|
Report No. : |
321760 |
|
Report Date : |
16.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
ZABER AND ZUBAIR FABRICS LTD. |
|
|
|
|
Registered Office : |
Globe Chamber (4th floor), 104 Motijheel C/A, Dhaka-1000 |
|
|
|
|
Country : |
Bangladesh
|
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Date of Incorporation : |
12.10.1994 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
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Line of Business : |
Manufacturer, Distributor, Exporter and Importer of Fabrics, Dying, Printing, Finishing. |
|
|
|
|
No. of Employees : |
1538 |
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 : |
Good |
|
Payment Behaviour : |
Regular |
|
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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, accounted for more
than 80% of total exports and surpassed $18 billion in 2014. 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 $14 billion and 8% of GDP in 2014 -
are the largest contributors to Bangladesh’s current account surplus and rising
foreign exchange holdings.
|
Source
: CIA |
IDENTIFICATION DETAILS
|
||
|
Correct company Name |
: |
ZABER AND ZUBAIR FABRICS LTD. |
|
Head Office |
: |
Adamjee Court (4th Floor), 115 -120 Motijheel C/A, Dhaka-1000,
Bangladesh |
|
Tel No |
: |
88- 02-9578407-8, 9578402-4 |
|
Fax No |
: |
88-02-9564336, 9565282 |
|
E-mail |
: |
mostofa@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) |
FINANCIALS- SUMMARY
|
|||
|
Year |
Turnover/
Sales |
Assets |
Income |
|
July’ 12~June’
13 |
BDT
26712.08 Million |
BDT
16347.71 Million |
BDT 647.34
Million |
|
July’ 13~June’
14 |
BDT
28197.25 Million |
BDT
17531.40 Million |
BDT 895.56
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 |
|
FULLCHECK
REPORT DETAILS
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Information Parted By |
||
|
|
|
|
|
Name |
: |
Mr. Shafiqur
Rahman |
|
Designation |
: |
Manager( HR,
Admin & Compliance) |
|
Contract No |
: |
N/A |
|
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 |
|
Fax No |
: |
N/A |
|
E-mail |
: |
mostofa@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. |
|
|
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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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|
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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 |
|
Registration Address: |
||
|
|
|
|
|
Address |
: |
Globe Chamber (4th floor), 104
Motijheel C/A, Dhaka-1000, Bangladesh. |
|
Tel No |
: |
Nil |
|
Fax No |
: |
Nil |
|
Employee: |
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|||||||
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|||||||
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No. of Employees |
In Office |
: |
38 |
In Factory |
: |
1500 |
||
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In Branch: |
: |
- |
Total |
: |
1538 |
|||
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Details: |
|
|
|
|||||
OWNERSHIP/SHAREHOLDERS
|
|
|
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 |
DIRECTORS
|
|
|
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 |
MANAGEMENT
|
||
|
Name |
: |
Mr. Shafiqur Rahman |
|
Job Description |
: |
Manager( HR, Admin & Compliance) |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
N/A |
|
Other details |
: |
- |
|
|
|
|
|
Name |
: |
Mr. Monjurul Hoque |
|
Job Description |
: |
General Manager |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
N/A |
|
Other details |
: |
- |
BUSINESS
OPERATIONS
|
||||||||
|
Nature of Activity : |
Manufacturer |
Ö |
Trader |
|
Dealer |
|
Distributor |
Ö |
|
|
|
|||||||
|
|
Exporter |
Ö |
Importer |
Ö |
Services |
|
Others |
|
|
Range of
Products: |
||
|
|
||
|
Products |
: |
Fabrics, 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 |
DETAILED
DATA
|
|
|||||||||
|
Trade Reference
& Related Parties |
: |
Overseas Clients |
: |
SRM IWAY Wall-Mart , H & M Asda , Disney |
Local Clients |
: |
N/A |
|
||
|
Overseas Suppliers |
: |
N/A |
Local Suppliers |
: |
N/A |
|
||||
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Trade Markets |
: |
Exports |
: |
USA, Europe |
|
|||||
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Imports |
: |
China, India, Turkey. |
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|||||||
|
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 |
||||||||
CAPITAL STRUCTURE
|
|
|||||||
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Authorized
Capital |
: |
BDT 500 Million |
|
|||||
|
Paid-up Capital |
: |
BDT 3, 00,00,000 |
No. of Shares |
: 3, 00,000 |
Share
Value |
: |
BDT 100.00Each |
|
|
Main Assets |
: |
Tk. 16347.71 Million |
|
|||||
FINANCIAL
STATEMENT- DETAILED
|
|
|||||
|
The subject company don’t submit update full
financial figure to local registry office. |
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|||||
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ASSOCIARES/SUBSIDIARIES/RELATED
PARTIES
|
|
|||||
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Sister Concerns |
: |
Noman Fabrics Ltd Talha Fabrics Ltd. Sufia Fabrics Ltd. Talha Tex-pro Ltd. Sufia Cotton Mills Ltd. Zarba Textile Mills Ltd. Ismail Textile Mills Ltd. Noman Weaving Mills Ltd Talha Spinning Mills Ltd Mariom Textile Mills Ltd. Zaber Spinning Mills Ltd Noman Textile Mills Ltd. Zaber Spinning Mills Ltd Zubair Spinning Mills Ltd Yasmin Spinning Mills Ltd. Saad-Saan Textile Mills Ltd Noman Terry Towel Mills Ltd. Noman Home Textile Mills Ltd. Zaber & Zubair Accessories Ltd. |
||||
|
Subsidiary |
: |
N/A |
||||
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Name of The Group |
: |
Noman Group |
||||
|
|
|
|
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BANKING
|
|
|
||||
|
Bank Name
|
: |
Dutch Bangla Bank
Ltd. |
|
|||
|
Bank Address |
: |
Local Office 1, Dilkusha commercial Area, Dhaka-1000, Bangladesh. |
|
|||
|
|
|
|||||
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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 |
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|||
|
|
|
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|
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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 |
|
|||
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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, Fax: : 880-2-9566352 |
ADVERSE
DATA MONITORING
|
||
|
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 Adamjee Court (4th Floor), 115 -120 Motijheel C/A, Dhaka-1000,
Bangladesh. It is Situated at Commercial area. |
GENERAL
COMMENTS
|
|
The subject company is engaged in manufacturer, Exporter &
distributors. It is reputed company in
this line of business. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.57 |
|
|
1 |
Rs.100.30 |
|
Euro |
1 |
Rs.72.37 |
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 |
|
|
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.