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MIRA INFORM REPORT
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Report Date : |
8th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
CENTURY FASHION WEAR (PVT) LIMITED |
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Registered Office : |
Basati Horizon (13th Floor), Suite No.A 13, House No.21, Road No.17,
Banani Commercial Area, Dhaka-1213, Bangladesh |
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Country : |
Bangladesh |
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Date of Incorporation : |
19.03.1985 |
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Com. Reg. No.: |
C-13921 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Engaged in 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 |
Company Name
CENTURY FASHION WEAR (PVT) LIMITED
Address
Basati Horizon (13th Floor),
Suite No.A 13,
House No.21,
Road No.17,
Banani Commercial Area,
Dhaka-1213,
Bangladesh
Telephones :
880-2-9885667,9861898
Fax : 880-2-9888302
E-mail : revens@gononet.com / Jakir68@dhaka.net
SUMMERY
Established :
March,1985
Incorporation No :
C-13921
Incorporation dated :
19th March,1985
Status :
Satisfactory
Managing Director & CEO :
Mr. S.M.Azizur Rahman
Payment :
Regular
Litigation :
NIL
Capital Invested :
Tk.18 million
Sales :
Tk.378 million
Employees :
690
Executives- 3
Junior Executives- 4
Merchandisers- 3
Quality Control- 4
Supervisory Staffs- 19
Support Staffs- 5
General Staffs- 6
Technicians- 4
Workers- 642
BANK
Dhaka Bank Limited
Local Office,
115-120,Motijheel Commercial Area,
Dhaka
FACTORY
131,Bangabandhu Road,
Narayanganj-1400
Tel. : 8802-7614994
Fax. : 880-2-9712124
E-mail. : mnr@gononet.com
BRANCH
36-9, 37th Street,
Long Island City
New York-11101,
U.S.A.
Tel. 1-718-786-1587
Fax. 1-718-786-0242
E-mail. revensint@aol.com
OFFICE AREA
850 sq.ft (rented)
FACTORY AREA
22,300 sq.ft (rented)
WAREHOUSE AREA
2,800 sq.ft (rented)
DIRECTOR & SHAREHOLDERS
Mr.S.M.Azizur Rahman
-Chairman & Managing Director
Mr.S.M.Fazlur Rahman
HISTORY
The subject was established in March,1985 by Mr.S.M.Azizur Rahman and
other director in Dhaka city having its factory at Bangabandhu Road district :
Narayanganj
BUSINESS
The company in engaged in manufacturing and exporting of ready-made
garments to overseas countries.
RANGE OF PRODUCTS
Jacket
Jogging Suites
Swim Wears
T-Shirts
Tank Tops
PRODUCTION POSITION
Yearly Production Position ---------768,000
dozens
Last year Production -------768,000
dozens
MAJOR CLIENTS
Wal-Mart------------------USA
K-Mart---------------------USA
Target---------------------USA
Sears----------------------USA
Image Concept Inc-----USA
Larsen Inc----------------USA
Bradley Imports---------USA
FABRICS & ACCESSORIES
China
Hong Kong
Thailand
Local Sources
Pakistan
India
TERMS & SALES
Against----L/C
NAME OF GROUP
NIL
SISTERN 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 Companies, Dhaka
FINANCIAL INFORMATION
2005 2004 2003
Capital Invested Tk.
Turnover Tk.
Liability Tk.
Fixed Assets Tk.
CAPITAL STRUCTURE
Authorised Capital : Tk.40 million
Paid up Capital : Tk.
250,000.00
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
Subject is a private limited company engaged in manufacturer and
exporter of ready-made garments to overseas countries. The quality of their
products is good and they are well conversant in overseas markets.
Directors are well acquainted in their line of trade. They are
experienced businessmen of good reputation, financially solvent.
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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