|
Report Date : |
03.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
ORBITAL
INTERNATIONAL INC |
|
|
|
|
Registered Office : |
House#4, Road# 2, P. C. Culture Housing Society, Shyamoli Mohammedpur,
Dhaka-1207 |
|
|
|
|
Country : |
Bangladesh |
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|
|
|
Year of Establishment : |
2009 |
|
|
|
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Com. Reg. No.: |
Not Available |
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|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Engaged in Importer & Sellers of Medical Books |
|
|
|
|
No of Employees : |
08 (Office) |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Bangladesh |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
IDENTIFICATION DETAILS
|
||
|
|
||
|
Correct
Concern Name |
: |
Orbital International
Inc. |
|
Head
Office |
: |
House#4, Road# 2, P. C. Culture Housing Society,
Shyamoli Mohammedpur, Dhaka-1207, Bangladesh. |
|
Tel
No |
: |
88-02-9119936, 01713115069 |
|
Previous Address |
: |
160-Ka,P.C.Culture Housing Society Shyamoli
Mohammedpur, Dhaka-1207,Bangladesh |
|
E-mail |
: |
|
|
Website |
: |
Nil |
|
Year
of Incorporation |
: |
2009 |
|
Incorporation No. |
: |
N/A |
|
Legal
Form (General) |
: |
Public Listed Co Public (but not listed) Private Co
State-owned Co Sole
Proprietorship 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) |
|
Year |
Turnover/ Sales |
Assets |
|
|
July’ 11~June’ 12 |
Tk. 15 Million |
Tk. 8.5 Million |
|
|
July’ 12~June’ 13 |
Tk. 21 Million |
Tk. 9.20 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 |
|
Information
Parted By
|
||
|
|
|
|
|
Name |
: |
Mr. Md. Parvez |
|
Designation |
: |
Admin Officer |
Locations
Details
|
||
|
|
||
|
Operating Address |
: |
House#4, Road# 2, P. C. Culture Housing Society,
Shyamoli Mohammedpur, Dhaka-1207, Bangladesh. |
|
Tel
No |
: |
88-02-9119936, 01713115069 |
|
Fax
No |
: |
Nil |
|
E-mail |
: |
|
|
Website |
: |
Nil |
|
Location : |
: Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
750 |
Sq. ft. |
|
Type of Office : |
: Commercial Office Bldg. |
|
|
Semi-commercial
office Bldg. |
|
|
|
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Retail shop |
|
|
Industrial Park |
|
|
|
|
Business Center |
|
|
Home Office |
|
|
|
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Residential
Bldg. |
Ö |
|
|
|
|
|
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Warehouse: |
|
|
|
|
|
|
|
Address |
: |
House#4, Road# 2, P. C. Culture Housing Society,
Shyamoli Mohammedpur, Dhaka-1207, Bangladesh. |
|
Tel
No |
: |
88-02-9119936, 01713115069 |
|
Fax
No |
: |
Nil |
|
Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
1500 |
Sq. ft. |
|
Showroom: |
|
|
|
|
|
|
|
Address |
: |
New Market,
Shop# 168, Dhaka-1205, Bangladesh. |
|
Tel
No |
: |
88-02-9615215-6 |
|
Fax
No |
: |
Nil |
|
Location : |
Owned |
|
|
Rented |
|
|
Leased |
|
Area |
|
Sq. ft. |
|
Employee: |
|
||||||
|
|
|
||||||
|
No.
of Employees |
In
Office |
: |
8 |
In
Factory |
: |
- |
|
|
In Branch: |
: |
- |
Total
|
: |
8 |
||
PROPRIETOR/PARTNERS
|
||
|
Names of Proprietor
|
: |
Mr. Mahabubul Islam |
MANAGEMENT
|
||
|
Name |
: |
Mr. Md. Parvez |
|
Job Description |
: |
Admin Officer |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
N/A |
|
Other details |
: |
N/A |
|
|
|
|
|
Name |
: |
Mr. Md. Emdad |
|
Job Description |
: |
Officer |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
N/A |
|
Other details |
: |
N/A |
|
Nature
of Activity : |
Manufacturer |
Trader |
|
Sellers |
Ö |
Distributor |
|
|
|
|
|
|||||||
|
|
Exporter |
|
Importer |
Ö |
Services |
|
Others |
|
|
Item Dealings In: |
||
|
Products |
: |
Medical Books
|
|
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 |
|
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 |
: |
India |
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|||||||
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|||||||||
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Brand Name |
: |
N/A |
||||||||
|
Certified |
: |
N/A |
||||||||
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Auditors |
: |
N/A |
||||||||
|
Operation Status |
: |
Active |
||||||||
|
Member |
: |
N/A |
||||||||
|
Capital
Invested |
: |
Tk.
8 Million |
|
Assets |
: |
Tk.
1.55 Million |
|
Sister
Concerns |
: |
Shaurov Publishers &
Distributors Wave Link Ltd |
|
Subsidiary |
: |
Nil |
|
Name of
The Group |
: |
Nil |
|
Bank
Name |
: |
Shahajalal Islami Bank Ltd. |
|
Bank
Address |
: |
Main Branch, Mr. S. M. Jahangir Hussain Sr. Executive Vice President Karim Chamber, 99, Motijheel C/A, Dhaka – 1000 Phone: 01755556122, 01755556222, 02- 9563156,9562763,95735 Fax: 88-02-9564029 motijheel@shahjalalislamibank.com
Opened on: 22
Aug, 2007 |
|
|
||
|
Bank
Name |
: |
South East
Bank Ltd. |
|
Bank
Address |
: |
Elephant Road Branch Kazi Bhaban 39, New Elephant Road, (1st & 2nd Floor), P.S. Dhanmondi, Dhaka – 1205, Bangladesh. Phone: 9674588, 9674327, 9674324 - 5 Fax: 88 - 02 - 9674326 Swift: SEBDBDDHNER Routing No: 205263497 Mr. Saiful Islam Chowdhury Vice President |
|
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 |
|
Adopted
Abbreviations: |
|||
|
NA- Not Available |
TK- Bangladeshi Taka |
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.97 |
|
UK Pound |
1 |
Rs.102.89 |
|
Euro |
1 |
Rs.82.02 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MNL |
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.