MIRA
INFORM REPORT
|
Report Date : |
23.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
AMEERTEX LIMITED |
|
|
|
|
Registered Office : |
5, Rajuk Avenue, Motijheel , Printers Building (4th &
5th Floor) |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
14.06.1999 |
|
|
|
|
Com. Reg. No.: |
C-34107 |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Manufacturer & 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$ 30,000.00 |
|
|
|
|
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 |
COMPANY DETAILS
|
Name |
Ameertex Limited |
|
Address |
5, Rajuk Avenue,
Motijheel , Printers Building (4th & 5th Floor) |
|
Country |
Bangladesh |
|
Telephone No |
880 2
9568917-20, 9555782 |
|
Fax No |
880 2 9562045-46 |
|
E-Mail |
info@padma-group.com;
padma@bdcom.net |
|
Website |
www.padma-group.com |
|
Established |
1999 |
|
Company Registration No |
C-34107 |
|
Registration date |
14th June 1999 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of Joint Stock Companies, Dhaka |
|
Business Type |
Manufacturer & Exporter |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
LOCATIONS
|
Head Office |
5, Rajuk Avenue,
Motijheel , Printers Building (4th & 5th Floor) |
|
Telephone No |
880 2
9568917-20, 9555782 |
|
Fax No |
880 2 9562045-46 |
|
E-Mail |
info@padma-group.com;
padma@bdcom.net |
|
Website |
www.padma-group.com |
|
Branch |
NIL |
|
Factory |
131 Tejgaon Industrial Area,
Dhaka |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
131 Tejgaon Industrial Area, Dhaka |
DIRECTORS
|
Name |
Mr. Khan Mohammad Ameer |
|
Designation |
Chairman & Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Khalequzzaman Chowdury |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr. Khan Mohammad Ameer |
|
Share Percent |
60% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Khalequzzaman Chowdhury |
|
Share Percent |
40% |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturer & Exporter |
|
Items Dealing In |
Ready-Made Garments |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Export: Against L/C |
BANKERS
|
Name |
Bank Asia
Limited |
|
Branch |
MCB Branch |
|
Address |
Dilkusha
Commercial Area, Dhaka |
|
SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2009 |
2008 |
2007 |
|
Investment |
Tk.35 million |
Tk.33 million |
Tk.33 million |
|
Turnover |
Tk.340 million |
Tk.383.7 million |
Tk.383 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.48 million |
Tk.45 million |
Tk.45 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 |
116.3335 |
|
U.S Dollar |
1 |
75.0200 |
|
European Euro |
1 |
101.7946 |
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$ 30,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
610 |
|
Office Area (Sq.
Ft) |
3,500 sq.ft (own) |
|
Factory Area
(Sq. Ft) |
45,000 sq.ft (own) |
|
Warehouse Area
(Sq. Ft) |
8,000 sq.ft.(rented) |
|
Range of
Products |
4 All Kinds of
Knit Items |
|
Export Market |
4 S. Oliver
----------- Germany 4 Spider
------------ Greece 4 New Look
-------- United Kingdom 4 C & A
------------- Germany 4 Aldi
--------------- Germany 4 LIDL
-------------- Germany 4 Zagora
----------- Germany 4 Grey Stone
------ Germany 4 Londorf
---------- Denmark 4 Defacto
---------- Turkey 4 Addessa
--------- Germany 4 TomTailor
------- Germany 4 Ic Company
----- Netherlands 4 Umbro
----------- France 4 Esprit
------------ Germany 4 Erima
----------- Germany |
|
Fabrics &
Accessories |
4 Hong Kong 4 China 4 Pakistan 4 India 4 Local Source |
|
Certifications |
NIL |
|
Group Name |
4 Padma Group |
|
Subsidiaries /
Affiliates |
4 Padma Spintex Limited 4 Tex
Print Limited 4 Cheque
Bureau Center Limited 4 Padma
Printers 4 Eunoos
Trade Centre Ltd 4 4N
Needle Craft Limited 4 Predco 4 Padma
fashions Limited 4 Padma
Specialized Printing Limited 4 Padma
Technologies Limited 4 Padma
Color Wash Limited 4 Padma Poly Cotton Knit Fabrics
Limited 4 Padma Color Lab Limited |
|
Member |
1 Bangladesh Garments Manufacturers
& Exporters, Association, Dhaka 1 Dhaka Chamber of Commerce &
Industries, Dhaka |
COMMENTS
Subject is a private limited company which is engaged in
manufacturing and exporting of ready-made garments. The qualities of their
products of international standard and well received in the market.
It is a unit of Padma Group, an influential business house
of the country’s RMG Sector.
The directors are well conversant in their line of trade and
they are also experienced businessmen.
The company can be considered normal for business dealings
at usual trade terms and condition.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.82 |
|
|
1 |
Rs.75.48 |
|
Euro |
1 |
Rs.66.10 |
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.