|
Report Date : |
21.06.2014 |
|
|
|
|
Tel. No.: |
29569669 |
IDENTIFICATION DETAILS
|
Name : |
ZABER AND ZUBAIR FABRICS LTD. |
|
|
|
|
Registered Office : |
Adamjee Court Main Building (4th Floor) 115-120, Motijheel C/A, Dhaka-1000 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
12.10.1994 |
|
|
|
|
Com. Reg. No.: |
C-26841 |
|
|
|
|
Legal Form : |
Private Co |
|
|
|
|
Line of Business : |
Manufacturer, Distributor, Exporter and Importer of Textile Dying, Printing, Finishing |
|
|
|
|
No of Employees : |
1538 (In Office -38, In Factory - 1500) |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Bangladesh |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
BANGLADESH - ECONOMIC OVERVIEW
Bangladesh's economy has grown roughly 6% per year since 1996 despite political instability, poor infrastructure, corruption, insufficient power supplies, slow implementation of economic reforms, and the 2008-09 global financial crisis and recession. Although more than half of GDP is generated through the service sector, almost half of Bangladeshis are employed in the agriculture sector with rice as the single-most-important product. Garment exports, the backbone of Bangladesh’s industrial sector and 80% of total exports, surpassed $21 billion last year, 18% of GDP. The sector has remained resilient in recent years amidst a series of factory accidents that have killed over 1,000 workers and crippling strikes that shut down virtually all economic activity. Steady garment export growth combined with remittances from overseas Bangladeshis, which totaled almost $15 billion and 13% of GDP IN 2013, are the largest contributors to Bangladesh’s current account surplus and record foreign exchange holdings
|
Source
: CIA |
IDENTIFICATION
DETAILS
|
||
|
|
||
|
Correct
company Name |
: |
Zaber and Zubair Fabrics Ltd. |
|
Head
Office |
: |
Adamjee Court Main Building (4th Floor)
115-120, Motijheel C/A, Dhaka-1000, Bangladesh. |
|
Tel
No |
: |
88-02-9558629, 9569669, 9577069, 9565282 |
|
Fax
No |
: |
N/A |
|
E-mail |
: |
mostofa@znzfab.com sales@znzfab.com |
|
Website |
: |
www.znzfab.com |
|
Date/
Year of Incorporation |
: |
12/10/1994 |
|
Incorporation No. |
: |
C-26841 |
|
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) |
|
Year |
Turnover/ Sales |
Assets |
Income |
|
July’
11~June’ 12 |
Tk. 24515.47 Million |
Tk. 15198.24 Million |
Tk. 531.20 Million |
|
July’
12~June’ 13 |
Tk. 26712.08 Million |
Tk. 16347.71 Million |
Tk. 647.34 Million |
|
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 |
|
|
Information Parted By |
||
|
|
|
|
|
Name |
: |
Mr. Shafiqur
Rahman |
|
Designation |
: |
Manager( HR,
Admin & Compliance) |
|
Contract No |
: |
88-01711272276 |
|
Locations Details |
||
|
|
||
|
Operating
Address |
: |
Adamjee Court Main
Building (4th Floor) 115-120, Motijheel C/A, Dhaka-1000, Bangladesh. |
|
Tel
No |
: |
88-02-9558629, 9569669, 9577069, 9565282 |
|
Fax
No |
: |
N/A |
|
E-mail |
: |
mostofa@znzfab.com sales@znzfab.com |
|
Website |
: |
www.znzfab.com |
|
Location : |
: Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
4200 |
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 |
: |
Pagar, Tongi,
Gazipur, Bangladesh. |
|
Tel
No |
: |
88-02- 9802646, 9801146, 9801012 |
|
Fax
No |
: |
88-02-9800200 |
|
Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
1.5 Acores |
|
Branches: |
|
|
|
|
|
|
|
Address |
: |
Nil |
|
Tel
No |
: |
Nil |
|
Fax
No |
: |
Nil |
|
Employee: |
|
|||||||
|
|
|
|||||||
|
No. of Employees |
In Office |
: |
38 |
In Factory |
: |
1500 |
||
|
In Branch: |
: |
- |
Total
|
: |
1538 |
|||
|
Details: |
|
|
|
|||||
|
Names of Shareholders |
No. of Share |
|
Noman Fabries Ltd. |
66000 |
|
Artex Fabries Ltd |
45000 |
|
Marium Textiles Ltd. |
45000 |
|
Mr. Md. Nurul Islam |
54000 |
|
Mr. Abdullah Mohammad Talha |
45000 |
|
Ms. Nur-E-Yasmin Fatima |
45000 |
|
Name |
Designation |
|
Mr. Md. Nurul
Islam |
Chairman
|
|
Mr. A.S.M. Rafiqul
Islam (Noman) |
Managing Director |
|
Ms. Nur-E-Yasmin
Fatima |
Deputy Managing Director |
|
Mr. Abdullah
Mohammad Zaber |
Deputy Managing Director |
|
Mr. Mohammad
Abdullah Zubair |
Director |
|
Mr. Abdullah
Mohammad Talha |
Director |
|
Name |
: |
