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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

487061

Report Date :

19.01.2018

 

IDENTIFICATION DETAILS

 

Name :

JAJ BHUIYAN TEXTILE MILLS

 

 

Registered Office :

Gawsia Kashem Centre (7th & 8th Floor), 10/2, Arambag, Motijheel, Dhaka-1000, Bangladesh

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

20.03.2002

 

 

Legal Form :

Sole Proprietorships 

 

 

Line of Business :

Manufacturer, Exporter, Importer, Distributor of Yarn, Gray Fabrics

 

 

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

 

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.

 

 

 

 

IDENTIFICATION DETAILS

Correct company Name

:

JAJ Bhuiyan Textile Mills

Head Office

:

Gawsia Kashem Centre (7th & 8th Floor), 10/2, Arambag, Motijheel, Dhaka-1000, Bangladesh

Tel No

:

88-02-7195441-7

Fax No

:

88-02-7195439

E-mail

:

ed@jajbhuiyan.com

Website

:

www.jajbhuiyan.com  

Date/ Year of Incorporation

:

20.03.2002

Incorporation No.

:

N/A

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’ 15

BDT 435 Million

BDT 236.89 Million

BDT 22.05 Million

30th June’ 16

BDT 691 Million

BDT 383.53 Million

BDT 29.70 Million

 

 

 

 

 

 

 

 

 

 

 

FULLCHECK REPORT DETAILS

 

                                                             Information Parted By

Name

:

Mr. Asddul Hoque Mukul

Designation

:

Senior Deputy General Manager

Contract No

:

88-01833324007

 

 

                                                               Locations Details

Operating Address

:

Gawsia Kashem Centre (7th & 8th Floor), 10/2, Arambag, Motijheel,

Dhaka-1000, Bangladesh

Tel No

:

88-02-7195441-7, 09613220223-4

Fax No

:

88-02-7195439

E-mail

:

ed@jajbhuiyan.com

Website

:

www.jajbhuiyan.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:

 

 

 

 

 

Address

:

Nowapara, Madhabdi, Narsingdi, Bangladesh

Tel No

:

Nil

Fax No

:

Nil

 

Branch:

 

 

Address

:

Nil   

Tel No

:

N/A

Fax No

:

N/A

 

Employee:

 

 

 

No. of Employees 

 

In Office

:

60

In Factory

:

2540

In Branch:

:

-

Total

:

2500

Details:

 

                     

 

 

PROPRIETOR

Names of Proprietor

               

:

 

Mr. Md. Fayazur Rahaman

 

 

MANAGEMENT

 

Name

:

Mr. Asddul Hoque Mukul

Job Description

:

Senior Deputy General Manager

Nationality

:

Bangladeshi.

Email address

:

mukulabg@gmail.com

Other details

:

88-01833324007

 

 

 

Name

:

Mr. Didarul Alam

Job Description

:

General Manager.

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

88-01833324004

 

 

BUSINESS OPERATIONS

 

Nature of Activity       :

Manufacturer

Ö

Trader

 

Dealer

 

Distributor

Ö

 

 

 

Exporter

Ö

Importer

Ö

Services

 

Others

 

 

 

Range of Products:

 

Products

:

Yarn, Gray Fabrics.      

Production Capacity

:

5000000 Kgs Per Year

Spindles

:

50000

Raw Material Requirements

:

57500 Bales Per Year

Raw Material Consumption

:

55800 Bales (Last Year)

 

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

 

60 days

Ö

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

 

Capital Invested

:

BDT 30 Million

 Assets

:

BDT 383.53 Million

 

 

 

 

 

 

 

ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES

 

Sister Concerns

:

JB Steel

JB Tower

JB Traders

JM Fashion

Jewel Tower   

JB Packages

Mahid Shoes

Zakia Complex

Mahid Fisheries

J.B. Yarn Dying

JB Ceramics Ltd.

J.B. Telecom Ltd.

Jb Auto Bricks Ltd.

Z.N Composite Ltd

Zakia Cottontex Ltd.  

Mahid Apparels Ltd.

Jonayid Builders Ltd.

JAJ Bhuiyan Complex

Jm Classic Fashion Ltd.

JAJ Spinning Mills Ltd.

JB Feed Processing Ltd

JB Poly Tech Industries 

Air Touch Complex Ltd.

Mahid Expo. Int. Tex. Ltd

Fay Max Trade Corporation

J.B. Present Paper Mills Ltd

Mutual Concern Corporation

Fay-Max Sweater Composite Ltd 

M.M. Knitting &Embroidery Ltd

J.B. Feed Processing Complex Ltd.

Mutual Concern Corporation Limited

F. M. Textile And Yarn Trading Limited

Subsidiary

:

Nil

Name of  The Group

:

JAJ Bhuiyan Group.

 

 

BANKING

 

 

Bank Name  

:

Al-Arafah Islami Bank Ltd.

Bank Address

:

VIP Road Branch.

Ridge Ahmed Square

50/1 Inner Cercular (VIP) Road, Naya Paltan ,

Dhaka-1000, Bangladesh

Tel: 88-02-9353801(D), 9345871-2

Fax: 88-02-8316222

 

Bank Name  

:

Southeast bank

Bank Address

:

Principal Branch1,

Dilkusha C/A, Dhaka – 1000, Bangladesh.

Tel: 88-02-9563101, 9550081, 956727101

Fax: 88 - 02 - 9551575

 

 

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 address at Gawsia Kashem Centre (7th & 8th Floor), 10/2, Arambag, Motijheel, Dhaka-1000, Bangladesh. It is Situated at Commercial area.

 

 

GENERAL COMMENTS

The subject company is engaged in manufacturer, Importer & Exporter, Distributors. It is reputed company in this line of business.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 63.84

UK Pound

1

INR 88.28

Euro

1

INR 77.88

BDT

1

INR 0.77

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

VIV

 

 

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.