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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

489586

Report Date :

05.02.2018

 

 

IDENTIFICATION DETAILS

 

Name :

LUB-RREF (BANGLADESH) LIMITED

 

 

Registered Office :

B -6 (Part) 9-10 & 23-24, BSCIC I/E, Block# A, Custom Academy Sagarika Road, Chittagong- 4219,

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

18.11.2001

 

 

Com. Reg. No.:

CH-4172

 

 

Legal Form :

Public (but not listed) 

 

 

Line of Business :

Manufacturer , importer and distributor of passenger car motor oil, generator oil, marine engine oil, automotive gear oil, machine oil, compressor oil, etc

 

 

No. of Employees :

200

 

 

RATING & COMMENTS

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

 

MIRA’s Rating :

A

 

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

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.

 

 

EXECUTIVE SUMMARY

 

                                                IDENTIFICATION DETAILS

Correct company Name

:

Lub-Rref (Bangladesh) Limited

Head Office

:

B-6 (Part) 9-10 & 23-24, BSCIC I/E, Block# A, Custom Academy

Sagarika Road, Chittagong- 4219, Bangladesh

Tel No

:

88-031-751995, 2770019, 2770036

Fax No

:

Nil

E-mail

:

info@lub-rref.com, infodhk@lub-rref.com

Website

:

www.lub-rref.com

Date/ Year of Incorporation

:

18.11.2001

Incorporation No.

:

CH-4172

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

 

 

 

FINANCIALS- SUMMARY

 

      Year

Turnover/ Sales

 Assets

Income/ (Loss)

30th June, 2016

BDT 947 Million

BDT 2985.20 Million

BDT 115.47 Million

30th June, 2017

BDT 851 Million

BDT 2821.20 Million

BDT 81.35 Million

 

 

 

 

 

 

 

 

 

 

FULLCHECK REPORT DETAILS

 

                                                             Information Parted By

Name

:

Mr. Md. Salahuddin Yousuf

Designation

:

Director (Marketing & Sales)

Contract No

:

88-01923171533

 

                                                               Locations Details

Operating Address

:

B-6 (Part) 9-10 & 23-24, BSCIC I/E, Block# A, Custom Academy Sagarika Road, Chittagong- 4219, Bangladesh

Tel No

:

88-031-751995, 2770019, 2770036

Fax No

:

Nil

E-mail

:

info@lub-rref.com, infodhk@lub-rref.com

Website

:

www.lub-rref.com

 

Location :

: Owned

 

Rented

Ö

 

Leased

 

Area

2400

Sq. ft.

 

 

Type of Office :

  :       Commercial Office Bldg.

Ö

 

Semi-commercial office Bldg.

 

     

Retail shop

 

 

Industrial Park

 

     

Business Center

 

 

Home Office

 

     

Residential Bldg.

 

 

 

 

 

 

 

Factory-1:

 

 

 

 

 

Address

:

B-6 (Part) 9-10 & 23-24, BSCIC I/E, Block# A, Custom Academy Sagarika Road, Chittagong- 4219, Bangladesh

Tel No

:

Nil

Fax No

:

Nil

 

Factory-2:

 

 

 

 

 

Address

:

B/9-10, BSCIC I/E, Sagarica Road, Chittagong-4000, Bangladesh  

Tel No

:

Nil

Fax No

:

Nil

 

Branch:

 

 

 

 

 

Address

:

Rupayan Trade Center (7th floor, Suite# 5), 114, Kazi Nazrul Islam Avenue,

Dhaka-1215, Bangladesh

Tel No

:

88-02-55138710

Fax No

:

88-02-55138711

 

Employee:

 

 

 

No. of Employees 

 

In Office

:

30

In Factory

:

170

In Branch:

:

Nil

Total

:

200

Details:

 

                    

 

 

 

OWNERSHIP/SHAREHOLDERS

 

         Names of Shareholders

No. of Share

Mrs. Rubaiya Nahar

3040770

Mr. Md. Salah Uddin Yousuf

179800

Dr. Israt Jahan

830450

Companygonj Agro Industries Limited

908100

Mr. Md. Yousuf

27069648

 

 

DIRECTORS

 

Name

Designation

Mrs. Rubaiya Nahar

Chairman

Mr. Md. Yousuf

Managing Director

Mr. Md. Salah Uddin Yousuf

Director

Dr. Israt Jahan

Director

Mr. Ahammed Hossain

Director

 

 

MANAGEMENT

 

Name

:

Mr. Md. Yousuf

Job Description

:

Managing Director

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

Name

:

Mr. Md. Salahuddin Yousuf

Job Description

:

Director (Marketing & Sales)

Nationality

:

Bangladeshi.

Email address

:

yousuf_salauddin@yahoo.com

Other details

:

88-01923171533

 

Name

:

Mr. Mojibur Rahman

Job Description

:

Chief Finance Officer

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

88-01977266006

 

Name

:

Mr. Belal Hossain

Job Description

:

Manager (Commercial)

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

88-01977266013

 

 

BUSINESS OPERATIONS

 

Nature of Activity       :

Manufacturer

Ö

Trader

 

Dealer

 

Distributor

Ö

 

 

 

Exporter

 

Importer

Ö

Services

 

Others

 

 

Range of Products:

 

Products

:

Passenger Car Motor Oil, Generator Oil, Marine Engine Oil, Automotive Gear Oil, Machine Oil, Compressor Oil, etc.    

Production Capacity

:

Nil

Last Year Production

:

Nil

 

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

:

Nil

 

Local Clients

:

Nil

 

Overseas Suppliers

:

Nil

 

Local Suppliers

:

Nil

 

Trade Markets

:

 

Exports

:

Nil

 

Imports

:

India, China

 

Brand Name

:

BNO (Bangladesh National Oils)

Certified

:

ISO 9001: 2000

ISO/IEC 17025:2005

Auditors

:

N/A

Operation Status

:

Active

Member

:

N/A

 

CAPITAL STRUCTURE

 

 

Authorized Capital

:

BDT 1000 Million

 

 

 

Paid-up Capital

:

BDT 320287680

 

 

 

No. of Shares

:

32028768

 

 

 

Share Value

:

BDT 10.00 Each

 

 

 

Main Assets

:

BDT 2821.20 Million

 

 

 

FINANCIAL STATEMENT- DETAILED

 

 

Summary information has been given.

 

 

 

 

ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES

 

Sister Concerns

:

BNO Lubricants

Subsidiary

:

Nil

Name of  The Group

:

Nil

 

 

BANKING

 

 

Bank Name  

:

Southeast Bank Limited

Bank Address

:

Jubilee Road Branch

Haji Golam Rasul Market, 96, Jubilee Road, Chittagong, Bangladesh

Tel: 88-031-611712, 635265, 611713, 611714,  611715,  635245, 635246

Fax: 88-031-611716

 

 

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 B-6 (Part) 9-10 & 23-24, BSCIC I/A, Block # A, Custom Academy Sagarika Road, Chittagong- 4219, Bangladesh  It is situated at Commercial Area.

 

 

GENERAL COMMENTS

The subject company is engaged in Importer, Manufacturer & Distributor. It is reputed company in this line of business..

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 63.08

UK Pound

1

INR 91.34

Euro

1

INR 80.03

BDT

1

INR 0.77

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

PPA

 

 

Report Prepared by :

KET

 

 

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.