MIRA INFORM
REPORT
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Report Date : |
15.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
ACI FOODS LIMITED |
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Registered Office : |
ACI Centre, 245, Tejgaon Industrial Area, Dhaka-1208 |
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Country : |
Bangladesh |
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Date of Incorporation : |
17.05.2006 |
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Com. Reg. No.: |
C-63738 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Manufacturing, Marketing, Exporting and Distribution of Food Products and Condiment |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
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$ 30,000.00 |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Bangladesh |
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
COMPANY DETAILS
|
Name |
ACI Foods
Limited |
|
Address |
ACI
Centre, 245, Tejgaon Industrial Area, Dhaka-1208 Note: The subject
operates from this address. |
|
Country |
Bangladesh |
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Telephone No |
880-2-9885694 |
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Fax No |
880-2-9884784, 9886029 |
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E-Mail |
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|
Website |
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Established |
2006 |
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Company Registration No |
C-63738 |
|
Registration date |
17th
May 2006 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of Joint Stock of Companies & Firms, Dhaka. |
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Business Type |
Manufacturing,
Marketing, Exporting and Distribution |
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Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
LOCATIONS
|
Head Office |
ACI Centre, 245, Tejgaon Industrial Area, Dhaka-1208, Bangladesh |
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Telephone No |
880-2-9885694 |
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Fax No |
880-2-9884784, 9886029 |
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E-Mail |
adab@aci-bd.com edab@aci-bd.com |
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Website |
www.aci-bd.com |
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Branch |
NIL |
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Factory |
Rajbari, Gazipur |
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Factory Telephone No |
N/A |
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Factory Fax No |
N/A |
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Warehouse |
Rajbari, Gazipur |
DIRECTORS
|
Name |
Mr. M. Anis Ud
Dowla |
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Designation |
Chairman |
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Nationality |
Bangladeshi |
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Name |
Dr. Arif Dowla |
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Designation |
Managing Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Syed Manzur
Elahi |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. M. Ziaul
Haque Khondakar |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mrs. Nazma Dowla |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Waliur
Rahman |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Wajed Salam |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Ms. Sheema Abed Rahman |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Waliur Rahman Bhuiyan OBE |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Md. Humayun Kabir |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Golam Mainuddin |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Ms. Shusmita Anis Salam |
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Designation |
Director |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturing,
Marketing, Exporting and Distribution |
|
Items Dealing In |
Food Products And Condiment |
|
Terms of Purchase |
Local: cash or Credit Import: Against L/C |
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Terms of Sale |
Local: cash or Credit Export: Against L/C |
BANKERS
|
Name |
Standard
Chartered Bank |
|
Branch |
Main Branch |
|
Address |
Dilkusha C/A, Dhaka |
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SWIFT |
N/A |
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|
Name |
HSBC |
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Branch |
Main Branch |
|
Address |
Motijheel C/A, Dhaka |
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SWIFT |
N/A |
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|
|
Name |
Commercial Bank
of Ceylon Limited |
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Branch |
Main Branch |
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Address |
Motijheel C/A, Dhaka |
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SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2010 |
2009 |
2008 |
|
Investment |
Tk.60 million |
Tk.58 million |
Tk.58 million |
|
Turnover |
Tk.458 million |
Tk.456.6 million |
Tk.456 million |
|
Liability |
Tk.8 million |
Tk.9 million |
Tk.10 million |
|
Assets |
Tk.72 million |
Tk.70 million |
Tk.70 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.50 million |
|
Paid Up Capital |
Tk.5 million |
|
Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
120.0157 |
|
U.S Dollar |
1 |
74.5300 |
|
European Euro |
1 |
105.4823 |
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 |
|
Money Laundering |
No Records Found |
MAXIMUM RECOMMENDED CREDIT
|
Amount |
Based On |
|
US$ 30,000.00 |
90 days |
GENERAL INFORMATION
|
Employees |
1,500 |
|
Office Area (Sq.
Ft) |
6,800 sq.ft (own) |
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Factory Area
(Sq. Ft) |
50,000 sq.ft (Own) |
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Warehouse Area
(Sq. Ft) |
20,000 sq.ft.(Own) |
|
Range of
Products |
4 Snacks |
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Brand Name |
4 PURE 4 FUN |
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Export Market |
4 Australia 4 UAE 4 Kuwait 4 Saudi Arabia 4 Bahrain 4 Qatar |
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Certification |
4 ISO 9001 4 ISO 22000 |
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Group Name |
4 ACI Group |
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Subsidiaries /
Affiliates |
4 ACI Formulations
Limited 4 ACI Salt Limited 4 Advance Chemical
Industries Limited 4 ACI
Pure Flour Limited 4 Apex Leather Craft
Limited 4 Flyban Insecticides
Limited 4 ACI Agrochemicals
Limited 4 Creative Communication
Limited 4 ACI Motors Limited 4 Premiaflex Plastics Limited |
|
Member |
4 Dhaka Chamber of Commerce & Industries, Dhaka |
COMMENTS
The subject is a private limited company engaged in
Manufacturing, Marketing, Exporting and Distribution of food products such as
basic spices, mixed spices, cereals, edible oil, snacks and confectionaries.
The subject is a concern of ACI Group, a renowned business house of Bangladesh.
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.53 |
|
UK Pound |
1 |
Rs.71.80 |
|
Euro |
1 |
Rs.63.15 |
RATING EXPLANATIONS
|
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 |
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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 |
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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.