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Report No. : |
331657 |
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Report Date : |
15.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
DHAKA TOBACCO INDUSTRIES |
|
|
|
|
Registered Office : |
Akij Chamber 73, Dilkusha Commercial Area, Dhaka-1000 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Year of Incorporation : |
1981 |
|
|
|
|
Legal Form : |
Sole Proprietorships |
|
|
|
|
Line of Business : |
Manufacturer and Distributor of Cigarettes. |
|
|
|
|
No. of Employees : |
1282 |
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 |
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|
|
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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 – 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 |
|
Correct company Name |
: |
Dhaka Tobacco Industries |
|
Head Office |
: |
Akij Chamber 73, Dilkusha Commercial Area, Dhaka-1000, Bangladesh. |
|
Tel No |
: |
88-02-9563009, 9552262 |
|
Fax No |
: |
Nil |
|
E-mail |
: |
azad@akij.net |
|
Website |
: |
www.akijgroup.net |
|
Date/ Year of Incorporation |
: |
1981 |
|
Incorporation No. |
: |
N/A |
|
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’ 12~June’ 13 |
BDT
327 Million |
BDT 54.82 Million |
BDT
23.28 Million |
|
July’ 13~June’ 14 |
BDT
387 Million |
BDT
61.90 Million |
BDT
28.20 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 |
|
|
Name |
: |
Mr.
Md. Azad |
|
Designation |
: |
Asst. Manager Commercial. |
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Contract No |
: |
88-01717240078 |
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Operating Address |
: |
Akij Chamber 73, Dilkusha Commercial Area, Dhaka- 1000, Bangladesh. |
|
Tel No |
: |
88-02-9563009, 9552262 |
|
Fax No |
: |
Nil |
|
E-mail |
: |
azad@akij.net |
|
Website |
: |
www.akijgroup.net |
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Location : |
: Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
1800 |
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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|
|
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Business Center |
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Home Office |
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|
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Residential Bldg. |
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|
|
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Factory: |
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|
|
|
|
|
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Address |
: |
Morkun, Tongi, Gazipur, Bangladesh. |
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Tel No |
: |
Nil |
|
Fax No |
: |
Nil |
|
Owned |
Ö |
|
Rented |
|
|
Leased |
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Area |
1,60,000 |
Sq. ft. |
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Branches: |
|
|
|
|
|
|
|
Address |
: |
Nil |
|
Tel No |
: |
Nil |
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Fax No |
: |
Nil |
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Employee: |
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|||||||
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|||||||
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No. of
Employees |
In Office |
: |
60 |
In Factory |
: |
1222 |
||
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In Branch: |
: |
- |
Total |
: |
1282 |
|||
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Details: |
|
|
|
|||||
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Names of
Proprietor |
: |
Mr. Sheikh Akij Uddin |
|
Name |
: |
Mr.
Md. Azad |
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Job Description |
: |
Asst. Manager Commercial. |
|
Nationality |
: |
Bangladeshi. |
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Email address |
: |
N/A |
|
Other details |
: |
88-01717240078 |
|
|
|
|
|
Name |
: |
Mr. Md. Shahjahan |
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Job Description |
: |
Commercial Officer. |
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Nationality |
: |
Bangladeshi. |
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Email address |
: |
N/A |
|
Other details |
: |
N/A |
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Nature of
Activity : |
Manufacturer |
Ö |
Trader |
|
Dealer |
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Distributor |
Ö |
|
|
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|||||||
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Exporter |
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Importer |
|
Services |
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Others |
|
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Range of
Products : |
||
|
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||
|
Products |
: |
Cigarettes. |
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Production Capacity |
: |
1 Billion Per month. |
|
Last Year
Production |
: |
Do. |
Trading Terms:
|
Purchasing
Terms: |
L/C |
Ö |
Cash |
|
Others |
|
|
|||
|
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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 |
: |
Local Whole sellers |
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||
|
Overseas Suppliers |
: |
N/A |
Local Suppliers |
: |
N/A |
|
||||
|
Trade Markets |
: |
Exports |
: |
N/A |
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|||||
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Imports |
: |
China, India, Germany, Japan. |
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|||||||
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Brand Name |
: |
Navy, Legend, Five Star, Red & White,
K-2. |
||||||||
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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 |
: |
Dhaka Chamber of Commerce & Industry. |
||||||||
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Capital
Invested |
: |
BDT 20 Million |
|
Assets |
: |
BDT 61.90 Million |
|
Sister Concerns |
: |
Nebula Ink Ltd. Akij Online Ltd Ad-Din Hospital Akij Footwear Ltd. Akij Housing Ltd. Akij Computer Ltd. Akij Clorite Ltd. Saf Industries Ltd. Akij Shipping Ltd. Akij Jute Mills Ltd Akij Poly Fibre Ltd Akij Securities Ltd Akij Biri Factory Ltd. Leaf Processing Plant Akij Corporation Ltd. Akij Textile Mills Ltd. Ad-Din Welfare Trust Akij Foundation School Akij Match Factory Ltd. Akij Jarda Factory Ltd. Akij Match Factory Ltd. Akij Pharmaceuticals Ltd. Savar Industries (Pvt.) Ltd Sonar Bangla Cement Ltd. Akij Food & Beverage Ltd. Akij Cement Company Ltd. DTI Leaf Purchasing Centre Akij Transport Agency Ltd. Dhaka Tobacco Industries Ltd. Akij Printing & Packages Ltd. Seikh Akij Uddin High School Ad-Din Shishu Kishore Niketon Akij Cement Ready Mix Concrete Akij Particle And Hard Board Mills Ltd. |
|
Subsidiary |
: |
Nil |
|
Name of The Group |
: |
Akij Group. |
|
Bank Name |
: |
Janata Bank Ltd. |
|
Bank Address |
: |
Local Office, 1, Dilkusha Commercial Area, Dhaka-1000 PABX: 88-02-9556242-44, Phone: 88-02-9553106, 9556241 Fax: 88-02-9563639 |
|
|
||
|
Bank Name |
: |
Citi Bank N.A. |
|
Bank Address |
: |
Motijheel Branch 23, Motijheel C/A Dhaka-1000 Bangladesh Tel: 880 2 9550060 Fax: 880 2 9562236, 9570858 |
|
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 |
Our Representative Visited the subject company Head office which is
situated at Akij Chamber 73, Dilkusha Commercial Area, Dhaka-1000, Bangladesh.
It is situated at commercial area.
SC is considered medium-sized in its line with fairly stable financial
conditions.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.50 |
|
UK Pound |
1 |
Rs.98.20 |
|
Euro |
1 |
Rs.69.73 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
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.