MIRA
INFORM REPORT
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Report Date : |
15.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
Samsons Winter Wear Ind. Limited |
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Registered Office : |
Samsons Complex, 728-729, Sastapur, Fatullah, Narayanganj |
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Country : |
Bangladesh |
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Date of Incorporation : |
3rd March, 2004 |
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Com. Reg. No.: |
C-51255 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturing and exporting of all kind of sweaters. |
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
Samsons Winter Wear Ind. Limited
Address
Samsons Complex,
728-729, Sastapur,
Fatullah,
Narayanganj,
Bangladesh.
Telephones : 880-2-7615128,
7615129,
Fax :
880-2-9752574
E-mail :
samwin@bttb.net.bd
SUMMARY
Established :
March, 2004
Incorporation No. :
C-51255
Incorporation Dated :
3rd March, 2004
Managing Director & CEO :
Mr. K. C. Haolader
Employees
636
Executives- 5
Junior Executives- 7
Merchandiser- 8
Quality Control- 20
Supervisory Staffs- 25
Support Staffs- 8
General Staffs- 13
Technicians- 7
Workers- 543
BANKS
United Commercial Bank Limited
Banga Bandhu Road Branch,
Narayanganj,
FACTORY
Samsons Complex,
728-729,Sastapur,
Fatullah,
Narayanganj,
BRANCH
NIL
OFFICE AREA
1,500 Sq. ft.(rented)
FACTORY AREA
18,600 Sq. ft (rented)
WAREHOUSE AREA
2,800 Sq. ft.(rented)
DIRECTORS &
SHAREHOLDERS
Mr. K. C. Haolader - Chairman & Managing Director
Mr. Haolader Bashu Dev
HISTORY
The company was established in March,2004 by Mr.K.C. Haolader and other
director in Dhaka city having its factory at Fatullah, district : Narayanganj.
BUSINESS
The company is engaged in manufacturing and exporting of all kind of
sweaters.
RANGE OF PRODUCTS
Sweaters
Pullovers
Cardigans
Children Sweaters
PRODUCTION POSITION
Yearly production Capacity :
72,000 Dozens
Last year Production :
72,000 Dozens
MAJOR CLIENTS
Gilco-------------UK
Gilco-------------Germany
FABRICS &
ACCESSORIES FROM
China
Hong Kong
Local Sources
India
Pakistan
TERM OF SALES
Against L/C,
NAME OF GROUP
NIL
SISTER CONCERNS
Samsons Knitwears Limited, 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 2004 2003
Capital Invested Tk.22 million Tk.22
million Tk.22 million
Turnover Tk.345
million Tk.344.5
million Tk.344.6 million
Liability Tk.5.6
million Tk. 5.4 million Tk.6.8 million
Fixed Assets Tk.33
million Tk.33 million
Tk.32 million
CAPITAL STRUCTURE
Authorized Capital Tk.20
million
Paid up Capital Tk.100,000.00
Each share value Tk.100.00
each
EXCHANGE RATE
GB Pound 1.00=Tk.138.0118
US Dollar 1.00=Tk.
70.4700
Europe Euro 1.00=Tk.92.7535
Japanese Yen 1.00=Tk. 0.5992
Australian Dollar 1.00=Tk. 55.5718
COMMENTS
Subject is a family owned private limited company engaged in
manufacturing and exporting of all kind of sweaters to overseas countries. The
quality of their products are good and they always get repeat orders form their
overseas clients.
Directors are well acquainted in their line of trade. They are
financially solvent and good at their business commitments.
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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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%)