MIRA INFORM REPORT
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Report Date : |
19th May 2006 |
IDENTIFICATION DETAILS
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Name : |
COLUMBIA
GARMENTS LIMITED |
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Registered Office : |
Vogra, |
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Date of Incorporation : |
2002 |
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Legal Form : |
Private limited company |
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Line of Business : |
Engaged in manufacturing
and exporting of ready-made garments to foreign countries. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
RATING
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STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
NAME & ADDRESS
Columbia Garments Limited
Vogra,
Chandana,
Gazipur Sadar,
District.Gazipur,
Bangladesh.
Head office
Red Cresent Concord Tower (8th Floor),
17,Mohakhali Commercial Area,
Dhaka-1212.
Telephone: 880-2-9292547,8824356,8826747
Fax : 880-2-8823859
E-mail: info@mj-group.com
SUMMARY
Established : 2002
Incorporation
No. : File on movement at ROC.
Would inform you later.
Incorporation
dated : File on movement at ROC.
Would inform you later.
Status : Satisfactory
Managing Director & CEO :
Mr. Salahuddin Ahmed
Payment : Regular
Litigation : Nil
Capital
Invested : Tk.30 million
Sales : Tk.298 million
Employees : 3501
Executives- 5
Junior Executives- 12
Merchandisers- 18
Quality Control- 19
Supervisory Staff- 55
Support Staff- 9
General Staff- 13
Technicians- 6
Workers- 3364
BANK
r Standard Chartered Bank
Gulshan Branch,Dhaka.
FACTORY
Vogra,
Chandana,
Gazipur Sadar,
District.Gazipur,
Bangladesh.
BRANCH
NIL
DIRECTORS & SHAREHOLDERS
Ms. Jahanara Begum - Chairperson
Mr. Salahuddin Ahmed - Managing Director
Mr. Munir Ahmed
Mr. Tarique
Ahmed
HISTORY
The company was established in Dhaka city having it factory at Gazipur
district by Mr.Shalhuddin Ahmed & other directors for producing and
exporting ready made garments to overseas countries.
BUSINESS
The subject is engaged in manufacturing and exporting of ready-made
garments to foreign countries.
RANGE OF PRODUCTS
r T-Shirts
r M.B. Shirts
r Pants
r Short Pats
r Long Pants
r Polo Shirts
r Children Wears etc
PRODUCTION POSITION
Yearly Production Capacity : 315,000 dozens
Last year
production : 315,000 dozens
MAJOR OVERSEAS CLIENTS
r H &
M - USA
r GAP - UK/USA
r Wal-Mart - USA
FABRICS & ACCESSORIES FROM
r China
r Hong Kong
r Thailand
r Local Sources
r Pakista
r India
NAME OF GROUP
M J GROUP
GROUP COMPANIES
r Columbia Apparels Ltd.,
Dhaka.
r Janisi Fashion Ltd.,Dhaka.
MEMBER
r Bangladesh Garment
manufacturer & Exporter Association, Dhaka
r Dhaka Chamber of Commerce
& Industry, Dhaka.
LEGAL FORM
The subject is a private limited company incorporated with the Registrar of
Joint Stock Companies, Dhaka.
FINANCIAL INFORMATION
2004 2003
Capital Invested Tk.30 million Tk.30 million
Turnover Tk.298 million Tk.296 million
Liability Tk.8.2 million Tk.9.3 million
Fixed
Assets Tk.40 million Tk.40 million
CAPITAL STRUCTURE
Authorized Capital : Tk.100 million
Paid up Capital :
Tk.200,000.00
Each Share value : Tk.100.00
each
EXCHANGE RATE
GB Pound
1.00=Tk.118.9771
US Dollar 1.00=Tk.
67.0139
Europe Euro 1.00=Tk. 81.6356
Japanese Yen 1.00=Tk. 0.5858
Australian Dollar 1.00=Tk. 50.6070
COMMENTS
The subject is a private limited company engaged in manufacturing and
exporting ready made garments to overseas countries. The quality of their
products are of high quality and they enjoy good reputation among their
clients.
The directors are experienced and well conversant in their line of business.
They are well know in local garment business circle.
The company is good for normal business engagements.
RATING EXPLANATIONS
RATING
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STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely
sound financial base with the strongest capability for timely payment of
interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate
working capital. No caution needed for credit transaction. It has above
average (strong) capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial &
operational base are regarded healthy. General unfavourable factors will not
cause fatal effect. Satisfactory capability for payment of interest and
principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are
apparent. Repayment of interest and principal sums in default or expected to
be in default upon maturity |
Limited with full
security |
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<10 |
C |
Absolute credit risk
exists. Caution needed to be exercised |
Credit not recommended |