MIRA INFORM REPORT
|
Report Date : |
22.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
DIVINE FASHION PVT. LIMITED |
|
|
|
|
Registered Office : |
Ambon Rhythm, Apt. A-1 & 2, House No.51, Road No.3, Sector.3, Uttara Model Town, Dhaka |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
12.10.2006 |
|
|
|
|
Com. Reg. No.: |
C-66129 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacturer and Exporter 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$ 28,000.00 |
|
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 |
Divine
Fashion Pvt. Limited |
|
Address |
West Soildubi,
Kashimpur Gazipur |
|
Country |
Bangladesh |
|
Telephone No |
880-2-8959685,
8951682 |
|
Fax No |
880-2-8957448 |
|
E-Mail |
|
|
Website |
|
|
Established |
2006 |
|
Company Registration No |
C-66129 |
|
Registration date |
12th
October 2006 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The
Registrar of Joint Stock Companies & Firms, Dhaka, |
|
Business Type |
Manufacturer and
Exporter |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
LOCATIONS
|
Head Office |
Ambon
Rhythm, Apt. A-1 & 2, House
No.51, Road No.3, Sector.3, Uttara Model Town, Dhaka |
|
Telephone No |
880-2-8959685,
8951682 |
|
Fax No |
880-2-8957448 |
|
E-Mail |
|
|
Website |
|
|
Branch |
NIL |
|
Factory |
West Soildubi,
Kashimpur Gazipur |
|
Factory Telephone No |
NIL |
|
Factory Fax No |
NIL |
|
Warehouse |
West Soildubi,
Kashimpur Gazipur |
DIRECTORS
|
Name |
Mr. Monir
Hossain Emon |
|
Designation |
Chairman &
Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Mosharaf
Hossain |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr. Monir
Hossain Emon |
|
Share Percent |
60% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Mosharaf
Hossain |
|
Share Percent |
40% |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturer and
Exporter |
|
Items Dealing In |
Ready-Made Garments |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of
Purchase |
Export: Against L/C |
|
Production
Capacity: |
110,000 dozens
per year |
BANKERS
|
Name |
Mercantile Bank
Limited |
|
Branch |
Uttara Branch |
|
Address |
House # 10A, Road # 7d, Sector # 9, Uttara, Dhaka |
|
SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2010 |
2009 |
2008 |
|
Investment |
Tk.34 million |
Tk.32 million |
Tk.32 million |
|
Turnover |
Tk.280 million |
Tk.278.7 million |
Tk.278 million |
|
Liability |
Tk.6.6 million |
Tk.7.4 million |
Tk.8 million |
|
Assets |
Tk.45 million |
Tk.43 million |
Tk.43 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.30 million |
|
Paid Up Capital |
Tk.1 million |
|
Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
119.7959 |
|
U.S Dollar |
1 |
75.9500 |
|
European Euro |
1 |
104.4464 |
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$ 28,000.00 |
90 days |
GENERAL INFORMATION
|
Employees |
450 |
|
Office Area (Sq.
Ft) |
2,000 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
34,500 sq.ft (rented) |
|
Warehouse Area
(Sq. Ft) |
4,500 sq.ft (rented) |
|
Range of
Products |
4 T-Shirts 4 Polo
Shirts 4
Trousers |
|
Export Market |
4 USA 4 UK 4 Canada |
|
Certifications |
NIL |
|
Group Name |
4 NM Group |
|
Subsidiaries /
Affiliates |
4 Divine Sourcing Limited 4 Divine
Trade International 4 Divine
Apparels 4 Dilanoe
Accessories 4 N M Divine
Industries Limited |
|
Member |
4 Bangladesh Knitwear Manufacturers
& Exporters Association, Dhaka 4 Dhaka Chamber of Commerce &
Industries, Dhaka |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.07 |
|
UK Pound |
1 |
Rs.79.16 |
|
Euro |
1 |
Rs.69.04 |
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.