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MIRA INFORM REPORT
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Report No. : |
491039 |
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Report Date : |
15.02.2018 |
IDENTIFICATION DETAILS
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Name : |
THE CIVIL ENGINEERS
LTD. |
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Registered Office : |
Civil Engineer Bhaban, 69, Mohakhali C/A, Dhaka-1212 |
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Country : |
Bangladesh |
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Date of Incorporation : |
08.10.1977 |
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Com. Reg. No.: |
C-5124 |
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Legal Form : |
Private Company |
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Line of Business : |
Manufacturer, Real
Estate, Exporter and Importer of Woven Garments, Sweaters, Washing,
Construction, Real Estate |
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No. of Employees : |
7630 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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Bangladesh |
A2 |
A2 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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.
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Source
: CIA |
Company
name
THE CIVIL ENGINEERS
LTD
EXECUTIVE
SUMMARY
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IDENTIFICATION DETAILS |
||
|
Correct company Name |
: |
The Civil Engineers Ltd. |
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Head Office |
: |
Civil Engineer Bhaban, 69, Mohakhali C/A, Dhaka-1212, Bangladesh |
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Tel No |
: |
88-09666779977 |
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Fax No |
: |
88-02-9893175 |
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E-mail |
: |
info@standard-group.com |
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Website |
: |
www.standard-group.com |
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Date/ Year of Incorporation |
: |
08.10.1977 |
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Incorporation No. |
: |
C-5124 |
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Legal Form (General) |
: |
Public Listed Co Public (but not listed) Private Co State-owned Co Sole Proprietorships Partnership Not Registered others (please specify) ________________ |
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Legal form (Specific) |
: |
LTD CORP INC CO others (please specify)
________________ |
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Issuing Authority |
: |
Registrar of
Joint Stock Companies & Firms City Corporation Municipal Administration Union Council Cantonment Board Chief Controller of Import & Export (CCIE) |
Other
Registry & Certification Details
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Value Added Tax(VAT) No |
: |
17101007289 |
Date of Registration |
: |
N/A |
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Issuing Authority |
: |
National Board of Revenue |
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Organization
Name |
: |
Bangladesh Garments Manufacturer &
Exporters Association |
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Membership No |
: |
N/A |
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FINANCIALS-
SUMMARY
|
Year |
Turnover/
Sales |
Assets |
Income |
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31 December,
2015 |
BDT 5237.00 Million |
BDT 573.43 Million |
BDT 257.18 Million |
|
31 December,
2016 |
BDT 5957.28 Million |
BDT 895.80 Million |
BDT 114.04 Million |
FULLCHECK
REPORT DETAILS
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Information Parted By |
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Name |
: |
Mr. Engr. Md.
Atiqur Rahman |
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Designation |
: |
Managing Director |
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Contract No |
: |
N/A |
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Locations Details |
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Operating Address |
: |
Civil Engineer Bhaban, 69, Mohakhali C/A, Dhaka-1212, Bangladesh |
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Tel No |
: |
88-09666779977 |
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Fax No |
: |
88-02-9893175 |
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E-mail |
: |
info@standard-group.com |
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Website |
: |
www.standard-group.com |
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Location : |
: Owned |
Ö |
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Rented |
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Leased |
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Area |
5500 |
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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Factory-Unit-1: |
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Address |
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Woven Garments: 401/B, Tejgaon, 1/A, Dhaka-1208,
Bangladesh. |
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Tel No |
: |
Nil |
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Fax No |
: |
Nil |
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Factory-Unit-2: |
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Address |
: |
Washing Plant: Plot# 8-9, 159-160, Banghabari, Horindhora,
Hemayetpur, Savar, Bangladesh. |
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Tel No |
: |
Nil |
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Fax No |
: |
Nil |
Factory-Unit-3:
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Address |
: |
Sweater Plant: Telirchala, Mouchak, Kaliakoir, Gazipur,
Bangladesh. |
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Tel No |
: |
88-02-9127421, 01726914713 |
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Fax No |
: |
Nil |
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Branch-1: |
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Address |
: |
Jarun, Konabari, Gazipur Sadar, Gazipur,
Dhaka, Bangladesh. |
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Tel No |
: |
88-02-9297897, 9297061-8, 9289408-10 |
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Fax No |
: |
Nil |
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Branch-2: |
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Address |
: |
BGMEA Bhaban (4th floor), Karwan
Bazer, Dhaka-1215, Bangladesh. |
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Tel No |
: |
88-02-9662007 |
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Fax No |
: |
Nil |
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Employee: |
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No. of Employees |
In Office |
: |
120 |
In Factory |
: |
7510 |
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In Branch: |
: |
N/A |
Total |
: |
7630 |
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Details: |
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OWNERSHIP/SHAREHOLDERS
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Names of Shareholders |
No. of
Share |
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Mr. Atikur Rahman |
1400 |
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Engr. A.K.M. Mosharraf Hussain Hussain |
1400 |
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Mrs. Husna Ara Begum |
1400 |
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Mrs. Mahmuda Begum |
1400 |
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Mrs. Tasmia Rahman |
1400 |
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Mr. Hasnat Mosharraf |
1400 |
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Mr. Hasib Mosharraf |
1400 |
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Mrs. Faria Rahman |
1400 |
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Mrs. Faheem Mosharraf |
1400 |
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International Trading Services Ltd. |
45000 |
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Amex Limited |
150000 |
DIRECTORS
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Name |
Designation |
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Mr. Engr. Md. Atiqur Rahman |
Managing Director |
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Mr. Hasib Mosharraf |
Director |
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Mr. Enge. Md. Mosharraf Hussain |
Director |
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Mrs. Husna Ara Begum |
Director |
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Mrs. Mahmuda Begum |
Director |
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Mrs. Tasmiah Rahman |
Director |
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Mr. Hasnat Mosharraf |
Director |
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Mrs. Faria Rahman |
Director |
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Mr. Faheem Mosharrf |
Director |
MANAGEMENT
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Name |
: |
Mr. Engr. Md.
