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MIRA INFORM REPORT
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Report Date : |
07.12.2011 |
IDENTIFICATION DETAILS
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Name : |
KENPARK BANGLADESH APPAREL (PVT.) LIMITED |
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Registered Office : |
Plot No.69-85 Karnaphuli Exports Processing Zone,
Chittagong-4223 |
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Country : |
Bangladesh |
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Date of Incorporation : |
15.09.2005 |
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Com. Reg. No.: |
CH-5590 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer & Exporter of Ready-Made Garments |
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No. of Employees
: |
700 Persons |
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 |
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Maximum Credit Limit : |
US$ 50,000.00 |
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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 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
COMPANY DETAILS
|
Name |
Kenpark
Bangladesh Apparel (Pvt.) Limited |
|
Address |
Plot No.69-85
Karnaphuli Exports Processing Zone, Chittagong-4223 |
|
Country |
Bangladesh |
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Telephone No |
880-31-742163,
742002-3 |
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Fax No |
880-31-741573, 740123 |
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E-Mail |
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|
Website |
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Established |
2005 |
|
Commercial Production From |
2007 |
|
Company Registration No |
CH-5590 |
|
Registration date |
15th September 2005 |
|
Legal Status |
Private Limited Company |
|
Issuing Authority |
The Registrar of Joint Stock of 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 |
Plot No.69-85
Karnaphuli Exports Processing Zone, Chittagong-4223 |
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Telephone No |
880-31-742163,
742002-3 |
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Fax No |
880-31-741573,
740123 |
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E-Mail |
|
|
Website |
|
|
Branch |
NIL |
|
Factory |
Plot No.69-85 Karnaphuli
Exports Processing Zone, Chittagong-4223 |
|
Factory Telephone No |
N/A |
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Factory Fax No |
N/A |
|
Warehouse |
Plot No.69-85
Karnaphuli Exports Processing Zone, Chittagong-4223 |
DIRECTORS
|
Name |
Mr. Lal
Hirdaramani |
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Designation |
Chairman |
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Nationality |
Sri Lankan |
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|
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Name |
Mr. Janak
Hirdaramani |
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Designation |
Managing Director |
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Nationality |
Sri Lankan |
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|
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|
Name |
Mr. Anil
Hirdaramani |
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Designation |
Director |
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Nationality |
Sri Lankan |
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|
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Name |
Mr. Kishore
Hirdaramani |
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Designation |
Director |
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Nationality |
Sri Lankan |
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|
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Name |
Mr. Aroon
Hirdaramani |
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Designation |
Director |
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Nationality |
Sri Lankan |
SHAREHOLDERS
|
Name |
Mr. Lal
Hirdaramani |
|
Share Percent |
30% |
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Nationality |
Sri Lankan |
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|
|
|
Name |
Mr. Janak
Hirdaramani |
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Share Percent |
25% |
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Nationality |
Sri Lankan |
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|
|
|
Name |
Mr. Anil
Hirdaramani |
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Share Percent |
15% |
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Nationality |
Sri Lankan |
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|
|
|
Name |
Mr. Kishore
Hirdaramani |
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Share Percent |
15% |
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Nationality |
Sri Lankan |
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|
|
|
Name |
Mr. Aroon
Hirdaramani |
|
Share Percent |
15% |
|
Nationality |
Sri Lankan |
BUSINESS DETAILS
|
Line of Business |
Manufacturer & Exporter |
|
Items Dealing In |
Ready-Made
Garments |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Export: Against L/C |
|
Production
Capacity |
180,000 dozens per year |
|
Last Year
Production |
180,000 dozens |
BANKERS
|
Name |
Hong Kong Shanghai Banking Corporation |
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Branch |
Agrabad Branch |
|
Address |
Agrabad Commercial Area, Chittagong |
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SWIFT |
N/A |
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|
|
|
Name |
Commercial Bank of Ceylon Plc |
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Branch |
Agrabad Branch |
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Address |
Agrabad Commercial Area, Chittagong |
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SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2010 |
2009 |
2008 |
|
Investment |
Tk.35 million |
Tk.33 million |
Tk.33 million |
|
Turnover |
Tk.433 million |
Tk.430.7 million |
Tk.430 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.52 million |
Tk.50 million |
Tk.50 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.60 million |
|
Paid Up Capital |
Tk.600,000.00 |
|
Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
121.2584 |
|
U.S Dollar |
1 |
78.0000 |
|
European Euro |
1 |
104.5526 |
ADVERSE DATA MONITORING
|
Dishonored
Checks |
No Found |
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Debt |
No Records Found |
|
Litigation |
No Records Found |
|
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$ 50,000.00 |
90 days |
GENERAL INFORMATION
|
Employees |
700 |
|
Office Area (Sq.
Ft) |
2,500 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
35,000 Sq.ft (rented) |
|
Warehouse Area
(Sq. Ft) |
5,500 Sq.ft (rented) |
|
Range of
Products |
4 Pants 4 Jackets 4 Shirts |
|
Export Market |
4 Judge-USA 4 K-Mart-USA 4 Wal-Mart-USA |
|
Certifications |
4 WRAP |
|
Group Name |
4 Hirdaramani Group of Companies |
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Subsidiaries /
Affiliates |
4 Hirdaramani International Export (Pvt.) Ltd 4 Hirdaramani Industries Limited 4 Hirdaramani Garments Limited 4 Ceylon Knit Trend Limited 4 Hirdaramani Mercury Apparel (Pvt.) Ltd 4 Kenpark Bangladesh (Pvt.) Ltd. 4 Regency Garments Ltd. 4 Fashion Garments Ltd. 4 Vivanta by Taj Bentota 4 Taj Airport Garden 4 Hilton Colombo Residence 4 Banyan Lanka 4 H-One (Pvt) Ltd. 4 The Long Island Clothing Company 4 First Guardian Equities 4 Zenith Insurance Brokers (Pvt.) Ltd |
|
Member |
4 Bangladesh
Garments Manufacturers & Exporters Association Chittagong 4 Chittagong Chamber of Commerce & Industries, Chittagong |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.39 |
|
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.