Mr. Shafiqur Rahman |
|
Job
Description |
: |
Manager( HR, Admin & Compliance) |
|
Nationality |
: |
Bangladeshi |
|
Email
address |
: |
N/A |
|
Other
details |
: |
88-01711272276 |
|
|
|
|
|
Name |
: |
Mr. Monjurul Hoque |
|
Job
Description |
: |
General Manager |
|
Nationality |
: |
Bangladeshi |
|
Email
address |
: |
N/A |
|
Other
details |
: |
88-01711272276 |
|
Nature
of Activity : |
Manufacturer |
Ö |
Trader |
|
Dealer |
|
Distributor |
Ö |
|
|
|
|||||||
|
|
Exporter |
Ö |
Importer |
Ö |
Services |
|
Others |
|
|
Range of Products: |
||
|
|
||
|
Products |
: |
Textile Dying, Printing, Finishing. |
|
Production
Capacity |
: |
11, 72, 50000 Meters. |
|
Last Year Production |
: |
Do. |
Trading Terms:
|
Purchasing
Terms: |
L/C |
Ö |
Cash |
|
Others |
|
|
|||
|
|
Credit
: |
|
30
days |
|
60
days |
Ö |
90
days |
|
|
days |
|
Selling
Terms : |
L/C |
|
Cash |
Ö |
Others |
|
|
|||
|
|
Credit
: |
Ö |
30
days |
|
60
days |
|
90
days |
|
|
days |
|
Trade
Reference & Related Parties |
: |
Overseas Clients |
: |
SRM (audited by URS) IWAY by IKEA Wall-Mart , H & M Asda , Disney |
Local Clients |
: |
N/A |
||
|
Overseas Suppliers |
: |
N/A |
Local Suppliers |
: |
N/A |
||||
|
Trade Markets |
: |
Exports |
: |
N/A |
|||||
|
Imports |
: |
China, India, Turkey. |
|||||||
|
|
|||||||||
|
Brand Name |
: |
Nil |
|||||||
|
Certified |
: |
ISO 9001:2008 OEKO-Tex Standard 100 BRC Global Standard GOTS-Global
Organic Textile Standard |
|||||||
|
Auditors |
: |
Nil |
|||||||
|
Operation Status |
: |
Active |
|||||||
|
Member |
: |
Bangladesh Textile Mills
Association |
|||||||
|
Authorized
Capital |
: |
Tk. 50 Crore |
||||||
|
Paid-up
Capital |
: |
Tk.3, 00,00,000 |
No. of Shares |
: 3, 00,000 |
Share Value |
: |
Tk.100.00 Each |
|
|
Main
Assets |
: |
Tk. 16347.71 Million |
||||||
The subject company don’t submit update full financial figure to local registry office.
|
Sister
Concerns |
: |
Sufia Cotton Mills
Ltd. Talha Spinning Mills Ltd Mariom Textile Mills Ltd. Noman Fabrics Ltd Zaber Spinning Mills Ltd Noman Textile Mills Ltd. Talha Tex-pro Ltd. Zaber & Zubair
Accessories Ltd. Zarba Textile Mills Ltd. Yasmin Spinning Mills
Ltd. Ismail Textile Mills Ltd. Saad-Saan Textile Mills
Ltd Noman Weaving Mills Ltd. Zaber Spinning Mills Ltd Zubair Spinning Mills
Ltd. Talha Fabrics Ltd. Noman Home Textile Mills
Ltd. Sufia Fabrics Ltd. |
|
Subsidiary |
: |
N/A |
|
Name of
The Group |
: |
Noman Group
|
|
Bank
Name |
: |
Dutch Bangla Bank Ltd. |
|
Bank
Address |
: |
Local Office 1, Dilkusha commercial Area, Dhaka-1000,
Bangladesh. |
|
|
||
|
Bank
Name |
: |
Hong Kong
Shanghai Banking Corporation |
|
Bank
Address |
: |
Dhaka Main Office Anchor Tower, 108, Bir Uttam C R Dutta Road, Dhaka – 1205, Bangladesh Tel: 88-02-9660536-43 Fax: 8802-
9660554, 9669457 |
|
|
|
|
|
Bank
Name |
: |
Dhaka Bank
Ltd. |
|
Bank
Address |
: |
Local Office, Adamjee Court (GF), 115-120 Motijheel C/A, Dhaka-1000 Tel: 8802 9556587, 9556592-3 Fax : 8802 9556583 Email :
local@dhakabank.com.bd |
|
Bank
Name |
: |
Eastern Bank
Ltd. |
|
Bank
Address |
: |
Motijheel Branch 88 Motijheel C/A, Dhaka Phone: 88-02-9559655, 9565073-4 |
|
Bank
Name |
: |
IFIC Bank Ltd. |
|
Bank
Address |
: |
Motijheel Branch, Islam Chamber 125/A, Motijheel C/A Dhaka-1000 Tel : 88-02-9565215-8, 7111934 7111923-26 Fax: : 880-2-9566352 Email:
ificmoti@bol-online.com |
|
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 Adamjee Court Main Building (4th Floor) 115-120, Motijheel C/A, Dhaka-1000, Bangladesh. The subject company Manager (HR, Admin & Compliance) Mr. Shafiqur Rahman given us all information. Is situated at commercial area which is a well decorated modern office.
Established in Oct. 1994, Subject is mainly engaged in 100% Export Oriented Composite Home Textile Industry. Having been in operation for several years, Subject maintains acceptable business volume. Subject enjoys some recognition and impact in the line.
|
Adopted
Abbreviations: |
||
|
NA- Not Available |
TK- Bangladeshi Taka |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 60.27 |
|
|
1 |
Rs. 102.76 |
|
Euro |
1 |
Rs. 82.12 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
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.