MIRA
INFORM REPORT
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Report Date : |
10.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
ADVANCE ANIMAL SCIENCE CO LIMITED |
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Registered Office : |
2/10 Block-B, Lalmatia, Dhaka-1207 |
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Country : |
Bangladesh |
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Financials (as on) : |
2007 |
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Date of Incorporation : |
04.10.1999 |
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Com. Reg. No.: |
C-38745 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer and Sellers of Veterinary Medicines |
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: Advance Animal Science Co Limited
Address: 2/10 Block-B,
Lalmatia,
Dhaka-1207,
Country: Bangladesh
Tel No : 880-2-8158967-8,
8158965, 8322377,
Fax No. : 880-2-7135395,
8112183
E-Mail: advance@bdmail.net
Established: October
1999
Incorporation No: C-38745
Incorporation Date: 4th October 1999
Legal Structure:
The subject is a Private
Limited Company that was
Incorporated in the Registrar of
Joint Stock of
Companies, Dhaka.
Business Type: Importer
& Sellers of Veterinary Medicines
Status: Satisfactory
Payments: No complaints
have been heard regarding payments
from
local suppliers or banks.
Litigation: NIL
LOCATIONS
Head Office: 2/10 Block-B,
Lalmatia,
Dhaka-1207,
Country: Bangladesh
Tel No : 880-2-8158967-8,
8158965, 8322377,
Fax No. : 880-2-7135395,
8112183
E-Mail: advance@bdmail.net
Branch: Khalil Mansion
149/4,
DIT Extension Road,
Motijheel Commercial Area,
Dhaka-1000,
Factory: N/A
DIRECTORS & SHAREHOLDERS
Name: Mr.M.M.Khan
Designation: Chairman & Managing
Director
Name: Mrs.Mamuna
Khan
Designation: Director
BUSINESS DETAILS
Line of Business: Importer
& Sellers of Veterinary Medicines
Terms of Sale: 1 Cash
1 Credit
BANKERS
Name: National
Bank Limited
Branch: Dilkusha
Branch,
Address: Dilkusha
Commercial Area,
Dhaka
Name : Pubali
Bank Limited
Branch : Main
Branch,
Address : Motijheel
Commercial Area,
Dhaka
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.20 million |
Tk.20 million |
Tk.23 million |
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Turnover |
Tk.182 million |
Tk.180 million |
Tk.180 million |
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Liability |
Tk.1.2 million |
Tk.2 million |
Tk.2.7 million |
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Fixed Assets |
Tk.22 million |
Tk.22 million |
Tk.22 million |
CAPITAL STRUCTURE
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Authorized Capital |
: |
Tk.10 million |
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Paid Up Capital |
: |
Tk.100,000.00 |
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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 |
137.1626 |
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U.S Dollar |
1 |
69.4000 |
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European Euro |
1 |
108.8231 |
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Japanese Yen |
1 |
0.6729 |
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Australian Dollar |
1 |
65.7102 |
GENERAL INFORMATION
No. of Employees: 20
Executives--------------------2
Junior Executives-----------3
Field
Staffs-------------------4
Sales Staffs----------------- 5
General Staffs---------------6
Office Area: 800 sq.ft
(rented)
Factory Area: N/A
Warehouse Area: 1,500
sq.ft.(rented)
Items Dealing In: 1 Veterinary Medicines
1 Injections
1 Vaccinations
Imported From: * 1 Germany
1 Netherlands
1 USA
* The subject has refused
to reveal the names.
Terms of Sales: 1 Cash
1 Credit
Subsidiaries: NIL
Member 1 Dhaka Chamber of Commerce &
Industries, Dhaka
COMMENTS
The subject is a private limited company engaged in
importing and selling of veterinary medicines, injections and vaccinations to
local markets.
The directors are well conversant in their line of trade and
they are also experienced businessman. They are financially solvent and good at
their business commitments, it is reported.
The company is good for normal business engagements.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.76 |
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UK Pound |
1 |
Rs.74.87 |
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Euro |
1 |
Rs.60.81 |
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%)