MIRA INFORM REPORT
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Report No. : |
350662 |
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Report Date : |
23.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
HABIB GROUP |
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Registered Office : |
HG Tower, 1182, Nur Ahmed Road, (Jublee Road), Love Lane, Chittagong |
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Country : |
Bangladesh |
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Date of Incorporation : |
1947 |
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Legal Form : |
Group of Company |
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Line of Business : |
Manufacturer, Exporter, Importer, Distributor, Aviation, Developer, Ship Breaking, of Aviation Apparel, Cement, Energy, Textile, Spinning, Steel, Ship breaking, Real Estate, Paper. |
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No. of Employee : |
20,000 |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Bangladesh |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
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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.
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Source
: CIA |
Executive summary
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IDENTIFICATION DETAILS |
||
|
Correct company Name |
: |
Habib Group |
|
Head Office |
: |
HG Tower, 1182, Nur Ahmed Road, (Jublee Road), Love Lane, Chittagong, Bangladesh |
|
Tel No |
: |
88-031-2868204-7, 2868841-3 |
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Fax No |
: |
88-031-2868208 |
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E-mail |
: |
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Website |
: |
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Date/ Year of Establishment |
: |
1947 |
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Trade License No |
: |
Nil |
|
Legal Form (General) |
: |
Public Listed Co Public (but not listed) Private Co State-owned Co Group of Company Partnership Not Registered others (please specify)
________________ |
|
Legal form (Specific) |
: |
LTD CORP INC Group of Company others (please specify)
________________ |
|
Issuing Authority |
: |
Registrar of
Joint Stock Companies & Firms
Not Registered Municipal Administration Union Council Cantonment Board
Chief Controller of Import & Export |
FINANCIALS-
SUMMARY
|
Year |
Turnover/
Sales |
Assets |
Income |
|
July’ 13~June’ 14 |
BDT 38900 Million |
BDT 25941.50 Million |
BDT 2256.20 Million |
|
July’ 14~June’ 15 |
BDT 41370 Million |
BDT 29795.85 Million |
BDT 2347.35 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 |
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FULLCHECK
REPORT DETAILS
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Information Parted By |
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Name |
: |
Mr. Rafiqui Uddin Siddiqui |
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Designation |
: |
General Manager |
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Contract No |
: |
N/A |
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Locations Details |
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Business Address |
: |
HG Tower, 1182, Nur Ahmed Road, (Jublee Road), Love Lane, Chittagong, Bangladesh |
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Tel No |
: |
88-031-2868204-7, 2868841-3 |
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Fax No |
: |
88-031-2868208 |
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E-mail |
: |
info@habibgroupbd.com |
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Website |
: |
www.habibgroupbd.com |
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Location : |
: Owned |
Ö |
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Rented |
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Leased |
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Area |
10500 |
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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Factories: |
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Address |
: |
East Kalurghat, Charkhidirpur, Bandar
Chittagong, Bangladesh Sitakundo, Chittagong, Bangladesh. |
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Commercial office: |
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Address |
: |
Siaam Tower (Level # 7), Plot # 15, Road #
2, Sector # 3, Uttara Model Town, Dhaka-1230, Bangladesh. |
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Tel No |
: |
Nil |
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Fax No |
: |
Nil |
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Branches: |
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Address |
: |
Rang Arcade (2nd Floor), Plot # 10 A, House # 153/A,
Gulshan Avenue, Gulshan-2, Dhaka-1212, Bangladesh. |
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Tel No |
: |
88-02-8835719, 9883744 |
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Fax No |
: |
Nil |
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Employee: |
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No. of Employees |
In Office |
: |
300 |
Factory |
: |
19500 |
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In Branch: |
: |
200 |
Total |
: |
20,000 |
|||
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Details: |
