MIRA INFORM REPORT

 

 

Report No. :

499070

Report Date :

23.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

H. P. CHEMICALS LIMITED

 

 

Registered Office :

Union Centre (4th Floor), Holding# 68/1, Gulshan Avenue, Gulshan-1, Dhaka-1212

 

 

Country :

Bangladesh

 

 

Financials (as on) :

30.06.2017

 

 

Date of Incorporation :

15.08.2002

 

 

Com. Reg. No.:

C-46756

 

 

Legal Form :

Private Company

 

 

Line of Business :

Manufacturer, Distributor and Importer of Hydrogen Peroxide

 

 

No. of Employees :

121

 

 

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.

 

 

 

EXECUTIVE SUMMARY

 

                                                IDENTIFICATION DETAILS

Correct company Name

:

H. P. Chemicals Limited

Head Office

:

Union Centre (4th Floor), Holding# 68/1, Gulshan Avenue, Gulshan-1, Dhaka-1212, Bangladesh

Tel No

:

88-02-9885771-2, 9843454 

Fax No

:

Nil

E-mail

:

info@uniongroup.com, commercial.hpchem@gmail.com

Website

:

www.uniongroup.com

Date/ Year of Incorporation

:

15.08.2002

Incorporation No.

:

C-46756

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

 

 

FINANCIALS- SUMMARY

      Year

Turnover/ Sales

 Assets

Income/ (Loss)

30th June, 2017

N/A

N/A

N/A

 

 

FULLCHECK REPORT DETAILS

 

                                                             Information Parted By

Name

:

Mr. Rony Gomeas

Designation

:

Executive (Commercial)

Contract No

:

88-01816759080

 

                                                               Locations Details

Operating Address

:

Union Centre (4th Floor), Holding# 68/1, Gulshan Avenue, Gulshan-1, Dhaka-1212, Bangladesh

Tel No

:

88-02-9885771-2, 9843454 

Fax No

:

Nil

E-mail

:

info@uniongroup.com, commercial.hpchem@gmail.com

Website

:

www.uniongroup.com

 

Location :

: Owned

 

Rented

Ö

 

Leased

 

Area

3600

Sq. ft.

 

Type of Office :

  :       Commercial Office Bldg.

 

 

Semi-commercial office Bldg.

 

     

 

Retail shop

 

 

Industrial Park

 

     

 

Business Center

 

 

Home Office

 

     

 

Residential Area.

Ö

 

 

 

 

 

Factory:

 

 

 

 

 

Address

:

Teengaon (Vulta), Duptara, Araihazar, Narayangonj, Bangladesh                   

Tel No

:

Nil

Fax No

:

Nil

 

Branch:

 

 

 

 

 

Address

:

Nil

Tel No

:

Nil

Fax No

:

Nil

 

Employee:

 

 

 

No. of Employees 

 

In Office

:

21

In Factory

:

100

In Branch

:

N/A

Total

:

121

Details:

 

                    

 

 

 

OWNERSHIP/SHAREHOLDERS

 

Names of Shareholders

No. of Share

Country

Mrs. Ferjana Islam

429000

Bangladesh.

Master Muhib Islam

667348

Bangladesh.

Master Fahib Islam

667326

Bangladesh.

Master Tahib Islam

667326

Bangladesh.

Cellular Mobile Pte. Ltd.

8241333

Bangladesh.

Union Properties Ltd.

4820000

Bangladesh.

Mr. Raquibul Kabir

9974000

Bangladesh.

Mr. Mohammad Rana Shafiullah

7064000

Bangladesh.

Mr. Shaun Rana

2943334

Bangladesh.

Union Real Estate Ltd.

4533000

Bangladesh.

 Union Bangladesh Ltd.

1177333

Bangladesh.

 

 

DIRECTORS

 

Name

:

Mr. Mohammad Rana Shafiullah

Designation

:

Chairman

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

 

 

 

 

Name

:

Mr. Raquibul Kabir

Designation

:

Managing Director

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

 

 

 

 

Name

:

Mr. Shaun Rana

Designation

:

Director

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

 

MANAGEMENT

 

Name

:

Mr. Raquibul Kabir

Job Description

:

Managing Director

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

Name

:

Mr. Rony Gomeas

Job Description

:

Executive (Commercial)

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

88-01816759080

 

 

BUSINESS OPERATIONS

 

Nature of Activity       :

Manufacturer

Ö

Trader

 

Dealer

 

Distributor

Ö

 

 

 

Exporter

 

Importer

Ö

Services

 

Others

 

 

Range of Products:

 

Products

:

Hydrogen Peroxide

Production Capacity

:

N/A

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)

:

N/A

 

Imports(Country)

:

India, China

 

Brand Name

:

N/A

Certified

:

N/A

Name of Auditors

:

N/A

Operation Status

:

Active

 

 

CAPITAL STRUCTURE

 

Authorized Capital

:

BDT 1000 Million

 

Paid-up Capital

:

BDT 411840000

 

No. of Shares

:

41184000

 

Share Value

:

BDT 10.00 Each

 

Main Assets

:

N/A

 

 

FINANCIAL STATEMENT- DETAILED

 

SC didn’t submit financial to local registry office.

 

 

ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES

 

Name of  The Group

:

Union Group

Name of Mother Company

:

Nil

Subsidiary

:

Nil

Sister Concerns

:

H Kabir & Co. Ltd

Watches World Ltd

Union Dyeing Ind. Ltd

Union Powers Limited

Union Bangladesh Ltd

Daeyu Bangladesh Ltd.

Union Fashions Limited

Union Properties Limited

Lakhsma Fashion Limited

Dacca Warehouse Limited

Sam Ree Dyeing (BD) Ltd

Union Tours &Travels Ltd

Uninon Mercantile Limited

Union Tea Company Limite

Union Hospitalities Limited

Celluler Mobile Pte Limited

Union Power System Limited

Dhaka Convention Center Ltd

 

 

BANKING

 

Bank Name  

:

Premier Bank Ltd

Bank Address

:

Gulshan Branch

140, Gulshan Avenue, Gulshan Circle-2, Dhaka-1212, Bangladesh

Tel: 88-02-8815268, 9882781, 9890391

Fax: 88-02-8818338

 

 

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 Union Centre (4th Floor), Holding# 68/1, Gulshan Avenue, Gulshan-1, Dhaka-1212, Bangladesh. It’s situated at a Residential Area.

 

 

GENERAL COMMENTS

 

The subject company is engaged in Manufacturer, Importer & Distributor. The subject company maintains acceptable business volume. Based on the financial statements, SC’s financial performance appears to be Fair.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 65.22

UK Pound

1

INR 91.33

Euro

1

INR 79.96

BDT

1

INR 0.78 

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIY

 

 

Report Prepared by :

SYL

                                                


 

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.