MIRA INFORM REPORT

 

 

Report Date :

20.01.2012

 

IDENTIFICATION DETAILS

 

Name :

HYACINTH FABRICS MILLS LIMITED

 

 

Registered Office :

House#190, (west 1st Floor) Road#02 D.O.H.S Baridhara, Dhaka

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

24.07.2008  

 

 

Com. Reg. No.:

C-72323

 

 

Legal Form :

Public Limited

 

 

Line of Business :

Manufacturer, Exporter & Seller of Fabrics

 

 

No. of Employees :

370

 

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 – September 30, 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

Hyacinth Fabrics Mills Limited

Factory

Plot#155, Nagarchar, Rajfulbaria, Savar, Dhaka

Note: The subject operates from this address.

Country

Bangladesh

Telephone No

880-2-8411890

Fax No

880-2-8411890

E-Mail

khayer@hyacinthfabrics.com, feroz@hyacinthfabrics.com

Website

www.hyacinthfabrics.com

Established

2008

Company Registration No

C-72323

Registration date

24th July 2008  

Legal Status

Public Limited

Issuing Authority

The Registrar of Joint Stock Companies & Firms, Dhaka

Business Type

Manufacturer, Exporter & Seller

Status

Satisfactory

Payment Behavior

No complaints have been heard regarding payments

from local suppliers or banks.

 

 

LOCATIONS

 

Head Office

House#190, (west 1st Floor) Road#02 D.O.H.S Baridhara, Dhaka

Telephone No

880-2-8411890, 1713301292, 1714100443

Fax No

880-2-8411890

E-Mail

khayer@hyacinthfabrics.com, feroz@hyacinthfabrics.com

feroz2045@gmail.com

Website

www.hyacinthfabrics.com

Branch

NIL

Factory 1

Plot#155, Nagarchar, Rajfulbaria, Savar, Dhaka

Factory Telephone No

880-2-8411890

Factory Fax No

880-2-8411890

Factory 2

Dighi Borabo, Rupgonj, naranganj, Dhaka

Tel. No.

008802 – 8411890

Fax No.

880-2-8411890

Warehouse

Plot#155, Nagarchar, Rajfulbaria, Savar, Dhaka

DIRECTORS

 

Name

Mr. Mohammad Feroz Ahammed

Designation

Chairman

Nationality

Bangladeshi

 

 

Name

Mr. Mohammad Khayer Mia

Designation

Managing Director

Nationality

Bangladeshi

 

 

SHAREHOLDERS

 

Name

Mr. Mohammad Feroz Ahammed

Share Percent

50%

Nationality

Bangladeshi

 

 

Name

Mr. Mohammad Khayer Mia

Share Percent

50%

Nationality

Bangladeshi

 

 

BUSINESS DETAILS

 

Line of Business

Manufacturer, Exporter & Seller

Items Dealing In

Fabrics

Terms of Purchase

Local: Cash or Credit

Import: Against L/C

Terms of Sale

Local: Cash or Credit

 

 

BANKERS

 

Name

Prime Bank Limited

Branch

Mohakhali Branch

Address

69, Mohakhali C/A, Mohakhali, Dhaka

SWIFT

PRBLBDDHA007

FINANCIAL INFORMATION

 

Year

2011

2010

 

2009

Investment

Tk.32 million

Tk.30 million

Tk.30 million

Turnover

Tk.346.8 million

Tk.345.6 million

Tk.345 million

Liability

NIL

NIL

NIL

Assets

Tk.50 million

Tk.48 million

Tk.48 million

 

 

CAPITAL STRUCTURE

 

Authorized Capital

Tk.30 million

Paid Up Capital

Tk.3 million

Each Share Value

Tk.100.00

 

 

EXCHANGE RATE

 

Currency

Unit

Bangladeshi Taka (BDT)

Great Britain Pound

1

129.8967

U.S Dollar

1

84.1300

European Euro

1

108.2164

 

 

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

370

Office Area (Sq. Ft)

2,000 sq.ft (owned)

Factory Area (Sq. Ft)

40,000 sq.ft (rented)

Warehouse Area (Sq. Ft)

7,200 sq.ft. (rented)

Range of Products

4 Poplin

4 Twills

4 Sheeting

4 Canvas

4 Ribstop

4 Bedford Cord

4 Oxford

4 Panama Canvas

4 Voil

4 Fine Twills

4 Broken Twills

4 Yarn Dyeing Fabrics

4 Fancy Fabric

Major Clients 

Wholesaler

Retailers

End User

 

Foreign Buyer:

4 Li & Fung Group       

4 Low land

4 Tally            

4 Zara

4 Up2Date      

4 Bgex Ltd

4 Kappa          

4 BIQS

4 Shoclothing Ltd        

4 Mane Enterprise

4 Kappahl       

4 Design Merchant

4 Norwest Industries Ltd           

4 Cherry Field Trading BD

4 Hasir Salaer Ltd        

4 Three Star Ltd

4 Tex Styel     

4 Rada mony

4 Padma Ltd   

4 Standard Group

4 Euro Stitch Ltd                       

4 Liftes                         

4 Inkore

 

Local Buyer:

4 Windy Group

4 Orient group.

4 N k l Garment

4 Critive garment.

4 Mojumder

4 AKH garment

4 Paradise group         

4 Babylon

4 Anarkoli Garment

4 Florence

4 Kimberly Garment

4 Shinest

4 Image Garment         

4 Sad San garment

4 Niddle Drop  

4 Capry Garments

4 Borax apparel           

4 Excellent Garments

4 A-Plus         

4 Union Garment

4 Mage & Liz  

4 Interco Garment

4 Evergreen     

4 Aman Knitwear

4 Pandomik Garment   

4 Southern Garment

4 Youth Fashion          

4 Kent Fashion

Certifications

NIL

Group Name

NIL 

Subsidiaries / Affiliates

4 KFL Textile Mills Limited

Member

4 Bangladesh Textile Mills Association, Dhaka

4 Dhaka Chamber of Commerce & Industries, Dhaka

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.29

UK Pound

1

Rs.77.60

Euro

1

Rs.64.67

 

 

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.