MIRA
INFORM REPORT
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Report Date : |
05.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
Autotex Fabrics Limited |
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Registered Office : |
Plot No.45, Road No. 7, Block- A, Mirpur-12, Dhaka-1221 |
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Country : |
Bangladesh |
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Date of Incorporation : |
21st December, 2000 |
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Com. Reg. No.: |
C-42170 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturing and exporting of high quality ready-made garments |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
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 : |
Usually correct |
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Litigation : |
Clear |
Report on
Autotex Fabrics Limited
Address
Plot No.45,
Road No. 7,
Block- A,
Mirpur-12,
Dhaka-1221
Bangladesh.
Telephones : 880-2-9014070
Fax : 880-2-9014070
E-mail :
autotexfl@yahoo.com
SUMMARY
Established : December,2000
Incorporation
No. : C-42170
Incorporation
Dated : 21st
December,2000
Managing
Director & CEO : Mr.
Mozammel Hoque
Employees
252
Executives- 3
Junior
Executives- 5
Merchandiser- 3
Quality
Control- 15
Supervisory
Staffs- 20
Support
Staffs- 5
General
Staffs- 8
Technicians- 4
Workers- 189
BANK
Sonali Bank
Sadarghat
Branch,
Dhaka.
FACTORY
Plot No.45,
Road No.7,
Block-A,
Mirpur-12,
Dhaka-1221
OFFICE AREA
525 sq. ft.(rented)
FACTORY AREA
12,500 sq. ft (rented)
WAREHOUSE AREA
2,100 sq. ft.(rented)
DIRECTORS &
SHAREHOLDERS
Mr. Mozammel
Hoque - Chairman & Managing Director
Mr. Mofazzal
Hossain
HISTORY
The company was established in December, 2000 by Mr.
Mozammel Hoque and other director in Dhaka city for manufacturing of ready-made
garments.
BUSINESS
The company is engaged in manufacturing and exporting of
high quality ready-made garments to overseas markets.
RANGE OF PRODUCTS
T-Shirts
Polo-Shirts
Pajama Sets
PRODUCTION POSITION
Yearly production Capacity : 200,000 Dozens
Last year Production : 200,000 Dozens
MAJOR CLIENTS
KIKSTAR-----Switzerland
Charanga----Spain
FABRICS &
ACCESSORIES FROM
Hong Kong
China
Thailand
Local
Sources
Pakistan
India
TERM OF SALES
Against L/C
NAME OF GROUP
NIL
SISTER CONCERN
NIL
MEMBER
Bangladesh
Garments Manufacturer & Exporters Association, Dhaka.
Dhaka
Chamber of Commerce & Industries, Dhaka
LEGAL FORM
The subject is a private limited company incorporated with
the Registrar of Joint Stock of Companies Dhaka.
FINANCIAL INFORMATION
2005 2004 2003
Capital Invested Tk.17 million Tk.17 million Tk.17 million
Turnover Tk.145 million Tk.144.5 million Tk.144.6 million
Liability NIL NIL NIL
Fixed Assets Tk.28 million Tk.28 million Tk.27
million
CAPITAL STRUCTURE
Authorized
Capital Tk.10 million
Paid up
Capital Tk.100,000.00
Each share
value Tk.100.00 each
EXCHANGE RATE
GB Pound 1.00=Tk.138.0118
US Dollar 1.00=Tk. 70.4700
Europe
Euro 1.00=Tk. 92.7535
Japanese
Yen 1.00=Tk. 0.5992
Australian Dollar 1.00=Tk. 55.5718
COMMENTS
Subject is a private limited company which is engaged in
manufacturing and exporting of ready-made garments. The quality of their
products is very good and they are well known in overseas markets.
Directors are well conversant in their line of trade and
they are also experienced businessmen.
The company can be considered normal for business dealings
at usual trade terms and conditions.
RATING
EXPLANATIONS
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RATING |
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 |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)