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Report No. : |
316915 |
|
Report Date : |
16.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
MON TRIMS LTD |
|
|
|
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Registered Office : |
Siaam Tower (Level-9th &10th), Plot #15, Sector #3, Dhaka-1230,
Uttara, Dhaka-1230 |
|
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Country : |
Bangladesh |
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Date of Incorporation : |
03.07.2003 |
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|
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Com. Reg. No.: |
C-49750 |
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Legal Form : |
Private Company |
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|
|
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Line of Business : |
Manufacturer and Distributor
of Garments Accessories. |
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|
|
|
No. of Employees : |
2500 |
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 : |
No Complaints |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Bangladesh |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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, accounted for more
than 80% of total exports and surpassed $18 billion in 2014. 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 $14 billion and 8% of GDP in 2014 -
are the largest contributors to Bangladesh’s current account surplus and rising
foreign exchange holdings.
|
Source
: CIA |
|
IDENTIFICATION DETAILS |
||
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|
||
|
Correct company Name |
: |
Mon Trims Ltd |
|
Head Office |
: |
Siaam Tower (Level-9th &10th), Plot #15, Sector #3, Dhaka-1230, Uttara, Dhaka-1230, Bangladesh |
|
Tel No |
: |
88-02-8955000-4 |
|
Fax No |
: |
88-02-8955005 |
|
E-mail |
: |
hr@montrims.com, montrims@mondol.net ,
info@montrims.com |
|
Website |
: |
www.montrims.com |
|
Date/ Year of Incorporation |
: |
03/07/2003 |
|
Incorporation No. |
: |
C-49750 |
|
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) |
|
Year |
Turnover/
Sales |
Assets |
Income |
|
July’ 12~June’
13 |
BDT 410 Million |
BDT
262.50 Million |
BDT 21.64 Million |
|
July’ 13~June’
14 |
BDT 497 Million |
BDT 286.23 Million |
BDT 34.98 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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|
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Name |
: |
Mr. Md. Anwar Hossain |
|
Designation |
: |
Officer (Admin) |
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Contract No |
: |
N/A |
|
Locations Details |
||
|
Operating Address |
: |
Siaam Tower (Level-9th &10th), Plot #15, Sector #3, Dhaka-1230, Uttara, Dhaka-1230, Bangladesh |
|
Tel No |
: |
88-02-8955000-4 |
|
Fax No |
: |
88-02-8955005 |
|
E-mail |
: |
hr@montrims.com, montrims@mondol.net ,
info@montrims.com |
|
Website |
: |
www.montrims.com |
|
Location : |
: Owned |
|
Rented |
Ö |
|
Leased |
|
Area |
4500 |
Sq. ft. |
|
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. |
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Factory: |
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Address |
: |
Mouchak, Kaliakoir, Gazipur-1751,
Bangladesh |
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Tel No |
: |
88-02-9298508-12 |
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Fax No |
: |
88-02-9298372 |
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Owned |
Ö |
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Rented |
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Leased |
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Area |
18.5 |
Acores |
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Branches: |
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Address |
: |
Nil |
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Tel No |
: |
Nil |
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Fax No |
: |
Nil |
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Employee: |
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|||||||
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No. of Employees |
In Office |
: |
85 |
In Factory |
: |
2415 |
||
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In Branch: |
: |
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Total |
: |
2500 |
|||
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Details: |
|
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|||||
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Names of Shareholders |
No. of
Share |
|
Al-Haj Abdul Mozid Mondol |
10000 |
|
Mr. Abdul Momin Mondol |
10000 |
|
Mr. Abdul Alim Mondol |
10000 |
|
Mr. Asadur Rahman Sikder |
10000 |
|
Name |
Designation |
|
Al- Haj Abdul Majid Mondol
|
Chairman |
|
Mr. Abdul Momin Mondo |
Managing Director |
|
Mr. Asadur Rahman Sikder |
Director |
|
Mr. Abdul Alim Mondol- Director |
Director |
|
Name |
: |
Mr. Md. Anwar Hossain |
|
Job Description |
: |
officer (Admin) |
|
Nationality |
: |
Bangladeshi |
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Email address |
: |
N/A |
|
Other details |
: |
N/A |
|
|
|
|
|
Name |
: |
Mr. Khobir Uddin |
|
Job Description |
: |
Officer (Accounts) |
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Nationality |
: |
Bangladeshi |
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Email address |
: |
N/A |
|
Other details |
: |
N/A |
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Nature of Activity : |
Manufacturer |
Ö |
Trader |
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Dealer |
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Distributor |
Ö |
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|||||||
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Exporter |
Ö |
Importer |
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Services |
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Others |
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Range of
Products: |
||
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||
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Products |
: |
Garments Accessories |
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Production Capacity |
: |
N/A |
|
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 |
Ö |
Cash |
|
Others |
|
|
|||
|
|
Credit : |
|
30 days |
|
60 days |
Ö |
90 days |
|
|
days |
|
Trade Reference
& Related Parties |
: |
Overseas Clients |
: |
Kick, Next, Matalan, UL, Tesco, C&A, Greenland, Herod, Summer,
Woolworth, Terranova, Hbc, Ferrari, H&M, Braiform, etc |
Local Clients |
: |
Local garments |
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||
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Overseas Suppliers |
: |
N/A |
Local Suppliers |
: |
N/A |
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||||
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Trade Markets |
: |
Exports |
: |
Europe |
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|||||
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Imports |
: |
China, India, Taiwan |
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|||||||
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Brand Name |
: |
Nil |
||||||||
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Certified |
: |
Nil |
||||||||
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Auditors |
: |
N/A |
||||||||
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Operation Status |
: |
Active |
||||||||
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Member |
: |
N/A |
||||||||
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Authorized
Capital |
: |
BDT 150 Million |
|
||||||
|
Paid-up Capital |
: |
BDT 4000000 |
No. of Shares |
: |
40000 |
Share
Value |
: |
BDT 100.00Each |
|
|
Main Assets |
: |
BDT 286.23 Million |
|
||||||
The subject company don’t submit update
financial figure to local registry office.
|
Sister Concerns |
: |
Mark Sweater Ltd. Mondol Textiles Mondol Fabrics Ltd Mondol Textile Ltd Montex Fabrics Ltd. Appollo Fashion Ltd. Mondol Fashion Ltd. Mondol Apparels Ltd Mondol Knit Tex Ltd Cotton Field (BD) Ltd. Cotton Club (BD) Ltd. Cotton Concern (BD) Ltd. Montrms Accessories Ltd. |
|
Subsidiary |
: |
N/A |
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Name of The Group |
: |
Mondol Group |
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Bank Name
|
: |
Prime Bank Ltd. |
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Bank Address |
: |
Motijheel Branch, Adamjee Court Annexe Building -2, 119-120,
Motijheel C/A, Dhaka-1000 Phone: 88-02- 9567225, 9562982 Fa:88-02-9567223
|
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||
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Bank Name
|
: |
Janata Bank Ltd.
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Bank Address |
: |
Local office, Motijheel C/A, Dhaka |
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Dishonored Checks |
:
|
No Record Found |
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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 |
|
Our representative visited the subject company Head Office which is situated
at Siaam Tower (Level-9th &10th), Plot #15, Sector #3, Dhaka-1230,
Uttara, Dhaka-1230, Bangladesh. It is situated at commercial area & their
office is well environment in this line of business. |
|
The subject company is a well-known reputed company in Bangladesh.
Their products popular to the local customers. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.40 |
|
|
1 |
Rs.92.15 |
|
Euro |
1 |
Rs.66.48 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIT |
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.