MIRA INFORM REPORT
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Report Date : |
18.02.2011 |
IDENTIFICATION DETAILS
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Name : |
KAZIPUR FASHION LIMITED |
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Registered Office : |
Civil Engineers Bhaban, 69,Mohakhali commercial Area, |
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Country : |
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Date of Incorporation : |
01.10.1994 |
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Com. Reg. No.: |
C-26757 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
manufacturing
and 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
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Name |
Kazipur Fashion Limited |
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Address |
Jarun,
Konabari (5th Floor |
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Country |
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Telephone No |
880-2-8859840‑2,
9887591‑3 |
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Fax No |
880-2-8613644, 9665409 |
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E-Mail |
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Website |
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Established |
1994 |
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Company Registration No |
C-26757 |
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Registration date |
1st
October 1994 |
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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 |
Manufacturer & Exporter |
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Status |
Satisfactory |
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Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
LOCATIONS
|
Head Office |
Civil
Engineers Bhaban, 69,Mohakhali commercial Area, |
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Telephone No |
880-2-8859840‑2,
9887591‑3 |
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Fax No |
880-2-8613644, 9665409 |
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E-Mail |
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Website |
www.standard-group.com |
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Branch |
53/1, New |
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Factory |
Jarun, Konabari (5th Floor |
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Factory Telephone No |
880-2-9289407,
9289408‑10 |
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Factory Fax No |
NIL |
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Warehouse |
Jarun, Konabari (5th Floor |
DIRECTORS
|
Name |
Engineer Atiqur
Rahman |
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Designation |
Chairman |
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Nationality |
Bangladeshi |
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Name |
Engineer
Mosharraf Hossain |
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Designation |
Managing 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 |
SHAREHOLDERS
|
Name |
Engineer Atiqur
Rahman |
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Share Percent |
40% |
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Nationality |
Bangladeshi |
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Name |
Engineer
Mosharraf Hossain |
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Share Percent |
40% |
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Nationality |
Bangladeshi |
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Name |
Mr. Hasnat
Mosharraf |
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Share Percent |
20% |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
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Line of Business |
Manufacturer & Exporter |
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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 |
Standard
Chartered Bank |
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Branch |
Gulshan Branch |
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Address |
Gulshan, |
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SWIFT |
N/A |
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Name |
Prime Bank
Ltd |
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Branch |
Mohakhali Branch |
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Address |
Mohakhali C/A, |
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SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2009 |
2008 |
2007 |
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Investment |
Tk.42 million |
Tk.40 million |
Tk.40 million |
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Turnover |
Tk.408 million |
Tk.406.7 million |
Tk.406 million |
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Liability |
NIL |
NIL |
NIL |
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Assets |
Tk.46 million |
Tk.45 million |
Tk.45 million |
CAPITAL STRUCTURE
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Authorized
Capital |
Tk.50 million |
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Paid Up Capital |
Tk.200,000.00 |
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Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
|
1 |
114.1851 |
|
U.S Dollar |
1 |
71.1700 |
|
European Euro |
1 |
96.0154 |
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 |
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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 |
2,000 |
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Office Area (Sq.
Ft) |
4,000 sq.ft (own) |
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Factory Area
(Sq. Ft) |
50,000 Sqf (rented) |
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Warehouse Area
(Sq. Ft) |
10,000 sq.ft.(rented) |
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|
4 T-Shirts 4 Polo Shirts 4 Jackets 4 Pants |
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Export
Market |
4 4 4 J.C. Penny, |
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Fabrics &
Accessories |
4 4 4 Local Sources 4 4 4 |
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Certification |
NIL |
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Group Name |
4 Standard Group |
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Subsidiaries /
Affiliates |
4 Amex Limited 4 Chandla Garments Limited 4 Tip Top Fashions Limited 4 Adhunik Poshak Shilpa Ltd 4 Burungi Sportswear Ltd 4 Barura Textile Products Ltd 4 Crazy Fashions
Ltd 4 Civil Dresses Ltd 4 Esleep Clothing Export (BD) Pte Ltd 4 Faheems Fashions Ltd 4 Farias Fashions Ltd 4 Matexport (BD) Ltd 4 Peak Fashions Ltd 4 Standard Garments Industries Ltd 4 Standard Fashions Ltd 4 Tulagaon Fashions Ltd 4 Top Bottom Dresses Ltd 4 The Civil Engineers Ltd 4 Standard Group Ltd 4 Standard Stitches Limited 4 Standard Trading Company Limited |
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Member |
4 4 Dhaka Chamber of Commerce &
Industries, |
COMMENTS
The subject is a private limited company engaged in manufacturing and exporting of ready-made garments to overseas countries. The qualities of their products are good and have good demands among their clients. The subject is a concern of Standard Group.
The directors are all experienced businessmen. They are financially solvent and good at their business commitment, it is reported.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.38 |
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|
1 |
Rs.73.08 |
|
Euro |
1 |
Rs.61.60 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>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 |
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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 |
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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 |
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<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.