A

 

Overseas Suppliers

:

N/A

Local Suppliers

:

N/A

 

Trade Markets

 

:

 

Exports

:

N/A

 

Imports

:

N/A

 

 

 

Brand Name

:

Nil

Certified

:

Nil

Auditors

:

 N/A

Operation Status

:

Active

Member

:

N/A

 

 

CAPITAL STRUCTURE

 

Capital Invested

:

BDT 5000  Million

 Assets

:

N/A

 

 

 

 

 

ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES

 

Sister Concerns

:

Nil

Subsidiary

:

Bangladesh Institute of Research & Rehabilitation in Diabetes,

                                                           Endocrine and Metabolic Disorders

Rehabilitation and Vocational Training Centre

National Healthcare Network

Ibrahim Cardiac hospital & Research Institute

Ibrahim Medical College

Bangladesh Institute of Health Science

Kidney and Liver Transplantation Unit

Name of  Mother organization

:

Bangladesh Diabeltic Samiti

 

BANKING

 

Bank Name  

:

Pubali Bank Ltd

Bank Address

:

Shishu Park Branch,

Shahbag, Dhaka

Tel: 880 2 8626987

 

 

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 at122, Kazi, Nazzrul Islam Academy Dhaka 1000 , Bangladesh     

 

 

GENERAL COMMENTS

 

The subject company is a well-known reputed Nonprofit Voluntary Socio-Medical Service Organization in Bangladesh

 

As well as its financial condition, we recommend that credit may proceed in moderate amounts.

 

 

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.64

UK Pound

1

Rs.98.98

Euro

1

Rs.77.74

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

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

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.