|
Report Date : |
13.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
ANTIM KNITTING DYEING & FINISHING LIMITED
|
|
|
|
|
Registered Office : |
39, Dilkusha C/A (4th Floor), Dhaka-1000 |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
14.06.1997 |
|
|
|
|
Com. Reg. No.: |
C-31332 |
|
|
|
|
Legal Form : |
Public Limited Company |
|
|
|
|
Line of Business : |
Manufacturer & Exporter of Ready-made
Garments |
|
|
|
|
No. of Employees : |
3,800 employees |
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) |
|
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 |
Antim Knitting
Dyeing & Finishing Limited Note: The subject registered by this name. |
|
Address |
39, Dilkusha C/A
(4th Floor), Dhaka-1000 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-9567811, 9559605, 7168360 |
|
Fax No |
880-2-9550407 |
|
E-mail |
|
|
Website |
|
|
Established |
1997 |
|
Company Registration No |
C-31332 |
|
Registration date |
14th June 1997 |
|
Legal Status |
Public 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. |
|
Head Office |
39, Dilkusha C/A
(4th Floor), Dhaka-1000 |
|
Telephone No |
880-2-9567811, 9559605, 7168360 |
|
Fax No |
880-2-9550407 |
|
E-Mail |
|
|
Website |
|
|
Branch |
NIL |
|
Factory |
Barpa, Rupshi, Rupgonj, Narayangonj, Bangladesh |
|
Factory Telephone No |
880-2-7450248,7449839-40 |
|
Factory Fax No |
NIL |
|
Warehouse |
Barpa, Rupshi, Rupgonj, Narayangonj, Bangladesh |
|
Name |
Mr. Mohammad Ali Akbar |
|
Designation |
Chairman & Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. S.R. Tarafdar Papai |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
Name |
Mr. Mohammad Ali Akbar |
|
Share Percent |
60% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. S.R. Tarafdar Papai |
|
Share Percent |
40% |
|
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 |
|
Name |
Sonali Bank
Limited |
|
Branch |
B. B. Avenue
Corporate Branch |
|
Address |
28, B. B. Avenue, Dhaka-1000 |
|
SWIFT |
BSONBDDHABBA |
|
|
|
|
Name |
United Commercial Bank Limited |
|
Branch |
Principal Branch |
|
Address |
58, Motijheel C/A, Dhaka-1000 |
|
SWIFT |
UCBLBDDHPRB |
|
|
|
|
Name |
Social Islami Bank Limited |
|
Branch |
Principal Branch |
|
Address |
15, Dilkusha C/A, Dhaka-1000 |
|
SWIFT |
SOIVBDDHPRN |
|
Year |
As At 31 March 2012 |
|
Investment |
Tk.40 million |
|
Turnover |
Tk.353.3 million |
|
Liability |
NIL |
|
Assets |
Tk.48 million |
|
Authorized
Capital |
Tk.30 million |
|
Paid Up Capital |
Tk.2 million |
|
Each Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
131.5657 |
|
U.S Dollar |
1 |
81.8500 |
|
European Euro |
1 |
105.2345 |
|
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 |
3,800 |
|
Office Area (Sq.
Ft) |
2,300 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
60,000 sq.ft (rented) |
|
Warehouse Area
(Sq. Ft) |
10,000 sq.ft.(rented) |
|
Range of
Products |
4 Basic T-Shirt 4 Tank Top 4 Base Ball 4
Handly Shirt 4 Polo Shirt 4 Ladies Dress 4 Under Garments |
|
Export Market |
4 LIDL 4
WalMart 4
Elmau Associates 4
C&A 4
Terre nova 4 Aldi 4 Target 4 K-Mart 4 Sears 4 Footlocker 4
Habestreit Zara 4
Anvil 4
Dollar General 4
Bonton 4
Handcraft 4 NKD 4 Fruit of the Loom 4 ETAM |
|
Certifications |
NIL |
|
Group Name |
NIL |
|
Subsidiaries /
Affiliates |
4 Antim Knitting Composite Limited |
|
Member |
4 Bangladesh Knitwear 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.55.26 |
|
UK Pound |
1 |
Rs.88.85 |
|
Euro |
1 |
Rs.71.13 |
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.