|
Report Date : |
13.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
RAHMAT TEXTILES LIMITED |
|
|
|
|
Registered Office : |
Senakalyan Bhaban(14th Floor), 195, Motijheel C/A, Dhaka-1000 |
|
|
|
|
Country : |
Bangladesh |
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|
|
|
Date of Incorporation : |
12.04.1992 |
|
|
|
|
Com. Reg. No.: |
C-11557 |
|
|
|
|
Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
Manufacturer, Exporter & Seller of Yarns |
|
|
|
|
No. of Employees : |
670 |
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 – 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 |
RAHMAT TEXTILES
LIMITED |
|
Address |
Senakalyan
Bhaban(14th Floor), 195, Motijheel C/A, Dhaka-1000 Note: The subject operates
from this address. |
|
Country |
Bangladesh |
|
Telephone No |
880-2-955 1857,9553298 |
|
Fax No |
880-2-9553362 |
|
E-Mail |
|
|
Website |
|
|
Established |
1992 |
|
Company Registration No |
C-11557 |
|
Registration date |
12th April 1992 |
|
Legal Status |
Private Limited Company |
|
Issuing Authority |
The Registrar of Joint Stock of 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 |
Senakalyan
Bhaban(14th Floor), 195, Motijheel C/A, Dhaka-1000 |
|
Telephone No |
880-2-955 1857,9553298 |
|
Fax No |
880-2-9553362 |
|
E-Mail |
|
|
Website |
|
|
Branch |
19/2,
Kakrail, Dhaka, Bangladesh |
|
Factory |
Mouchak,
Kaliakoir, Gazipur, Bangladesh |
|
Factory Telephone No |
00-1199-852066,880-2-9298033,
9298673 |
|
Factory Fax No |
880-2-9298672 |
|
Warehouse |
Mouchak, Kaliakoir,
Gazipur, Bangladesh |
|
Name |
Mr. Al-Haj Mohammad Ali Sarker |
|
Designation |
Chairman |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Altaf Hossain Sarker |
|
Designation |
Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Aman Ullah Sarker |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Amir Hamza Sarker |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Latiful Bari |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mrs. Nilufar Hossain |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mrs. Amreen Bari |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mrs. Shimmi Momena Ismail |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mrs. Nasrin Aman |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Nakib Hossain |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
Line of Business |
Manufacturer, Exporter & Seller |
|
Items Dealing In |
Yarns |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit Export: Against L/C |
|
Production
Capacity |
4550000Kg per
year |
|
Name |
Dhaka Bank
Limited |
|
Branch |
Motijheel Branch |
|
Address |
Motijheel C/A,
Dhaka |
|
SWIFT |
N/A |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.38 million |
Tk.36 million |
Tk.36 million |
|
Turnover |
Tk.334 million |
Tk.332.6 million |
Tk.332 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.44 million |
Tk.42 million |
Tk.42 million |
|
Authorized
Capital |
Tk.20 million |
|
Paid Up Capital |
Tk.250,000.00 |
|
Each Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
125.8569 |
|
U.S Dollar |
1 |
79.4200 |
|
European Euro |
1 |
105.7716 |
|
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 |
670 |
|
Office Area (Sq.
Ft) |
2,100 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
42,000 Sq.ft (rented) |
|
Warehouse Area
(Sq. Ft) |
5,000 Sq.ft (rented) |
|
Range of
Products |
4 Combed Yarn 4 Carded Yarn |
|
Local Major
Clients |
4 Local Garments Industries |
|
Certifications |
NIL |
|
Group Name |
4 Rahmat Group |
|
Subsidiaries /
Affiliates |
4 Rahmat Spinning
Mills Limited 4 Belkuchi
Spinning Mills Limited 4 Rahmat
Knit-Dyeing & Finishing Limited 4 Rahmat Sweaters
(BD) Limited |
|
Member |
4 Bangladesh Textile Mills Association, Dhaka 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.58.27 |
|
UK Pound |
1 |
Rs.91.16 |
|
Euro |
1 |
Rs.77.50 |
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.