MIRA
INFORM REPORT
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Report Date : |
24.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
J. K. Fabrics Limited |
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Registered Office : |
South Dariyapur (Sarar Bazar), Savar, Dhaka |
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Country : |
Bangladesh |
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Date of Incorporation : |
13th July,1993 |
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Com. Reg. No.: |
C-24234 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturing and exporting of ready-made garments to
overseas countries. |
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
J. K. Fabrics Limited
Address
South
Dariyapur (Sarar Bazar),
Savar,
Dhaka,
Bangladesh.
Telephones : 880-2-7710034,7710035
Fax : 880-2-7710032
E-mail : jkgroup@aitbd.net
hisham@jkgroupbd.com
Head Office
Metropolitan
Scout Bhaban (2nd Floor),
54, Inner
Circular Road,
Purana
Paltan,
Dhaka
Tel. 880-2-8318551, 9339265, 9334156
Fax. 880-2-8319326
SUMMARY
Established :
July,1993
Incorporation No. :
C-24234
Incorporation
Dated :
13th July,1993
Managing
Director & CEO :
Mr. Jahangir Alm Khan
Employees
625
Executives- 3
Junior
Executives- 5
Merchandisers- 4
Quality
Control- 20
Supervisory
Staffs- 30
Support
Staffs- 9
General
Staff- 12
Technicians- 6
Workers- 536
BANK
Sonali Bank
Corporate Branch,
Bangabandhu
Avenue,
Dhaka,
FACTORY
South
Dariyapur (Sarar Bazar),
Savar,
Dhaka
WAREHOUSE
South
Dariyapur (Sarar Bazar),
Savar,
Dhaka
BRANCH
NIL
SHAREHOLDER &
DIRECTORS
Mr. M.
Jahangir Alam Khan - Chairman & Managing Director
Mr. Azizur
Rahman
HISTORY
The subject was established in July,1993 in Dhaka city by Mr.
M. Jahangir Alam Khan and other director in Dhaka city having its factory at
South Dariyapur, Savar, Dhaka.
BUSINESS
The subject is engaged in manufacturing and exporting of
ready-made garments to overseas countries.
RANGE OF PRODUCTS
T-Shirts
Polo-Shirts
Tank Tops
PRODUCTION POSITION
Yearly Production Capacity : 1.2 million dozens
Last year
production :
1.2 million dozens
MAJOR CLIENTS
Bertonik-----Germany/France
DDP---------France
Western
Stores----France
Corbes--------USA
Bickis----------USA
FABRIC &
ACCESSORIES FROM
China
Hong Kong
Local
Sources
Thailand
Pakistan
India
TERMS OF SALES
Against L/C
NAME OF GROUP
J K Group
SISTER CONCERN
J K Knit
Composite Limited, Dhaka
Tanima Knit
Composite Limited, Dhaka
MEMBER
Bangladesh
Garments Manufacturers Association, Dhaka (BGMEA)
Dhaka Chamber of Commerce & Industries, Dhaka
LEGAL FORM
The subject is a private limited Company incorporated with
the Registrar of Joint Stock Companies, Dhaka
FINANCIAL
INFORMATION
2005 2004 2003
Capital
Invested Tk.18 million Tk.
18 million Tk.18 million
Turnover Tk.176 million Tk.175.4 million Tk.175.8 million
Liability NIL NIL NIL
Fixed Assets
Tk.25 million Tk.25 million Tk.24
million
CAPITAL STRUCTURE
Authorized Capital : Tk.15 million
Paid up
Capital : Tk.150,000.00
Each share
value : Tk.100.00 each
EXCHANGE RATE
GB
Pound 1.00=Tk.136.2447
US Dollar 1.00=Tk. 69.8575
Europe
Euro 1.00=Tk. 92.5186
Japanese
Yen 1.00=Tk. 0.5973
Australian Dollar 1.00=Tk. 55.1852
COMMENTS
Subject is a private limited company which is engaged in
manufacturing and exporting ready-made garments. The quality of their products
are 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%)