MIRA INFORM REPORT

 

 

Report Date :

23.05.2012

 

IDENTIFICATION DETAILS

 

Name :

ESQUIRE KNIT COMPOSITE LIMITED

 

 

Registered Office :

Ideal Trade Center, 102 Shaheed Tajuddin Ahmed Sharani, Tejgaon I/A, Dhaka-1208

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

15.01.1996

 

 

Com. Reg. No.:

C-39663

 

 

Legal Form :

Private Limited

 

 

Line of Business :

Manufacturing & Exporting of Yarns 

 

 

No. of Employee:

6,100

 

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

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

Esquire Knit Composite Limited

Address

Ideal Trade Center, 102 Shaheed Tajuddin Ahmed Sharani, Tejgaon I/A, Dhaka-1208

Country

Bangladesh

Telephone No

880-2-9129396, 9113161, 9112539

Fax No

880-2-8122-181

E-Mail

info@esquirebd.com

Website

www.esquirebd.com

Established

1996

Company Registration No

C-39663

Registration date

15th January 1996

Legal Status

Private Limited

Issuing Authority

The Registrar of Joint Stock Companies & Firms, Dhaka

Business Type

Manufacturing & Exporting

Status

Satisfactory

Payment Behavior

No complaints have been heard regarding payments 

from local suppliers or banks.

 

 

LOCATIONS

 

Head Office

Ideal Trade Center, 102 Shaheed Tajuddin Ahmed Sharani, Tejgaon I/A, Dhaka-1208

Telephone No

880-2-9129396, 9113161, 9112539

Fax No

880-2-8122-181

E-Mail

info@esquirebd.com

Website

www.esquirebd.com

Branch

NIL

Factory

22/58 Kanchpur, Sonargaon, Narayanganj

Factory Telephone No

NIL

Factory Fax No

NIL

Warehouse

22/58 Kanchpur, Sonargaon, Narayanganj

 

 

DIRECTORS

 

Name

Mr. Mofazzel Hossain 

Designation

Chairman

Nationality

Bangladeshi

 

 

Name

Mr. Ehsanul Habib 

Designation

Managing Director

Nationality

Bangladeshi

 

 

Name

Mr. Anisur Rahman 

Designation

Director

Nationality

Bangladeshi

 

 

Name

Mr. Arifur Rahman 

Designation

Director

Nationality

Bangladeshi

 

 

SHAREHOLDERS

 

Name

Mr. Mofazzel Hossain 

Share Percent

25%

Nationality

Bangladeshi

 

 

Name

Mr. Ehsanul Habib 

Share Percent

40%

Nationality

Bangladeshi

 

 

Name

Mr. Anisur Rahman 

Share Percent

20%

Nationality

Bangladeshi

 

 

Name

Mr. Arifur Rahman 

Share Percent

15%

Nationality

Bangladeshi

BUSINESS DETAILS

 

Line of Business

Manufacturing & Exporting

Items Dealing In

Yarns 

Terms of Purchase

Local: Cash or Credit

Import: Against L/C

Terms of Sale

Export: Against L/C

Production Capacity

200,000 dozens per year

Last Year Production

200,000 dozens

 

 

BANKERS

 

Name

Dutch Bangla Bank Limited

Branch

Dilkusha Branch

Address

Dilkusha Commercial Area, Dhaka

SWIFT

N/A

 

 

FINANCIAL INFORMATION

 

Year

2010

2009

 

2008

Investment

Tk.40 million

Tk.40 million

Tk.38 million

Turnover

Tk.401.6 million

Tk.401 million

Tk.399 million

Liability

NIL

NIL

NIL

Assets

Tk.58 million

Tk.55 million

Tk.55 million

 

CAPITAL STRUCTURE

 

Authorized Capital

Tk.50 million

Paid Up Capital

Tk.5 million

Each Share Value

Tk.100.00

 

 

EXCHANGE RATE

 

Currency

Unit

Bangladeshi Taka (BDT)

 

Great Britain Pound

1

120.3664

U.S Dollar

1

76.5300

European Euro

1

103.0170

 

 

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

6,100

Office Area (Sq. Ft)

2,300 sq.ft (rented)

Factory Area (Sq. Ft)

45,500 sq.ft (rented)

Warehouse Area (Sq. Ft)

8,500  sq.ft.(rente)

Range of Products

4 Fancy Dresses

4 Tops

4 Polo Shirts

4 Rugby shirts

4 Hoody Shirts

4 Sweat shirts

4 Infant and Baby’s Body suit

T Shirts

Export Market  

4 Esprit – Germany.

4 Marks & Spencer - UK

4 C&A – Germany

4 Zara – Spain

4 Celio – France

4 Jordache – USA

4 Mascot – Denmark

4 Bhs - UK

Certifications

NIL

Group Name

NIL

Subsidiaries / Affiliates

4 Esquire Dyeing Industries Limited 

4 Esquire Knitwear Limited 

4 Esquire Accessories Limited 

4 MMH Textiles Limited 

4 Fashion Paradise Limited 

4 Esquire Sourcing Limited 

4 Esquire Electronics Limited 

4 Esquire Chemical Industries Limited

4 Thakral Information Systems Limited 

Member

4 Dhaka Chamber of Commerce & Industries, Dhaka

4 Bangladesh Knitwear Manufacturers & Exporters Association,

    Dhaka

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.88

UK Pound

1

Rs.86.84

Euro

1

Rs.70.21

 

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.