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Report Date : |
03.11.2012 |
IDENTIFICATION DETAILS
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Name : |
EON AGRO INDUSTRIES LIMITED |
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Registered Office : |
53, Mohakhali C/A, Dhaka-1212 |
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Country : |
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Date of Incorporation : |
11.06.2002 |
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Com. Reg. No.: |
C-46053 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Importer & Seller of Crop Protection Products |
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No. of Employees : |
275 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Bangladesh |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Bangladesh - ECONOMIC OVERVIEW
The economy has grown 5-6% per year since 1996 despite political instability, poor infrastructure, corruption, insufficient power supplies, and slow implementation of economic reforms. Bangladesh remains a poor, overpopulated, and inefficiently-governed nation. Although more than half of GDP is generated through the service sector, 45% of Bangladeshis are employed in the agriculture sector with rice as the single-most-important product. Bangladesh's growth was resilient during the 2008-09 global financial crisis and recession. Garment exports, totaling $12.3 billion in FY09 and remittances from overseas Bangladeshis, totaling $11 billion in FY10, accounted for almost 12% of GDP.
|
Source : CIA |
|
Name |
Eon Agro Industries Limited |
|
Address |
53, Mohakhali
C/A, Dhaka-1212 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-9860231,
9897865 |
|
Fax No |
880-2-8825481 |
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E-Mail |
|
|
Website |
|
|
Established |
2000 |
|
Company Registration No |
C-46053 |
|
Registration date |
11th June 2002 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The
Registrar of Joint Stock Companies & Firms, Dhaka |
|
Business Type |
Importer &
Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
|
Head Office |
53,
Mohakhali C/A, Dhaka-1212 |
|
Telephone No |
880-2-9860231,
9897865 |
|
Fax No |
880-2-8825481 |
|
E-Mail |
|
|
Website |
|
|
Branch |
NIL |
|
Factory |
NIL |
|
Factory Tel No |
NIL |
|
Factory Fax No |
NIL |
|
Warehouse |
53, Mohakhali C/A,
Dhaka-1212 |
|
Mr. Momin Ud Dowlah |
|
|
Designation |
Chairman & Managing Director |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mrs. Syeda Dowlah |
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Designation |
Director |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Tanim Ud Dowlah |
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Designation |
Director |
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Nationality |
Bangladeshi |
|
Name |
Mr. Momin Ud
Dowlah |
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Share Percent |
40% |
|
Country |
Bangladeshi |
|
|
|
|
Name |
Mrs. Syeda
Dowlah |
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Share Percent |
30% |
|
Country |
Bangladeshi |
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|
|
|
Name |
Mr. Tanim Ud
Dowlah |
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Share Percent |
30% |
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Country |
Bangladeshi |
|
Line of Business |
Importer &
Seller |
|
Items Dealing In |
Crop Protection
Products |
|
Terms of Purchase |
Import: Against L/C, Cash |
|
Terms of Sale |
Local: Cash or Credit, L/C |
|
Name |
AB Bank Limited |
|
Branch |
Mohakhali Branch |
|
Address |
Mohakhali C/A, Dhaka |
|
SWIFT |
N/A |
|
|
|
|
Name |
Islami Bank (BD) Limited |
|
Branch |
Mohakhali Branch |
|
Address |
Mohakhali C/A, Dhaka |
|
SWIFT |
N/A |
|
|
|
|
Name |
Standard
Chartered Bank |
|
|
|
|
Name |
Sonali Bank |
(Amt. In Bangladesh Currency)
|
Particulars
|
|
31.03.2012 |
|
Sales Turnover |
|
34 Crores |
Expected Sales (2012-2013):- 45 Crores
Information Parted
By:
Name : Mr. Shamsujjoha
Designation : General Manager
Mobile No. : 880-2-9860231
Date : 02.11.2012
|
Authorized
Capital |
Tk.20 million |
|
Paid Up Capital |
Tk.250,000.00 |
|
Each Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
131.1049 |
|
U.S Dollar |
1 |
81.2600 |
|
European Euro |
1 |
105.3211 |
|
Dishonored
Checks |
No Found |
|
Debt |
No Found |
|
Litigation |
No Records Found |
|
Performance
Defaults |
No Records Found |
|
Adverse Press
Coverage |
No Records Found |
|
Money Laundering |
No Records Found |
|
Employees |
275 |
|
Type of
customers |
End Users |
|
Office Area (Sq.
Ft) |
2,000 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
N/A |
|
Range of
Products |
4 Insecticide 4 Insecticide(PHP) 4 Rodenticide 4 Fungicide & Bactericide 4 Fungicide 4 Fungicide & Miticide 4 Herbicide 4 Nutrient 4 Seeds |
|
Major Foreign
Principals |
4 Trouw Nutrition International, a
Nutreco Company, The Netherlands 4 Selko B.V., The Netherlands 4 PCS Sales Corporations, USA 4 Bio Veta, Czech Republic 4 United Promotions Inc., USA 4 Bentoli Inc., USA 4 Danisco Animal Nutrition,
Finland 4 QL Resources Berhad, Malaysia 4 Cipla Limited, India 4 Nutri Ad, Belgium 4 Monsanto, USA 4 Algate Development Ltd.,
Singapore |
|
Import Country |
· China India Singapore |
|
Certifications |
NIL |
|
Group Name |
4 EON Group |
|
Subsidiaries /
Affiliates |
4 Eon Animal Health Products Limited 4 Eon Pharmaceuticals Limited 4 Euro Feeds Limited 4 Execl Feeds Limited 4 Tiger Brand Feeds Limited 4 Eon InfoSys Technology Limited 4 Eon Foods & Consumer Care Limited 4 Eon Poultry Complex Limited 4 Eon Bio Science Limited 4 Eon Trading House 4 Progressive Pest Management 4 Adhunik Krishi Khamar (agriculture magazine) 4 Eon Foundation (CSR Entity) 4 Nurul Iman Foundation (CSR Entity) |
|
Member |
4 Bangladesh Crop
Protection Association 4 Dhaka Chamber
of Commerce and Industries, Dhaka |
|
Auditors |
Rehman Musta Siz Hau & Company Chartered Accountants |
|
Business Scale |
Fairly Large |
|
Business Trend |
Growing |
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Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.66 |
|
UK Pound |
1 |
Rs.86.37 |
|
Euro |
1 |
Rs.69.24 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
|
<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.