MIRA INFORM REPORT

 

 

Report Date :

07.05.2014

 

IDENTIFICATION DETAILS

 

Name :

PRAN-RFL CENTRE

 

 

Registered Office :

105/1, Ga, Middle Badda, Dhaka-1212

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

2011

 

 

Legal Form :

Corporate Head Office  

 

 

Line of Business :

Subject is mainly engaged in Office Space Rented.

 

 

No. of Employees :

30000

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Slow

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 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

Bangladesh

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

BANGLADESH - ECONOMIC OVERVIEW

 

Bangladesh's economy has grown roughly 6% per year since 1996 despite political instability, poor infrastructure, corruption, insufficient power supplies, slow implementation of economic reforms, and the 2008-09 global financial crisis and recession. Although more than half of GDP is generated through the service sector, almost half of Bangladeshis are employed in the agriculture sector with rice as the single-most-important product. Garment exports, the backbone of Bangladesh’s industrial sector and 80% of total exports, surpassed $21 billion last year, 18% of GDP. The sector has remained resilient in recent years amidst a series of factory accidents that have killed over 1,000 workers and crippling strikes that shut down virtually all economic activity. Steady garment export growth combined with remittances from overseas Bangladeshis, which totaled almost $15 billion and 13% of GDP IN 2013, are the largest contributors to Bangladesh’s current account surplus and record foreign exchange holdings.

 

Source : CIA

 

 

 

 

 EXECUTIVE SUMMARY

 

                                                IDENTIFICATION DETAILS

 

Correct company Name

:

PRAN-RFL CENTRE

Head Office

:

105/1, Ga, Middle Badda, Dhaka-1212, Bangladesh.

Tel No

:

88-02-9881792-9, 8835546-50

Fax No

:

88-02-8837464

E-mail

:

op1@prangroup.com

amcl@prangroup.com

export@prangroup.com

mktg@prangroup.com

imports3@ prangroup.com

Website

:

www.pranfoods.net

Date/ Year of Incorporation

:

2011

Incorporation No.

:

N/A

Legal Form (General)

:

 Public Listed Co        Public (but not listed)    Private Co   State-owned Co

 Sole Proprietorships   Commercial Building                     Not Registered

 others (please specify) ________________

Legal form (Specific)

:

LTD   CORP    INC  Corporate Head Office  

 others (please specify) ________________

Issuing Authority

:

Registrar of Joint Stock Companies & Firms      City Corporation

 Municipal Administration                                   N/A

 Cantonment Board                                              Chief Controller of  Import & Export (CCIE)

 

 

FINANCIALS- SUMMARY

      Year

Turnover/ Sales

 Assets

     Income

Commercial Building

N/A

N/A

N/A

Exchange Rate

USD1-Tk. 77.8200

EUR 1- Tk. 100.2711

GBP 1- Tk.118.5354

AUD 1 - Tk.82.8563

JPY 1 - Tk.0.9286

CAD 1 - Tk.80.1887

SEK 1 - Tk.12.2870

SGD 1 - Tk.65.3045

CNH 1 - Tk.12.8399

 

 

 

 

 

 

 

FULLCHECK REPORT DETAILS

 

                                                             Information Parted By

 

 

 

Name

:

Mr. Shaik Sajjad Hossain

Designation

:

General Manager.

Contract No

:

-

 

                                                               Locations Details

 

Operating Address

:

105/1, Ga, Middle Badda, Dhaka-1212, Bangladesh.

Tel No

:

88-02-9881792-9, 8835546-50

Fax No

:

88-02-8837464

E-mail

:

op1@prangroup.com

amcl@prangroup.com

export@prangroup.com

mktg@prangroup.com

imports3@ prangroup.com

Website

:

www.pranfoods.net

 

Location :

: Owned

Ö

 

Rented

 

 

Leased

 

Area

150000

Sq. ft.

 

 

Type of Office :

  :       Commercial Office Bldg.

Ö

 

Semi-commercial office Bldg.

 

     

Retail shop

 

 

Industrial Park

 

     

Business Center

 

 

Home Office

 

     

Residential Bldg.

