MIRA INFORM REPORT
|
Report Date : |
07.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
EVINCE GROUP |
|
|
|
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Registered Office : |
Plot No.33, Section-7, Mirpur, Dhaka-1216 |
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Country : |
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Year of Establishment : |
1983 |
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Com. Reg. No.: |
Not Available |
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Legal Form : |
Group Company |
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Line of Business : |
Manufacturing, Exporting
& Selling of ready-made garments, textiles & garments accessories. |
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 |
|
Maximum Credit Limit : |
US$ 35,000.00 |
|
|
|
|
Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
COMPANY DETAILS
|
Name |
Evince Group |
|
Address |
Plot No.33, Section-7, Mirpur, Dhaka-1216 |
|
Country |
|
|
Telephone No |
880-2-8011227,
9004405 |
|
Fax No |
880-2-8013504 |
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E-Mail |
|
|
Website |
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|
Established |
1983 |
|
Company Registration No |
N/A |
|
Registration date |
N/A |
|
Legal Status |
The subject is a Group Company, all unit of the subject is Private
Limited Company |
|
Issuing Authority |
The Registrar of joint Stock Companies, |
|
Business Type |
Manufacturer, Exporter & Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
LOCATIONS
|
Head Office |
Plot No.33, Section-7, Mirpur, Dhaka-1216 |
|
Telephone No |
880-2-8011227,
9004405 |
|
Fax No |
880-2-8013504 |
|
E-Mail |
|
|
Website |
|
|
Sales Office |
Lotus Kamal Tower (1st Floor), 57 Joar Shahara C/A,
Nikunja-2, New |
|
Factory |
Plot No.33, Section-7, Mirpur, Dhaka-1216 |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
Plot No.33, Section-7, Mirpur, Dhaka-1216 |
DIRECTORS
|
Name |
Mr. Anwarul Alam
Chowdhury |
|
Designation |
Chairman & Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Ashraf
Hossain Mridha |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Badrul Alam
Chowdhury |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Kawser
Majumder |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr. Anwarul Alam
Chowdhury |
|
Share Percent |
40% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Ashraf
Hossain Mridha |
|
Share Percent |
20% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Badrul Alam
Chowdhury |
|
Share Percent |
20% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Kawser
Majumder |
|
Share Percent |
20% |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturer, Exporter & Seller
|
|
Items Dealing In |
Readymade
Garments, Textiles, Accessories |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of |
Local: Cash or credit Export: Against L/C |
BANKERS
|
Name |
United
Commercial Bank Ltd |
|
Branch |
Main Branch |
|
Address |
Motijheel Commercial Area, |
|
SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2009 |
2008 |
2007 |
|
Investment |
Tk.6.5 billion |
Tk.5 billion |
Tk.5 billion |
|
Turnover |
Tk.60 billion |
Tk.57 billion |
Tk.56 billion |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.10 billion |
Tk.8 billion |
Tk.8 billion |
CAPITAL STRUCTURE
|
Authorized
Capital |
N/A |
|
Paid Up Capital |
N/A |
|
Each Share Value |
N/A |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
|
1 |
117.4280 |
|
U.S Dollar |
1 |
72.8100 |
|
European Euro |
1 |
103.5358 |
ADVERSE DATA MONITORING
|
Dishonored
Checks |
No Found |
|
Debt |
No Records Found |
|
Litigation |
No Records Found |
|
Performance
Defaults |
No Records Found |
|
Adverse Press
Coverage |
No Records Found |
|
Money Laundering |
No Records Found |
MAXIMUM RECOMMENDED CREDIT
|
Amount |
Based On |
|
US$ 35,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
5,000 |
|
Office Area (Sq.
Ft) |
1,550 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
68,000 sq.ft (rented) |
|
Warehouse Area
(Sq. Ft) |
10,000 sq.ft.(rented) |
|
|
4 Woven
Shirts 4
Trousers 4 Jackets
4 Button 4 Labels 4 Dyed Yarn 4 Loom 4 Sizing 4 Warping |
|
Export Market |
4 4 K-Marts, 4 Wrangler, 4 Chaps, 4 Matalon, 4 Tessco, 4 NKD, 4 Charles-Voogle, |
|
Certification |
NIL |
|
Group Name |
NIL |
|
Group Companies |
4 Evince
Textile Limited 4 Argon
Denims Limited 4 Evitex
Ploycot Ltd 4 Evince
Suise Ltd 4 Evince
Garments Ltd 4 Evince
Ltd 4 Evince
Dress Shirts Ltd 4 Evince
Ladies Wear Ltd 4 Evince
Apparels Ltd 4 Evince
Fashion Ltd 4 Evince
Buttons Industries Ltd 4 Evince
Computerized Labels Ltd 4 Etafil
Bangladesh Ltd 4 Design
Studio |
|
Member |
4 4 Dhaka Chamber of Commerce &
Industries, |
COMMENTS
The subject is a group company engaged in manufacturing, exporting & selling of ready-made
garments, textiles & garments accessories. The subject is a
renowned business house of
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.22 |
|
|
1 |
Rs.72.25 |
|
Euro |
1 |
Rs.63.09 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.