MIRA INFORM REPORT
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Report Date : |
08.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
TAZAN AGRO LIMITED |
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Registered Office : |
Hathazari Road, Baluchara, Chittagong- 4214 |
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Country : |
Bangladesh |
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Date of Incorporation : |
05.05.1995 |
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Com. Reg. No.: |
Ch-5337 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer & Distributor of Feed Additives & Animal Health Products |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
US$ 32,000.00 |
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Status : |
Moderate |
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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 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
COMPANY DETAILS
|
Name |
Tazan Agro
Limited |
|
Address |
Hathazari
Road, Baluchara, Chittagong- 4214 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-682739 |
|
Fax
No |
880-2-2580909 |
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E-Mail |
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|
Website |
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Established |
1993 |
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Company Registration No |
Ch-5337 |
|
Registration date |
5th May 1995 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The
Registrar of Joint Stock Companies & Firms, Chittagong |
|
Business Type |
Importer & Distributor |
|
Status |
Satisfactory |
|
Payment Behavior |
No
complaints have been heard regarding payments from local suppliers or banks. |
LOCATIONS
|
Head Office |
Hathazari
Road, Baluchara, Chittagong- 4214 |
|
Telephone No |
880-2- 682739 |
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Fax No |
880-2- 2580909 |
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E-Mail |
|
|
Website |
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Branch |
382, Tangi Diverson Road |
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Factory |
N/A |
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Factory Telephone No |
N/A |
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Factory Fax No |
N/A |
|
Warehouse |
Hathazari
Road, Baluchara, Chittagong- 4214 |
DIRECTORS
|
Name |
Ms. Farhana Akhter |
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Designation |
Chairperson |
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Nationality |
Bangladeshi |
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Name |
Mr. Jahangir Kabir |
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Designation |
Managing Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Ms. Farhana Akhter |
|
Share Percent |
50% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Jahangir Kabir |
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Share Percent |
50% |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Importer & Distributor |
|
Items Dealing In |
Feed Additives & Animal Health Products |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
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Terms of Sale |
Local: Cash or Credit |
BANKERS
|
Name |
NCC Bank Ltd |
|
Branch |
OR Nizam Road Branch |
|
Address |
659 O.R. Nizam Road, Central Plaza, Chittagong, Bangladesh |
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SWIFT |
NCCLBDDHORN |
FINANCIAL INFORMATION
|
Year |
2010 |
2009 |
2008 |
|
Investment |
Tk.16 million |
Tk.14.7 million |
Tk.13.1 million |
|
Turnover |
Tk.44 million |
Tk.42.4 million |
Tk.40.8 million |
|
Liability |
Tk.5 million |
Tk.5.7 million |
Tk.6.2 million |
|
Assets |
Tk.30 million |
Tk.30 million |
Tk.29 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.10 million |
|
Paid Up Capital |
Tk.100,000.00 |
|
Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
116.9098 |
|
U.S Dollar |
1 |
75.4500 |
|
European Euro |
1 |
100.8465 |
ADVERSE DATA MONITORING
|
Dishonored
Checks |
No Found |
|
Debt |
No Records Found |
|
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$ 32,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
20 |
|
Office Area (Sq.
Ft) |
1,500 (own) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
1,200 (own) |
|
Range of
Products |
Cocsideostaties 4 Diclazuril 0.5% 4 Maduramycin 1% 4 Clopidol 25% 4 Salinomycin 12% 4 Diclazuril 0.5% 4 Maduramycin 1% 4 Clopidol 25% 4 Salinomycin 12% Growth Promoter 4 Flavomycin 4% 4 Zinc
Bacetracine 10 % 4 Flavomycin 4% 4 Zinc
Bacetracine 10 % Disinfectants 4 Farm Gard 4 Hatch Gard 4 Viru Gard 4 Ultra Gard 4 Gluta Gard 4 Quat Gard 4 Bio Gard 4 Egg Gard 4 Para Gard 4 Mite Gard Pellet Binder 4 Magicoh Hj-1 Toxin Binder 4 Fintox 4 Fintox Mold 4 Fintox Mold
Plus 4 Liptosafe L Organic Acids
Salmonella Killer 4 Antisalm 4 Liptomold 4 Liptobac L Mineral 4 DCP- Lomon
China 4 Sicalphos – DCP
– Belgium 4 MCP 4 Limestone 4 Eggshall
Promoter 4 Electrolite –
W.SP Amino Acids 4 L- Lysine 98.5% 4 DL-Methionine
99% 4 L-Thionine Vitamin Premix 4 Broiler Premix 4 Grower Premix 4 Layer Premix 4 Breeder Premix 4 Fish Premix Vitamins Water
Soluble/Premix 4 Multi Vitamins
W.SP 4 AD3E 4 E+Selenium 4 Multi Vitamins
Liquid 4 Hidralip L Diuretic
Products 4 Diuretic 4 Liptobac L 4 Liptosafe L 4 Hidralip L 4 Hidragel L Feed Additives 4 COMBOzyme 4 Antiox 4 Liptodry 4 Zeoclean 4 Eggshall
Promoter 4 Chlorine
Chloride 60% Feed Ingredients 4 Meat &
Bonemeal 4 Seatop (Protein
Concentrate) 4 Fish meals 4 Limestone |
|
Import From |
4 Huzhou
International Trade Co Ltd - China 4 Zhejiang
Shenghua Biok Biological Co Ltd – China 4 Provimi Holding
- Netherlands 4 Liptosa Toledo SA
- Spain 4 Farmcare care
GB - UK 4 American
Biosystems Inc –USA |
|
Clients |
4 Local Poultry
Farms 4 Local
Agro-based Industries |
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Certifications |
NIL |
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Group Name |
NIL |
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Subsidiaries /
Affiliates |
NIL |
|
Member |
4 Chittagong Chamber of Commerce &
Industries, Chittagong |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.14 |
|
UK Pound |
1 |
Rs.75.97 |
|
Euro |
1 |
Rs.65.99 |
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 |
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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.