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MIRA INFORM REPORT
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Report No. : |
493260 |
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Report Date : |
22.02.2018 |
IDENTIFICATION DETAILS
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Name : |
ABUL KHAIR STEEL MELTING LIMITED |
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Registered Office : |
232/2612, D.T. Road, Pahartali, Chittagong |
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Country : |
Bangladesh |
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Date of Incorporation : |
18.03.2008 |
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Com. Reg. No.: |
CH-6527
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Legal Form : |
Private Co
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Line of Business : |
Manufacturer, Distributor, Exporter and Importer of MS Billet. |
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No. of Employees : |
682 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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.
IDENTIFICATION DETAILS
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Correct company Name |
: |
ABUL KHAIR STEEL MELTING LIMITED |
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Head Office |
: |
232/2612, D.T.
Road, Pahartali, Chittagong, Bangladesh. |
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Tel No |
: |
88-031-714541-4,
752233, 752181-2 |
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Fax No |
: |
88-031-710051, 720239, 626711, 2512149
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E-mail |
: |
info@abulkhairgroup.com,
f-alam@abulkhairgroup.com |
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Website |
: |
www.abulkhairgroup.com |
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Date/ Year of Incorporation |
: |
18.03.2008 |
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Incorporation No. |
: |
CH-6527
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Legal Form (General) |
: |
Public Listed Co Public (but not listed) Private Co State-owned Co Sole Proprietorships Partnership Not Registered others (please specify)
________________ |
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Legal form (Specific) |
: |
LTD CORP INC CO others (please specify)
________________ |
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Issuing Authority |
: |
Registrar of
Joint Stock Companies & Firms City Corporation Municipal Administration Union Council Cantonment Board Chief Controller of Import & Export (CCIE) |
FINANCIALS- SUMMARY
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Year |
Turnover/
Sales |
Assets |
Income |
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30th
June’2016 |
BDT 1105 Million |
BDT 2710.92 Million |
BDT 79.21 Million |
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30th
June’2017 |
BDT 1673 Million |
BDT 2818.43 Million |
BDT 92.35 Million |
FULLCHECK
REPORT DETAILS
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Information Parted By |
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Name |
: |
Mr. Md. Mohiuddin
Mahmud |
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Designation |
: |
Manager
(Commercial) |
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Contract No |
: |
N/A |
Locations Details
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Operating Address |
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232/2612, D.T.
Road, Pahartali, Chittagong, Bangladesh. |
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Tel No |
: |
88-031-714541-4,
752233, 752181-2 |
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Fax No |
: |
88-031-710051, 720239, 626711, 2512149
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E-mail |
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info@abulkhairgroup.com,
f-alam@abulkhairgroup.com |
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Website |
: |
www.abulkhairgroup.com |
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Location : |
: Owned |
Ö |
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Rented |
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Leased |
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Area |
6200 |
Sq. ft. |
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Type of Office : |
:
Commercial Office Bldg. |
Ö |
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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. |
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Factory: |
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Address |
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South Jangal, Shitalpur, Sitakund,
Chittagong. Bangladesh. |
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Tel No |
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N/A |
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Fax No |
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N/A |
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Owned |
Ö |
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Rented |
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Leased |
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Area |
10 |
Acores |
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Branch: |
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Address |
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Nil |
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Tel No |
: |
Nil |
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Fax No |
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Nil |
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Employee: |
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No. of Employees |
In Office |
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18 |
In Factory |
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639 |
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Sales |
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25 |
Total |
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682 |
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Details: |
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OWNERSHIP/SHAREHOLDERS
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Names of Shareholders |
No. of
Share |
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Mr. Abul Kashem |
37500 |
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Mr. Abul Hashem |
37500 |
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Mr. md. Abu Syed Chowdhury |
37500 |
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Mr. Shah Shafiqul Islam |
37500 |
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DIRECTORS
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Name |
Designation |
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Mr. Abul Kashem |
Chairman |
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Mr. Shah Shafiqul Islam |
Managing Director |
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Mr. Abul Hashem |
Director |
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Mr. Abu Syed Chowdhury |
Director |
MANAGEMENT
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Name |
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Mr. Shah Shafiqul
Islam |
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Job Description |
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Managing Director |
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Nationality |
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Bangladeshi. |
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Email address |
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N/A |
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Other details |
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N/A |
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Name |
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Mr. Rajesh
Malviya |
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Job Description |
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General Manager |
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Nationality |
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Indian |
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Email address |
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N/A |
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Other details |
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N/A |
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Name |
: |
Mr. Md. Mohiuddin
Mahmud |
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Job Description |
: |
Manager
(Commercial) |
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Nationality |
: |
Bangladeshi. |
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Email address |
: |
N/A |
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Other details |
