MIRA INFORM
REPORT
|
Report Date : |
28.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
Plastic Accessories LIMITED |
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Registered Office : |
Bahadurpur, Jangaliapara Khawliti, Jodevpur, Gazipur |
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Country : |
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Year of Establishment : |
2006 |
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Com. Reg. No.: |
C – 59666 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer and Seller of Garment
Accessories. |
RATING & COMMENTS
|
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 : |
USD 25000 |
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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) |
|
|
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
COMPANY DETAILS
|
Name |
Plastic Accessories Limited |
|
Address |
Jangaliapara (Banglabazar),
Bhoui, Mirzapur, Kaultia, Joydevpur, Gazipur |
|
Country |
|
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Telephone No |
880-2-
9201153-55 |
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Fax
No |
880-2- 9201156 |
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E-Mail |
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|
Website |
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Established |
2006 |
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Company Registration No |
C-59666 |
|
Registration date |
8th
March 2006 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of joint Stock Companies, |
|
Business Type |
Manufacturer & Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
LOCATIONS
|
Head Office |
Sena Kalyan Bhaban (16th
Floor), 195 Motijheel C/A, Dhaka-1000 |
|
Telephone No |
880-2-9550555 |
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Fax
No |
880-2-9556515 |
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E-Mail |
mail@partex.net |
|
Website |
www.partex.net |
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Corporate
Office |
74 Bir Uttam A.K. Khandaker
Sarak, Mohakhali Commercial Area |
|
Factory |
Jangaliapara
(Banglabazar), Bhoui, Mirzapur,
Kaultia, Joydevpur, Gazipur |
|
Factory
Telephone No |
880-2- 9201153-55 |
|
Factory
Fax No |
880-2- 9201156 |
|
Warehouse |
Jangaliapara (Banglabazar), Bhoui, Mirzapur, Kaultia,
Joydevpur, Gazipur |
DIRECTORS
|
Name |
Mr.
M.A. Hashem |
|
Designation |
Chairman |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr.
Rubel Aziz |
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Designation |
Managing
Director |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr.
Showkat Aziz Russell |
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Designation |
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr.
M.A. Hashem |
|
Share Percent |
40% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr.
Rubel Aziz |
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Share Percent |
40% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Showkat
Aziz Russell |
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Share Percent |
20% |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line
of Business |
Manufacturer & Seller |
|
Items Dealing In |
Garment
Accessories |
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Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms
of |
Local: Cash or credit |
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Production
Capacity |
720
million pieces per year |
|
Last
Year Production |
720
million pieces |
BANKERS
|
Name |
Standard
Chartered Bank |
|
Branch |
Main
Branch |
|
Address |
Dilkusha Commercial Area, |
|
SWIFT |
N/A |
|
|
|
|
Name |
National
Bank Limited |
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Branch |
Main
Branch |
|
Address |
Dilkusha Commercial Area, |
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SWIFT |
N/A |
|
|
|
|
Name |
Prime
Bank Limited |
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Branch |
Main
Branch |
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Address |
Motijheel Commercial Area, |
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SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2009 |
2008 |
2007 |
|
Investment |
Tk.41 million |
Tk.41 million |
Tk.40 million |
|
Turnover |
Tk.279.6 million |
Tk.279 million |
Tk.278 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.62 million |
Tk.62 million |
Tk.60 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.20 million |
|
Paid
Up Capital |
Tk.250,000.00 |
|
Each
Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
|
1 |
113.7973 |
|
U.S Dollar |
1 |
71.1500 |
|
European Euro |
1 |
97.0771 |
ADVERSE DATA MONITORING
|
Dishonored
Checks |
No Found |
|
Debt |
No Records Found |
|
Litigation |
No Records Found |
|
Performance
Defaults |
No Records Found |
|
Adverse
Press Coverage |
No Records Found |
|
Money
Laundering |
No Records Found |
MAXIMUM RECOMMENDED CREDIT
|
Amount |
Based
On |
|
US$ 25,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
300 |
|
Office
Area (Sq. Ft) |
1,400 sq.ft (rented) |
|
Factory
Area (Sq. Ft) |
1 acres of lands (own) |
|
Warehouse
Area (Sq. Ft) |
5,000 sq.ft.(own) |
|
|
4 All Types of Plastic Hangers |
|
Machinery
& Raw Materials Import From |
4 4 4 4 4 4 4 4 4 |
|
Major
Clients |
4 Local 100% Export Oriented
Garments Industries |
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Certification
|
4 ISO 9000: 2000 4 ISO 9001: 2000 4 ISO 9004: 2000 4 ISO19011: 2000 |
|
Group
Name |
4 Partex Group |
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Subsidiaries
/ Affiliates |
4 Amber Cotton Mills Limited 4 Amber Pulp & Paper Mills Ltd 4 Partex Paper Mills Ltd 4 Partex Beverage Ltd 4 Partex Sugar Mill Ltd 4 Partex Rotor Mill Ltd 4 Rotor Spinning Mills Ltd 4 Partex Real Estate Ltd 4 Partex Denims Ltd 4 Partex Foundry Ltd 4 4 Radio 4 Partex Energy Ltd 4 Rubel Steel Mills Limited 4 Danish Condensed Milks Limited 4 Star Particle Board Mills Limited 4 Star Vegetable Oils Limited 4 Russel Steel Mills Limited 4 Danish Milk (BD) Limited |
|
Member |
4 Dhaka Chamber of Commerce & Industries, |
COMMENTS
The subject is private limited company who is
engaged in manufacturing and selling of all types of plastic hangers. The qualities
of their products are good and they are well known in local garment markets.
The company is a unit of Partex Group, one of the most renowned business houses
of the country.
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 commitments, it is reported.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.57 |
|
|
1 |
Rs.72.50 |
|
Euro |
1 |
Rs.62.46 |
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 |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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.