MIRA
INFORM REPORT
|
Report Date : |
03.03.2008 |
IDENTIFICATION
DETAILS
|
Name : |
ALANA GROUP |
|
|
|
|
Registered Office : |
M-2, Mirpur-14, Dhaka |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Financials (as on) : |
2007 |
|
|
|
|
Date of Incorporation : |
February, 1990 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacturers and Exporters of Ready-Made Garments |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
COMPANY DETAILS
Name: Alana Group
Address: M-2,
Mirpur-14,
Dhaka
Country: Bangladesh
Tel. No. : 880-2-8832506,
8811319,
Fax No. : 880-2-8826113,
E-Mail: alana@citechco.net
Established: February,
1990
Incorporation No : N/A
Incorporation Date: N/A
Legal Structure:
The members of the group
private limited company
incorporated With the Registrar of
Joint Stock
Companies,
Dhaka,
Business Type:
Manufacturers and Exporters
Status: Satisfactory
Payments: No complaints
have been heard regarding payments
from local suppliers or banks.
Litigation: NIL
LOCATIONS
Head Office: House No.B/141,
Lane-22,
New
DOHS,
Mohakhali,
Dhaka-1212,
Tel. No. : 880-2-8832506, 8811319,
Fax No. : 880-2-8826113,
E-Mail: alana@citechco.net
Branch: NIL
Factory: M-2,
Mirpur-14,
Dhaka
SHAREHOLDER’S AND DIRECTORS
Name: Col.
(rtd) Anowarul Azim
Designation: Chairman
Name: Mr.A.B.M.Fazlul
Karim
Designation: Managing
Director
Name: Mr.Shafiqur
Rahman
Designation: Director
Name: Mrs.Samira
Azim
Designation: Director
Name: Mr.Monsurul
Azim
Designation: Director
BUSINESS DETAILS
Line of Business: Manufacturers
and Exporters
Items Dealing
In: Ready-Made Garments
Terms of Sale: 1 Against
L/C,
BANKERS
Name: Exim
Bank Limited
Branch: Local
Office Branch
Address: Motijheel
Commercial Area,
Dhaka
Name: Islami Bank (Bangladesh)
Limited
Branch: Main
Branch,
Address: Motijheel
Commercial Area,
Dhaka
FINANCIAL INFORMATION
|
|
2007 |
2006 |
2005 |
|
Capital Investment |
Tk.180 million |
Tk.180 million |
Tk.180 million |
|
Turnover |
Tk.765 million |
Tk.763 million |
Tk.762.6 million |
|
Liability |
Tk.25 million |
Tk.27 million |
Tk.25 million |
|
Fixed Assets |
Tk.250 million |
Tk.250 million |
Tk.250 million |
CAPITAL STRUCTURE
|
Authorized Capital |
: |
N/A |
|
Paid Up Capital |
: |
N/A |
|
Each Share Value |
: |
N/A |
EXCHANGE RATE
|
CURRENCY |
UNIT |
BANGLADESHI TAKA |
|
GB Pound |
1 |
143.7238 |
|
U.S Dollar |
1 |
69.4023 |
|
European Euro |
1 |
101.3730 |
|
Japanese Yen |
1 |
0.6176 |
|
Australian Dollar |
1 |
63.2055 |
GENERAL INFORMATION
No. of Employees: 7892
Executives--------------------22
Junior Executives-----------55
Merchandisers---------------70
Quality Control----------- --135
Supervisory Staffs--------- 194
Support
Staffs----------------65
General Staffs----------------78
Technicians-------------------26
Workers--------------------7,247
Range of Products: 1 Jackets
1 Shirts
1 Blouses
1 Sweaters
1 Pants
Office Area: 4,800 sq.ft
(rented)
Factory Area: 1 acre of lands
(rented)
Warehouse Area: 10,500 sq.ft. (Rented)
Main
Clients: 1 Wal-Mart------USA
1 Target--------USA
1 H & M--------Sweden
1 Judge--------USA
Fabrics & Accessories: 1 Hong Kong
1 China
1 Thailand
1 Local Sources
1 Pakistan
Group Companies: 1 Alana Garments Limited,
1 Alana International Limited,
1 Bentech Limited,
1 Civic Fashion Limited,
1 Unique Fashion Limited,
1 Tass Garments Limited,
1 A.B.M.Fashion Limited,
1 Unique Apparels Limited,
1 Tidy Fashions Limited,
Members : 1 Bangladesh Garments Manufacturers & Exporters
Association, Dhaka
1 Dhaka Chamber of Commerce &
Industries, Dhaka
COMMENTS
The subject is a group of companies engaged in manufacturing
and exporting of ready-made garments to overseas countries. The qualities of
their products are good and their overseas clients.
The directors are well conversant in their line of trade and
they are also experienced businessman. They are financially solvent and good at
his business commitments, it is reported.
The company is good for normal business engagements.
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)