|
Report Date : |
22.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
FAKIR FASHION LIMITED |
|
|
|
|
Registered Office : |
Dohorgaon, Baliapara, Rupganj, Narayanganj |
|
|
|
|
Country : |
Bangladesh |
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|
|
|
Date of Incorporation : |
25.01.2009 |
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|
|
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Com. Reg. No.: |
C-87542 |
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|
|
|
Legal Form : |
Private Limited Company |
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|
|
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Line of Business : |
Manufacturer & Exporter of Ready-made Garments |
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|
|
|
No. of Employees : |
350 |
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 : |
Slow |
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|
|
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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 – 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 |
Fakir Fashion Limited |
|
Address |
Dohorgaon, Baliapara, Rupganj, Narayanganj |
|
Country |
Bangladesh |
|
Telephone No |
880-6662802001, 662802002 |
|
Fax No |
880-2-9569852 |
|
E-Mail |
|
|
Website |
|
|
Established |
2009 |
|
Company Registration No |
C-87542 |
|
Registration date |
25th January 2009 |
|
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 |
Dohorgaon, Baliapara, Rupganj, Narayanganj, Bangladesh |
|
Telephone No |
880-6662802001, 662802002 |
|
Fax No |
880-2-9569852 |
|
E-Mail |
|
|
Website |
|
|
Commercial Office |
Room No.41 (2nd Floor), Lucky Chamber, 89 Motijheel
Commercial Area, Dhaka-1000 Tel No: 880-6662802003 Fax No: 880-2-9569852 |
|
Factory |
Dohorgaon, Baliapara, Rupganj, Narayanganj, Bangladesh |
|
Factory Telephone No |
880-6662802001, 662802002 |
|
Factory Fax No |
NIL |
|
Warehouse |
Dohorgaon, Baliapara, Rupganj, Narayanganj, Bangladesh |
|
Name |
Mr. Fakir Akhtaruzzaman |
|
Designation |
Chairman |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Fakir Kamruzzaman Nahid |
|
Designation |
Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Ms. Munni Zaman |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Fakir Wahiduzzaman |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Fakir Touhiduzzaman |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
Name |
Mr. Fakir Akhtaruzzaman |
|
Share Percent |
25% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Fakir Kamruzzaman Nahid |
|
Share Percent |
35% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Ms. Munni Zaman |
|
Share Percent |
20% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Fakir Wahiduzzaman |
|
Share Percent |
10% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Fakir Touhiduzzaman |
|
Share Percent |
10% |
|
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 |
One Bank Limited |
|
Branch |
Motijheel Branch |
|
Address |
Motijheel C/A, Dhaka |
|
SWIFT |
N/A |
|
|
|
|
Name |
Dutch Bangla Bank Limited |
|
Branch |
Motijheel Branch |
|
Address |
Motijheel C/A, Dhaka |
|
SWIFT |
N/A |
|
Year |
31st March 2012 |
|
Investment |
Tk.32 million |
|
Turnover |
Tk.326.4 million |
|
Liability |
Tk.2.6 million |
|
Assets |
Tk.43 million |
|
Authorized
Capital |
Tk.20 million |
|
Paid Up Capital |
Tk.250,000.00 |
|
Each Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
118.4226 |
|
U.S Dollar |
1 |
78.4100 |
|
European Euro |
1 |
101.4625 |
|
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 |
350 |
|
Office Area (Sq.
Ft) |
3,800 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
59,000 sq.ft (own) |
|
Warehouse Area
(Sq. Ft) |
16,000 sq.ft.(own) |
|
Range of
Products |
4 T-shirts 4 Polo Shirts 4 Pajama Sets 4 Ladies &
Girls Dresses 4 Night Wears 4 Kids Wears |
|
Export Market |
4 H
& M 4 Tom
Tailor 4 TEMA
4 ZARA 4 C & A 4 Ernsting’s Family 4 Peacock 4 Conbipel 4 Tally Weijl 4 ZAKO |
|
Certifications |
NIL |
|
Group Name |
4 Fakir Group |
|
Subsidiaries /
Affiliates |
4 Fakir Apparels Limited 4 Fakir Knitwear
Limited 4 Zaman Packaging
Limited 4 Knitobo
Knitwear 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.54.28 |
|
UK Pound |
1 |
Rs.82.06 |
|
Euro |
1 |
Rs.70.23 |
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.