|
Report Date : |
29.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
PARTEX HOLDINGS |
|
|
|
|
Registered Office : |
74 Bir
Uttam A K Khandakar Sarak, Mohakhali Commercial Area, Dhaka-1212 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
January 2007 |
|
|
|
|
Com. Reg. No.: |
Not Available |
|
|
|
|
Legal Form : |
The members of the group are all private limited Company |
|
|
|
|
Line of Business : |
Manufacturer, Exporter & Seller of various Items including Denim Fabrics, Rotor, Cotton, Sugar, Beverages, Pipes, Plastic Furniture, Wooden Furniture Real Estate , Fishery, Paper, Milk, Telecommunication, FM Radio, Agricultural Products, Shipping, Foundry. |
|
|
|
|
No. of Employees : |
5,000 |
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 : |
Regular |
|
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) |
|
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
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.
|
Source : CIA |
|
Name |
Partex Holdings |
|
Address |
House # 37, Road # 1, Block # I, Banani, Dhaka-1213 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-9872340, 9872370 |
|
Fax No |
880-2-9872360 |
|
E-Mail |
|
|
Website |
|
|
Established |
January 2007 |
|
Company Registration No |
N/A |
|
Registration date |
N/A |
|
Legal Status |
The
members of the group are all private limited Company. |
|
Issuing Authority |
The
Registrar of Joint Stock Companies & Firms, Dhaka |
|
Business Type |
Manufacturer. Exporter & Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
|
Head Office |
74 Bir
Uttam A K Khandakar Sarak, Mohakhali Commercial Area, Dhaka-1212 |
|
Telephone No |
880-2-8822888 |
|
Fax No |
880-2-8821888, 44-207 900 3743 |
|
E-Mail |
|
|
Website |
|
|
Branch |
House # 37, Road # 1, Block # I, Banani, Dhaka-1213 Tel No: 880-2-9872340, 9872370 Fax No: 880-2-9872360 |
|
Factory |
Rajendrapur
Industrial Area, Joydevpur, Gazipur |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
Rajendrapur
Industrial Area, Joydevpur, Gazipur |
|
Name |
Mr. M.A. Hashem |
|
Designation |
Chairman |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Rubel
Aziz |
|
Designation |
Managing
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Aziz
Al-Masud |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
Line of Business |
Manufacturer. Exporter & Seller |
|
Items Dealing In |
Various
Items |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of
Purchase |
Local: Cash or credit Export: Against L/C |
|
Name |
Standard
Chartered Bank |
|
Branch |
Main Branch |
|
Address |
Dilkusha Commercial Area, Dhaka |
|
SWIFT |
N/A |
|
|
|
|
Name |
National Bank
Limited |
|
Branch |
Main Branch |
|
Address |
Dilkusha Commercial Area, Dhaka |
|
SWIFT |
N/A |
|
|
|
|
Name |
Prime Bank
Limited |
|
Branch |
Main Branch |
|
Address |
Motijheel Commercial Area, Dhaka |
|
SWIFT |
N/A |
|
Year |
2012 |
2011 |
2010 |
|
Investment |
Tk.4.5 billion |
Tk.4 billion |
Tk.4 billion |
|
Turnover |
Tk.7.2 billion |
Tk.6.8 billion |
Tk.6.2 billion |
|
Liability |
Tk.87 million |
Tk.89 million |
Tk.80 million |
|
Assets |
Tk.5.2 billion |
Tk.5 billion |
Tk.5 billion |
|
Authorized
Capital |
N/A |
|
Paid Up Capital |
N/A |
|
Each Share Value |
N/A |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
121.1500 |
|
U.S Dollar |
1 |
77.7500 |
|
European Euro |
1 |
103.9751 |
|
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 |
|
Employees |
5,000 |
|
Office Area (Sq.
Ft) |
2,800 sq.ft (rented) |
|
Factory
Area (Sq. Ft) |
5 acres of lands (own) |
|
Warehouse
Area (Sq. Ft) |
10,000 sq.ft.(own) |
|
Range
of Products & Services |
4 Denim
Fabrics 4 Rotor
4 Cotton
4 Sugar
4 Beverages
4 Pipes
4 Wooden
Furniture 4 Real
Estate 4 Fishery
4 Paper
4 Milk 4 Telecommunication 4 FM Radio 4 Agricultural Products 4 Shipping 4 Trading 4 Foundry |
|
Major Clients |
N/A |
|
Certifications |
NIL |
|
Group Name |
N/A |
|
Group Companies |
4 Amber
Cotton Mills Limited 4 Amber
Pulp and Paper Mills Limited 4 Partex
Beverage Limited 4 Partex
Plastics Limited 4 Partex
Real Estate Limited 4 Star
Vegetable Oil Mills Limited 4 Star
Coconut Mills Limited 4 Dhakacom
Limited 4 Fotoroma 4 Partex
Spinning Limited 4 Partex
Denim Limited 4 Hashem
Corporation (Pvt.) Limited |
|
Member |
4 Dhaka Chamber
of Commerce & Industries, Dhaka |
|
Business Scale |
Large |
|
Business Trend |
Growing |
|
Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.68.36 |
|
UK Pound |
1 |
Rs.106.03 |
|
Euro |
1 |
Rs.91.47 |
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 |
|
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.