MIRA INFORM REPORT

 

 

Report Date :

04.07.2012

 

IDENTIFICATION DETAILS

 

Name :

ANANTA JEANSWEAR LIMITED

 

 

Registered Office :

Ananta, House No. 12, Road No. 12, Sector No 1, Uttara, Dhaka-1230

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

14.07.2006

 

 

Com. Reg. No.:

C-57689

 

 

Legal Form :

Public Limited

 

 

Line of Business :

Manufacturing & Exporting  of Ready-Made Garments

 

 

No. of Employees :

13000

 

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

 

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)

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

Ananta Jeanswear Limited

Factory Address

134/123 Kabi Jashim Uddin Road, Pagar, Tongi, Gazipur

Country

Bangladesh

Telephone No

880-2-9801787, 9815879, 9815878

Fax No

880-2-9800756

E-Mail

info@ananta.com.bd

Website

www.ananta.com.bd

Established

2006

Company Registration No

C-57689

Registration date

14th July 2006

Legal Status

Public Limited

Issuing Authority

The Registrar of Joint Stock Companies & Firms, Dhaka

Business Type

Manufacturer & Exporter

Status

Satisfactory

Payment Behavior

No complaints have been heard regarding payments 

from local suppliers or banks.

 

 

LOCATIONS

 

Registrar / Head Office

Ananta, House No. 12, Road No. 12, Sector No 1, Uttara, Dhaka-1230, Bangladesh

Telephone No

880-2-8923543, 8918386, 8918111, 8913006 & 8912962

Fax No

880-2-8912350

E-Mail

info@ananta.com.bd

mashem@ananta.com.bd

Website

www.ananta.com.bd

Branch 

USA Office

8ll Alpha Drive Suite 339, Richardson, Texas 75081, USA
P: 972.759.0732
F: 972.907.0187
Email: amin@bimpex.com

Factory

134/123 Kabi Jashim Uddin Road, Pagar, Tongi, Gazipur

Factory Tel No

880-2-9801787, 9815879, 9815878

Factory Fax No

880-2-9800756

Warehouse

134/123 Kabi Jashim Uddin Road, Pagar, Tongi, Gazipur

 

DIRECTORS

 

Name

Mr. Amin Khan

Designation

Chairman

Nationality

Bangladeshi

 

 

Name

Mr. Inam Khan

Designation

Managing Director

Nationality

Bangladeshi

 

 

Name

Mr. Sajed Karim

Designation

Director

Nationality

Bangladeshi

 

 

SHAREHOLDERS

 

Name

Mr. Amin Khan

Share Percent

30%

Nationality

Bangladeshi

 

 

Name

Mr. Inam Khan

Share Percent

50%

Nationality

Bangladeshi

 

 

Name

Mr. Sajed Karim

Share Percent

20%

Nationality

Bangladeshi

BUSINESS DETAILS

 

Line of Business

Manufacturing & Exporting 

Items Dealing In

Ready-Made Garments

Terms of Purchase

Local: Cash or Credit

Import: Against L/C

Terms of Sale

Local: Cash or Credit

Export: Against L/C

 

 

BANKERS

 

Name

Prime Bank Limited

Branch

Alkando Branch

 

 

FINANCIAL INFORMATION

 

Year

2011

2010

 

2009

Investment

Tk.38 million

Tk.36 million

Tk.36 million

Turnover

Tk.310.6 million

Tk.368.6 million

Tk.368 million

Liability

Tk.6 million

Tk.7.4 million

Tk.8 million

Assets

Tk.46 million

Tk.44 million

Tk.44 million

 

 

CAPITAL STRUCTURE

 

Authorized Capital

Tk.3 million

Paid Up Capital

Tk.200,000.00

Each Share Value

Tk.100

 

 

Information parted by

(General Details)

 

Name 

Mashem

Designation

Manager

contact

880-2-8923543

Date 

03.07.2012

 

 

CURRENCY EXCHANGE RATE

 

Currency

Unit

Bangladeshi Taka (BDT)

 

Great Britain Pound

1

127.3602

U.S Dollar

1

81.8300

European Euro

1

102.0256

 

 

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

 

 

GENERAL INFORMATION

 

Employees

13000

Office Area (Sq. Ft)

2,500 sq.ft (owned)

Factory Area (Sq. Ft)

55,000 sq.ft (owned)

Warehouse Area (Sq. Ft)

3,500  sq.ft.(owned)

Range of Products

4 Blouses

4 School Wears

4 Trousers

4 Shirts

4 Tops

4 Shorts

Export Market      

USA:

4 GAP International

4 Dickies

4 Sears

4 Khols

4 Hagger

4 Ivory International

 

Canada:

4 Wal-mart Canada

4 Gloria Venderbilt

4 Loblows (JM&A)

 

Sweden:

4 H&M

 

United Kingdom:

4 Adams

4 George-Asda Store (Wal-mart)

4 Woolworth

4 TU(Sainsburrys)

4 Minimode

4 Crew Clothing

 

Netherlands:

4 M & S Mode

4 Low Land

Customers

Wholesaler, Retailer, End User

Certifications

4 ISO 9001: 2000

Group Name

4 Ananta Group

Subsidiaries / Affiliates

4 Ananta Sportswear Limited

4 Ananta Apparels Limited

4 Ananta Designers Limited

4 Ananta Garments Limited

4 Ananta Fashion Limited

4 Paradise Washing Plant Limited

Member

4 Dhaka Chamber of Commerce & Industries, Dhaka  

4 Bangladesh Garments Manufacturers & Exporters Association

 

 

BUSINESS TREND & PROSPECT

 

Business Scale           

Large

Business Trend

Growing

Management Capability

Good

Reputation

Good

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.81

UK Pound

1

Rs.86.04

Euro

1

Rs.69.06

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.