|
Report Date : |
10.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
KC APPARELS LIMITED |
|
|
|
|
Registered Office : |
62, |
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|
|
|
Country : |
|
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|
|
|
Date of Incorporation : |
15.01.2003 |
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|
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|
Com. Reg. No.: |
C-43893 |
|
|
|
|
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 : |
3000 |
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 |
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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 – 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 |
KC Apparels Limited |
|
Address |
62, Water Works Road,
Godnail, Narayangonj-1400 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-7641086,
7641088, 7646869 |
|
Fax No |
880-2-7641087 |
|
E-Mail |
|
|
Website |
|
|
Established |
2003 |
|
Company Registration No |
C-43893 |
|
Registration date |
15th
January 2003 |
|
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. |
|
Corporate Head Office |
62, Water
Works Road, Godnail, Narayangonj-1400 |
|
Telephone No |
880-2-7641086,
7641088, 7646869 |
|
Fax No |
880-2-7641087 |
|
E-Mail |
|
|
Website |
|
|
Branch |
NIL |
|
Factory |
62, Water
Works Road, Godnail, Narayangonj-1400 |
|
Factory Telephone No |
NIL |
|
Factory Fax No |
NIL |
|
Warehouse |
62, Water Works
Road, Godnail, Narayangonj-1400 |
|
Name |
Mr. Mohammad
Jahangir Alam |
|
Designation |
Chairman &
Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Shahdat
Hossain |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
Name |
Mr. Mohammad
Jahangir Alam |
|
Share Percent |
70% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Shahdat
Hossain |
|
Share Percent |
30% |
|
Nationality |
Bangladeshi |
|
Line of Business |
Manufacturer & Exporter |
|
Items Dealing In |
Ready-Made Garments |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Export: Against L/C |
|
Production
Capacity |
12,00,000 pieces
per year |
|
Last Year
Production |
12,00,000 pieces |
|
Name |
United
Commercial Bank Limited |
|
Branch |
Narayanganj
Branch |
|
Address |
Narayanganj |
|
SWIFT |
N/A |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.34 million |
Tk.34 million |
Tk.32 million |
|
Turnover |
Tk.350 million |
Tk.348.8 million |
Tk.347.2 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.43 million |
Tk.43 million |
Tk.40 million |
|
Authorized
Capital |
Tk.30 million |
|
Paid Up Capital |
Tk.250,000.00 |
|
Each Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
132.3176 |
|
U.S Dollar |
1 |
81.9000 |
|
European Euro |
1 |
106.5437 |
|
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 |
3,000 |
|
Office Area (Sq.
Ft) |
2,500 sq.ft (own) |
|
Factory Area
(Sq. Ft) |
50,500 sq.ft (own) |
|
Warehouse Area
(Sq. Ft) |
4,800 sq.ft.(own) |
|
Range of
Products |
4 T-Shirts 4 Polo Shirts |
|
Export
Market |
4 H & M 4 OKAIDI 4 Jules 4 Camaieu 4 Klingel 4
Carrefour 4 Sayan 4 K &
L 4 AMS
International 4 Philder
4 WE 4 Batty
Barday |
|
Certifications |
4 ISO 9001:2008 |
|
Group Name |
4 Knit Concern Group |
|
Subsidiaries /
Affiliates |
4 Knit Concern Limited |
|
Member |
4 Dhaka Chamber
of Commerce & Industries, Dhaka 4 Bangladesh
Knitwear Manufacturers & Exporters Association |
|
Business Scale |
Large |
|
Business Trend |
Growing |
|
Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.46 |
|
UK Pound |
1 |
Rs.86.27 |
|
Euro |
1 |
Rs.69.40 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.