|
Report No. : |
349981 |
|
Report Date : |
25.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
COTTON
CLUB (BD) LTD. |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
26.05.2006 |
|
|
|
|
Com. Reg. No.: |
C-52418 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacturer, Dyeing Embroidery and Exporter of T-Shirts, Polo Shirts, Pullovers, Dyeing, Embroidery,
Printing. |
|
|
|
|
No. of Employees : |
4720 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
||
|
Correct company Name |
: |
Cotton Club (Bd)
Ltd. |
|
Head Office |
: |
Siaam Tower (Level 8th , 9th & 10th),
Plot #15, Sector # 3, Uttara, Dhaka-1230, Bangladesh |
|
Tel No |
: |
88-02-8931292, 8932431, 8955000-2, 8955004 |
|
Fax No |
: |
88-02-8955005 |
|
E-mail |
: |
commercial@mondol.net, hr@mondol.net |
|
Website |
: |
www.mondol.net |
|
Date/ Year of Incorporation |
: |
26.05.2006 |
|
Incorporation No. |
: |
C-52418 |
|
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’ 13~June’ 14 |
BDT 531 Million |
BDT 432.75 Million |
BDT 11.80 Million |
|
July’ 14~June’ 15 |
BDT 891 Million |
BDT 451.50 Million |
BDT 49.89 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 |
|
|
Information Parted By |
||
|
|
|
|
|
Name |
: |
Mr. Md. Shahadat Hossain |
|
Designation |
: |
Manager
(Commercial) |
|
Contract No |
: |
88-01713257475 |
|
Locations Details |
||
|
Operating Address |
: |
Siaam Tower (Level 8th , 9th & 10th), Plot #15, Sector # 3, Uttara, Dhaka-1230, Bangladesh |
|
Tel No |
: |
88-02-8931292, 8932431, 8955000-2, 8955004 |
|
E-mail |
: |
88-02-8955005 |
|
Fax No |
: |
commercial@mondol.net, hr@mondol.net |
|
Website |
: |
www.mondol.net |
|
Location : |
: Owned |
|
|
Rented |
Ö |
|
Leased |
|
Area |
3500 |
Sq. ft. |
|
Type of Office : |
:
Commercial Office Bldg. |
|
|
Semi-commercial
office Bldg. |
|
|
|
Retail shop |
|
|
Industrial Park |
|
|
|
|
Business Center |
|
|
Home Office |
|
|
|
|
Residential Bldg. |
Ö |
|
|
|
|
|
|
Factory: |
|
|
|
Address |
: |
Jarun (South), Kashimpur Gazipur,
Bangladesh. |
|
Tel No |
: |
88-02-9298645-7, 9298733 |
|
Fax No |
: |
N/A |
|
Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
1,60,800 |
Sq. ft. |
|
Branches: |
|
|
|
Address |
: |
Plot # 14, Block # C, Avenue-2, Mirpur, Dhaka-1216, Bangladesh |
|
Tel No |
: |
88-02-9813684 |
|
Fax No |
: |
N/A |
|
Employee: |
|
|||||||
|
|
|
|||||||
|
No. of Employees |
In Office |
: |
55 |
In Factory |
: |
4665 |
||
|
In Branch: |
: |
- |
Total |
: |
4720 |
|||
|
Details: |
|
|
|
|||||
OWNERSHIP/SHAREHOLDERS |
|
|
Names of Shareholders |
No. of
Share |
|
Haj Abdul Majid Mondol |
9000 |
|
Mr. Abdul Momin Mondol
|
9000 |
|
Mr. Abdul Alim Mondol
|
9000 |
|
Mr. Md. Zubayer Mondol
|
9000 |
|
Mr. Haji Md. Abdul Mannan
Mondol
|
9000 |
DIRECTORS |
|
|
Name |
Designation |
|
Haji Abdul Majid Mondol |
Chairman |
|
Mr. Abdul Momin Mondol |
Managing Director |
|
Mr. Abdul Alim Mondol |
Director |
|
Mr. Khandakar Faroque
Quiser
|
Director |
|
Mr. Haji Abdul Motaleb |
Director |
MANAGEMENT |
||
|
Name |
: |
Mr. Md. Shahadat Hossain |
|
Job Description |
: |
Manager
(Commercial) |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
88-01713257475 |
|
Other details |
: |
N/A |
|
|
|
|
|
Name |
: |
Mr. Md. Waliul Islam Tawhid |
|
Job Description |
: |
Officer (Commercial) |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
