MIRA INFORM REPORT

 

 

Report Date :

22.11.2012

 

IDENTIFICATION DETAILS

 

Name :

ANWAR ISPAT LIMITED

 

 

Registered Office :

Baitul Hossain Building (14th Floor), 27 Dilkusha Commercial Area, Dhaka-1000

 

 

 

 

Country :

Bangladesh

 

 

 

 

Financials (as on) :

31.03.2012

 

 

 

 

Date of Incorporation :

04.10.2004

 

 

 

 

Com. Reg. No.:

C-54487

 

 

 

 

Legal Form :

Public Limited Company

 

 

 

 

Line of Business :

Manufacturing & Selling of Steel Billet & Bar

 

 

 

 

No. of Employees :

1,500

 

 

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

Bangladesh

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

BANGLADESH - ECONOMIC OVERVIEW

 

The economy has grown 5-6% per year since 1996 despite political instability, poor infrastructure, corruption, insufficient power supplies, and slow implementation of economic reforms. Bangladesh remains a poor, overpopulated, and inefficiently-governed nation. Although more than half of GDP is generated through the service sector, 45% of Bangladeshis are employed in the agriculture sector with rice as the single-most-important product. Bangladesh's growth was resilient during the 2008-09 global financial crisis and recession. Garment exports, totaling $12.3 billion in FY09 and remittances from overseas Bangladeshis, totaling $11 billion in FY10, accounted for almost 12% of GDP.

 

Source : CIA

COMPANY DETAILS

 

Name

Anwar Ispat Limited

Address

Baitul Hossain Building (14th Floor), 27 Dilkusha Commercial Area, Dhaka-1000

Country

Bangladesh

Telephone No

880-2-9564033

Fax No

880-2-9564020

E-Mail

mail@anwargroup.com

Website

www.anwargroup.com

Established

2004

Company Registration No

C-54487

Registration date

4th October 2004

Legal Status

Public Limited Company

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

 

Corporate Head Office

Baitul Hossain Building (14th Floor), 27 Dilkusha Commercial Area, Dhaka-1000

Telephone No

880-2-9564033

Fax No

880-2-9564020

E-Mail

mail@anwargroup.com

Website

www.anwargroup.com

Branch 

NIL

Factory

Kunlapachor, National University, Gazipur

Factory Tel No

N/A

Factory Fax No

N/A

Warehouse

Kunlapachor, National University, Gazipur

 

 

 

 

DIRECTORS

 

Name

Mr. Manwar Hossain

Designation

Chairman & Managing Director

Nationality

Bangladeshi

 

 

Name

Mr. Hossain Mehmood

Designation

Director

Nationality

Bangladeshi

 

 

Name

Mr. Hossain Khaled

Designation

Director

Nationality

Bangladeshi

 

 

SHAREHOLDERS

 

Name

Mr. Manwar Hossain

Share Percent

33.33%

Nationality

Bangladeshi

 

 

Name

Mr. Hossain Mehmood

Share Percent

33.33%

Nationality

Bangladeshi

 

 

Name

Mr. Hossain Khaled

Share Percent

33.33%

Nationality

Bangladeshi

 

Note: Changed in 2012.

 

 

BUSINESS DETAILS

 

Line of Business

Manufacturing & Selling

Items Dealing In

Steel Billet & Bar

Terms of Purchase

Import: Against L/C

Local: Cash or Credit

Terms of Sale

Local: Cash or Credit

 

 

BANKERS

 

Name

The City Bank Limited

Branch

Foreign Exchange Branch

Address

Baitul Hossain Building (Ground Floor), 27 Dilkusha Commercial Area, Dhaka-1000

SWIFT

CIBLBDDHXXX

 

 

Name

Trust Bank

 

 

Auditors

 

Name

Shah Majumdar and Company

 

 

FINANCIAL INFORMATION

 

Year

2012

2011

 

Turnover

Tk.25 millions

Tk.20 millions

 

Expected Sales (2012-2013) : Tk. 30 millions

 

 

CURRENCY EXCHANGE RATE

 

Currency

Unit

Bangladeshi Taka (BDT)

 

Great Britain Pound

1

132.5740

U.S Dollar

1

81.7500

European Euro

1

106.6838

 

ADVERSE DATA MONITORING

 

Dishonored Checks

No Found

Debt

No Found

Litigation

No Records Found

Performance Defaults

No Records Found

Adverse Press Coverage

No Records Found

Money Laundering

No Records Found

 

 

Information parted by

 

Name

Mr. Enamul

Designation

Accounts Manager

Contact

880-2-9564033

Date

 

 

 

GENERAL INFORMATION

 

Employees

1,500

Office Area (Sq. Ft)

6,980 (own)

Factory Area (Sq. Ft)

1 acres of land (own)

Warehouse Area (Sq. Ft)

20,000 (own)

Customer

Wholesaler, Retails

Range of Products 

4 High Strength Deformed Bar

4 MS Rod 

Raw Materials From 

4 USA

4 Singapore

4 India

Certifications

4 ISO 9001:2008

Group Name

4 Anwar Group

Subsidiaries / Affiliates

4 Anwar Silk Mils Ltd

4 Anwar Yarn Dyeing Ltd

4 Hossain Dyeing and Printing Ltd

4 Mehmud Industries (Pvt.) Ltd

4 Anwar Jute Spinning Mills Ltd

4 Anwar Specialized Jute Goods Ltd

4 Anwar Cement Ltd

4 Anwar Galvanizing Ltd

4 A-One Polymer Ltd

4 Sun Shine Cables & Rubber Works Ltd

4 Khaled Iron & Steels Ltd

4 AG Automobiles Ltd

4 in2it Interactive Ltd

4 Anwar Export-Import Company

4 Triumph Engineering Ltd

4 Kaba Trading Compan

4 Mala Corporation

4 Anwar Landmark Ltd

4 Athena’s Furniture & Home Decor

Member

4 Dhaka Chamber of Commerce & Industries, Dhaka

4 Bangladesh Steel Re-Rolling Mills Association, Dhaka

 

 

BUSINESS TREND & PROSPECT

 

Business Scale           

Fairly Large

Business Trend

Growing

Management Capability

Good

Reputation

Good

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.20

UK Pound

1

Rs.87.79

Euro

1

Rs.70.43

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIT

 

 

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.