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MIRA INFORM REPORT
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Report No. : |
508794 |
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Report Date : |
15.05.2018 |
IDENTIFICATION DETAILS
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Name : |
MAHMUD FABRIC'S & FINISHING LTD. |
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Registered Office : |
House# 25, Road# 10, Sector# 6, Uttara, Dhaka-1230 |
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Country : |
Bangladesh |
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Financials (as on) : |
30.06.2017 |
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Date of Incorporation : |
19.11.2015 |
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Com. Reg. No.: |
C-127139 |
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Legal Form : |
Private Co
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Line of Business : |
Subject is engaged in Manufacturer, Distributor, Exporter and Importer
of Yarn & Woven Fabrics. |
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No. of Employees : |
1200 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 (30.09.2017) |
Current Rating (31.12.2017) |
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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 were on track to again surpass $25 billion in 2017. The sector continues to grow, despite the need for improvements in factory working conditions to avert further high-profile accidents that have killed more than 1,000 workers in recent years. Steady export growth in the garment sector combined with remittances from overseas Bangladeshis - which totaled about $13 billion and 6% of GDP in 2016 - are key contributors to Bangladesh's sustained economic growth and rising foreign exchange reserves.
The recent influx of hundreds of millions of additional refugees from Burma will place pressure on the Bangladeshi government’s budget and the country’s rice supplies, which declined in 2017 in part because of adverse weather.
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Source
: CIA |
IDENTIFICATION DETAILS
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Correct company Name |
: |
Mahmud Fabric's &
Finishing Ltd. |
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Head Office |
: |
House# 25, Road# 10, Sector# 6, Uttara, Dhaka-1230, Bangladesh |
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Tel No |
: |
88-01714166223,
01714166201 |
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Fax No |
: |
Nil |
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E-mail |
: |
info@mahmudgroup-bd.com |
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Website |
: |
www.mahmudgroup-bd.com |
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Date/ Year of
Incorporation |
: |
19.11.2015 |
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Incorporation No. |
: |
C-127139 |
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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) |
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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/
(Loss) |
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30th June’2017 |
N/A |
N/A |
N/A |
FULLCHECK
REPORT DETAILS
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Information Parted By |
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Name |
: |
Mr.
Rezaul Kabir |
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Designation |
: |
General
Manager (Finance) |
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Contract No |
: |
88-01714166223 |
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Locations Details |
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Operating Address |
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House# 25, Road# 10, Sector# 6, Uttara, Dhaka-1230, Bangladesh |
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Tel No |
: |
88-01714166223,
01714166201 |
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Fax No |
: |
Nil |
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E-mail |
: |
info@mahmudgroup-bd.com |
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Website |
: |
www.mahmudgroup-bd.com |
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Location : |
:
Owned |
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Rented |
Ö |
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Leased |
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Area |
1400 |
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 |
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Business Center |
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Home Office |
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Residential Bldg. |
Ö |
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Factory: |
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Address |
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Ulusara# 419, Kaliakoir,
Gazipur-1750, Bangladesh |
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Tel No |
: |
Nil |
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Fax No |
: |
Nil |
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Branch-1: |
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Address |
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Rowshan Monjil (2nd
Floor), 1194/1462, Amir Market, Asadgonj, Chittagong, Bangladesh |
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Tel No |
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88-031-637079 |
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Fax No |
: |
Nil |
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Branch-2: |
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Address |
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House# 270 (Level# 3), New DOHS, Baridhara, Dhaka-1206,
Bangladesh |
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Tel No |
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88-02-8411534 |
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Fax No |
: |
Nil |
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Employee: |
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No. of Employees
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In Office |
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45 |
In Factory |
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1155 |
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In Branch: |
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N/A |
Total |
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1200 |
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OWNERSHIP/SHAREHOLDERS
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Names of Shareholders |
No. of Share |
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Mr. Saif Uddin Mahmood |
2000 |
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Mr. Monsoor Anwar |
1500 |
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Mr. A. K. M. Aminul Islam |
1800 |
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Mrs. Fahmida Afroz |
1700 |
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Mr. Rafee Mahmood |
1500 |
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Mr. Ashfaque
Mahmood |
1500 |
DIRECTORS
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Name |
Designation |
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Mr. Saif Uddin Mahmood |
Chairman |
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Mr. A. K. M. Aminul Islam |
Managing Director |
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Mr. Monsoor Anwar |
Director |
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Mrs. Fahmida Afroz |
Director |
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Mr. Rafee Mahmood |
Director |
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Mr. Ashfaque
Mahmood |
Director |
MANAGEMENT
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Name |
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Mr.
