MIRA
INFORM REPORT
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Report Date : |
29.08.2007 |
IDENTIFICATION DETAILS
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Name : |
Birds A and Z Limited |
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Registered Office : |
9/9, |
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Country : |
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Date of Incorporation : |
26th July, 1999 |
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Com. Reg. No.: |
C-38236 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturing and exporting of 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 : |
Regular |
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Litigation : |
Clear |
Report on
Birds A
and Z Limited
Address
9/9,
Mohammadpur,
Telephones : 880-2-7701397, 7701396,
7701395, 7701398
Fax : 880-2-8012584
E-mail : birds@citechco.net
SUMMARY
Established :
July, 1999
Incorporation
No. :
C-38236
Incorporation
Dated : 26th
July, 1999
Managing
Director & CEO :
Engr. Mustafa Anwar
Employees
870
Executives- 3
Junior
Executives- 5
Merchandisers- 8
Quality
Control- 28
Supervisory
Staffs- 39
Support
Staffs- 10
General Staffs- 11
Technicians- 8
Workers- 758
BANK
Prime Bank
Limited
Dilkusha Commercial
Area,
BRANCH
NIL
FACTORY
Plot No.113,
Baipal,
Savar,
OFFICE AREA
980 sq. ft.
(own)
FACTORY AREA
55,000 sq.
ft (own)
WAREHOUSE AREA
4,200 sq. ft
(own)
DIRECTORS &
SHAREHOLDERS
Ms. Nazma Begum -Chairperson
Engr. Mustafa Anwar - Managing Director
Mr. Shadat
Anwar
Ms. Noonessa
Begum
HISTORY
The subject was established in July, 1999 by Engr. Mustafa
Anwar and other directors in Dhaka city having its factory at Baipail, Savar,
BUSINESS
The company is engaged in manufacturing and exporting of
ready-made garments to overseas countries.
T-Shirts
Polo-Shirts
Basic Shirts
PRODUCTION POSITION
Yearly
Production Capacity :
100,000 dozens
Last year
Production :
100,000 dozens
MAJOR CLIENTS
Tryron---------Hong Kong
ZXY-----------U.K
GOR
Factory-Germany
FABRIC &
ACCESSORIES FROM
Local Sources
TERMS OF SALES
Against L/C
NAME OF GROUP
Birds Group
SISTER CONCERN
Birds
Apparels Limited,
Birds Dafrex
Limited,
Birds
Garments Limited,
MEMBER
Dhaka
Chamber of Commerce & Industries,
LEGAL FORM
The subject is a private limited company incorporated with
the Registrar of Joint Stock of Companies Dhaka.
FINANCIAL
INFORMATION
2006 2005 2004
Capital
Invested Tk.21 million Tk.21
million Tk.21 million
Turnover
Tk.322 million Tk.321.5 million Tk.321.7 million
Liability Tk.10 million Tk.10.5 million Tk.10.7 million
Fixed Assets
Tk.30 million Tk.30 million Tk.30 million
CAPITAL STRUCTURE
Authorized
Capital Tk.50 million
Paid up
Capital Tk.100,000.00
Each share
value Tk.100.00 each
EXCHANGE RATE
GB
Pound 1.00=Tk.140.1706
US Dollar 1.00=Tk.
69.4850
Japanese
Yen 1.00=Tk. 0.5712
Australian Dollar 1.00=Tk. 59.7270
COMMENTS
The subject is a family owned private limited company who is
engaged in manufacturing and exporting of ready-made garments to mainly EEC
countries. The quality of their products are very good and their order book
remains full around the year. They enjoy good reputation among their clients
because of the standard they maintain in their products.
The directors are well conversant in their line of trade and
they are also experienced businessmen.
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. |
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%)