|
Report No. : |
345432 |
|
Report Date : |
17.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
KDS GARMENT INDUSTRIES LTD. |
|
|
|
|
Registered Office : |
255, Nasirabad I/A, Baizid Bostami Road, Chittagong-4211 |
|
|
|
|
Country : |
Bangladesh
|
|
|
|
|
Date of Incorporation : |
17.02.1983 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacturer and Exporter of Shirts, Jackets, T-Shirts. |
|
|
|
|
No. of Employees : |
2012 |
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 |
: |
KDS GARMENT INDUSTRIES LTD. |
|
Head Office |
: |
255, Nasirabad I/A, Baizid Bostami Road, Chittagong-4211, Bangladesh. |
|
Tel No |
: |
88-031-681240-4, 682474-8 |
|
Fax No |
: |
88-031-681398, 682836 |
|
E-mail |
: |
info@kdsgroup.net, garment@kdsgroup.net |
|
Website |
: |
www.kdsgroup.net |
|
Date/ Year of Incorporation |
: |
17.02.1983 |
|
Incorporation No. |
: |
CH-10536 |
|
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’ 13~June’
14 |
BDT 410 Million |
BDT 2291.63 Million |
BDT 22.14 Million |
|
July’ 14~June’
15 |
BDT 459 Million |
BDT 2321.50 Million |
BDT 25.24 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 |
|
FULLCHECK
REPORT DETAILS
|
||
|
Information Parted By |
||
|
|
|
|
|
Name |
: |
Mr. Rezaul Hasan |
|
Designation |
: |
Manager
(Commercial) |
|
Contract No |
: |
Rezaul.hasan@kdsgroup.net |
|
Locations Details |
||
|
|
||
|
Operating Address |
: |
255, Nasirabad I/A, Baizid Bostami Road, Chittagong-4211, Bangladesh. |
|
Tel No |
: |
88-031-681240-4, 682474-8 |
|
Fax No |
: |
88-031-681398, 682836 |
|
E-mail |
: |
info@kdsgroup.net, garment@kdsgroup.net |
|
Website |
: |
www.kdsgroup.net |
|
Location : |
: Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
5200 |
Sq. ft. |
|
Type of Office : |
:
Commercial Office Bldg. |
|
|
Semi-commercial
office Bldg. |
|
|
|
Retail shop |
|
|
Industrial Park |
Ö |
|
|
|
Business Center |
|
|
Home Office |
|
|
|
|
Residential Bldg. |
|
|
|
|
|
|
Factory: |
|
|
|
|
|
|
|
Address |
: |
255, Nasirabad I/A, Chittagong-4211,
Bangladesh.
|
|
Tel No |
: |
88-031-681240-4(245) |
|
Fax No |
: |
Nil |
|
Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
120000 |
Sq. ft. |
|
Branches: |
|
|
|
|
|
|
|
Address |
: |
House # 63, Road # 04, Block # C, Banani,
Dhaka-1213, Bangladesh. |
|
Tel No |
: |
88-02-9883279, 8821722 |
|
Fax No |
: |
88-02-8825218 |
|
Employee: |
|
|||||||
|
|
|
|||||||
|
No. of Employees |
In Office |
: |
38 |
In Factory |
: |
1974 |
||
|
In Branch: |
: |
- |
Total |
: |
2012 |
|||
|
Details: |
|
|
|
|||||
OWNERSHIP/SHAREHOLDERS
|
|
|
Names of Shareholders |
No. of
Share |
|
Mr. Alhaj Khalilur Rahman |
1512743 |
|
Mr. Salim Rahman |
1503957 |
DIRECTORS
|
|
|
Name |
Designation |
|
Mr. Alhaj Khalilur Rahman |
Chairman |
|
Mr. Salim Rahman |
Managing Director |
MANAGEMENT
|
||
|
Name |
: |
Mr. Rezaul Hasan |
|
Job Description |
: |
Manager
(Commercial) |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
Rezaul.hasan@kdsgroup.net |
|
Other details |
: |
N/A |
|
|
|
|
BUSINESS
OPERATIONS
|
||||||||
|
Nature of Activity : |
Manufacturer |
Ö |
Trader |
|
Dealer |
|
Distributor |
|
|
|
|
|||||||
|
|
Exporter |
Ö |
Importer |
|
Services |