Atiqur Rahman |
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Job Description |
: |
Managing Director |
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Nationality |
: |
Bangladeshi |
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Email address |
: |
N/A |
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Other details |
: |
N/A |
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Name |
: |
Mr. Habib Ullah. |
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Job Description |
: |
Executive
Director |
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Nationality |
: |
Bangladeshi |
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Email address |
: |
N/A |
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Other details |
: |
88-01711540766 |
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Name |
: |
Mr. Md. Harunur
Rashid |
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Job Description |
: |
Manager |
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Nationality |
: |
Bangladeshi |
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Email address |
: |
N/A |
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Other details |
: |
N/A |
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Name |
: |
Mr. S. M. Motaher
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Job Description |
: |
Senior Officer
(Logistics) |
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Nationality |
: |
Bangladeshi |
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Email address |
: |
N/A |
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Other details |
: |
88-01730323138, 01918077096 |
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Name |
: |
Mr. Shantos Kumar
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Job Description |
: |
Officer (L C
Department) |
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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 |
Real Estate |
Ö |
Dealer |
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Distributor |
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Exporter |
Ö |
Importer |
Ö |
Washing |
Ö |
Construction |
Ö |
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Range of
Products: |
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Products |
: |
Woven Garments, Sweaters, Washing,
Construction, Real Estate |
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Production Capacity |
: |
Garments: 2.16 Million pcs per Year. Sweater: 1Million pcs per year. |
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Last Year
Production |
: |
Do. |
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 : |
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30 days |
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60 days |
Ö |
90 days |
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days |
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Selling Terms : |
L/C |
Ö |
Cash |
Ö |
Others |
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|||
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Credit : |
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30 days |
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60 days |
Ö |
90 days |
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|
days |
DETAILED
DATA
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Trade Reference & Related Parties |
: |
Overseas Clients |
: |
N/A |
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Local Clients |
: |
N/A |
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Overseas Suppliers |
: |
N/A |
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Local Suppliers |
: |
N/A |
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Trade Markets |
: |
Exports |
: |
Europe, USA |
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Imports |
: |
China, India. |
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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 |
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CAPITAL
STRUCTURE
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Authorized Capital |
: |
BDT 250 Million |
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Paid-up Capital |
: |
BDT 20760000 |
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No. of Shares |
: |
207600 |
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Share Value |
: |
BDT100.00Each |
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Main Assets |
: |
BDT 895.80 Million |
FINANCIAL
STATEMENT- DETAILED
|
Summary Information Given |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
|
||
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Sister Concerns |
: |
Labtex Ltd. Amex Limited. Wear Mag Ltd Crazy Fashion Ltd TITCO Bangladesh Tip Top Fashions Ltd Kazipur Fashion Ltd Standard Insurance Ltd Standard
Fashions Ltd Burungi Sportswear Ltd Sterling Designs Limited Standard
Stitches Limited Barura Textile Products Ltd Adhunik Poshak Shilpa Ltd Standard Garments Ind. Ltd. Shams Styling Wears Limited Matexport (Bangladesh) Limited International Trading Services Limited. |
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Subsidiary |
: |
N/A |
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Name of The Group |
: |
Standard Group Limited |
BANKING
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Bank Name
|
: |
Shahjalal Islami
Bank Ltd. |
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Bank Address |
: |
Gulshan Branch. 40/5, North Avenue, Gulshan-2, Dhaka-1212,
Bangladesh Tel: 88-02-9890520-1, 9893454, 9890322 |
ADVERSE
DATA MONITORING
|
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
|
We visited the subject company Head office address of Civil Engineer
Bhaban 69, Mohakhali C/A, Dhaka-1212, Bangladesh. It is Situated at
Commercial Office Area. |
GENERAL
COMMENS
|
The subject company is reputed company in this line of business. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.13 |
|
|
1 |
INR 89.17 |
|
Euro |
1 |
INR 79.39 |
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BDT |
1 |
INR 0.77 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.