|
Report Date : |
02.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
AMEERTEX LIMITED |
|
|
|
|
Registered Office : |
5, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
14.06.1999 |
|
|
|
|
Com. Reg. No.: |
C-34107 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacturer and Exporter of Ready-made
Garments. |
|
|
|
|
No. of Employees : |
625 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Bangladesh |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Bangladesh - ECONOMIC OVERVIEW
The economy has grown 5-6% per year since 1996 despite political instability, poor infrastructure, corruption, insufficient power supplies, and slow implementation of economic reforms. Bangladesh remains a poor, overpopulated, and inefficiently-governed nation. Although more than half of GDP is generated through the service sector, 45% of Bangladeshis are employed in the agriculture sector with rice as the single-most-important product. Bangladesh's growth was resilient during the 2008-09 global financial crisis and recession. Garment exports, totaling $12.3 billion in FY09 and remittances from overseas Bangladeshis, totaling $11 billion in FY10, accounted for almost 12% of GDP.
|
Source : CIA |
|
Name |
Ameertex Limited |
|
Address |
5, Rajuk Avenue,
Motijheel , Printers Building (4th & 5th Floor) |
|
Country |
Bangladesh |
|
Telephone No |
880-2-9568917-20,
9555782 |
|
Fax No |
880-2-9562045-46 |
|
E-Mail |
|
|
Website |
|
|
Established |
1999 |
|
Company Registration No |
C-34107 |
|
Registration date |
14th June 1999 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of Joint Stock Companies, Dhaka |
|
Business Type |
Manufacturer & Exporter |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
|
Head Office |
5, Rajuk Avenue,
Motijheel , Printers Building (4th & 5th Floor) |
|
Telephone No |
880-2-9568917-20,
9555782 |
|
Fax No |
880-2-9562045-46 |
|
E-Mail |
|
|
Website |
|
|
Branch |
NIL |
|
Factory |
131 Tejgaon Industrial Area,
Dhaka |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
131 Tejgaon Industrial Area, Dhaka |
|
Name |
Mr. Khan Mohammad Ameer |
|
Designation |
Chairman & Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Khalequzzaman Chowdury |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
Name |
Mr. Khan Mohammad Ameer |
|
Share Percent |
60% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Khalequzzaman Chowdhury |
|
Share Percent |
40% |
|
Nationality |
Bangladeshi |
|
Activities |
The subject is Manufacturer and Exporter of Ready-made Garments. |
|
Name |
Bank Asia
Limited |
|
Branch |
MCB Branch |
|
Address |
Dilkusha
Commercial Area, Dhaka |
|
SWIFT |
N/A |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.36 million |
Tk.35 million |
Tk.35 million |
|
Turnover |
Tk.342 million |
Tk.340.6 million |
Tk.340 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.50 million |
Tk.48 million |
Tk.48 million |
|
Authorized
Capital |
Tk.30 million |
|
Paid Up Capital |
Tk.250,000.00 |
|
Each Share Value |
Tk.100 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
132.5670 |
|
U.S Dollar |
1 |
81.6400 |
|
European Euro |
1 |
106.0014 |
|
Dishonored
Checks |
No Found |
|
Debt |
No Found |
|
Litigation |
No Found |
|
Performance
Defaults |
No Records Found |
|
Adverse Press
Coverage |
No Records Found |
|
Money Laundering |
No Records Found |
|
Name |
Mr. Mohammed Monier |
|
Designation |
Accountant |
|
Date |
25.09.2012 |
|
Employees |
625 |
|
Office Area (Sq.
Ft) |
3,500 sq.ft (own) |
|
Factory Area
(Sq. Ft) |
45,000 sq.ft (own) |
|
Warehouse Area
(Sq. Ft) |
8,000 sq.ft.(rented) |
|
Range of
Products |
4 All Kinds of
Knit Items |
|
Export Market |
4 S. Oliver
----------- Germany 4 Spider
------------ Greece 4 New Look
-------- United Kingdom 4 C & A
------------- Germany 4 Aldi
--------------- Germany 4 LIDL
-------------- Germany 4 Zagora
----------- Germany 4 Grey Stone
------ Germany 4 Londorf
---------- Denmark 4 Defacto
---------- Turkey 4 Addessa
--------- Germany 4 TomTailor
------- Germany 4 Ic Company
----- Netherlands 4 Umbro
----------- France 4 Esprit
------------ Germany 4 Erima
----------- Germany |
|
Fabrics &
Accessories |
4 Hong Kong 4 China 4 Pakistan 4 India 4 Local Source |
|
Certifications |
NIL |
|
Group Name |
4 Padma Group |
|
Subsidiaries /
Affiliates |
4 Padma
Spintex Limited 4 Tex Print Limited 4 Cheque Bureau Center Limited 4 Padma Printers 4 Eunoos Trade Centre Ltd 4 4N Needle Craft Limited 4 Predco 4 Padma fashions Limited 4 Padma Specialized Printing Limited 4 Padma Technologies Limited 4 Padma Color Wash Limited 4 Padma Poly Cotton
Knit Fabrics Limited 4 Padma Color Lab
Limited |
|
Member |
4 Bangladesh
Garments Manufacturers & Exporters Association 4 Dhaka
Chamber of Commerce & Industries, Dhaka |
|
Business Scale |
Fairly Large |
|
Business Trend |
Growing |
|
Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.78 |
|
UK Pound |
1 |
Rs.85.16 |
|
Euro |
1 |
Rs.67.78 |
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.