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Report Date : |
16.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
ACS TEXTILES
( |
|
|
|
|
Registered Office : |
House 1D, Road 10, Baridhara, Dhaka-1212 |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
13.04.2004 |
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|
|
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Com. Reg. No.: |
C-52450 |
|
|
|
|
Legal Form : |
Private Limited |
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|
|
|
Line of Business : |
Manufacturer &
Exporter of Home Textiles |
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|
|
|
No. of Employees : |
6,000 |
RATING & COMMENTS
|
MIRAs 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 March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Name |
ACS Textiles
( Note: The
subject registered by this name. |
|
Address |
House 1D, Road 10, Baridhara, Dhaka-1212 |
|
Country |
|
|
Telephone No |
880-2-7419593 |
|
Fax No |
880-2-7420786 |
|
E-Mail |
|
|
Website |
www.acstextiles.com |
|
Established |
2004 |
|
Company Registration No |
C-52450 |
|
Registration date |
13th
April 2004 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The
Registrar of Joint Stock Companies & Firms, |
|
Business Type |
Manufacturer
& Exporter |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
|
Head Office |
House 1D, Road 10, Baridhara, Dhaka-1212 |
|
Telephone No |
880-2-7419593 |
|
Fax No |
880-2-7420786 |
|
E-Mail |
|
|
Website |
www.acstextiles.com |
|
Branch |
NIL |
|
Factory |
Tetlabo, Rupgonj, Narayangonj |
|
Factory Tel No |
880-2-7449593,
7450204, 7450242, 7450724 |
|
Factory Fax No |
880-2-7450786 |
|
Warehouse |
Tetlabo, Rupgonj, Narayangonj |
|
Name |
Mr. Masood
Dawood Akbani |
|
Designation |
Chairman & Managing Director |
|
Nationality |
British |
|
|
|
|
Name |
Mr. Amir Dawood
Akbani |
|
Designation |
Director |
|
Nationality |
British |
Note:
Board of Directors and Shareholders has been changed in January 2012.
|
Name |
Mr. Masood
Dawood Akbani |
|
Share Percent |
60% |
|
Nationality |
British |
|
|
|
|
Name |
Mr. Amir Dawood
Akbani |
|
Share Percent |
40% |
|
Nationality |
British |
|
Line of Business |
Manufacturer & Exporter |
|
Items Dealing In |
Home
Textiles |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of |
Export: Against L/C |
|
Name |
Standard Chartered Bank |
|
Branch |
Gulshan Branch |
|
Address |
Gulshan, |
|
SWIFT |
N/A |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.60 million |
Tk.58 million |
Tk.58 million |
|
Turnover |
Tk.385 million |
Tk.383 million |
Tk.382.5 million |
|
Liability |
Tk.7.5 million |
Tk.8.6 million |
Tk.9.2 million |
|
Assets |
Tk.108 million |
Tk.105 million |
Tk.105 million |
|
Authorized
Capital |
Tk.50 million |
|
Paid Up Capital |
Tk.300,000.00 |
|
Each Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
|
1 |
129.7016 |
|
U.S Dollar |
1 |
81.8100 |
|
European Euro |
1 |
107.0402 |
|
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 |
|
Amount |
Based On |
|
US$ 28,000.00 |
90 days |
|
Employees |
6,000 |
|
Office Area (Sq.
Ft) |
2,500 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
65,000 sq.ft (rented) |
|
Warehouse Area
(Sq. Ft) |
10,500 sq.ft.(rented) |
|
|
4 Bed Sheets 4 Pillow
Cover 4 Bed
Linen 4 Door
Screen 4 Window
Screen |
|
Export
Market |
4 4 4 4 4 4 |
|
Certifications |
4 ISO 9001: 2000 |
|
Group Name |
NIL |
|
Subsidiaries /
Affiliates |
4 ACS Towels Limited |
|
Member |
4 Dhaka Chamber
of Commerce & Industries, 4 4 British Business Group, |
|
Business Scale |
Large |
|
Business Trend |
Growing |
|
Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.42 |
|
|
1 |
Rs.81.93 |
|
Euro |
1 |
Rs.67.67 |
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 SCs 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.