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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

505155

Report Date :

21.04.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

OMEGA CORPORATION

 

 

Registered Office :

Afsar Plaza (Ground Floor), 77/5, Moulvi Bazar, Chawkbazar, Lalbag, Dhaka-1100

 

 

Country :

Bangladesh

 

 

Financials (as on) :

30.06.2017

 

 

Date of Incorporation :

2014

 

 

Legal Form :

Sole Proprietorship  

 

 

Line of Business :

Distributor and Importer of Food Ingredients, Backing Power, East, etc.     

 

 

No. of Employees :

3

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

B

 

Credit Rating

 

Explanation

Rating Comments

B

Medium Risk

Business dealings permissible on a regular monitoring basis

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

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.

 

 

 

IDENTIFICATION DETAILS

Correct company Name

:

OMEGA CORPORATION

Head Office

:

Afsar Plaza (Ground Floor), 77/5, Moulvi Bazar, Chawkbazar, Lalbag, Dhaka-1100, Bangladesh

Tel No

:

88-01712732293

Fax No

:

Nil

E-mail

:

nhmuz@yahoo.com

Website

:

Nil

Date/ Year of Establishment

:

2014

Trade License No

:

Nil

Legal Form (General)

:

 Public Listed Co        Public (but not listed)   Private Co   State-owned Co

 Sole Proprietorship    Partnership                   Not Registered

 others (please specify) ________________

Legal form (Specific)

:

LTD   CORP    INC  CO    

 others (please specify) ________________

Issuing Authority

:

Registrar of Joint Stock Companies & Firms        South City Corporation

 Municipal Administration                                   Union Council

 Cantonment Board                                             Chief Controller of  Import & Export

 

FINANCIALS- SUMMARY

 

      Year

Turnover/ Sales

 Assets

     Income

30th June, 2016

BDT 24 Million

BDT 5.40 Million

BDT 0.35 Million

30th June, 2017

BDT 31 Million

BDT 5.83 Million

BDT 0.61 Million

 

 

 

 

 

 

 

 

FULLCHECK REPORT DETAILS

 

                                                             Information Parted By

Name

:

Mr. Nazmul Hasan Mazumder

Designation

:

Chief Executive Officer

Contract No

:

88-01712732293

 

                                                               Locations Details

Business Address

:

Afser Plaza (Ground Floor), 77/5, Moulvi Bazar, Chawkbazar, Lalbag,

Dhaka-1100, Bangladesh

Tel No

:

88-01712732293

Fax No

:

Nil

E-mail

:

nhmuz@yahoo.com

Website

:

Nil

 

Location :

: Owned

 

Rented

Ö

 

Leased

 

Area

450

Sq. ft.

 

 

Type of Office :

  :       Commercial Office Bldg.

 

 

Semi-commercial office Bldg.

 

     

 

Rental shop

Ö

 

Industrial Park

 

     

 

Business Center

 

 

Home Office

 

     

 

Residential Bldg.

 

 

 

 

 

Warehouse:

 

Address

:

Afser Plaza (Ground Floor), 77/5, Moulvi Bazar, Chawkbazar, Lalbag, Dhaka-

1100, Bangladesh

Tel No

:

Nil

Fax No

:

Nil

 

Location :

   Owned

 

 

Rented

Ö

 

Leased

 

Area

1200

Sq. ft.

 

Employee:

 

 

 

No. of Employees 

 

In Office

:

3

Warehouse

:

N/A

In Branch

:

N/A

Total

:

3

 

 

PROPRIETOR

 

Names of Proprietor

:

Mrs. Nilufar Yeasmin

 

 

MANAGEMENT

 

Name

:

Mrs. Nilufar Yeasmin

Job Description

:

Proprietor

Nationality

:

Bangladeshi

Email address

:

N/A

Other details

:

N/A

 

 

 

Name

:

Mr. Nazmul Hasan Mazumder

Job Description

:

Chief Executive Officer

Nationality

:

Bangladeshi

Email address

:

nhmuz@yahoo.com

Other details

:

88-01712732293

 

 

BUSINESS OPERATIONS

 

Nature of Activity    :

Manufacturer

Trader

 

Dealer

 

Distributor

Ö

 

 

 

Exporter

 

Importer

Ö

Services

 

Others

 

 

Item Dealings In:

 

Products

:

Food Ingredients, Backing Power, East, etc.     

Import Products

:

N/A

Export products

:

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

:

N/A

Certified

:

N/A

Auditors

:

N/A

Operation Status

:

Active

 

 

CAPITAL STRUCTURE

 

 

Capital Invested

:

BDT 5 Million

 

 Assets

:

BDT 5.83 Million

 

 

 

 

 

 

 

 

 

ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES

 

 

Name of  The Group

:

Nil

 

Name of Mother Company

:

Nil

 

Subsidiary

:

Nil

 

Sister Concerns

:

Golden Trading

Redwan Brothers

Kingland Overseas

Samir International

 

 

 

 

 

BANKING

 

 

Bank Name  

:

Al-Arafah Islami Bank Limited

Bank Address

:

Moulvi Bazar Branch

Al-Shahani Complex, 130, Chowk Mogoltuly, Moulvi Bazar, Dhaka-1100,

Bangladesh

Tel: 88-02-7311989, 7320201, 7313900, 018-19211828

Fax: 88-02-7313900

 

 

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 Afser Plaza (Ground Floor), 77/5, Moulvi Bazar, Chawkbazar, Lalbag, Dhaka-1100, Bangladesh. It’s in a Rental shop.

 

 

GENERAL COMMENTS

Subject is mainly engaged in Importer & Distributors. The subject company maintains acceptable business volume. Based on the financial statements, SC’s financial performance appears to be Below Average.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 66.02

UK Pound

1

INR 92.72

Euro

1

INR 81.45

BDT

1

INR 0.80

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIS

 

 

Report Prepared by :

TPT

 

 

RATING EXPLANATIONS

 

Credit Rating

 

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.