|
Report Date : |
17.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
ADVANCE ANIMAL SCIENCE COMPANY LIMITED |
|
|
|
|
Registered Office : |
Khaja Monjil, 2/10 Block-B, Lalmatia,
Dhaka-1207 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
04.10.1999 |
|
|
|
|
Com. Reg. No.: |
C-38745 |
|
|
|
|
Legal Form : |
Private Limited
Company |
|
|
|
|
Line of Business : |
Importer & Distributor of Veterinary Medicines & Others |
|
|
|
|
No. of Employees : |
190 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
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 – 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 |
Advance Animal Science
Company Limited |
|
Address |
Khaja Monjil, 2/10 Block-B, Lalmatia, Dhaka-1207 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-8158965,8158967,
8158968 |
|
Fax No |
880-2-8112183 |
|
E-Mail |
aasco@bangla.net |
|
Website |
|
|
Established |
October
1999 |
|
Company Registration No |
C-38745 |
|
Registration date |
4th
October 1999 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of
Joint Stock Companies & Firms, Dhaka |
|
Business Type |
Importer & Distributor |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
|
Head Office |
Khaja Monjil, 2/10 Block-B, Lalmatia, Dhaka-1207 Location : Rented Area: 800 Sq.fts |
|
Telephone No |
880-2-8158965,8158967,
8158968 |
|
Fax No |
880-2-8112183 |
|
E-Mail |
aasco@bangla.net |
|
Website |
|
|
Branch |
Khalil Mansion, 149/4, DIT Extension Road,
Motijheel Commercial Area, Dhaka-1000 |
|
Sales Centre |
4 Lalmatia - Dhaka 4 Uttara - Dhaka 4 Motijheel - Dhaka 4 Gazipur 4 Maona 4 Savar 4 Mymensingh 4 Narsingdi 4 Faridpur 4 Dinajpur 4 Rangpur 4 Bogra 4 Pabna 4 Khulna 4 Chuadanga 4 Barisal 4 Hobiganj 4 Chittagong 4 Noakhali 4 Comilla 4 Jamalpur |
|
Factory |
N/A |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
Khaja Monjil, 2/10 Block-B, Lalmatia, Dhaka-1207 |
|
Name |
Mrs. Naheed Jahan |
|
Designation |
Chairman |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Dr. Munzur
Mushid Khan |
|
Designation |
Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Dr. M. Aminul
Hoque |
|
Designation |
Executive Director |
|
Nationality |
Bangladeshi |
|
Line of Business |
Importer & Distributor |
|
Items Dealing In |
Veterinary
Medicines & Others |
|
Terms of Purchase |
Import: Against L/C, Cash, Credit |
|
Terms of Sale |
Local: Cash or Credit |
|
Name |
National Bank
Limited |
|
Branch |
Dilkusha Branch |
|
Address |
Dilkusha Commercial Area, Dhaka |
|
SWIFT |
N/A |
|
|
|
|
Name |
Pubali Bank
Limited |
|
Branch |
Main Branch |
|
Address |
Motijheel Commercial Area, Dhaka |
|
|
|
|
Name |
Trust Bank |
|
Branch |
Dhaka Branch |
|
|
|
|
Name |
AB Bank Limited |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.24 million |
Tk.24 million |
Tk.22 million |
|
Turnover |
Tk.185.8 million |
Tk.185 million |
Tk.184.6 million |
|
Liability |
NIL |
NIL |
Tk.0.8 million |
|
Assets |
Tk.28 million |
Tk.28 million |
Tk.25 million |
|
Authorized
Capital |
Tk.10 million |
|
Paid Up Capital |
Tk.100,000.00 |
|
Each Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
130.1521 |
|
U.S Dollar |
1 |
81.3400 |
|
European Euro |
1 |
104.7741 |
|
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 |
190 |
|
Office Area (Sq.
Ft) |
800 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
1,500 sq.ft.(rented) |
|
Types of
Customers |
End Users |
|
Auditor |
Shagndas & Company |
|
Range of
Products |
4 Veterinary
Medicine & Vaccines 4 Animal Nutrition products 4 Chemical & Disinfectants 4 Feed Additives 4 Premixes 4 Farm Equipment & Machineries 4 Poultry Parent Stocks 4 Aquaculture Products |
|
Import |
Product · Veterinary Medicine Country · France UK USA Italy China UK Singapore |
|
Major Foreign
Principals |
4 MERIAL 4 ADISSEO 4 LOHMANN 4 ADM 4 OU PONT 4 COOPHAVET 4 ANIGEN 4 UNIPOINT AG 4 ChemoForma 4 IFFCO 4 BIOPHARM 4 EURODUNA |
|
Certifications |
NIL |
|
Group Name |
NIL |
|
Subsidiaries /
Affiliates |
4 Bio-Health Company Limited 4 Advance Poultry Breeders Limited 4 Advance Diagnostic Laboratories 4 R.P. Animal Health Company |
|
Member |
4 Dhaka Chamber
of Commerce & Industry, Dhaka 4 Animal Health
Companies Association of Bangladesh (AHCAB) |
Information Parted
By:
Name : Dr. Munzur Mushid Khan
Designation : Managing Director
Date : 15.10.2012
|
Business Scale |
Fairly Large |
|
Business Trend |
Growing |
|
Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.82 |
|
UK Pound |
1 |
Rs.84.96 |
|
Euro |
1 |
Rs.68.61 |
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 |
|
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.