|
|
|
MIRA INFORM REPORT
|
Report No. : |
491374 |
|
Report Date : |
13.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
AKA PRINTERS |
|
|
|
|
Registered Office : |
Fakirapool (Ground floor), 62, Pepsi lane, Motijheel
C/A, Dhaka-1000 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
1992 |
|
|
|
|
Legal Form : |
Sole Proprietorships |
|
|
|
|
Line of Business : |
Manufacturer, Importer of Distributor all Kinds of Printing & Garments
Accessories |
|
|
|
|
No. of Employees : |
22 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
Bangladesh |
A2 |
A2 |
|
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 weather.
|
Source
: CIA |
EXECUTIVE
SUMMARY
|
IDENTIFICATION DETAILS |
||
|
Correct company Name |
: |
Aka Printers |
|
Head Office |
: |
Fakirapool (Ground floor), 62, Pepsi lane, Motijheel
C/A, Dhaka-1000, Bangladesh |
|
Tel No |
: |
88-02-7193918, 7193190 |
|
Fax No |
: |
88-02-7191598 |
|
E-mail |
: |
info@akaprinters.com |
|
Website |
: |
www.akaprinters.com |
|
Date/ Year of Establishment |
: |
1992 |
|
Trade License No |
: |
Nil |
|
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
South City
Corporation Municipal
Administration Union Council Cantonment
Board
Chief Controller
of Import & Export |
FINANCIALS-
SUMMARY
|
Year |
Turnover/ Sales |
Assets |
Income |
|
30th June’ 2016 |
BDT 52 Million |
BDT 7.50 Million |
BDT 1.53 Million |
|
30th June’ 2017 |
BDT 71 Million |
BDT 8.45 Million |
BDT 2.10 Million |
FULLCHECK
REPORT DETAILS
|
Information Parted By |
||
|
Name |
: |
Mr.
Shah Moyeen Talal (Asif) |
|
Designation |
: |
Management
Representative |
|
Contract No |
: |
88-01715152965 |
|
Locations Details |
||
|
Business Address |
: |
Fakirapool (Ground floor), 62, Pepsi lane, Motijheel
C/A, Dhaka-1000, Bangladesh |
|
Tel No |
: |
88-02-7193918, 7193190 |
|
Fax No |
: |
88-02-7191598 |
|
E-mail |
: |
info@akaprinters.com |
|
Website |
: |
www.akaprinters.com |
|
Location : |
:
Owned |
|
Rented |
Ö |
|
Leased |
|
Area |
1200 |
Sq. ft. |
|
Type of Office : |
:
Commercial Area. |
Ö |
|
Semi-commercial
office Bldg. |
|
|
|
Retail shop |
|
|
Industrial
Park |
|
|
|
|
Business Center |
|
|
Home
Office |
|
|
|
|
Residential Bldg. |
|
|
|
|
|
|
Factory : |
||
|
|
||
|
Address |
: |
Fakirapool (Ground floor), 62,
Pepsi lane, Motijheel C/A, Dhaka-1000, Bangladesh |
|
Tel No |
: |
Nil |
|
Fax No |
: |
Nil |
|
Branch: |
||
|
Address |
: |
Nil |
|
Tel No |
: |
Nil |
|
Fax No |
: |
Nil |
|
Employee: |
|
|||||||
|
|
|
|||||||
|
No. of Employees |
In Office |
: |
5 |
Factory |
: |
17 |
||
|
In Branch |
: |
N/A |
Total
|
: |
22 |
|||
|
Details: |
|
|
|
|||||
PROPRIETOR
|
Names
of Proprietor |
: |
Mr. Md. Kallal Chowdhury |
MANAGEMENT
|
||
|
Name |
: |
Mr. Md. Kallal Chowdhury |
|
Job Description |
: |
Proprietor |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
kallal@akaprinters.com |
|
Other details |
: |
88-01819244247 |
|
|
|
|
|
Name |
: |
Mr. Ahsan Habib (Babu) |
|
Job Description |
: |
Manager |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
babu@akaprinters.com |
|
Other details |
: |
88-01720487454 |
|
Name |
: |
Mr.
Shah Moyeen Talal (Asif) |
|
Job Description |
: |
Management
Representative |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
asif@akaprinters.com |
|
Other details |
: |
88-01715152965 |
|
Name |
: |
Mr. Shibu Lal Banik |
|
Job Description |
: |
Accounts & Commercial |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
accounts@akaprinters.com |
|
Other details |
: |
88-01733966129 |
BUSINESS
OPERATIONS
|
Nature of Activity
: |
Manufacturer |
Ö |
Trader |
|
Dealer |
|
Distributor |
Ö |
|
|
|
|||||||
|
|
Exporter |
|
Importer |
Ö |
Services
|
|
Others |
|
|
Range
of Products: |
||
|
|
||
|
Products |
: |
All Kinds of Printing &
Garments Accessories |
|
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 |
Ö |
Others |
|
|
|||
|
|
Credit : |
Ö |
30 days |
|
60 days |
|
90 days |
|
|
days |
DETAILED
DATA
|
|
||||||
|
Trade Reference & Related Parties |
: |
Overseas Clients |
: |
N/A |
|
||
|
Local Clients |
: |
Jan Associates Hall Mark Gorup Delphitex Limited Gazi Accessories Ltd Naab Fashion Limited Bdg Textelion Limited P.M. Apparels Pvt. Ltd Virtual Bottoms Limited Mozib Fashion Limited Aamra Technologies Ltd. M.N.S Garments Printing Koala Fashion And Design Texjar International Limited Texsport Trading Corporation Jeans Manufacturing Co. Ltd. Shah Makhdum Garments Ltd. Carlos Leather Factory Limited Sahara Exports Inc /Tex Team
Ltd Iidfc (Industrial And
Infrastructure Development Finance Company Limited |
|
||||
|
Overseas Suppliers |
: |
N/A |
|
||||
|
Local Suppliers |
: |
N/A |
|
||||
|
Trade Markets |
: |
Exports |
: |
N/A |
|
||
|
Imports |
: |
India, China, korea |
|
||||
|
Brand Name |
: |
N/A |
|||||
|
Certified |
: |
N/A |
|||||
|
Auditors |
: |
N/A |
|||||
|
Operation Status |
: |
Active |
|||||
CAPITAL
STRUCTURE
|
||
|
Capital
Invested |
: |
BDT
7 Million |
|
|
||
|
Assets |
: |
BDT
8.45 Million |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
|
||
|
Name of The Group |
: |
Nil |
|
Name of Mother Company |
: |
Nil |
|
Subsidiary |
: |
Nil |
|
Sister Concerns |
: |
Jars Associates |
|
|
||
BANKING
|
|
|
|
Bank Name |
: |
Uttara
Bank Ltd |
|
Bank Address |
: |
Local Office 129-130 Motijheel Commercial
Area, Motijheel, Dhaka-1000, Bangladesh Tel: 88-02-9552032, 9553475,
9568625, 9568626, 9551162, 01991144485 Fax: 88-02-9568627 |
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 Fakirapool (Ground floor), 62, Pepsi lane, Motijheel C/A,
Dhaka-1000, Bangladesh. It’s situated at a Commercial Area. |
GENERAL
COMMENTS
|
Subject is mainly engaged in Manufacturer, Importer &
Distributor. The subject company is very small company which we recommend
that Credit should be extended under guarantee in C.O.D to small amount. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.28 |
|
|
1 |
INR 89.02 |
|
Euro |
1 |
INR 78.93 |
|
BDT |
1 |
INR 0.77 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.