MIRA INFORM
REPORT
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Report Date : |
17.02.2011 |
IDENTIFICATION DETAILS
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Name : |
OUTPACE SPINNING MILLS LIMITED |
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Registered Office : |
Kewa, Mawna Chowrasta, Sreepur, Gazipur |
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Country : |
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Date of Incorporation : |
25.02.2009 |
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Com. Reg. No.: |
C - 57372 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer & Seller of Yarns |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Company |
---- |
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Maximum Credit Limit : |
US$ 25,000.00 |
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Status : |
New Company |
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Payment
Behaviour : |
Unknown |
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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
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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 |
Outpace Spinning Mills Limited |
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Address |
Kewa,
Mawna Chowrasta, Sreepur, Gazipur |
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Country |
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Telephone No |
880-2-98868841-4 |
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Fax No |
880-2-9881560, 8810188 |
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E-Mail |
info@outpacebd.com,office@outpacebd.com, marketing@outpacebd.com |
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Website |
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Established |
2009 |
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Company Registration No |
C-57372 |
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Registration date |
25th
February 2009 |
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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 & Seller |
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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
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Head Office |
House
No.44, Road No.06, Block-C, Banani, Dhaka-1213 |
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Telephone No |
880-2-98868841-4 |
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Fax No |
880-2-9881560, 8810188 |
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E-Mail |
info@outpacebd.com,office@outpacebd.com, marketing@outpacebd.com |
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Website |
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Branch |
NIL |
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Factory |
Kewa, Mawna Chowrasta, Sreepur, Gazipur |
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Factory Telephone No |
NIL |
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Factory Fax No |
NIL |
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Warehouse |
Kewa, Mawna Chowrasta, Sreepur, Gazipur |
DIRECTORS
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Name |
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Designation |
Chairman |
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Nationality |
Bangladeshi |
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Name |
Engr. Razeeb
Haider |
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Designation |
Managing
Director |
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Nationality |
Bangladeshi |
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Name |
Engr. Al
Mamun |
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Designation |
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
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Name |
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Share Percent |
40% |
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Nationality |
Bangladeshi |
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Name |
Engr. Razeeb Haider |
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Share Percent |
40% |
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Nationality |
Bangladeshi |
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Name |
Engr. Al
Mamun |
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Share Percent |
20% |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
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Line of Business |
Manufacturer & Seller |
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Items Dealing In |
Yarns |
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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 |
BANKERS
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Name |
EXIM Bank
Limited |
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Branch |
Banani Branch |
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Address |
Banani, |
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SWIFT |
N/A |
FINANCIAL INFORMATION
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Year |
2009 |
2008 |
2007 |
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Investment |
Tk.30 million |
N/A |
N/A |
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Turnover |
One year not completed |
N/A |
N/A |
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Liability |
Tk.5 million |
N/A |
N/A |
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Assets |
Tk.40 million |
N/A |
N/A |
CAPITAL
STRUCTURE
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Authorized
Capital |
Tk.30 million |
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Paid Up Capital |
Tk.250,000.00 |
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Each Share Value |
Tk.100.00 |
EXCHANGE RATE
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Currency |
Unit |
Bangladeshi Taka (BDT) |
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1 |
114.1851 |
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U.S Dollar |
1 |
71.1700 |
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European Euro |
1 |
96.0154 |
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 |
1,200 |
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Office Area (Sq.
Ft) |
2,000 sq.ft (rented) |
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Factory Area
(Sq. Ft) |
32,000 Sq.ft (rented) |
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Warehouse Area
(Sq. Ft) |
8,000 sq.ft.(rented) |
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4 Cotton Combed 4 Carded Yarn |
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Major
Clients |
4 Local 100% Export Oriented
Garments Industries |
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Machineries
From |
4 4 4 4 |
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Certification |
NIL |
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Group Name |
NIL |
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Subsidiaries /
Affiliates |
4 Outright Fashion Ltd |
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Member |
4 Dhaka Chamber of Commerce &
Industries, |
COMMENTS
The subject is
a private limited company engaged in manufacturing and selling 100% cotton
combed & carded yarn.
The directors are all experienced businessmen. They
are financially solvent and good at their business commitment, it is reported.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.45 |
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|
1 |
Rs.72.90 |
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Euro |
1 |
Rs.61.43 |
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 |
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---- |
NB |
New Company |
---- |
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.