|
Others |
|
|
Range of
Products: |
||
|
|
||
|
Products |
: |
Shirts, Jackets, T-Shirts. |
|
Production Capacity |
: |
80,000 Doz. per Day. |
|
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 |
DETAILED
DATA
|
|
|||||||||
|
Trade Reference
& Related Parties |
: |
Overseas Clients |
: |
Target Wal mart Globe trotter K-mart Fila |
Local Clients |
: |
N/A |
|
||
|
Overseas Suppliers |
: |
N/A |
Local Suppliers |
: |
N/A |
|
||||
|
Trade Markets |
: |
Exports |
: |
Europe |
|
|||||
|
Imports |
: |
China, India, Thailand. |
|
|||||||
|
Brand Name |
: |
N/A |
||||||||
|
Certified |
: |
N/A |
||||||||
|
Auditors |
: |
N/A |
||||||||
|
Operation Status |
: |
Active. |
||||||||
|
Member |
: |
Bangladesh Garments Manufacturer &
Exporters Association. |
||||||||
|
|
|
|
||||||||
CAPITAL STRUCTURE
|
|
||||||
|
Authorized
Capital |
: |
BDT 500 Million |
|
||||
|
Paid-up Capital |
: |
BDT
301670000 |
No. of Shares |
: |
3016700 |
Share
Value :BDT100.00Each |
|
|
Main Assets |
: |
BDT 2321.50 Million |
|
||||
FINANCIAL
STATEMENT- DETAILED
|
|
The subject company don’t submit update full
financial figure to local registry office. |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
|
||
|
Sister Concerns |
: |
KY Steel Ltd KIY Steel Ltd KDS Fashion Ltd. SKYS Securities National Bank Ltd HN Garments Ltd AKY Tinplate Ltd KDS Apparels Ltd KDS Technologies K.Y. Steel Mills Ltd Progoti Insurance Ltd Steel Accessories Ltd. Rahman CNG Co Ltd KDS Textile Mills Ltd Northern Insurance Ltd KDS Spinning Mills Ltd. Al Arafa Islami Bank Ltd KY Tinplate Company Ltd KDS Re-Rolling Mills Ltd Allied Express Shipping Ltd K. Y. C. R. Coil Industries Ltd
KDS Hi-Tech Garments (BD) Ltd |
|
Subsidiary |
: |
N/A |
|
Name of The Group |
: |
KDS Group. |
BANKING
|
|
|
|
Bank Name
|
: |
Standard Bank
Ltd. |
|
Bank Address |
: |
Asadganj Branch Ram Joy Mahajan Lane, P.O.-G.P.O
Chittagong, P.S.-Kotwali, Chittagong-4000, Bangladesh Tel: 88-031-637728 |
|
Bank Name
|
: |
Agrani Bank Ltd.
|
|
Bank Address |
: |
Asadganj Branch Ram Joy Mahajan Lane, P.O.-G.P.O
Chittagong, P.S.-Kotwali, Chittagong-4000, Bangladesh Tel: 88-031-637728 |
|
Bank Name
|
: |
One Bank Ltd. |
|
Bank Address |
: |
Asadganj Branch, Ram Joy Mahajan Lane, P.O.-G.P.O Chittagong,
P.S.-Kotwali, Chittagong-4000, Bangladesh Tel: 88-031-637728 |
ADVERSE
DATA MONITORING
|
||
|
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 |
SITE
VISIT COMMENTARY
|
|
Our Representative Visited the subject company Head office which is situated
at 255, Nasirabad I/A, Chittagong -4211, Bangladesh. It is Situated at
Industrial area. |
GENERAL
COMMENTS
|
|
Subject is mainly engaged in Manufacturer & Exporter of Readymade
Garments. The subject company maintains acceptable business volume. Based on the financial statements, SC’s financial performance appears
to be average. Having been in operation for several years, Subject enjoys
some recognition and impact in the line. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.97 |
|
|
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.73.99 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
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.