Client …………….. Bank Limited Client's Ref. No.

RL No. Service Type Normal (3-5 Working Days)

Inquiry Date Due Date Delivery Date

………………………

INTERNATIONAL CREDIT INFORMATION REPORT

Report Generated on:

Rose Leemon Credit Reports And Collections Limited

Level-7, Ramna Trade Centre, 36/7 Muradpur CDA Avenue, Chittagong, Bangladesh
T: +880-31-2558045 | F: +880-31-2558046 | E: reports@roseleemon.com
www.roseleemon.com
INTERNATIONAL CREDIT INFORMATION REPORT

….buyer’s name..

Year Established: Registered Office: Telephone Number:

……. ……… ……………..

Age of Company: Website: Industry Type:

…….. ……………. APPAREL
Credit Assessment
Risk Dashboard
Risk & Rating
No. of Litigation
Credit Limit: USD Trend:
..Moderate Counts: NIL

Credit Rating: A+ No. of Charges(s):

NIL

Directors Corporate Structure

Number of 8 Holding Company: ………….
Current Directors
Number of Shareholders 1 No. of Subsidiaries / 9
Associated Companies:

Risk Assessment Grid

Section Assessment
Profitability STRONG GOOD FAIR MARGINAL WEAK
Capital STRONG GOOD FAIR MARGINAL WEAK
Structure STRONG GOOD FAIR MARGINAL WEAK
Liquidity STRONG GOOD FAIR MARGINAL WEAK
Activity STRONG GOOD FAIR MARGINAL WEAK
Size STRONG GOOD FAIR MARGINAL WEAK

Page 2 of
Rose Leemon | International Credit Information Report | 14
2017
 INQUIRY DETAILS

Name Given ……..

Address Given …….

Tel No Given NIL

Fax No Given NIL

Website Given: NIL

COMPANY DETAILS

Name …….

Name In Local Language NA

Registered Address …….

Business Address …….

Country ……
Telephone No …….
Fax No ……..
E-Mail ………
Website ………
Established ……
No. of Subsidiaries …..
No. of Associates NIL
Holding Company NIL
Listed Status Listed
Stock Code …….
Listed With ……..
Auditor ……..
………..
Business Type Retailer
Status Active
Payment Behavior No complaints have been heard regarding payments from local suppliers
or banks
Number of Bank Charges NIL
Number of Suits NIL

Page 3 of
Rose Leemon | International Credit Information Report | 14
2017
 REGISTRATION DETAILS

Registration Number ………

Registration Date ……..
Subscribed Capital Euro ……..
Paid-Up Capital Euro ……..
Legal Status (…..: shared company)
Issuing Authority …………Companies Registrar

LOCATIONS

Head Office ………..

Telephone No ………
Fax No ………
E-Mail ………..
Website ………..

DIRECTORS

Name ………

Designation Chairman
Nationality ………

Name
Designation
Nationality

Name
Designation
Nationality

Name
Designation
Nationality

Page 4 of
Rose Leemon | International Credit Information Report | 14
2017
 Name
Designation
Nationality

Name
Designation
Nationality

Name
Designation
Nationality

Name
Designation
Nationality

OPERATION & BUSINESS PROFILE

Organizational Background

Established as a …………… in 1972, Subject has been in operation for 45 years.

……………., the Chief Executive Officer of the company is responsible for its overall management, strategic
planning and business developments.

Operations

Subject's company officials have confirmed Subject's operating address

as: …………….

An interview with Subject's Executive revealed the following:

Subject is engaged as a fashion retailer for men’s, women’s and kids’ segments.

Enquiry on its sales territory revealed that the Subject's products are sold throughout its stores in ……. and
other countries.

The subject is confirmed to have ….. sister concerns.

Page 5 of
Rose Leemon | International Credit Information Report | 14
2017
 Subject currently operates with approximately …….. staffs.

BUSINESS DETAILS

Line of Business Retailer

Items Dealing In Apparels
Terms of Purchase Local: Prompt Payment; on credit
Import: L/C, T/T
Terms of Sale Local: Prompt Payment; on credit
Export: L/C, T/T
NAICS Code 448110 - Men's Clothing Stores
448120 - Women's Clothing Stores
448150 - Clothing Accessories
SIC Code Stores- Men's and Boys' Work Clothing
2326
2337 - Women's, Misses', and Juniors' Suits, Skirts, and Coats
2339 - Women's, Misses', and Juniors' Outerwear, Not Elsewhere
Classified 5137 - Women's, Children's, and Infants' Clothing and
Accessories
FINANCIAL INFORMATION

Balance Sheet
As At 31st January
2016 Unit:Euro
inThousand

ASSETS
Current assets
Cash and banks
Trade receivables
Inventories
Financial assets
Current tax assets
Other receivables
Total current assets

