|
Report Date : |
23.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
FOUR H DYEING & PRINTING LIMITED |
|
|
|
|
Registered Office : |
Arakan Road, Ward #06, Chapra, Kalarpul, Patiya,
Chittagong |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
12.03.2009 |
|
|
|
|
Com. Reg. No.: |
CH-6356 |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Dyeing, Printing and Selling of Fabrics |
|
|
|
|
No. of Employees : |
860 |
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 : |
Slow |
|
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 |
Four H Dyeing
& Printing Limited |
|
Address |
Arakan Road,
Ward #06, Chapra, Kalarpul, Patiya, Chittagong |
|
Country |
Bangladesh |
|
Telephone No |
880-31-2524229,
2520062, 2511452-3, 2511512-4 |
|
Fax No |
880-31-2520072 |
|
E-Mail |
|
|
Website |
www.fourhgroup.com |
|
Established |
2009 |
|
Company Registration No |
CH-6356 |
|
Registration date |
12th
March 2009 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The
Registrar of Joint Stock Companies & Firms, Chittagong |
|
Business Type |
Dyeing, Printing
and Selling |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
|
Head Office |
778, D.T.
Road, Ashkarabad, Doublemooring, Chittagong, Bangladesh |
|
Telephone No |
880-
31-2524229, 2520062, 2511452-3, 2511512-4 |
|
Fax No |
880-31-2520072 |
|
E-Mail |
|
|
Website |
www.fourhgroup.com |
|
Branch |
NIL |
|
Factory |
Arakan Road, Ward
#06, Chapra, Kalarpul, Patiya, Chittagong |
|
Factory Telephone No |
880- 01746131471, 04433339982 |
|
Factory Fax No |
NIL |
|
Warehouse |
Arakan Road,
Ward #06, Chapra, Kalarpul, Patiya, Chittagong |
|
Name |
Mr. Gouhar Siraj
Jamil |
|
Designation |
Chairman &
Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. RS
Jamil |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
Name |
Mr. Gouhar Siraj
Jamil |
|
Share Percent |
70% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. RS
Jamil |
|
Share Percent |
30% |
|
Nationality |
Bangladeshi |
|
Line of Business |
Dyeing, Printing
and Selling |
|
Items Dealing In |
Fabrics |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of
Purchase |
Local: Cash or Credit |
|
Production
Capacity: |
Solid
Dyeing-6,240,000 per year Printed
Fabrics-960, 000 per year |
|
Name |
Janata Bank
Limited |
|
Branch |
Agrabad Branch |
|
Address |
Janata Bank Bhaban (4th floor), Post Box No. 524,
27, Agrabad C/A, SK. Mujib Road, Chittagong-4000 |
|
SWIFT |
JANBBDDHSMS |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.30 million |
Tk.28 million |
Tk.28 million |
|
Turnover |
Tk.248 million |
Tk.245 million |
One year not completed |
|
Liability |
Tk.8 million |
Tk.9.4 million |
Tk.10 million |
|
Assets |
Tk.40 million |
Tk.38 million |
Tk.38 million |
|
Authorized
Capital |
Tk.20 million |
|
Paid Up Capital |
Tk.3 million |
|
Each Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
118.4226 |
|
U.S Dollar |
1 |
78.4100 |
|
European Euro |
1 |
101.4625 |
|
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 |
860 |
|
Office Area (Sq.
Ft) |
2,200 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
32,500 sq.ft (rented) |
|
Warehouse Area
(Sq. Ft) |
5,500 sq.ft (rented) |
|
Range of
Products |
4 Fabrics |
|
Major
Clients |
4 Local Export Oriented Garments Industries |
|
Certifications |
NIL |
|
Group Name |
4 Four H Group |
|
Subsidiaries /
Affiliates |
4 Four H Knittex Limited 4 Belamy Textiles Limited 4 Four H Fashions Limited 4 Four H Intimates Limited 4 Four H Lingerie Limited 4 Badgetex Apparels Limited 4 Alamode Apparels Limited 4 Devine Design Limited 4 Intimates Elastics Limited 4 Islam Pack & Accessories Limited 4 Four H Apparels Limited 4 Nafisa Apparels Limited |
|
Member |
4 Chittagong
Chamber of Commerce & Industries, Chittagong 4 Bangladesh Textile Mills Association |
|
Business Scale |
Fairly Large |
|
Business Trend |
Growing |
|
Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.33 |
|
|
1 |
Rs.82.56 |
|
Euro |
1 |
Rs.70.10 |
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.