MIRA INFORM REPORT

Report No. :	488260
Report Date :	30.01.2018

IDENTIFICATION DETAILS

Name :	ANUPAM HOSIERY INDUSTRIES (PVT.) LTD
Registered Office :	37/B (1^st, 3^rd-6^th Floor), Malibagh Chowdhury Para, Dhaka-1219
Country :	Bangladesh
Date of Incorporation :	24.09.1989
Com. Reg. No.:	C-18908
Legal Form :	Private Co
Line of Business :	Manufacturer, Exporter and Importer of T-Shirt, Polo Shirt, Jackets, Pants, Skirts, Underwear, Tank Tops, Vest, Seamless Inner Garments, Men Briefs, Men Seamless Briefs
No. of Employees :	1600

RATING & COMMENTS

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

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate 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 (30.06.2017)	Current Rating (30.09.2017)
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 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	:	ANUPAM HOSIERY INDUSTRIES (PVT.) LTD
Head Office	:	37/B (1^st, 3^rd-6^th Floor), Malibagh Chowdhury Para, Dhaka-1219, Bangladesh
Tel No	:	88-02-9336501
Fax No	:	Nil
E-mail	:	info@almuslimgroup.net
Website	:	www.almuslimgroup.com
Date/ Year of Incorporation	:	24.09.1989
Incorporation No.	:	C-18908
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

Other Registry & Certification Details
Organization Name	:	Bangladesh Garments Manufacturer & Exporters Association
Membership No	:	1001

FINANCIALS- SUMMARY
Year	Turnover/ Sales	Assets	Income/ (Loss)
30^th June, 2017	BDT 217.16 Million	BDT 330.81 Million	BDT 10.76 Million

FULLCHECK REPORT DETAILS
Information Parted By
Name	:	Mr. Mozammel Hossain
Designation	:	Assistant General Manager (Commercial)
Contract No	:	88-01755534826

Locations Details
Operating Address	:	37/B (1^st, 3^rd-6^th Floor), Malibagh Chowdhury Para, Dhaka-1219, Bangladesh
Tel No	:	88-02-9336501
Fax No	:	Nil
E-mail	:	info@almuslimgroup.net
Website	:	www.almuslimgroup.com

Location :

: Owned

Rented

Ö

Leased

Area

1600

Sq. ft.

Type of Office :	: Commercial Office Bldg.		Semi-commercial Area.	Ö
Retail shop		Industrial Park
Business Center		Home Office
Residential Bldg.

Factory:
Address	:	Vulta Rupgonj, Narayangonj-1462, Bangladesh
Tel No	:	Nil
Fax No	:	Nil

Branch:
Address	:	1101, D.I.T. Road, Malibagh Chowdhury Para, Dhaka-1219, Bangladesh
Tel No	:	Nil
Fax No	:	Nil

Employee:
No. of Employees	In Office	:	50	In Factory	:	1530
	In Branch	:	20	Total	:	1600
Details:

OWNERSHIP/SHAREHOLDERS
Names of Shareholders	No. of Share	Country
Mr. S. M. Amzad Hossain	144	Bangladesh.
Mr. Md. Abul Hossain	126	Bangladesh.
Mr. Md. Tanvir Alam	89	Bangladesh.
Mr. Meher Ali Chowbhury	41	Bangladesh.
Dress & Dismatic (Pvt.) Ltd.	50	Bangladesh.

DIRECTORS
1.
Name	:	Mr. S. M. Amzad Hossain
Designation	:	Managing Director
Nationality	:	Bangladeshi.
Email address	:	amzad@almuslimgroup.net
Other details	:	N/A
2.
Name	:	Mr. Md. Abul Hossain
Designation	:	Director
Nationality	:	Bangladeshi.
Email address	:	N/A
Other details	:	N/A
3.
Name	:	Mr. Md. Tanvir Alam
Designation	:	Director
Nationality	:	Bangladeshi.
Email address	:	N/A
Other details	:	N/A
4.
Name	:	Mr. Meher Ali Chowbhury
Designation	:	Director
Nationality	:	Bangladeshi.
Email address	:	N/A
Other details	:	N/A

MANAGEMENT
Name	:	Mr. S. M. Amzad Hossain
Job Description	:	Managing Director
Nationality	:	Bangladeshi.
Email address	:	amzad@almuslimgroup.net
Other details	:	N/A

Name	:	Mr. Md. Mohsin
Job Description	:	General Manager (Accessories)
Nationality	:	Bangladeshi.
Email address	:	mohsin@almuslimgroup.net
Other details	:	N/A

Name	:	Mr. Ashok Kumar Chakraborty
Job Description	:	General Manager (Accounts & Finance)
Nationality	:	Bangladeshi.
Email address	:	N/A
Other details	:	88-01755534815

Name	:	Mr. Mozammel Hossain
Job Description	:	Assistant General Manager (Commercial)
Nationality	:	Bangladeshi.
Email address	:	mozammel@almuslimgroup.net
Other details	:	88-01755534826

BUSINESS OPERATIONS
Nature of Activity :	Manufacturer	Ö	Trader		Dealer	Distributor
	Exporter	Ö	Importer	Ö	Services	Others

Range of Products:
Products	:	T-Shirt, Polo Shirt, Jackets, Pants, Skirts, Underwear, Tank Tops,Vest, Seamless Inner Garments, Men Briefs, Men Seamless Briefs
Production Capacity	:	250000 Per Yr.
Last Year Production	:	N/A
Import Products	:	N/A
Export Products	:	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(Country)				:	Europe
		Imports(Country)				:	India, China
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 450000
No. of Shares				:	450
Share Value				:	BDT 1000.00 Each
Main Assets				:	BDT 330.81 Million

FINANCIAL STATEMENT- DETAILED

Summary information has been given.

ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES
Name of The Group			:	Al Muslim Group (Dhaka)
Name of Mother Company			:	Nil
Subsidiary			:	Nil
Sister Concerns			:	Cheetah Design Ltd. Hearty Apparels Ltd. AMG Techno Mart Ltd. Al-Muslim Accessories Ltd Dress & Dismatic (Pvt.) Ltd Netplanet Information Systems Ltd. Al- Muslim Offset Printing Press Ltd.
BANKING
Bank Name	:	Exim Bank Ltd
Bank Address	:	Motijheel Branch Address: Sharif Mansion, 56-57, Motijheel C/A, Dhaka-1000, Bangladesh Tel: 88-9568534, 9552800, 9568093, 9554988, 9554988, 9553778 Fax: 88-02-9569983
Bank Name	:	Islami Bank Bangladesh Ltd
Bank Address	:	Head Office Complex AD Branch Islami Bank Tower, 40 Dilkusha C/A, Dhaka-1000, Bangladesh Tel: 88-02-9570910, 9570911, 7166598, 7114561, 7123968, 01711693908, 01714034155, 01755636209, 01713425910 Fax: 88-02-9564532

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 37/B (1^st, 3^rd-6^th Floor), Malibagh Chowdhury Para, Dhaka-1219, Bangladesh. It’s situated at a Semi-commercial Area.

GENERAL COMMENTS

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.55
UK Pound	1	INR 89.82
Euro	1	INR 78.87
BDT	1	INR 0.76

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

INFORMATION DETAILS

Analysis Done by :	DIV
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.