3decades

MIRA INFORM REPORT

Report No. :	506823
Report Date :	30.04.2018

IDENTIFICATION DETAILS

Name :	D AND S PRETTY FASHIONS LIMITED

Registered Office :	House # 5/A, Road # 94, Gulshan-2, Dhaka- 1212

Country :	Bangladesh

Financials (as on) :	30.06.2017

Date of Incorporation :	16.05.2001

Com. Reg. No.:	C-43107

Legal Form :	Private Co

Line of Business :	Manufacturer, Exporter and Importer of Sweaters, Pullovers, Cardigans, etc

No. of Employees :	3275

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Satisfactory

Payment Behaviour :	Slow but Correct

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

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Bangladesh

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

BANGLADESH - ECONOMIC OVERVIEW

Bangladesh's economy has grown roughly 6% per year since 1996 despite prolonged periods of political instability, poor infrastructure, endemic corruption, insufficient power supplies, and slow implementation of economic reforms. Although more than half of GDP is generated through the services 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 were on track to again surpass $25 billion in 2017. The sector continues to grow, despite the need for improvements in factory working conditions to avert further high-profile accidents that have killed more than 1,000 workers in recent years. Steady export growth in the garment sector combined with remittances from overseas Bangladeshis - which totaled about $13 billion and 6% of GDP in 2016 - are key contributors to Bangladesh's sustained economic growth and rising foreign exchange reserves.

The recent influx of hundreds of millions of additional refugees from Burma will place pressure on the Bangladeshi government’s budget and the country’s rice supplies, which declined in 2017 in part because of adverse weathe

Source : CIA

EXECUTIVE SUMMARY


Order Date	:	27-Apr-18
Order Ref. No	:	506823
Previous Address	:	House#08, Road#14, Baridhara Diplomatic Zone, Baridhara 1212 Daka, Bangladesh
IDENTIFICATION DETAILS
Correct company Name	:		D and S Pretty Fashions Limited
Head Office	:		House # 5/A, Road # 94, Gulshan-2, Dhaka- 1212, Bangladesh
Tel No	:		88-02-9852056-59
Fax No	:		88-02-9859703
E-mail	:		info@prettygroupbd.com
Website	:		www.prettygroupbd.com
Date/ Year of Incorporation	:		16.05.2001
Incorporation No.	:		C-43107
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

Other Registry & Certification Details

Organization Name	:	Bangladesh Garments Manufacturer & Exporters Association
Membership No	:	3729

FINANCIALS- SUMMARY

Year	Turnover/ Sales	Assets	Income/ (Loss)
30^th June, 2016	BDT 2155 Million	BDT 256.80 Million	BDT 118.52 Million
30^th June, 2017	BDT 2262 Million	BDT 280.25 Million	BDT 124.30 Million

FULLCHECK REPORT DETAILS

*Information Parted By*
Name	:	Mr. Mahfizur Rahman
Designation	:	Assistant General Manager
Contract No	:	01733235325

*Locations Details*
Operating Address	:	House # 5/A, Road # 94, Gulshan-2, Dhaka- 1212, Bangladesh
Tel No	:	88-02-9852056-59
Fax No	:	88-02-9859703
E-mail	:	info@prettygroupbd.com
Website	:	www.prettygroupbd.com

Location :

: Owned

Rented

Leased

Area

1400

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	:	Pretty Square, South Salna, Gazipur, Bangladesh
Tel No	:	88-02-9204646, 9204448-51
Fax No	:	88-02-9204662

Location :

Owned

Rented

Leased

Area

3,00,000

Sq. ft.

Branch:

Address	:	Nil
Tel No	:	Nil
Fax No	:	Nil

Employee:

No. of Employees	In Office	:	50	In Factory	:	3225
	In Branch	:	Nil	Total	:	3275
Details:

OWNERSHIP/SHAREHOLDERS

Names of Shareholders	No. of Share	Country
Mr. Mohammad Ali Talukder	400000	Bangladesh
Mr. Boshir Ahamed Talukder	100000	Bangladesh
Mr. Nazmul Ahmed Talukder	100000	Bangladesh
Mr. Rezin Ahmmad Talukder	100000	Bangladesh
Mr. Rajib Ahmed Talukder	100000	Bangladesh
Mrs. Fahema Talukder Pretty	100000	Bangladesh
Mrs. Shahima Talukder Keka	100000	Bangladesh

DIRECTORS

1.

