|
Report Date : |
03.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
GOUS FASHION INDUSTRIES LIMITED |
|
|
|
|
Registered Office : |
Liss Tower, 1388 CDA Avenue, East Nasirabad , Chittagong |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
18.11.2006 |
|
|
|
|
Com. Reg. No.: |
CH-4316 |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Manufacturer & Exporter of Ready-made
Knitwear |
|
|
|
|
No. of Employees : |
850 |
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
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 |
GOUS FASHION INDUSTRIES LIMITED |
|
Address |
Plot # A (6&7), Block - B, BSCIC, 1/A, Sagorika Road, Pahartali,
Chittagong |
|
Country |
Bangladesh |
|
Telephone No |
880-31-2550257,
656191 |
|
Fax No |
880-31-656743 |
|
E-Mail |
|
|
Website |
|
|
Established |
2006 |
|
Company Registration No |
CH-4316 |
|
Registration date |
18th
November 2006 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of joint Stock Companies, Chittagong |
|
Business Type |
Manufacturer & Exporter |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
|
Head Office |
Liss Tower, 1388 CDA Avenue, East Nasirabad , Chittagong |
|
Telephone No |
880-31-2550257,
656191 |
|
Fax No |
880-31-656743 |
|
E-Mail |
|
|
Website |
|
|
Sales Office |
NIL |
|
Factory |
Plot # A
(6&7), Block - B, BSCIC, 1/A, Sagorika Road, Pahartali, Chittagong |
|
Factory Telephone No |
NIL |
|
Factory Fax No |
NIL |
|
Warehouse |
Plot # A
(6&7), Block - B, BSCIC, 1/A, Sagorika Road, Pahartali, Chittagong |
|
Name |
Mr. M. Hamidul
Haque |
|
Designation |
Chairman |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. M.
Habibullah |
|
Designation |
Managing
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mrs. Aklimun
Nessa |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
Name |
Mr. M. Hamidul
Haque |
|
Share Percent |
40% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. M.
Habibullah |
|
Share Percent |
40% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mrs. Aklimun
Nessa |
|
Share Percent |
20% |
|
Nationality |
Bangladeshi |
|
Line of Business |
Manufacturer & Exporter |
|
Items Dealing In |
Ready-made
Knitwear |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Export: Against L/C |
|
Name |
NCC Bank Limited |
|
Branch |
Agrabad Branch
|
|
Address |
Agrabad Commercial Area, Chittagong |
|
SWIFT |
N/A |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.36 million |
Tk.34 million |
Tk.34 million |
|
Turnover |
Tk.325 million |
Tk.324.6 million |
Tk.324 million |
|
Liability |
Tk.6.8 million |
Tk.7.4 million |
Tk.8 million |
|
Assets |
Tk.48 million |
Tk.46 million |
Tk.46 million |
|
Authorized
Capital |
Tk.10 million |
|
Paid Up Capital |
Tk.150,00.00 |
|
Each Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
120.8148 |
|
U.S Dollar |
1 |
77.9400 |
|
European Euro |
1 |
102.1014 |
|
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 |
850 |
|
Office Area (Sq.
Ft) |
1,700 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
45,000 sq.ft (rented) |
|
Warehouse Area
(Sq. Ft) |
4,900 sq.ft.(own |
|
Range of
Products |
4 Jackets 4 Skirts 4 Trousers |
|
Export
Market |
4 H &
M, Germany 4 C & A, USA 4 ASDA,
UK 4 Marks & Spenser, USA 4
Oxford, USA |
|
Fabrics &
Accessories |
4 Hong Kong 4 China 4 Thailand 4 Local Sources 4 Pakistan 4 India |
|
Certification |
NIL |
|
Group Name |
4 Liss Group |
|
Subsidiaries /
Affiliates |
4 Liss
Wear International Ltd 4 Gous
Garments Industries Ltd 4 Gous
Apparel Industries Ltd 4 Padma
Wears Ltd 4 Gous
Fashion Industries Ltd 4 Liss Sand
& Chemical Washing Ltd 4 Summit
Carriers Ltd 4 Liss
Washing Industries Ltd |
|
Member |
4
Bangladesh Garments Manufacturers & Exporters Association, 4 Chittagong Chamber of Commerce
& Industries, Chittagong |
|
Business Scale |
Fairly Large |
|
Business Trend |
Growing |
|
Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.53.73 |
|
UK Pound |
1 |
Rs.83.54 |
|
Euro |
1 |
Rs.70.71 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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.