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Report No. : |
342778 |
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Report Date : |
30.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
COTTON FIELD (BD) LTD. |
|
|
|
|
Registered Office : |
Siaam Tower (Level 9th & 10th Floor), Plot# 15,
Sector# 3, Uttara Model Town, Uttara, Dhaka-1230 |
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Country : |
Bangladesh |
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Date of Incorporation : |
07.07.2004 |
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Com. Reg. No.: |
C-53413 |
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Legal Form : |
Private Company |
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Line of Business : |
Manufacturer and Exporter of T-Shirts, Polo Shirts, Jackets, Long
Dress. |
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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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|
|
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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 – 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 |
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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,
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 Field
(Bd) Ltd. |
|
Head
Office |
: |
Siaam Tower (Level 9th & 10th Floor), Plot# 15,
Sector# 3, Uttara Model Town, Uttara, Dhaka-1230, Bangladesh. |
|
Tel No |
: |
88-02-8955000-2, 8955004 |
|
Fax No |
: |
88-02-8955005 |
|
E-mail |
: |
commercial@mondol.net, hr@mondol.net |
|
Website |
: |
www.mondol.net |
|
Date/ Year of Incorporation |
: |
07-07-2004 |
|
Registered No. |
: |
C-53413 |
|
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 |
|
31st
December’2013 |
BDT 280 Million |
BDT 120.00 Million |
BDT 2.25 Million |
|
31st
December’2014 |
BDT 457 Million |
BDT 136.80
Million |
BDT 25.13 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.12.83994 |
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FULLCHECK
REPORT DETAILS
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Information Parted By |
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Name |
: |
Mr. Al Amin |
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Designation |
: |
Commercial
Officer |
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Contract No |
: |
N/A |
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Locations Details |
||
|
Business Address |
: |
Siaam Tower (Level 9th & 10th Floor), Plot#
15, Sector# 3, Uttara Model Town, Uttara, Dhaka-1230, Bangladesh. |
|
Tel No |
: |
88-02-8955000-2, 8955004 |
|
Fax |
: |
88-02-8955005 |
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Email |
: |
commercial@mondol.net, hr@mondol.net |
|
Website |
: |
www.mondol.net |
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Location : |
: Owned |
|
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Rented |
Ö |
|
Leased |
|
Area |
3200 |
Sq. ft. |
|
Type of Office : |
:
Commercial Office Bldg. |
Ö |
|
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 |
: |
Shima Complex, Plot-23, Shataish Road,
Gazipura, Tongi, Gazipur, Bangladesh. |
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Tel No |
: |
88-02-9813684 |
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Fax No |
: |
- |
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Owned |
Ö |
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Rented |
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Leased |
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Area |
46,500 |
Sq. ft. |
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|||
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Branch Address: |
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Address |
: |
Plot-14, Block-C, Avenue-2, Mirpur-12,
Dhaka-1216, Bangladesh. |
||||||||||||
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Tel No |
: |
88-02-9813684 |
||||||||||||
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Fax No |
: |
- |
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Employee: |
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No. of Employees |
In Office |
: |
26 |
In Factory |
: |
2474 |
||
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In Branch: |
: |
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Total |
: |
2500 |
|||
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Details: |
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|||||
OWNERSHIP/SHAREHOLDERS
|
|
|
Names of
Shareholders |
No. of Share |
|
Haj Abdul Majid Mondol |
15500 |
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Mr. Abdul Momin Mondol |
9000 |
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Mrs. Nahid Khandakar |
7500 |
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Khandakar Faroque Quiser |
8000 |
|
Haji Abdul Motaleb |
2500 |
|
Mr. Abdul Alim Mondol |
7500 |
DIRECTORS
|
|
|
Name |
Designation |
|
Haj Abdul Majid Mondol |
Managing Director |
|
Mr. Abdul Momin Mondol |
Director |
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Mrs. Nahid Khandakar |
Director |
|
Khandakar Faroque Quiser |
Director |
|
Haji Abdul Motaleb |
Director |
|
Mr. Abdul Alim Mondol |
Director |
MANAGEMENT
|
||
|
Name |
: |
Mr. Al-Amin |
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Email address |
: |
N/A |
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Nationality |
: |
Bangladeshi |
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Job Description |
: |
Commercial officer |
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Other details |
: |
N/A |
|
Name |
: |
Mr. Md. Shahadat |
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Email address |
: |
N/A |
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Nationality |
: |
Bangladeshi |
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Job Description |
: |
Commercial Manager |
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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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Others |
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Range of Products: |
||
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Products |
: |
T-Shirts, Polo Shirts, Jackets, Long Dress. |
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Production Capacity |
: |
16 million Pcs Per year |
|
Last Year
Production |
: |
Do. |
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 |
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Selling Terms : |
L/C |
Ö |
Cash |
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Others |
|
|
|||
|
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Credit : |
|
30 days |
|
60 days |
Ö |
90 days |
|
|
days |
DETAILED
DATA
|
||||||||
|
Trade Reference
& Related Parties |
: |
Overseas Clients |
: |
Henbury The Fielding Group BHS Lu & Ca Pull & Bear |
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 |
: |
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 |
: |
Bangladesh Garments Manufacturer & Exporters Association |
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CAPITAL STRUCTURE
|
||||||||
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Authorized
Capital |
: |
BDT 100 Million |
||||||
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Paid-up Capital |
: |
BDT 5000000 |
No.
of Shares |
: 50000 |
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Share
Value |
: |
BDT 100.00Each |
|
Main Assets |
: |
BDT 136.80
Million |
||||||
FINANCIAL
STATEMENT- DETAILED
|
|
The subject company don’t submit update
financial figure to local registry office. |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
|
||
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Sister Concerns |
: |
Montrims Ltd. Titan Fabrics Ltd. Mark Sweater Ltd. Alim Knit BD Ltd. Mondol Fabrics Ltd. Mondol Textile Ltd. Mondol Textile Ltd. Appolo Fashion Ltd Mondol Knitwear Ltd. Mondol Apparels Ltd. Cotton Club (BD) Ltd. Mondol Securities Ltd. Mondol Yarn Dying Ltd. Mondol Yarn Dyeing Ltd Cotton Concern (BD) Ltd. Mondol Knit Composite Ltd. |
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Subsidiary |
: |
N/A |
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Name of The Group |
: |
Mondol Group |
BANKING
|
|
|
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Bank Name
|
: |
United Commercial
Bank Ltd |
|
Bank Address |
: |
Uttara Branch, Rajuk Cosmo
Complex(1st Floor) Plot No 71, Sector 07(Azampur)
Uttara C/A, Dhaka-1230, Bangladesh |
|
|
||
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Bank Name
|
: |
Prime Bank Ltd. |
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Bank Address |
: |
Motijheel Branch Adamjee Court Annexe Building -2,119-120, Phone: 88-02-9567225,9562982 Fax:88-02-9567223 |
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Dishonored Checks |
:
|
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 their Head office which is situated at Siaam Tower (Level 9th & 10th Floor),
Plot# 15, Sector# 3, Uttara Model Town, Uttara, Dhaka-1230, Bangladesh. It is
situated at commercial area & their office is well decorated by modern
furniture. |
GENERAL
COMMENTS
|
|
The subject
company is engaged in manufacturer & Exporter. It is reputed company in
this line of business. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.18 |
|
|
1 |
Rs.100.46 |
|
Euro |
1 |
Rs.74.61 |
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.