MIRA INFORM
REPORT
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Report Date : |
18.02.2011 |
IDENTIFICATION DETAILS
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Name : |
PARAMOUNT TEXTILE LIMITED |
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Registered Office : |
Gillarchala, Sreepur,
Gazipur |
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Country : |
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Date of Incorporation : |
12.06.2005 |
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Com. Reg. No.: |
C - 62154 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer & Exporter of Yarn Dyed Woven
Fabrics |
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 |
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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 |
Paramount Textile Limited |
|
Address |
Gillarchala, Sreepur,
Gazipur Note: The subject operates from this address. |
|
Country |
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Telephone No |
880-2-9890618,9890467 |
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Fax No |
880-2-9890783 |
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E-Mail |
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Website |
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Established |
12th
June 2006 |
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Commercial Production From |
November 2008 |
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Company Registration No |
C-62154 |
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Registration date |
20th
June 2006 |
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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 |
Chaklader
House (Level V &VI), House No.22,
Road No.113/A, |
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Telephone No |
880-2-9890618,9890467 |
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Fax No |
880-2-9890783 |
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E-Mail |
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Website |
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Branch |
NIL |
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Factory |
Gillarchala, Sreepur,
Gazipur |
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Factory Telephone No |
880-6825 52555 |
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Factory Fax No |
880-6825 52555 |
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Warehouse |
Gillarchala, Sreepur,
Gazipur |
DIRECTORS
|
Name |
Mr. Shakhawat Hossain |
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Designation |
Chairman &
Managing Director |
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Nationality |
Bangladeshi |
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|
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Name |
Mr. Atahar Ali
khan |
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Designation |
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr. Shakhawat Hossain |
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Share Percent |
Chairman &
Managing Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Atahar Ali khan
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Share Percent |
Director |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturer & Exporter |
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Items Dealing In |
Yarn Dyed Woven
Fabrics |
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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 |
15 million yards per year |
BANKERS
|
Name |
Prime Bank
Limited |
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Branch |
Gulshan Branch |
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Address |
Gulshan, |
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SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2009 |
2008 |
2007 |
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Investment |
Tk.32 million |
Tk.32 |
N/A |
|
Turnover |
Tk.354 million |
One year not completed |
N/A |
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Liability |
Tk.5 million |
Tk.6 million |
N/A |
|
Assets |
Tk.40 million |
Tk.40 million |
N/A |
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) |
|
|
1 |
114.1851 |
|
U.S Dollar |
1 |
71.1700 |
|
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
|
Employees |
2,500 |
|
Office Area (Sq.
Ft) |
2,500 sq.ft (rented) |
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Factory Area
(Sq. Ft) |
50,000 Sq.ft (rented) |
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Warehouse Area
(Sq. Ft) |
10,000 sq.ft.(rented) |
|
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4 Cotton Yarn Dyed Woven Fabrics 4 Cotton Solid White Fabrics 4 PFD/RFD Woven Fabrics 4 Dyed Yarn 4 Sweater Yarns |
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Export
Market |
4 ZARA 4 H &
M 4 SEIDEN
STICKER 4 NEXT 4 C &
A 4 LINDEX 4 ESPRIT 4 GEORGE 4 TEMA |
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Certification |
4 OEKO-Tex Certified |
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Group Name |
NIL |
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Subsidiaries
/ Affiliates |
4 Paramount
Insurance Ltd 4 Foodex International Ltd |
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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 yarn
dyed woven fabrics & other fabrics to overseas countries.
The Chairman
of the company Mr. Shawkat Hossain is the Honorable Counsel of Bangladesh in
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 |
|
|
1 |
Rs.73.08 |
|
Euro |
1 |
Rs.61.60 |
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 |
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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 |
|
<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.