|
Report Date : |
21.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
UNIFILL COMPOSITE DYEING MILLS LIMITED |
|
|
|
|
Registered Office : |
House # B-110 , Lane # 8 , Central Road(2ndfl) New DOHS, Mohakhali,
Dhaka-1206 |
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|
|
|
Country : |
Bangladesh |
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|
|
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Date of Incorporation : |
16.06.2009 |
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|
|
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Com. Reg. No.: |
C-70047 |
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|
|
|
Legal Form : |
Private Limited |
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|
|
|
Line of Business : |
House # B-110 , Lane # 8 , Central Road(2ndfl) New DOHS, Mohakhali,
Dhaka-1206 |
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|
|
|
No. of Employees : |
1,000 |
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 : |
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 (31.03.2012) |
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 |
|
Name |
Unifill Composite Dyeing Mills Limited |
|
Address |
House # B-110 , Lane # 8 , Central Road(2ndfl) New DOHS,
Mohakhali, Dhaka-1206 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-8816390, 8828593, 8857135 |
|
Fax
No |
880-2-8814630 |
|
E-Mail |
|
|
Website |
|
|
Established |
2009 |
|
Company
Registration No |
C-70047 |
|
Registration
date |
16th June 2009 |
|
Legal Status |
Private Limited |
|
Issuing
Authority |
The Registrar of Joint Stock Companies &
Firms, Dhaka |
|
Business Type |
Dyeing & Finishing |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local suppliers
or banks. |
|
Head Office |
House #
B-110 , Lane # 8 , Central Road(2ndfl) New DOHS, Mohakhali, Dhaka-1206 |
|
Telephone No |
880-2-8816390, 8828593, 8857135 |
|
Fax
No |
880-2-8814630 |
|
E-Mail |
|
|
Website |
|
|
Branch |
NIL |
|
Factory |
Bhabanipur,
Kashempur, Gazipur |
|
Factory
Telephone No |
NIL |
|
Factory Fax No |
NIL |
|
Warehouse |
Bhabanipur,
Kashempur, Gazipur |
|
Name |
Mr. Abul Hossain |
|
Designation |
Chairman & Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. M.A Bashar |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Md.
Mahabub Hossain |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. M. Sakhawat Hossain |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mrs. Nurun Nahar |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
Name |
Mr. Abul Hossain |
|
Share Percent |
20% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. M.A Bashar |
|
Share Percent |
20% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Md.
Mahabub Hossain |
|
Share Percent |
20% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. M. Sakhawat Hossain |
|
Share Percent |
20% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mrs. Nurun Nahar |
|
Share Percent |
20% |
|
Nationality |
Bangladeshi |
|
Line
of Business |
Dyeing & Finishing |
|
Items Dealing In |
Fabric |
|
Terms of
Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms
of Sale |
Local: Cash or Credit |
|
Name |
Islami Bank (BD) Limited |
|
Branch |
Gulshan Branch |
|
Address |
PBL Tower, 17 North Gulshan, Dhaka - 1212 |
|
SWIFT |
IBBLBDDH177 |
|
|
|
|
Name |
South East Bank Limited |
|
Branch |
Gulshan Branch |
|
Address |
House #82 CES (F), 1, Gulshan Avenue,
Dhaka |
|
SWIFT |
SEBDBDBHGUL |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.30 million |
Tk.30 million |
N/A |
|
Turnover |
Tk.310.5 million |
Tk.310 million |
N/A |
|
Liability |
Tk.14.5 million |
Tk.15 million |
N/A |
|
Assets |
Tk.44 million |
Tk.44 million |
N/A |
|
Authorized
Capital |
Tk.100 million |
|
Paid
Up Capital |
Tk.2 million |
|
Each
Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi
Taka (BDT) |
|
Great Britain Pound |
1 |
122.5145 |
|
U.S Dollar |
1 |
78.9550 |
|
European Euro |
1 |
105.5234 |
|
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 |
1,000 |
|
Office
Area (Sq. Ft) |
2,100 (rented) |
|
Factory
Area (Sq. Ft) |
50,000 (rented) |
|
Warehouse
Area (Sq. Ft) |
6,500 (rented) |
|
Range
of Products |
4 Fabrics |
|
Major
Clients |
4 Local Export
Oriented Garments Industries |
|
Certification |
NIL |
|
Group
Name |
4 Unifill Group |
|
Subsidiaries
/ Affiliates |
4 Unifill Textile Mills Limited 4 Aman Graphics & Design Limited 4 Aman Knittings Limited 4 Aman Fashion & Design Limited 4 Aman
Sweaters Limited 4 Matrix Exim Limited |
|
Member |
4 Bangladesh
Textile Mills Association 4 Dhaka Chamber
of Commerce & Industry, Dhaka |
|
Business
Scale |
Fairly Large |
|
Business
Trend |
Growing |
|
Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.05 |
|
|
1 |
Rs.83.44 |
|
Euro |
1 |
Rs.72.53 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.