MIRA INFORM REPORT
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Report Date : |
21.08.2013 |
IDENTIFICATION DETAILS
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Name : |
HANSENG PAPER & ACCESSORIES IND. LTD. |
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Registered Office : |
House# 32, Road# 10, Sector#10, Uttara, Dhaka-1230 |
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Country : |
Bangladesh |
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Date of Incorporation : |
12.04.2012 |
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Com. Reg. No.: |
c-101072 |
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Legal Form : |
Private Company |
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Line of Business : |
Manufacturer, Importer & Distributor of
Garments Accessories |
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No. of Employees : |
40 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New Business |
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Payment Behaviour : |
Slow but correct |
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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 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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Bangladesh |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Bangladesh
- ECONOMIC OVERVIEW
In real terms Bangladesh's economy has grown 5.8% 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.
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Source : CIA |
IDENTIFICATION DETAILS
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Correct company Name |
: |
Hanseng Paper &
Accessories Ind. Ltd. |
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Registered office |
: |
House# 32, Road#
10, Sector#10, Uttara, Dhaka-1230, Bangladesh |
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Tel No |
: |
88-01678046900 |
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Fax No |
: |
Nil |
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E-mail |
: |
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Website |
: |
- |
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Date/ Year
of Incorporation |
: |
12.04.2012 |
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Registered No. |
: |
C-101072 |
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Legal Form (General) |
: |
Public Listed Co Public (but not listed) Private Co State-owned Co Sole Proprietorships Partnership Not Registered others (please specify)
________________ |
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Legal form (Specific) |
: |
LTD CORP INC CO others (please specify)
________________ |
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Issuing Authority |
: |
Registrar
of Joint Stock Companies & Firms City Corporation Municipal Administration Union Council Cantonment Board Chief Controller of Import & Export (CCIE) |
FINANCIALS- SUMMARY
|
Year |
Turnover/
Sales |
Assets |
Income |
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|
2012-2013 |
Tk. 15 Million |
Tk.7 Million |
Tk.0.15 Million |
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Exchange Rate |
USD1-Tk. 77.8200 EUR 1- Tk. 100.2711 GBP 1- Tk.118.5354 AUD 1 - Tk.82.8563 JPY 1 - Tk.0.9286 |
CAD 1 - Tk.80.1887 SEK 1 - Tk.12.2870 SGD 1 - Tk.65.3045 CNH 1 - Tk.12.8399 |
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Sales Trend –
Analysis: |
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2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
2010 |
2011 |
2012 |
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- |
- |
- |
- |
- |
- |
- |
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FULLCHECK REPORT DETAILS
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Information Parted By |
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Name |
: |
A.Z.M.
Kamrul Hamid |
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Designation |
: |
Dirctor |
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Contract No |
: |
88-016780
46900 |
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Locations
Details |
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Business Address |
: |
House#
32, Road# 10, Sector#10, Uttara, Dhaka-1230, Bangladesh |
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Tel No |
: |
88-01678046900 |
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E-mail |
: |
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Fax No |
: |
- |
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Website |
: |
- |
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Location : |
: Owned |
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Rented |
Ö |
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Leased |
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Area |
1200 |
Sq. ft. |
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Type of Office : |
: Commercial Office Bldg. |
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Semi-commercial
office Bldg. |
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Retail shop |
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Industrial Park |
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Business Center |
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Home Office |
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Residential
Bldg. |
Ö |
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Factory: |
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Address |
: |
Plot
49 & 50 Mongla EPZ, Mongla, Bagerhat, Bangladesh |
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Tel No |
: |
- |
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Fax No |
: |
- |
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Owned |
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Rented |
Ö |
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Leased |
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Area |
20,000 |
Sq. ft. |
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Employee: |
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No. of
Employees |
In Office |
: |
2 |
In Factory |
: |
38 |
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In
Branch: |
: |
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Total |
: |
40 |
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Details: |
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OWNERSHIP/SHAREHOLDERS
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Names of Shareholders |
No. of Share |
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Mrs.
Shamima Hosain |
5000 |
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A.Z.M/
Kamrul Hamid |
1500 |
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Ms.
Nadia Haider |
3500 |
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Name |
Designation |
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Mrs.
Shamima Hosain |
Managing
Director |
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A.Z.M/
Kamrul Hamid |
Director |
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Ms.
Nadia Haider |
Director |
MANAGEMENT
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Name |
: |
A.Z.M/
Kamrul Hamid |
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Email address |
: |
Zaked31@yahoo.com |
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Nationality |
: |
Bangladeshi |
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Job Description |
: |
Director |
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Other details |
: |
- |
BUSINESS OPERATIONS
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Nature of
Activity : |
Manufacturer |
Ö |
Trader |
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Dealer |
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Distributor |
Ö |
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Exporter |
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Importer |
Ö |
Others |
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Range of Products/Item Dealings In: |
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Products |
: |
Garments Accessories |
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Production
Capacity |
: |
N/A |
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Last Year Production |
: |
N.A |
Trading Terms:
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Purchasing
Terms: |
L/C |
Ö |
Cash |
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Others |
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Credit : |
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30 days |
Ö |
60 days |
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90 days |
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days |
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Selling
Terms : |
L/C |
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Cash |
Ö |
Others |
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|||
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Credit : |
Ö |
30 days |
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60 days |
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90 days |
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|
days |
DETAILED DATA
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Trade Reference & Related Parties |
: |
Overseas
Clients |
: |
N/A |
Local
Clients |
: |
Local
garments |
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Overseas
Suppliers |
: |
N/A |
Local
Suppliers |
: |
N/A |
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Trade Markets |
: |
Exports |
: |
N/A |
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Imports |
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India, China |
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Brand Name |
: |
N/A |
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Certified |
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N/A |
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Auditors |
: |
N.A |
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Operation Status |
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Active |
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Member |
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N/A |
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CAPITAL STRUCTURE
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Authorized
Capital |
: |
Tk.10 Million |
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Paid-up Capital |
: |
Tk.1000000 |
No.
of Shares |
: |
10000 |
Share Value |
: |
Tk.100.00Each |
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Main Assets |
: |
Tk.7 Million |
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FINANCIAL STATEMENT- DETAILED
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The subject company don’t submit update financial figure
to local registry office. |
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Sister Concerns |
: |
Nil |
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Subsidiary |
: |
Nil |
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Name of The Group |
: |
Nil |
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BANKING
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Bank Name
|
: |
Trust Bank Ltd |
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Bank Address |
: |
Mongla Branch, |
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Bank
Name |
: |
Al- arafa Islami Bank Ltd. |
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Bank
Address |
: |
Mongla Branch, |
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Bank
Name |
: |
Islami bank Bangladesh Ltd |
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Bank
Address |
: |
Mongla Branch, |
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Dishonored Checks |
:
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No Record Found |
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Debt |
: |
No Record Found |
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Litigation |
: |
Clear |
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Performance Defaults |
: |
No Record Found |
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Adverse Local Media Coverage/ Adverse
Filling History |
: |
No Record Found |
SITE VISIT COMMENTARY
Our representative visited the subject company Head Office at House# 32,
Road# 10, Sector#10, Uttara, Dhaka-1230, Bangladesh
GENERAL COMMENTS
Established in 2012, Subject is mainly engaged in manufacturing Garments
Accessories. Having been in operation for one years, we recommend that Credit should be extended under guarantee in
C.O.D to small amount
Adopted Abbreviations:
NA- Not
Available TK- Bangladeshi Taka
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.73 |
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UK Pound |
1 |
Rs.99.79 |
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Euro |
1 |
Rs.85.07 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
|
---- |
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.