MIRA INFORM REPORT
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Report Date : |
18.03.2011 |
IDENTIFICATION DETAILS
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Name : |
DEKKO APPARELS LIMITED |
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Registered Office : |
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Country : |
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Date of Incorporation : |
14.03.1992 |
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Com. Reg. No.: |
C-20458 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
manufacturing and exporting 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$ 22,000.00 |
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Status : |
Good |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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 |
Dekko Apparels
Limited |
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Address |
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Country |
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Telephone No |
880-2-9132944,
9132934 |
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Fax No |
880-2-8313656,
8313658 |
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E-Mail |
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Website |
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Established |
1992 |
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Company Registration No |
C-20458 |
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Registration date |
14th
March 1992 |
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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
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Head Office |
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Telephone No |
880-2-9132944,
9132934 |
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Fax No |
880-2-8313656,
8313658 |
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E-Mail |
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Website |
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Branch |
NIL |
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Factory |
Plot M/4,
Section-7, Road-7, Mirpur Housing Estate Dhaka-1216 |
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Factory Telephone No |
NIL |
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Factory Fax No |
NIL |
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Warehouse |
Plot M/4,
Section-7, Road-7, Mirpur Housing Estate Dhaka-1216 |
DIRECTORS
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Name |
Al-Hajj Mohammad
Ishaque |
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Designation |
Chairman |
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Nationality |
Bangladeshi |
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Name |
Mr. M. Shahadat
Hossain |
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Designation |
Managing Director |
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Nationality |
Bangladeshi |
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Name |
Mr. M. Shahid
Hossain |
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Designation |
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Al-Hajj Mohammad
Ishaque |
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Share Percent |
30% |
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Nationality |
Bangladeshi |
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Name |
Mr. M. Shahadat
Hossain |
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Share Percent |
50% |
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Nationality |
Bangladeshi |
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Name |
Mr. M. Shahid
Hossain |
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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 |
72,000 dozens
per year |
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Last Year
Production |
72,000 dozens |
BANKERS
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Name |
Janata Bank
Limited |
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Branch |
Corporate Branch |
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Address |
Motijheel Commercial Area, |
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SWIFT |
N/A |
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Name |
AB Bank Limited |
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Branch |
Main Office
Branch |
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Address |
Motijheel Commercial Area, |
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SWIFT |
N/A |
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Name |
National Bank
Limited |
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Branch |
Local Office
Branch |
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Address |
Motijheel Commercial Area, |
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SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2009 |
2008 |
2007 |
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Investment |
Tk.28 million |
Tk.25 million |
Tk.25 million |
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Turnover |
Tk.252 million |
Tk.250 million |
Tk.249.5million |
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Liability |
NIL |
NIL |
NIL |
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Assets |
Tk.48 million |
Tk.45 million |
Tk.45 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
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Currency |
Unit |
Bangladeshi Taka (BDT) |
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|
1 |
115.6423 |
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U.S Dollar |
1 |
71.8900 |
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European Euro |
1 |
100.6676 |
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$ 22,000.00 |
90 Days |
GENERAL INFORMATION
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Employees |
585 |
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Office Area (Sq.
Ft) |
2,500 sq.ft (rented) |
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Factory Area
(Sq. Ft) |
31,250 sq.ft (rented) |
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Warehouse Area
(Sq. Ft) |
6,500 sq.ft.(rented) |
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4 Pants 4 Shirts 4 Jackets 4 Lingerie 4 Tops |
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Export Market |
4 Wal-Mart------- 4 J.C. Penny------ 4 British Hong Stores-UK |
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Fabrics &
Accessories |
4 4 4 4 4 4 Local Sources |
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Certifications |
NIL |
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Group Name |
4 Dekko Group |
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Subsidiaries /
Affiliates |
4 Dekko Garments Ltd 4 Dekko Fashion Ltd 4 Agami Apparels Ltd 4 Agami Fashion Ltd 4 Globus Garments Ltd 4 Dekko Readywear Ltd 4 Dekko Design Ltd 4 Roxy Paints 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 ready-made garments. The qualities of their products are good and
they are well known in overseas garment markets.
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
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.45.24 |
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|
1 |
Rs.72.57 |
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Euro |
1 |
Rs.63.00 |
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 |
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.