MIRA INFORM REPORT
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Report Date : |
06.03.2012 |
IDENTIFICATION DETAILS
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Name : |
GRAMEEN KNITWEAR LIMITED |
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Registered Office : |
Grameen Bank Complex, Mirpur-2, Dhaka-1216
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Country : |
Bangladesh |
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Date of Incorporation : |
05.11.1997 |
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Com. Reg. No.: |
C-34208 |
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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
: |
2600 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$ 26,000.00 |
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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 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Bangladesh |
b1 |
b1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
|
Name |
Grameen Knitwear
Limited |
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Address |
Plot
No.-102, 103, 126 & 127, Dhaka Export Processing Zone (Ext-II),
Ganakbari, Savar, Dhaka |
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Country |
Bangladesh |
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Telephone No |
880-2-7789189,
7789293-4 |
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Fax No |
880-2-7789296 |
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E-Mail |
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|
Website |
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Established |
November
1997 |
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Commercial
Production From |
December 1999 |
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Company Registration No |
C-34208 |
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Registration date |
5th
November 1997 |
|
Legal Status |
Private Limited |
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Issuing Authority |
The Registrar of
Joint Stock Companies & Firms, Dhaka |
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Business Type |
Manufacturer & Exporter |
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Status |
Satisfactory |
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Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
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Head Office |
Grameen
Bank Complex, Mirpur-2, Dhaka-1216,
Bangladesh Location:
owned Area: 2500
Sq.fts |
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Telephone No |
880-2-8054034 |
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Fax No |
880-2-8050395 |
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E-Mail |
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|
Website |
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Branch |
NIL |
|
Factory |
Plot No.-102,
103, 126 & 127, Dhaka Export Processing Zone (Ext-II), Ganakbari, Savar,
Dhaka |
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Factory Telephone No |
880-2-7789189,
7789293-4 |
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Factory Fax No |
880-2-7789296 |
|
Warehouse |
Plot No.-102,
103, 126 & 127, Dhaka Export Processing Zone (Ext-II), Ganakbari, Savar,
Dhaka |
|
Name |
Dr. Muhammad
Yunus |
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Designation |
Chairman |
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Nationality |
Bangladeshi |
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Name |
Mr. Mohammad Ashraful Hassan |
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Designation |
Managing Director |
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Nationality |
Bangladeshi |
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Name |
Mr. M Sahajahan |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Imamful Sultan |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mrs. Nurjahan Begum |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Sheikh Abdud Daiyan |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. S. M. Shamim Anowar |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Mohammad Emdadul Haque |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Gulam Mustafa |
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Designation |
Director |
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Name |
Grameen Kalyan |
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Share Percent |
50% |
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Country |
Bangladesh |
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|
Name |
Grameen Fund |
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Share Percent |
50% |
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Country |
Bangladesh |
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Line of Business |
Manufacturer & Exporter |
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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 |
|
Name |
National
Bank Limited |
|
Branch |
Mirpur Branch |
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Address |
Plot # 4, Block # KA, Section # 6, Mirpur Main Road No. 1 Dhaka |
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SWIFT |
NBLBBDDH |
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|
|
|
Name |
South East
Bank |
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Branch |
Dhaka |
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Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.38 million |
Tk.38 million |
Tk.36 million |
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Turnover |
Tk.360.6 million |
Tk.360 million |
Tk.357 million |
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Liability |
NIL |
NIL |
NIL |
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Assets |
Tk.47 million |
Tk.47 million |
Tk.44 million |
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Authorized
Capital |
Tk.30 million |
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Paid Up Capital |
Tk.2 million |
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Each Share Value |
Tk.100.00 |
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Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
130.3052 |
|
U.S Dollar |
1 |
81.8500 |
|
European Euro |
1 |
109.0897 |
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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 |
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Money Laundering |
No Records Found |
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Amount |
Based On |
|
US$ 26,000.00 |
90 Days |
Information Parted
By:
Name : Mr. Salim Bahadur
Designation : CFO/ CS
Mobile No. : 00880-2-8054034
Date : 03.03.2012
|
Employees |
2600 |
|
Office Area (Sq.
Ft) |
2,500 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
44,000 sq.ft (rented) |
|
Warehouse Area
(Sq. Ft) |
7,000 sq.ft.(rented) |
|
Range of
Products |
4 T-shirt 4 Polo shirt 4 Sweat-shirt 4 Golf-shirt 4 Tank tops 4 Children wear 4 Jogging suits 4 Runners pant 4 Skirolly 4 Functional wear 4 Fashion dresses 4 Under garments 4 Sports wear |
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Export Market |
4 A W ATHLETIC 4 BLUE MOTION 4 CECELIA CLASSIC 4 CRAFT 4 CRANE SPORTS 4 GRIZZLY 4 HARVEST 4 LAURA STEIN 4 MARCEL CLAIR 4 MEDICO 4 NEW CONCEPT 4 NEW WAVE 4 PRINTER 4 UMBRO 4 SLAZENGER 4 PIERRE CARDIN 4 GEORGIO ARMANI 4 CLIQUE 4 CRAFT 4 DAD 4 TEXAS BULL 4 JINGHAM 4 PROJOB 4 MAC 1 4 POCOPIANO |
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Export Country |
Europe |
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Fabrics &
Accessories |
4 Hong Kong 4 China 4 Thailand 4 Local Sources 4 Pakistan 4 India |
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Certifications |
NIL |
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Group Name |
4 Grameen Family
of Organizations |
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Subsidiaries /
Affiliates |
4 Grameen Bank 4 Grameen Trust 4 Grameen Fund 4 Grameen Telecom 4 Grameen Phone 4 Grameen CyberNet 4 Grameen Solutions Limited 4 Grameen Communications 4 Grameen Fisheries and Livestock Foundation 4 Grameen Shikkha 4 Grameen Byabosa Bikash 4 Grameen Danone Foods 4 Grameen America |
|
Member |
4 Bangladesh Knitwear Manufacturers
& Exporters Association, Dhaka 4 Dhaka Chamber of Commerce &
Industries, Dhaka |
|
Auditor |
Sudabashi
Choudhary & Company Chartered accountant |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.79 |
|
UK Pound |
1 |
Rs.78.79 |
|
Euro |
1 |
Rs.65.73 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.