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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

485711

Report Date :

15.01.2018

 

IDENTIFICATION DETAILS

 

Name :

HOSSAIN DYEING & PRINTING MILLS LTD.

 

 

Registered Office :

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

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

07.03.1984

 

 

Com. Reg. No.:

C-11735   

 

 

Legal Form :

Private Co

 

 

Line of Business :

Manufacturer, Dyeing, Exporter, Importer and Printing of Fabrics, Kitchen Towel, Terry Towel, Printing, Dyeing.   

 

 

No. of Employees :

2500

 

 

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

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Maximum Credit Limit :

USD 85,000

 

 

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.

 

 

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.

 

Source : CIA

 

 

 

IDENTIFICATION DETAILS

Correct company Name

:

HOSSAIN DYEING & PRINTING MILLS LTD.

Head Office

:

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

Date/ Year of Incorporation

:

07.03.1984

Incorporation No.

:

C-11735   

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

30th June’2016

BDT 780 Million

BDT 1892.76 Million

BDT 47.62 Million

30th June’2017

BDT 1131 Million

BDT 1928.39 Million

BDT 58.95 Million

 

 

 

 

 

 

 

 

 

 

INQUIRER SPECIFIED CREDIT –TRADE FINANCE

 

Recommended Credit Range

:

USD 85,000 based on 90 days            

 

 

 

 

 

 

 

 

FULLCHECK REPORT DETAILS

 

                                                             Information Parted By

Name

:

Mr. Khair Uddin

Designation

:

Manager (Commercial)

Contract No

:

88-01973091250

 

                                                               Locations Details

Operating 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

3,000

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

:

Pathan Para, Pagar, Tongi, Gazipur, Bangladesh

Tel No

:

88-02-9810055, 9804292, 9803911

Fax No

:

Nil

 

Branch:

 

 

 

 

 

Address

:

N/A

Tel No

:

N/A

Fax No

:

N/A

 

Employee:

 

 

 

No. of Employees 

 

In Office

:

48

In Factory

:

2452

In Branch:

:

N/A

Total

:

2500

Details:

 

                    

 

 

OWNERSHIP/SHAREHOLDERS

 

         Names of Shareholders

                         No. of Share     

Mr. Anwar Hossain

4,000

Mrs. Bibi Amena

5,000

Mrs. Shahina Begum

900

Mr. Hossain Khaled

4,000

Mrs. Selina Begum

900

Mrs. Hasina Begum

900

Mr. Manwar Hossain

4,000

Mrs. Shahnaz Begum

900

Mr. Hossain Mehmood

4,000

 

DIRECTORS

 

Name

Designation

Mr. Anwar Hossain

Chairman

Mr. Hossain Mehmood

Managing Director

Mr. Hossain Khaled

Director

Mr. Manwar Hossain

Director

Mrs. Bibi Amena

Director

 

MANAGEMENT

 

Name

:

Mr. Hossain Mehmood

Job Description

:

Managing Director

Nationality

:

Bangladeshi

Email address

:

N/A

Other details

:

N/A

 

 

 

Name

:

Mr. M.A. Hannan

Job Description

:

Director (Operation)

Nationality

:

Bangladeshi

Email address

:

N/A

Other details

:

88-01711534307

 

Name

:

Tauhidul Islam

Job Description

:

Company Secretary

Nationality

:

Bangladeshi

Email address

:

N/A

Other details

:

N/A

 

Name

:

Mr. Khair Uddin

Job Description

:

Manager (Commercial)

Nationality

:

Bangladeshi

Email address

:

N/A

Other details

:

88-01973091250

 

Name

:

Mr. Shafiqul Amin Rana

Job Description

:

Deputy General Manager (Accounts)

Nationality

:

Bangladeshi

Email address

:

N/A

Other details

:

N/A

 

BUSINESS OPERATIONS

 

Nature of Activity       :

Manufacturer

Ö

Dyeing

Ö

Dealer

 

Distributor

 

 

 

 

Exporter

Ö

Importer

Ö

Printing

Ö

Others

 

 

Range of Products:

 

Products

:

Fabrics, Kitchen Towel, Terry Towel, Printing, Dyeing.    

Production Capacity

:

Woven Fabrics-0.71 M. Meters.

Knit Fabrics-440 Ton

Yarn Dyeing-0.71 M. Kegs

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

Ö

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(Country)

:

Europe

 

Imports(Country)

:

China, India

 

Brand Name

:

N/A

Certified

:

N/A

Name of Auditors

:

N/A

Operation Status

:

Active

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CAPITAL STRUCTURE

 

 

Authorized Capital

:

BDT 50 Million

 

Paid-up Capital

:

BDT 24,60,000

 

No. of Shares

:

24,600

 

Share Value

:

BDT 100.00 Each

 

Main Assets

:

BDT 1928.39 Million

 

 

FINANCIAL STATEMENT- DETAILED

 

Summary information given

 

 

 

ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES

 

Sister Concerns

:

Anwar Ispat Ltd.

AG Automobiles

The City Bank Ltd

Anwar Cement Ltd.

A-One Polymer Ltd

In2it Interactive Ltd

Anwar Silk Mils Ltd

Anwar Landmark Ltd

Anwar Galvanizing Ltd

AthenaS Furnitures Ltd

Kaba Trading Company

Anwar Yarn Dyeing Ltd

Khaled Iron & Steels Ltd

Anwar Spinning Mills Ltd

Mehmud Industries (Pvt.) Ltd

Anwar Jute Spinning Mills Ltd

Anwar Export-Import Company

Hossain Dyeing and Printing Ltd

Bangladesh Commerce Bank Ltd

Anwar Specialized Jute Goods Ltd

Athena’s Furniture & Home Decor

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

Member

:

Dhaka Chamber of Commerce & Industry

 

BANKING

 

 

Bank Name  

:

United Commercial Bank Limited

Bank Address

:

Elephant Road Branch

25, Elephant Rd., Dhaka-1207, Bangladesh

Tel: 88-02-9667370, 8621283, 9664622, 8615947

 

Bank Name  

:

Shahajalal Islami Bank Ltd. 

Bank Address

:

Main Branch

58, Dilkusha C/A, Dhaka-1000, Bangladesh

Tel: 88-02-9570795-8, 9570805

Fax: 88-02-9556011

 

 

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

The subject company is reputed company in this line of business.

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 63.52

UK Pound

1

INR 86.05

Euro

1

INR 76.53

BDT

1

INR 0.77

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

PRA

 

 

Report Prepared by :

TPT

 

 

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.