MIRA INFORM REPORT

 

 

Report Date :

05.10.2007

 

IDENTIFICATION DETAILS

 

Name :

Birds Bangladesh

 

 

Registered Office :

Urban Valley, Flat No.1/A, Hose no.29 (New), Road No.27 (Old), Dhanmondi Residential Area, Dhaka

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

June, 1992

 

 

Legal Form :

Proprietorship Concern

 

 

Line of Business :

Engaged as importer, seller and foreign manufacturers representative.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Report on  

 

Birds Bangladesh

 

            

Address*                         

 

Urban Valley,

Flat No.1/A,

Hose no.29 (New),

Road No.27 (Old),

Dhanmondi Residential Area,

Dhaka,

Bangladesh

 

* The subject shifted its office from (A/55, 3rd Colony, Mirpur Mazaar Road, Dhaka-1518) to the current address two years back and is currently running its operation from the above mentioned address

                                                                                   

Telephones        : 880-2-8157615

Fax                   : 880-2-8157617

E-mail               : birds@bdonline.com

                          birds@bttb.net.bd

                                                                          

 

SUMMARY

 

Established                   : June, 1992

Incorporation No.            : N/A

Incorporation Dated        : N/A

Proprietor & CEO           : Mr. M. Anis Ahmed

 

 

Employees       

 

10

                                               

Executives-                   2

Junior Executives-        1

Engineers-                    2

Junior Engineer-           1

Field Staffs-                  2

General Staffs-             2

 

                                               

BANK REFERENCES

 

IFIC Bank

Dhanmondi Branch,

Dhaka,

 

                                                           

FACTORY

 

N/A

 

 

BRANCH

 

NIL

 

 

OFFICE AREA

 

450 sq. ft. (rented)

 

                                   

FACTORY AREA

 

N/A

 

 

WAREHOUSE AREA

 

2,200 sq. ft (rented)

 

 

PROPRIETOR

 

Mr. M. Anis Ahmed

                                                           

 

HISTORY

 

Subject was established in June, 1992 by Mr. M. Anis Ahmed in Dhaka city.

 

 

BUSINESS

 

The concern is engaged as importer, seller and foreign manufacturers representative.

 

 

ITEMS DEALING IN

                       

Automatic Nipple Drinking

Pan & Chain feeding System

Environment Control Pre-Fabricated Poultry House

Feed Mill (Mash & Pellet) and Silo

Incubator

Gas Brooder

Debeaker Machine

Auto-Drinker

Chick-Box

Plastic Slat

Transportation Crates

Galvanized Layer & Breeder Cages

Nest Box

Vaccine Gun

Meat Processing Plant                                                              

 

 

TERM OF SALES

 

Cash

Credit

 

                       

IMPORTED FROM

 

SKA spa-Italy

Termorechnics - Italy

Chore-Time - America

Demaplast - Italy

Giordano Poultry Plast

Z-Corti - Italy

 

           

NAME OF GROUP

                                   

NIL

 

 

SISTER CONCERN

 

NIL                                          

 

                                               

LEGAL FORM

 

The subject is a proprietorship concern

 

 

FINANCIAL INFORMATION   

 

2006                             2005                             2004

 

Capital Invested             Tk.5 million                    Tk.5 million                    Tk.5 million       

 

Turnover                        Tk.70 million                  Tk.69 million                  Tk.69.3 million              

 

Liability                         NIL                               NIL                               NIL

 

Fixed Assets                 Tk.3 million                    Tk.3 million                    Tk.3 million       

 

                                               

CAPITAL STRUCTURE

 

Authorized Capital          : N/A

 

Paid up Capital              : N/A

 

Each share value           : N/A

 

 

EXCHANGE RATE

 

GB Pound                     1.00=Tk.140.1706

US Dollar                      1.00=Tk. 69.4850

Europe Euro                  1.00=Tk. 94.9041

Japanese Yen                1.00=Tk.  0.5712

Australian Dollar            1.00=Tk. 59.7270

 

 

OUR COMMENTS

 

Subject is a proprietorship concern engaged in importing; selling and marketing representative of poultry shed and feed milling equipments. The concern is well known in the local poultry feed trade circles.

 

Mr. M. Anis Ahmed is well acquainted in his line of trade. He is financially solvent and good at his business commitments, it is reported.

 

The concern is good for normal business engagements.

 

 

           

 

 

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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 and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

 

 

 

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