 

 

 

 

 

 

 

Registered Address:

 

 

 

Address

:

Property Heights, 12 R.K. Mission Road, G.P.O. Box: 83, Dhaka-1203, Bangladesh.                                                                                                                                                                              

Tel No

:

88-02-9563126

Fax No

:

88-02-9559415

 

Branches:

 

 

 

 

 

Address

:

Nil

Tel No

:

Nil

Fax No

:

Nil

 

Group Employee:

 

 

 

No. of Employees 

 

In Office

:

30000

In Factory

:

-

In Branch:

:

-

Total

:

30000

Details:

 

                    

 

 

OWNERS

 

Names of Proprietor

               

:

 

Mr. Lt. Col. Mahtabuddin Ahmed (Retd.)-Chairman

Mr. Ahsan Khan Chowdhury-Managing Director

Mr. May. Gen. Amzad Khan Chowdhury (Retd.) -Director

Mrs. Sabiha Amjad –Director

Ms. Uzma Chowdhury, Director

 

 

GROUP MANAGEMENT

 

Name

:

Mr. Shaik Sajjad Hossain

Job Description

:

General Manager.

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

 

BUSINESS OPERATIONS

 

Nature of Activity       :

Office Space

Ö

Trader

 

Dealer

 

Distributor

 

 

 

 

Exporter

 

Importer

 

Services

 

Others

 

 

 

Item Dealings In:

 

Products

:

Office Space Rented      

Group Product

:

Juices, Drinks, Mineral Water, Bakery, Carbonated beverages, Snacks, Culinary, Confectionery, Biscuits & Dairy, Plastics, Beverage & Confectionery Items.

Number of Storied                                   

:

15

Number of Basement                           

:

2 Nos

 

Trading Terms:

 

Purchasing Terms:

L/C

N/A

Cash

 

Others

 

 

 

Credit :

 

30 days

 

60 days

 

90 days

 

 

days

 

Selling Terms      :

L/C

N/A

Cash

 

Others

 

 

 

Credit :

 

30 days

 

60 days

 

90 days

 

 

days

 

 

DETAILED DATA

 

Trade Reference & Related Parties

:

 

Overseas Clients

:

N/A

Local Clients

:

N/A

 

Overseas Suppliers

:

N/A

Local Suppliers

:

N/A

 

Trade Markets

 

:

 

Exports

:

N/A

 

Imports

:

N/A

 

 

 

Brand Name

:

N/A

Certified

:

N/A

Auditors

:

N/A

Operation Status

:

Active.

Member

:

N/A

 

 

CAPITAL STRUCTURE

 

Capital Invested

:

Tk. 100 Crore.

 Assets

:

N/A

 

 

 

 

GROUP ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES

 

Group companies

:

Banga Plastic International Ltd.

Banga Building Material Ltd.

Pran Agro ltd.

Pran Dairy Ltd.

Pran Foods Ltd.

Rangpur Foundry Ltd.

Bangladesh Lift Industries Ltd.

Agricultural Marketing Co. Ltd

Durable Plastic Ltd.

Rangpur Industries

RFL Electronics

Regal Furniture

Allplast Bangladesh Ltd

Subsidiary

:

N/A

Name of  The Group

:

Pran-Rfl Group

 

GROUP BANKING

 

Bank Name   

:

Arab Bangladesh Bank Ltd.

Bank Address

:

Principal Branch,

30-31, Dilkusha C/A, Dhaka

Tel: 9560312-6, 9560887-8

E-mail: pbbrmg@abbank.com.bd                                                                                          

 

Bank Name  

:

Hong Kong Shanghai banking Corporation

Bank Address

:

Dhaka Main Office

Anchor Tower, 108, Bir Uttam C R Dutta Road,

Dhaka – 1205, Bangladesh

Tel: 88-02-9660536-43

Fax: 8802- 9660554, 9669457

 

 

Bank Name  

:

Standard Chartered Bank                                                                    

Bank Address

:

Alico Building,

18-20 Motijheel C/A

 

 

ADVERSE DATA MONITORING

 

Dishonored Checks           

 

:     

No Record Found         

Debt

 

:

No Record Found

Litigation  

                   

:

Clear         

Performance Defaults

 

:

No Record Found         

Adverse Local Media Coverage/ Adverse Filling History

:

No Record Found

 

 

SITE VISIT COMMENTARY

 

Our Representative Visited the subject company Head office which is situated at 105/1, Ga, Middle Badda, Dhaka-1212, Bangladesh. The subject company General Manager Mr. Shaik Sajjad Hossain welcome us & given us all information. Its office is well decorated.

GENERAL COMMENTS

 

Established in 2011, Subject is mainly engaged in Office Space Rented.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.20

UK Pound

1

Rs.101.68

Euro

1

Rs.83.55

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NNA

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.