MIRA INFORM REPORT
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Report Date : |
24.02.2011 |
IDENTIFICATION DETAILS
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Name : |
AFTAB BAHUMUKHI FARMS LIMITED |
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Registered Office : |
Islam Chamber (12th Floor), 125/A Motijheel C/A, |
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Country : |
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Date of Incorporation : |
19.06.1991 |
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Com. Reg. No.: |
C-20767 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
manufacturing
and selling of poultry, feed
mills, crops & fisheries |
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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Maximum Credit Limit : |
US$ 25,000.00 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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b1 |
b1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
Aftab Bahumukhi Farms Limited |
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Address |
Note: The subject operates from this address. |
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Country |
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Telephone No |
880-2-9569092, 9568903, 9565794 |
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Fax No |
880-2-956611 |
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E-Mail |
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Website |
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Established |
1991 |
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Company Registration No |
C-20767 |
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Registration date |
19th
June 1991 |
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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 |
Producer & Seller |
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Status |
Satisfactory |
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Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
LOCATIONS
|
Head Office |
Islam Chamber
(12th Floor), 125/A Motijheel C/A, |
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Telephone No |
880-2-9569092, 9568903, 9565794 |
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Fax No |
880-2-956611 |
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E-Mail |
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|
Website |
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Branch |
37, Agrabad Commercial Area, |
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Factory |
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Factory Telephone No |
N/A |
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Factory Fax No |
N/A |
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Warehouse |
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DIRECTORS
|
Name |
Mr. Manzurul Islam |
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Designation |
Chairman |
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Nationality |
Bangladeshi |
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Name |
Mr. Shah Habibul
Haque |
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Designation |
Managing
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr. Manzurul Islam |
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Share Percent |
50% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Shah Habibul
Haque |
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Share Percent |
50% |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Producer & Seller |
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Items Dealing In |
Poultry, Feed
Mills, Crops & Fisheries |
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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 |
BANKERS
|
Name |
Janata
Bank Ltd |
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Branch |
Local Office
Branch |
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Address |
Motijheel C/A, |
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SWIFT |
N/A |
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Name |
Uttara Bank
Limited |
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Branch |
Local Office
Branch |
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Address |
Motijheel Commercial Area, |
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SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2009 |
2008 |
2007 |
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Investment |
Tk.23 million |
Tk.21 million |
Tk.21 million |
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Turnover |
Tk.368 million |
Tk.366 million |
Tk.365.6 million |
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Liability |
Tk.5.8 million |
Tk.6.5 million |
Tk.7 million |
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Assets |
Tk.67 million |
Tk.66 million |
Tk.66 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.100 million |
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Paid Up Capital |
Tk.200, 000.00 |
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Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
|
1 |
114.8418 |
|
U.S Dollar |
1 |
71.1800 |
|
European Euro |
1 |
97.1821 |
ADVERSE DATA MONITORING
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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$ 25,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
1,580 |
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Office Area (Sq.
Ft) |
2,100 sq.ft (own) |
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Factory
Area (Sq. Ft) |
200 acres of lands (own) |
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Warehouse
Area (Sq. Ft) |
4,900 sq.ft (rented) |
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Range
of Products & Services |
POULTRY 4 Grand Parent 4 Grand
Parent Hatchery 4 Parent
Stock 4
Commercial Hatchery 4
Commercial Boiler Operations 4 Poultry
Processing FEED MILLS 4 Poultry
Feed 4 Fish
Feed 4 Cattle
Feed CROPS 4 Seed 4
Commercial Farming FISHERIS
4
Hatchery 4
Commercial Production |
|
Major Clients |
4 Local Poultry Farms 4 Local
Fish Hatchery 4 Local
Dairy Farms 4 Local
Farmers |
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Award |
4 Asian Livestock Industry Award 2009 |
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Group Name |
4Islam Group |
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Subsidiaries /
Affiliates |
4 Eastern
Housing Limited 4 Dhaka
Fiber Limited 4 Milners
Pumps Limited 4 Sea
Trade Fertilizer Limited 4 Navana
Industries Limited 4 Aftab
Automobile Limited 4 Eastern Holding Limited 4 Bengal
Development Corporation Limited 4 Aftab
IT Limited 4 Navana
Pharmaceuticals Limited 4
Essential products Limited 4 Milnars Tubewells Limited |
|
Member |
4 Dhaka Chamber of Commerce &
Industries, |
COMMENTS
The subject is a private limited company who is engaged in
manufacturing and selling of poultry, feed mills, crops & fisheries in
local market. The qualities of their products are
very good and their products are sold all over the country. The subject
is a concern of Islam Group.
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.45.20 |
|
|
1 |
Rs.73.17 |
|
Euro |
1 |
Rs.61.88 |
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 |
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 |
|
<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.