MIRA INFORM REPORT
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Report Date : |
14.10.2013 |
IDENTIFICATION DETAILS
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Name : |
HAT INTERNATIONAL LTD. |
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Registered Office : |
Tanaka Tower (1st Floor- East Side), 42/1/GA,
Segunbagicha, Dhaka-1000, |
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Country : |
Bangladesh |
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Date of Incorporation : |
11.07.2010 |
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Com. Reg. No.: |
C-85675 |
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Legal Form : |
Private
Co |
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Line of Business : |
Subject is engaged in Services of Chickpeas (Sola), Red Lentil
(Masoor Dal) etc. |
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No. of Employees : |
45 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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) |
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Bangladesh |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
IDENTIFICATION DETAILS
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Correct company Name |
: |
HAT International
Ltd. |
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Head Office |
: |
Tanaka Tower (1st Floor- East Side), 42/1/GA, Segunbagicha, Dhaka-1000, Bangladesh |
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Tel No |
: |
880-2-9555700, 9564051, 9564054 |
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Fax No |
: |
880-2-9568350 |
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E-mail |
: |
tanakagrp@gmail.com |
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Website |
: |
www.tanakagroupbd.com |
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Date/ Year of Incorporation |
: |
11.07.2010 |
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Incorporation
No. |
: |
C-85675 |
|
Legal Form (General) |
: |
Public Listed Co Public (but not listed) Private Co
State-owned Co Sole Proprietorships Partnership Not Registered others (please specify) ________________ |
|
Legal form (Specific) |
: |
LTD
CORP
INC CO
others (please specify) ________________ |
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Issuing Authority |
: |
Registrar of Joint Stock Companies & Firms City Corporation Municipal Administration Union Council Cantonment Board Chief Controller of Import & Export (CCIE) |
FINANCIALS- SUMMARY
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Year |
Turnover/ Sales |
Assets |
Income |
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2011 |
Tk.25Million |
Tk.7 million |
Tk.1.25 million |
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2012 |
Tk.30Million |
Tk.7.5 million |
Tk.1.80 Million |
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Exchange Rate |
USD1-Tk. 77.8200 EUR 1- Tk. 100.2711 GBP 1- Tk.118.5354 AUD 1 - Tk.82.8563 JPY 1 - Tk.0.9286 |
CAD 1 - Tk.80.1887 SEK 1 - Tk.12.2870 SGD 1 - Tk.65.3045 CNH 1 - Tk.12.8399 |
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Sales Trend – Analysis: |
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2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
2010 |
2011 |
2012 |
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- |
- |
- |
- |
- |
- |
- |
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FULLCHECK REPORT DETAILS
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Information Parted By |
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Name |
: |
Mr. Tareq Khan
Yousuf |
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Designation |
: |
Senior
Executive |
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Contract No |
: |
- |
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Locations Details |
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Business Address |
: |
Tanaka Tower (1st Floor- East Side), 42/1/GA, Segunbagicha, Dhaka-1000, Bangladesh |
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Tel No |
: |
880-2-9555700, 9564051, 9564054 |
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E-mail |
: |
880-2-9568350 |
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Fax No |
: |
tanakagrp@gmail.com |
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Website |
: |
www.tanakagroupbd.com |
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Location : |
: Owned |
Ö |
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Rented |
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Leased |
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Area |
2400 |
Sq. ft. |
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Type of Office : |
: Commercial Office Bldg. |
Ö |
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Semi-commercial office Bldg. |
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Retail shop |
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Industrial Park |
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Business Center |
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Home Office |
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Residential Bldg. |
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Warehouse: |
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Address |
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Tanaka Tower (1st Floor- East Side), 42/1/GA, Segunbagicha,Dhaka-1000, Bangladesh |
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Tel No |
: |
- |
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Fax No |
: |
- |
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Owned |
Ö |
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Rented |
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Leased |
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Area |
5000 |
Sq. ft. |
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Employee: |
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No. of
Employees |
In Office |
: |
35 |
Warehouse |
: |
5 |
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In Branch: |
: |
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Total |
: |
45 |
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Details: |
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OWNERSHIP/SHAREHOLDERS
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Names of Shareholders |
No. of Share |
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Moh. Habibul Alam, BP |
3000 |
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Tahseen Alam |
1000 |
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Mohd. Hasib Ul Alam |
1500 |
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Mr. Asif Mohammad Amin |
1500 |
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Lt Col Shamsuddoha Muhammad Amin (Rtd) |
3000 |
DIRECTORS
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Name |
Designation |
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Moh. Habibul Alam, BP |
Chairman |
