MIRA INFORM REPORT

 

 

Report Date :

10.07.2012

 

IDENTIFICATION DETAILS

 

Name :

NOMAN TEXTILE MILLS LIMITED

 

 

Registered Office :

Adamjee Court Main Building(5th Floor), 115-120,Motijheel C/A,Dhaka-1000

 

 

Country :

Bangladesh

 

 

Financials (as on) :

2011

 

 

Date of Incorporation :

1995

 

 

Com. Reg. No.:

C-29841

 

 

Legal Form :

Private Limited

 

 

Line of Business :

Manufacturer of Fabrics 

 

 

No. of Employees :

380

 

 

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

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

 

 

COMPANY DETAILS

 

Name

Noman Textile Mills Limited

Address

Adamjee Court Main Building(5th Floor), 115-120,Motijheel C/A,Dhaka-1000

Country

Bangladesh

Telephone No

 
880-2-7176207-8

Fax No

880-31-9564336

E-Mail

 
nomangr@bangla.net

Website

www.nomangroup.com

Established

1995

Company Registration No

C-29841

Registration date

5th April 1997

Legal Status

Private Limited

Issuing Authority

The Registrar 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.

 

 

LOCATIONS

 

Head Office

Adamjee Court Main Building(5th Floor), 115-120,Motijheel C/A,Dhaka-1000

Telephone No

 
880-2-7176207-8

Fax No

880-31-9564336

E-Mail

 
nomangr@bangla.net

Website

www.nomangroup.com

Branch

NIL

Factory

Mowna, Sreepur, Gazipur

Factory Telephone No

 
N/A

Factory Fax No

N/A

Warehouse

Mowna, Sreepur, Gazipur

 

DIRECTORS

 

Name

Mr. Mohammad Nurul Islam

Designation

Chairman

Nationality

Bangladeshi

 

 

Name

Mr. A.S.M Rafiqul Islam

Designation

Managing Director

Nationality

Bangladeshi

 

 

Name

Mr. Nazrul Islam

Designation

Director

Nationality

Bangladeshi

 

 

Name

Ms. Sufia Khatun

Designation

Director

Nationality

Bangladeshi

 

 

Name

Ms. Yasmin Akhter

Designation

Director

Nationality

Bangladeshi

 

 

SHAREHOLDERS

 

Name

Mr. Mohammad Nurul Islam

Share Percent

30%

Nationality

Bangladeshi

 

 

Name

Mr. A.S.M Rafiqul Islam

Share Percent

30 %

Nationality

Bangladeshi

 

 

Name

Mr. Nazrul Islam

Share Percent

20 %

Nationality

Bangladeshi

 

 

Name

Ms. Sufia Khatun

Share Percent

10 %

Nationality

Bangladeshi

 

 

Name

Ms. Yasmin Akhter

Share Percent

10 %

Nationality

Bangladeshi

 

 

BUSINESS DETAILS

 

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

 

 

BANKERS

 

Name

Prime Bank Limited

Branch

Motijheel Branch

Address

Motijheel Commercial Area, Dhaka

SWIFT

N/A

 

 

FINANCIAL INFORMATION

 

Year

2011

2010

 

2009

Investment

Tk.44 million

Tk.42 million

Tk.42 million

Turnover

Tk.329 million

Tk.327.6 million

Tk.327 million

Liability

NIL

NIL

NIL

Assets

Tk.54 million

Tk.52 million

Tk.52 million

 

 

CAPITAL STRUCTURE

 

Authorized Capital

Tk.30 million

Paid Up Capital

Tk.2.35 Million

Each Share Value

Tk.100.00

 

 

CURRENCY EXCHANGE RATE

 

Currency

Unit

Bangladeshi Taka (BDT)

 

Great Britain Pound

1

127.6310

U.S Dollar

1

81.8200

European Euro

1

102.5286

 

 

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

 

 

GENERAL INFORMATION

 

Employees

380

Office Area (Sq. Ft)

2,500 Sq.ft (own)

Factory Area (Sq. Ft)

40,000 sq.ft (rented)

Warehouse Area (Sq. Ft)

8,500 Sq.ft (own)

Range of Products

4 Gray Fabrics

Certifications

NIL

Group Name

Noman Group

Subsidiaries / Affiliates

4 Ismail Spinning Mills Ltd

4 Noman Spinning Mills Ltd

4 Yasmin Spinning Mills Ltd

4 Sufia Cotton Mills Ltd

4 Zaber Spinning Mills Ltd

4 Zubair Spinning Mills Ltd

4 Talha Spinning Mills Ltd

4 Noman Textile Mills Ltd

4 Ismail Textile Mills Ltd

4 Saad Saan Textile Mills Ltd

4 Noman Weaving Mills Ltd

4 Noman Composite Textile Ltd

4 Talha Fabrics Ltd

4 Zarba Textile Mills Ltd

4 Noman Home Textile Ltd

4 Noman Fabrics Ltd

4 Talha Texpro Ltd

4 Zaber & Zubair Fabrics Ltd

4 Ismail Anzuman Ara Fabrics Ltd

4 Marium Textile Mills Ltd

4 Sufia Fabrics Ltd

4 Artex Fabrics Ltd

4 Zaber & Zubair Accessories Ltd

4 Noman Terry Towel Mills Ltd

4 Nice Denim Mills Ltd

Member

4 Dhaka Chamber of Commerce & Industry, Dhaka

4 Bangladesh Textile Mills Association, Dhaka

 

 

BUSINESS TREND & PROSPECT

 

Business Scale           

Fairly Large

Business Trend

Growing

Management Capability

Good

Reputation

Good

 

 

Parting information

 

Name

Mr. Mizan

Designation

Office Executive

Mobile

(880)-2-7176207

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.02

UK Pound

1

Rs.86.77

Euro

1

Rs.68.82

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

Calling

JML

 

 

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.