|
Report No. : |
346714 |
|
Report Date : |
26.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
NOMAN WEAVING MILLS LTD. |
|
|
|
|
Registered Office : |
Adamjee Court (4th Floor), 115 -120 MotiJheel C/A, Dhaka-1000 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
21.12.2005 |
|
|
|
|
Com. Reg. No.: |
C-60013 |
|
|
|
|
Legal Form : |
Private Co |
|
|
|
|
Line of Business : |
Manufacturer, Distributor and Exporter of Gray Fabrics |
|
|
|
|
No of Employees : |
699 |
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 |
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
: |
NOMAN WEAVING
MILLS LTD. |
|
Head Office |
: |
Adamjee Court (4th Floor), 115 -120 MotiJheel C/A, Dhaka-1000,
Bangladesh |
|
Tel No |
: |
88- 02-9578407-8, 9578402-4, 9569669 |
|
Fax No |
: |
880-2-9564336, 9565282 |
|
E-mail |
: |
monirplal@znzfab.com |
|
Website |
: |
www.nomangroup.com |
|
Date/ Year of Incorporation |
: |
21.12.2005 |
|
Incorporation
No. |
: |
C-60013 |
|
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.435 Million |
Tk.4231.50 Million |
Tk.17.40 Million |
|
|
July’ 13~June’ 14 |
Tk.650 Million |
Tk.4457.95 Million |
Tk.26.55 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
|
||
|
|
||
|
Information Parted By |
||
|
|
|
|
|
Name |
: |
Mr. Monirul Islam |
|
Designation |
: |
Ass. General Manager |
|
Contract No |
: |
- |
|
Locations Details |
||
|
|
||
|
Business Address |
: |
Adamjee Court (4th Floor), 115 -120 MotiJheel C/A, Dhaka-1000,
Bangladesh |
|
Tel No |
: |
88- 02-9578407-8, 9578402-4, 9569669 |
|
E-mail |
: |
880-2-9564336, 9565282 |
|
Fax No |
: |
monirplal@znzfab.com |
|
Website |
: |
www.nomangroup.com |
|
Location : |
: Owned |
|
|
Rented |
Ö |
|
Leased |
|
Area |
2400 |
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 |
: |
Mowua, Sreepur, Gazipur, Bangladesh |
|
Tel No |
: |
88-02-09606500450, 0682551949 |
|
Fax No |
: |
- |
|
Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
2.0 |
Acores. |
|
Employee: |
|
|||||||
|
|
|
|||||||
|
No. of Employees |
In Office |
: |
93 |
In Factory |
: |
606 |
||
|
In Branch: |
: |
- |
Total |
: |
699 |
|||
|
Details: |
- |
|
|
|||||
OWNERSHIP/SHAREHOLDERS
|
|
|
Names of
Shareholders |
No. of Share |
|
Mr. Imran Ahmed Chowdhury |
63000 |
|
Mr. Abdullah Jobair |
30300 |
|
Mr. Md. Nurul Islam |
30300 |
|
Mr. Md. Abdullah Al- Mamun |
55000 |
|
Mr. Abdullah Zaber |
30300 |
|
Mr. Abdullah Mohammad Talha |
30300 |
|
Ms. Nur-E-Yesmain Fatema |
30300 |
|
Mr. A.S.M. Rafiqul Islam |
30300 |
DIRECTORS
|
|
|
Name |
Designation |
|
Mr. Imran Ahmed Chowdhury |
Managing Director |
|
Mr. Abdullah Jobair |
Director |
|
Mr. Md. Abdullah Al- Mamun |
Director |
MANAGEMENT
|
||
|
Name |
: |
Mr. Khairul Islam |
|
Job Description |
: |
General Manager |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
- |
|
Other details |
: |
- |
|
Name |
: |
Mr. Md. Sohrab Hossain( Babar) |
|
Job Description |
: |
Deputy General Manager |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
- |
|
Other details |
: |
- |
|
Name |
: |
Mr. Monirul Islam |
|
Job Description |
: |
Ass. General Manager |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
monirplal@znzfab.com |
|