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Lt Col Shamsuddoha Muhammad Amin (Rtd) |
Managing
Director |
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Tahseen Alam |
Director |
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Mohd. Hasib Ul Alam |
Director |
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Mr. Asif Mohammad Amin |
Director |
MANAGEMENT
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Name |
: |
Mr. Tareq Khan
Yousuf |
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Job Description |
: |
Senior
Executive |
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Nationality |
: |
Bangladeshi |
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Email address |
: |
- |
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Other details |
: |
- |
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Name |
: |
Mr. Zahir |
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Job Description |
: |
Commercial
Officer |
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Nationality |
: |
Bangladeshi |
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Email address |
: |
- |
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Other details |
: |
- |
BUSINESS OPERATIONS
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Nature of
Activity : |
Manufacturer |
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Trader |
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Dealer |
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Distributor |
Ö |
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Exporter |
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Importer |
Ö |
Services |
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Others |
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Range of
Products/Item Dealings In: |
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Products |
: |
Chickpeas (Sola), Red Lentil (Masoor Dal) etc. |
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Production Capacity |
: |
N/A |
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Last Year
Production |
: |
N/A |
Trading Terms:
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Purchasing Terms: |
L/C |
Ö |
Cash |
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Others |
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Credit : |
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30 days |
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60 days |
Ö |
90 days |
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days |
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Selling Terms : |
L/C |
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Cash |
Ö |
Others |
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Credit : |
Ö |
30 days |
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60 days |
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90 days |
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days |
DETAILED DATA
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Trade Reference
& Related Parties |
: |
Overseas Clients |
: |
N/A |
Local Clients |
: |
N/A |
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Overseas Suppliers |
: |
N/A |
Local Suppliers |
: |
N/A |
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Trade Markets |
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Exports |
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N/A |
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Imports |
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China, India, Thailand |
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Brand Name |
: |
N/A |
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Certified |
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N/A |
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Auditors |
: |
N/A |
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Operation Status |
: |
Active |
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Member |
: |
N/A |
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CAPITAL STRUCTURE
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Authorized Capital |
: |
Tk.10 Million |
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Paid-up Capital |
: |
Tk.10,00,000 |
No. of Shares |
: |
10,000 |
Share Value |
: |
Tk.100.00Each |
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Main Assets |
: |
Tk.7.5 Million |
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FINANCIAL STATEMENT- DETAILED
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The subject company don’t submit update financial figure
to local registry office. |
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ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES
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Sister Concerns |
: |
Tanaka Company Limited King’s Property Development Limited Tanaka Engineering Limited Marhaba Synthetic Mills Limited Swiss Quality Paper Bd Limited Tanaka Tradecom International Limited Tanaka Tradecom International Tanaka Plastic Limited Mytas Spinning Mills (Pvt.) Limited Torsha Chemical Industries Ltd Torsha Trading Corporation Tanaka Cng Refueling & Fuel Station |
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Subsidiary |
: |
N/A |
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Name of
The Group |
: |
Tanaka Group of Companies |
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BANKING
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Bank Name |
: |
Agrani Bank Ltd. |
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Bank Address |
: |
Principal Branch, 9-D, DilkushaC/A,
Motijheel, Dhaka-1000 Fax: 88- 02-9563658 |
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ADVERSE DATA MONITORING
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Dishonored
Checks |
:
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No Record
Found |
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Debt |
: |
No Record
Found |
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Litigation |
: |
Clear |
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Performance
Defaults |
: |
No Record
Found |
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Adverse Local Media
Coverage/ Adverse Filling History |
: |
No Record
Found |
SITE VISIT COMMENTARY
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Our representative visited the subject company Head Address which is situated at Tanaka Tower (1st Floor- East Side), 42/1/GA, Segunbagicha,Dhaka-1000, Bangladesh |
GENERAL COMMENTS
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Subject company is considered large sized in its line with Below Average financial conditions. We recommend that Credit should be extended under guarantee in C.O.D to small amount. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.16 |
|
|
1 |
Rs.97.77 |
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Euro |
1 |
Rs.82.78 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to
overcome financial difficulties seems comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.