MIRA INFORM REPORT
|
Report Date : |
10.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
ASHA AGRO INDUSTRIES |
|
|
|
|
Registered Office : |
Ratanpur, Birampur, Dinajpur |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Year of Establishment : |
1995 |
|
|
|
|
Com. Reg. No.: |
Not Available |
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|
|
|
Legal Form : |
Proprietorship Concern |
|
|
|
|
Line of Business : |
Manufacturing & Selling of poultry feed & fish feed |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
US$ 18,000.00 |
|
Status : |
Small Concern |
|
Payment
Behaviour : |
No Complaints |
|
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 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
CONCERN DETAILS
|
Name |
Asha Agro
Industries |
|
Address |
Ratanpur,
Birampur, Dinajpur |
|
Country |
Bangladesh |
|
Telephone No |
880-1714-897510 |
|
Fax No |
NIL |
|
E-Mail |
|
|
Website |
NIL |
|
Established |
1995 |
|
Concern Registration No |
N/A |
|
Registration date |
N/A |
|
Legal Status |
Proprietorship Concern |
|
Business Type |
Manufacturer & Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local suppliers or banks. |
LOCATIONS
|
Head Office |
Ratanpur,
Birampur, Dinajpur |
|
Telephone No |
880-1714-897510 |
|
Fax No |
NIL |
|
E-Mail |
NIL |
|
Website |
NIL |
|
Branch |
NIL |
|
Factory |
Ratanpur,
Birampur, Dinajpur |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
Ratanpur,
Birampur, Dinajpur |
PROPRIETOR
|
Name |
Mr.
Mohammad Arman Ali |
|
Designation |
Proprietor |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturer & Seller |
|
Items Dealing In |
Feeds |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
BANKERS
|
Name |
Janata Bank
Limited |
|
Branch |
Bogra Corporate
Branch |
|
Address |
Baragula,
Jhautola, Bogra |
|
SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2009 |
2008 |
2007 |
|
Investment |
Tk.11.5 million |
Tk.10 million |
Tk.10 million |
|
Turnover |
Tk.93.4 million |
Tk.92.6 million |
Tk.92 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.17 million |
Tk.15 million |
Tk.15 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
N/A |
|
Paid Up Capital |
N/A |
|
Each Share Value |
N/A |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
121.1632 |
|
U.S Dollar |
1 |
73.8800 |
|
European Euro |
1 |
107.6949 |
ADVERSE DATA MONITORING
|
Dishonored
Checks |
No Records Found |
|
Debt |
No Records Found |
|
Litigation |
No Records Found |
|
Performance
Defaults |
No Records Found |
|
Adverse Press
Coverage |
No Records Found |
|
Money Laundering |
No Records Found |
MAXIMUM RECOMMENDED CREDIT
|
Amount |
Based On |
|
US$ 18,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
50 |
|
Office Area (Sq.
Ft) |
1,400 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
25,000 sq.ft (rented) |
|
Warehouse Area
(Sq. Ft) |
3,500 sq.ft.(rented) |
|
Range of
Products |
4 Poultry
Feeds 4 Fish Feeds |
|
Major
Clients |
4 Local Poultry Farms 4 Local Hatchery |
|
Certifications |
NIL |
|
Group Name |
NIL |
|
Subsidiaries /
Affiliates |
NIL |
|
Member |
4 Dinajpur Chamber of Commerce &
Industries, Dinajpur |
COMMENTS
The subject is a proprietorship concern engaged in
manufacturing & selling of poultry feed & fish feed in local market.
The proprietor is well conversant in his line of trade and
he is also experienced businessman. He is financially solvent and good at his
business commitments, it is reported.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.72 |
|
UK Pound |
1 |
Rs.73.47 |
|
Euro |
1 |
Rs.65.38 |
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 |
|
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 |
|
---- |
NB |
New Business |
---- |
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.