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N/A |
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Name |
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Mr. Eshak Miya |
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Job Description |
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Senior Officer |
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Nationality |
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Bangladeshi. |
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Email address |
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N/A |
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Other details |
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88-01936017363 |
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Name |
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Mr. Alamin |
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Job Description |
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In charge
(Factory) |
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Nationality |
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Bangladeshi. |
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Email address |
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N/A |
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Other details |
: |
88-01672505798 |
BUSINESS
OPERATIONS
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Nature of Activity : |
Manufacturer |
Ö |
Trader |
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Dealer |
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Distributor |
Ö |
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Exporter |
Ö |
Importer |
Ö |
Services |
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Others |
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Range of
Products : |
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Products |
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MS Billet. |
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Production Capacity |
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1274367 M. Ton Per Year. |
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Last Year
Production |
: |
Do |
Trading Terms:
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Purchasing Terms: |
L/C |
Ö |
Cash |
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Others |
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Credit : |
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30 days |
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60 days |
Ö |
90 days |
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days |
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Selling Terms : |
L/C |
Ö |
Cash |
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Others |
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Credit : |
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30 days |
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60 days |
Ö |
90 days |
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days |
DETAILED
DATA
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Trade Reference & Related Parties |
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Overseas Clients |
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N/A |
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Local Clients |
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N/A |
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Overseas Suppliers |
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N/A |
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Local Suppliers |
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N/A |
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Trade Markets |
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Exports |
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Europe, USA |
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Imports |
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China, India, Japan, Taiwan, Singapore. |
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Brand Name |
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N/A |
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Certified |
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N/A |
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Auditors |
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N/A |
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Operation Status |
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Active |
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Member |
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N/A |
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CAPITAL
STRUCTURE
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Authorized Capital |
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BDT 50 Million |
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Paid-up Capital |
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BDT 15000000 |
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No. of Shares |
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150000 |
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Share Value |
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BDT 100.00 Each |
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Main Assets |
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BDT 2818.43 Million |
FINANCIAL
STATEMENT- DETAILED
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Summary information has been given |
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ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
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Name of
The Group |
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Abul Khair Group of Industries |
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Subsidiary |
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N/A |
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Sister Concerns |
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A.K Properties Limited Abul Khair Tea Limited Abul Khair Steel Limited A.K Corporation Limited Abul Khair Steel Limited Shah Dairy Foods Limited Fahim Sanitary Wares Ltd Shah Cement Industries Ltd. Beverage Industries Limited. Shah Dairy Products Limited Abul Khair Match Factory Ltd. Abul Khair Steel Mills Limited Abul Khair Steel Industries Ltd Abul Khair Milk Products Limited
Abul Khair Consumer Product Ltd Abul Khair Steel Products Limited Abul Khair Power Ishwardi Limited
Abul Khair Group Of Industries Ltd Abul Khair Strip Processing Limited Smark Coconut Oil Products Limited Abul Khair Tobacco Company Limited Abul Khair Ceramic Industries Limited Abul Khair Consumer Products Limited Abul Khair Vegetables Oil Industries Ltd Abul Khair Condensed Milk Industries Ltd Abul Khair Condensed Milk & Beverage Industries Limited |
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BANKING
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Bank Name
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Islami Bank Bangladesh
Ltd. |
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Bank Address |
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Dewanhat Branch Sk. Kamal Complex, 257, D.T Road, Dewanhat,
Chittagong, Bangladesh. Tel: 88-031-2514082, 2514083 |
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ADVERSE
DATA MONITORING
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Dishonored Checks |
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No Record Found |
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Debt |
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No Record Found |
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Litigation |
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Clear |
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Performance Defaults |
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No Record Found |
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Adverse Local Media Coverage/ Adverse Filling History |
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No Record Found |
SITE
VISIT COMMENTARY
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Our Representative Visited the subject company Head office which is
situated at 232/2612, D.T. Road, Pahartali, Chittagong, Bangladesh. It is
situated at a Commercial Area. |
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GENERAL
COMMENTS
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The subject company maintains acceptable business volume. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.82 |
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1 |
INR 90.65 |
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Euro |
1 |
INR 79.94 |
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BDT |
1 |
INR 0.78 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.