N/A |
|
Other details |
: |
88-01713016018 |
|
|
|
|
|
Name |
: |
Mr. Md. Saiful Islam |
|
Job Description |
: |
Manager (HR &
Compliance) |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
saiful@cclbd.com |
|
Other details |
: |
N/A |
|
Nature of Activity : |
Manufacturer |
Ö |
Dyeing |
Ö |
Embroidery |
Ö |
Distributor |
|
|
|
|
|||||||
|
|
Exporter |
Ö |
Importer |
|
Printing |
Ö |
Others |
|
|
Range of
Products: |
||
|
|
||
|
Products |
: |
T-Shirts, Polo Shirts, Pullovers, Dyeing,
Embroidery, Printing. |
|
Production Capacity |
: |
1000000 Doz. Per. Year |
|
Last Year
Production |
: |
Do |
Trading Terms:
|
Purchasing Terms: |
L/C |
Ö |
Cash |
|
Others |
|
|
|||
|
|
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 |
: |
OVS Kappahi Women’s Secret Leading Lady Trinova Wolf |
Local Clients |
: |
N/A |
|
||
|
Overseas Suppliers |
: |
N/A |
Local Suppliers |
: |
N/A |
|
||||
|
Trade Markets |
: |
Exports |
: |
Europe, USA, Canada |
|
|||||
|
Imports |
: |
China, India |
|
|||||||
|
Brand Name |
: |
N/A |
||||||||
|
Certified |
: |
N/A |
||||||||
|
Auditors |
: |
N/A |
||||||||
|
Operation Status |
: |
Active |
||||||||
|
Member |
: |
Bangladesh Garments Manufacturer &
Exporters Association Bangladesh Knitwear Manufacturer &
Exporters Association |
||||||||
|
Authorized
Capital |
: |
BDT 33, 00,00,000 |
|
||||
|
Paid-up Capital |
: |
BDT 4, 50,00,000 |
No. of Shares |
: |
45000 |
Share Value : BDT 1000.00Each |
|
|
Main Assets |
: |
BDT 451.50 Million |
|
||||
|
The subject company don’t submit update full
financial figure to local registry office. |
|
Sister Concerns |
: |
Titan Fabrics Ltd. Mondol Yarn Ltd. Alim Knit Bd Ltd Alim Knit BD Ltd Mark Sweater Ltd. Montrims Limited
Montex fabrics Ltd. Mondol Textile Ltd. Mondol Fabrics Ltd. Mondol Fashion Ltd. Appolo Fashions Ltd Mondol Apparels Ltd. Mondol Intimates Ltd Cotton Field (BD) Ltd. Mondol
Securities Ltd Mondol Knit Wears Ltd. Mondol Yarn Dying Ltd Montrms Accessories Ltd Mondol Knit Composite Ltd. |
|
Subsidiary |
: |
N/A |
|
Name of The Group |
: |
Mondol Group of Industry |
|
Bank Name
|
: |
Prime Bank Ltd. |
|
Bank Address |
: |
Motijheel Branch Adamjee Court Annexe Building -2,119-120, Motijheel C/A, Dhaka-1000, Bangladesh Tel: 88-02-7175491-2, 9567225, 9562982 Fax: 88-02-9567223 |
|
|
||
|
Bank Name
|
: |
United Commercial
Bank Ltd. |
|
Bank Address |
: |
Uttara Branch Paradise Tower (Ground to 2nd
Floor) Plot # 11, Sector # 3, Uttara Dhaka Mymensingh
Road, Dhaka City Corporation, Dhaka, Bangladesh Tel: 88-02-8956979 Fax: 88-02-8920450, 8953813 |
|
Dishonored Checks |
:
|
No Record Found |
|
Debt |
: |
No Record Found |
|
Litigation |
: |
Clear |
|
Performance Defaults |
: |
No Record Found |
|
Adverse Local Media Coverage/ Adverse Filling History |
: |
No Record Found |
|
Our representative visited the subject company address which is
situated Siaam Tower (Level 8th , 9th
& 10th), Plot # 15, Sector # 3, Uttara,
Dhaka-1230, Bangladesh. It is situated at Residential area. |
|
The subject company is engaged in manufacturer, Dyeing, Embroidery
Printing & Exporter. It is reputed company in this line of business. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.35 |
|
|
1 |
Rs.100.66 |
|
Euro |
1 |
Rs.70.47 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.