|
Report Date : |
10.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
DHAKA TRADING HOUSE LTD. |
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Registered Office : |
53, Level # 11, Purana Paltan, Dhaka-1000 |
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Country : |
Bangladesh |
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Date of Incorporation : |
21.12.2010 |
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Com. Reg. No.: |
C-88991 |
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Legal Form : |
Private Company |
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Line of Business : |
Manufacturer & Exporter of Raw Jute |
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No. of Employees |
400 |
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 |
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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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
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Correct
company Name |
: |
Dhaka Trading House
Ltd. |
|
Head
Office |
: |
53, Level # 11, Purana Paltan, Dhaka-1000,
Bangladesh. |
|
Tel
No |
: |
88-02-9569890 |
|
Fax
No |
: |
88-02-9514825,
9569678 |
|
E-mail |
: |
|
|
Website |
: |
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|
Date/
Year
of Incorporation |
: |
21.12.2010 |
|
Incorporation No. |
: |
C-88991 |
|
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) |
|
Year |
Turnover/ Sales |
Assets |
Income |
|
July’
11~June’ 12 |
Tk. 275 Million |
Tk. 220 Million |
Tk. 9.65 Million |
|
July’
12~June’ 13 |
Tk. 281 Million |
Tk. 222.5 Million |
Tk. 13.21 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
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Name |
: |
Mr. Sheik
Shahidul Islam. |
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Designation |
: |
Factory Director. |
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Contract No |
: |
88-01711432671 |
Locations Details
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Operating
Address |
: |
53, Level # 11, Purana Paltan, Dhaka-1000,
Bangladesh. |
|
Tel
No |
: |
88-02-9569890 |
|
Fax
No |
: |
88-02-9514825,
9569678 |
|
E-mail |
: |
|
|
Website |
: |
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Location : |
: Owned |
|
Rented |
Ö |
|
Leased |
|
Area |
2800 |
Sq. ft. |
|
Type of Office : |
: Commercial Office Bldg. |
Ö |
|
Semi-commercial
office Bldg. |
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Retail shop |
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Industrial Park |
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Business Center |
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Home Office |
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Residential
Bldg. |
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Factory: |
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Address |
: |
RailGate,
Daulatpur, Khulna, Bangladesh. |
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Tel
No |
: |
88-041-774589 |
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Fax
No |
: |
88-041-774578 |
|
Owned |
|
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Rented |
Ö |
|
Leased |
|
Area |
65000 |
Sq. ft. |
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Branches: |
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Address |
: |
Baitul Khair,
(12th floor), 48/A-B, Purana Paltan, Dhaka-1000, Bangladesh. |
|
Tel
No |
: |
88-02-9569890, |
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Fax
No |
: |
88-02-9514825, 9569678 |
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Employee: |
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No.
of Employees |
In
Office |
: |
20 |
In
Factory |
: |
380 |
||
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In Branch: |
: |
- |
Total
|
: |
400 |
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Details: |
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OWNERSHIP/SHAREHOLDERS
|
|
|
Names of Shareholders |
No. of Share |
|
Mr. Al-Haj Md. Tipu
Sultan |
450000 |
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Mr. A. K. M.
Barkatullah |
250000 |
|
Mr. Abul Kalam Md.
Rafiqul Islam |
250000 |
|
Mr. Sheikh Shahidul
Islam |
50000 |
DIRECTORS
|
|
|
Name |
Designation |
|
Mr. A. K. M.
Barkatullah |
Chairman |
|
Mr. Al-Haj Md. Tipu
Sultan |
Managing Director |
|
Mr. Abul Kalam Md.
Rafiqul Islam |
Director |
|
Mr. Sheikh Shahidul
Islam |
Director |
MANAGEMENT
|
||
|
Name |
: |
Mr. Sheik Shahidul
Islam. |
|
Job Description |
: |
Factory Director. |
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Nationality |
: |
88-01711432671 |
|
Email address |
: |
N/A |
|
Other details |
: |
N/A |
|
|
|
|
|
Name |
: |
Mr. Jasim Uddin. |
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Job Description |
: |
Front Desk Officer. |
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Nationality |
: |
Bangladeshi. |
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Email address |
: |
N/A |
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Other details |
: |
N/A |
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Nature
of Activity : |
Manufacturer |
Ö |
Trader |
|
Dealer |
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Distributor |
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|||||||
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Exporter |
Ö |
Importer |
|
Services |
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Others |
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Item Dealings In: |
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Products |
: |
Raw Jute.
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Production
Capacity |
: |
N/A |
|
Last Year Production |
: |
N/A |
Trading Terms:
|
Purchasing
Terms: |
L/C |
Ö |
Cash |
|
Others |
|
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|||
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Credit
: |
|
30
days |
|
60
days |
Ö |
90
days |
|
|
days |
|
Selling
Terms : |
L/C |
Ö |
Cash |
|
Others |
|
|
|||
|
|
Credit
: |
|
30
days |
|
60
days |
Ö |
90
days |
|
|
days |
|
Trade Reference & Related Parties |
: |
Overseas Clients |
: |
N/A |
Local Clients |
: |
N/A |
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Overseas Suppliers |
: |
N/A |
Local Suppliers |
: |
N/A |
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Trade Markets |
: |
Exports |
: |
UK, Australia,
Japan, Turkey. |
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Imports |
: |
China, India. |
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Brand Name |
: |
N/A |
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Certified |
: |
N/A |
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Auditors |
: |
N/A |
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Operation Status |
: |
Active. |
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Member |
: |
Bangladesh Jute Association. |
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CAPITAL STRUCTURE
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Authorized Capital |
: |
Tk. 500 Million. |
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||||||
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Paid-up Capital |
: |
Tk. 10, 00,00,000 |
No. of Shares |
: |
10, 00,000 |
Share Value |
: |
Tk.100.0Each |
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|
Main Assets |
: |
Tk.222.5 Million |
|
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FINANCIAL STATEMENT- DETAILED
|
|
The subject company
don’t submit update full financial figure to local registry office. |
ASSOCIARES/SUBSIDIARIES/ RELATED
PARTIES
|
||
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Sister Concerns |
: |
N/A |
|
Subsidiary |
: |
N/A |
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Name of The Group |
: |
N/A |
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Bank Name |
: |
Rupali Bank Ltd. |
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Bank Address |
: |
Daulatpur, Kkulna. Khalishpur, Kkulna |
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Dishonored
Checks |
: |
No Record
Found |
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Debt |
: |
No Record Found |
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Litigation |
: |
Clear |
|
Performance
Defaults |
: |
No Record
Found |
|
Adverse Local Media Coverage/ Adverse Filling History |
: |
No Record Found |
|
Our Representative Visited
the subject company Head office which is situated at Level # 11, 53, Purana
Paltan, Dhaka-1000, Bangladesh. The subject company Factory Director Mr.
Sheik Shahidul Islam given us all information. Is situated at commercial area
which is a well decorated modern office. |
GENERAL COMMENTS
|
|
Established in Dec.
2010, Subject is mainly engaged in Exporter of Raw Jute. Having been in
operation for several years, Subject maintains acceptable business volume.
Subject enjoys some recognition and impact in the line. |
|
Adopted
Abbreviations: |
|||
|
NA- Not Available |
TK- Bangladeshi Taka |
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|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.99 |
|
UK Pound |
1 |
Rs.102.07 |
|
Euro |
1 |
Rs.84.53 |
INFORMATION DETAILS
|
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 |
|
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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.