MIRA
INFORM REPORT
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Report Date : |
21.09.2011 |
IDENTIFICATION DETAILS
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Name : |
ACI GODREJ AGROVET PRIVATE LIMITED |
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Registered Office : |
ACI Center, 245, Tejgaon Industrial Area, Dhaka 1208 |
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Country : |
Bangladesh |
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Date of Incorporation : |
06.06.2004 |
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Com. Reg. No.: |
C-54555 |
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Legal Form : |
Private Limited |
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Line of Business : |
Manufacturer,
Producer & Seller of Feed & Day Old Chicks |
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$ 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 |
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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
|
Name |
ACI Godrej
Agrovet Private Limited |
|
Address |
ACI Center, 245,
Tejgaon Industrial Area, Dhaka 1208 |
|
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 |
info@acigodrejagrovet.com |
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Website |
www.acigodrejagrovet.com |
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Established |
2004 |
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Company Registration No |
C-54555 |
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Registration date |
6th June 2004 |
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Legal Status |
Private Limited |
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Issuing Authority |
The Registrar of
Joint Stock Companies & Firms, Dhaka |
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Business Type |
Manufacturer & Seller |
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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
|
Head Office |
Road No.07,
House No.35/E, Block : G, Banani, Dhaka 1213, 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 |
info@acigodrejagrovet.com |
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Website |
www.acigodrejagrovet.com |
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Corporate Office |
ACI Center, 245,
Tejgaon Industrial Area, Dhaka 1208 |
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Factory |
Feed Mil: Nollker
More, Bhadraghat, Sirajganj Hatchery: Joynabazar,
Gazipur Breeding Farm: Panchagarh |
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Factory Telephone No |
N/A |
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Factory Fax No |
N/A |
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Warehouse |
Feed Mil: Nollker
More, Bhadraghat, Sirajganj Hatchery: Joynabazar,
Gazipur Breeding Farm: Panchagarh |
DIRECTORS
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Name |
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Designation |
Chairman |
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Nationality |
Bangladeshi |
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Name |
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Designation |
Managing Director |
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Nationality |
Indian |
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Name |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
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Designation |
Director |
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Nationality |
Indian |
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Name |
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Designation |
Director |
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Nationality |
Indian |
SHAREHOLDERS
|
Name |
ACI Limited |
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Share Percentage |
50% |
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Country |
Bangladesh |
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Name |
Godrej Agrovet Limited |
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Share Percentage |
50% |
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Country |
India |
BUSINESS DETAILS
|
Line of Business |
Manufacturer, Producer & Seller |
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Items Dealing In |
Feed & Day Old Chicks |
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Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
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Terms of Sale |
Local: Cash or Credit |
BANKERS
|
Name |
Standard Chartered Bank |
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Branch |
Dilkusha Branch |
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Address |
Dilkusha Commercial Area, Dhaka |
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SWIFT |
N/A |
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Name |
Mutual Trust Bank Limited |
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Branch |
Local Office Branch |
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Address |
Motijheel Commercial Area, Dhaka |
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SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2010 |
2009 |
2008 |
|
Investment |
Tk.58 million |
Tk.55 million |
Tk.55 million |
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Turnover |
Tk.410 million |
Tk.408.4 million |
Tk.408 million |
|
Liability |
NIL |
NIL |
NIL |
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Assets |
Tk.65 million |
Tk.62 million |
Tk.62 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.50 million |
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Paid Up Capital |
Tk.3 million |
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Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
118.3065 |
|
U.S Dollar |
1 |
75.1200 |
|
European Euro |
1 |
102.8618 |
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$ 30,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
500 |
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Office Area (Sq.
Ft) |
2,500 Sq.ft (own) |
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Factory Area
(Sq. Ft) |
78 acres of land (Own) |
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Warehouse Area
(Sq. Ft) |
20,500 Sq.ft (own) |
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Range of
Products |
4 Poultry Feed 4 Fish Feed 4 Cattle Feed 4 Shrimp Feed 4 Day old
Chicks |
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Certifications |
NIL |
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Group Name |
4 ACI Group |
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Subsidiaries /
Affiliates |
4 ACI Limited 4 ACI
Formulations Limited 4 Apex Leather
Crafts Limited 4 ACI Salt
Limited 4 ACI Pure Flour
Limited 4 ACI Foods
Limited 4 Premiaflex
Plastics Limited 4 Creative
Communication Ltd. 4 ACI Motors Limited 4 ACI Logistics
Limited 4 Tetley ACI
(Bangladesh) Ltd. 4 Asian Consumer
Care (Pvt.) Ltd. 4 ACI Consumer
Electronics |
|
Member |
4 Dhaka Chamber
of Commerce & Industry, Dhaka |
COMMENTS
The subject is a private limited company engaged in
manufacturing, producing & selling Poultry, Fish, Cattle, and Shrimp Feed
manufacturing and Day Old Chicks. The subject was was established as a
Joint-venture company formed by Godrej Agrovet Ltd a reputed company belonging
to Godrej Group of India and ACI Limited, Dhaka, a highly respected corporate
of Bangladesh.
The directors are experienced people in this line of trade.
They are reported to be financially healthy and strong in their business
commitments.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.22 |
|
|
1 |
Rs.75.63 |
|
Euro |
1 |
Rs.65.64 |
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 |
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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 |
-- |
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.