MIRA INFORM
REPORT
|
Report Date : |
20.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
LIZ FASHION INDUSTRY LIMITED |
|
|
|
|
Registered Office : |
E-13, Lutfan Tower, 2nd-3rd Floor, Middle Badda Bazar, Middle Badda,
Gulshan, Dhaka-1212 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
28.08.1997 |
|
|
|
|
Com. Reg. No.: |
C-33720 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacturing & exporting
of ready-made garments |
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 |
|
Maximum Credit Limit : |
US$ 30,000.00 |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
No Complaints |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Bangladesh |
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
COMPANY DETAILS
|
Name |
Liz Fashion
Industry Limited |
|
Address |
Holding No. 1, Block-C,
4 Floor, Shaheed Mosharraf Hossain Road., Purba Chandora, Shafi pur,
Kaliakoir, Gazipur-1751 |
|
Country |
Bangladesh |
|
Telephone No |
880-68-2252051-2 |
|
Fax No |
880-68-2252-050 |
|
E-Mail |
info@lizfashion.com |
|
Website |
|
|
Established |
August 1997 |
|
Company
Registration No |
C-33720 |
|
Registration
date |
28th August 1997 |
|
Legal Status |
Private Limited |
|
Issuing
Authority |
The Registrar of
Joint Stock Companies & Firms, Dhaka |
|
Business Type |
Manufacturer & Exporter |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
LOCATIONS
|
Head Office |
E-13, Lutfan
Tower, 2nd-3rd Floor, Middle Badda Bazar, Middle Badda, Gulshan, Dhaka-1212 |
|
Telephone No |
880-2-9884812,8823775 |
|
Fax No |
880-2-9885605 |
|
E-Mail |
info@lizfashion.com |
|
Website |
|
|
Branch |
NIL |
|
Factory |
Holding No. 1,
Block-C, 4 Floor, Shaheed Mosharraf Hossain Road., Purba Chandora, Shafi pur,
Kaliakoir, Gazipur-1751 |
|
Factory
Telephone No |
880-68-2252051-2 |
|
Factory Fax No |
880-68-2252-050 |
|
Warehouse |
Holding No. 1,
Block-C, 4 Floor, Shaheed Mosharraf Hossain Road., Purba Chandora, Shafi pur,
Kaliakoir, Gazipur-1751 |
DIRECTORS
|
Name |
Mr. Leo John |
|
Designation |
Chairman & Managing Director |
|
Nationality |
Chinese |
|
|
|
|
Name |
Mr. Lu Zhou |
|
Designation |
Director |
|
Nationality |
Chinese |
|
|
|
|
Name |
Mr. Mohammad Saidur Rahman |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Zhuang
Lifeng |
|
Designation |
Director |
|
Nationality |
Chinese |
SHAREHOLDERS
|
Name |
Mr. Leo John |
|
Share Percent |
40% |
|
Nationality |
Chinese |
|
|
|
|
Name |
Mr. Lu Zhou |
|
Share Percent |
20% |
|
Nationality |
Chinese |
|
|
|
|
Name |
Mr. Mohammad Saidur Rahman |
|
Share Percent |
20% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Zhuang
Lifeng |
|
Share Percent |
20% |
|
Nationality |
Chinese |
BUSINESS DETAILS
|
Line of Business |
Manufacturer & Exporter |
|
Items Dealing In |
Ready-made Garments |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Export: Against L/C |
|
Production
Capacity |
Underwear:
599,988 dozens per year Sportswear:
8,400,000 dozens per year |
|
Last Year
Production |
Underwear:
599,988 dozens Sportswear:
8,400,000 dozens |
BANKERS
|
Name |
United
Commercial Bank Limited |
|
Branch |
Motijheel Branch |
|
Address |
Motijheel Commercial Area, Dhaka |
|
SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2010 |
2009 |
2008 |
|
Investment |
Tk.32 million |
Tk.32 million |
Tk.30 million |
|
Turnover |
Tk.347.4 million |
Tk.346.7 million |
Tk.345 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.45 million |
Tk.45 million |
Tk.42 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.50 million |
|
Paid Up Capital |
Tk.250,000 |
|
Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
119.6132 |
|
U.S Dollar |
1 |
74.5300 |
|
European Euro |
1 |
105.1767 |
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$ 30,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
3,000 |
|
Office Area (Sq.
Ft) |
11,773 Sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
106,641sq.ft (rented) |
|
Warehouse Area
(Sq. Ft) |
31,492Sq.ft (rented) |
|
Range of
Products |
4 Underwear 4 Panty 4 Kids Wears 4 Sportswear 4 T-Shirts |
|
Export Market |
4 European Union 4 USA 4 Canada |
|
Fabrics &
Accessories |
4 Hong Kong 4 China 4 Thailand 4 India 4 Local Sources 4 Pakistan |
|
Certifications |
4 ISO 9001:2000 |
|
Group Name |
NIL |
|
Subsidiaries /
Affiliates |
NIL |
|
Member |
4 Dhaka Chamber
of Commerce & Industry, Dhaka 4 Bangladesh Garments Manufacturers
& Exporters Association, Dhaka |
COMMENTS
The subject is a private limited company engaged in
manufacturing & exporting of ready-made garments to overseas countries.
The directors are experienced people in this
line of trade. They are reported to be financially healthy and strong in their
business commitments.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.59 |
|
UK Pound |
1 |
Rs.71.62 |
|
Euro |
1 |
Rs.62.78 |
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 |
|
---- |
NB |
New Business |
---- |
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.