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MIRA INFORM REPORT
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Report No. : |
484529 |
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Report Date : |
09.01.2018 |
IDENTIFICATION DETAILS
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Name : |
HA- MEEM DENIM LIMITED |
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Registered Office : |
Phoenix Tower (4th Floor) 407, Tejgaon I/A, Dhaka-1215 |
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Country : |
Bangladesh |
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Date of Incorporation : |
18.11.2004 |
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Com. Reg. No.: |
C-54943 |
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Legal Form : |
Private Co
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Line of Business : |
Manufacturer, Exporter and Importer of All Kinds of Denim Fabrics. |
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No. of Employees : |
625 |
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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 surpassed $25 billion in 2016.
The sector continues to grow, despite a series of high-profile factory
accidents that have killed more than 1,000 workers and crippling strikes,
including a nationwide transportation blockade orchestrated by the political
opposition during the first several months of 2015. Steady export growth in the
garment sector combined with remittances from overseas Bangladeshis - which
totaled about $15 billion and 8% of GDP in 2015 - are key contributors to
Bangladesh's sustained economic growth and rising foreign exchange reserves.
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Source
: CIA |
IDENTIFICATION DETAILS
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Correct company Name |
: |
HA- MEEM DENIM LIMITED |
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Head Office |
: |
Phoenix Tower (4th Floor) 407, Tejgaon I/A, Dhaka-1215, Bangladesh |
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Tel No |
: |
88-02-8170582-3 |
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Fax No |
: |
88-02-8170623 |
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E-mail |
: |
hameemdenim@hameemgroup.net |
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Website |
: |
www.hameemdenim.com |
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Date/ Year of Incorporation |
: |
18.11.2004 |
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Incorporation No. |
: |
C-54943 |
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Tex Identification No. |
: |
2122011479 |
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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) |
FINANCIALS- SUMMARY
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Year |
Turnover/
Sales |
Assets |
Income |
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31st Dec’2015 |
BDT 3428 Million |
BDT 3810.49 Million |
BDT 317.25 Million |
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31st Dec’2016 |
BDT 3124 Million |
BDT 3780.63 Million |
BDT 279.93 Million |
FULLCHECK
REPORT DETAILS
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Information Parted
By |
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Name |
: |
Mr. Naeem |
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Designation |
: |
Senior General Manager |
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Contract No |
: |
N/A |
Locations Details
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Business Address |
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Phoenix Tower (4th Floor) 407, Tejgaon I/A, Dhaka-1215, Bangladesh |
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Tel No |
: |
88-02-8170582-3 |
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E-mail |
: |
88-02-8170623 |
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Fax No |
: |
hameemdenim@hameemgroup.net |
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Website |
: |
www.hameemdenim.com |
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Location : |
: Owned |
Ö |
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Rented |
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Leased |
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Area |
4500 |
Sq. ft. |
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Type of Office : |
:
Commercial Office Bldg. |
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Semi-commercial
office Bldg. |
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Retail shop |
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Industrial Park |
Ö |
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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 |
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Mawna, Sreepur, Gazipur, Bangladesh. |
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Tel No |
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Nil |
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Fax No |
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Nil |
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Branch-1: |
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Address |
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198/A, Tejgaon Link Road, Tejgaon-I/A, Dhaka-1208,
Bangladesh
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Tel No |
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88-02-988628 |
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Fax No |
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N/A |
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Branch-2: |
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Address |
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241, Tejgaon I/A, Dhaka-1208,
Bangladesh
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Tel No |
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N/A |
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Fax No |
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N/A |
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Employee: |
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No. of Employees |
In Office |
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25 |
In Factory |
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580 |
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In Branch: |
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N/A |
Total |
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625 |
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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. A.K.M. Azad |
3500 |
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Mr. Md. Motaleb Hossain |
1500 |
DIRECTORS
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Name |
Designation |
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Mr. A.K.M. Azad |
Managing Director |
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Mr. Md. Motaleb Hossain |
Director |
MANAGEMENT
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Name |
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Mr. A.K.M. Azad |
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Job Description |
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Managing Director |
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Nationality |
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Bangladeshi |
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Email address |
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N/A |
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Other details |
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N/A |
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Name |
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Mr. Md. Monjur
Hassan |
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Job Description |
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Manager
(Marketing Supply Chain) |
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Nationality |
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Bangladesh |
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Email address |
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monjur@hameemdenim.com |