Name	:	Mr. Mohammad Ali Talukder
Designation	:	Chairman
Nationality	:	Bangladeshi
Email address	:	N/A
Other details	:	N/A

2.

Name	:	Mr. Rezin Ahmmad Talukder
Designation	:	Managing Director
Nationality	:	Bangladeshi
Email address	:	N/A
Other details	:	N/A

3.

Name	:	Mr. Rajib Ahmed Talukder
Designation	:	Director
Nationality	:	Bangladeshi.
Email address	:	N/A
Other details	:	N/A

4.

Name	:	Mrs. Shahima Talukder Keka
Designation	:	Director
Nationality	:	Bangladeshi.
Email address	:	N/A
Other details	:	N/A

MANAGEMENT

Name	:	Mr. Rezin Ahmmad Talukder
Job Description	:	Managing Director
Nationality	:	Bangladeshi
Email address	:	N/A
Other details	:	N/A

Name	:	Mr. Mahfizur Rahman
Job Description	:	Assistant General Manager
Nationality	:	Bangladeshi
Email address	:	N/A
Other details	:	N/A

Name	:	Nahid Akter Poly
Job Description	:	Executive Director
Nationality	:	Bangladeshi
Email address	:	N/A
Other details	:	N/A

Name	:	Mr. Md. Monir Uddin
Job Description	:	Senior Officer (Admin)
Nationality	:	Bangladeshi
Email address	:	N/A
Other details	:	N/A

BUSINESS OPERATIONS

Nature of Activity :	Manufacturer	Ö	Trader		Dealer	Distributor

	Exporter	Ö	Importer	Ö	Services	Others

Range of Products:

Products	:	Sweaters, Pullovers, Cardigans
Production Capacity	:	N/A
Last Year Production	:	N/A
Import Products	:	N/A
Export Products	:	N/A

Trading Terms:

Purchasing Terms:	L/C	Ö	Cash		Others
	Credit :		30 days		60 days	Ö	90 days			days

Selling Terms :

L/C

Cash

Others

Credit :

30 days

60 days

90 days

days

DETAILED DATA

Trade Reference & Related Parties

Overseas Clients

N/A

Local Clients

N/A

Overseas Suppliers

N/A

Local Suppliers

N/A

Trade Markets

Exports(Country)

China, India, Pakistan

Imports(Country)

Europe

Brand Name

N/A

Certified

N/A

Name of Auditors

N/A

Operation Status

Active

CAPITAL STRUCTURE

Authorized Capital	:	BDT 150 Million

Paid-up Capital	:	BDT 100000000

No. of Shares	:	1000000

Share Value	:	BDT 100.00 Each

Main Assets	:	BDT 280.25 Million

FINANCIAL STATEMENT- DETAILED

Summary of financial information is provided.

ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES

	Name of The Group			:	Pretty Group
	Name of Mother Company			:	Nil
	Subsidiary			:	Nil
	Sister Concerns			:	Kaveri Sweaters Ltd. Pretty Still Mills Ltd. Pretty Wool Ware Ltd. Pretty Accessories Ltd. Pretty Engineering Ltd. Pan Pacific Sweater ltd. S. Suhi Industrial Park Ltd. Pretty Composite Textiles Ltd. Pretty Sourcing & Inspection (BD) Ltd.
BANKING
Bank Name		:	Exim Bank Ltd
Bank Address		:	Motijhhel Branch Sharif Mansion, 56-57, Motijheel C/A, Dhaka, Bangladesh Tel: 88-02-9568534, 9552800, 9568093, 9554988, 01713-001122 Fax: 880-2-9569983
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 House # 5/A, Road # 94, Gulshan-2, Dhaka- 1212, Bangladesh. Which is situated at a Residential Area

GENERAL COMMENTS

The subject company is reputed company in this line of business. We recommended that Credit can proceed normally in Moderate amount

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 67.78
UK Pound	1	INR 92.89
Euro	1	INR 80.74
BDT	1	INR 0.79

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	VAR

Report Prepared by :	KET

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.