MIRA INFORM REPORT

 

 

Report Date :

23.12.2008

 

IDENTIFICATION DETAILS

 

Name :

BISWAS POULTRY AND FISH FEEDS LIMITED

 

 

Registered Office :

Hatimara Road, Kashimpur, Gazipur

 

 

Country :

Bangladesh

 

 

Financials (as on) :

2007

 

 

Year of Establishment :

2003

 

 

Com. Reg. No.:

C-47898

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacturer and Suppliers of Poultry and Fish Feeds

 

 

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 :

No Complaints

 

 

Litigation :

Clear

 

 

COMPANY DETAILS

 

Name:                                      Biswas Poultry and Fish Feeds Limited

 

Address:                                   Hatimara Road

Kashimpur

                                                Gazipur,

 

Country:                                    Bangladesh      

 

Tel No :                                     880-2-9297596, 9297597

 

Fax No. :                                   880-2-9297597

 

E-Mail:                                      asiar@sparkbd.net

 

Established:                              2003

 

Operation From:                         2005

 

Incorporation No:                        C-47898

 

Incorporation Date:                     22/04/2005

 

Legal Structure:                         The subject is a Private Limited Company Registered with the Registrar of Joint Stock Companies, Dhaka

 

Business Type:                          Manufacturer and Supplier

                                               

Status:                                      Satisfactory

 

Payments:                                No complaints have been heard regarding payments 

                                                from banks.

 

Litigation:                                  NIL

 

 

LOCATIONS

 

 

Head Office:                              Hatimara Road

Kashimpur

                                                Gazipur,

           

Tel No :                                     880-2-9297596, 9297597

 

Fax No. :                                   880-2-9297597

 

E-Mail:                                      asiar@sparkbd.net

 

Liaison Office:                            Road No.45

                                                              House No.27

                                                         Sector No.7

                                                              Uttara Model Town

                                                            Dhaka

                                     

 

DIRECTORS

 

Name:                                       Mr. Mahbubur Rahman

Designation:                             Chairman

 

Name:                                       Mr. Shafiqur Rahman

Designation:                              Managing Director

 

Name:                                       Mr. Arif Billah Bhuiyan

Designation:                              Director

 

Name:                                       Mr.Krishna Gopal Shaha

Designation:                              Director

 

Name:                                       Mr. Ovoy Kumar Das

Designation:                                           Director

 

 

BUSINESS DETAILS

 

Line of Business:                       Manufacturer and Supplier

 

Items dealing in:                        Poultry feed and Fish feed

 

Terms of Sale:                           1 Cash

                                                1 Credit

                                   

 

BANKERS

 

Name:                                       Islami Bank (BD) Ltd

Branch:                                     Uttara Branch

 

Address:                                   Uttara

                                                Dhaka

 

Name:                                       Pubali Bank Ltd

Branch:                                     Kashimpur Branch,

 

Address:                                   Kashimpur

                                                Gazipur

 

FINANCIAL INFORMATION*

 

 

 

       2007

2006

2005

Capital Invested

Tk.12 million

Tk.12 million

Tk.11.5 million

Turnover

Tk.180 million

Tk.180 million

Tk.179 million

Liability

    NIL

   NIL

   NIL

Fixed Assets

Tk.20 million

Tk.20 million

Tk.20 million

 

*The subject has refused to revel any financial information. Whatever shown here are collected unofficially and as such its authenticity could not be verified.

 

CAPITAL STRUCTURE

 

Authorized Capital

:

Tk.10 million

Paid Up Capital

:

Tk.100,000.00

Each Share Value

:

Tk.100.00

 

EXCHANGE RATE

 

CURRENCY

UNIT

BANGLADESHI TAKA

Great Britain Pound

1

137.1626

U.S Dollar

1

69.4000

European Euro

1

108.8231

Japanese Yen

1

   0.6729

Australian Dollar

1

  65.7102

 

 

 

 

 

GENERAL INFORMATION

 

No of Employees:                      250

Executives---------------5

Junior Executives------7

Sales Staffs------------30

Support Staffs----------5                                              

                                                General Staffs----------6                                       

                                                Workers---------------197

 

 

 

Items Dealing In:                        1 Poultry Feeds

1 Fish Feeds               

                                                                                                    

Office Area:                               3000 sq.ft (own)

 

Factory Area:                            5 Bigha OF Land (own)

 

Warehouse Area:                       5 Bigha OF Land (own)

 

Raw Materials Imported From:                 1 U.S.A

                                                            1 U.K

                                                            1 China

                                                            1 India

                                                            1 Taiwan

                                                            1 Thailand

                                                            1 Korea

                                                                       

Name of the Group:                                NIL

 

Subsidiaries:                                         NIL

                                               

Member:                                               1 Dhaka Chamber of Commerce & Industries,

                                                             Dhaka

           

           

COMMENTS

 

The subject is a private limited company engaged in manufacturing and supplying of poultry and fish feeds. The qualities of their products are very good and their products are sold all over the country.

 

The directors are experienced businessmen of good reputation who are reported to be financially solvent and fair in their trade terms.

 

The subject is good for normal engagements.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.99

UK Pound

1

Rs.72.49

Euro

1

Rs.68.44

 

 

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