MIRA INFORM REPORT

 

 

Report No. :

501563

Report Date :

07.04.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

ANWAR GROUP OF INDUSTRIES

 

 

Registered Office :

Baitul Hussain Building (14th Floor), 27, Dilkusha C/A, Dhaka-1000

 

 

Country :

Bangladesh

 

 

Year of Establishment :

1834

 

 

Legal Form :

Group of Industries

 

 

Line of Business :

Manufacturer, Distributor and Importer of Textile, Jute, Yarn, Building Materials, Real Estate, Furniture, ICT, Automobiles, Trading, Finance.

 

 

No. of Employees :

12800

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A+

 

Credit Rating

Explanation

 

Rating Comments

A+

Low Risk

Business dealings permissible with low risk of default

 

 

 

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

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Bangladesh

A2

A2

 

Risk Category

ECGC

Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

BANGLADESH - ECONOMIC OVERVIEW

 

Bangladesh's economy has grown roughly 6% per year since 1996 despite prolonged periods of political instability, poor infrastructure, endemic corruption, insufficient power supplies, and slow implementation of economic reforms. Although more than half of GDP is generated through the services 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 were on track to again surpass $25 billion in 2017. The sector continues to grow, despite the need for improvements in factory working conditions to avert further high-profile accidents that have killed more than 1,000 workers in recent years. Steady export growth in the garment sector combined with remittances from overseas Bangladeshis - which totaled about $13 billion and 6% of GDP in 2016 - are key contributors to Bangladesh's sustained economic growth and rising foreign exchange reserves.

The recent influx of hundreds of millions of additional refugees from Burma will place pressure on the Bangladeshi government’s budget and the country’s rice supplies, which declined in 2017 in part because of adverse weather.

 

Source : CIA

 

COMPANY NAME

 

ANWAR GROUP OF INDUSTRIES

 

 

EXECUTIVE SUMMARY

 


                                                IDENTIFICATION DETAILS

Correct company Name

:

Anwar Group of Industries

Head Office

:

Baitul Hussain Building (14th Floor), 27, Dilkusha C/A, Dhaka-1000,

Bangladesh.

Tel No

:

88-02-9564033-7

Fax No

:

88-02-9564020

E-mail

:

mail@anwargroup.com

Website

:

www.anwargroup.com

Date/ Year of Establishment

:

1834

Trade License No

:

Nil

Legal Form (General)

:

 Public Listed Co        Public (but not listed)   Private Co   State-owned Co

 Group of Industries  Partnership                     Not Registered

 others (please specify) ________________

Legal form (Specific)

:

LTD   CORP    INC  Group of Industries    

 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

30th June, 2017

N/A

N/A

N/A

 

 

FULLCHECK REPORT DETAILS

 

                                                             Information Parted By

Name

:

Mr. Touhidul Islam

Designation

:

Company Secretary

Contract No

:

N/A

 

                                                               Locations Details

Business Address

:

Baitul Hossain Building (14th  Floor), 27, Dilkusha C/A,

Dhaka-1000, Bangladesh.

Tel No

:

88-02-9564033-7

Fax No

:

88-02-9564020

E-mail

:

mail@anwargroup.com

Website

:

www.anwargroup.com

 

Location :

: Owned

 

Rented

Ö

Leased

 

Area

4500

Sq. ft.

 

 

Type of Office :

:       Commercial Office Bldg.

Ö

 

Semi-commercial office Bldg.

Retail shop

 

 

Industrial Park

Business Center

 

 

Home Office

Residential Bldg.

 

 

 

 

Factory Addresses :

 

Address

:

Tetul Tola, B.K Ray Para, Bangladesh              

 

 

Shikirganj, Meherpur, Bangladesh

 

 

Gagaria, Munshiganj, Bangladesh

 

 

Ghorashal Hwy, Tongi. Bangladesh

 

 

Morkun, TNT Bazar, Tongi, Gazipur-171 Bangladesh

 

 

Kunia Pathaor, Taragaci, Board Bazar, Gazipur, BD.

 

 

Pathan Para, Pagar, Tongi, Gazipur, Bangladesh

 

 

 

Branch Address:

 

Address

:

Nil

 

Tel No

:

Nil

 

Fax No

:

Nil

 

 

Employee:

 

 

 

No. of Employees 

 

In Office

:

N/A

In Factory

:

N/A

In Branch:

:

N/A

Total

:

12800

Details:

 

                    

 

 

 

DIRECTORS

 

1.      