Non-current assets
Property, plant and equipment
Intangible assets
Goodwill
Equity investments
Financial assets
Other receivables
Total non-current assets
Page 6 of
Rose Leemon | International Credit Information Report | 14
2017
 Page 7 of
Rose Leemon | International Credit Information Report | 14
2017
 TOTAL ASSETS

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities
Financial liabilities
Trade payables
Current tax liabilities
Other payables
Total current liabilities

Non-current liabilities
Financial liabilities
Employee benefits
Provisions for risks and charges
Deferred tax liabilities
Other payables
Total non-current liabilities

TOTAL LIABILITIES

SHAREHOLDERS' EQUITY
Share capital
Other reserves
Net result for the year
TOTAL SHAREHOLDERS' EQUITY

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY

Income Statement
As At 31st January
2016 Unit:Euro
inThousand

Revenues
Other operating income and revenues
Total revenues
Purchases of raw materials, consumables and goods
Staff costs
Depreciation, amortization and write-downs of assets
Other operating expenses
Service costs
Costs for the use of third-party assets
Write-downs and provisions
Other operating charges
Result before net financial expenses and taxes
Financial income
Page 8 of
Rose Leemon | International Credit Information Report | 14
2017
 Financial expenses

Page 9 of
Rose Leemon | International Credit Information Report | 14
2017
 Exchange rate gains and losses
Gains (losses) from equity investments
Net result for the year before tax
Taxes
Net result for the year

Net result for the year attributable to the Group

Net result for the year attributable to minority interests

Earnings per share (in euro)

- basic
- diluted

Statement Of Comprehensive
Income As At 31st January 2016
Unit:Euro inThousand

Net result for the year (A)

Other gains (losses) that will not be subsequently reclassified in the
income statement:
- Actuarial gains (losses) for employee benefits
- Tax on items recognized in the reserve for actuarial gains (losses)
Total other comprehensive gains (losses) that will not be
subsequently reclassified
Other gains (losses) that will be subsequently reclassified in the
income statement:
- Gains (losses) on cash flow hedging instruments
- Tax on items recognized in the cash flow hedging reserve
- Change in translation reserve
Total other comprehensive gains (losses) that will be subsequently reclassified
Total other items of comprehensive income (B)
Total comprehensive income for the period (A) + (B)
Total comprehensive income attributable to the Group
Total comprehensive income attributable to minority interests

Statement of Cash
Flows As At 31st
January 2016 Unit:Euro
inThousand

Operating activities
Net result for the year
Provision for taxes
Adjusted for:
Net depreciation, amortization and write-downs of
fixed assets
Net capital gains (losses) on fixed assets
Page 10 of
Rose Leemon | International Credit Information Report | 14
2017
 Losses (gains) from equity investments

Page 11 of
Rose Leemon | International Credit Information Report | 14
2017
 Net financial expenses (income)
Expenses (income) from foreign exchange differences and
currency derivatives
Loss (gain) on derivatives due to change in fair value
Allocations to provisions
Utilization of provisions
Cash flows from operating activities before changes
in working capital
Cash flow generated by change in working capital
Taxes paid
Net interest received (paid)
Realized foreign exchange differences and cash flows
from currency derivatives
Dividends received
Other changes
Cash flow generated (absorbed) by operating activities

Investment activities
(Investments) in fixed assets
Disposals of fixed assets
(Increase) decrease in equity investments
Cash flow generated (absorbed) by investment activities

Financing activities
Net change in financial assets and liabilities
Incorporation of Parent Company OVS S.p.A
Increase in share capital and reserves
Net cash-in from the transfer of the OVS-Upim Business Unit
Cash flow generated (absorbed) by financing activities

Increase (decrease) in cash and cash equivalents

Cash and cash equivalents at start of period

Cash and cash equivalents at end of period

CURRENCY EXCHANGE RATE

Currency Unit Bangladeshi Taka (BDT)

Great Britain Pound (GBP) 1 106.8580

U.S Dollar (USD) 1 80.8000
European Euro (EURO) 1 95.8369

Source: Bangladesh Bank as on 12th October 2017

Page 9 of 14
Rose Leemon | International Credit Information Report |
2017
 ADVERSE DATA MONITORING

Dishonored Checks No Records Found

Debt No Records Found
Litigation No Records Found
Performance Defaults No Records Found
Adverse Press Coverage No Records Found
Money Laundering No Records Found

RL RATING

A+

The company is very strong. Capable of meeting its financial obligations.

91-100 A+ Excellent
Absolutely no risk exists

CREDIT ASSESSMENT
FACTORS

ROSE LEEMON® Credit risk assessment is gauged on 12 key business factors. Each factor is assigned a rating and
the total is aggregated and weighed in consideration of any other influencing factors relevant to the
final assessment.