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Board
of Director
|
Board of
Directors |
: |
Mr. Yakub Ali - Chairman Yasin Ali - Managing Director Mashruf Habib - Director Salman Habib - Director Tanvir Habib - Director |
MANAGEMENT
|
Name |
: |
Mr. Rafiqui Uddin Siddiqui |
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Job Description |
: |
General Manager |
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Nationality |
: |
Bangladeshi |
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Email address |
: |
rafiqui@valiantbd.com |
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Other details |
: |
N/A |
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Name |
: |
Mr. Rupom Das |
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Job Description |
: |
Officer (Commercial) |
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Nationality |
: |
Bangladeshi |
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Email address |
: |
N/A |
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Other details |
: |
N/A |
BUSINESS
OPERATIONS
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Nature of Activity : |
Manufacturer |
Ö |
Aviation |
Ö |
Developer |
Ö |
Distributor |
Ö |
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|||||||
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Exporter |
Ö |
Importer |
Ö |
Ship Breaking |
Ö |
Others |
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Range of
Products: |
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Products |
: |
Aviation, Apparel, Cement, Energy, Textile,
Spinning, Steel, Ship breaking, Real Estate, Paper |
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Production Capacity |
: |
N/A |
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Last Year
Production |
: |
N/A |
Trading Terms:
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Purchasing Terms: |
L/C |
Ö |
Cash |
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Others |
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|||
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Credit : |
|
30 days |
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60 days |
Ö |
90 days |
|
|
days |
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Selling Terms : |
L/C |
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Cash |
Ö |
Others |
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|||
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Credit : |
Ö |
30 days |
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60 days |
|
90 days |
|
|
days |
DETAILED
DATA
|
Trade Reference
& Related Parties |
: |
Overseas Clients |
: |
N/A |
Local Clients |
: |
N/A |
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Overseas Suppliers |
: |
N/A |
Local Suppliers |
: |
N/A |
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Trade Markets |
: |
Exports |
: |
Europe, USA |
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Imports |
: |
India, China |
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Brand Name |
: |
Nil |
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Certified |
: |
Nil |
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Auditors |
: |
Nil |
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Operation Status |
: |
Active |
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Member |
: |
N/A |
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CAPITAL
STRUCTURE
|
Capital Invested |
: |
BDT 1000 Million |
|
Assets |
: |
BDT 29795.85
Million |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
|
Sister Concerns |
: |
Habib Salt Regent Power HG Aviation Ltd. Noor Garments Ltd. Anowara Paper Mill Valiant Fashions Ltd. Legacy Fashions Ltd. Habib Steels Limited Valiant Garments Ltd. Anowara Fashion Ltd. Diamond Cement Ltd. Anowara Apparels Ltd Regent Weaving Limited Regent Spinning Mills Ltd Mudys Navigation Limited MTS Re-rolling mills Limited Tariq‑Adib Heimtex
Mills Ltd. Habib Shares and Securities Ltd Bangladesh Fertilizers & Agrochemicals Limited.. |
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Subsidiary |
: |
N/A |
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Name of The Group |
: |
Habib Group |
BANKING
|
Bank Name
|
: |
Agrabad Branch |
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Bank Address |
: |
Chittagong Branch 71, Agrabad c/A, P. O. Box 787, Chittagong Tel: 88-031-713325-7 |
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Bank Name
|
: |
Exim Bank Ltd. |
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Bank Address |
: |
Agrabad Branch World Trade Center, 102,103 Agrabad C/A, Chittagong, Bangladesh Tel: 88-031-727657, 727658, 2510733,
2511264 |
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 Head Office which is
situated at HG Tower, 1182, Nur Ahmed Road, (Jublee Road), Love Lane,
Chittagong, Bangladesh. It is Situated at Commercial area. |
GENERAL
COMMENTS
|
The subject company is engaged in manufacturer, Importer, Exporter,
Aviation, Developer, Ship Breaking & Distributors. It is reputed company
in this line of business. We recommended that Credit can proceed with
favorable terms in Large amount. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.09 |
|
|
1 |
Rs.101.04 |
|
Euro |
1 |
Rs.70.86 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ANK |
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.