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Other details |
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88-01717255825 |
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Name |
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Mr. Abu Syeed |
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Job Description |
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General Manager |
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Nationality |
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Bangladesh |
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Email address |
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N/A |
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Other details |
: |
88-01715010889 |
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Name |
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Mr. Shanjay Kumar Shaha |
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Job Description |
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Manager (Commercial) |
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Nationality |
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Bangladesh |
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Email address |
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sanjay@hameemgroup.com |
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Other details |
: |
88-01732208488 |
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Name |
: |
Mr. Naeem |
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Job Description |
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Senior General Manager |
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Nationality |
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Bangladesh |
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Email address |
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naeem@hameemgroup.com |
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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 |
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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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Products |
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All Kinds of Denim Fabrics. |
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Production Capacity |
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9.6 M. Kg. 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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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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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 |
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Overseas Clients |
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N/A |
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Local Clients |
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N/A |
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Overseas Suppliers |
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N/A |
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Local Suppliers |
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N/A |
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Trade Markets |
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Exports(Country) |
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Europe, USA |
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Imports(Country) |
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China, India |
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Brand Name |
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N/A |
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Certified |
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N/A |
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Name of Auditors |
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N/A |
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Operation Status |
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Active |
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Member |
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Bangladesh Textile Mills Association |
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CAPITAL
STRUCTURE
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Authorized Capital |
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BDT 500 Million |
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Paid-up Capital |
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BDT 500000 |
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No. of Shares |
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5000 |
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Share Value |
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BDT100.00Each |
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Main Assets |
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BDT 3780.63 Million |
FINANCIAL
STATEMENT- DETAILEd
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Summary Information Given. |
Sister Concern
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Sister Concerns |
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Modern Chanal 24 Dainik Somokal Trouser Line Ltd. Express Wash Ltd. Asha Fashions Ltd. Sajid Apparels Ltd. Artistic Pesign Ltd Sakib Poly Ind Ltd Refat Garments Ltd. That's It Sweater Ltd That’s It Printing Ltd. Ha-Meen Design Ltd. Apparels Gallery Ltd. Thats It Knit Limited That’s It Fashions Ltd. Modern Cargo Carrier Refat Sports Wear Ltd. That’s It Garments Ltd. Ha-Meem Apparels Ltd.
Creative Wash Limited. Ha-Meem Fashions Ltd. That"S It Packaging Ltd That’s It Embroidery Ltd. Sajid Washing & Dying Ltd That’S It Sports Wear Limited New Modern Garments Ind. Ltd Ha-Meem Spinning Mills Limited Express Washing and Dyeing Limited. New Modern Sand Brush & Blasting Ltd Ha-Meem Washing Plant (In-house laundry)
New Mordern Washing Plant T(In-house laundry) |
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Subsidiary |
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Nil |
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Name of The Group |
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Ha-Meem Group |
BANKING
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Bank Name
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Pubali Bank Ltd |
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Bank Address |
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Motijheel Branch, Sena Kallyan
Bhaban, 195, Motijheel, Dhaka-1000, Bangladesh |
ADVERSE
DATA MONITORING
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Dishonored Checks |
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No Record Found |
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Debt |
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No Record Found |
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Litigation |
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Clear |
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Performance Defaults |
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No Record Found |
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Adverse Local Media Coverage/ Adverse Filling History |
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No Record Found |
SITE
VISIT COMMENTARY
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Our representative visited the subject company Head office at Phoenix Tower (4th Floor)
407, Tejgaon I/A, Dhaka-1215, Bangladesh. |
GENERAL
COMMENTS
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The subject company is a well-known reputed company in
Bangladesh. It is reputed company in
this line of business. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.35 |
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|
1 |
INR 85.89 |
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Euro |
1 |
INR 76.15 |
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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 : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
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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.