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Report Date : |
13.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
HAMID WEAVING MILLS LIMITED |
|
|
|
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Registered Office : |
Hamid Tower (5th & 6th Floor) 24, Gulshan C/A, Circle-2, Dhaka-1212 |
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Country : |
Bangladesh |
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|
|
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Date of Incorporation : |
13.01.2008 |
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|
|
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Com. Reg. No.: |
C-62096 |
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|
|
|
Legal Form : |
Private
Limited Company |
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|
|
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Line of Business : |
Manufacturer & Seller of Fabrics |
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|
|
|
No. of Employees : |
620 |
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 |
|
Status : |
Satisfactory |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Bangladesh |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Name |
Hamid Weaving Mills Limited |
|
Address |
Shilmandi, Norshingdi |
|
Country |
Bangladesh |
|
Telephone No |
880-2-8834564-5,
8834104, 9894589, 8814775, 8833549 |
|
Fax No |
880-2-8813077 |
|
E-Mail |
|
|
Website |
|
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Established |
2008 |
|
Company Registration No |
C-62096 |
|
Registration date |
13th
January 2008 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Register 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. |
|
Head Office |
Hamid
Tower (5th & 6th Floor) 24, Gulshan C/A, Circle-2,
Dhaka-1212 |
|
Telephone No |
880-2-8834564-5,
8834104, 9894589, 8814775, 8833549 |
|
Fax No |
880-2-8813077 |
|
E-Mail |
|
|
Website |
|
|
Branch |
NIL |
|
Factory |
Shilmandi, Norshingdi |
|
Factory Telephone No |
880-2-9347427, 06251685 |
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Factory Fax No |
NIL |
|
Warehouse |
Shilmandi, Norshingdi |
|
Name |
Mr.
Abdul-Al-Mahmud |
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Designation |
Chairman & Managing Director |
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Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. A.H.M. Mozammel Haque |
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Designation |
Director |
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Nationality |
Bangladeshi |
|
Name |
Mr.
Abdul-Al-Mahmud |
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Share Percent |
60% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. A.H.M. Mozammel Haque |
|
Share Percent |
40% |
|
Nationality |
Bangladeshi |
|
Line of Business |
Manufacturer & Seller |
|
Items Dealing In |
Fabrics |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
|
Production
Capacity |
16.8 million
yards per year |
|
Name |
Prime Bank
Limited |
|
Branch |
Gulshan Branch |
|
Address |
Gulshan, Dhaka |
|
SWIFT |
N/A |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.30 million |
Tk.30 million |
Tk.28 million |
|
Turnover |
Tk.322.6 million |
Tk.322 million |
Tk.320 million |
|
Liability |
Tk.9.5 million |
Tk.10 million |
Tk.11 million |
|
Assets |
Tk.38 million |
Tk.38 million |
Tk.36 million |
|
Authorized
Capital |
Tk.30 million |
|
Paid Up Capital |
Tk.100,000.00 |
|
Each Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
127.3519 |
|
U.S Dollar |
1 |
81.5000 |
|
European Euro |
1 |
101.0518 |
|
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 |
|
Employees |
620 |
|
Office Area (Sq.
Ft) |
2,100 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
30,000 sq.ft (rented) |
|
Warehouse Area
(Sq. Ft) |
4,000 sq.ft.(rented) |
|
Range of
Products |
4 Twill 4 Canvas 4 Dobby 4 Stretch Fabric 4 Poplin |
|
Major
Clients |
4 Local Export Oriented Garments Inductries |
|
Fabrics &
Accessories |
4 China 4 Hong Kong 4 India 4
Pakistan 4 local
Sources |
|
Certifications |
NIL |
|
Group Name |
4 Mahin Group |
|
Subsidiaries /
Affiliates |
4 Hamid Fabrics Limited 4 Mahin Apparels Limited 4 Crystal Insurance Co., Limited 4 Crystal Washing 4 Hilton Dhaka |
|
Member |
4 Bangladesh Textile Mills
Association 4 Dhaka Chamber of Commerce &
Industries, Dhaka |
|
Business Scale |
Fairly Large |
|
Business Trend |
Growing |
|
Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.34 |
|
UK Pound |
1 |
Rs.86.45 |
|
Euro |
1 |
Rs.68.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.