MIRA INFORM
REPORT
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Report Date : |
04.01.2011 |
IDENTIFICATION DETAILS
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Name : |
SHAH SULTAN FEED MILLS PVT LIMITED |
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Registered Office : |
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Country : |
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Date of Incorporation : |
15.03.2004 |
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Com. Reg. No.: |
C-56578 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer of Poultry Feeds |
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$ 15,000.00 |
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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
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Name |
Shah Sultan Feed Mills Pvt Ltd |
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Address |
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Country |
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Telephone No |
880-51- 64594 |
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Fax No |
880-51- 78405 |
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E-Mail |
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Website |
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Established |
2004 |
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Company Registration No |
C-56578 |
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Registration date |
15th March 2004 |
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Legal Status |
Private Limited |
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Issuing Authority |
The Registrar of Joint Stock Companies, |
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Business Type |
Manufacturer |
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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
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Head Office |
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Telephone No |
880-51- 64594 |
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Fax No |
880-51- 78405 |
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E-Mail |
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Website |
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Branch |
NIL |
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Factory |
Chalkbochai Gabtoli Bogra-5800 |
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Factory Telephone No |
NIL |
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Factory Fax No |
NIL |
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Warehouse |
Chalkbochai Gabtoli Bogra-5800 |
DIRECTORS
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Name |
Mr. Mohammad Abdul Gafur |
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Designation |
Chairman & Managing Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Mohammad Shohanur Rahman |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Ms. Shantona Rahman |
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Designation |
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr. Mohammad Abdul Gafur |
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Share Percent |
50% |
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Nationality |
Bangladeshi |
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Name |
Mr. Mohammad Shohanur Rahman |
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Share Percent |
30% |
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Nationality |
Bangladeshi |
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Name |
Ms. Shantona Rahman |
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Share Percent |
20% |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
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Line of Business |
Manufacturer |
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Items Dealing In |
Poultry Feeds |
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Production
Capacity |
UNKNOWN |
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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
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Name |
Sonali Bank Ltd |
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Branch |
Bogra Branch |
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Address |
Bogra |
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SWIFT |
N/A |
FINANCIAL INFORMATION
* The subject has
flatly refused to reveal any financial information.
CAPITAL STRUCTURE
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Authorized
Capital |
Tk.20 million |
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Paid Up Capital |
Tk.200,000.00 |
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Each Share Value |
Tk.100 |
EXCHANGE RATE
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Currency |
Unit |
Bangladeshi Taka (BDT) |
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|
1 |
110.7104 |
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U.S Dollar |
1 |
70.9500 |
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European Euro |
1 |
94.9453 |
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$ 15,000.00 |
90 days |
GENERAL INFORMATION
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Employees |
100 |
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4 Poultry Feeds 4 Aqua Feed |
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Major Clients |
4 Local Poultry
Farms 4 Local Fisheries |
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Export
Market |
NIL |
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Certifications |
NIL |
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Group Name |
Shah Sultan Group |
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Subsidiaries/Affiliates |
4 M/s. Azmeer
Bhander 4 M/s. Abdul
Gafur 4 Shah Sultan
Himagar 4 New Shah Sultan
Himagar Ltd 4 Shah Sultan
Beez Himagar 4 Shah Sultan
Jute & Twine Industries 4 Shah Sultan
Poultry and Hatchery Ltd 4 Shah Sultan
Properties Ltd 4 Shah Sultan
Paribahan |
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Member |
4 Bogra Chamber
of Commerce & Industries, Bogra |
COMMENTS
The subject is a private Ltd Company engaged in
manufacturing of poultry & fish feeds. The company is a concern of Shah Sultan
Group, a renowned business house of the northern part of
The subject fulfills the demands of fish and poultry feed of
the entire northern part of the country.
The directors are well conversant in their line
of trade and they are also experienced businessman. They are reported to be
financially solvent and fair in their trade terms.
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.67 |
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|
1 |
Rs.69.45 |
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Euro |
1 |
Rs.59.37 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.