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MIRA INFORM REPORT
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Report No. : |
497510 |
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Report Date : |
19.03.2018 |
IDENTIFICATION DETAILS
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Name : |
RADIANT BUSINESS CONSORTIUM LTD. |
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Registered Office : |
House# 22/1, Road# 2, Dhanmondi, Dhaka-1205 |
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Country : |
Bangladesh |
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Financials (as on) : |
30.06.2017 [Summarized] |
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Date of Incorporation : |
08.07.2004 |
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Com. Reg. No.: |
C-53418 |
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Legal Form : |
Private Co
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Line of Business : |
Distributor and Importer of Biotech & Diagnostic Product, Pharmaceuticals Chemicals |
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No. of Employees : |
35 |
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 : |
Slow but correct |
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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 (30.09.2017) |
Current Rating (31.12.2017) |
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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 1996 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 were on track to again surpass
$25 billion in 2017. The sector continues to grow, despite the need for
improvements in factory working conditions to avert further high-profile
accidents that have killed more than 1,000 workers in recent years. Steady
export growth in the garment sector combined with remittances from overseas
Bangladeshis - which totaled about $13 billion and 6% of GDP in 2016 - are key
contributors to Bangladesh's sustained economic growth and rising foreign
exchange reserves.
The recent influx of hundreds of millions of 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 adverse
weather.
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Source
: CIA |
IDENTIFICATION DETAILS
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Correct Company Name |
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RADIANT BUSINESS CONSORTIUM LTD. |
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Head Office |
: |
House# 22/1, Road# 2, Dhanmondi, Dhaka-1205, Bangladesh. |
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Tel No |
: |
88-02-9612481-6, 9660307, 8611661 |
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Fax No |
: |
88-02-8626253 |
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E-mail |
: |
info@radiant.com.bd, info.pharma@radiant.com.bd
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Website |
: |
www.rbclbd.com |
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Date/ Year of Incorporation |
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08.07.2004 |
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Incorporation No. |
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C-53418 |
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Legal Form (General) |
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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) |
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LTD CORP INC CO others (please specify)
________________ |
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Issuing Authority |
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Registrar of
Joint Stock Companies & Firms City Corporation Municipal Administration Union Council Cantonment Board
Chief Controller of Import & Export (CCIE) |
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Other
Registry & Certification Details
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Organization
Name |
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Dhaka Chamber of Commerce & Industry |
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Membership No |
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N/A |
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FINANCIALS- SUMMARY
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Year |
Turnover/
Sales |
Assets |
Income |
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30th June’2016 |
BDT 141 Million |
BDT 16.15 Million |
BDT 3.80 Million |
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30th June’2017 |
BDT 117 Million |
BDT 14.50 Million |
BDT 2.61 Million |
FULLCHECK
REPORT DETAILS
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Information Parted By |
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Name |
: |
Mr. Masrur Ahmed |
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Designation |
: |
Managing Director |
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Contact No. |
: |
N/A |
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Locations Details |
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Operating Address |
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House# 22/1, Road# 2, Dhanmondi, Dhaka-1205, Bangladesh. |
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Tel No |
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88-02-9612481-6, 9660307, 8611661 |
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Fax No |
: |
88-02-8626253 |
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E-mail |
: |
info@radiant.com.bd, info.pharma@radiant.com.bd
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Website |
: |
www.rbclbd.com |
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Location : |
: Owned |
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Rented |
Ö |
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Leased |
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Area |
1000 |
Sq. ft. |
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Type of Office : |
:
Commercial Office Bldg. |
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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. |
Ö |
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Warehouse: |
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Address |
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B-46, Bscic Industrial Estate, Tongi, Gazipur-1710, Bangladesh. |
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Tel No |
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88-02-9815201-3 |
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Fax No |
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88-02-9815204 |
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Owned |
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Rented |
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Leased |
Ö |
Area |
2400 |
Sq. ft. |
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Sales Office: |
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Address |
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House# 2/G, Road & 1, Shamoli,
Dhaka-1207, Bangladesh |
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Tel No |
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Nil |
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Fax No |
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Nil |
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Branch: |
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Address |
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Lubdhok (4th Floor), House# 474
P, Road# 03, Sector# 12, Uttara, Dhaka-1230, Bangladesh. |
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Tel No |
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88-01727211031 |
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Fax No |
: |
Nil |
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Employee: |
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No. of Employees |
In Office |
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10 |
Warehouse |
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1 |
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Sales |
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24 |
Total |
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35 |
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OWNERSHIP/SHAREHOLDERS
