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Report Date : |
19.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
PAKIZA DYEING AND PRINTING INDUSTRIES LTD |
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Registered Office : |
House # 97, Road # 11/A, Dhanmondi R/A, |
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Country : |
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Date of Incorporation : |
19.01.1984 |
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Com. Reg. No.: |
C11972 |
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Legal Form : |
Private Company |
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Line of Business : |
Engaged in Dyeing, Printing and Finishing Saree, 3 Piece, Dress
Materials, Voil, Poplin, Bedsheets & Shirting. |
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|
|
No of Employees : |
1000 (50 in Office & 950 in Factory) |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Bangladesh |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
BanglaDESH ECONOMIC OVERVIEW
Bangladesh's economy has grown roughly 6% per year since 1996 despite political instability, poor infrastructure, corruption, insufficient power supplies, slow implementation of economic reforms, and the 2008-09 global financial crisis and recession. Although more than half of GDP is generated through the service sector, almost half of Bangladeshis are employed in the agriculture sector with rice as the single-most-important product. Garment exports, the backbone of Bangladesh’s industrial sector and 80% of total exports, surpassed $21 billion last year, 18% of GDP. The sector has remained resilient in recent years amidst a series of factory accidents that have killed over 1,000 workers and crippling strikes that shut down virtually all economic activity. Steady garment export growth combined with remittances from overseas Bangladeshis, which totaled almost $15 billion and 13% of GDP IN 2013, are the largest contributors to Bangladesh’s current account surplus and record foreign exchange holdings.
|
Source : CIA |
IDENTIFICATION DETAILS
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Correct
company Name |
: |
Pakiza Dyeing and
Printing Industries Ltd |
|
Head
Office |
: |
House # 97, Road # 11/A, Dhanmondi R/A, Dhaka- 1209,
Bangladesh |
|
Tel
No |
: |
88-02-9123626, 8157346 |
|
Fax
No |
: |
88-02-8142419 |
|
E-mail |
: |
|
|
Website |
: |
|
|
Year
of Incorporation |
: |
19.01.1984 |
|
Incorporation No. |
: |
C11972 |
|
Legal
Form (General) |
: |
Public Listed Co Public (but not listed) Private Co
State-owned Co Sole
Proprietorships Partnership Not
Registered others (please specify) ________________ |
|
Legal
form (Specific) |
: |
LTD CORP
INC CO
others (please specify) ________________ |
|
Issuing
Authority |
: |
Registrar
of Joint Stock Companies & Firms City
Corporation Municipal Administration Union Council Cantonment Board Chief Controller of Import & Export (CCIE) |
FINANCIALS- SUMMARY
|
|||
|
Year |
Turnover/ Sales |
Assets |
Income |
|
July’ 12~June’ 13 |
BDT 2848.65 Million |
BDT 347.65 Million |
BDT 128.18 Million |
|
July’ 13~June’ 14 |
BDT 3690.50 Million |
BDT 326.52 Million |
BDT 166.07 Million |
|
Exchange Rate |
USD1-Tk. 77.8200 EUR 1-
Tk. 100.2711 GBP 1-
Tk.118.5354 AUD 1 -
Tk.82.8563 JPY 1 -
Tk.0.9286 |
CAD 1 -
Tk.80.1887 SEK 1 -
Tk.12.2870 SGD 1 -
Tk.65.3045 CNH 1 -
Tk.12.8399 |
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Information
Parted By
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Name |
: |
Mr. Md. Masrul Arifin |
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Designation |
: |
Senior Executive |
Locations Details
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Operating
Address |
: |
House # 97, Road # 11/A, Dhanmondi R/A, Dhaka- 1209,
Bangladesh
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Tel
No |
: |
88-02-9123626, 8157346 |
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Fax
No |
: |
88-02-8142419 |
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E-mail |
: |
|
|
Website |
: |
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Location : |
: Owned |
|
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Rented |
Ö |
|
Leased |
|
Area |
2400 |
Sq. ft. |
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Type of Office : |
: Commercial Office Bldg. |
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Semi-commercial
office Bldg. |
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Retail shop |
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Industrial Park |
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Business Center |
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Home Office |
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Residential
Bldg. |
Ö |
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Factory: |
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Address |
: |
Chotobali, Meher, Saver, Bangladesh |
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Tel
No |
: |
88-01713036327 |
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Fax
No |
: |
N/A |
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Owned |
Ö |
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Rented |
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Leased |
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Area |
2.5 |
Acores |
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Employee: |
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No.
