MIRA INFORM REPORT
|
Report Date : |
04.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
TAZAN AGRO ENTERPRISE |
|
|
|
|
Registered Office : |
Hathazari Road, Baluchara,
Chittagong-4214 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Year of Establishment : |
1996 |
|
|
|
|
Legal Form : |
Proprietorship Concern |
|
|
|
|
Line of Business : |
Importing & Selling Of Poultry, Dairy & Fisheries Products |
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$ 20,000.00 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
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 |
Tazan Agro Enterprise |
|
Address |
Hathazari Road,
Baluchara, Chittagong- 4214 |
|
Country |
Bangladesh |
|
Telephone No |
880-31-682739 |
|
Fax No |
880-31-2580909 |
|
E-Mail |
|
|
Website |
|
|
Established |
1996 |
|
Legal Status |
Proprietorship |
|
Business Type |
Importer & Seller |
|
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 |
880-31-682739 |
|
Fax No |
880-31-2580909 |
|
E-Mail |
|
|
Website |
|
|
Branch |
382, Tangi Diverson Road, Mogbazar, Dhaka- 1217 |
|
Factory |
N/A |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
Hathazari Road, Baluchara, Chittagong-4214 |
PROPRIETOR
|
Name |
Mr. Jahangir Kabir |
|
Designation |
Proprietor |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Importer & Seller |
|
Items Dealing In |
Poultry, Dairy & Fisheries Products
|
|
Terms of Purchase |
Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
BANKERS
|
Name |
Sonli Bank Ltd |
|
Branch |
Baluchara Branch |
|
Address |
Baluchara, Chittagong |
|
SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2010 |
2009 |
2008 |
|
Investment |
Tk.15 million |
Tk.14 million |
Tk.14 million |
|
Turnover |
Tk.78 million |
Tk.76.9 million |
Tk.76.2 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 |
120.3079 |
|
U.S Dollar |
1 |
74.2000 |
|
European Euro |
1 |
105.3566 |
ADVERSE DATA MONITORING
|
Dishonored
Checks |
No 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$ 20,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
25 |
|
Office Area (Sq.
Ft) |
1,000 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
2,800 sq.ft (rented) |
|
Range of
Products |
4 Feed Additives 4 Feed
Ingredients 4 Soya Bean Meal 4 Meat & Bone
Meal 4 Protein 4 Tim Meal &
Mare |
|
Major
Clients |
4 Local Poultry
Farms 4 Local Hatchery 4 Local Dairy
Farms |
|
Major Foreign
Principals |
4 RSA, Bhutan 4 Ajinoalto,
Thailand 4 Puchung Life
come, China 4 Itebai
Kungduli, China 4 Sunward, China 4 DCP Japan |
|
Certifications |
NIL |
|
Group Name |
4 Tazan Group |
|
Subsidiaries /
Affiliates |
4 Tazan Agro
Limited |
|
Member |
4 Chittagong
Chamber of Commerce & Industreis, Chittagong |
COMMENTS
The subject is a proprietorship concern engaged in importing
& selling of poultry, dairy & fisheries products in the local market.
The proprietor is 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.45.90 |
|
UK Pound |
1 |
Rs.74.31 |
|
Euro |
1 |
Rs.65.41 |
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.