MIRA INFORM REPORT
|
Report Date : |
16.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
RUPASHI KNIT WEARS LIMITED |
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|
|
|
Registered Office : |
Nahar Mansion (1st Floor) 150 Motijheel C/A, Dhaka-1000 |
|
|
|
|
Country : |
Bangladesh |
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|
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|
Date of Incorporation : |
12.01.1997 |
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|
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Com. Reg. No.: |
C-30477 |
|
|
|
|
Legal Form : |
Private Limited Company |
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|
|
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Line of Business : |
Manufacturing & Exporting of ready-made garments to overseas
countries. |
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$ 25,000.00 |
|
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 – 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
COMPANY DETAILS
|
Name |
Rupashi Knit
Wears Limited |
|
Address |
Lamapara, Kutubpur, Fatullah, Narayanganj |
|
Country |
Bangladesh |
|
Telephone No |
880-2-7635174-5,
9752458, 7647175 |
|
Fax No |
880-2-7641873 |
|
E-Mail |
|
|
Website |
|
|
Established |
1997 |
|
Company Registration No |
C-30477 |
|
Registration date |
12th January 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 |
Nahar Mansion (1st Floor) 150 Motijheel C/A, Dhaka-1000 |
|
Telephone No |
880-2-9559797,
9553002 |
|
Fax No |
880-2-9559241 |
|
E-Mail |
|
|
Website |
|
|
Branch |
NIL |
|
Factory |
Lamapara,
Kutubpur, Fatullah, Narayanganj |
|
Factory Telephone No |
880-2-7635174-5,
9752458, 7647175 |
|
Factory Fax No |
880-2-7641873 |
|
Warehouse |
Lamapara,
Kutubpur, Fatullah, Narayanganj |
DIRECTORS
|
Name |
Mr. Mohammad Sohrawardi |
|
Designation |
Chairman & Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Mohammad
Al Amin |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr. Mohammad Sohrawardi |
|
Share Percentage |
60% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Mohammad
Al Amin |
|
Share Percentage |
40% |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturer & Exporter |
|
Items Dealing In |
Readymade
Garments |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Export: Against L/C |
|
Production
Capacity |
22,50000 Pcs.
per year |
|
Last Year
Production |
22,50000 Pcs. |
BANKERS
|
Name |
Uttara Bank Ltd |
|
Branch |
Narayanganj
Branch |
|
Address |
Narayanganj |
|
SWIFT |
N/A |
FINANCIAL INFORMATION
|
|
2009 |
2008 |
2007 |
|
Capital Investment |
Tk.42 million |
Tk.40 million |
Tk.40 million |
|
Turnover |
Tk.420 million |
Tk.418.5 million |
Tk.418 million |
|
Liability |
NIL |
NIL |
NIL |
|
Fixed Assets |
Tk.52 million |
Tk.50 million |
Tk.50 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.30 million |
|
Paid Up Capital |
Tk.250,000.00 |
|
Each Share Value |
Tk.100 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
118.5301 |
|
U.S Dollar |
1 |
73.2300 |
|
European Euro |
1 |
103.2543 |
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 |
1,800 |
|
Office Area (Sq.
Ft) |
2,500 (rented) |
|
Factory Area
(Sq. Ft) |
42, 000 (rented) |
|
Warehouse Area
(Sq. Ft) |
10,900 (rented) |
|
Range of
Products |
4 T-Shirts 4 Polo Shirts 4 Ladies Items 4 Fancy Items |
|
Export Market |
4 USA 4 UK 4 Italy |
|
Certification |
NIL |
|
Group Name |
4 Rupashi
Group |
|
Subsidiaries /
Affiliates |
4 Rupashi
Fabrics complex (Pvt.) Ltd 4 Salman Knit Composite Ltd 4 Neetha Knitting Ltd 4 Shoeb Packaging (BD) Ltd 4 Oreks Sweaters Ltd |
|
Member |
4 Bangladesh
Garments 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 ready-made garments to overseas countries. The
qualities of their products are good and have good demands to their clients.
The subject is a concern of The Rupashi 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.44.91 |
|
UK Pound |
1 |
Rs.73.06 |
|
Euro |
1 |
Rs.64.03 |
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 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.