 

 

Name

:

Anwar Hossain

Designation

:

Chairman

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

2.      

 

 

Name

:

Mrs. Bibi Amena

Designation

:

Director

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

3.      

 

 

Name

:

Manwar Hossain

Designation

:

Director

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

4.      

 

 

Name

:

Hossain Mehmood

Designation

:

Director

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

5.      

 

 

 

Name

:

Khaled Hossain

Designation

:

Director

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

 

MANAGEMENT

 

Name

:

Anwar Hossain

Job Description

:

Chairman

Nationality

:

Bangladeshi

Email address

:

N/A

Other details

:

N/A

 

Name

:

Mr. Kheyar Uddin

Job Description

:

Manager (Commercial)

Nationality

:

Bangladeshi

Email address

:

N/A

Other details

:

88-01973091250

 

Name

:

Mr. Prokash Kumar Biswas

Job Description

:

Officer (accounts)

Nationality

:

Bangladeshi

Email address

:

N/A

Other details

:

88-01731344143

 

 

BUSINESS OPERATIONS

 

Nature of Activity :

Manufacturer

Ö

Trader

 

Dealer

 

Distributor

Ö

 

 

 

Exporter

 

Importer

Ö

Services

 

Others

 

 

Range of Products:

 

Products

:

Textile, Jute, Yarn, Building Materials, Real Estate, Furniture, ICT,

 Automobiles, Trading, Finance.

Production Capacity

:

N/A

Last Year Production

:

N/A

 

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

:

N/A

 

Local Clients

:

N/A

 

Overseas Suppliers

:

N/A

 

Local Suppliers

:

N/A

 

Trade Markets

:

 

Exports

:

Europe

 

Imports

:

China, India, USA, Japan, Europe

 

Brand Name

:

N/A

Certified

:

N/A

Auditors

:

N/A

Operation Status

:

Active

Member

:

N/A

 

 

CAPITAL STRUCTURE

 

Capital Invested

:

BDT 1000 Million

 Assets

:

N/A

 

 

FINANCIAL STATEMENT- DETAILED

 

SC’s didn’t provide us financials.

 

 

ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES

 

Sister Concerns

:

Anwar Ispat Ltd.

Anwar Green Ltd.

Mala Corporation.

The City Bank Ltd

Anwar Cement Ltd.

 A-One Polymer Ltd

In2it Interactive Ltd

Anwar Silk Mils Ltd

AG Automobiles Ltd.

Athena Furniture Ltd

Anwar Landmark Ltd

Mehmud Industries Ltd.

Anwar Galvanizing Ltd

Kaba Trading Company

Anwar Yarn Dyeing Ltd

Khaled Iron & Steels Ltd

Anwar Export Import Ltd.

Jamilabad Agro Estate Ltd

Anwar Spinning Mills Ltd

Mehmud Industries (Pvt.) Ltd

Anwar Jute Spinning Mills Ltd

 Bangladesh Commerce bank Ltd.

 Hossain Dyeing and Printing Ltd

Athena’s Furniture & Home Decor

Anwar Specialized Jute Goods Ltd

The City General Insurance Co. Ltd

Sun Shine Cables & Rubber Works Ltd

Bangladesh Finance & Investment Co. Ltd

Subsidiary

:

N/A

Name of  The Group

:

Anwar Group of Industries

 

 

BANKING

 

Bank Name  

:

One Bank Ltd

 

 

City Bank Ltd

 

 

Standard Bank Ltd

 

 

Dhaka bank Ltd.

 

 

Shahajalal Islami Bank Ltd.

 

 

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 Baitul Hossain Building (14th Floor), 27, Dilkusha C/A, Dhaka-1000, Bangladesh. It is situated at Commercial area.

 

 

GENERAL COMMENTS

 

SC has been in its line of business for about 184 years. Considering its financial condition, we recommend that Credit can proceed promptly in Fairly large amount.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 64.99

UK Pound

1

INR 90.96

Euro

1

INR 79.51

BDT

1

INR 0.78

Note: Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIY

 

 

Report Prepared by :

NIT

 

 

 

RATING EXPLANATIONS

 

Credit Rating

 

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.