MIRA
INFORM REPORT
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Report Date : |
11.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
INTERLINK APPARELS LIMITED |
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Registered Office : |
Plot No.1619-1621, Maleker Bari, Vogra, Joydebpur,
District: Gazipur |
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Country : |
Bangladesh |
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Financials (as on) : |
2007 |
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Date of Incorporation : |
December, 2000 |
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Com. Reg. No.: |
C-42004 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturing and Exporting of Ready-Made Garments.
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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 : |
No Complaints |
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Litigation : |
Clear |
COMPANY DETAILS
Name: Interlink Apparels Limited
Address: Plot
No.1619-1621,
Maleker
Bari,
Vogra,
Joydebpur,
District:
Gazipur,
Country: Bangladesh
Tel No : 880-2-8850261-64
Fax No : 880-2-8850265
E-Mail: apparel@dhaka.com
Established: December,
2000
Incorporation No: C-42004
Incorporation Date: 6th December, 2000
Legal Structure:
The subject is a Private
Limited Company that was
Incorporated in the Registrar of
Joint Stock of
Companies, Dhaka.
Business Type:
Manufacturer &
Exporter
Status: Satisfactory
Payments: No complaints
have been heard regarding payments
from
local suppliers or banks.
Litigation: NIL
LOCATIONS
Head Office: Plot No.1619-1621,
Maleker
Bari,
Vogra,
Joydebpur,
District:
Gazipur,
Tel No: 880-2-8850261-64
Fax No: 880-2-8850265
E-Mail: apparel@dhaka.com
Branch: NIL
Factory: Plot No.1619-1621,
Maleker
Bari,
Vogra,
Joydebpur,
District:
Gazipur,
Warehouse: Plot No.1619-1621,
Maleker
Bari,
Vogra,
Joydebpur,
District:
Gazipur,
DIRECTORS & SHAREHOLDERS
Name: Mr.Imtiaz
Ahmed
Designation: Chairman & Managing
Director
Name: Mr.MRA
Taha
Designation: Director
Name: Mr.Intezar
Ahmed
Designation: Director
Name: Mr.Iftekhar
Ahmed
Designation: Director
BUSINESS DETAILS
Line of Business: Manufacturer
& Exporter
Items Dealing
In: Ready-made Garments
Terms of Sale: Against
L/C
Production Capacity: 130,000
dozens per year
Last Year Production: 130,000
dozens
BANKERS
Name: Bank
Asia Limited
Branch: MCB
Branch
Address: Dilkusha
Commercial Area,
Dhaka
Name: Shahjalal
Islami Bank Limited
Branch: Main
Branch,
Address: Dilkusha
Commercial Area,
Dhaka
The company performs most of the business transactions with the above
mentioned bank. No more details were provided.
FINANCIAL INFORMATION
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2007 |
2006 |
2005 |
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Capital Invested |
Tk.35 million |
Tk.35 million |
Tk.35 million |
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Turnover |
Tk.452 million |
Tk.450 million |
Tk.449.4 million |
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Liability |
Tk.5 million |
Tk.6 million |
Tk.7.5 million |
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Fixed Assets |
Tk.46 million |
Tk.46 million |
Tk.46 million |
CAPITAL STRUCTURE
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Authorized Capital |
: |
Tk.50 million |
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Paid Up Capital |
: |
Tk.500,000.00 |
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Each Share Value |
: |
Tk.100.00 |
EXCHANGE RATE
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CURRENCY |
UNIT |
BANGLADESHI TAKA |
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Great Britain Pound |
1 |
143.7238 |
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U.S Dollar |
1 |
69.4023 |
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European Euro |
1 |
101.3730 |
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Japanese Yen |
1 |
0.6176 |
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Australian Dollar |
1 |
63.2055 |
GENERAL INFORMATION
No. of Employees: 1,210
Executives-------------------4
Junior Executives----------6
Merchandisers------------12
Quality
Control----------- 78
Supervisory
Staffs-------95
Support Staffs-------------10
General
Staffs------------12
Technicians-----------------9
Workers-------------------984
Office Area: 3,000
sq.ft (own)
Factory Area: 45,000
sq.ft (own)
Warehouse Area: 4,000 sq.ft.(rented)
Range of
Products: 1 Shirts
1 Pants
1 Trousers
Major
Clients: 1 George--------U.K
1 H
& S----------U.K
1
Tesco----------U.K
1
Trukex--------U.K
1
BHS-----------U.K
1
Hagger-------U.S.A
Fabrics
& Accessories: 1 Hong Kong
1 China
1 Thailand
1 Local Sources
1 Pakistan
1 India
Name of the Group: Interlink
Group
Subsidiaries: 1 J.B. Garments Limited,
1 Interlink
Accessories Limited,
Member: 1 Bangladesh Garments Manufacturers
& Exporters,
Association, Dhaka
1 Dhaka Chamber of Commerce &
Industries, Dhaka
COMMENTS
The subject is a private limited company who is engaged in
manufacturing and exporting of ready-made garments.
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. |
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%)