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MIRA INFORM REPORT
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Report No. : |
509557 |
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Report Date : |
28.05.2018 |
IDENTIFICATION DETAILS
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Name : |
LIBERTY ENTERPRISE
LIMITED |
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Registered Office : |
Ayub Trade Centre (4th Floor), 1269/B, Sk. Mujib Road, Agrabad
C/A, Chittagong |
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Country : |
Bangladesh |
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Date of Incorporation : |
09.04.2000 |
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Com. Reg. No.: |
CH-3597 |
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Legal Form : |
Private Company |
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Line of Business : |
Manufacturer, Distributor and Importer of Poly Bag, Hang Tag, Back Board, Neck Board, Hanger & Carton. |
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No. of Employees : |
28 |
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 : |
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 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
LIBERTY ENTERPRISE
LIMITED
EXECUTIVE
SUMMARY
|
IDENTIFICATION DETAILS |
||
|
Correct company Name |
: |
Liberty Enterprise Limited |
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Head Office |
: |
Ayub Trade Centre (4th Floor), 1269/B, Sk. Mujib Road,
Agrabad C/A, Chittagong, Bangladesh |
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Tel No |
: |
88-031-2512209, 2512210 |
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Fax No |
: |
88-0-31-2512208 |
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E-mail |
: |
info@libertygroupbd.com, connercialliberty@gmail.com |
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Website |
: |
www.libertygroupbd.com |
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Date/ Year of Incorporation |
: |
09.04.2000 |
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Incorporation No. |
: |
CH-3597 |
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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 |
FINANCIALS-
SUMMARY
|
Year |
Turnover/ Sales |
Assets |
Income/ (Loss) |
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30th
June’2017 |
N/A |
N/A |
N/A |
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Note |
: |
Based on the
corporate laws legal entities which are Association of Persons are not
required to make public disclosure of their annual financials. 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. Md. Masud
Rana |
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Designation |
: |
Manager
(Commercial) |
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Contract No |
: |
N/A |
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Locations Details |
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Operating Address |
: |
Ayub Trade Centre (4th Floor), 1269/B, Sk. Mujib Road, Agrabad C/A, Chittagong, Bangladesh |
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Tel No |
: |
88-031-2512209, 2512210 |
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Fax No |
: |
88-0-31-2512208
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E-mail |
: |
info@libertygroupbd.com, connercialliberty@gmail.com |
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Website |
: |
www.libertygroupbd.com |
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Location : |
: Owned |
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Rented |
Ö |
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Leased |
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Area |
2400 |
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 Pahartali, 1 No. Ward, Fatehab, P.S:
Hathazari, Chittagong,
Bangladesh |
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Tel No |
: |
Nil |
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Fax No |
: |
Nil |
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Branch Address: |
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Address |
: |
Nil |
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Tel No |
: |
Nil |
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Fax No |
: |
Nil |
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Employee: |
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No. of Employees |
In Office |
: |
8 |
In Factory |
: |
20 |
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In Branch: |
: |
Nil |
Total |
: |
28 |
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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. Mohammed Elias |
4000 |
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Mrs. Parvin Ahmed |
1000 |
DIRECTORS
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Name |
Designation |
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Mr. Mohammed Elias |
Managing Director |
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Mrs. Parvin Ahmed |
Director |
MANAGEMENT
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Name |
: |
Mr. Mohammed
Elias |
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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. Md. Masud
Rana |
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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 |
: |
N/A |
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 |
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Importer |
Ö |
Services |
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Others |
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Range of Products: |
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Products |
: |
Poly Bag, Hang Tag, Back Board, Neck Board, Hanger & Carton. |
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Production Capacity |
: |
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 |
DETAILED
DATA
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Trade Reference & Related Parties |
: |
Overseas Clients |
: |
Nil |
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Local Clients |
: |
Nil |
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Overseas Suppliers |
: |
Nil |
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Local Suppliers |
: |
Nil |
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Trade Markets |
: |
Exports |
: |
Nil |
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Imports |
: |
India, China |
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Brand Name |
: |
N/A |
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Certified |
: |
N/A |
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Auditors |
: |
N/A |
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Operation
Status |
: |
Active |
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Member |
: |
N/A |
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CAPITAL
STRUCTURE
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Authorized Capital |
: |
BDT 10 Million |
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Paid-up Capital |
: |
BDT 500000 |
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No. of Shares |
: |
5000 |
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Share Value |
: |
BDT 100.00 Each |
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Main Assets |
: |
N/A |
FINANCIAL
STATEMENT- DETAILED
Summary Information Given.
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
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Sister Concerns |
: |
MIP (BD) Ltd. New Carton Pack Liberty Enterprise Chittagong Cartons Ltd. AMI Accessories (BD) Ltd Liberty Poly Zone (Bd) Ltd Liberty Accessories (Bd) Ltd Imti Poly Packaging Industry Sun Rise Accessories Limited. B. N. Shipping Agency & Trading Ltd Deshi Environment Products (Pvt.) Ltd Rahman Poly Hanger & Accessories Ind
Ltd Elfat Poly Packaging & Accessories
(Pvt.) Ltd |
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Subsidiary |
: |
Nil |
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Name of The Group |
: |
Liberty Group |
BANKING
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Bank Name
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: |
Bank Asia Ltd |
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Bank Address |
: |
Station Road Branch Mohiuddin Market, 170, Station Road,
Chittagong, Bangladesh Tel: 88-031-2850934, 2850935, 6074487118 Fax: 88-031-2850936 |
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Bank Name
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Mutual Trust Bank |
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Bank Address |
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Alankar Mour Branch D.T.Road, Abdul Ali Hat, Alankar Mor, North Pahartali, Chittagong, Bangladesh Tel: 880-031-2772617, 2772619, 2772620,
2772621 Fax: 880-031-2772618 |
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Bank Name
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One Bank Ltd |
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Bank Address |
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CDA Avenue Branch Avenue Center, 787/A, CDA Avenue, East Nasirabad, Kotwali Chittagong, Bangladesh Tel: 88-031-2858151-53 Fax: 88-031-2858154 |
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
|
Our representative visited the subject company
Head Office which is situated at Ayub Trade Centre (4th Floor), 1269/B, Sk.
Mujib Road, Agrabad C/A, Chittagong, Bangladesh. It is situated at Commercial Office 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
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
INR 68.26 |
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|
1 |
INR 91.22 |
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Euro |
1 |
INR 79.88 |
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BDT |
1 |
INR 0.80 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
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Report Prepared
by : |
NIT |
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.