MIRA
INFORM REPORT
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Report Date : |
03.08.2007 |
IDENTIFICATION
DETAILS
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Name : |
KDS TEXTILE MILLS LTD |
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Registered Office : |
251-252, |
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Country : |
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Financials (as on) : |
2005 |
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Date of Incorporation : |
1.11.1993 |
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Com. Reg. No.: |
CH-1506 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturers and sellers of Fabrics. |
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 : |
Regular |
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Litigation : |
Clear |
Company name
KDS Textile Mills Limited
Address
251-252,
Nasirabad Industrial Area,
Telephones :
880-31-681240-4, 682474-8
Fax :
880-31-6828361,
E-mail : textile@kdsgroup.net
SUMMARY
Established :
November,1993
Incorporation No. :
CH-1506
Incorporation Dated :
1st November,1993
Managing Director
&
CEO : Mr.Khalilur Rahman
Employees
Total Employees : 225
Executives- :
3
Junior Executives- : 4
Textile Engineers- : 4
Junior Textile Engineer : 2
Quality Control- : 8
Supervisory Staffs- : 10
Support Staffs-
: 6
General Staffs- : 14
Technicians- : 8
Workers- :
166
BANK
EXIM Bank Limited
Agrabad Commercial Area,
HSBC,
Agrabad Commercial Area,
BRANCH
NIL
FACTORY
251-252,
Nasirabad Industrial Area,
OFFICE AREA
3,000 Sq.ft. (own)
FACTORY AREA
85,000 Sq.ft (own)
WAREHOUSE AREA
7,100 Sq.ft (own)
DIRECTORS & SHAREHOLDERS
Mr.Khalilur Rahman -
Chairman & Managing Director
Mr.Abdul Hai
Mrs.Delwara Begum
Mr.Salim Rahman
Mr.Yasin Rahman
Ms.Nilufar Rahman
Ms.Farida Akhter
Ms.Tahmina Akhter
Ms.Hasina Akhter
HISTORY
The subject was established in November,1993 by Mr.Khalilur Rahman and other directors in
BUSINESS
The company is engaged in manufacturing and selling of fabrics to local
export oriented ready-made garment industries.
Fabrics
PRODUCTION POSITION
Yearly Production Capacity :
2.7 million tons
Last year Production :
2.7 million tons
MAJOR CLIENTS
1 Local Export Oriented Ready-made Garment
Industries
RAW MATERIALS FROM
1
1
1
TERMS OF SALES
1 Cash
1 Credit
NAME OF GROUP
KDS Group
GROUP COMPANIES
KDS Garments Industries Ltd,
H.N.garments Limited,
Moon Apparels Five Star Corp.
Shaindair Garments Limited,
Super Dresses Limited,
KHS
KDS Hi-Tech Garments (BD) Limited,
KDS Quality,
KDS Washing Plant,
KDS Embroidery Plant,
KDS Poly Industries Limited,
KDS Plastic Hanger Industries Limited,
KDS printing Industries Limited,
KDS Label Printing Industries Limited,
KDS Screen Printing Industries Limited,
K.S.Apparels limited,
KDS Knitting & Dyeing Industries Limited,
KDS Cotton Poly Thread Industries Ltd,
KDS QAC Limited,
Ky Steel Mills Limited,
KDS Information Technologies Ltd,
MEMBER
LEGAL FORM
The subject is a private limited company incorporated with the Registrar
of Joint Stock of Companies Chittagong.
FINANCIAL
INFORMATION
2006 2005 2004
Capital Invested Tk.52 million Tk.52 million Tk.52
million
Turnover Tk.475 million Tk.474.8 million Tk.474.3 million
Liability Tk.16 million Tk.16.5 million Tk.16.7 million
Fixed Assets Tk.110 million Tk.110 million Tk.109 million
CAPITAL STRUCTURE
Authorized Capital Tk.50
million
Paid up Capital Tk.300,
000.00
Each share value Tk.100.00
EXCHANGE RATE
GB Pound
1.00=Tk.129.1870
US Dollar 1.00=Tk. 68.6654
Europe Euro 1.00=Tk.
87.0154
Japanese Yen 1.00=Tk. 0.5831
Australian Dollar 1.00=Tk.
52.3228
COMMENTS
The subject is a family owned private limited company engaged in
manufacturing and selling of good quality fabrics to local export oriented
ready-made garment industries. The qualities of their products are good and
they always keep highest standard of quality as such they get repeat order from
their clients.
The directors are well conversant in their line of trade. They are
financially solvent and good at their business commitments, it is reported.
The company is good for normal business engagements.
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%)