MIRA INFORM REPORT

Report No. :	492146
Report Date :	22.02.2018

IDENTIFICATION DETAILS

Name :	COTTON FIELD (BD) LTD.
Registered Office :	Siaam Tower (Level-9^th & 10^th Floor), Plot# 15, Sector# 3, Uttara Model Town, Uttara, Dhaka-1230
Country :	Bangladesh
Date of Incorporation :	07-07-2004
Com. Reg. No.:	C-53413
Legal Form :	Private Co
Line of Business :	Manufacturer, Exporter and Importer of T-Shirts, Polo Shirts, Jackets, Long Dress.
No. of Employees :	1465

RATING & COMMENTS

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

MIRA’s Rating :

A

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

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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
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

IDENTIFICATION DETAILS
Correct company Name	:	COTTON FIELD (BD) LTD.
Head Office	:	Siaam Tower (Level-9^th & 10^th Floor), Plot# 15, Sector# 3, Uttara Model Town, Uttara, Dhaka-1230, Bangladesh.
Tel No	:	88-02-58950680-1, 58950598, 8932431
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
30^thJune’2016	BDT 1466 Million	BDT 1121.29 Million	BDT 105.03 Million
30^thJune’2017	BDT 1543 Million	BDT 1150.92 Million	BDT 117.23 Million

FULLCHECK REPORT DETAILS
Information Parted By
Name	:	Mr. Kazi Alauddin Ujjal
Designation	:	Manager
Contract No	:	88-01819404793

Locations Details
Business Address	:	Siaam Tower (Level-9^th & 10^th Floor), Plot# 15, Sector# 3, Uttara Model Town, Uttara, Dhaka-1230, Bangladesh.
Tel No	:	88-02-58950680-1, 58950598, 8932431
Fax	:	88-02-8955005
Email	:	commercial@mondol.net, hr@mondol.net
Website	:	www.mondol.net

Location :

: Owned

Rented

Ö

Leased

Area

3200

Sq. ft.

Type of Office :	: Commercial Office Bldg.	Ö		Semi-commercial office Bldg.
Retail shop			Industrial Park
Business Center			Home Office
Residential Bldg.

Factory:
Address	:	Shima Complex, Plot-23, Shataish Road, Gazipura, Tongi, Gazipur, Bangladesh.
Tel No	:	N/A
Fax No	:	N/A

Location :	Owned			Ö	Rented	Leased	Area	46,500	Sq. ft.
Branch Address:
Address		:	Plot-14, Block-C, Avenue-2, Mirpur-12, Dhaka-1216, Bangladesh.
Tel No		:	88-02-9813684
Fax No		:	N/A

Employee:
Employee:	In Office	:	26	In Factory	:	1439
	In Branch:	:	N/A	Total	:	1465
Details:

OWNERSHIP/SHAREHOLDERS
Names of Shareholders	No. of Share
Haj Abdul Mojid Mondol	15500
Mr. Abdul Momin Mondol	9000
Mr. Abdul Alim Mondol	7500
Mr. Khandakar Faroque Quiser	8000
Mr. Nahid Khandakar	7500
Haji Abdul Motaleb	2500

DIRECTORS
Name	Designation
Mr. Abdul Momin Mondol	Managing Director
Mr. Abdul Alim Mondol	Director
Mr. Khandakar Faroque Quiser	Director
Mr. Nahid Khandakar	Director
Haji Abdul Motaleb	Director

MANAGEMENT
Name	:	Mr. Abdul Momin Mondol
Job Description	:	Managing Director
Nationality	:	Bangladeshi.
Email address	:	N/A
Other details	:	N/A

Name	:	Mr. Md. Shahadat
Job Description	:	Manager (Commercial)
Nationality	:	Bangladeshi.
Email address	:	N/A
Other details	:	N/A

Name	:	Mr. Kazi Alauddin Ujjal
Job Description	:	Manager
Nationality	:	Bangladeshi.
Email address	:	N/A
Other details	:	N/A

Name	:	Mr. Al-Amin
Job Description	:	Officer (Commercial)
Nationality	:	Bangladeshi.
Email address	:	N/A
Other details	:	88-01819404793

BUSINESS OPERATIONS
Nature of Activity :	Manufacturer	Ö	Trader		Dealer	Distributor
	Exporter	Ö	Importer	Ö	Services	Others

Range of Products
Products	:	T-Shirts, Polo Shirts, Jackets, Long Dress.
Production Capacity	:	16 million Pcs Per year
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	Ö	Cash	Others
	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
		Overseas Suppliers			:	N/A
		Local Suppliers			:	N/A
Trade Markets	:	Exports(Country)			:	Europe
		Imports(Country)			:	China, India
Brand Name			:	N/A
Certified			:	N/A
Name of Auditors			:	N/A
Operation Status			:	Active
Member			:	Bangladesh Garments Manufacturer & Exporters Association

CAPITAL STRUCTURE
Authorized Capital	:	BDT 100 Million
Paid-up Capital	:	BDT 50000000
No. of Shares	:	50000
Share Value	:	BDT 1000.00 Each
Main Assets	:	BDT 1150.92 Million

FINANCIAL STATEMENT- DETAILED

Summary Information has been provided.

ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES
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.
Subsidiary	:	N/A
Name of The Group	:	Mondol Group

BANKING
Bank Name	:	United Commercial Bank Ltd
Bank Address	:	Uttara Branch, Rajuk Cosmo Complex (1^st Floor) Plot# 71, Sector # 7(Azampur) Uttara C/A, Dhaka-1230, Bangladesh.
Bank Name	:	Prime Bank Ltd.
Bank Address	:	Motijheel Branch Adamjee Court Annexe Building -2,119-120, Dhaka, Bangldesh. Tel: 88-02-9567225,9562982 Fax:88-02-9567223

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 their Head office which is situated at Siaam Tower (Level-9^th & 10^th Floor), Plot# 15, Sector# 3, Uttara Model Town, Uttara, Dhaka-1230, Bangladesh. It is situated at Commercial 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 64.82
UK Pound	1	INR 90.65
Euro	1	INR 79.94
BDT	1	INR 0.78

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

INFORMATION DETAILS

Analysis Done by :	NIS
Report Prepared by :	TPT

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.