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Names of Shareholders |
No. of
Share |
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Mr. Md. Nasser Shahrear Zahedee |
9990 |
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Mr. Masrur Ahmed |
10 |
DIRECTORS
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Name |
Designation |
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Mr. Md. Nasser Shahrear Zahedee |
Chairman |
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Mr. Masrur Ahmed |
Managing Director |
MANAGEMENT
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Name |
: |
Mr. Masrur Ahmed |
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Job Description |
: |
Managing Director |
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Nationality |
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Bangladeshi |
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Email address |
: |
N/A |
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Other details |
: |
N/A |
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Name |
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Mr. AFM Abdul Hye |
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Job Description |
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General Manager |
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Nationality |
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Bangladeshi |
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Email address |
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abdul.hye@radiant.com.bd |
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Other details |
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N/A |
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Name |
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Al-Latif S
Z Prozzawl |
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Job Description |
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Head of
Commercial |
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Nationality |
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Bangladeshi |
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Email address |
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al-latif.prozzawl@radiant.com.bd |
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Other details |
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N/A |
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Name |
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Mr. Rabiul Islam |
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Job Description |
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Asst. Manager
(Commercial) |
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Nationality |
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Bangladeshi |
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Email address |
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rabiul.islam@radient.bd |
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Other details |
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N/A |
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Name |
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Mr. Sharafat Ullah |
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Job Description |
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Manager |
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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 |
: |
N/A |
BUSINESS
OPERATIONS
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Nature of Activity : |
Manufacturer |
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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Item Dealings
In: |
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Products |
: |
Biotech & Diagnostic Product,
Pharmaceuticals Chemicals |
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Production Capacity |
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N/A |
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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 |
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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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Hoffmann-La Roche Ltd |
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Local Suppliers |
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N/A |
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Trade Markets |
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Exports(Country) |
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N/A |
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Imports(Country) |
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India, China, Switzerland, Korea |
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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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Name of Auditors |
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N/A |
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Operation Status |
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Active |
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CAPITAL
STRUCTURE
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Authorized Capital |
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BDT 200 Million |
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Paid-up Capital |
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BDT 1000000 |
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No. of Shares |
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10000 |
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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 14.50 Million |
FINANCIAL
STATEMENT- DETAILED
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Summary information has been given |
Associares/subsidiaries/related
parties
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Name of
The Group |
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Radiant Group |
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Subsidiary |
: |
Nil |
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Sister Concerns |
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Pharmacil Limited Radiant Distributions Limited Radiant Nutraceuticals Limited Radiant Pharmaceuticals Limited |
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BANKING
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Bank Name
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Dhaka Bank Ltd. |
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Bank Address |
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Dhanmondi Branch. House# 20, Road# 7, Dhanmondi R/A,
Dhaka-1205, Bangladesh Tel: 88-02- 9122278, 9115551, 9111019,
9111337 Fax: 88-02- 8125481 |
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Bank Name
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One Bank Ltd |
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Bank Address |
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Dhanmondi Branch. House# 21, Road# 8, Dhanmondi R/A,
Dhaka-1205, Bangladesh Tel: 88-02-9139224, 9120790, 8120672 Fax: 88-02-9143965 |
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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 |
: |
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 |
: |
No Record Found |
SITE
VISIT COMMENTARY
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Our Representative Visited the subject company Head office which is
situated at House# 22/1, Road# 2, Dhanmondi, Dhaka-1205, Bangladesh. It is
situated at Residential Area. |
GENERAL
COMMENTS
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|
Based on the
financial statements, SC’s financial performance appears to be Below Average.
SC has been in its line of business for about 14 years. Taking into account
its standing history, reputation in the market, as well as its financial
condition. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.87 |
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|
1 |
INR 90.49 |
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Euro |
1 |
INR 79.91 |
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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.