MIRA
INFORM REPORT
|
Report Date : |
24.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
TALHA FABRICS LIMITED |
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|
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Registered Office : |
Adamjee Court Main Building(5th Floor),
115-120,Motijheel C/A,Dhaka-1000 |
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Country : |
Bangladesh |
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Date of Incorporation : |
18.03.2006 |
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Com. Reg. No.: |
C-69096 |
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Legal Form : |
Private Limited |
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Line of Business : |
Manufacturer &
Seller of Fabrics |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
US$ 28,000.00 |
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|
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Bangladesh |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
COMPANY DETAILS
|
Name |
Talha Fabrics
Limited |
|
Address |
Adamjee Court Main Building(5th Floor), 115-120,Motijheel C/A,Dhaka-1000 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-7176207-8 |
|
Fax No |
880-31-9564336 |
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E-Mail |
nomangr@bangla.net |
|
Website |
www.nomangroup.com |
|
Established |
2006 |
|
Company Registration No |
C-69096 |
|
Registration date |
18th March 2006 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of
Joint Stock Companies & Firms, Dhaka |
|
Business Type |
Manufacturer & Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
LOCATIONS
|
Head Office |
Adamjee Court Main Building(5th Floor), 115-120,Motijheel C/A,Dhaka-1000 |
|
Telephone No |
880-2-7176207-8 |
|
Fax No |
880-31-9564336 |
|
E-Mail |
nomangr@bangla.net |
|
Website |
www.nomangroup.com |
|
Branch |
NIL |
|
Factory |
Mowna, Sreepur, Gazipur |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
Mowna, Sreepur, Gazipur |
DIRECTORS
|
Name |
Mr. Mohammad Nurul Islam |
|
Designation |
Chairman |
|
Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Imran Ahmed Chowdhury |
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Designation |
Managing Director |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Nazrul Islam |
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Designation |
Director |
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Nationality |
Bangladeshi |
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|
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|
Name |
Ms. Sufia Khatun |
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Designation |
Director |
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Nationality |
Bangladeshi |
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|
|
Name |
Ms. Yasmin Akhter |
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Designation |
Director |
|
Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr. Mohammad Nurul Islam |
|
Share Percent |
30% |
|
Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Imran Ahmed Chowdhury |
|
Share Percent |
30 % |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Nazrul Islam |
|
Share Percent |
20 % |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Ms. Sufia Khatun |
|
Share Percent |
10 % |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Ms. Yasmin Akhter |
|
Share Percent |
10 % |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturer & Seller |
|
Items Dealing In |
Fabrics |
|
Terms of Purchase |
Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
|
Production
Capacity |
32 million
meters per year |
|
Last Year
Production |
32 million
meters |
BANKERS
|
Name |
Dhaka Bank Limited |
|
Branch |
Motijheel Branch |
|
Address |
Motijheel Commercial Area, Dhaka |
|
SWIFT |
N/A |
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|
|
|
Name |
Dutch Bangla Bank Limited |
|
Branch |
Motijheel Branch |
|
Address |
Motijheel Commercial Area, Dhaka |
|
SWIFT |
N/A |
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|
|
|
Name |
Jamuna Bank Limited |
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Branch |
Motijheel Branch |
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Address |
Motijheel Commercial Area, Dhaka |
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SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2010 |
2009 |
2008 |
|
Investment |
Tk.34 million |
Tk.32 million |
Tk.32 million |
|
Turnover |
Tk.310 million |
Tk.308.6 million |
Tk.308 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.52 million |
Tk.50 million |
Tk.50 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.300 million |
|
Paid Up Capital |
Tk.30 Million |
|
Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
122.3721 |
|
U.S Dollar |
1 |
74.3000 |
|
European Euro |
1 |
106.7245 |
ADVERSE DATA MONITORING
|
Dishonored
Checks |
No 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 |
MAXIMUM RECOMMENDED CREDIT
|
Amount |
Based On |
|
US$ 28,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
280 |
|
Office Area (Sq.
Ft) |
2,500 Sq.ft (own) |
|
Factory Area
(Sq. Ft) |
40,000 sq.ft (rented) |
|
Warehouse Area
(Sq. Ft) |
8,500 Sq.ft (own) |
|
Range of
Products |
4 Fabrics |
|
Certifications |
NIL |
|
Group Name |
4 Noman Group |
|
Subsidiaries /
Affiliates |
4 Ismail Spinning
Mills Ltd 4 Noman Spinning
Mills Ltd 4 Yasmin Spinning
Mills Ltd 4 Sufia Cotton
Mills Ltd 4 Zaber Spinning
Mills Ltd 4 Zubair Spinning
Mills Ltd 4 Talha Spinning
Mills Ltd 4 Noman Textile
Mills Ltd 4 Ismail Textile
Mills Ltd 4 Saad Saan
Textile Mills Ltd 4 Noman Textile
Mills Ltd 4 Noman Composite
Textile Ltd 4 Noman Weaving
Mills Ltd 4 Zarba Textile
Mills Ltd 4 Noman Home
Textile Ltd 4 Noman Fabrics
Ltd 4 Talha Texpro
Ltd 4 Zaber &
Zubair Fabrics Ltd 4 Ismail Anzuman
Ara Fabrics Ltd 4 Marium Textile
Mills Ltd 4 Sufia Fabrics
Ltd 4 Artex Fabrics
Ltd 4 Zaber &
Zubair Accessories Ltd 4 Noman Terry
Towel Mills Ltd 4 Nice Denim
Mills Ltd |
|
Member |
4 Dhaka Chamber
of Commerce & Industry, Dhaka 4 Bangladesh
Textile Mills Association, Dhaka |
COMMENTS
The subject is a private limited company engaged in
manufacturing & selling of fabrics in local market. The subject is a
concern of Noman Group.
The directors are experienced people in this line of trade.
They are reported to be financially healthy and strong in their business
commitments.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.68 |
|
|
1 |
Rs.75.29 |
|
Euro |
1 |
Rs.65.77 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.