|
Report Date : |
02.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
SUPROV COMPOSITE KNIT LIMITED |
|
|
|
|
Registered Office : |
Vadam, Nishatnagar-1711, Tongi, Gazipur, Dhaka |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
12.02.2006 |
|
|
|
|
Com. Reg. No.: |
C-58557 |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Manufacturer & Exporter of Ready-Made Garments |
|
|
|
|
No. of Employees : |
2,000 |
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
In real terms Bangladesh's economy has grown 5.8% 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 |
Suprov Composite Knit Limited |
|
Address |
Vadam, Nishatnagar-1711, Tongi, Gazipur, Dhaka |
|
Country |
Bangladesh |
|
Telephone No |
880-2-9801835 |
|
Fax No |
880-2-9812818 |
|
E-Mail |
|
|
Website |
|
|
Established |
2006 |
|
Company Registration No |
C-58557 |
|
Registration date |
12th February 2006
|
|
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. |
|
Head Office |
99
Aouchpara, Squib Road, Nishatnagar-1711, Tongi, Gazipur, Dhaka |
|
Telephone No |
880-2-9813542, 9801835 |
|
Fax No |
880-2-9812818 |
|
E-Mail |
|
|
Website |
|
|
Branch |
NIL |
|
Factory |
Vadam,
Nishatnagar-1711, Tongi, Gazipur, Dhaka |
|
Factory Tel No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
Vadam, Nishatnagar-1711, Tongi, Gazipur, Dhaka |
|
Mrs. Jamila Akhter Sima |
|
|
Designation |
Chairman & Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Zahid Uddin |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. A.B.M. Shamshul Hasan |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Parvez Mahmud |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
Name |
Mrs. Jamila
Akhter Sima |
|
Share Percent |
85% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Zahid
Uddin |
|
Share Percent |
10% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. A.B.M.
Shamshul Hasan |
|
Share Percent |
2% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Parvez
Mahmud |
|
Share Percent |
3% |
|
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 |
Janata
Bank Limited |
|
Branch |
Janata Bhaban
Corporate Branch |
|
Address |
110 Motijheel C/A, Dhaka |
|
SWIFT |
JANBB DD HA JBC |
|
Year |
2012 |
2011 |
2010 |
|
Investment |
Tk.46 million |
Tk.44 million |
Tk.42 million |
|
Turnover |
Tk.414.6 million |
Tk.414 million |
Tk.412 million |
|
Liability |
Tk.9.5 million |
Tk.10 million |
Tk.12 million |
|
Assets |
Tk.55 million |
Tk.55 million |
Tk.53 million |
|
Authorized Capital |
Tk.20 million |
|
Paid Up Capital |
Tk.5 million |
|
Each Share Value |
Tk.1000.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
118.2578 |
|
U.S Dollar |
1 |
77.7500 |
|
European Euro |
1 |
103.4308 |
|
Dishonored
Checks |
No Found |
|
Debt |
No Found |
|
Litigation |
No Records Found |
|
Performance
Defaults |
No Records Found |
|
Adverse Press
Coverage |
No Records Found |
|
Money Laundering |
No Records Found |
|
Employees |
2,000 |
|
Office Area (Sq.
Ft) |
2,200 |
|
Factory Area
(Sq. Ft) |
60,000 |
|
Warehouse Area
(Sq. Ft) |
6,500 |
|
Range of
Products |
4 Sweater 4 Pullover 4 Cardigan 4 Vest 4 Muffler 4 Gloves |
|
Export
Market |
4 STYLE WISE, TESCO, SITUP, VISAGE
Imports, Wilson Imports, ROAMER south shield, UK 4 TFC, P & C, Germany 4 ZARA, Argentina 4 SAS BABOU , SAS JENKEN, Viiay Fashions LTD,
Lea
Fashion, France 4 A & Q FASHION B.V, TEIDEM B.V, DEBO
EINDHOVEN B. V,
HOLLAND HOUSE FASHION B.V, The
Netherland 4 AMADEUS, Croatia 4 DA CAPPO Investments LTD, Lemesos Greece 4 GOLDEN TOUCH, GOLDEN TOO, USA 4 Ilanco, CAD, Canada 4 MAYER, France |
|
Certifications |
NIL |
|
Group Name |
4 Anontex Group |
|
Subsidiaries /
Affiliates |
4 Juvenile Sweaters Limited 4 Galaxy
Sweaters & Yarn Dyeing Limited 4 Florien Vintage Trading House |
|
Member |
4 Dhaka Chamber
of Commerce & Industries, Dhaka 4 Bangladesh Garments Manufacturers & Exporters Association |
|
Business Scale |
Fairly Large
|
|
Business Trend |
Growing |
|
Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.74 |
|
|
1 |
Rs.92.05 |
|
Euro |
1 |
Rs.80.60 |
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.