MIRA INFORM REPORT
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Report Date : |
06.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
ADHUNIK POSHAK SHILPA LIMITED |
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Registered Office : |
Civil Engineers Bhaban 69, Mohakhali C/A Dhaka 1212 |
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Country : |
Bangladesh |
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Date of Incorporation : |
11.06.1998 |
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Com. Reg. No.: |
C-24256 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer & Exporter of Ready-made Knitwear Garments |
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No. of Employees
: |
1600 Persons |
RATING & COMMENTS
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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$ 27,000.00 |
|
Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Bangladesh |
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
COMPANY DETAILS
|
Name |
Adhunik Poshak
Shilpa Limited |
|
Address |
Civil Engineers Bhaban
69, Mohakhali C/A Dhaka 1212 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-9127421, 8117648 |
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Fax No |
880-2-9000244 |
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E-Mail |
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|
Website |
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Established |
1998 |
|
Company Registration No |
C-24256 |
|
Registration date |
11th June 1998 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Register of Joint Stock Companies & Firms, Dhaka |
|
Business Type |
Manufacturer & Exporter |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
LOCATIONS
|
Head Office |
Civil Engineers
Bhaban 69, Mohakhali C/A Dhaka 1212 |
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Telephone No |
880-2-9127421, 8117648 |
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Fax No |
880-2-9000244 |
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E-Mail |
|
|
Website |
|
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Branch |
NIL |
|
Factory |
Civil Engineers
Tower Industrial Plot-I, Block-E, Ave-1, Section-11, Mirpur, Dhaka |
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Factory Telephone No |
N/A |
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Factory Fax No |
N/A |
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Warehouse |
Civil Engineers
Tower Industrial Plot-I, Block-E, Ave-1, Section-11, Mirpur, Dhaka |
DIRECTORS
|
Name |
Mr. H.T.M. Quader Newaz |
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Designation |
Chairman |
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Nationality |
Bangladeshi |
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Name |
Engr. Mohammad
Atiqur Rahman |
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Designation |
Managing Director |
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Nationality |
Bangladeshi |
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Name |
Engr. A.K.M.
Mosharraf Hussain |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mrs. Mahmuda
Begum |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mrs.
Husna-Ara-Begum |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mrs. Tasmiah
Rahman |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Hasnat
Mosharraf |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Tofazzal Ali |
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Designation |
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr. H.T.M. Quader Newaz |
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Designation |
20% |
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Nationality |
Bangladeshi |
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|
Name |
Engr. Mohammad
Atiqur Rahman |
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Designation |
20% |
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Nationality |
Bangladeshi |
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|
|
Name |
Engr. A.K.M.
Mosharraf Hussain |
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Designation |
10% |
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Nationality |
Bangladeshi |
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|
|
Name |
Mrs. Mahmuda
Begum |
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Designation |
10% |
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Nationality |
Bangladeshi |
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Name |
Mrs.
Husna-Ara-Begum |
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Designation |
10% |
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Nationality |
Bangladeshi |
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Name |
Mrs. Tasmiah
Rahman |
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Designation |
10% |
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Nationality |
Bangladeshi |
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Name |
Mr. Hasnat
Mosharraf |
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Designation |
10% |
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Nationality |
Bangladeshi |
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|
Name |
Mr. Tofazzal Ali |
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Designation |
10% |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturer & Exporter |
|
Items Dealing In |
Ready-made Knitwear Garments |
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Terms of Purchase |
Local: Cash or Credit |
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Terms of Sale |
Export: Against L/C |
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Production
Capacity |
220,000 dozens per year |
|
Last Year
Production |
220,000 dozens |
BANKERS
|
Name |
Prime Bank
Limited |
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Branch |
Mohakhali Branch |
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Address |
Mohakhali, Dhaka
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SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2010 |
2009 |
2008 |
|
Investment |
Tk.40 million |
Tk.38 million |
Tk.38 million |
|
Turnover |
Tk.354.2 million |
Tk.352.6 million |
Tk.352 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.52 million |
Tk.50 million |
Tk.50 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.30 million |
|
Paid Up Capital |
Tk.250, 000.00 |
|
Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
120.1741 |
|
U.S Dollar |
1 |
77.0100 |
|
European Euro |
1 |
103.2165 |
ADVERSE DATA MONITORING
|
Dishonored
Checks |
No Found |
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Debt |
No Records Found |
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Litigation |
No Records Found |
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Performance
Defaults |
No Records Found |
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Adverse Press
Coverage |
No Records Found |
|
Money Laundering |
No Records Found |
MAXIMUM RECOMMENDED CREDIT
|
Amount |
Based On |
|
US$ 27,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
1,600 |
|
Office Area (Sq.
Ft) |
2, 200 sq,ft (rented) |
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Factory Area
(Sq. Ft) |
48,000 sq.ft (rented) |
|
Warehouse Area
(Sq. Ft) |
7,000 sq.ft (rented) |
|
Range of
Products |
4 Shirts 4 Jackets 4 Overalls |
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Export Market |
4 Wal-Mart-USA 4 K-Mart-USA 4 J.C. Penny-USA 4 Source-USA |
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Certifications |
NIL |
|
Group Name |
4 Standard Group |
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Subsidiaries /
Affiliates |
4 Burungi Sportswear Ltd 4 Barura Textile Products Ltd 4 Crazy Fashion Ltd 4 Standard Fashions Ltd 4 Amex Ltd 4 Peak Fashion Ltd 4 Standard Garments Industries Ltd 4 Standard Group ltd 4 The Civil Engineers Ltd 4 Tip Top Fashion Ltd 4 Civil Dress Ltd 4 Faheem’s Fashion Ltd 4 Top Bottom Dress Ltd 4 Wear Mag Ltd |
|
Member |
4 Dhaka Chamber of Commerce &
Industries, Dhaka 4 Bangladesh
Garments Manufacturers & Exporters Association, Dhaka |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.40 |
|
UK Pound |
1 |
Rs.80.20 |
|
Euro |
1 |
Rs.68.92 |
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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.