MIRA INFORM REPORT
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Report Date : |
03.05.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
AMANTEX LIMITED |
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Registered Office : |
Ali Bhaban
(5th Floor), 9 Rajuk Avenue, Motijheel C/A, Dhaka-1000 |
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Country : |
Bangladesh |
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Date of Incorporation : |
14.04.2008 |
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Com. Reg. No.: |
C-53999 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturing & Exporting of all kinds of knit |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
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$ 28,000.00 |
|
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) |
|
Bangladesh |
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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
|
Name |
Amantex Limited |
|
Address |
Ali Bhaban
(5th Floor), 9 Rajuk Avenue, Motijheel C/A, Dhaka-1000 |
|
Country |
Bangladesh |
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Telephone No |
880-2-7175023,
9563066 |
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Fax No |
880-2-7175024 |
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E-Mail |
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Website |
www.amangroupbd.com |
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Established |
2008 |
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Commercial
Production From |
2009 |
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Company Registration No |
C-53999 |
|
Registration date |
14th April 2008 |
|
Legal Status |
Private
Limited |
|
Issuing Authority |
The Registrar of Joint Stock Companies & Firms, Dhaka |
|
Business Type |
Manufacturer |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints
have been heard regarding payments from local suppliers or banks. |
LOCATIONS
|
Head Office |
Ali Bhaban
(5th Floor), 9 Rajuk Avenue, Motijheel C/A Dhaka-1000
|
|
Telephone No |
880-2-7175023,
9563066 |
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Fax No |
880-2-7175024 |
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E-Mail |
|
|
Website |
www.amangroupbd.com |
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Branch |
NZ Center (3rd Floor), House No.05, Road No.12, Sector-06, Uttara, Dhaka-1230 |
|
Factory |
Boiragirchala,
Sreepur, Gazipur |
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Factory Telephone No |
NIL |
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Factory Fax No |
NIL |
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Warehouse |
Boiragirchala,
Sreepur, Gazipur |
DIRECTORS
|
Name |
Mr. Rafiqul
Islam |
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Designation |
Chairman & Managing Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Shafiqul
Islam |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Toufiqul
Islam |
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Designation |
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr. Rafiqul
Islam |
|
Share Percentage |
50% |
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Nationality |
Bangladeshi |
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|
|
Name |
Mr. Shafiqul
Islam |
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Share Percentage |
30% |
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Nationality |
Bangladeshi |
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|
|
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Name |
Mr. Toufiqul
Islam |
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Share Percentage |
20% |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturer & Exporter |
|
Items Dealing In |
Readymade
Garments |
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Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
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Terms of Sale |
Export: Against L/C |
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Production
Capacity |
15,708,960 pieces per year |
BANKERS
|
Name |
Islami Bank (BD)
Limited |
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Branch |
Rajshahi Branch |
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Address |
Rajshahi |
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SWIFT |
N/A |
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Name |
IFIC Bank
Limited |
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Branch |
Motijheel Branch |
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Address |
Motijheel C/A,
Dhaka |
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SWIFT |
N/A |
FINANCIAL INFORMATION
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|
2010 |
2009 |
2008 |
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Capital Investment |
Tk.32 million |
Tk.32 million |
N/A |
|
Turnover |
Tk.285 million |
One Year Not Completed |
N/A |
|
Liability |
Tk.6 million |
Tk.8 million |
N/A |
|
Fixed Assets |
Tk.40 million |
Tk.40 million |
N/A |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.20 million |
|
Paid Up Capital |
Tk.250,000.00 |
|
Each Share Value |
Tk.100 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
121.9423 |
|
U.S Dollar |
1 |
72.9800 |
|
European Euro |
1 |
108.0688 |
ADVERSE DATA MONITORING
|
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 |
|
Money Laundering |
No Records Found |
MAXIMUM RECOMMENDED CREDIT
|
Amount |
Based On |
|
US$ 28,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
2,900 |
|
Office Area (Sq.
Ft) |
1,500 (rented) |
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Factory Area
(Sq. Ft) |
50, 000 (rented) |
|
Warehouse Area
(Sq. Ft) |
10,000 (rented) |
|
Range of
Products |
4 All Kind of
Knit Items |
|
Export Market |
4 USA 4 Germany
4 Canada Note: The subject
has refused to reveal their clients name. |
|
Certification |
4 ISO
9001:2008 4 ISO
14001:2004 |
|
Group Name |
4 Aman
Group |
|
Subsidiaries /
Affiliates |
4 Aman
Cold Storage Limited 4 Milan
Cold Storage Limited 4
Brothers Cement Mills Limited 4 Aman
Cement Mills Limited 4 Aman
Steel Mills Limited 4 Aman
Jute Fibrous Limited 4 Islam
Brothers & Co. 4 Aman
Fertilizer Limited 4 Aman
Cotton Fibrous Limited 4 Aman
Agro Industries Limited 4
Juvenile Construction 4 Aman
Trading Corporation 4 RS & T International 4 Anwara Mannan Textile Mills
Limited 4 Aman Feed Limited 4 Aman Poultry & Hatchery
Limited 4 Aman Plat Tissue Culture
Laboratory & Agriculture Farming |
|
Member |
4 Bangladesh Knit
Wears Manufacturers & Exporter Association, Dhaka 4 Dhaka Chamber
of Commerce & Industry, Dhaka |
COMMENTS
The subject is a private limited company who is engaged in
manufacturing & exporting of all kinds of knit items to overseas countries.
The subject is a concern of Aman Group.
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.44.33 |
|
UK Pound |
1 |
Rs.73.89 |
|
Euro |
1 |
Rs.65.57 |
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 |
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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 |
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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.