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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

494389

Report Date :

03.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

PETROMAX CYLINDERS LIMITED

 

 

Registered Office :

Youth Tower (8th Floor), 822/2, Rokeya Sarani, Mirpur, Dhaka-1216

 

 

Country :

Bangladesh

 

 

Financials (as on) :

30.06.2017 (Summarized)

 

 

Date of Incorporation :

07.02.2017

 

 

Com. Reg. No.:

C-135826

 

 

Legal Form :

Private Co 

 

 

Line of Business :

Storage, Importer and Bottling of Gas Cylinder 

 

 

No. of Employees :

5

 

 

RATING & COMMENTS

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

 

MIRA’s Rating :

NB

 

Credit Rating

Explanation

Rating Comments

NB

New Business

No recommendation can be done due to business in infancy stage

 

Status :

New Business

 

 

Payment Behaviour :

Unknown

 

 

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

:

Petromax Cylinders Limited

Head Office

:

Youth Tower (8th Floor), 822/2, Rokeya Sarani, Mirpur, Dhaka-1216,

Bangladesh

Tel No

:

88-02-9025401-2

Fax No

:

88-02-9032436

E-mail

:

info@youthbd.com, hr@youthbd.com

Website

:

www.youthbd.com

Date/ Year of Incorporation

:

07.02.2017

Incorporation No.

:

C-135826

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

N/A

N/A

N/A

 

 

FULLCHECK REPORT DETAILS

 

                                                             Information Parted By

Name

:

Mr. Feroz Alam

Designation

:

Managing Director

Contract No

:

N/A

 

                                                               Locations Details

Operating Address

:

Youth Tower (8th Floor), 822/2, Rokeya Sarani, Mirpur, Dhaka-1216,

Bangladesh

Tel No

:

88-02-9025401-2

Fax No

:

88-02-9032436

E-mail

:

info@youthbd.com, hr@youthbd.com

Website

:

www.youthbd.com

 

Location :

: Owned

 

Rented

Ö

 

Leased

 

Area

1400

Sq. ft.

 

 

Type of Office :

  :       Commercial Area.

Ö

 

Semi-commercial office Bldg.

 

     

Retail shop

 

 

Industrial Park

 

     

Business Center

 

 

Home Office

 

      

Residential Bldg.

 

 

 

 

 

 

Factory:

 

 

 

 

 

Address

:

Nil

Tel No

:

Nil

Fax No

:

Nil

 

Employee:

 

 

 

No. of Employees 

 

In Office

:

5

In Factory

:

N/A

In Branch

:

N/A

Total

:

5

Details:

 

                    

 

 

 

OWNERSHIP/SHAREHOLDERS

 

Names of Shareholders

No. of Share

County

Mr. Rezakul Haider

285000

Bangladesh.

Mr. Feroz Alam

285000

Bangladesh.

Mr. Anis Salahuddin Ahmad

240000

Bangladesh.

Mr. Akbor Haider

172500

Bangladesh.

Mr. Faridul Alam

172500

Bangladesh.

Mr. Faisal Alam

172500

Bangladesh.

Comfit Composite Knit Ltd.

3250000

Bangladesh.

Mr. Asgar Haider

172500

Bangladesh.

Mr. Nafis Kamal

250000

 

 

 

DIRECTORS

 

Name

:

Mr. Rezakul Haider

Designation

:

Chairman

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

Name

:

Mr. Feroz Alam

Designation

:

Managing Director

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

Name

:

Mr. Anis Salahuddin Ahmad

Designation

:

Director

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

Name

:

Mr. Akbor Haider

Designation

:

Director

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

Name

:

Mr. Faridul Alam

Designation

:

Director

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

Name

:

Mr. Faisal Alam

Designation

:

Director

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

Name

:

Mr. Asgar Haider

Designation

:

Director

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

Name

:

Mr. Feroz Alam

Designation

:

Director

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

Name

:

Mr. Nafis Kamal

Designation

:

Director

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

MANAGEMENT

 

Name

:

Mr. Feroz Alam

Job Description

:

Managing Director

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

Name

:

Mr. Jasim Uddin Bhuiyan

Job Description

:

Manager (Commercial)

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

Name

:

Mr. Nayem Uddin

Job Description

:

Senior Executive (Commercial)

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

 

BUSINESS OPERATIONS

 

Nature of Activity       :

Manufacturer

Trader

 

Dealer

 

Storage

Ö

 

 

 

Exporter

 

Importer

Ö

Services

 

Bottling

Ö

 

Range of Products:

 

Products

:

Gas Cylinder 

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

:

N/A

 

Local Clients

:

N/A

 

Overseas Suppliers

:

N/A

 

Local Suppliers

:

N/A

 

Trade Markets

:

 

Exports(Country)

:

N/A

 

Imports(Country)

:

India, China

 

Brand Name

:

N/A

Certified

:

N/A

Name of Auditors

:

N/A

Operation Status

:

Active

 

 

CAPITAL STRUCTURE

 

Authorized Capital

:

BDT 1000 Million

 

Paid-up Capital

:

BDT 50000000

 

No. of Shares

:

5000000

 

Share Value

:

BDT 10.00 Each

 

Main Assets

:

N/A

 

 

FINANCIAL STATEMENT- DETAILED

 

Summary information has been given.

 

 

ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES

 

Name of  The Group

:

Youth Group 

Name of Mother Company

:

Nil

Subsidiary

:

Nil

Sister Concerns

:

Fashion Ltd

Daily Ajkar Awaz

Weekly Panorama

Eastern University

Youth Garments Ltd.

Youth Properties Ltd.

Lekha Lekhi Publication

Unicom Textile Mills Ltd.

Chowdhury Apparels Ltd.

Comfit Composite knit Ltd.

Shahjibazar Power Co. Ltd.

Youth Agro & Hatchery Ltd.

Petromax Refinery Ltd (PRL)

Australian International School

Multimode Merchandising Ltd.

Islamic Finance and Investment Ltd

 

 

BANKING

 

Bank Name  

:

Exim Bank Ltd.

Bank Address

:

Mirpur Branch

Srayoshe Tower, Plot # 7, Rokeya Swarani, Mirpur-10, Dhaka-1216, Bangladesh

Tel: 88-02-9031010, 9024209, 8033801

Fax: 88-02-8035668

 

Bank Name  

:

Islami Bank Bangladesh Ltd

Bank Address

:

Mirpur AD Branch         

Road #1, Section #6, Mirpur, Dhaka-1216, Bangladesh

Tel: 88-02-8011287, 9005650, 9015817, 9010720, 8033133, 01711693911, 01730034903, 01730706798, 01730034902

Fax: 88-02-9015817

 

 

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 Youth Tower (8th Floor), 822/2, Rokeya Sarani, Mirpur, Dhaka-1216, Bangladesh. It’s situated at a Commercial Area.

 

 

GENERAL COMMENTS

 

The subject company engaged in Importer, Bottling, Storage. It is under construction.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 65.23

UK Pound

1

INR 89.71

Euro

1

INR 79.50

BDT

1

INR 0.79

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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.