MIRA
INFORM REPORT
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Report Date : |
8th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
CENTURY
DESIGN AND FASHION PRIVATE LIMITED |
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Registered Office : |
1414/11, Pallabi (2nd & 3rd
Floor), Mirpur, Dhaka-1216, Bangladesh. |
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Country : |
Bangladesh |
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Date of Incorporation : |
28.12.2004 |
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Com. Reg. No.: |
C-55346 |
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Legal Form : |
Private
Limited Company |
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Line of Business : |
Engaged
in manufacturing and exporting of high quality ready-made garments to
overseas markets. |
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 DESIGN & FASHION PVT LTD
Address
1414/11, Pallabi (2nd & 3rd
Floor),
Mirpur,
Dhaka-1216,
Bangladesh.
Telephones :
880-2-8056363
Fax :
880-2-9014988
E-mail : century@bangla.net
Head Office
23/8,Tajmahal Road
Block-C,
Mohammadpur,
Dhaka-1207,
Tel. 880-2-8125622,9111815,9142340
Fax. 880-2-9114037
E-mail. asynergy@bangla.net, century@bangla.net, alvihq@bangla.net
SUMMARY
Established :
December,2004
Incorporation No. :
C-55346
Incorporation Dated :
28th December,2004
Status :
Satisfactory
Managing Director & CEO :
Engr.Faridur Rahman
Payment :
Regular
Litigation :
Nil
Capital Invested :
Tk.20 million
Sales :
Tk.249 million
Employees :
349
Executives- 5
Junior Executives-
4 Merchandiser- 4
Quality Control-
5
Supervisory Staffs-
16
Support Staffs-
5
General Staffs-
7
Technicians- 4
Workers-
299
BANK
Mutual Trust Bank Limited
Pallabi Branch,
Dhaka.
FACTORY
1414/11, Pallabi (2nd & 3rd
Floor),
Mirpur,
Dhaka-1216,
OFFICE AREA
680 sq.ft.(rented)
FACTORY AREA
16,450 sq.ft (rented)
WAREHOUSE AREA
2,500 sq.ft.(rented)
DIRECTORS & SHAREHOLDERS
Mr.Mir Mohammad Faruque
-Chairman
Engr.Faridur Rahman
-Managing Director
Mr.Sayed Anowarul Haque
HISTORY
The company was established in December, 2004 by
Engr.Faridur Rahman and other directors in Dhaka city.
BUSINESS
The company is engaged in manufacturing and exporting of
high quality ready-made garments to
overseas markets.
RANGE OF PRODUCTS
T-Shirts
Polo-Shirts
Jackets
PRODUCTION POSITION
Yearly production Capacity :
283,000 Dozens
Last year Production :
283,000 Dozens
MAJOR CLIENTS
Euro Bangla----Netherlands
Wal-Mart- USA
MGB------------Germany
FABRICS & ACCESSORIES FROM
Hong Kong
China
Thailand
Local Sources
Pakistan
India
TERM OF SALES
Against L/C
NAME OF GROUP
NIL
SISTER CONCERN
Century Fashion Ltd, Dhaka
Synergy, Dhaka
A & B International, Dhaka
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 of Companies Dhaka.
FINANCIAL INFORMATION
2005
Capital Invested Tk.20
million
Turnover Tk.249
million
Liability Tk.4.2
million
Fixed Assets Tk.38
million
CAPITAL STRUCTURE
Authorized Capital Tk.25
million
Paid up Capital Tk.150,
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
The subject is a private limited company who is engaged in
manufacturing and exporting ready-made garments. The quality of their products
is very good and they are well known in overseas markets.
The directors are well conversant in their line of trade and
they are also experienced businessman.
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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