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Report No. : |
310229 |
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Report Date : |
02.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
FOUR H DYEING & PRINTING LIMITED |
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|
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Registered Office : |
778, D.T. Road Ashkarabad, Double mooring, Chittagong |
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Country : |
Bangladesh
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Date of Incorporation : |
02.09.2007 |
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Legal Form : |
Private Company |
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Line of Business : |
Dyeing, Knitting and Printing of Solid Dyeing Printed Fabrics, Fabrics. |
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No. of Employees : |
960 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Bangladesh |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
|
Off-credit |
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 |
: |
FOUR H DYEING & PRINTING LIMITED |
|
Head Office |
: |
778, D.T. Road Ashkarabad, Double mooring, Chittagong, Bangladesh. |
|
Tel No |
: |
88-031-2524229, 2520062, 2511452-3, 2511512-4 |
|
Fax No |
: |
88-031-2520072 |
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E-mail |
: |
jamil@fourhgroup.com |
|
Website |
: |
www.fourhgroup.com |
|
Date/ Year of Incorporation |
: |
02.09.2007 |
|
Incorporation No. |
: |
CH-6356
|
|
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 |
BDT 2221.50 Million |
BDT 2148.50 Million |
BDT 237.70 Million |
|
July’ 13~June’
14 |
BDT 2345.65 Million |
BDT 2289.31 Million |
BDT 175.92 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 - Tk.12.8399 |
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FULLCHECK
REPORT DETAILS
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Information Parted By |
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Name |
: |
Mrs. Majeda
Kawser |
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Designation |
: |
Senior Executive
(Compliance) |
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Contract No |
: |
- |
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Locations Details |
||
|
Operating Address |
: |
778, D.T. Road Ashkarabad, Double mooring, Chittagong,
Bangladesh. |
|
Tel No |
: |
88-031-2524229, 2520062, 2511452-3, 2511512-4 |
|
Fax No |
: |
88-031-2520072 |
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E-mail |
: |
jamil@fourhgroup.com |
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Website |
: |
www.fourhgroup.com |
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Location : |
: Owned |
Ö |
|
Rented |
|
|
Leased |
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Area |
3200 |
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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Factory: |
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Address |
: |
Arakan Road, Word No# 6, Kalarpol, Chapra,
Patiya, Chittagong, Bangladesh. |
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Tel No |
: |
88-01746131471 |
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Fax No |
: |
Nil |
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Owned |
Ö |
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Rented |
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Leased |
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Area |
58000 |
Sq. ft. |
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Branches: |
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Address |
: |
Flat H,11/F, Gold King Ind, Building 35-41
Tai Lin Pai Road, Kwai Chung, Hong Kong |
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Tel No |
: |
852-2480 0186 |
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Fax No |
: |
852-2480 0187 |
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Employee: |
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|||||||
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No. of Employees |
In Office |
: |
50 |
In Factory |
: |
910 |
||
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In Branch: |
: |
- |
Total |
: |
960 |
|||
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Details: |
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OWNERSHIP/SHAREHOLDERS
|
|
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Names of Shareholders |
No. of
Share |
|
Mr. M.A. Mamun |
700 |
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Mr. Md. Hasan |
600 |
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Mr. Gauhar Siraj Jamil |
700 |
DIRECTORS
|
|
|
Name |
Designation |
|
Mr. M.A. Mamun |
Chairman |
|
Mr. Md. Hasan |
Managing Director |
|
Mr. Gauhar Siraj Jamil |
Director |
MANAGEMENT
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||
|
Name |
: |
Mrs. Majeda
Kawser |
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Job Description |
: |
Senior Executive
(Compliance) |
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Nationality |
: |
Bangladeshi. |
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Email address |
: |
N/A |
|
Other details |
: |
N/A |
BUSINESS
OPERATIONS
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Nature of Activity : |
Dyeing |
Ö |
Knitting |
Ö |
Dealer |
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Distributor |
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Exporter |
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Printing |
Ö |
Services |
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Others |
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Range of
Products: |
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Products |
: |
Solid dyeing printed fabrics, Fabrics. |
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Production Capacity |
: |
Sold Dying: 520000 kg Per Month Printed Fabric: 80000 kg per Month |
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Last Year
Production |
: |
Do |
Trading Terms:
|
Purchasing Terms: |
L/C |
Ö |
Cash |
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Others |
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|||
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Credit : |
|
30 days |
|
60 days |
Ö |
90 days |
|
|
days |
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Selling Terms : |
L/C |
Ö |
Cash |
|
Others |
|
|
|||
|
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Credit : |
|
30 days |
Ö |
60 days |
|
90 days |
|
|
days |
DETAILED
DATA
|
|
|||||||||
|
Trade Reference
& Related Parties |
: |
Overseas Clients |
: |
H&M, Next Li & Fung C&A, Tesco Warnaco |
Local Clients |
: |
N/A |
|||
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Overseas Suppliers |
: |
N/A |
Local Suppliers |
: |
N/A |
|||||
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Trade Markets |
: |
Exports |
: |
USA, Europe, Hong Kong |
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Imports |
: |
China, India |
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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. |
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Member |
: |
Bangladesh Garments Manufacturer & Exporters
Association. |
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CAPITAL STRUCTURE
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||||||||
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Authorized
Capital |
: |
BDT 50 Million |
|
||||||
|
Paid-up Capital |
: |
BDT
2, 00,000 |
No. of Shares |
: |
2000 |
Share
Value |
: |
BDT 100.00Each |
|
|
Main Assets |
: |
BDT 2289.31 Million |
|
||||||
FINANCIAL
STATEMENT- DETAILED
|
|
The subject company don’t submit update full
financial figure to local registry office. |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
|
||
|
Sister Concerns |
: |
Charm Fashion Pegasi Textile Ltd Four H Lingerie Ltd. Four H Knittex Ltd. Belamy Textiles Ltd. Devine Design Ltd. Nafisa Apparels Ltd. IPL Accessories Ltd. Fairy Fabric Printing Four H Fashions Ltd. Four H Intimates Ltd. Four H Apparels Ltd. Four H Composite Ltd. Badgetex Apparels Ltd. Alamode Apparels Ltd Intimates Elastic Industries Ltd. Islam Pack & Accessories Ltd. |
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Subsidiary |
: |
N/A |
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Name of The Group |
: |
Four H Group. |
BANKING
|
|
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Bank Name
|
: |
United Commercial
bank Ltd. |
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Bank Address |
: |
Agrabad Branch, Kashfia Plaza (1st Floor) 923/A, Sheikh Mujib Road Agrabad C/A. Chittagong-PC. 4000 Tel: 88-031-710706, 716020, 711054, 725997, 711053-5 Swift: UCBLBDDHAGB Fax: 88-031-711054 Cell: 01711-804129, 0171-725136 Email:agb@ucbl.com |
ADVERSE
DATA MONITORING
|
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|
Dishonored Checks |
:
|
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
|
|
Our Representative Visited the subject company address at 778, D.T. Road
Ashkarabad, Double mooring, Chittagong, Bangladesh. The subject company
Senior Executive of Compliance Mrs. Majeda Kawser welcome us & given us
all information. Its office is decorated by western furniture. |
GENERAL
COMMENTS
|
|
Subject is mainly engaged in Manufacturer & Exporter of Dyeing,
Knitting & printing. The subject company maintains acceptable business
volume. Based on the financial statements, SC’s financial performance appears
to be average. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.79 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.69.29 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
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 |
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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 |
|
|
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.