|
Report Date : |
31.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
K. Y. C. R. COIL
INDUSTRIES LTD. |
|
|
|
|
Registered Office : |
255 Nasirabad I/A, Baizid Bostami Road, 4211, Chittagong |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
04.11.1995 |
|
|
|
|
Com. Reg. No.: |
CH-2071 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacturer & Distributor of Corrugated
Galvanized Sheet, Corrugated Coloured Sheet & Cold Rolled Closed Annealed |
|
|
|
|
No of Employees : |
550 (20 in Office & 530 in Factory) |
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 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
Company Name |
: |
K. Y. C. R. Coil Industries Ltd. |
|
Head
Office |
: |
255 Nasirabad I/A, Baizid Bostami Road, 4211,
Chittagong, Bangladesh. |
|
Tel
No |
: |
88-031-681241-4, 682474-8, 2580341-5 |
|
Fax
No |
: |
88-031-681398,
682836 |
|
E-mail |
: |
|
|
Website |
: |
|
|
Date/
Year
of Incorporation |
: |
04.11.1995 |
|
Incorporation No. |
: |
CH-2071 |
|
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 |
|
July’ 11~June’ 12 |
Tk. 325 Million |
Tk. 5453.93 Million |
Tk. 17.25 Million |
|
July’ 12~June’ 13 |
Tk. 385 Million |
Tk. 5521.50 Million |
Tk. 38.90 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 |
|
Information
Parted By
|
||
|
|
|
|
|
Name |
: |
Mr. Kamruddin |
|
Designation |
: |
Executive
Officer. |
|
Contact No |
: |
88-01730787175 |
Locations Details
|
||
|
|
||
|
Operating
Address |
: |
255 Nasirabad I/A, Baizid Bostami Road, 4211,
Chittagong, Bangladesh. |
|
Tel
No |
: |
88-031-681241-4, 682474-8, 2580341-5 |
|
Fax
No |
: |
88-031-681398,
682836 |
|
E-mail |
: |
|
|
Website |
: |
|
|
Location : |
: Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
2400 |
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 |
: |
Jouramtall,
Boro Kumira, Sitakunda, Chittagong, Bangladesh. |
|
Tel
No |
: |
88-031-713127, 7120803, 8821722 |
|
Fax
No |
: |
88-031-720817, 8825218 |
|
Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
500940 |
Sq. ft. |
|
Branches: |
|
|
|
Address |
: |
House No# 63,
Road No# 04, Block# C, Banani, Dhaka-1213, Bangladesh. |
|
Tel
No |
: |
Nil |
|
Fax
No |
: |
Nil |
|
Employee: |
|
||||||
|
No.
of Employees |
In
Office |
: |
20 |
In
Factory |
: |
530 |
|
|
In Branch: |
: |
- |
Total
|
: |
550 |
||
OWNERSHIP/SHAREHOLDERS |
|
|
Names of Shareholders |
No. of Share |
|
Mr. Salim Rahman |
18000000 |
|
Mr. Khalilur Rahman
|
12000000 |
|
Mrs. Tahsina Rahman
|
10000000 |
|
IY Steel Industries
Ltd. |
3000000 |
|
KDS Garment
Industries Ltd. |
22240000 |
|
KDS Hi-Tech
Garments (BD) Ltd. |
28000000 |
|
KY Steel Mills Ltd.
|
37000000 |
DIRECTORS
|
|
|
Name |
Designation |
|
Mr. Salim Rahman |
Chairman |
|
Mr. Khalilur Rahman |
Managing Director |
|
Mrs. Tahsina Rahman |
Director |
MANAGEMENT
|
||
|
Name |
: |
Mr. Kamruddin |
|
Job Description |
: |
Executive Officer. |
|
Nationality |
: |
Bangladeshi. |
|
Email address |
: |
N/A |
|
Other details |
: |
88-01730787175 |
|
|
|
|
|
Name |
: |
Mr. Shuvroto Dev |
|
Job Description |
: |
HR Officer. |
|
Nationality |
: |
Bangladeshi. |
|
Email address |
: |
N/A |
|
Other details |
: |
N/A |
|
Nature
of Activity : |
Manufacturer |
Ö |
Trader |
|
Dealer |
|
Distributor |
Ö |
|
|
|
|||||||
|
|
Exporter |
|
Importer |
|
Services |
|
Others |
|
|
Range of Products: |
||
|
|
||
|
Products |
: |
Corrugated Galvanized Sheet, Corrugated Coloured
Sheet & Cold Rolled Closed Annealed.
|
|
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 |
: |
China, India, Thailand. |
|
|||||||
|
|
|
|||||||||
|
Brand Name |
: |
N/A |
||||||||
|
Certified |
: |
N/A |
||||||||
|
Auditors |
: |
N/A |
||||||||
|
Operation Status |
: |
Active. |
||||||||
|
Member |
: |
N/A |
||||||||
|
Authorized
Capital |
: |
Tk. 500 Crore |
|
||||||
|
Paid-up Capital |
: |
Tk.1, 30,24,00,000 |
No. of Shares |
: |
13,02,40,000 |
Share Value |
: |
Tk.10.0Each |
|
|
Main
Assets |
: |
Tk. 5521.50 Million |
|
||||||
|
The subject company don’t submit update full financial
figure to local registry office. |
|
Sister
Concerns |
: |
Kds Paper and Board Mills
Ltd. KDS Yarn Dyeing
Industries Ltd. KDS Communication
Limited KDS Spinning Mills Ltd. KDS Knitting Industries
Ltd. KDS Properties Ltd. KDS Cotton Poly Thread
Industries Ltd. Kds Printing Industries
Ltd. KDS Information
Technologies Co. & Ltd KDS Apparels Ltd. KDS Hi-Tech Garments (BD)
Ltd KDS QAC Limited KDS Textile Mills Ltd. KDS Fashions Ltd. KDS Packaging Industries
Ltd. KDS Minerals Ltd. KDS Energy Ltd. KDS Logistics Ltd. |
|
Subsidiary |
: |
Nil |
|
Name of
The Group |
: |
KDS Group |
|
Bank
Name |
: |
Standard Bank Ltd. |
|
Bank
Address |
: |
Asadganj Branch, Ram Joy Mahajan Lane P.O.-G.P.O Chittagong. P.S.-Kotwali Chittagong-4000 Tel: 637728 Email: br2783@bangla.net |
|
|
||
|
Bank
Name |
: |
Agrani Bank
Ltd.
|
|
Bank
Address |
: |
Asadganj Branch, Ram Joy Mahajan Lane P.O.-G.P.O Chittagong. P.S.-Kotwali Chittagong-4000 Tel: 637728 Email: br2783@bangla.net |
|
Bank
Name |
: |
One Bank Ltd. |
|
Bank
Address |
: |
Asadganj Branch, Ram Joy Mahajan Lane P.O.-G.P.O Chittagong. P.S.-Kotwali Chittagong-4000 Tel: 637728 Email: br2783@bangla.net |
|
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.59.03 |
|
UK Pound |
1 |
Rs.98.91 |
|
Euro |
1 |
Rs.80.33 |
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.