of Employees |
In
Office |
: |
50 |
In
Factory |
: |
950 |
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In Branch: |
: |
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Total
|
: |
1000 |
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OWNERSHIP/SHAREHOLDERS
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Names of Shareholders |
No. of Share |
|
Mr. Rafiqul Islam
Khan |
1435 |
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Mr.Md. Tafiqul
Islam Khan |
1435 |
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Mrs. Momtaz Begum |
615 |
|
Mrs. Shahid Akhtar |
615 |
DIRECTORS
|
|
|
Name |
Designation |
|
Mr. Rafiqul Islam
Khan |
Managing Director |
|
Mr.Md. Tafiqul
Islam Khan |
Director |
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Mrs. Momtaz Begum |
Director |
|
Mrs. Shahid Akhtar |
Director |
MANAGEMENT
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||
|
Name |
: |
Mr. Md. Masrul Arifin |
|
Job Description |
: |
Senior Executive |
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Nationality |
: |
Bangladeshi |
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Email address |
: |
N/A |
|
Other details |
: |
N/A |
|
|
|
|
|
Name |
: |
Mr. Mostaqur
Rahaman |
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Job Description |
: |
General Manager |
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Nationality |
: |
Bangladeshi |
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Email address |
: |
N/A |
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Other details |
: |
N/A |
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Nature
of Activity : |
Woven Dyeing |
Ö |
Printing |
Ö |
Finishing |
Ö |
Distributor |
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|||||||
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Exporter |
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Importer |
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Services |
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Others |
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Range of Products: |
||
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Products |
: |
Saree, 3 Piece, Dress
Materials, Voil, Poplin, Bedsheets & Shirting. |
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Production
Capacity |
: |
27 million meter fabric per year |
|
Last Year Production |
: |
N/A |
Trading Terms:
|
Purchasing
Terms: |
L/C |
Ö |
Cash |
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Others |
|
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|||
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Credit
: |
|
30
days |
|
60
days |
Ö |
90
days |
|
|
days |
|
Selling
Terms : |
L/C |
|
Cash |
Ö |
Others |
|
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|||
|
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Credit
: |
Ö |
30
days |
|
60
days |
|
90
days |
|
|
days |
DETAILED DATA
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||||||||||
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Trade Reference
& Related Parties |
: |
Overseas Clients |
: |
N/A |
Local Clients |
: |
N/A |
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Overseas Suppliers |
: |
N/A |
Local Suppliers |
: |
N/A |
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Trade Markets |
: |
Exports |
: |
N/A |
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Imports |
: |
Korea, India, China |
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Brand Name |
: |
Nil |
|||||||||
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Certified |
: |
Nil |
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Auditors |
: |
Nil |
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Operation Status |
: |
Active |
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Member |
: |
Bangladesh Textile Mills Association |
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CAPITAL STRUCTURE
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Authorized Capital |
: |
BDT 10 Million |
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||||||
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Paid-up Capital |
: |
BDT 410000 |
No. of Shares |
: |
4100 |
Share Value |
: |
BDT100.00Each |
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Main Assets |
: |
BDT 347.65 Million |
|
||||||
FINANCIAL STATEMENT-
DETAILED
|
|
||
|
The subject company
don’t submit update financial figure to local registry office. |
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ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
|
|||
|
Sister Concerns |
: |
Mom Tex Limited Pakiza Cotton
Spinning Mills Pakiza Spinning
Mills Pakiza Textile Ltd Pakiza Knit
Composite Ltd Pakiza Garden
Textiles (Pvt) Ltd |
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Subsidiary |
: |
N/A |
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Name of The Group |
: |
Pakiza Group |
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Bank Name |
: |
Dutch Bangla Bank
Ltd |
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Bank Address |
: |
Local Office 1, Dilkusha
Commercial Area, Dhaka-1000,
Bangladesh |
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||
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Bank Name |
: |
Prime Bank Ltd |
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Bank Address |
: |
Satmasjid Road
Branch House # 99, Road #
11/A, Dhanmondi R/A, Dhaka-1209,
Bangladesh Phone:
88-02-9122374, 8124258 Fax: 88-02-8121652 |
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Dishonored
Checks |
: |
No Record
Found |
|
Debt |
: |
No Record Found |
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Litigation |
: |
Clear |
|
Performance
Defaults |
: |
No Record Found |
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Adverse Local Media Coverage/ Adverse Filling History |
: |
No Record Found |
SITE VISIT COMMENTARY
|
|
Our representative
visited the subject company Head Office which is situated at House # 97, Road # 11/A, Dhanmondi R/A, Dhaka-
1209, Bangladesh. It is situated at residential area & their office is
well decorated.
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GENERAL COMMENTS
|
|
SC is considered medium-sized in its line with fairly stable financial
conditions. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.32 |
|
UK Pound |
1 |
Rs.98.68 |
|
Euro |
1 |
Rs.78.11 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.