MIRA INFORM REPORT
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Report Date : |
15.01.2011 |
IDENTIFICATION DETAILS
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Name : |
RADIAL INTERNATIONAL LTD |
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Registered Office : |
House No. 521, Road No. 10, DOHS Baridhara, Dhaka-1213 |
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Country : |
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Date of Incorporation : |
27.03.1991 |
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Com. Reg. No.: |
C-34178 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturing & Exporting of Ready-made Sweaters |
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$ 28,000.00 |
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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 |
Radial International Ltd |
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Address |
Unit-2, Zirani Bazar, Kashimpur, Joydevpur, Gazipur |
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Country |
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Telephone No |
880-2- 8829371, 8812093,
8814696, 9880483, 8816113 |
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Fax No |
880-2- 9884546 |
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E-Mail |
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Website |
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Established |
1991 |
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Company Registration No |
C-34178 |
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Registration date |
27th
March 1991 |
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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 |
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Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
LOCATIONS
|
Head Office |
House No.
521, Road No. 10, DOHS Baridhara, Dhaka-1213 |
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Telephone No |
880-2- 8829371,
8812093, 8814696, 9880483, 8816113 |
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Fax No |
880-2- 9884546 |
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E-Mail |
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Website |
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Branch |
NIL |
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Factory |
Unit-2, Zirani Bazar, Kashimpur, Joydevpur, Gazipur |
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Factory Telephone No |
NIL |
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Factory Fax No |
NIL |
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Warehouse |
Unit-2, Zirani Bazar, Kashimpur, Joydevpur, Gazipur |
DIRECTORS
|
Name |
Mrs. Kamrun Nahar Doly |
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Designation |
Chairman |
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Nationality |
Bangladeshi |
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Name |
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Designation |
Managing
Director |
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Nationality |
Bangladeshi |
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Name |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Breg. Gen ABM Elias(Retd) |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
A.S.M. Shaykhul Islam (FCMA) |
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Designation |
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mrs. Kamrun Nahar Doly |
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Share Percent |
30% |
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Nationality |
Bangladeshi |
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Name |
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Share Percent |
30% |
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Nationality |
Bangladeshi |
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Name |
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Share Percent |
20% |
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Nationality |
Bangladeshi |
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Name |
Breg. Gen ABM Elias(Retd) |
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Share Percent |
10% |
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Nationality |
Bangladeshi |
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Name |
A.S.M. Shaykhul Islam (FCMA) |
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Share Percent |
10% |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
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Line of Business |
Manufacturing
& Exporting |
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Items Dealing In |
Ready-made Sweaters |
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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 |
11,520,000
Pieces per year |
|
Last Year
Production |
11, 520,000
Pieces |
BANKERS
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Name |
Janata Bank Limited |
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Branch |
Motijheel Branch |
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Address |
Motijheel Commercial Area, |
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SWIFT |
N/A |
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Name |
Standard Bank
Limited |
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Branch |
Banani Branch |
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Address |
Banani, |
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SWIFT |
N/A |
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Name |
Premier Bank
Limited |
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Branch |
Banani Branch |
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Address |
Banani, |
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SWIFT |
N/A |
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Name |
IFIC Bank
Limited |
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Branch |
Banani Branch |
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Address |
Banani, |
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SWIFT |
N/A |
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Name |
Mercantile Bank Limited |
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Branch |
Banani Branch |
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Address |
Banani, |
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SWIFT |
N/A |
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Name |
One Bank Limited |
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Branch |
Gazipur Branch |
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Address |
Gazipur |
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SWIFT |
N/A |
FINANCIAL INFORMATION
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Year |
2009 |
2008 |
2007 |
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Investment |
Tk.35 million |
Tk.35 million |
Tk.32 million |
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Turnover |
Tk.373.6 million |
Tk.373 million |
Tk.372.7 million |
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Liability |
NIL |
NIL |
NIL |
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Assets |
Tk.45 million |
Tk.45 million |
Tk.40 million |
CAPITAL STRUCTURE
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Authorized
Capital |
Tk.30 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 |
111.9315 |
|
U.S Dollar |
1 |
71.0000 |
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European Euro |
1 |
93.2656 |
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$ 28,000.00 |
90 Days |
GENERAL INFORMATION
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Employees |
2,000 |
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Office Area (Sq.
Ft) |
1,500 sq.ft (rented) |
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Factory Area
(Sq. Ft) |
35,000 sq.ft (own) |
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Warehouse Area
(Sq. Ft) |
5,000 sq.ft.(own) |
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|
4 Basic T-Shirts 4 Tank Tops 4 Polo Shirts 4 Sweat
Shirts 4 Shorts |
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Export Market |
4 G. 4 4 Karl
Rieker GmbH, 4
Girolstein 4 Blues 4 Franket
Schute 4 LA 4 OY
Texet 4 Norwest
Industries Ltd, 4
Poeticgem, Metaln , 4 4 New
Wave Sportswear SA, 4 Gruppo
Coin SPA, |
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Fabrics &
Accessories |
4 4 4 Local Sources |
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Certifications |
NIL |
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Group Name |
4 Radiance Group |
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Subsidiaries /
Affiliates |
4 Radial
International Ltd (Unit-1) 4
Radiance Fashion Ltd 4 Sirajgonj
Check Industries Ltd 4 Simanta
Textile Ltd 4
Radiance Computer Ltd 4 Suchi
Fashion Ltd 4 Array
International Ltd 4 D.S.
Fashion Ltd 4 Cherry
Knit Wear Ltd 4 Salman
Spinning Mills Ltd 4
Radiance Entertainment Ltd |
|
Member |
4 Dhaka Chamber of Commerce &
Industries, 4 |
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 demand among their clients.
The directors are well conversant in their line of trade and
they are also experienced businessman.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.30 |
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|
1 |
Rs.71.73 |
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Euro |
1 |
Rs.60.40 |
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 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.