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Report Date : |
10.07.2012 |
IDENTIFICATION DETAILS
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Name : |
UNICOM TEXTILE MILLS LIMITED |
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Registered Office : |
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Country : |
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Date of Incorporation : |
14.06.1994 |
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Com. Reg. No.: |
C-24892 |
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Legal Form : |
Public Limited
Company |
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Line of Business : |
Manufacturing, Selling & Exporting of Fabrics |
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No. of Employees : |
400 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 |
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Restricted |
C2 |
|
Off-credit |
D |
|
Name |
Unicom Textile
Mills Limited |
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Address |
Youth Tower,
822/2 Rokeya Sarani, Dhaka-1216 |
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Country |
Bangladesh |
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Telephone No |
880-2-8052417 ext - 140 |
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Fax No |
880-2-8052418 |
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E-Mail |
|
|
Website |
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Established |
1994 |
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Company Registration No |
C-24892 |
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Registration date |
14th June 1994 |
|
Legal Status |
Public Limited |
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Issuing Authority |
The
Registrar of Joint Stock Companies & Firms, Dhaka |
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Business Type |
Manufacturer,
Seller & Exporter |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
|
Head Office |
Youth Tower,
822/2 Rokeya Sarani, Dhaka-1216 |
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Telephone No |
880-2-8052417 ext - 140 |
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Fax No |
880-2-8052418 |
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E-Mail |
|
|
Website |
|
|
Branch |
NIL |
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Factory |
|
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Factory Tel No |
NIL |
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Factory Fax No |
NIL |
|
Warehouse |
Narayanganj |
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Name |
Mr. Ashraf Uddin
Dewan |
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Designation |
Chairman |
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Nationality |
Bangladeshi |
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|
|
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Name |
Mr. Nuruddin
Dewan |
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Designation |
Managing Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Ashraf Uddin
Dewan |
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Share Percent |
50% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Nuruddin
Dewan |
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Share Percent |
50% |
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Nationality |
Bangladeshi |
|
Line of Business |
Manufacturing,
Selling & Exporting |
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Items Dealing In |
Fabrics |
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Export Country |
Germany, Italy,
UK, USA |
|
Terms of Purchase |
Local: Cash or Credit (30 Days) Import: Against L/C |
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Terms of
Purchase |
Local: Cash or Credit (30 Days) Export: Against L/C |
|
Customer Types |
· End Users Retailers Wholesalers |
|
Name |
Islami Bank (BD)
Limited |
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Branch |
Local Office
Branch |
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Address |
Motijheel Commercial Area, Dhaka |
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SWIFT |
N/A |
|
Year |
2011 |
2010 |
2009 |
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Investment |
Tk.34 million |
Tk.34 million |
Tk.33 million |
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Turnover |
Tk.325.5 million |
Tk.325 million |
Tk.323 million |
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Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.44 million |
Tk.44 million |
Tk.42 million |
|
Authorized
Capital |
Tk.3 million |
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Paid Up Capital |
Tk.250,000.00 |
|
Each Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
127.6310 |
|
U.S Dollar |
1 |
81.8200 |
|
European Euro |
1 |
102.5286 |
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Dishonored
Checks |
No Found |
|
Debt |
No Records Found |
|
Litigation |
No Records Found |
|
Performance
Defaults |
No Records Found |
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Adverse Press
Coverage |
No Records Found |
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Money Laundering |
No Records Found |
Information Parted
By:
Name : Mr. Mahfuzur
Designation : Senior Executive Marketing
Mobile No. : 880-2-8052417
Date : 07.07.2012
|
Employees |
400 |
|
Office Area (Sq.
Ft) |
2,000 sq.ft (Owned) |
|
Factory Area
(Sq. Ft) |
33,800 sq.ft (rented) |
|
Warehouse Area
(Sq. Ft) |
8,000 sq.ft.(rented) |
|
Range of
Products |
4 Polyester Cotton Fabric 4 Cotton
Poplin Fabric |
|
Export
Market |
4 UK 4 EU Countries |
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Local Major
Clients |
4 Local Export Oriented Garments Industries |
|
Certifications |
4 ISO 9001: 2000 |
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Group Name |
NL |
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Subsidiaries /
Affiliates |
NIL |
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Member |
4 Dhaka Chamber
of Commerce & Industries, Dhaka 4 Bangladesh
Textile Mills Corporation |
|
Business Scale |
Fairly Large |
|
Business Trend |
Growing |
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Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.02 |
|
UK Pound |
1 |
Rs.86.78 |
|
Euro |
1 |
Rs.68.83 |
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 |
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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 |
---- |
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.