MIRA INFORM REPORT
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Report Date : |
18.03.2011 |
IDENTIFICATION DETAILS
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Name : |
NATURAL APPARELS LIMITED |
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Registered Office : |
House No.8 (1st and 2nd floor), Road No.28 , Block-K, Banani,
Dhaka-1213 |
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Country : |
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Date of Incorporation : |
10.08.2000 |
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Com. Reg. No.: |
C-70979 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
manufacturing and exporting of 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 : |
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 – December 31, 2010
|
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 |
Natural Apparels Limited |
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Address |
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Country |
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Telephone No |
880-2-7281318,
7281578, 7281881 |
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Fax No |
880-2-7281564 |
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E-Mail |
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Website |
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Established |
August 2000 |
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Company Registration No |
C-70979 |
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Registration date |
10th
August 2000 |
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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
|
Head Office |
House No.8
(1st and 2nd floor), Road No.28 , Block-K, Banani, Dhaka-1213, |
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Telephone No |
880-2-8857645,
8857646, 8850831 |
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Fax No |
880-2-8857996.
EXT: 124 |
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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 |
880-2-7281318,
7281578, 7281881 |
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Factory Fax No |
880-2-7281564 |
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Warehouse |
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DIRECTORS
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Name |
Mr. S. Golam Shibly Nomany |
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Designation |
Chairman |
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Nationality |
Bangladeshi |
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Name |
Mr. M. K. Noor-A-Shaheed Rana |
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Designation |
Managing Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Abdul Quader |
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Designation |
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr. S. Golam Shibly Nomany |
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Share Percent |
40% |
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Nationality |
Bangladeshi |
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Name |
Mr. M. K. Noor-A-Shaheed Rana |
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Share Percent |
40% |
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Nationality |
Bangladeshi |
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Name |
Mr. Abdul Quader |
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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 |
3,120,000 pieces
per year |
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Last Year
Production |
3,120,000 pieces |
BANKERS
|
Name |
Mercantile Bank
Limited |
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Branch |
Main Branch |
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Address |
Dilkusha Commercial Area, |
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SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2009 |
2008 |
2007 |
|
Investment |
Tk.26 million |
Tk.26 million |
Tk.25 million |
|
Turnover |
Tk.253.6 million |
Tk.253 million |
Tk.252 million |
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Liability |
Tk.6.6 million |
Tk.7.1 million |
Tk.7.8 million |
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Assets |
Tk.35 million |
Tk.35 million |
Tk.34 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.50 million |
|
Paid Up Capital |
Tk.250,000.00 |
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Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
|
1 |
115.6423 |
|
U.S Dollar |
1 |
71.8900 |
|
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
|
Employees |
1850 |
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Office Area (Sq.
Ft) |
2,100 sq.ft (rented) |
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Factory Area
(Sq. Ft) |
50,050 sq.ft (rented) |
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Warehouse Area
(Sq. Ft) |
9,500 sq.ft.(rented) |
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|
4 Trousers 4 Shorts 4 Jackets 4 Cargo Pants 4 Shorts All 4 Over All 4 All Kinds of Fabrics |
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Export Market |
4 C & A 4 Zara 4 Mango 4 H & M 4 Groupe Zannier 4 Lefties |
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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 Natural Group |
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Subsidiaries /
Affiliates |
4 Natural Denims Ltd 4 Natural Sweater Village Ltd 4 Natural Wool Wears Ltd 4 Wash & Wear Ltd 4 Natural Washing Plants Ltd |
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Member |
4 Association, 4 Dhaka Chamber of Commerce &
Industries, |
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 their order book remains full round
the year.
The directors are well conversant in their line of trade and
they are also experienced businessman. They are financially solvent and good at
his business commitments, it is reported.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.24 |
|
|
1 |
Rs.72.57 |
|
Euro |
1 |
Rs.63.00 |
RATING EXPLANATIONS
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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 |
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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 |
|
<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.