|
Report Date : |
23.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
GAZI GROUP OF
COMPANIES LTD. |
|
|
|
|
Registered Office : |
37/2, Bir Pratik Gazi Golam Dastagir Road, Purana Paltan, Dhaka-1000 |
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Country : |
Bangladesh |
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Date of Incorporation : |
08.06.2011 |
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Com. Reg. No.: |
C-93400 |
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Legal Form : |
Private Company |
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Line of Business : |
· Manufacturer & Distributor of Fabrics, Tyres & Tube Developers of Real
Estate, Telecommunication, Education Management & Financial
Institution |
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|
|
|
No of Employees : |
1000 (40 in Office & 960 in Factory) |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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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 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 |
: |
Gazi Group of
Companies Ltd. |
|
Head
Office |
: |
37/2, Bir Pratik Gazi Golam Dastagir Road, Purana
Paltan, Dhaka-1000, Bangladesh. |
|
Tel
No |
: |
88-02-9566080, 9566485 |
|
Fax
No |
: |
Nil |
|
E-mail |
: |
|
|
Website |
: |
|
|
Date/
Year
of Incorporation |
: |
08.06.2011 |
|
Incorporation No. |
: |
C-93400 |
|
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) |
FINANCIALS-
SUMMARY
|
|||
|
Year |
Turnover/ Sales |
Assets |
Income |
|
July’ 12~June’ 13 |
Tk. 850 Million |
Tk. 2445.95 Million |
Tk. 75.65 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
|
||
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|
|
|
|
Name |
: |
Mr. Mirajul Islam |
|
Designation |
: |
Manager (Admin
& Commercial) |
Locations
Details
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||
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||
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Operating
Address |
: |
37/2, Bir Pratik Gazi Golam Dastagir Road, Purana
Paltan, Dhaka-1000, Bangladesh. |
|
Tel
No |
: |
88-02-9566080, 9566485 |
|
Fax
No |
: |
Nil |
|
E-mail |
: |
|
|
Website |
: |
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Location : |
: Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
3500 |
Sq. ft. |
|
Type of Office : |
: Commercial Office Bldg. |
Ö |
|
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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Factory: |
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|
Address |
: |
Vill: Khadun,
P S: Rupganj, Dist: Narayanganj,
Bangladesh. |
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Tel
No |
: |
Nil |
|
Fax
No |
: |
Nil |
|
Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
10 |
Acores |
|
Sales Address: |
||
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Address |
: |
84/85, Water
Works Road, Pogta, Lalbagh, Dhaka-1100, Bangladesh. |
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Tel
No |
: |
88-02-7319714-8 |
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Fax
No |
: |
88-02-7319713 |
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Corporate Address: |
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|||||||||
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|||||||
|
Address |
: |
Eunoos Trade
Center (Level-12), 52-53, Dilkusha C/A, Dhaka-1000, Bangladesh. |
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|||||||
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Tel
No |
: |
88-01777777927 |
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|||||||
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Fax
No |
: |
Nil |
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|||||||
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|||||||
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Employee: |
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|||||||||
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No.
of Employees |
In
Office |
: |
40 |
In
Factory |
: |
960 |
||||
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In Branch: |
: |
- |
Total
|
: |
1000 |
|||||
OWNERSHIP/SHAREHOLDERS |
|
|
Names of Shareholders |
No. of Share |
|
Gazi Bangladesh
ltd. & Gazi fashion Ltd. |
8000 |
|
Gazi Properties
ltd. |
2000 |
DIRECTORS
|
|
|
Name |
Designation |
|
Mr. Gazi Golam Dastagir |
Chairman |
|
Mr. G. M.
Kamal |
Managing
Director |
MANAGEMENT
|
||
|
Name |
: |
Mr. Mirajul Islam |
|
Job Description |
: |
Manager (Admin & Commercial) |
|
Nationality |
: |
Bangladeshi. |
|
Email address |
: |
N/A |
|
Other details |
: |
N/A |
· Manufacturer & Distributor of Fabrics, Tyres & Tube
Developers
of Real Estate, Telecommunication,
Education Management & Financial Institution
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 |
DETAILED
DATA
|
|
||||||||||
|
Trade Reference
& Related Parties |
: |
Overseas Clients |
: |
Taizhou Taifu Pump
Co, Ltd.-China |
Local Clients |
: |
N/A |
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|||
|
Overseas Suppliers |
: |
N/A |
Local Suppliers |
: |
N/A |
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|||||
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Trade Markets |
: |
Exports |
: |
N/A |
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Imports |
: |
China, Indi,
Thailand, Malaysia |
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Brand Name |
: |
N/A |
|||||||||
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Certified |
: |
N/A |
|||||||||
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Auditors |
: |
N/A |
|||||||||
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Operation Status |
: |
Active. |
|||||||||
|
Member |
: |
N/A |
|||||||||
CAPITAL STRUCTURE |
|
||||||||
|
Capital Invest |
: |
Tk. 1, 000,000 |
|
||||||
|
Paid-up Capital |
: |
Tk. 10, 00,000 |
No. of Shares |
: |
10, 000 |
Share Value |
: |
Tk.100.00Each |
|
|
Main Assets |
: |
Tk. 2445.95 Million |
|
||||||
FINANCIAL
STATEMENT- DETAILED
|
|
The subject company
don’t submit update full financial figure to local registry office. |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
|
||
|
Sister Concerns |
: |
Gazi Bangladesh
Limited Gazi Fabrics Gazi Corporation Bijoy University Gazi Bangladesh
Finance Limited Gazi Foods &
Beverage Limited Gazi Electronics
& Technologies Limited Gzai Creative Media
Limited Gazi Rims Gazi Tank Gazi Foam Gazi Tv Gazi Chula Gazi Insurance Ltd. Gazi International Gazi Communications |
|
Subsidiary |
: |
Nil |
|
Name of The Group |
: |
Gazi Group of
Companies Limited |
|
Bank Name |
: |
Hong Kong Shanghai
Banking Corporation |
|
Bank Address |
: |
Motijheel Branch. City Centre, 103
Motijheel C/A, Dhaka - 1000 Tel: (880 2)
9553053-6(Direct), 7113711-2, 7113714-8 |
|
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 |
SITE
VISIT COMMENTARY
|
|
Our Representative
Visited the subject company Head office which is situated at 37/2, Bir Pratik
Gazi Golam Dastagir Road, Purana Paltan, Dhaka-1000, Bangladesh. The subject
company Manager (Admin
& Commercial) Mr. Mirajul Islam given us all information. Is situated at
commercial area which is a well decorated modern office. |
GENERAL COMMENTS
|
|
Whilst interviewed, Mr. Mieajul Islam, Manager (Admin &
Commercial) of the subject, provided us with a basic outline of the subject's
present state-of-affairs (as given above).The information provided in this
report is based on the information procured from the subject's file at
Official Registry (ROC). |
|
Adopted
Abbreviations: |
||
|
NA- Not Available |
TK- Bangladeshi Taka |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.57 |
|
UK Pound |
1 |
Rs.98.88 |
|
Euro |
1 |
Rs.80.05 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.