|
Report Date : |
30.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
AL MUSLIM GARMENTS ACCESSORIES LIMITED |
|
|
|
|
Registered Office : |
Holding No-14 Gadda Karnapara, Ulail, Savar, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
13.06.2008 |
|
|
|
|
Com. Reg. No.: |
C-70261 |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
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Line of Business : |
Manufacturing & Selling of Garments Accessories |
|
|
|
|
No. of Employees : |
220 |
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) |
|
|
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Name |
Al Muslim Garments Accessories Limited Note: The subject registered by this name. |
|
Address |
Holding No-14 Gadda Karnapara, Ulail, Savar,
Note: The
subject operates from this address. |
|
Country |
|
|
Telephone No |
880-2-7743598-604,7741567 |
|
Fax No |
880-2-7742824 |
|
E-Mail |
|
|
Website |
www.al-muslimgroup.com |
|
Established |
2008 |
|
Company Registration No |
C-70261 |
|
Registration date |
13th June 2008
|
|
Legal Status |
Private Limited |
|
Issuing Authority |
The
Registrar of Joint Stock Companies & Firms, |
|
Business Type |
Manufacturer
& Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
|
Head Office |
Holding No-14 Gadda Karnapara, Ulail, Savar,
|
|
Telephone No |
880-2-7743598-604,7741567 |
|
Fax No |
880-2-7742824 |
|
E-Mail |
md@pacificbluejeans.com |
|
Website |
www.al-muslimgroup.com |
|
Branch |
NIL |
|
Factory |
Holding No-14 Gadda Karnapara, Ulail, Savar, |
|
Factory Tel No |
880-2-7711711, 7712439 |
|
Factory Fax No |
880-2-7712374 |
|
Warehouse |
Holding No-14 Gadda Karnapara, Ulail, Savar, |
|
Name |
Mr. Mohammad
Abdullah |
|
Designation |
Chairman &
Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mrs. Ayesha
Abdullah |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Meher Ali
Chowdhury |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
Name |
Mr. Mohammad
Abdullah |
|
Share Percent |
85% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mrs. Ayesha
Abdullah |
|
Share Percent |
10% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Meher Ali
Chowdhury |
|
Share Percent |
5% |
|
Nationality |
Bangladeshi |
|
Line of Business |
Manufacturing
& Selling |
|
Items Dealing In |
Garments
Accessories |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of
Purchase |
Local: Cash or Credit |
|
Name |
EXIM Bank
Bangladesh Limited |
|
Branch |
Motijheel Branch |
|
Address |
Motijheel C/A, Dhaka-1000 |
|
SWIFT |
N/A |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.32 million |
Tk.32 million |
Tk.30 million |
|
Turnover |
Tk.327.3 million |
Tk.326.7 million |
Tk.325 million |
|
Liability |
Tk.4.5 million |
Tk.5 million |
Tk.7 million |
|
Assets |
Tk.40 million |
Tk.40 million |
Tk.38 million |
|
Authorized
Capital |
Tk.30 million |
|
Paid Up Capital |
Tk.100,000.00 |
|
Each Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
|
1 |
128.6197 |
|
U.S Dollar |
1 |
81.8400 |
|
European Euro |
1 |
103.9695 |
(General Details)
Name : Mr. Firoz
Ahmed
Designation : Finance Manager
Contact : 880-27743598
Date : 28.06.2012
|
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 |
|
Employees |
220 |
|
Office Area (Sq.
Ft) |
2,000 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
32,000 sq.ft (rented) |
|
Warehouse Area
(Sq. Ft) |
7,000 sq.ft (rented) |
|
|
4 Embroidery
works 4 Twill
Tape 4 Belt 4 Drawstring
& Drawcord 4 Elastic 4 Lace 4 Pigments
printing 4 Rubber 4 Printing 4 Screen Print 4 Flexo Print 4 Plastisol Printing on Garments 4 Label 4 Varies type of Tape 4 Varies type of Belt |
|
Major
Clients |
4 Local 100% Export Oriented
Garments Industries Wholesaler
Retailers |
|
Certifications |
NIL |
|
Group Name |
Al-Muslim Group |
|
Subsidiaries /
Affiliates |
4 Pacific Blue (Jeans Wear) Limited 4 AL – Muslim Washing Limited 4 A.K.M. Knitwear Limited 4 AL-Muslim Garments Limited 4 AL-Muslim Fashion Wear Limited |
|
Member |
4 Dhaka Chamber
of Commerce & Industries, |
|
Business Scale |
Fairly Large |
|
Business Trend |
Growing |
|
Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.31 |
|
|
1 |
Rs.88.06 |
|
Euro |
1 |
Rs.70.91 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.