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MIRA
INFORM REPORT
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Report No. : |
516493 |
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Report Date : |
27.06.2018 |
IDENTIFICATION DETAILS
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Name : |
POWERBREEZE ELECTROMECH SERVICES LTD |
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Registered Office : |
House# 9/5, Lane# 1, Block# B, Section# 6, Mirpur, Dhaka-1216 |
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Country : |
Bangladesh |
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Date of Incorporation : |
01.06.2008 |
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Com. Reg. No.: |
C-71475 |
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Legal Form : |
Private Company |
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Line of Business : |
Assembler, Distributor and Importer of Switchgear (HT & LT Switchgear), PFI Plant, DB, Changeover, Common bus Panel, Motor Control panel |
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No. of Employees : |
110 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January
2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (31.12.2017) |
Current Rating (01.04.2018) |
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Bangladesh |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
BANGLADESH - ECONOMIC OVERVIEW
Bangladesh's economy has grown roughly 6% per year since 2005 despite prolonged periods of political instability, poor infrastructure, endemic corruption, insufficient power supplies, and slow implementation of economic reforms. Although more than half of GDP is generated through the services 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 $28 billion in FY 2016-17. The sector continues to grow despite the need for improvements in factory safety conditions and workers’ rights to avert further high-profile accidents that killed more than 1,000 workers in 2012 and 2013. In FY 2016-17, steady export growth in the garment sector, combined with $13 billion in remittances from overseas Bangladeshis, contributed to Bangladesh's rising foreign exchange reserves.
The recent influx of over 700,000 additional refugees from Burma will place pressure on the Bangladeshi government’s budget and the country’s rice supplies, which declined in 2017 in part because of record flooding. Recent improvements to energy infrastructure, including the start of liquefied natural gas imports in 2018, represent a major step forward in resolving a key growth bottleneck.
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Source : CIA |
Company name
POWERBREEZE ELECTROMECH SERVICES LTD
EXECUTIVE SUMMARY
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IDENTIFICATION DETAILS |
||
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Correct company Name |
: |
Powerbreeze
Electromech Services Ltd |
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Head Office |
: |
House# 9/5, Lane# 1, Block# B, Section# 6, Mirpur, Dhaka-1216, Bangladesh |
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Tel No |
: |
88-01936008687,
01936008652 |
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Fax No |
: |
N/A |
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E-mail |
: |
mnkhan@powerbreezebd.com,
admin@powerbreezebd.com sales@powerbreezebd.com |
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Website |
: |
www.powerbreezebd.com |
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Date/ Year of Incorporation |
: |
01/06/2008 |
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Incorporation No. |
: |
C-71475 |
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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 |
Other Registry & Certification Details
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Organization Name |
: |
Bangladesh Garments
Manufacturer & Exporters Association |
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Membership No |
: |
4655 |
FINANCIALS- SUMMARY
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Year |
Turnover/
Sales |
Assets |
Income/
(Loss) |
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30th June, 2017 |
N/A |
N/A |
N/A |
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Note |
: |
SC’s didn’t submit financials to
local registry office. Therefore no financials are available for this entity. |
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FULLCHECK REPORT DETAILS
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Information
Parted By |
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Name |
: |
Mr. Pres Mainuddin
Khan |
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Designation |
: |
Director |
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Contract No |
: |
88-01936008652 |
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Locations Details |
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Operating Address |
: |
House# 9/5, Lane# 1, Block# B, Section# 6, Mirpur, Dhaka-1216, Bangladesh |
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Tel No |
: |
88-01936008687,
01936008652 |
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Fax No |
: |
N/A |
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E-mail |
: |
mnkhan@powerbreezebd.com,
admin@powerbreezebd.com sales@powerbreezebd.com |
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Website |
: |
www.powerbreezebd.com |
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Location : |
:
Owned |
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Rented |
Ö |
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Leased |
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Area |
1800 |
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 Address: |
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Address |
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48/6, Rajabari, Ganda,
Savar, 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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Branch Address: |
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Address |
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5/2, Halishahar,
Chittagong, Bangladesh |
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Tel No |
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88-031-2518798 |
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Fax No |
: |
N/A |
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Employee: |
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No.
