MIRA
INFORM REPORT
|
Report Date : |
17.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHAMSHER REZIA FASHION LIMITED |
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Registered Office : |
Cha-72/1/C, Progoti Sarani, North Badda, Dhaka-1212 |
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Country : |
Bangladesh |
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Date of Incorporation : |
08.09.2005 |
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Com. Reg. No.: |
C-55549 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer & Exporter of Ready-Made Garments |
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No. of Employees : |
500 Approximately |
RATING & COMMENTS
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MIRAs Rating : |
Ba |
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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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Bangladesh |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
COMPANY DETAILS
|
Name |
Shamsher Rezia Fashion Limited |
|
Address |
Cha-72/1/C, Progoti Sarani, North Badda, Dhaka-1212 |
|
Country |
Bangladesh |
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Telephone No |
880-2-8816032,
8821521, 9896098 |
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Fax No |
880-2- 8816056,
8823513 |
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E-Mail |
|
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Website |
www.shamshergroup.org |
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Established |
2005 |
|
Company Registration No |
C-55549 |
|
Registration date |
8th
September 2005 |
|
Legal Status |
Private Limited Company |
|
Issuing Authority |
The Registrar of Joint Stock Companies & Firms, Dhaka |
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Business Type |
Manufacturer & Exporter |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
LOCATIONS
|
Head Office |
House No. 13B,
Road No.35, Gulsahn-2, Dhaka-1212 |
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Telephone No |
880-2-8816032,
8821521, 9896098 |
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Fax No |
880-2- 8816056,
8823513 |
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E-Mail |
|
|
Website |
|
|
Branch |
NIL |
|
Factory |
Cha-72/1/C, Progoti Sarani, North Badda, Dhaka-1212 |
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Factory Telephone No |
880-2-9884517,
9898462 |
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Factory Fax No |
NIL |
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Warehouse |
Cha-72/1/C, Progoti Sarani, North Badda, Dhaka-1212 |
DIRECTORS
|
Name |
Mr. Azmal Hossain |
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Designation |
Chairman |
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Nationality |
Bangladeshi |
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|
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Name |
Mr. Benjir Ahmed
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Designation |
Managing Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr. Azmal Hossain |
|
Share Percent |
40% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Benjir Ahmed
|
|
Share Percent |
60% |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturer & Exporter |
|
Items Dealing In |
Ready-Made Garments |
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Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
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Terms of Sale |
Export: Against L/C |
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Production
Capacity |
75,000 dozens per year |
|
Last Year
Production |
75,000 dozens |
BANKERS
|
Name |
National Bank
Ltd |
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Branch |
Gulshan Branch |
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Address |
Gulshan, Dhaka |
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SWIFT |
N/A |
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|
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Name |
Export Import
Bank of Bangladesh Limited (EXIM BANK LTD) |
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Branch |
Head Office |
|
Address |
Gulshan Avenue,
Dhaka 1212 |
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SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.34 million |
Tk.34 million |
Tk.32 million |
|
Turnover |
Tk.375.6 million |
Tk.375 million |
Tk.373 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.48 million |
Tk.48 million |
Tk.45 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.20 million |
|
Paid Up Capital |
Tk.250,000.00 |
|
Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
127.7798 |
|
U.S Dollar |
1 |
83.3800 |
|
European Euro |
1 |
105.9426 |
ADVERSE DATA MONITORING
|
Dishonored
Checks |
No Found |
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Debt |
No Records Found |
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Litigation |
No Records Found |
|
Performance
Defaults |
No Records Found |
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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 |
500 Approximately |
|
Office Area (Sq.
Ft) |
2,200 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
30,500 sq.ft (rented) |
|
Warehouse Area
(Sq. Ft) |
7,500 sq.ft. (rented) |
|
Range of
Products |
4 T-Shirt 4 Polo Shirt 4 Sleepwear |
|
Customers |
Wholesaler,
Retailers, End Users |
|
Export Market |
4 North America,
Canada |
|
Fabrics &
Accessories |
4 Hong Kong 4 China 4 Pakistan 4 India 4 Local Source |
|
Certifications |
NIL |
|
Group Name |
4 Shamsher Group |
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Subsidiaries /
Affiliates |
·
Shamsher Apparels Limited ·
Manseen Company BD Limited |
|
Member |
1 Bangladesh Garments Manufacturers
& Exporters, Association, Dhaka 1 Dhaka Chamber of Commerce &
Industries, Dhaka |
Information parted by
Name : Mr. Masud
Designation : Finance Executive
Contact :880-2-9896098 (124 Extn.)
Date : 14.01.2012
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.65 |
|
|
1 |
Rs.79.09 |
|
Euro |
1 |
Rs.65.32 |
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.