MIRA INFORM REPORT
|
Report Date : |
05.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
HAMEEM GROUP |
|
|
|
|
Registered Office : |
241, Tejgaon Industrial
Area, Dhaka-1208 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
April, 1989 |
|
|
|
|
Com. Reg. No.: |
Not Available |
|
|
|
|
Legal Form : |
The members of the group are private limited and some other proprietorship company |
|
|
|
|
Line of Business : |
Manufacturer & Exporter of Denim
Fabrics |
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$ 40,000.00 |
|
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 |
Hameem Group |
|
Address |
241,
Tejgaon Industrial Area, Dhaka-1208 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-8813011,
8811149, 9885029 |
|
Fax No |
880-2-8826090 |
|
E-Mail |
|
|
Website |
|
|
Established |
April, 1989 |
|
Company Registration No |
N/A |
|
Registration date |
N/A |
|
Legal Status |
The members of the group are private
limited and some other proprietorship company |
|
Issuing Authority |
The Registrar of Joint Stock Companies & Firms, Dhaka |
|
Business Type |
Manufacturer, Seller & Exporter |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local suppliers
or banks. |
LOCATIONS
|
Head Office |
241, Tejgaon
Industrial Area, Dhaka-1208 |
|
Telephone No |
880-2-8813011,
8811149, 9885029 |
|
Fax No |
880-2-8826090 |
|
E-Mail |
|
|
Website |
|
|
Branch |
NIL |
|
Factory |
4 241, Tejgaon I/A, Dhaka,
Bangladesh 4 83, K. M. Plaza, Ibrahimpur,
Dhaka, Bangladesh 4 Holland Centre, 72/1 Middle
Badda, Progoti Sharani, Gulshan, Dhaka, Bangladesh 4 Nishat Nagar, Tongi, Gazipur,
Bangladesh 4 232-233 East Narashinshapur,
Ashulia, Dhaka 4 Sripur, Maona, Gazipur,
Bangladesh |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
4 241, Tejgaon I/A, Dhaka,
Bangladesh 4 83, K. M. Plaza, Ibrahimpur,
Dhaka, Bangladesh 4 Holland Centre, 72/1 Middle
Badda, Progoti Sharani, Gulshan, Dhaka, Bangladesh 4 Nishat Nagar, Tongi, Gazipur,
Bangladesh 4 232-233 East Narashinshapur,
Ashulia, Dhaka 4 Sripur, Maona, Gazipur, Bangladesh |
DIRECTORS
|
Name |
Mr. AK Azad |
|
Designation |
Chairman &
Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
LT. COL Mohammad Delwar Hossain PSC (RTD) |
|
Designation |
Deputy Managing
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Mominul
Haque |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. M. Ismail
Hossain |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Abul Bashar |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturer & Exporter |
|
Items Dealing In |
Denim Fabrics |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Export: Against L/C |
|
Production
Capacity |
48 million pieces per year |
BANKERS
|
Name |
Brac Bank
Limited |
|
Branch |
Gulshan Branch |
|
Address |
Gulshan, Dhaka |
|
SWIFT |
N/A |
|
|
|
|
Name |
Southeast Bank
Limited |
|
Branch |
Gulshan Branch |
|
Address |
Gulshan, Dhaka |
|
SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2010 |
2009 |
2008 |
|
Investment |
Tk.152 million |
Tk.152 million |
Tk.152 million |
|
Turnover |
Tk.875 million |
Tk.873.8 million |
Tk.873 million |
|
Liability |
Tk.23 million |
Tk.24.2 million |
Tk.25 million |
|
Assets |
Tk.355 million |
Tk.353 million |
Tk.353 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
N/A |
|
Paid Up Capital |
N/A |
|
Each Share Value |
N/A |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
121.6291 |
|
U.S Dollar |
1 |
76.2900 |
|
European Euro |
1 |
104.7843 |
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$ 40,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
15,000 |
|
Office Area (Sq.
Ft) |
3,500 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
300,000 sq.ft (rented) |
|
Warehouse Area
(Sq. Ft) |
85,500 sq.ft. (Rented) |
|
Range of Products |
4 Bottom Wear 4 Critical Cargos 4 HI-Fashion Denim Jeans 4 Basic and Hi-Fashion Washes 4 Wrinkle Free 4 Laser Finish / 3D Whisker 4 Men’s Shirts 4 Dress Pants 4 Outwear/Jackets Facility |
|
Export
Market |
4 ABERCROMBIE & FITCH 4 AMERICAN EAGLE 4 GAP / OLD NAVY 4 JC PENNEY 4 KOHL’S 4 VF (WRANGLER, LEE, NAUTICA) 4 TARGET 4 PVH (CALVIN &
KLEIN,TIMBERLAND, IZOD) 4 OSHKOSH / CARTER 4 WALMART 4 GYMBOREE 4 PARRY ELLIS 4 NEXT 4 H & M 4 ZARA 4 TESCO 4 MANGO 4 LINDEX |
|
Certifications |
NIL |
|
Group Name |
N/A |
|
Group Companies |
4 That’s It Fashions Ltd 4 Ha-Meem Apparels Ltd 4 Ha-Meem Design Ltd 4 That’s It Garments Ltd 4 That’s It Sports Wear
Ltd 4 Apparels Gallery Ltd 4 Artistic Design Ltd. 4 Refat Garments Ltd 4 Trouser Line Ltd 4 Modern Washing Plant 4 Sajid Washing Plant
and Dry Process 4 Creative Wahing Plant 4 Express Washing Plant 4 That’s It Knit Ltd 4 HA-Meem
Denims Ltd 4 Nishat
Jute Mills Ltd |
|
Member |
4 Bangladesh Garments Manufacturers
& Exporters, Association, Dhaka 4 Dhaka Chamber of Commerce &
Industries, Dhaka |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.08 |
|
UK Pound |
1 |
Rs.78.65 |
|
Euro |
1 |
Rs.67.79 |
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.