Other details |
: |
Mr. Monirul Islam |
|
Name |
: |
Mr. Abdul Mumen |
|
Job Description |
: |
Manager ( production) |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
- |
|
Other details |
: |
- |
BUSINESS
OPERATIONS
|
||||||||
|
Nature of Activity : |
Manufacturer |
Ö |
Trader |
|
Dealer |
|
Distributor |
Ö |
|
|
Exporter |
Ö |
Importer |
|
Others |
|
|
|
|
Range of
Products/Item Dealings In: |
||
|
|
||
|
Products |
: |
Gray Fabrics |
|
Production Capacity |
: |
32.56 million meters per year |
|
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 |
Ö |
Cash |
|
Others |
|
|
|||
|
|
Credit : |
|
30 days |
|
60 days |
Ö |
90 days |
|
|
days |
DETAILED
DATA
|
||||||||
|
Trade Reference
& Related Parties |
: |
Overseas Clients |
: |
N/A |
Local Clients |
: |
N/A |
|
|
Overseas Suppliers |
: |
N/A |
Local Suppliers |
: |
N/A |
|||
|
Trade Markets |
: |
Exports |
: |
Europe |
||||
|
Imports |
: |
China, India |
||||||
|
Brand Name |
: |
N/A |
||||||
|
Certified |
: |
Nil |
||||||
|
Auditors |
: |
N/A |
||||||
|
Operation Status |
: |
Active |
||||||
|
Member |
: |
Bangladesh Textile Mills
Association, Dhaka |
||||||
CAPITAL STRUCTURE
|
||||||||
|
Authorized Capital |
: |
Tk.50 crore |
||||||
|
Paid-up Capital |
: |
Tk.3,00,00,000 |
No.
of Shares |
: |
3,00,000 |
Share Value |
: |
Tk.100.00Each |
|
Main Assets |
: |
Tk.4457.95 Million |
||||||
FINANCIAL
STATEMENT- DETAILED
|
|
The subject company don’t submit update
financial figure to local registry office. |
ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES
|
|
Sister Concerns |
: |
Saad Saan Apparels Ltd. Artex Fabrics Ltd. Zaber & Zubair Fabrics Ltd. 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 Accesories Ltd. Zarba Textile Mills Ltd. Yasmin Spinning Mills Ltd. Zaber Spinning Mills Ltd Zubair Spinning Mills Ltd. Talha Fabrics Ltd. Noman Home Textile Mills Ltd Sufia Fabrics Ltd. Nice Denim mills Ltd Noman Terry Towel Mills Ltd. Yasmin Textile Mills Ltd. Ismail Spinning Mills Ltd. Noman Spinning Mills Ltd Noman Composite Textile Ltd. Ismail- Anzuman-Ara Fabrics Ltd. Noman Fashion Fabrics Ltd. Zarba Rotor Spinning Mills Ltd. |
|
Subsidiary |
: |
N/A |
|
Name of The Group |
: |
Noman Group |
BANKING
|
|
|
|
Bank Name
|
: |
Islami Bank Bangladesh Ltd |
|
Bank Address |
: |
Local Office, 75, Motijheel C/A, Dhaka-1000 Phone: 88-02-9571201-2, 9568187, PABX-9552897 Email: ibbl@bttb.net.bd, ibbllofx@aitlbd.net Fax: 880-2-9561105, 9561995 Mobile: 01711-694317 |
|
|
||
|
Bank Name
|
: |
Dutch Bangla Bank Ltd. |
|
Bank Address |
: |
Motijheel Branch, Zerin Mansion, 55, Motijheel Commercial Area, Dhaka-1000 Bangladesh |
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 Head office at Adamjee Court
(4th Floor), 115-120, Motijheel C/A, Dhaka -1000, Bangladesh which is situated at commercial
area. Their Ass. General Manager Mr. Monirul Islam welcome us & given us
all information. |
GENERAL
COMMENTS
|
|
SC is considered medium-sized
in its line with fairly stable financial conditions. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.88 |
|
UK Pound |
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TRU |
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.