MIRA INFORM REPORT
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Report No. : |
332016 |
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Report Date : |
20.07.2015 |
IDENTIFICATION DETAILS
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Name : |
FRENCH FASHIONS KNITTING PVT. LTD |
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Registered Office : |
Plot # 117, 125 & 126, Adamjee EPZ, Siddhirgonj, Narayangonj-1431 |
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Country : |
Bangladesh
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Date of Incorporation : |
22.07.2009 |
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Legal Form : |
Private Company |
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Line of Business : |
Manufacturer and Exporter of Polo Shirts, Cardigans |
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No. of Employees : |
200 |
RATING & COMMENTS
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MIRA’s Rating : |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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Maximum Credit Limit : |
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Status : |
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Payment Behaviour : |
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Litigation : |
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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 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
- ECONOMIC OVERVIEW
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Source
: CIA |
IDENTIFICATION DETAILS
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Correct company Name |
: |
FRENCH FASHIONS KNITTING PVT. LTD |
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Head Office |
: |
Plot # 117, 125 & 126, Adamjee EPZ, Siddhirgonj, Narayangonj-1431,
Bangladesh. |
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Tel No |
: |
88-02-7691536, 7692311-2 |
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Fax No |
: |
88-02-7692313 |
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E-mail |
: |
info@ffk.com.bd |
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Website |
: |
www.frenchfashionsknitting.com |
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Date/ Year of Incorporation |
: |
22.07.2009 |
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Incorporation No. |
: |
C-78751 |
|
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)
________________ |
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Issuing Authority |
: |
Registrar of
Joint Stock Companies & Firms City Corporation Municipal Administration Union Council Cantonment Board Chief Controller of Import & Export (CCIE) |
FINANCIALS- SUMMARY
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|||
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Year |
Turnover/
Sales |
Assets |
Income |
|
July’ 12~June’
13 |
BDT 180 Million |
BDT
14.20 Million |
BDT
6.87 Million |
|
July’ 13~June’
14 |
BDT
215 Million |
BDT
21.75 Million |
BDT
9.67 Million |
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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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FULLCHECK
REPORT DETAILS
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Information Parted By |
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Name |
: |
Mr. Aminur Rahman |
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Designation |
: |
General Manager |
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Contract No |
: |
N/A |
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Locations
Details |
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Operating Address |
: |
Plot # 117, 125 & 126, Adamjee EPZ, Siddhirgonj, Narayangonj-1431,
Bangladesh. |
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Tel No |
: |
88-02-7691536, 7692311-2 |
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Fax No |
: |
88-02-7692313 |
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E-mail |
: |
info@ffk.com.bd |
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Website |
: |
www.frenchfashionsknitting.com |
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Location : |
: Owned |
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Rented |
Ö |
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Leased |
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Area |
2400 |
Sq. ft. |
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Type of Office : |
:
Commercial Office Bldg. |
Ö |
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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 |
: |
Plot # 117, 125 & 126, Adamjee EPZ, Siddhirgonj, Narayangonj-1431, Bangladesh. |
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Tel No |
: |
Nil |
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Fax No |
: |
Nil |
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Owned |
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Rented |
Ö |
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Leased |
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Area |
18000 |
Sq. ft. |
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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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No. of Employees |
In Office |
: |
15 |
In Factory |
: |
185 |
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In Branch: |
: |
- |
Total |
: |
200 |
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Details: |
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OWNERSHIP/SHAREHOLDERS
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Names of Shareholders |
No. of
Share |
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Mr. Pierre Gros |
1 |
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Mrs. Marie-pierre Gros |
1 |
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Mr. Renaud Chauvin |
1 |
|
Montagut Far East Ltd. (Representative by Mr. Pierre Gros) |
9996 |
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Mr. George Roy |
1 |
DIRECTORS
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Name |
Designation |
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Mr. George Roy |
Managing Director |
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Mr. Pierre Gros |
Director |
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Mrs. Marie-pierre Gros |
Director |
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Mr. Renaud Chauvin |
Director |
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Mr. Pierre Gros |
Director |
MANAGEMENT
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Name |
: |
Mr. Aminur Rahman |
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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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Name |
: |
Mr. Mohammad Zabed Zulfiqur |
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Job Description |
: |
Head of Accounts & Finance |
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Nationality |
: |
Bangladeshi. |
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Email address |
: |
N/A |
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Other details |
: |
N/A |
BUSINESS
OPERATIONS
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Nature of Activity : |
Manufacturer |
Ö |
Trader |
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Dealer |
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Distributor |
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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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Products |
: |
Polo Shirts, Cardigans. |
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Production Capacity |
: |
N/A |
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Last Year
Production |
: |
N/A |
Trading Terms:
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Purchasing Terms: |
L/C |
Ö |
Cash |
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Others |
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Credit : |
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30 days |
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60 days |
Ö |
90 days |
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days |
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Selling Terms : |
L/C |
Ö |
Cash |
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Others |
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Credit : |
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30 days |
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60 days |
Ö |
90 days |
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days |
DETAILED
DATA
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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 |
: |
Europe |
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Imports |
: |
China, India. |
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Brand Name |
: |
N/A |
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Certified |
: |
N/A |
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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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CAPITAL STRUCTURE
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Authorized
Capital |
: |
BDT
30 Million |
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Paid-up Capital |
: |
BDT
10, 00,000 |
No. of Shares |
: |
10, 000 |
Share
Value |
: |
BDT 100.00 Each |
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Main Assets |
: |
BDT
21.75 Million |
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FINANCIAL
STATEMENT- DETAILED
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The subject company don’t submit update full
financial figure to local registry office. |
ASSOCIARES/SUBSIDIARIES/RELATED
PARTIES
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Sister Concerns |
: |
Nil |
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Subsidiary |
: |
Nil |
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Name of The Group |
: |
Nil |
BANKING
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Bank Name
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: |
Standard
Chartered Bank |
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Bank Address |
: |
Motijheel Branch. City Centre, Plot 5/A, Motijheel C/A |
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Bank Name
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: |
Hong Kong Shanghai Banking Corporation |
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Bank Address |
: |
Dhaka Main Office Anchor Tower, 108, Bir Uttam C R Dutta
Road, Dhaka - 1205 Tel: 88-02-9660536-43 Fax: 8802- 9660554, 9669457 |
ADVERSE
DATA MONITORING
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Dishonored Checks |
:
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No Record Found |
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Debt |
: |
No Record Found |
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Litigation |
: |
Clear |
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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 address at Plot # 117,
125 & 126, Adamjee EPZ, Siddhirgonj, Narayangonj-1431, Bangladesh. Its
office is decorated by modern furniture. |
GENERAL
COMMENTS
|
|
Subject is mainly engaged in Manufacturer & Exporter. The subject
company maintains acceptable business volume. Based on the financial
statements, SC’s financial performance appears to be average |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.49 |
|
|
1 |
Rs.99.43 |
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Euro |
1 |
Rs.69.14 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
TPT |
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.