3decades

MIRA INFORM REPORT

Report No. :	500867
Report Date :	30.03.2018

IDENTIFICATION DETAILS

Name :	CITY FOILS LTD.

Registered Office :	Middle Gazirchat Ashulia Savar

Country :	Bangladesh

Date of Incorporation :	30.06.2017 (Financials- Summary)

Com. Reg. No.:	C-75691

Legal Form :	Private Co

Line of Business :	Manufacturer, Distributor, importer And Pharmaceuticals Foil

No. of Employees :	25

RATING & COMMENTS

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

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Status :	Moderate

Payment Behaviour :	Slow but Correct

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	:	City Foils Ltd.
Head Office	:	Middle Gazirchat Ashulia Savar, Bangladesh
Tel No	:	88-01675854081, 01921152040
Fax No	:	Nil
E-mail	:	cityfoils@yahoo.com
Website	:	Nil
Date/ Year of Incorporation	:	29.03.2009
Incorporation No.	:	C-75691
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

Other Registry & Certification Details

Value Added Tax(VAT) No	:	17121009927	Date of Registration	:	N/A
Issuing Authority	:	National Board of Revenue

FINANCIALS- SUMMARY

Year	Turnover/ Sales	Assets	Income/ (Loss)
30^th June, 2017	N/A	N/A	N/A

FULLCHECK REPORT DETAILS

*Information Parted By*
Name	:	Mr. Bhakta Kumar
Designation	:	Officer (Commercial)
Contract No	:	88-01921152040

*Locations Details*
Operating Address	:	Middle Gazirchat Ashulia Savar, Bangladesh
Tel No	:	88-01675854081, 01921152040
Fax No	:	Nil
E-mail	:	cityfoils@yahoo.com
Website	:	Nil

Location :

: Owned

Rented

Leased

Area

800

Sq. ft.

Type of Office :	: Commercial Area.	Ö		Semi-commercial office Bldg.
Retail shop			Industrial Park
Business Center			Home Office
Residential Bldg.

Factory:

Address	:	Middle Gazirchat Ashulia Savar, Bangladesh
Tel No	:	Nil
Fax No	:	Nil

Branch:

Address	:	Nil
Tel No	:	Nil
Fax No	:	Nil

Employee:

No. of Employees	In Office	:	5	In Factory	:	20
	In Branch	:	N/A	Total	:	25
Details:

OWNERSHIP/SHAREHOLDERS

Names of Shareholders	No. of Share	Country
Mr. Mohd. Shah Alam Newaz	1500	Bangladesh.
Mr. Md. Salahuddin Khan	1500	Bangladesh.
Mr. Md. Jahangir Hossain	1500	Bangladesh.
Mr. Md. Abdul Hye Siddiki	1500	Bangladesh.

DIRECTORS
1.

Name	:	Mr. Mohd. Shah Alam Newaz
Designation	:	Managing Director
Nationality	:	Bangladeshi.
Email address	:	N/A
Other details	:	N/A

2.

Name	:	Mr. Md. Salahuddin Khan
Designation	:	Director
Nationality	:	Bangladeshi.
Email address	:	N/A
Other details	:	N/A

3.

Name	:	Mr. Md. Jahangir Hossain
Designation	:	Director
Nationality	:	Bangladeshi.
Email address	:	N/A
Other details	:	88-01675854081

4.

Name	:	Mr. Md. Abdul Hye Siddiki
Designation	:	Director
Nationality	:	Bangladeshi.
Email address	:	N/A
Other details	:	N/A

MANAGEMENT

Name	:	Mr. Mohd. Shah Alam Newaz
Job Description	:	Managing Director
Nationality	:	Bangladeshi.
Email address	:	N/A
Other details	:	N/A

Name	:	Mr. Bhakta Kumar
Job Description	:	Officer (Commercial)
Nationality	:	Bangladeshi.
Email address	:	N/A
Other details	:	88-01921152040

BUSINESS OPERATIONS
Nature of Activity :	Manufacturer	Ö	Trader		Dealer	Distributor	Ö

	Exporter		Importer	Ö	Services	Others

Range of Products:

Products	:	Pharmaceuticals Foil
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 30 Million

Paid-up Capital	:	BDT 600000

No. of Shares	:	6000

Share Value	:	BDT 100.00 Each

Main Assets	:	N/A

FINANCIAL STATEMENT- DETAILED

SC didn’t submit financial to local registry office.

ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES
Name of The Group	:	Nil
Name of Mother Company	:	Nil
Subsidiary	:	Nil
Sister Concerns	:	Nil

BANKING

Bank Name	:	Islami Bank Bangladesh Ltd
Bank Address	:	Ganakbari Niyat Chalim Plaza, Balivadra Bazar, Ganakbari, Savar, Bangladesh Tel: 88-02-7788300, 01713425966, 01713190759, 0173034061 Fax: 88-02-7788300

Bank Name	:	Uttara Bank Ltd
Bank Address	:	E P Z Branch DEPZ, Dhamsona, Ashulia, Savar-1344, Bangladesh Tel: 88-02-7701208, 01991144151

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 Middle Gazirchat Ashulia Savar, Bangladesh. It’s situated at a Commercial Area.

GENERAL COMMENTS

Subject is mainly engaged in Manufacturer, Importer & Distributor. Their products are popular to the local customers & their goodwill grows up day by day.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.04
UK Pound	1	INR 92.28
Euro	1	INR 80.62
BDT	1	INR 0.78

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

INFORMATION DETAILS

Analysis Done by :	NIS

Report Prepared by :	KET

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.