MIRA INFORM REPORT

Report Date :

16.09.2013

IDENTIFICATION DETAILS

Name :	HAMS GARMENTS LTD.

Registered Office :	House#72, Road#3, Block#B, Niketon, Gulshan, Dhaka-1212

Country :	Bangladesh

Date of Incorporation :	03.10.2006

Com. Reg. No.:	C-64008

Legal Form :	Private Co.

Line of Business :	Manufacturer and Exporter of T-Shirts, Polo Shirts.

No. of Employees :	3350 (In Office 32 + 3318 In Factory)

RATING & COMMENTS

MIRA’s Rating :

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 31^st, 2013

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Bangladesh

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

IDENTIFICATION DETAILS

Correct company Name

HAMS GARMENTS LTD.

Head office

House#72, Road#3, Block#B, Niketon,Gulshan,

Dhaka-1212, Bangladesh.

Tel No

88-02-9886392, 9886443, 9897847, 9850790

Fax No

88-02-9891171

E-mail

hgl@hamsgroupbd.com, shafiq@hansgroupbd.com

Website

Date/ Year of Incorporation

03-OCT-2006

Registered No.

C-64008

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) ________________

Issuing Authority

Registrar of Joint Stock Companies & Firms City Corporation

Municipal Administration Union Council

Cantonment Board Chief Controller of Import & Export (CCIE)



Information Parted By

Name	:	Mr. Sumit Kumar Dutta
Designation	:	Manager Commercial
Contract No	:	-

Locations Details

Business Address	:	House#72, Road#3, Block#B, Niketon,Gulshan, Dhaka-1212, Bangladesh.
Tel No	:	88-02-9886392, 9886443, 9897847, 9850790
Fax	:	88-02-9891171
Email	:	hgl@hamsgroupbd.com, shafiq@hansgroupbd.com
website	:	-

Location :

: Owned

Rented

Leased

Area

1800

Sq. ft.

Type of Office :	: Commercial Office Bldg.	Ö		Semi-commercial office Bldg.
	Retail shop		Industrial Park
	Business Center		Home Office
	Residential Bldg.

Factory:

Address

SouthVangnahati, Boiragirchala, Sreepur,Gazipur, Bangladesh

Tel No

88-02-9885674, 0682552877

Fax No

88-02-9881067

Location :

Owned

Rented

Leased

Area

75,000

Sq. ft.

Employee:

No. of Employees	In Office	:	32	In Factory	:	3318
	In Branch:	:	-	Total	:	3350
Details:	-


Names of Shareholders	No. of Share
Mr. Engr. ShafiqurRahman	5000
Md. ShaifurRahmanChowdhury	2000
Md. Abu SufianChowdhury	3000

Name

Designation

Mr. Engr. ShafiqurRahman

Managing Director

Md. ShaifurRahmanChowdhury

Director

Md. Abu SufianChowdhury

Director

Name

Mr. Sumit Kumar Dutta

Email address

Nationality

Bangladesh

Job Description

Manager Commercial

Other details

Nature of Activity :

Manufacturer

Trader

Dealer

Distributor

Exporter

Importer

Others

Range of Products/Item Dealings In:

Products	:	T-Shirts, Polo Shirts.
Production Capacity	:	1716000 Doz per year.
Last Year Production	:	D0

Trading Terms:

Purchasing Terms:	L/C	Ö	Cash		Others
	Credit :		30 days		60 days	Ö	90 days			days

Selling Terms :	L/C	Ö	Cash		Others
	Credit :		30 days		60 days	Ö	90 days			days

Trade Reference & Related Parties

Overseas Clients

N/A

Local Clients

N/A

Overseas Suppliers

N/A

Local Suppliers

N/A

Trade Markets

Exports

USA, Europe

Imports

China, India

Brand Name

N/A

Certified

N/A

Auditors

N/A

Operation Status

Active

Member

Bangladesh Knitwear Manufacturers & Exports Association

Authorized Capital

Tk.150 Million

Paid-up Capital

Tk.10000000

No. of Shares

100000

Share Value

Tk.100.00Each

Main Assets

Tk.130Million

The subject company don’t submit update financial figure to local registry office.


Sister Concerns	:	Hams Washing & Dyeing Ltd. Hams Fashion Ltd
Subsidiary	:	N/A
Name of The Group	:	Hams Group


Bank Name	:	ShahjalalIslami Bank Limited
Bank Address	:	Dhanmondi Branch Momtaz Plaza (1st Floor), House – 07, Road – 04, Dhanmondi R/A, Dhaka – 1205 Fax: 02-9665768 Phone: 9665766, 9665767, 8620592, 8621624 Email:sbldhan@shahjalalbank.com.bd


Dishonored Checks			:	No Record Found
Debt			:	No Record Found
Litigation			:	Clear
Performance Defaults			:	No Record Found
Adverse Local Media Coverage/ Adverse Filling History			:	No Record Found

Our representative visited the subject company head office which is situated at residential area.Mr. Sumit Kumar Dutta– Commercial Manager of the company was given us all information

Based on the financial statement, the subject company financial performance appears to be Average. The subject company has been in its line of business about 6years. Taking into account its standing history, reputation in the market, as well as its financial condition, we recommend that Credit can proceed normally in Moderate amount

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.78
UK Pound	1	Rs.100.70
Euro	1	Rs.84.66

INFORMATION DETAILS

Report Prepared by :

NLM

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.

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