MIRA INFORM REPORT
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Report Date : |
07.04.2011 |
IDENTIFICATION DETAILS
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Name : |
QUALITY FEEDS LIMITED |
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Registered Office : |
House No.14, Roda No.7, Sector-4, Uttara,
Dhaka-1230 |
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Country : |
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Date of Incorporation : |
17.07.1997 |
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Com. Reg. No.: |
C-29835 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
manufacturing and selling of various types of feed
product |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$ 20,000.00 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
b1 |
b1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
COMPANY DETAILS
|
Name |
Quality Feeds Limited |
|
Address |
House No.14, Roda No.7, Sector-4, Uttara, Dhaka-1230 |
|
Country |
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Telephone No |
880-2-8916024, 8920989, 8921224 |
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Fax No |
880-2-8916024 |
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E-Mail |
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|
Website |
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Established |
1997 |
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Company Registration No |
C-29835 |
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Registration date |
17th
July 1997 |
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Legal Status |
Private Limited |
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Issuing Authority |
The Registrar of Joint Stock Companies & Firms, |
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Business Type |
Manufacturer and
Seller |
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Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
LOCATIONS
|
Head Office |
House No.14, Roda No.7, Sector-4, Uttara, Dhaka-1230 |
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Telephone No |
880-2-8916024, 8920989, 8921224 |
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Fax No |
880-2-8916024 |
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E-Mail |
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|
Website |
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Branch |
NIL |
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Factory |
4 Gazipur, 4 Jamunna,
Shahjahanpur, Bogra |
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Factory Telephone No |
N/A |
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Factory Fax No |
N/A |
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Warehouse |
4 Gazipur, 4 Jamunna, Shahjahanpur, Bogra |
DIRECTORS
|
Name |
Mr. Kaiser
Rehman |
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Designation |
Chairman |
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Nationality |
Bangladeshi |
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Name |
Mr. Imtesham Bin
Jahan |
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Designation |
Managing Director |
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Nationality |
Bangladeshi |
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|
Name |
Mr. Reshadur
Rahman Shaheen |
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Designation |
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr. Kaiser
Rehman |
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Share Percent |
40% |
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Nationality |
Bangladeshi |
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|
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|
Name |
Mr. Imtesham Bin
Jahan |
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Share Percent |
40% |
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Nationality |
Bangladeshi |
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Name |
Mr. Reshadur
Rahman Shaheen |
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Share Percent |
20% |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturer
& Seller |
|
Items Dealing In |
Feed Products |
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Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
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Terms of |
Local: Cash or Credit |
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Production
Capacity |
Gazipur Plant - 180,000 Tons per
year Bogra Plant – 60,000 Tons
Per year |
|
Last Year
Production |
Gazipur Plant - 180,000 Tons Bogra Plant – 60,000 Tons |
BANKERS
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Name |
Mercantile Bank
Limited |
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Branch |
Uttara Branch |
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Address |
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SWIFT |
N/A |
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Name |
Bangladesh
Krishi Bank |
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Branch |
Main Branch |
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Address |
Motijheel Commercial Area, |
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SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2009 |
2008 |
2007 |
|
Investment |
Tk.22 million |
Tk.21 million |
Tk.21 million |
|
Turnover |
Tk.174 million |
Tk.172 million |
Tk.171.7 million |
|
Liability |
Tk.4.3 million |
Tk.5 million |
Tk.5.7 million |
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Assets |
Tk.40 million |
Tk.38 million |
Tk.38 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.10 million |
|
Paid Up Capital |
Tk.150,000.00 |
|
Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
|
1 |
118.6311 |
|
U.S Dollar |
1 |
72.8200 |
|
European Euro |
1 |
103.6010 |
ADVERSE DATA MONITORING
|
Dishonored
Checks |
No Found |
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Debt |
No Records Found |
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Litigation |
No Records Found |
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Performance
Defaults |
No Records Found |
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Adverse Press
Coverage |
No Records Found |
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Money Laundering |
No Records Found |
MAXIMUM RECOMMENDED CREDIT
|
Amount |
Based On |
|
US$ 20,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
320 |
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Office Area (Sq.
Ft) |
1,400 sq.ft (own) |
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Factory Area
(Sq. Ft) |
5 Acres of Land app. (own) |
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Warehouse Area
(Sq. Ft) |
12,000 sq.ft.(own) |
|
|
4 Poultry
Feed 4 Shrimp
Feed 4 Fish
Feed 4 Cattle
Feed |
|
Major Clients |
4 Local
Poultry Farms 4 Local Hatcheries 4 Local
Cattle Farms |
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Certifications |
NIL |
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Group Name |
NIL |
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Subsidiaries /
Affiliates |
4 Quality
Grains Limited 4 Quality
Breeders Limited 4 Alliance
Bags Limited 4 Quality
Aquabreeds Limited 4 Alliance Stitches Limited |
|
Member |
4 4 Dhaka Chamber of Commerce &
Industries, |
COMMENTS
The subject is a private limited company engaged
in manufacturing and selling of various types of feed products. The qualities
of their products are of international standard and their products have a good
demand in the local market. The countries hatchery business is in a boom and
the company is doing good business. The company produces and distributes
poultry, fish and shrimp feed throughout the country by 11 regional offices and
5 depots with the contribution of 600 agents.
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 commitment, it reported.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.22 |
|
|
1 |
Rs.72.25 |
|
Euro |
1 |
Rs.63.09 |
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 |
|
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.