MIRA INFORM REPORT
|
Report Date : |
12.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
GLASSY INTERNATIONAL |
|
|
|
|
Registered Office : |
House No.446 (3rd floor), Road No.31, New
D.O.H.S. Mohakhali, Dhaka-1206 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Year of Establishment : |
1998 |
|
|
|
|
Com. Reg. No.: |
Not Available |
|
|
|
|
Legal Form : |
Proprietorship Concern |
|
|
|
|
Line of Business : |
buying house of all kinds 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$ 25,000.00 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment
Behaviour : |
Usually Correct |
|
|
|
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Bangladesh |
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
CONCERN DETAILS
|
Name |
Glassy
International |
|
Address |
House No.446 (3rd
floor), Road No.31, New D.O.H.S. Mohakhali, Dhaka-1206 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-8714658, 8714659 |
|
Fax No |
880-2-8714658 |
|
E-Mail |
|
|
Website |
|
|
Established |
1998 |
|
Concern Registration No |
N/A |
|
Registration date |
N/A |
|
Legal Status |
Proprietorship |
|
Business Type |
Buying
House |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
LOCATIONS
|
Head Office |
House No.446 (3rd
floor), Road No.31, New D.O.H.S. Mohakhali, Dhaka-1206 |
|
Telephone No |
880-2-8714658, 8714659 |
|
Fax No |
880-2-8714658 |
|
E-Mail |
info@glassyinternational.com ;
sreekanta@glassyinternational.com
|
|
Website |
|
|
Branch |
Hong Kong office (for fabric & trims sourcing): Room #02, 15/F, Greenfield
Tower, Concordia Plaza. No.1, Science Museum Road,
Tsimshatsui, Kawloon, HKg. Tel: 852-26206565. Fax: 852-26205151. Email : Daniel@alliedglory.com.hk China Office (for fabric sourcing): Room #906, Building #8, Hutang Trading center. Changzhou, Jiangsu, China. Tel: 86-519-86325828. Fax: 86-519-86325898. Email : justincheung@cnclassy.com |
|
Factory |
N/A |
|
Warehouse |
House No.446 (3rd
floor), Road No.31, New D.O.H.S. Mohakhali, Dhaka-1206 |
PROPRIETOR
|
Name |
Mr. Sreekanta
Chakraborty |
|
Designation |
CEO & Proprietor |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Buying
House |
|
Items Dealing In |
Garments
Items |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Export: Against L/C |
BANKERS
|
Name |
Southeast Bank
Limited |
|
Branch |
Mohakhali Branch |
|
Address |
Mohakhali, Dhaka |
|
SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2010 |
2009 |
2008 |
|
Investment |
Tk.20 million |
Tk.18 million |
Tk.18 million |
|
Turnover |
Tk.248 million |
Tk.245.6 million |
Tk.245 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.32.2 million |
Tk.30 million |
Tk.30 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
N/A |
|
Paid Up Capital |
N/A |
|
Each Share Value |
N/A |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
117.9310 |
|
U.S Dollar |
1 |
74.3200 |
|
European Euro |
1 |
101.5657 |
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 |
120 |
|
Office Area (Sq.
Ft) |
2,100 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
4,700 sq.ft (rented) |
|
Range of
Products |
4 T-Shirts 4 Jeans 4 Sweaters |
|
Major
Customers |
4 JCP 4 MERVYNS 4 TARGET 4 MACYS 4 AVENUE 4 AEROPOSTALE 4 FAMILY DOLLARS 4 HBC 4 WALMART 4 KMART/SEARS 4 US POLO 4 PVH 4 GAINT TIGER |
|
Certifications |
NIL |
|
Group Name |
NIL |
|
Subsidiaries /
Affiliates |
4 Glassy
International Tours & Travels 4 Glassy
International Aviation Consultancy |
|
Member |
4 Dhaka Chamber of Commerce &
Industries, Dhaka |
COMMENTS
The subject is a proprietorship concern who is engaged as buying house of all kinds of ready-made garments.
The subject is a joint collaboration with Allied Glory, Hong Kong.
The proprietor is an experienced businessman of this line of
trade. He is also financially solvent and good at his business commitments, it
is reported.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.38 |
|
UK Pound |
1 |
Rs.74.01 |
|
Euro |
1 |
Rs.64.48 |
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.