MIRA
INFORM REPORT
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Report Date : |
04.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
HAMEEM GROUP |
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Registered Office : |
241, Tejgaon Industrial Area, Dhaka |
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Country : |
Bangladesh |
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Financials (as on) : |
2007 |
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Date of Incorporation : |
April, 1989 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturers and Exporters of Ready-Made Garments, Sweaters |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY DETAILS
Name: Hameem Group
Address: 241, Tejgaon
Industrial Area,
Dhaka
Country: Bangladesh
Tel. No. : 880-2-9885029,
8813011,
Fax No. : 880-2-9887406,
E-Mail: hsm@global-bd.net
hameem@citechco.net
Established: April,
1989
Incorporation No : N/A
Incorporation Date: N/A
Legal Structure:
The members of the group
are private limited companies
incorporated With the Registrar of
Joint Stock
Companies,
Dhaka,
Business Type:
Manufacturers and
Exporters
Status: Satisfactory
Payments: No complaints
have been heard regarding payments
from local suppliers or banks.
Litigation: NIL
LOCATIONS
Head Office: 241, Tejgaon
Industrial Area,
Dhaka
Tel. No. : 880-2-9885029, 8813011,
Fax No. : 880-2-9887406,
E-Mail: hsm@global-bd.net
hameem@citechco.net
Branch: NIL
Factory: 241, Tejgaon Industrial Area,
Dhaka
Zagora,
Zirabo,
Savar,
Dhaka
SHAREHOLDER’S AND DIRECTORS
Name: Mr.Abdul
Kader Azad
Designation: Chairman & Managing
Director
Name: Mr.Abul
Bashar
Designation: Director
Name: Mr.Mominul
Haque
Designation: Director
Name: Mr.M.Ismail
Hossain
Designation: Director
BUSINESS DETAILS
Line of Business: Manufacturers
and Exporters
Items Dealing
In: Ready-Made Garments,
Sweaters
Terms of Sale: 1 Against
L/C,
BANKERS
Name: Brac
Bank Limited
Branch: Gulshan
Branch
Address: Gulshan
Dhaka
Name: Southeast
Bank Limited
Branch: Gulshan
Branch,
Address: Gulshan
Dhaka
FINANCIAL INFORMATION
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2007 |
2006 |
2005 |
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Capital Investment |
Tk.150 million |
Tk.150 million |
Tk.150 million |
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Turnover |
Tk.870 million |
Tk.868 million |
Tk.865 million |
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Liability |
Tk.28 million |
Tk.29.6 million |
Tk.30 million |
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Fixed Assets |
Tk.350 million |
Tk.350 million |
Tk.350 million |
Source: Mr.M.Ismail
Hossain/ Director
CAPITAL STRUCTURE
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Authorized Capital |
: |
N/A |
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Paid Up Capital |
: |
N/A |
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Each Share Value |
: |
N/A |
EXCHANGE RATE
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CURRENCY |
UNIT |
BANGLADESHI TAKA |
|
GB Pound |
1 |
143.7238 |
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U.S Dollar |
1 |
69.4023 |
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European Euro |
1 |
101.3730 |
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Japanese Yen |
1 |
0.6176 |
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Australian Dollar |
1 |
63.2055 |
GENERAL INFORMATION
No. of Employees: 12,300
Executives------------------65
Junior Executives---------110
Merchandisers--------------50
Quality Control----------- 335
Supervisory Staffs--------455
Support Staffs-------------110
General Staffs-------------180
Technicians-----------------90
Workers----------------10,905
Range of
Products: 1 Jackets
1 Shirts
1 Blouses
1 Sweaters
1 Pants
1 Tank Tops
1 Overalls
Office Area: 3,500
sq.ft (rented)
Factory Area: 255,000
sq.ft (rented)
Warehouse Area: 80,500
sq.ft. (Rented)
Main Clients: 1 Wal-Mart------USA/ Canada
1 Judge----------USA
1 Zara-----------USA
1 H & M---------USA
1 Target--------USA
1 Miles----------USA
1 Vegotex------Germany
Fabrics
& Accessories: 1 Hong Kong
1 China
1 Thailand
1 Local Sources
1 Pakistan
Group
Companies: 1 Hameem Garments Limited,
1 Hameem Apparels Limited,
1 Hameem Design Limited,
1 Hameem Sportswear Limited,
1 That’s It Knit Limited,
1 That’s It Sweaters
Limited,
Members : 1 Bangladesh Garments Manufacturers
& Exporters
Association, Dhaka
1 Dhaka Chamber of Commerce &
Industries, Dhaka
COMMENTS
The subject is a group of companies engaged in manufacturing
and exporting of ready-made garments to overseas countries. The qualities of
their products are good and their overseas clients.
The directors are well conversant in their line of trade and
they are also experienced businessman. They are financially solvent and good at
his business commitments, it is reported.
The company is good for normal business engagements.
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)