MIRA INFORM REPORT

 

 

Report Date :

11.06.2012

 

IDENTIFICATION DETAILS

 

Name :

FOUR H FASHIONS LIMITED

 

 

Registered Office :

778, D.T. Road, Ashkarabad, Doublemooring, Chittagong

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

02.10.2003

 

 

Com. Reg. No.:

CH-4826

 

 

Legal Form :

Private Limited

 

 

Line of Business :

Manufacturing & Exporting of Read-Made Garments

 

 

No. of Employees :

1,100

 

 

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

Four H Fashions Limited

Address

778, D.T. Road, Ashkarabad, Doublemooring, Chittagong

Country

Bangladesh

Telephone No

880-31-2524229, 2520062, 2511452-3, 2511512-4, 2580324

Fax No

880-31-2520072

E-Mail

jamil@fourhgroup.com

Website

www.fourhgroup.com

Established

2003

Company Registration No

CH-4826

Registration date

2nd October 2003

Legal Status

Private Limited

Issuing Authority

The Registrar of Joint Stock Companies & Firms, Chittagong

Business Type

Manufacturing & Exporting

Status

Satisfactory

Payment Behavior

No complaints have been heard regarding payments 

from local suppliers or banks.

 

 

LOCATIONS

 

Head Office

778, D.T. Road, Ashkarabad, Doublemooring, Chittagong

Telephone No

880-31-2524229, 2520062, 2511452-3, 2511512-4, 2580324

Fax No

880-31-2520072

E-Mail

jamil@fourhgroup.com

Website

www.fourhgroup.com

Hong Kong Office

Flat A, 16/F, Gold King Industrial Building, 35-41 Tai Lin Pai Road

Kwai Chung, Hong Kong

Tel No: (852) 2480 0186

Fax No: (852) 2480 0187

Factory

778, D.T. Road, Ashkarabad, Doublemooring, Chittagong

Factory Telephone No

NIL

Factory Fax No

NIL

Warehouse

778, D.T. Road, Ashkarabad, Doublemooring, Chittagong

 

DIRECTORS

 

Name

Mr. Gouhar Siraj Jamil

Designation

Chairman & Managing Director

Nationality

Bangladeshi

 

 

Name

Mr. RS Jamil

Designation

Director 

Nationality

Bangladeshi

 

 

SHAREHOLDERS

 

Name

Mr. Gouhar Siraj Jamil

Share Percent

60%

Nationality

Bangladeshi

 

 

Name

Mr. RS Jamil

Share Percent

40%

Nationality

Bangladeshi

 

 

BUSINESS DETAILS

 

Line of Business

Manufacturing & Exporting

Items Dealing In

Read-Made Garments

Terms of Purchase

Local: Cash or Credit

Import: Against L/C

Terms of Purchase

Export: Against L/C

 

 

BANKERS

 

Name

Janata Bank Limited

Branch

Agrabad Branch

Address

Janata Bank Bhaban (4th floor), Post Box No. 524, 27, Agrabad

C/A, SK. Mujib Road, Chittagong-4000

SWIFT

JANBBDDHSMS

 

 

FINANCIAL INFORMATION

 

Year

2011

2010

 

2009

Investment

Tk.33 million

Tk.33 million

Tk.30 million

Turnover

Tk.331.2 million

Tk.330.4 million

Tk.328 million

Liability

Tk.5 million

Tk.5.7 million

Tk.7 million

Assets

Tk.40 million

Tk.40 million

Tk.37 million

 

 

CAPITAL STRUCTURE

 

Authorized Capital

Tk.40 million

Paid Up Capital

Tk.4 million

Each Share Value

Tk.1000.00

 

 

CURRENCY EXCHANGE RATE

 

Currency

Unit

Bangladeshi Taka (BDT)

 

Great Britain Pound

1

126.9733

U.S Dollar

1

81.9500

European Euro

1

103.0275

 

 

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

1,100

Office Area (Sq. Ft)

2,200 sq.ft (rented)

Factory Area (Sq. Ft)

32,500 sq.ft (rented)

Warehouse Area (Sq. Ft)

5,500 sq.ft (rented)

Range of Products

4 Sleep Wears

4 Briefs

4 Panties

Export Market  

4 H & M

4 Delta Galil U.S.A. Inc

4 Tesco

4 Russell New Man/St. Eve Intl.

4 Lamour International / Terramer

4 Loblaw's

4 Maidenform

4 Paris Geneve

4 La Vie En Rose International

4 OVS

4 Brandela

4 C & A

4 Lindex

4 Saramax

4 AAI

4 BLI

4 KappAhl

4 Mother Care

4 Celio

Certifications

NIL

Group Name

4 Four H Group

Subsidiaries / Affiliates

4 Four H Knittex Limited

4 Belamy Textiles Limited

4 Four H Fashions Limited

4 Four H Intimates Limited

4 Four H Dyeing & Printing Limited

4 Four H Lingerie Limited

4 Badgetex Apparels Limited

4 Alamode Apparels Limited

4 Devine Design

4 Intimates Elastics Limited

4 Islam Pack & Accessories Limited

4 Four H Apparels Limited

4 Nafisa Apparels Limited

Member

4 Chittagong Chamber of Commerce & Industries, Chittagong

4 Bangladesh Garments Manufacturers & Exporters Association

 

 

BUSINESS TREND & PROSPECT

 

Business Scale           

Large 

Business Trend

Growing

Management Capability

Good

Reputation

Good

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.36

UK Pound

1

Rs.85.64

Euro

1

Rs.69.21

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.