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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

511971

Report Date :

26.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

INTERLINK APPARELS LIMITED  

 

 

Registered Office :

Zafaria (Apt# B2/C2), House# 5, Road# 34, Gulshan-1, Dhaka-1212

 

 

Country :

Bangladesh

 

 

Financials (as on) :

30.06.2017 (Summarized)

 

 

Date of Incorporation :

06.12.2000

 

 

Com. Reg. No.:

C-42004 

 

 

Legal Form :

Private Company

 

 

Line of Business :

Manufacturer, Exporter and Importer of Shirt, Pant, Jacket, School Wear.

 

 

No. of Employees :

1230

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd 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 surpassed $25 billion in 2016. The sector continues to grow, despite a series of high-profile factory accidents that have killed more than 1,000 workers and crippling strikes, including a nationwide transportation blockade orchestrated by the political opposition during the first several months of 2015. Steady export growth in the garment sector combined with remittances from overseas Bangladeshis - which totaled about $15 billion and 8% of GDP in 2015 - are key contributors to Bangladesh's sustained economic growth and rising foreign exchange reserves.

 

Source : CIA

 

 

 

COMPANY NAME

 

INTERLINK APPARELS LIMITED  

 

 

EXECUTIVE SUMMARY

 

                                                IDENTIFICATION DETAILS

Correct company Name

:

Interlink Apparels Limited  

Head Office

:

Zafaria (Apt# B2/C2), House# 5, Road# 34, Gulshan-1, Dhaka-1212,

Bangladesh.

Tel No

:

88-02-9850261-64

Fax No

:

88-02-9850265

E-mail

:

info@interlink-bd.com

Website

:

www.interlink-bd.com

Date/ Year of Incorporation

:

06.12.2000

Incorporation No.

:

C-42004 

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)

 

 

Other Registry & Certification Details

 

Organization Name

:

Bangladesh Garments Manufacturer & Exporters Association

 

Membership No

:

3745

 

 

FINANCIALS- SUMMARY

 

      Year

Turnover/ Sales

 Assets

Income/ (Loss)

30th June, 2016

BDT 504 Million

BDT 138.30 Million

BDT 19.25Million

30th June, 2017

BDT 623 Million

BDT 159.45 Million

BDT 21.90 Million

 

 

 

 

 

FULLCHECK REPORT DETAILS

 

                                                             Information Parted By

Name

:

Mr. Md. Solayeman

Designation

:

Manager (Commercial)

Contract No

:

88-01714054031

 

                                                               Locations Details

Operating Address

:

Zafaria (Apt# B2/C2), House# 5, Road# 34, Gulshan-1, Dhaka-1212,

Bangladesh.

Tel No

:

88-02-9850261-64

Fax No

:

88-02-9850265

E-mail

:

info@interlink-bd.com

Website

:

www.interlink-bd.com

 

Location :

: Owned

 

Rented

Ö

 

Leased

 

Area

3200

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

:

Plot# 1619-21, Vogra, Joydebpur, Gazipur, Bangladesh.

Tel No

:

88-01711328011

Fax No

:

Nil

 

Branch:

 

 

 

 

 

Address

:

Nil

Tel No

:

Nil

Fax No

:

Nil

 

Employee:

 

 

 

No. of Employees 

 

In Office

:

30

In Factory

:

1200

In Branch:

:

N/A

Total

:

1230

Details:

 

                    

 

 

 

OWNERSHIP/SHAREHOLDERS

 

Names of Shareholders

No. of Share

County

Mr. Intezer Ahmed

110550

Bangladeshi.

Late-Mr. Imtiaz Ahmed

110450

Bangladeshi.

Mrs. Irshad Tahha

6250

Bangladeshi.

Mr. Shahriar Taha

93750

Bangladeshi.

Mr. Mohammad Muqbul Elahi

20000

Bangladeshi.

Mrs. Anowara Ahmed

30000

Bangladeshi.

 

 

DIRECTORS

 

1.      

 

 

 

Name

:

Mr. Intezer Ahmed

Designation

:

Managing Director

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

2.      

 

 

 

Name

:

Mrs. Anowara Ahmed

Designation

:

Director

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

 

MANAGEMENT

 

Name

:

Mr. Intezer Ahmed

Job Description

:

Managing Director

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

Name

:

Mrs. Anowara Ahmed

Job Description

:

Director

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

Name

:

Mr. Md. Solayeman

Job Description

:

Manager (Commercial)

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

88-01714054031

 

Name

:

Mr. Mahbub

Job Description

:

Manager (Factory)

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

88-01711328011

 

Name

:

Mr. Mrenal Kanti Shaha

Job Description

:

Officer(Accounts)

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

:

Shirt, Pant, Jacket, School Wear.

Production Capacity

:

130000 doz. per year.

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

:

Perm-A-Plat

Michael Brandon

Louis Raphael

Oxford

Bluemax

Bannar

Local Clients

:

N/A

Overseas Suppliers

:

N/A

Local Suppliers

:

N/A

Trade Markets

:

 

Exports(Country)

:

UK, USA, Australia

Imports(Country)

:

China, India

Brand Name

:

N/A

Certified

:

N/A

Name of Auditors

:

N/A

Operation Status

:

Active

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CAPITAL STRUCTURE

 

Authorized Capital

:

BDT 50 Million

 

Paid-up Capital

:

BDT 37100000

 

No. of Shares

:

371000

 

Share Value

:

BDT100.00Each

 

Main Assets

:

BDT  159.45 Million

 

 

FINANCIAL STATEMENT- DETAILED

 

Summary information given.

 

 

ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES

 

Name of  The Group

:

Interlink Group

 

Name of Mother Company

:

Nil

Subsidiary

:

Nil

Sister Concerns

:

Interlink Dresses

Interlink Sourcing

J.B. Garments Limited

Interlink Accessories Limited 

Later Interlink Apparels Limited

 

 

BANKING

 

Bank Name  

:

Bank Asia Ltd.

Bank Address

:

MCB Dilkusha Branch

4, Dilkusha, C/A, Dhaka-1000, Bangladesh.

 

 

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 Zafaria (Apt # B2/C2), House # 5, Road # 34, Gulshan-1, Dhaka-1212, Bangladesh

 

 

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

INR 68.26

UK Pound

1

INR 91.22

Euro

1

INR 79.88

BDT

1

INR 0.80

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

VIV

 

 

Report Prepared by :

NIT

 

 

 

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.