|
Report Date : |
07.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
HAMID FABRICS LIMITED (UNIT-2) |
|
|
|
|
Registered Office : |
Hamid Tower (5th & 6th Floor) 24, Gulshan C/A, Circle-2, Dhaka-1212 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
18.09.2003 |
|
|
|
|
Com. Reg. No.: |
C-28302(A) |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Dyeing &
Finishing of Fabrics |
|
|
|
|
No. of Employees : |
620 |
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
|
Name |
Hamid Fabrics
Limited (Unit-2) |
|
Address |
Hamid Tower (5th & 6th Floor) 24, Gulshan
C/A, Circle-2, Dhaka-1212 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-8834564-5,
8834104, 9894589, 8814775, 8833549 |
|
Fax No |
880-2-8813077 |
|
E-Mail |
|
|
Website |
www.mahingroup.com |
|
Established |
2003 |
|
Company Registration No |
C-28302(A) |
|
Registration date |
18th
September 2003 |
|
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 |
Hamid
Tower (5th & 6th Floor) 24, Gulshan C/A, Circle-2,
Dhaka-1212 |
|
Telephone No |
880-2-8834564-5,
8834104, 9894589, 8814775, 8833549 |
|
Fax No |
880-2-8813077 |
|
E-Mail |
|
|
Website |
www.mahingroup.com |
|
Branch |
NIL |
|
Factory |
Shilmandi,
Norshingdi |
|
Factory Telephone No |
880-2-9347427, 06251685 |
|
Factory Fax No |
NIL |
|
Warehouse |
Shilmandi, Norshingdi |
|
Name |
Mr.
Abdul-Al-Mahmud (Mahin) |
|
Designation |
Chairman &
Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. M. Mozammel Haque |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Adullah
Hasan |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mrs. Nusrat
Mahmud |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
Name |
Mr.
Abdul-Al-Mahmud (Mahin) |
|
Share Percent |
40% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. M. Mozammel
Haque |
|
Share Percent |
20% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Adullah
Hasan |
|
Share Percent |
20% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mrs. Nusrat
Mahmud |
|
Share Percent |
20% |
|
Nationality |
Bangladeshi |
|
Line of Business |
Dyeing & Finishing |
|
Items Dealing In |
Fabrics |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
|
Name |
Standard
Chartered Bank |
|
Branch |
Gulshan Branch |
|
Address |
Gulshan, Dhaka |
|
SWIFT |
N/A |
|
|
|
|
Name |
Exim Bank
Limited |
|
Branch |
Gulshan Branch |
|
Address |
Gulshan, Dhaka |
|
SWIFT |
N/A |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.36 million |
Tk.36 million |
Tk.35 million |
|
Turnover |
Tk.357.8 million |
Tk.357.3 million |
Tk.356.6 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.47 million |
Tk.47 million |
Tk.45 million |
|
Authorized
Capital |
Tk.30 million |
|
Paid Up Capital |
Tk.250,000.00 |
|
Each Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
129.6910 |
|
U.S Dollar |
1 |
79.8000 |
|
European Euro |
1 |
105.2402 |
|
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 |
620 |
|
Office Area (Sq.
Ft) |
2,800 sq.ft (own) |
|
Factory Area
(Sq. Ft) |
40,000 sq.ft (own) |
|
Warehouse Area
(Sq. Ft) |
2,700 sq.ft. (own) |
|
Range of
Products |
Dyeing Range: 4
Reactive Dyed 4
Vat Dyed 4
Pigment Dyed 4
Disperse Dyed 4
Sulphur Dyed Finishing Range: 4
Carbon Brush 4
Peach 4
Water Repellent 4
Easy Care 4
Wrinkle Free 4
Pigment on Top of Reactive 4
Paper Touch Finish 4
Teflon Finish 4
Teflon With Wrinkle Free |
|
Major
Clients |
4 Local Export Oriented Garments Inductries |
|
Fabrics From |
4 China 4 Hong Kong 4 Pakistan 4 India |
|
Certifications |
NIL |
|
Group Name |
4 Mahin Group |
|
Subsidiaries /
Affiliates |
4 Hamid Weaving Mills Limited 4 Hamid Fabrics Limited (Unit-1)
4 Mahin Apparels Limited 4 Crystal Insurance Co., Limited 4 Crystal Washing 4 Hilton Dhaka |
|
Member |
4 Bangladesh Textile Mills
Association 4 Dhaka Chamber of Commerce &
Industries, Dhaka |
|
Business Scale |
Fairly Large |
|
Business Trend |
Growing |
|
Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.84 |
|
|
1 |
Rs.88.16 |
|
Euro |
1 |
Rs.71.54 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.