of Employees |
In Office |
: |
10 |
In Factory |
: |
100 |
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In Branch: |
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N/A |
Total |
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110 |
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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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Md. Asif Anwar |
2250 |
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Md. Anwar Pervez |
1750 |
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Md. Washimul Amin |
1000 |
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Md. Ahsan Bin Bashar |
1000 |
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Md. Ashfaqur Rahman |
1000 |
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Md. Mainuddin |
1500 |
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A.Z.M Mahfuzur Rahman |
1500 |
DIRECTORS
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Name |
Designation |
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Mr. Md. Anwar Pervez |
Managing Director |
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Mr. Md. Asif Anwar |
Director |
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Mr. Md. Washimul Amin |
Director |
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Mr. Md. Ahsan Bin Bashar |
Director |
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Mr. Md. Ashfaqur Rahman |
Director |
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Mr. Md. Mainuddin |
Director |
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Mr. A.Z.M Mahfuzur Rahman |
Director |
MANAGEMENT
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Name |
: |
Mr. Md. Anwar Pervez |
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Job Description |
: |
Managing Director |
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Nationality |
: |
Bangladeshi |
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Email address |
: |
N/A |
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Other details |
: |
N/A |
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Name |
: |
Mr. A.Z.M Mahfuzur Rahman |
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Job Description |
: |
Director |
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Nationality |
: |
Bangladeshi |
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Email address |
: |
N/A |
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Other details |
: |
88-01936008687 |
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Name |
: |
Mr. Pres Mainuddin
Khan |
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Job Description |
: |
Director |
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Nationality |
: |
Bangladeshi |
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Email address |
: |
mnkhan@powerbreezebd.com |
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Other details |
: |
88-01936008652 |
BUSINESS OPERATIONS
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Nature of
Activity : |
Assembler |
Ö |
Trader |
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Dealer |
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Distributor |
Ö |
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Exporter |
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Importer |
Ö |
Services |
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Others |
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Range of
Products: |
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Products |
: |
Switchgear (HT & LT Switchgear), PFI
Plant, DB, Changeover, Common bus Panel, Motor Control panel |
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Production
Capacity |
: |
100 MW. |
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Last Year
Production |
: |
N/A |
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 |
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Cash |
Ö |
Others |
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Credit : |
Ö |
30 days |
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60 days |
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90 days |
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days |
DETAILED DATA
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Trade Reference & Related Parties |
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Strategic Partner |
: |
Gersan |
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Local Clients |
: |
N/A |
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Overseas Suppliers |
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N/A |
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Local Suppliers |
: |
N/A |
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Trade Markets |
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Exports(Country) |
: |
N/A |
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Imports(Country) |
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India, China |
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Brand Name |
: |
N/A |
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Certified |
: |
N/A |
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Name of Auditors |
: |
N/A |
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Operation Status |
: |
Active |
CAPITAL STRUCTURE
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Authorized
Capital |
: |
BDT 10 Million |
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Paid-up
Capital |
: |
BDT 1000000 |
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No. of
Shares |
: |
10000 |
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Share
Value |
: |
BDT100.00Each |
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Main
Assets |
: |
N/A |
FINANCIAL STATEMENT- DETAILED
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SC’s didn’t submit financials to local registry office.
Therefore no financials are available for this entity. |
ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES
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Name of The Group |
: |
Powerbreeze Group |
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Subsidiary |
: |
N/A Powerbreeze Group |
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Sister Concerns |
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Powerbreeze Engineer Ltd Powerbreeze Electromech Solutions Ltd |
BANKING
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Bank Name |
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Bank Asia Ltd. |
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Bank Address |
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Mirpur Branch Address: Nishi Plaza,
Plot No: 1, Avenue: 4 Section: 6, Block: C, Pallabi, Mirpur, Dhaka-1216 ,
Bangladesh Tel: 88-02-9013814,
9013841, 9013844 Fax: 880-2-9012122 |
ADVERSE DATA MONITORING
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Dishonored
Checks |
: |
No Record Found |
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Debt |
: |
No Record Found |
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Litigation |
: |
Clear |
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Performance
Defaults |
: |
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
House# 9/5, Lane# 1, Block# B, Section#
6, Mirpur, Dhaka - 1216, Bangladesh. It is Situated at Commercial Area |
GENERAL COMMENTS
|
Based on the financial statements, SC’s financial
performance appears to be Below Average. SC has been in its line of business
for about 10 years. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
INR 68.17 |
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|
1 |
INR 90.47 |
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Euro |
1 |
INR 79.74 |
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BDT |
1 |
INR 0.81 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
SYL |
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.