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Report No. : |
338618 |
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Report Date : |
02.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
ANWAR JUTE SPINNING MILLS LIMITED |
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Registered Office : |
Baitul Hussain Building(14th Floor), 27, Dilkusha C/A, Dhaka-1000 |
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Country : |
Bangladesh
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Date of Incorporation : |
25.02.1998 |
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Legal Form : |
Public [But Not Listed] |
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Line of Business : |
Manufacturer, Distributor, Exporter and Importer of Jute Yarn and Twine |
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No. of Employees : |
250 |
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 – 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 |
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Moderate |
B1 |
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High |
B2 |
|
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, 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 |
: |
ANWAR JUTE SPINNING MILLS LIMITED |
|
Head Office |
: |
Baitul Hussain Building(14th Floor), 27, Dilkusha C/A, Dhaka-1000, Bangladesh. |
|
Tel No |
: |
88-02-9564033 |
|
Fax No |
: |
88-02-9564020 |
|
E-mail |
: |
mail@anwargroup.com |
|
Website |
: |
www.anwargroup.com |
|
Date/ Year of Incorporation |
: |
25.02.1998 |
|
Incorporation No. |
: |
C-34916 |
|
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/
(Loss) |
|
July’ 13~June’ 14 |
BDT 496 Million |
BDT 1137.50 Million |
BDT 23.80 Million |
|
July’ 14~June’ 15 |
BDT 643 Million |
BDT 1198.87 Million |
BDT 37.29 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. Prokash Kumar
Biswas |
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Designation |
: |
Accountants |
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Contract No |
: |
88-01731344143 |
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Locations
Details |
||
|
Operating Address |
: |
Baitul Hussain Building(14th Floor), 27, Dilkusha C/A, Dhaka-1000, Bangladesh. |
|
Tel No |
: |
88-02-9564033 |
|
Fax No |
: |
88-02-9564020 |
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E-mail |
: |
mail@anwargroup.com |
|
Website |
: |
www.anwargroup.com |
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Location : |
: Owned |
|
Rented |
Ö |
|
Leased |
|
Area |
1800 |
Sq. ft. |
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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 |
: |
Shikirganj, Meherpur, Gagaria, Munshiganj,
Bangladesh |
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Tel No |
: |
Nil |
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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 |
5 |
Acores |
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Branches: |
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Address |
: |
Nil |
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Tel No |
: |
Nil |
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Fax No |
: |
Nil |
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Employee: |
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No. of Employees |
In Office |
: |
25 |
In Factory |
: |
225 |
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In Branch: |
: |
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Total |
: |
250 |
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Details: |
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OWNERSHIP/SHAREHOLDERS
|
|
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Names of Shareholders |
No. of
Share |
|
Mr. Anwar Hossain |
200 |
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Mrs. Bibi Amena |
39090 |
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Mr. Manwar Hossain Mehmood |
77360 |
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Mr. Hossain Mehmood |
77390 |
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Mr. Hossain Khaled |
77480 |
|
Hossain Dyeing and Printing Mills Ltd. |
19240 |
|
Anwar Cement Ltd. |
19240 |
DIRECTORS
|
|
|
Name |
Designation |
|
Mr. Anwar Hossain |
Chairman |
|
Mr. Hossain Khaled |
Managing Director |
|
Mr. Hossain Mehmood |
Director |
MANAGEMENT
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||
|
Name |
: |
Tamanna Sultana |
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Job Description |
: |
Commercial Officer |
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Nationality |
: |
Bangladeshi |
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Email address |
: |
N/A |
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Other details |
: |
N/A |
|
Name |
: |
Mr. Khayer Uddin |
|
Job Description |
: |
Commercial Manager |
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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 : |
Manufacturer |
Ö |
Trader |
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Dealer |
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Distributor |
Ö |
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|||||||
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Exporter |
Ö |
Importer |
Ö |
Services |
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Others |
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Range of
Products: |
||
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||
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Products |
: |
Jute Yarn and Twine |
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Production Capacity |
: |
Nil |
|
Last Year
Production |
: |
Nil |
Trading Terms:
|
Purchasing Terms: |
L/C |
Ö |
Cash |
|
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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|||
|
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Credit : |
|
30 days |
|
60 days |
Ö |
90 days |
|
|
days |
DETAILED
DATA
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|||||||||
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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 |
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Imports |
: |
India, China |
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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
|
|
||||||||
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Authorized
Capital |
: |
BDT 200 Million |
|
||||||
|
Paid-up Capital |
: |
BDT 31000000 |
No. of Shares |
: |
3,10,000 |
Share
Value |
: |
BDT100.00Each |
|
|
Main Assets |
: |
BDT 1198.87 Million |
|
||||||
FINANCIAL
STATEMENT- DETAILED
|
|
||
|
The subject company don’t submit update
financial figure to local registry office. |
|
||
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
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|||
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Sister Concerns |
: |
Mala Corporation. Anwar Cement Ltd. A-One Polymer Ltd Anwar Ispat Limited In 2it Interactive Ltd. AG Automobiles Ltd. Anwar Landmark Ltd. Anwar Galvanizing Ltd Kaba Trading Company A-One Polymer Limited Athena's Furniture’s Ltd Khaled Iron & Steels Ltd. Triumph Engineering Ltd. Anwar Export-Import Ltd. Anwar Specialized Jute Goods Ltd.
The City General Insurance Co. Ltd Sunshine Cables & Rubber Works Ltd. |
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Subsidiary |
: |
Nil |
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Name of The Group |
: |
Anwar Group of Industries |
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BANKING
|
|
|
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Bank Name
|
: |
Dhaka Bank Ltd. |
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Bank Address |
: |
Local Office, Adamjee Court (GF), 115-120 Motijheel C/A, Dhaka-1000, Bangladesh Tel: 88-02-9556587, 9556592-3 Fax: 88-02-9556583 |
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Bank Name
|
: |
Shahajalal Islami Bank Ltd. |
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Bank Address |
: |
Main Branch 58 Dilkusha C/A, Dhaka-1000, Bangladesh Tel: 88-02-9570795-8, 9570805 Fax: 88- 02-9556011 |
ADVERSE
DATA MONITORING
|
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|
Dishonored Checks |
:
|
No Record Found |
|
Debt |
: |
No Record Found |
|
Litigation |
: |
Clear |
|
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 Baitul Hussain Building, 27, Dilkusha C/A, (14th Floor),
Dhaka-1000, Bangladesh. It is Situated Commercial area. |
GENERAL
COMMENTS
|
|
The subject company is engaged in manufacturer, Importer, Exporter
& Distributor. It is reputed company in this line of business. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.26 |
|
|
1 |
Rs.101.99 |
|
Euro |
1 |
Rs.74.79 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
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.