MIRA INFORM REPORT

 

 

Report Date :

04.06.2012

 

IDENTIFICATION DETAILS

 

Name :

CRESCENT FASHION & DESIGN LIMITED

 

 

Registered Office :

17 Dhanmondi R/A, Road No. 2, Dhaka-1205

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

03.06.2005

 

 

Com. Reg. No.:

C-50610

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacturer & Exporter of Ready Made Garments

 

 

No. of Employees :

1,414

 

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

Crescent Fashion & Design Limited

Address

Beximco Industrial Park, Sarabo, Kashimpur, Gazipur-1346

Country

Bangladesh

Telephone No        

880-2-8618220

Fax No

880-2- 8619187, 8610672, 7701164

E-Mail

beximcochq@beximco.net

Website

www.crescentfashions.com

Established

2005

Company Registration No

C-50610

Registration date

3rd June 2005

Legal Status

Private 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

 

Corporate Head Office

17 Dhanmondi R/A, Road No. 2, Dhaka-1205

Telephone No

880-2-8618220

Fax No

880-2- 8619187, 8610672, 7701164

E-Mail

info@beximcofashions.com

Website

www.beximcofashions.com

Operational Head Office

Beximco Industrial Park, Sarabo, Kashimpur, Gazipur-1346, Bangladesh
Phone: 880-2-8618220

Factory

Beximco Industrial Park, Sarabo, Kashimpur, Gazipur-1346

Factory Tel No

N/A

Factory Fax No

N/A

Warehouse

Beximco Industrial Park, Sarabo, Kashimpur, Gazipur-1346

 

DIRECTORS

 

Name

Mr. A S F Rahman  

Designation

Chairman

Nationality

Bangladeshi

 

 

Name

Mr. Salman F Rahman

Designation

Managing Director

Nationality

Bangladeshi

 

 

SHAREHOLDERS

 

Name

Mr. A S F Rahman  

Share Percent

60%

Country

Bangladeshi

 

 

Name

Mr. Salman F Rahman

Share Percent

40%

Country

Bangladeshi

 

 

BUSINESS DETAILS

 

Line of Business

Manufacturer & Exporter

Items Dealing In

Ready Made Garments

Terms of Purchase

Import: Against L/C

Local: Cash or Credit

Terms of Sale

Export: Against L/C

 

 

BANKERS

 

Name

Sonali Bank Limited

Branch

Dhanmodi Branch

Address

Dhanmondi, Dhaka

SWIFT

N/A

 

 

Name

Janata Bank Limited

Branch

Rupganj Branch

Address

Rupganj, Narayanganj

SWIFT

N/A

 

 

Name

The City Bank Limited

Branch

Dhanmodi Branch

Address

Dhanmondi, Dhaka

SWIFT

N/A

 

 

FINANCIAL INFORMATION

 

Year

2011

2010

 

2009

Investment

Tk.48 million

Tk.48 million

Tk.45 million

Turnover

Tk.435.6 million

Tk.435 million

Tk.432.7 million

Liability

Tk.4.6 million

Tk.5 million

Tk.7 million

Assets

Tk.60 million

Tk.60 million

Tk.58 million

 

 

CAPITAL STRUCTURE

 

Authorized Capital

Tk.200 million

Paid Up Capital

Tk.1 million

Each Share Value

Tk.100.00

 

 

CURRENCY EXCHANGE RATE

 

Currency

Unit

Bangladeshi Taka (BDT)

 

Great Britain Pound

1

126.8923

U.S Dollar

1

81.9400

European Euro

1

101.3598

 

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

1,414

Office Area (Sq. Ft)

5,875 sq.ft (own)

Factory Area (Sq. Ft)

50,000 sq.ft (own)

Warehouse Area (Sq. Ft)

10,200 sq.ft (own)

Range of Products

4 Men’s & Ladies Tops & Bottoms

Export Market

4 USA

4 Canada

4 Europe

Certifications

NIL

Group Name

4 Beximco Group

Subsidiaries / Affiliates

4 Beximco Pharmaceuticals Limited

4 Bextex Limited

4 Beximco Fashions Limited

4 International Knitwear & Apparels Limited

4 Bangladesh Export Import Co Limited

4 Beximco Synthetics Limited

4 Shinepukur Holdings Limited

4 Beximco Fisheries Limited

4 Beximco Knitting Limited

4 Beximco Apparels Limited

4 Bangladesh On-Line Limited

4 Beximco Engineering Limited

4 Beximco Foods Limited

4 Beximco Media Limited

4 Sonali Aash Limited

4 Beximco Computer Limited

4 Beximco Systems Limited

4 I & I Services Limited

4 Padma Textile Mills Limited

4 Shinepukur Ceramics Limited

4 Esses Fashions Limited

4 BEXTRADE Limited

Member

4 Dhaka Chamber of Commerce & Industries, Dhaka

4 Bangladesh Garments Manufacturers & Exporters Association,

    Dhaka 

 

 

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.55.52

UK Pound

1

Rs.85.29

Euro

1

Rs.68.86

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.