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Report No. : |
316732 |
|
Report Date : |
16.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
BUILDTRADE FOILS LTD. |
|
|
|
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Registered Office : |
340, Tejgaon I/A, Tejgaon, Dhaka-1208 |
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Country : |
Bangladesh
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Date of Incorporation : |
21.10.2012 |
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|
Legal Form : |
Private Company |
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|
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Line of Business : |
Manufacturer and Distributor and All kinds of Foils. |
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|
|
|
No. of Employees : |
85 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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,
accounted for more than 80% of total exports and surpassed $18 billion in 2014.
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 $14 billion and 8%
of GDP in 2014 - are the largest contributors to Bangladesh’s current account
surplus and rising foreign exchange holdings.
|
Source
: CIA |
IDENTIFICATION DETAILS
|
||
|
Correct company Name |
: |
BUILDTRADE FOILS LTD. |
|
Head Office |
: |
340, Tejgaon I/A, Tejgaon, Dhaka-1208, Bangladesh |
|
Tel No |
: |
88-02-9121866, 8258451 |
|
Fax No |
: |
88-02-9143389 |
|
E-mail |
: |
buildtradefoilsho@gmail.com |
|
Website |
: |
www.buildtradefoils.com |
|
Date/ Year of Incorporation |
: |
21.10. 2012 |
|
Incorporation No. |
: |
C-105293 |
|
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’ 13~June’
14 |
BDT 168 Million |
BDT 92.50 Million |
BDT 5.88
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 |
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FULLCHECK
REPORT DETAILS
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Information Parted By |
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Name |
: |
Ms. Farjana Azam |
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Designation |
: |
DGM (Technical) |
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Contract No |
: |
N/A |
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Locations Details |
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|
Business Address |
: |
340, Tejgaon I/A, Tejgaon, Dhaka-1208, Bangladesh |
|
Tel No |
: |
88-02-9121866, 8258451 |
|
Fax No |
: |
88-02-9143389 |
|
E-mail |
: |
buildtradefoilsho@gmail.com |
|
Website |
: |
www.buildtradefoils.com |
|
Location : |
: Owned |
|
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Rented |
Ö |
|
Leased |
|
Area |
1650 |
Sq. ft. |
|
Type of Office : |
:
Commercial Office Bldg. |
Ö |
|
Semi-commercial
office Bldg. |
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|
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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 |
: |
Vill + Post: Kalampur, P.S: Dhamrai, Dhaka,
Bangladesh |
|
Tel No |
: |
Nil |
|
Fax No |
: |
Nil |
|
Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
24,000 |
Sq. ft. |
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Commercial Officer: |
||
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Address |
: |
House# 114 (3rd Floor), Road# 12, Block# E,
Banani, Dhaka-1213, Bangladesh. |
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Tel No |
: |
88-02-8817256 |
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Fax No |
: |
Nil |
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Branches: |
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Address |
: |
Dhaka Trade Centre (6th Floor) 99, Kazi
Nazrul Islam Avenue, Kawran Bazar, Dhaka-1215, Bangladesh. |
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Tel No |
: |
Nil |
|
Fax No |
: |
Nil |
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Employee: |
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|||||||
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No. of Employees |
In Office |
: |
7 |
In Factory |
: |
70 |
||
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In Branch: |
: |
8 |
Total |
: |
85 |
|||
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Details: |
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|||||
OWNERSHIP/SHAREHOLDERS
|
|
|
Names of
Shareholders |
No. of Share |
|
Al-Hajj Mohammad Mosaddak Ali |
20,000 |
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Mr. Md. Enayetur Rahman |
15,000 |
|
Engr. Md. Zakir Hossain Sarker |
15,000 |
DIRECTORS
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|||
|
Name |
Designation |
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||
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Al-Hajj Mohammad Mosaddak Ali |
Chairman |
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Md. Enayetur Rahman |
Vice Chairman |
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Engr. Md. Zakir Hossain Sarker |
Managing Director |
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MANAGEMENT
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||||
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Name |
: |
Najmul Haqe |
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Job Description |
: |
Company Secretary |
||
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Nationality |
: |
Bangladesh |
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Email address |
: |
Nil |
||
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Other details |
: |
Nil |
||
|
|
|
|
||
|
Name |
: |
Ms. Farjana Azam |
||
|
Job Description |
: |
DGM (Technical) |
||
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Nationality |
: |
Bangladesh |
||
|
Email address |
: |
Nil |
||
|
Other details |
: |
Nil |
||
BUSINESS
OPERATIONS
|
||||||||
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Nature of Activity : |
Manufacturer |
Ö |
Trader |
|
Dealer |
|
Distributor |
Ö |
|
|
|
|||||||
|
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Exporter |
|
Importer |
|
Services |
|
Others |
|
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Range of
Products/Item Dealings In: |
||
|
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||
|
Products |
: |
All
kinds of Foils. |
|
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 |
: |
N/A |
|
|
Overseas Suppliers |
: |
N/A |
Local Suppliers |
: |
N/A |
|||
|
Trade Markets |
: |
Exports |
: |
N/A |
||||
|
Imports |
: |
India, China |
||||||
|
Brand Name |
: |
Nil |
||||||
|
Certified |
: |
Nil |
||||||
|
Auditors |
: |
N/A |
||||||
|
Operation Status |
: |
Active |
||||||
|
Member |
: |
N/A |
||||||
CAPITAL STRUCTURE
|
||||||||
|
Authorized
Capital |
: |
BDT 100 Million |
||||||
|
Paid-up Capital |
: |
BDT 5000000 |
No.
of Shares |
: |
50000 |
Share Value |
: |
BDT 100.00Each |
|
Main Assets |
: |
BDT 92.50 Million |
||||||
FINANCIAL
STATEMENT- DETAILED
|
|
The subject company don’t submit update
financial figure to local registry office. |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
|
||
|
Sister Concerns |
: |
Channel 9 South Asia Foundation BEL Construction SDN BHD Buildtrade Properties Limited Buildtrade Color Coat Limited Innovative Corporation Limited Sabina Fisheries and Dairy Firm Buildtrade Engineering Limited Buildtrade Structures (BD) Limited International Television Channel Limited |
|
Subsidiary |
: |
N/A |
|
Name of The Group |
: |
Buildtrade Group |
BANKING
|
|
|
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Bank Name
|
: |
Islami Bank
Bangladesh Ltd. |
|
Bank Address |
: |
Local Office 75, Motijheel C/A, Dhaka-1000 Phone: 02-9571201-2, 9568187, PABX-9552897 Mobile: 01711-694317 G B# 01711-693901-03 Fax: 880-2-9561105, 9561995 |
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|
|
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Bank Name
|
: |
AB Bank Ltd. |
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Bank Address |
: |
Gulshan Branch House CWN(A)3, Road 49 |
|
|
||
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 address
which is situated at 340, Tejgaon Industrial
Area, Tejgaon, Dhaka-1208, Bangladesh |
GENERAL
COMMENTS
|
|
The subject
company is engaged in manufacturer & Distributor. It is reputed company
in this line of business. We recommended that Credit can proceed normally in
Moderate amount. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.40 |
|
|
1 |
Rs.92.15 |
|
Euro |
1 |
Rs.66.48 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
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.