MIRA INFORM REPORT

 

 

Report Date :

31.03.2011

 

IDENTIFICATION DETAILS

 

Name :

HOSSAIN DYEING & PRINTING MILLS LIMITED

 

 

Registered Office :

Baitul Hossain Building (14th Floor), 27 Dilkusha C/A, Dhaka-1000

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

17.07.1982

 

 

Com. Reg. No.:

C-11735

 

 

Legal Form :

Private Limited

 

 

Line of Business :

Spinning, Weaving, Dyeing, Printing, Finishing, Yarn Dyeing & Exporting

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

US$ 25,000.00

 

 

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 – December 31, 2010

 

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

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

Hossain Dyeing & Printing Mills Limited

Address

Baitul Hossain Building (14th Floor), 27 Dilkusha C/A, Dhaka-1000,

Country

Bangladesh

Telephone No

880-2-9564033

Fax No

880-2-9564020

E-Mail

mail@anwargroup.com

Website

www.anwargroup.com

Established

1982

Company Registration No

C-11735

Registration date

17th July 1982

Legal Status

Private Limited

Issuing Authority

The Registrar of Joint Stock Companies & Firms, Dhaka

Business Type

Spinning, Weaving, Dyeing, Printing, Finishing, Yarn Dyeing & Exporting

Status

Satisfactory

Payment Behavior

No complaints have been heard regarding payments 

from local suppliers or banks.

 

 

LOCATIONS

 

Head Office

Baitul Hossain Building (14th Floor), 27 Dilkusha C/A, Dhaka-1000, Bangladesh

Telephone No

880-2-9564033

Fax No

880-2-9564020

E-Mail

mail@anwargroup.com

Website

www.anwargroup.com

Branch

NIL

Factory

Tongi, Gazipur

Factory Telephone No

NIL

Factory Fax No

NIL

Warehouse

Tongi, Gazipur

 

DIRECTORS

 

Name

Mr. Anwar Hossain

Designation

Chairman

Nationality

Bangladeshi

 

 

Name

Mr. Hossain Mehmood

Designation

Managing Director

Nationality

Bangladeshi

 

 

Name

Mrs. Amena Anwar

Designation

Director

Nationality

Bangladeshi

 

 

Name

Mrs. Shahina Akhter

Designation

Director

Nationality

Bangladeshi

 

 

Name

Mrs. Selina Tareq

Designation

Director

Nationality

Bangladeshi

 

 

Name

Mrs. Hasina Aman

Designation

Director

Nationality

Bangladeshi

 

 

Name

Mr. Manwar Hossain

Designation

Director

Nationality

Bangladeshi

 

 

Name

Mrs. Shahnaz Rashid

Designation

Director

Nationality

Bangladeshi

 

SHAREHOLDERS

 

Name

Mr. Anwar Hossain

Share Percent

20%

Nationality

Bangladeshi

 

 

Name

Mr. Hossain Mehmood

Share Percent

20%

Nationality

Bangladeshi

 

 

Name

Mrs. Amena Anwar

Share Percent

10%

Nationality

Bangladeshi

 

 

Name

Mrs. Shahina Akhter

Share Percent

10%

Nationality

Bangladeshi

 

 

Name

Mrs. Selina Tareq

Share Percent

10%

Nationality

Bangladeshi

 

 

Name

Mrs. Hasina Aman

Share Percent

10%

Nationality

Bangladeshi

 

 

Name

Mr. Manwar Hossain

Share Percent

10%

Nationality

Bangladeshi

 

 

Name

Mrs. Shahnaz Rashid

Share Percent

10%

Nationality

Bangladeshi

 

BUSINESS DETAILS

 

Line of Business

Spinning, Weaving, Dyeing, Printing, Finishing, Yarn Dyeing & Exporting

Items Dealing In

Fabrics & Towels

Terms of Purchase

Local: Cash or Credit

Import: Against L/C

Terms of Sale

Local: Cash or Credits

 

 

BANKERS

 

Name

Standard Chartered Bank

Branch

Principal Office Branch

Address

Dilkusha C/A, Dhaka

SWIFT

N/A

 

 

Name

The City Bank Limited

Branch

Principal Office Branch

Address

Dilkusha C/A, Dhaka

SWIFT

N/A

 

 

FINANCIAL INFORMATION

 

Year

2008

2007

 

2006

Investment

Tk.42 million

Tk.40 million

Tk.40 million

Turnover

Tk.484 million

Tk.482.8 million

Tk.482 million

Liability

NIL

NIL

NIL

Assets

Tk.68 million

Tk.65 million

Tk.65 million

 

* The subject has flatly refused to reveal any financial information. Whatever shown here are collected unofficially and as such its authenticity could not be verified.

 

CAPITAL STRUCTURE

 

Authorized Capital

Tk.30 million

Paid Up Capital

Tk.250,000.00

Each Share Value

Tk.100

 

 

EXCHANGE RATE

 

Currency

Unit

Bangladeshi Taka (BDT)

 

Great Britain Pound

1

116.3447

U.S Dollar

1

72.7200

European Euro

1

102.4625

 

 

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$ 25,000.00

90 Days

 

 

GENERAL INFORMATION

 

Employees

1,500

Office Area (Sq. Ft)

6,980 (own)

Factory Area (Sq. Ft)

50,000 (own)

Warehouse Area (Sq. Ft)

10,000 (own)

Range of Products

4 Fabrics

4 kitchen towel

4 Terry Towel

Export Market 

4 England

4 EEC countries

4 USA

4 Japan

4 Dubai

Local Clients

4 Local 100% Export Oriented Garments Industries

Certifications

NIL

Group Name

4 Anwar Group

Subsidiaries / Affiliates

4 Anwar Cement Ltd

4 Anwar Galvanizing Ltd

4 A-One Polymer Ltd

4 Sun Shine Cables & Rubber Works Ltd

4 Khaled Iron & Steels Ltd

4 Anwar Silk Mils Ltd

4 Anwar Yarn Dyeing Ltd

4 Anwar Ispat Ltd

4 Mehmud Industries (Pvt.) Ltd

4 Anwar Jute Spinning Mills Ltd

4 Anwar Specialized Jute Goods Ltd

4 AG Automobiles Ltd

4 in2it Interactive Ltd

4 Anwar Export-Import Company

4 Triumph Engineering Ltd

4 Kaba Trading Company

4 Mala Corporation

4 Anwar Landmark Ltd

4 Athena’s Furniture & Home Decor

Member

4 Bangladesh Textile Mills Association, Dhaka

4 Dhaka Chamber of Commerce & Industries, Dhaka

 

 

COMMENTS

 

The subject is a private limited company engaged in Spinning, Weaving, Dyeing, Printing, Finishing, Yarn Dyeing & exporting of fabrics & towels. The Subject is a concern of Anwar Group, a renowned business house of Bangladesh. 

 

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.

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.77

UK Pound

1

Rs.71.69

Euro

1

Rs.63.02

 

 

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%)

 

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.