MIRA INFORM REPORT
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Report Date : |
04.04.2012 |
IDENTIFICATION DETAILS
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Name : |
PARAGON POULTRY LIMITED |
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Registered Office : |
Paragon House, 5 Mohakhali C/A, Gulshan,
Dhaka-1212 |
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Country : |
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Date of Incorporation : |
07.06.1993 |
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Com. Reg. No.: |
C-24033 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Producing & Selling of Day Old Chicks & Others |
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No. of Employees
: |
230 |
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$ 22,000.00 |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
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Name |
Paragon Poultry Limited |
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Address |
Paragon House, 5
Mohakhali C/A, Gulshan, Dhaka-1212 |
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Country |
Bangladesh |
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Telephone No |
880-2-9882107-8,
9887242 |
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Fax No |
880-2-8821394 |
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E-Mail |
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Website |
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Established |
June 1993 |
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Company Registration No |
C-24033 |
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Registration date |
7th
June, 1993 |
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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 |
Producer & 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. |
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Head Office |
Paragon House, 5
Mohakhali C/A, Gulshan, Dhaka-1212 |
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Telephone No |
880-2-9882107-8,
9887242 |
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Fax No |
880-2-8821394 |
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E-Mail |
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Website |
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Branch |
NIL |
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Farm Address |
4 Chamiadi, Valuka, Mymensingh 4 Baniarchala, Bhabanipur, Gazipur |
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Factory Telephone No |
N/A |
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Factory Fax No |
N/A |
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Warehouse |
4 Chamiadi, Valuka, Mymensingh 4 Baniarchala,
Bhabanipur, Gazipur |
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Name |
Mr. Moshiur
Rahman |
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Designation |
Chairman & Managing Director |
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Nationality |
Bangladeshi |
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Name |
Mrs. Yasmin Rahman |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Moshiur
Rahman |
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Share Percent |
60% |
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Nationality |
Bangladeshi |
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Name |
Mrs. Yasmin Rahman |
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Share Percent |
40% |
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Nationality |
Bangladeshi |
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Line of Business |
Producing & Selling |
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Items Dealing In |
Day Old Chicks & Others |
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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 |
|
Name |
Al-Arafa Islami
Bank Limited |
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Branch |
Main Branch |
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Address |
Motijheel Commercial Area, Dhaka |
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SWIFT |
N/A |
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Name |
Shahjalal 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 |
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Year |
2010 |
2009 |
2008 |
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Investment |
Tk.16 million |
Tk.14 million |
Tk.14 million |
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Turnover |
Tk.118 million |
Tk.115.7 million |
Tk.115 million |
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Liability |
NIL |
NIL |
NIL |
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Assets |
Tk.28 million |
Tk.26 million |
Tk.26 million |
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Authorized Capital |
Tk.10 million |
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Paid Up Capital |
Tk.100, 000.00 |
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Each Share Value |
Tk.100.00 |
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Currency |
Unit |
Bangladeshi Taka (BDT) |
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Great Britain Pound |
1 |
131.2062 |
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U.S Dollar |
1 |
81.8300 |
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European Euro |
1 |
109.0630 |
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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 |
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Amount |
Based On |
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US$ 22,000.00 |
90 Days |
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Employees |
230 |
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Range of
Products |
4 Hubbard Classic
day old broiler chicks 4 Hubbard Flex
day old broiler chicks 4 Novogen Layer
DOC 4 Eggs |
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Major
Clients |
4 Local Poultry
Farms 4 Local
Hatchery |
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Technical
Support From |
4 BETCO, USA 4 ROXELL, Belgium 4 JAMESWAY,
Canada |
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Certifications |
NIL |
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Group Name |
4 Paragon
Group |
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Subsidiaries /
Affiliates |
4 Paragon Agro Ltd 4 Paragon Press Ltd 4 Paragon Plast Fiber Ltd 4 Usha Poultry Ltd 4 Chittagong Chicks Ltd 4 Rangpur Poultry Ltd 4 Parasol Energy Ltd 4 Malek Spinning Ltd 4 Paragon Feed Ltd 4 Hazinagar Tea Estate 4 Rahmania Tea Estate 4 Poultry Care Lab 4 Jessore Feed Ltd |
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Member |
4 Dhaka Chamber
of Commerce & Industries, Dhaka |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.56 |
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UK Pound |
1 |
Rs.81.05 |
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Euro |
1 |
Rs.67.49 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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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 |
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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.