MIRA INFORM
REPORT
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Report Date : |
18.01.2011 |
IDENTIFICATION DETAILS
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Name : |
AKH FASHIONS LIMITED |
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Registered Office : |
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Country : |
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Date of Incorporation : |
18.09.2000 |
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Com. Reg. No.: |
C-41204 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
manufacturing and exporting of all types 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
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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
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Name |
AKH Fashions Limited |
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Address |
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Country |
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Telephone No |
880-2-7744001-8, 7741830-31 |
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Fax No |
880-2–
8155640-41 |
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E-Mail |
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Website |
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Established |
September 2000 |
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Company Registration No |
C-41204 |
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Registration date |
18th
September 2000 |
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Legal Status |
Private Limited |
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Issuing Authority |
The Registrar of Joint Stock Companies, |
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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
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Head Office |
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Telephone No |
880-2-7744001-8, 7741830-31 |
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Fax No |
880-2–
8155640-41 |
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E-Mail |
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Website |
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Branch |
NIL |
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Factory |
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Factory Telephone No |
N/A |
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Factory Fax No |
N/A |
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Warehouse |
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DIRECTORS
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Name |
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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 |
Deputy Managing
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 |
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Share Percent |
40% |
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Nationality |
Bangladeshi |
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Name |
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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 |
120,000 dozens
per year |
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Last Year
Production |
120,000 dozens |
BANKERS
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Name |
Prime Bank
Limited |
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Branch |
Mirpur Branch |
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Address |
Mirpur, |
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SWIFT |
N/A |
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Name |
United
Commercial Bank Limited |
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Branch |
Mirpur Branch |
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Address |
Mirpur, |
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SWIFT |
N/A |
FINANCIAL INFORMATION
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Year |
2009 |
2008 |
2007 |
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Investment |
Tk.27 million |
Tk.27 million |
Tk.25 million |
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Turnover |
Tk.218.6 million |
Tk.218 million |
Tk.217 million |
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Liability |
NIL |
NIL |
NIL |
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Assets |
Tk.35 million |
Tk.35 million |
Tk.32 million |
CAPITAL STRUCTURE
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Authorized
Capital |
Tk.20 million |
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Paid Up Capital |
Tk.100,000.00 |
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Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
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|
1 |
112.7066 |
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U.S Dollar |
1 |
71.0500 |
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European Euro |
1 |
95.0365 |
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 |
6,80 |
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Office Area (Sq.
Ft) |
1,300 sq.ft (rented) |
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Factory Area
(Sq. Ft) |
15,200 sq.ft (rented) |
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Warehouse Area
(Sq. Ft) |
2,500 sq.ft.(rented)) |
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4 Shirts 4 Blouses 4 Denims |
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Export
Market |
4 4 4 4 4 4 4 4 4 4 4 |
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Certifications |
NIL |
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Group Name |
4AKH Group |
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Subsidiaries /
Affiliates |
4 AKH
Knit Wear Ltd 4 AKH
Stitch Art Ltd 4 AKH
Cargo Service 4 AKH
Shirts Ltd. (Unit – 01) 4 AKH
Shirts Ltd. (Unit – 02) 4 AKH
Knitting & Dyeing Ltd 4 AKH
Packaging & Accessories Ltd 4 Angshuk
Ltd 4
Creative Shirts Ltd (Joint Venture) 4 Sabah
Trade International Ltd |
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Member |
4 Association, 4 Dhaka Chamber of Commerce &
Industries, |
COMMENTS
The subject is a private limited company who is engaged in
manufacturing and exporting of all types ready-made garments. The qualities of
their products are good and they are well known in overseas garment markets.
The subject is concern of AKH Group.
The directors are well conversant in their line of trade and
they are also experienced businessman. They are financially solvent and good at
their business commitment, it reported.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.59 |
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|
1 |
Rs.72.31 |
|
Euro |
1 |
Rs.60.73 |
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.