MIRA
INFORM REPORT
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Report Date : |
29.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
RUPSHA FISH ALLIED INDUSTRIES LIMITED |
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Registered Office : |
51, Khan-A-Sabur Road, Khulna-9100 |
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Country : |
Bangladesh |
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Financials (as on) : |
2007 |
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Date of Incorporation : |
30.10. 1978 |
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Com. Reg. No.: |
C-6535 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
100% Export Oriented Fish Processing Industry |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY DETAILS
Name: Rupsha Fish Allied
Industries Limited
Address: 51,
Khan-A-Sabur Road,
Khulna-9100
Bangladesh
Country: Bangladesh
Tel No : 880-41-720318, 722347
Fax No : 880-41-731250
E-Mail: rupsha@khulna.bangla.net
Established: October,
1978
Incorporation No : C-6535
Incorporation Date: 30th October, 1978
Legal Structure:
The subject is a Private
Limited Company that was
Incorporated in the Registrar of
Joint Stock of
Companies, Dhaka.
Business Type:
Fish processing
Status: Satisfactory
Payments: No complaints
have been heard regarding payments
from local suppliers or banks.
Litigation: NIL
LOCATIONS
Head Office: 51, Khan-A-Sabur Road,
Khulna-9100
Telephone: 880-41-720318,
722347
Fax: 880-41-731250,
731256
E-Mail: rupsha@khulna.bangla.net
Branch: N/A
DIRECTORS & SHAREHOLDERS
Name: Mr.Sheikh
Sayeduzzaman
Designation: Chairman & Managing
Director
Name: Mr.Ruhul
Quddus
Designation: Director
Name: Mr.Humayun
Kabir
Designation: Director
BUSINESS DETAILS
Line of Business: Fish processing
Terms of Sale: Against L/C
BANKERS
Name: Sonali
Bank Limited
Branch: Corporate
Branch,
Address: Khan-A-Sabur
Road,
Khulna
The company performs most of the business transactions with the above
mentioned bank. No more details were provided.
FINANCIAL INFORMATION
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2007 |
2006 |
2005 |
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Capital Invested |
Tk.45 million |
Tk.45 million |
Tk.45 million |
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Turnover |
Tk.350 million |
Tk.347 million |
Tk.346 million |
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Liability |
Tk.8 million |
Tk.9 million |
Tk.11 million |
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Fixed Assets |
Tk.63 million |
Tk.63 million |
Tk.63 million |
CAPITAL STRUCTURE
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Authorized Capital |
: |
TK.50 million |
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Paid Up Capital |
: |
Tk.300,000 |
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Each Share Value |
: |
Tk.100.00 |
EXCHANGE RATE
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CURRENCY |
UNIT |
BANGLADESHI TAKA |
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Great Britain Pound |
1 |
143.7238 |
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U.S Dollar |
1 |
69.4023 |
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European Euro |
1 |
101.3730 |
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Japanese Yen |
1 |
0.6176 |
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Australian Dollar |
1 |
63.2055 |
GENERAL INFORMATION
No. of Employees: 120
Executives------------------- 8
Junior Executives--------- 10
Fisherman--------------------15
Junior Fisherman-----------10
Supervisory Staffs----------20
Support
Staffs-----------------7
General
Staffs---------------10
Workers----------------------40
Office Area: 3,000
sq.ft (own)
Factory Area: N/A
Warehouse Area: 2,500 sq.ft.(Own)
Export To:* 1 USA
1 Canada
1 Russia,
1 Europe
1 UK
1 Asia
The subject refused to
reveal the names of their clients
Brand Names: 1 Rupsha
1 Ocean bay
1 Ocean
Star,
1 SeaStar
Shampa
Quality
Approved by: 1 EU (Approval No BAG76)
1 USFDA (Code BK-04)
Name of the
Group: NIL
Subsidiaries: NIL
Member 1 Khulna Chamber of Commerce &
Industries, Khulna
1 Bangladesh Frozen Fish Exporters
Association, Dhaka
COMMENTS
The subject is a 100% Export oriented fish processing industry. The
plant was incorporated in the year1978 and the company is well reputed for her
frozen products i.e. Block, IQF & cooked throughout this long time span.
The company has been regular exporting its quality products in USA, Canada,
Russia, Europe, UK, Asia and almost every corner of the world since long with
good name and fame. Now it is revitalized and equipped with latest fish
processing technology as spiral freezer, cooking machine, shrink wrapping
machines besides plate freezers and blast freezer.
The directors are all experienced business man. They are reported to be
financially solvent and fair in their trade terms.
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)