A. K. M. Aminul Islam |
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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 |
: |
Mr.
Sirajul Islam |
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Job Description |
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General
Manager |
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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 |
: |
88-01714166204 |
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Name |
: |
Mr.
Mizanur Rahman |
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Job Description |
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Manager
(Commercial ) |
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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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88-01714166252 |
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Name |
: |
Mr.
Rezaul Kabir |
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Job Description |
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General
Manager (Finance) |
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Nationality |
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Bangladeshi. |
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Email address |
: |
N/A |
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Other details |
: |
88-01714166223 |
BUSINESS
OPERATIONS
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Nature of Activity : |
Manufacturer |
Ö |
Trader |
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Dealer |
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Distributor |
Ö |
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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 |
: |
Yarn & Woven
Fabrics |
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Production Capacity |
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N/A |
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Last Year Production |
: |
N/A |
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 |
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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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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 |
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Imports(Country) |
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India, China |
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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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CAPITAL
STRUCTURE
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Authorized Capital |
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BDT 100 Million |
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Paid-up Capital |
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100000 |
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No. of
Shares |
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10000 |
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Share
Value |
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BDT 100.00 Each |
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Main Assets |
: |
N/A |
FINANCIAL
STATEMENT- DETAILED
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SC’s did not submit any financial
information to local registry office. |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
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Sister Concerns |
: |
Bhuiya Brothers Mars Textile Ltd Provita Feed Ltd Provita Ship Yard ABS Composition Mahmud Jeans Ltd. Mahmud Enterprise Mousumi Enterprise Provita Breeders Ltd Provita Hatchery Ltd Provita Seeds Limited
Provita Fish Feed Ltd. Mahmud Washing Ltd. Mahmud Spinning Ltd. Dong Bang Textile Ltd. Provita Chicks Limited
Dong Bang Dyeing Ltd Mahmud Ship Yard Ltd Provita Oxygen Limited Mahmud Indigo Limited. Noor-E-Madina Overseas Pacific Oil Company Ltd. Mahmud Denims Limited Provita Hat Cheries Limited M/S. Rupali Trading Agency Mahmud Washing Plant Limited Provita Milk & Meat Process Ltd. Mahmud Trading Corporation Ltd. |
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Subsidiary |
: |
Nil |
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Name of The Group |
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Mahmud Group |
BANKING
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Bank Name |
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Al-Arafah
Islami Bank Limited |
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Bank Address |
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Gulshan Branch Hosna Center 106, Gulshan
Avenue Dhaka-1212, Bangladesh Tel: 88-02-9863236,
8835020, 01790346400 Fax: 88-02-9886271 |
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Bank Name |
: |
Dhaka
Bank Limited |
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Bank Address |
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Uttara Branch House# 01 (Ground & 1st
Floor), Road# 13, Sector # 01, Uttara, Dhaka-1230, Bangladesh Tel: 88-02-8919948,
8919742, 8951788 Fax: 88-02-8919742,
8951755 |
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Bank Name |
: |
BRAC
Bank Ltd |
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Bank Address |
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Head Office Anik Tower 220/B, Tejgaon
Gulshan Link Road Tejgaon, Dhaka-1208. Tel: 88-02-8801301-32 |
ADVERSE
DATA MONITORING
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Dishonored Checks |
: |
No
Record Found |
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Debt |
: |
No
Record Found |
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Litigation
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: |
Clear |
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Performance Defaults |
: |
No
Record Found |
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Adverse Local Media Coverage/ Adverse Filling History |
: |
No
Record Found |
SITE
VISIT COMMENTARY
|
|
Our representative visited their Head office which is
situated at House# 25, Road# 10, Sector# 6, Uttara, Dhaka-1230, Bangladesh. It
is situated at Residential area. |
GENERAL
COMMENTS
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Based on the financial statements, SC’s financial
performance appears to be Below Average. SC has been in its line of business for
about 3 years. Taking into account its standing history, reputation in the
market, as well as its financial condition, |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.31 |
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|
1 |
INR 91.24 |
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Euro |
1 |
INR 80.50 |
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BDT |
1 |
INR 0.79 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
DNS |
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.