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Report No. : |
335954 |
|
Report Date : |
11.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
ENGREEN SHARISHABARI SOLAR PLANT LTD. |
|
|
|
|
Registered Office : |
House 5/10, Lalmatia Housing Socity, Block-D, Dhaka-1207 |
|
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Country : |
Bangladesh
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Date of Incorporation : |
08.09.2014 |
|
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|
|
Legal Form : |
Private Company |
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|
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Line of Business : |
Manufacturer and Distributor of Solar Electricity |
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|
|
|
No. of Employees : |
25 |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
-- |
NB |
New Business |
-- |
|
|
Status : |
New Business |
|
Payment Behaviour : |
Unknown |
|
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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
: |
ENGREEN SHARISHABARI SOLAR PLANT LTD. |
|
Head Office |
: |
House5/10, Lalmatia Housing Socity, Block-D,
Dhaka-1207, Bangladesh |
|
Tel No |
: |
88-02-9130178-9 |
|
Fax No |
: |
Nil |
|
E-mail |
: |
info@engreen.com.bd |
|
Website |
: |
www.engreen.com.bd |
|
Date/ Year of Incorporation |
: |
08/09/2014 |
|
Incorporation No. |
: |
C-118039
|
|
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
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|||
|
Year |
Turnover/
Sales |
Assets |
Income/
(Loss) |
|
New Company |
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
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Information Parted By |
||
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Name |
: |
Mr. Golam Mustafa |
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Designation |
: |
Engineer |
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Contract No |
: |
88-01711846081 |
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Locations Details |
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Operating Address |
: |
House5/10, Lalmatia Housing Socity, Block-D, Dhaka-1207, Bangladesh |
|
Tel No |
: |
88-02-9130178-9 |
|
Fax No |
: |
Nil |
|
E-mail |
: |
info@engreen.com.bd |
|
Website |
: |
www.engreen.com.bd |
|
Location : |
: Owned |
|
Rented |
Ö |
|
Leased |
|
Area |
1400 |
Sq. ft. |
|
Type of Office : |
:
Commercial Office Bldg. |
|
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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. |
Ö |
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Plant
Address : |
||
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|
|
|
Address |
: |
Sarishabari, Jamalpur, Bangladesh |
|
Tel No |
: |
Nil |
|
Fax No |
: |
Nil |
|
Owned |
Ö |
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Rented |
|
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Leased |
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Area |
5 |
Sq. ft. |
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Branches: |
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Address |
: |
House #13/5( 2nd Floor), Block-A, Aurangzeb
Road, Mohammadpur, Dhaka-1207, Bangladesh |
|
Tel No |
: |
88-02-9185274, 0 1511 123 123 |
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Fax No |
: |
Nil |
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Employee: |
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No. of Employees |
In Office |
: |
25 |
In Factory |
: |
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||
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In Branch: |
: |
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Total |
: |
25 |
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Details: |
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OWNERSHIP/SHAREHOLDERS
|
|
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Names of Shareholders |
No. of
Share |
|
IFE Erilsen AG |
5000 |
|
Concord Pragatee Consortium Ltd. |
15000 |
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Jupiter Energy Ltd. |
5000 |
DIRECTORS
|
|
|
Name |
Designation |
|
Mr. Nasir Latif |
Chairman |
|
Mr. Md. Mushfiqur Rahman |
Managing Director |
|
Engr. Zahurul Islam Khan |
Director |
|
Mr. Stefan Duthel |
Director |
MANAGEMENT
|
||
|
Name |
: |
Mr. Akbar Hossain |
|
Job Description |
: |
Executive
Director (Commercial) |
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Nationality |
: |
Bangladeshi. |
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Email address |
: |
N/A |
|
Other details |
: |
88-01713047737 |
|
Name |
: |
Mr. Abdul Awal |
|
Job Description |
: |
Executive
Director (Accounts) |
|
Nationality |
: |
Bangladeshi. |
|
Email address |
: |
N/A |
|
Other details |
: |
N/A |
BUSINESS
OPERATIONS
|
||||||||
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Nature of Activity : |
Manufacturer |
Ö |
Trader |
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Dealer |
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Distributor |
Ö |
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|||||||
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Exporter |
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Importer |
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Services |
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Others |
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Item Dealings
In: |
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Products |
: |
Solar Electricity |
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Production Capacity |
: |
N/A |
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Last Year
Production |
: |
N/A |
Trading Terms:
|
Purchasing Terms: |
L/C |
Ö |
Cash |
Ö |
Others |
|
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|||
|
|
Credit : |
|
30 days |
|
60 days |
|
90 days |
|
|
days |
|
Selling Terms : |
L/C |
Ö |
Cash |
Ö |
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 |
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||||
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Trade Markets |
: |
Exports |
: |
N/A |
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|||||
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Imports |
: |
N/A |
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|||||||
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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 |
||||||||
|
Member |
: |
N/A |
||||||||
CAPITAL STRUCTURE
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|
||||||||
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Authorized
Capital |
: |
BDT 50 Million |
|
||||||
|
Paid-up Capital |
: |
BDT 2500000 |
No. of Shares |
: |
25000 |
Share
Value |
: |
BDT100.00Each |
|
|
Main Assets |
: |
N/A |
|
||||||
FINANCIAL
STATEMENT- DETAILED
|
|
The subject company don’t submit update financial
figure to local registry office. |
ASSOCIARES/SUBSIDIARIES/RELATED
PARTIES
|
||
|
Sister Concerns |
: |
Sharb Engreen Ltd Precision Energy Ltd. Pragatee Builders Ltd. Cosmos Properties Ltd. Precision Networks Ltd. Prudent Super Malls Ltd Precision Associates Ltd. Pragati Insurance Limited Concord Pragatee Consortium Ltd. |
|
Subsidiary |
: |
Nil |
|
Name of The Group |
: |
Nil |
BANKING
|
|
|
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Bank Name
|
: |
Prime Bank Ltd |
|
Bank Address |
: |
Dhanmondi Branch Momtaz Plaza (1st Floor), House # 7, Road # 4, Dhanmondi R/A, Dhaka, Bangladesh Tel: 88- 02-8622304, 9662704 Fax: 88-02-9662705 |
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|
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Bank Name
|
: |
Eastern Bank Ltd |
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Bank Address |
: |
Dhanmondi Branch House # 21, Road # 8, Dhanmondi R/A, Dhaka, Bangladesh Tel: 88-02 9126141, 9146235, 9114145 Fax: 88-02 9114145 |
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
at House #5/10, Lalmatia Housing Socity, Block-D, Dhaka-1207, Bangladesh. It
is Situated Commercial area. |
GENERAL
COMMENTS
|
|
The subject company engaged in manufacturer of Solar Electricity. It
is under construction. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.76 |
|
|
1 |
Rs.98.76 |
|
Euro |
1 |
Rs.69.88 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.