MIRA INFORM REPORT
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Report Date : |
21.02.2011 |
IDENTIFICATION DETAILS
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Name : |
ANGEL COMPOSITE KNITTING IND. LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
28.04.1999 |
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Com. Reg. No.: |
C-46241 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Manufacturing & Exporting of Ready-made Garments |
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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Maximum Credit Limit : |
US$ 25,000.00 |
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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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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|
b1 |
b1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
COMPANY DETAILS
|
Name |
Angel Composite Knitting Ind. Ltd |
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Address |
Gazipur
Sadar, Gazipur |
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Country |
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Telephone No |
880-2-9571585,9569760 |
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Fax No |
880-2-9561973 |
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E-Mail |
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Website |
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Established |
1999 |
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Company Registration No |
C-46241 |
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Registration date |
28th
April 1999 |
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Legal Status |
Private Limited |
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Issuing Authority |
The Registrar of Joint Stock Companies & Firms, |
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Business Type |
Manufacturing
& Exporting |
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Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
LOCATIONS
|
Head Office |
|
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Telephone No |
880-2-9571585,9569760 |
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Fax No |
880-2-9561973 |
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E-Mail |
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Website |
www.angeltex.com |
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Branch |
NIL |
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Factory |
Gazipur
Sadar, Gazipur |
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Factory Telephone No |
880-2-9814542,9802103 |
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Factory Fax No |
NIL |
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Warehouse |
Gazipur Sadar,
Gazipur |
DIRECTORS
|
Name |
Mr. Mohammad
Giasuddin Murad |
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Designation |
Chairman & Managing Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Ahmed
Hossain |
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Designation |
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr. Mohammad
Giasuddin Murad |
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Share Percent |
60% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Ahmed
Hossain |
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Share Percent |
40% |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturing
& Exporting |
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Items Dealing In |
Ready-made Garments |
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Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
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Terms of |
Export: Against L/C |
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Production
Capacity |
150,000 dozens per year |
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Last Year
Production |
150,000 dozens |
BANKERS
|
Name |
National Bank
Limited |
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Branch |
Motijheel Branch |
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Address |
Motijheel C/A, |
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SWIFT |
N/A |
FINANCIAL INFORMATION
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Year |
2009 |
2008 |
2007 |
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Investment |
Tk.32 million |
Tk.30 million |
Tk.30 million |
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Turnover |
Tk.308 million |
Tk.306.7 million |
Tk.306 million |
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Liability |
NIL |
NIL |
NIL |
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Assets |
Tk.36 million |
Tk.35 million |
Tk.35 million |
CAPITAL STRUCTURE
|
Authorized Capital |
Tk.20 million |
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Paid Up Capital |
Tk.250,000.00 |
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Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
|
1 |
115.6533 |
|
U.S Dollar |
1 |
71.1800 |
|
European Euro |
1 |
97.5237 |
ADVERSE DATA MONITORING
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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 |
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Money Laundering |
No Records Found |
MAXIMUM RECOMMENDED CREDIT
|
Amount |
Based On |
|
US$ 25,000.00 |
90 Days |
GENERAL INFORMATION
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Employees |
500 |
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Office Area (Sq.
Ft) |
2,200 sq.ft (rented) |
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Factory Area
(Sq. Ft) |
40,500 sq.ft (rented) |
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Warehouse Area
(Sq. Ft) |
12,000 sq.ft.(rented) |
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|
4 Polo Shirts 4 T-Shirts 4 Tank Tops |
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Export
Market |
4 4 4 EU
Countries |
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Certifications |
NIL |
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Group Name |
NIL |
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Subsidiaries /
Affiliates |
4 NIL |
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Member |
4 Dhaka Chamber of Commerce &
Industries, 4
(BGMEA), |
COMMENTS
The subject is a private limited company engaged in
manufacturing and exporting of readymade garments such as Polo Shirts,
T-Shirts, Tank Tops to overseas countries.
The directors are well conversant in their line of trade and
they are also experienced businessman. They are reported to be financially
solvent and fair in their trade terms.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.18 |
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|
1 |
Rs.73.04 |
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Euro |
1 |
Rs.61.43 |
RATING EXPLANATIONS
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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 |
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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 |
|
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 |
|
26-40 |
B |
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 |
|
<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.