MIRA
INFORM REPORT
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Report Date : |
19.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
BIRDS BANGLADESH |
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Registered Office : |
Urban Valley, Flat No.1/A, House No.29 (New), Road No.27
(Old), Dhanmondi Residential Area, Dhaka |
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Country : |
Bangladesh |
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Financials (as on) : |
2007 |
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Date of Incorporation : |
June 1992 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Importing, selling and marketing representative of Poultry shed and feed
milling equipments. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY DETAILS
Name: Birds Bangladesh
Address: Urban Valley
Flat
No.1/A,
House
No.29 (New),
Road
No.27 (Old),
Dhanmondi
Residential Area,
Dhaka,
Country: Bangladesh
Tel No: 880-2-8157615
Fax No. : 880-2-8157617
E-Mail: birds@bttb.net.bd
Established: June 1992
Incorporation
No: N/A
Incorporation
Date: N/A
Legal Structure: The subject is
Proprietorship Company
Business Type: Importer, Sellers
& Foreign Manufacturers’ Representative
Status: Satisfactory
Payments: No complaints have
been heard regarding payments
from local
suppliers or banks.
Litigation: NIL
LOCATIONS
Head Office: Urban Valley
Flat
No.1/A,
House
No.29 (New),
Road
No.27 (Old),
Dhanmondi Residential Area,
Dhaka,
Tel No : 880-2-8157615
Fax No : 880-2-8157617
E-Mail:
birds@bttb.net.bd
Branch: NIL
Factory: N/A
Factory Tel. No : N/A
Factory Fax No. : N/A
PROPRIETOR
Name: Mr.M.Anis Ahmed
Designation: Proprietor
BUSINESS DETAILS
Line of Business: Importer,
Sellers & Foreign Manufacturer Representative
Items Dealing In: 1 Automatic
Nipple Drinking
1 Pan
& Chain Feeding System
1 Feed
Mill (Mash & Pellet) and Silo
1 Environment
Control Pre-Fabricated poultry Hose
1 Incubator
1 Gas
Brooder
1 Debreaker
Machine
1 Auto
Drinker
1 Chick
Box
1 Plastic
Slat
1 Transportation
Crates
1 Galvanized
Layer & Breeder Cages
1 Meat
Processing Plant
1 Vaccine
Gun
1 Nest
Box
Terms of Sale: 1 Cash
1 Credit
BANKERS
Name: IFIC Bank Limited
Branch: Dhanmondi Branch,
Address: Dhanmondi,
Dhaka
The company performs most of the business transactions with the above-mentioned
bank. No more details were provided.
FINANCIAL INFORMATION
2007 2006 2005
|
Capital Invested |
Tk.5 million |
Tk.5 million |
Tk.5 million |
|
Turnover |
Tk.72.5 million |
Tk.70 million |
Tk.69 million |
|
Liability |
NIL |
NIL |
NIL |
|
Fixed Assets |
Tk.3 million |
Tk.3 million |
Tk.3 million |
CAPITAL STRUCTURE
|
Authorized Capital |
: |
N/A |
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Paid Up Capital |
: |
N/A |
|
Each Share Value |
: |
N/A |
EXCHANGE RATE
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CURRENCY |
UNIT |
BANGLADESHI TAKA |
|
Great Britain Pound |
1 |
137.1626 |
|
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: 12
Executives------------------2
Junior Executives---------2
Engineers-------------------2
Field Staffs- ----------------2
General
Staffs------------- 4
Office Area: 450 sq.ft (rented)
Factory Area: N/A
Warehouse Area: 2,200 sq.ft.(rented)
Import From: 1 Z-Corti-------------Italy
1 SKA
Spa-----------Italy
1 Demaplast---------Italy
1 Chore-Time--------USA
Name of the Group: NIL
Subsidiaries: NIL
Member 1 Dhaka Chamber of Commerce & Industries, Dhaka
COMMENTS
The 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.
The proprietor is conversant in their line of trade and he
is also experienced businessman.
The concern is good for normal business engagements.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.68 |
|
UK Pound |
1 |
Rs.84.37 |
|
Euro |
1 |
Rs.65.70 |
RATING
EXPLANATIONS
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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 |
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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%)