MIRA INFORM REPORT

 

 

Report No. :

490346

Report Date :

06.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

VIKRAMPUR STEEL LIMITED

 

 

Registered Office :

9/A, Malitola Lane (2nd Floor) North South Road, Bangshal, Dhaka-1100

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

17.05.1986

 

 

Com. Reg. No.:

C-15557

 

 

Legal Form :

Private Co 

 

 

Line of Business :

Manufacturer, Distributor and Importer of M.S. Angle, Channel, Rod 300 W, Steel, TMT 500 W

 

 

No. of Employees :

150

 

 

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

:

Vikrampur Steel Limited

Head Office

:

9/A, Malitola Lane (2nd Floor) North South Road, Bangshal, Dhaka-

1100, Bangladesh

Tel No

:

88-02-9577316, 9558736, 9563151, 01787-666966, 01711567287, 01719789329, 01787666955-58

Fax No

:

88-02-9565192

E-mail

:

vikrampursteel@yahoo.com

Website

:

www.vikrampursteel.com

Date/ Year of Incorporation

:

17.05.1986

Incorporation No.

:

C-15557

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, 2017

BDT 686.79 Million

BDT 422.60 Million

(-BDT 3.20 Million)

 

 

FULLCHECK REPORT DETAILS

 

                                                             Information Parted By

Name

:

Mr. Mohammad Abdul Aziz

Designation

:

Manger (Export & Import)

Contract No

:

88-01787-666966

 

                                                               Locations Details

Operating Address

:

9/A, Malitola Lane (2nd Floor) North South Road, Bangshal, Dhaka-

1100, Bangladesh

Tel No

:

88-02-9577316, 9558736, 9563151, 01787-666966, 01711567287, 01719789329, 01787666955-58

Fax No

:

88-02-9565192

E-mail

:

vikrampursteel@yahoo.com

Website

:

www.vikrampursteel.com

 

Location :

: Owned

 

Rented

Ö

 

Leased

 

Area

1200

Sq. ft.

 

 

Type of Office

  :       Commercial Office Bldg.

 

 

Semi-commercial office Bldg.

Ö

     

Retail shop

 

 

Industrial Park

 

     

Business Center

 

 

Home Office

 

     

Residential Bldg.

 

 

 

 

 

 

Factory:

 

 

 

 

 

Address

:

91, Borpa, Rupshi, Rupgonj, Narayangonj, Bangladesh

Tel No

:

88-01711560865, 01711567267

Fax No

:

Nil

 

Branch:

 

 

 

 

 

Address

:

51, Motijheel C/A. Dhaka-1000, Bangladesh

Tel No

:

88-02-9563151

Fax No

:

Nil

 

Employee:

 

 

 

No. of Employees 

 

In Office

:

20

In Factory

:

130

In Branch

:

N/A

Total

:

150

Details:

 

                    

 

 

 

OWNERSHIP/SHAREHOLDERS

 

Names of Shareholders

No. of Share

Country

Mr. Md. Abdus Salam

750

Bangladesh.

Mr. Md. Nurul Islam

437

Bangladesh.

Mr. Md. Rafiq Uddin

750

Bangladesh.

Mr. Sayed Ali Akbar (Dulal)

250

Bangladesh.

Mr. Md. Rezaul Karim

313

Bangladesh.

Rehena Begum (Beauty)

300

Bangladesh.

Mrs. Saima Rahman

200

Bangladesh.

Mr. Sk. Fazlur Rahman (Bakul)

400

Bangladesh.

Mr. Md. Shirajul Islam (Shiraj)

950

Bangladesh.

Mr. Md. Sk. Mahfuzur Rahman

200

Bangladesh.

Mr. Md. Sk. Ataur Rahman

200

Bangladesh.

Mst. Shahnaz Begum

250

Bangladesh.

 

 

DIRECTORS

 

Name

:

Mr. Md. Shirajul Islam (Shiraj)

Designation

:

Managing Director

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

Name

:

Mr. Md. Abdus Salam

Designation

:

Director

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

Name

:

Mr. Md. Rafiq Uddin

Designation

:

Director

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

Name

:

Mr. Sayed Ali Akbar (Dulal)

Designation

:

Director

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

Name

:

Mr. Sk. Fazlur Rahman (Bakul)

Designation

:

Director

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

 

MANAGEMENT

 

Name

:

Mr. Md. Shirajul Islam (Shiraj)

Job Description

:

Managing Director

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

Name

:

Mr. Mohammad Abdul Aziz

Job Description

:

Manger (Export & Import)

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

88-01787-666966

 

 

BUSINESS OPERATIONS

 

Nature of Activity       :

Manufacturer

Ö

Trader

 

Dealer

 

Distributor

Ö

 

 

 

Exporter

 

Importer

Ö

Services

 

Others

 

 

Range of Products:

 

Products

:

M.S. Angle, Channel, Rod 300 W, Steel, TMT 500 W

Production Capacity

:

N/A

Last Year Production

:

N/A

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

:

Nil

 

Local Clients

:

Nil

 

Overseas Suppliers

:

Nil

 

Local Suppliers

:

Nil

 

Trade Markets

:

 

Exports(Country)

:

Nil

 

Imports(Country)

:

India, China

 

Brand Name

:

N/A

Certified

:

N/A

Name of Auditors

:

N/A

Operation Status

:

Active

 

 

CAPITAL STRUCTURE

 

Authorized Capital

:

BDT 12.5 Million

 

Paid-up Capital

:

BDT 5000000

 

No. of Shares

:

5000

 

Share Value

:

BDT1000.00Each

 

Main Assets

:

BDT 422.60 Million

 

 

FINANCIAL STATEMENT- DETAILED

 

Summary Information Given.

 

 

ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES

 

Name of  The Group

:

Nil

Name of Mother Company

:

Nil

Subsidiary

:

Nil

Sister Concerns

:

Nil

 

 

BANKING

 

Bank Name      

:

Jamuna Bank Ltd.

National Bank Ltd

 

 

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 9/A, Malitola Lane (2nd Floor) North South Road, Bangshal, Dhaka-1100, Bangladesh. It’s Semi-commercial office Area.

 

 

GENERAL COMMENTS

 

The subject company is engaged in Manufacturer, Importer & Distributor. It is reputed company in this line of business. We recommended that Credit can proceed normally.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 64.03

UK Pound

1

INR 90.40

Euro

1

INR 79.73

BDT

1

INR 0.77

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

VIV

 

 

Report Prepared by :

TRU

 

 

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.