MIRA INFORM REPORT
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Report Date : |
02.01.2012 |
IDENTIFICATION DETAILS
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Name : |
PAHARTALI TEXTILE & HOSIERY MILLS LIMITED
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Registered Office : |
Ispahani Building, 4th floor, Sheik Mujib
Road, Agrabad C/A, Chittagong |
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Country : |
Bangladesh |
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Date of Incorporation : |
19.12.1934 |
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Com. Reg. No.: |
CH-666A |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Manufacturer & Seller of Yarns |
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No. of Employees
: |
2500 |
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$ 26,000.00 |
|
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 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
COMPANY DETAILS
|
Name |
Pahartali
Textile & Hosiery Mills Limited |
|
Address |
Ispahani
Building, 4th floor, Sheik Mujib Road, Agrabad C/A, Chittagong |
|
Country |
Bangladesh |
|
Telephone No |
880-31-716153-6 |
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Fax No |
880-31-710471,
723731 |
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E-Mail |
|
|
Website |
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Company Registration No |
CH-666A |
|
Incorporation Date |
19.12.1934 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of
Joint Stock Companies & Firms, Chittagong
|
|
Business Type |
Manufacturer & Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
LOCATIONS
|
Head Office |
Ispahani
Building, 4th floor, Sheik Mujib Road, Agrabad C/A, Chittagong Location : Owned
|
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Telephone No |
880-31-716153-6 |
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Fax No |
880-31-710471,
723731 |
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E-Mail |
|
|
Website |
|
|
Corporate Office |
Ispahani
Building, 14/15, Motijheel Commercial Area, Dhaka-1000 |
|
Branch |
M.M.Ispahani Limited, Ispahani House, 28, Khan-A-Sabur Road, |
|
Factory |
M.M.I.
Complex, North Pahartali, Chittagong-4202 |
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Factory Telephone No |
880-31-751437 |
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Factory Fax No |
N/A |
|
Warehouse |
M.M.I. Complex,
North Pahartali, Chittagong-4202 |
DIRECTORS
|
Name |
Mr. Mirza Ali
Behrauze Ispahani |
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Designation |
Chairman |
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Nationality |
Bangladeshi |
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Name |
Mr. Mirza Salman
Ispahani |
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Designation |
Managing Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Mirza Kareem
Ispahani |
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Designation |
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr. Mirza Ali
Behrauze Ispahani |
|
Share Percent |
30% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Mirza Salman
Ispahani |
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Share Percent |
50% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Mirza Kareem
Ispahani |
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Share Percent |
20% |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturer & Seller |
|
Items Dealing In |
Yarns |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
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Production
Capacity |
11,000 metric
tons per year |
|
Importers of |
Product : Raw
Cotton Country India,
USA, Pakistan |
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Types of Customers
|
· Retailers · Wholesalers |
BANKERS
|
Name |
Janata Bank
Limited |
|
Branch |
Agrabad Branch |
|
Address |
Agrabad C/A, Chittagong |
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SWIFT |
N/A |
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|
Name |
United Commercial Bank Limited |
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Branch |
Agrabad Branch |
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Address |
Agrabad C/A, Chittagong |
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SWIFT |
N/A |
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|
|
|
Name |
Prime Bank Limited |
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Branch |
Pahartali Branch |
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Address |
Pahartali, Chittagong |
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SWIFT |
N/A |
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|
|
|
Name |
HSBC Bank |
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|
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|
Name |
Rupali Bank Limited |
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|
Name |
Citi NA |
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|
|
|
Name |
Standard Chartered Bank |
FINANCIAL INFORMATION
|
Year |
2010 |
2009 |
2008 |
|
Investment |
Tk.62 million |
Tk.62 million |
Tk.60 million |
|
Turnover |
Tk.473.6 million |
Tk.473 million |
Tk.471.2 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.83 million |
Tk.83 million |
Tk.80 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.50 million |
|
Paid Up Capital |
Tk.200,000.00 |
|
Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
126.5601 |
|
U.S Dollar |
1 |
81.9000 |
|
European Euro |
1 |
105.9786 |
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$ 26,000.00 |
90 Days |
Information Parted
By:
Name : Mr. Nurul Islam
Designation : Accounts Department
Mobile No. : 0880-31-716156
Date : 31.12.2010
GENERAL INFORMATION
|
Employees |
2500 |
|
Office Area (Sq.
Ft) |
2,500 sq.ft (own) |
|
Garden Area (Sq.
Ft) |
40,500 sq.ft (own) |
|
Warehouse Area
(Sq. Ft) |
4,000 sq.ft. (own) |
|
Range of
Products |
4 Yarns |
|
Certifications |
NIL |
|
Group Name |
4 Ispahani Group
of Companies |
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Subsidiaries /
Affiliates |
4 A.B. Ispahani
Securities Limited 4 Ispahani
Agencies Limited 4 Ispahani Agro
Limited 4 Ispahani
Beverage & Foods Ltd 4 Ispahani
Diagnostic Center Ltd\ 4 Ispahani
Distribution Limited 4 Ispahani Foods
Limited 4 Ispahani
Marshall Limited 4 Ispahani Media
Agency Limited 4 Ispahani Model
Agro Limited 4 Ispahani Real
Estate & Developers Limited 4 Ispahani Summit
Alliance Terminals Ltd 4 Ispahani
Travels Limited 4 Ispahani Tea
Ltd 4 Sadri Ispahani
and Sons Limited 4 Chittagong Jute Manufacturing Co. Ltd 4 Free School Street Property Limited 4 Nasirabad Properties Limited 4 Sikomi Properties Limited 4 Zarreen Farms
Limited 4 Broad Band Telecom Services Limited 4 Pahartali Power House 4 M.M. Ispahani Limited |
|
Member |
4 Chittagong
Chamber of Commerce & Industry, Chittagong 4 Bangladesh
Textile Mills Association |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.27 |
|
UK Pound |
1 |
Rs.82.09 |
|
Euro |
1 |
Rs.68.90 |
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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.