MIRA INFORM REPORT
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Report No. : |
332329 |
|
Report Date : |
20.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
GALAXY TRADE
INTERNATIONAL |
|
|
|
|
Registered Office : |
Galaxy Building Complex, House#491, Road#32, New DOHS Mohakhali, Dhaka-1206, Bangladesh. |
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Country : |
Bangladesh |
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Year of Establishment : |
1984 |
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|
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|
Legal Form : |
Sole Proprietorships |
|
|
|
|
Line of Business : |
Sellers and Importer of Bi
Cycle & Spares Parts |
|
|
|
|
No. of Employees : |
8 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small Concern |
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|
|
|
Payment Behaviour : |
Slow but correct |
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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 |
EXECUTIVE
SUMMARY
|
IDENTIFICATION DETAILS |
||
|
Correct company Name |
: |
Galaxy Trade International |
|
Head Office |
: |
Galaxy Building Complex, House#491, Road#32, New DOHS Mohakhali, Dhaka-1206, Bangladesh. |
|
Tel No |
: |
88-02-9884728, 9862882 |
|
Fax No |
: |
Nil |
|
E-mail |
: |
galaxy@galaxytradebd.com |
|
Website |
: |
www.galaxytradebd.com |
|
Date/ Year of Incorporation |
: |
1984 |
|
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) |
FINANCIALS-
SUMMARY
|
Year |
Turnover/
Sales |
Assets |
Income |
|
July’ 12~June’ 13 |
BDT 38 Million |
BDT
14.65 Million |
BDT
1.20 Million |
|
July’ 13~June’ 14 |
BDT 55 Million |
BDT
16.20 Million |
BDT
1.85 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 |
|
FULLCHECK
REPORT DETAILS
|
Information Parted By |
||
|
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|
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Name |
: |
Mr. Abdur Rouf |
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Designation |
: |
General Manager |
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Contract No |
: |
88-01711470759 |
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Locations Details |
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|
Operating Address |
: |
Galaxy Building Complex, House#491, Road#32, New DOHS Mohakhali, Dhaka-1206, Bangladesh. |
|
Tel No |
: |
88-02-9884728, 9862882 |
|
Fax No |
: |
Nil |
|
E-mail |
: |
galaxy@galaxytradebd.com |
|
Website |
: |
www.galaxytradebd.com |
|
Location : |
: Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
1200 |
Sq. ft. |
|
Type of Office : |
:
Commercial Office Bldg. |
|
|
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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Warehouse: |
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Address |
: |
Galaxy Building Complex Road#32, House#491, New DOHS, Mohakhali, Dhaka-1206, Bangladesh. |
|
Tel No |
: |
Nil |
|
Fax No |
: |
Nil |
|
Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
1800 |
Sq. ft. |
|
Show Room: |
|
|
|
|
|
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Address |
: |
199, Bangshal Road, Dhaka-1100, Bangladesh. |
|
Tel No |
: |
Nil |
|
Fax No |
: |
Nil |
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Employee: |
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No. of Employees |
In Office |
: |
8 |
In Factory |
: |
- |
||
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In Branch: |
: |
- |
Total |
: |
8 |
|||
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Details: |
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|||||
PROPRIETOR/PARTNERS
|
Names of
Proprietor |
: |
Mr. Mohammad Mohiuddin |
MANAGEMENT
|
Name |
: |
Mr. Abdur Rouf |
|
Job Description |
: |
General Manager |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
N/A |
|
Other details |
: |
88-01711470759 |
BUSINESS
OPERATIONS
|
Nature of Activity : |
Manufacturer |
Trader |
|
Dealer |
|
Sellers |
Ö |
|
|
|
|
|||||||
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Exporter |
|
Importer |
Ö |
Services |
|
Others |
|
|
Item Dealings
In: |
||
|
|
||
|
Products |
: |
Bi Cycle & Spares Parts |
|
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 |
|
Cash |
Ö |
Others |
|
|
|||
|
|
Credit : |
|
30 days |
|
60 days |
|
90 days |
Ö |
10 |
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 |
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|||||
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Imports |
: |
China, India |
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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
|
Capital Invested |
: |
BDT 10 Million |
|
Assets |
: |
BDT 16.20
Million |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
|
Sister Concerns |
: |
Mohiuddin Auto Mart |
|
Subsidiary |
: |
Nil |
|
Name of The Group |
: |
Nil |
BANKING
|
Bank Name
|
: |
Islami Bank Bangladesh
Ltd |
|
Bank Address |
: |
Bangshal Road Branch 222, Bangshal Road Dhaka Phone: 88-(02) 9556826 |
|
Bank Name
|
: |
NCC Bank ltd. |
|
Bank Address |
: |
Bangshal Road Branch 216, Bangshal Road, Dhaka Tel: 88-02-9565833, 9556523, 9557874 |
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
Galaxy Building Complex Road#32, House#491, New DOHS, Mohakhali, Dhaka-1206,
Bangladesh. It is situated at Residential area which is a well decorated
modern office. |
GENERAL
COMMENTS
|
Subject is mainly
engaged in Importer & Distributor. The subject company is very small
company. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.49 |
|
|
1 |
Rs.99.43 |
|
Euro |
1 |
Rs.69.14 |
INFORMATION DETAILS
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
NIT |
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.