MIRA
INFORM REPORT
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Report Date : |
27th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
INTERNATIONAL TRADING SERVICES LTD |
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Registered Office : |
Civil Engineers City (Ground & Ist Floor), Gazipur Sadar, Gazipur, Bangladesh |
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Country : |
Bangladesh |
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Date of Incorporation : |
31.07.1980 |
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Com. Reg. No.: |
C-8250 |
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Legal Form : |
Private
Limited Company |
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Line of Business : |
Engaged
as Industrial Washing Plant. |
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
INTERNATIONAL
TRADING SERVICES LTD
Address
Civil
Engineers City
(Ground & Ist Floor),
Gazipur Sadar,
District : Gazipur,
Bangladesh
Telephone : 880-2-9297947-8,
Fax : 880-9893175
E-Mail : info@standard-group.com
SUMMARY
Established :
July,1980
Incorporation
No. :
C-8250
Incorporation
Dated :
31st July,1980
Status :
Satisfactory
Managing
Director & CEO :
Engr.Mosharraf Hossain
Payment :
Regular
Litigation :
Nil
Capital
Invested :
Tk.30 million
Sales :
Tk.255 million
Employees :
1,498
Executives- 4
Junior Executives-
5
Junior Engineer-
3
Quality Control-
12
Supervisory Staff-
19
Support Staff-
7
General Staffs-
10
Technicians- 9
Workers------- 1,429
BANK
Standard Charterd Bank
Gulshan Branch,
Dhaka.
Dhaka Bank Limited
Gulshan Branch,
Dhaka.
FACTORY
Civil Engineers City
(Ground & Ist Floor),
Gazipur Sadar,
District : Gazipur,
BRANCH
NIL
OFFICE AREA
1,750 sq.ft. (own)
FACTORY AREA
56,800 sq.ft (own)
WAREHOUSE AREA
9,550 sq.ft.(own)
DIRECTORS & SHAREHOLDERS
Engr.M.Atiqur Rahman
-Chairman
Engr.Mosharraf Hossain
-Managing Diretor
Mrs.Mahmuda Begum
Mrs.Tahminah Rahman
HISTORY
The subject was established in July,1980 by Engr.Moshrat
Hossain and other directors in Dhaka city having its factory at Gazipur Sadar
district: Gazipur.
BUSINESS
The company is engaged as Industrial Washing Plant
RANGE OF SERVICES
Washing of Ready-made garments
ITEMS DEALING IN
Washing of all types of ready-made garments
PRODUCTION POSITION
Yearly Production Capacity :
17 million pcs
Last year Production : 17 million pcs
MAJOR CLIENTS
Gap-----USA
Sears---USA/Canada
Zara----Germany
TERM OF SALES
Cash
Credit
NAME OF GROUP
Standard Group
SISTER CONCERN
Standard Fashion Limited, Dhaka
Standard Garments Limited, Dhaka
Standard Stitches Limited, Dhaka
Standard Trading Co. Limited, Dhaka
Kazipur fashion Limited, Dhaka
MEMBER
Bangladesh Textile Mills 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.30 million Tk.30
million Tk.29.8
million
Turnover
Tk.255 million
Tk.254.8 million Tk.254.4 million
Liability
Tk.9.9 million
Tk.9.3 million Tk.9.6 million
Fixed Assets
Tk.100 million Tk.100
million Tk.99 million
CAPITAL STRUCTURE
Authorized Capital Tk.50
million
Paid up Capital Tk.200,000.00
Each share value Tk.100.00
each
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
Subject is a private limited engaged as washing plant for
local export oriented ready-made garment industries. The job done by the
company is of international standard and as such their popular among the local
garment industries.
Directors are
experienced businessmen and good reputation. They are well known in
local garment circle and are financially solvent and good at his business
commitments, as reported.
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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