These factors
include:

Financial Status Profitability Industry sector & trends

Principals Civil Litigation Liabilities
Management Scale of operations Years in business & co history
Assets (Real Estate etc.) Trade references & reputation Family involvement & support

CREDIT RECOMMENDATION

Amount Based On
USD …….. ….. Days

GENERAL INFORMATION

Employees ……….

Page 10 of
Rose Leemon | International Credit Information Report | 14
2017
 Range of Products ….
…..

Page 11 of
Rose Leemon | International Credit Information Report | 14
2017
 …
…
Brands ….
….
….

No Of Sales Outlets …….

International Outlets ……..
…………
………..

Certification NIL
Subsidiaries / Affiliates ….
……….
………
…….

Page 12 of
Rose Leemon | International Credit Information Report | 14
2017
 BUSINESS TREND & PROSPECT

Business Scale Very Large

Business Trend Growing
Management Capability Very Good
Reputation Very Good

SUMMARY & OPINION

Established in ……as a Public Limited Company, subject has been in operation for around 45 years under the
present name style of ……

……….., the Chief Executive Officer of the company is responsible for its overall management, strategic
planning and business developments.

Subject is engaged as a retailer men’s, women’s, and children’s wear in Italy and internationally. The
company also provides household items, fragrances, and related products and toys, as well as men's,
women's, and children's clothes and underwear. It offers its products under the ……………….. brands. As of …
date…., the company operated a network of ……. stores, including ………directly managed stores, …….
affiliated stores, and ……administered stores, as well as ………. managed stores internationally. The
company was founded in ….. and is headquartered in ……. is a subsidiary of ………….

The company has …. % brand awareness in …… and is undisputed market leader in the …… industry with a
double digit market share.

Payment records are satisfactory and a search of public records and bankruptcy courts returned no
derogatory information or record of the company filing a bankruptcy petition.

Payments are done through …….. to local suppliers. Trade receivables are collected from its local customers
through ……….. and through L/C or T/T from foreign customers as confirmed by the subject.

Litigation status is found to be clear. No payment default cases are found registered with Court of
local jurisdiction.

Based on Subject's Score Factor, Subject has been given a credit rating of
A +.

The company is very strong. Capable of meeting its financial obligations. Absolutely no risk exists.

END OF REPORT

Page 13 of
Rose Leemon | International Credit Information Report | 14
2017
 ….Country of the buyer… has a diversified economy, which is divided into a developed industrial north,
dominated by private companies, and a less-developed, highly subsidized, agricultural south, where
unemployment is higher. The ……………economy is driven in large part by the manufacture of high-quality
consumer goods produced by small and medium-sized enterprises, many of them family-owned. ….also has
a sizable underground economy, which by some estimates accounts for as much as …. % of GDP. These
activities are most common within the agriculture, construction, and service sectors.

….is the …….. economy in the euro zone, but its exceptionally high public debt and structural
impediments to growth have rendered it vulnerable to scrutiny by financial markets. Public debt has
increased steadily since ….. topping ….. of GDP in …, but investor concerns about Italy and the broader euro-
zone crisis eased in …, bringing down ………. borrowing costs on sovereign government debt from euro-
era records. The government still faces pressure from investors and European partners to sustain its
efforts to address … . longstanding structural impediments to growth, such as labor market inefficiencies
and tax evasion. In ……., economic growth and labor market conditions continued to deteriorate, with
overall unemployment rising to ……….% and youth unemployment around …………%, but Italy began to recover
in …………., with marginal growth and a slight reduction in unemployment.

Page 14 of
Rose Leemon | International Credit Information Report | 14
2017
 RL CREDIT RATING SCORES

Score Rating Summary Description

The company is very strong. Capable of meeting its financial obligations.

91-100 A+ Excellent
Absolutely no risk exists

The company is quite healthy financially and is capable of repaying the

76-90 A Very Good
principal sum and interest within the due time.

The company is okay for normal business engagements under usual trade
61-75 B+ Good
terms.

46-60 B Average The company is quite stable but may be vulnerable to sudden financial crisis.

The company is operational but the financial condition is not

31-45 C+ Poor
very satisfactory.

16-30 C Very Poor The company’s financial condition is shaky. Default risk exists.

High Risk Exists. Caution is advised to be taken before entering into any
1-15 U Default
business transactions with the company.

NOTE: Any query related to this report can be made on reports@roseleemon.com quoting the report number, name and date.

BIS, Business Information Services, a Department of Rose Leemon Credit Reports & Collections Ltd

©Rose Leemon Credit Reports & Collections Limited 2017

Page 15 of
Rose Leemon | International Credit Information Report | 14
2017