MIRA
INFORM REPORT
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Report Date : |
01.06.2007 |
IDENTIFICATION DETAILS
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Name : |
JENNYS SHOES LIMITED |
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Registered Office : |
Plot No. 19, Road No. 12, Shaympur Kadamtali Industrial Area, |
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Country : |
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Date of Incorporation : |
14th September, 1997 |
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Com. Reg. No.: |
C-33852 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturing and exporting of all kind footwear’s 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 |
Report on
JENNYS SHOES LIMITED
Address
Plot No.19,
Road No.12,
Shaympur Kadamtali Industrial Area,
Telephones :
880-2-8826350,8824885
Fax :
880-2-8823372
E-mail : jennys@optimaxbd.net
SUMMARY
Established :
September, 1997
Incorporation
No. :
C-33852
Incorporation
Dated : 14th
September, 1997
Managing
Director & CEO :
Mr. M. Nasir Khan
Employees
602
Executives- 3
Junior
Executives- 5
Engineer- 2
Quality
Control- 18
Supervisory
Staffs- 35
Support
Staffs- 8
General Staffs- 18
Technicians- 7
Workers- 506
BANK
Bank Asia
Limited
Gulshan
Branch,
BRANCH
NIL
FACTORY
Plot No.19,
Road No.12,
Shaympur Kadamtali Industrial Area,
OFFICE AREA
1,500 sq.
ft. (rented)
FACTORY AREA
16,300 sq.
ft (Leased)
WAREHOUSE AREA
2,700 sq. ft
(rented)
DIRECTORS
Mr. M. Nasir
Khan - Chairman & Managing Director
Mr. Nurul
Alam Khan
Mrs. Nazma
Khan
HISTORY
The subject was established in September,1997 by Mr. M.
Nasir Khan and other directors in
BUSINESS
The company engaged in manufacturing and exporting of all kind footwear’s
to overseas countries.
Sandals
Shoes
Boots
PRODUCTION POSITION
Yearly Production Capacity----66,000 pairs
Last year
Production---------66,000 pairs
EXPORT TO
TERMS OF SALES
Against L/C
NAME OF GROUP
NIL
SISTER CONCERN
Fibre
Footwear Limited, Gazipur
MEMBER
Dhaka Chamber of Commerce & Industries,
LEGAL FORM
The subject is a private limited company incorporated with
the Registrar of Joint Stock of Companies,
FINANCIAL
INFORMATION
2006 2005 2004
Capital
Invested Tk.15 million Tk.15
million Tk.15 million
Turnover
Tk.148 million Tk.147.9 million Tk.147.6 million
Liability
Tk.7.2 million Tk.7.5 million Tk.8 million
Fixed Assets
Tk.20 million Tk.20 million Tk.19 million
CAPITAL STRUCTURE
Authorized
Capital Tk.10 million
Paid up
Capital Tk.120,000.00
Each share
value Tk.100.00 each
EXCHANGE RATE
GB
Pound 1.00=Tk.130.9764
US Dollar 1.00=Tk.
69.8000
Japanese
Yen 1.00=Tk. 0.6098
Australian Dollar 1.00=Tk. 53.3891
COMMENTS
Subject is a family owned private limited
company engaged in manufacturing and exporting of all types footwear’s. The
quality of their products are of finest quality and they are well reputed in
overseas footwear’s markets.
Directors are well conversant in their line of
trade. They are financially solvent and good at their business commitment.
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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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%)