|
Report Date : |
30.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
AMAN BREEDERS
LIMITED |
|
|
|
|
Registered Office : |
House# 2, Ishakha Avenue, Sector# 6, Uttara, Dhaka-1230 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
06.06.2012 |
|
|
|
|
Com. Reg. No.: |
C-102288 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
engaged in
Chicken Breeders |
|
|
|
|
No of Employees : |
40 (5 in Office & 35 in Factory) |
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 But Correct |
|
|
|
|
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 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate 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 |
IDENTIFICATION
DETAILS
|
||
|
|
||
|
Correct
Company Name |
: |
Aman Breeders Limited |
|
Head
Office |
: |
House# 2, Ishakha Avenue, Sector# 6, Uttara,
Dhaka-1230, Bangladesh |
|
Tel
No |
: |
88-02-7911691-3, 01926665055 |
|
Fax
No |
: |
88-02-8920510 |
|
E-mail |
: |
|
|
Website |
: |
|
|
Date/
Year
of Incorporation |
: |
06/06/2012 |
|
Incorporation No. |
: |
C-102288 |
|
Legal
Form (General) |
: |
Public Listed Co Public (but not listed) Private Co
State-owned Co Sole
Proprietorship Partnership Not
Registered others (please specify) ________________ |
|
Legal
form (Specific) |
: |
LTD CORP
INC CO
others (please specify) ________________ |
|
Issuing
Authority |
: |
Registrar
of Joint Stock Companies & Firms City
Corporation Municipal Administration Union Council Cantonment Board Chief Controller of Import & Export (CCIE) |
|
Year |
Turnover/ Sales |
Assets |
Income |
|
31st
December 2013 |
Tk. 220 Million |
Tk. 35.40 Million |
Tk. 4.75 Million |
|
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 |
|
Information
Parted By
|
||
|
|
|
|
|
Name |
: |
Mr. Enamul Hasan |
|
Designation |
: |
Commercial
Manager |
|
Contact No |
: |
88-01926665121 |
Locations
Details
|
||
|
|
||
|
Operating
Address |
: |
House# 2, Ishakha Avenue, Sector# 6, Uttara,
Dhaka-1230, Bangladesh |
|
Tel
No |
: |
88-02-7911691-3, 01926665055 |
|
Fax
No |
: |
88-02-8920510 |
|
E-mail |
: |
|
|
Website |
: |
|
|
Location : |
: Owned |
|
|
Rented |
Ö |
|
Leased |
|
Area |
4500 |
Sq. ft. |
|
Type of Office : |
: Commercial Office Bldg. |
Ö |
|
Semi-commercial
office Bldg. |
|
|
|
|
Retail shop |
|
|
Industrial Park |
|
|
|
|
Business Center |
|
|
Home Office |
|
|
|
|
Residential
Bldg. |
|
|
|
|
|
|
|
Factory: |
|
|
|
|
|
|
|
Address |
: |
Badhair, Prokash Nagar, Tanore Rajshahi,
Bangladesh |
|
Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
10 |
Acores |
|
Operating Office |
|
|
|
|
|
|
|
Address |
: |
Ali Bhavan (5th
Floor), 9 Rajuk Avenue, Motijheel
C/A, Dhaka-1000, Bangladesh |
|
Tel
No |
: |
88-02-9563066, 9578365 |
|
Fax
No |
: |
88-9578366 |
|
Employee: |
|
|||||||
|
|
|
|||||||
|
No.
of Employees |
In
Office |
: |
5 |
In
Factory |
: |
35 |
||
|
In Branch: |
: |
- |
Total
|
: |
40 |
|||
|
Details: |
|
|
|
|||||
OWNERSHIP/SHAREHOLDERS |
||
|
Names of Shareholders |
No. of Share |
|
|
Mr. Md. Rafiqul
Islam |
100000 |
|
|
Mr. Md. Shofiqul
Islam |
50000 |
|
|
Mr. Md. Toufiqul
Islam |
50000 |
|
DIRECTORS
|
||
|
Name |
Designation |
|
|
Mr. Md. Rafiqul
Islam |
Chairman |
|
|
Mr. Md. Shafiqul
Islam |
Managing Director |
|
|
Mr. Md Toufiqul Islam |
Director |
|
MANAGEMENT
|
||
|
Name |
: |
Mr. Shamim Daud |
|
Job Description |
: |
Ass. Manager |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
N/A |
|
Other details |
: |
88- 01926665051 |
|
|
|
|
|
Name |
: |
Mr. Motiour Rahman |
|
Job Description |
: |
Officer |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
N/A |
|
Other details |
: |
88-01926665055 |
|
Name |
: |
Mr. Enamul Hasan |
|
Job Description |
: |
Commercial
Manager |
|
Nationality |
: |
Bangladeshi. |
|
Email address |
: |
N/A |
|
Other details |
: |
88-01926665121 |
|
Nature of
Activity : |
Manufacturer |
|
Trader |
|
Dealer |
|
Distributor |
|
|
|
|
|||||||
|
|
Breeders
|
Ö |
Importer |
|
Services |
|
Others |
|
|
Range of Products: |
||
|
|
||
|
Products |
: |
Chicken
|
|
Production
Capacity |
: |
N/A |
|
Last Year Production |
: |
N/A |
Trading Terms:
|
Purchasing
Terms: |
L/C |
Ö |
Cash |
|
Others |
|
|
|||
|
|
Credit
: |
|
30
days |
|
60
days |
Ö |
90
days |
|
|
days |
|
Selling
Terms : |
L/C |
|
Cash |
Ö |
Others |
|
|
|||
|
|
Credit
: |
Ö |
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 |
: |
India |
|
||||||||
|
|
|
||||||||||
|
Brand Name |
: |
Nil |
|||||||||
|
Certified |
: |
Nil |
|||||||||
|
Auditors |
: |
N/A |
|||||||||
|
Operation Status |
: |
Active |
|||||||||
|
Member |
: |
N/A |
|||||||||
CAPITAL
STRUCTURE
|
|
||||||||
|
Authorized Capital |
: |
Tk. 10 Crore |
|
||||||
|
Paid-up Capital |
: |
Tk. 20,00,000 |
No. of Shares |
: |
2,00,000 |
Share Value |
: |
Tk.10.00Each |
|
|
Main Assets |
: |
Tk. 35.40 Million |
|
||||||
FINANCIAL
STATEMENT- DETAILED
|
|
The subject company
don’t submit update full financial figure to local registry office. |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
|
||
|
Sister Concerns |
: |
Amantex Ltd. Aman Cotton Fibrous
Ltd. Aman Cement Mills
Ltd. Aman Cold Storage
Ltd. Milan Cold Storage
Ltd. Aman Agro
Industries Ltd. Aman Tissue Culture
Ltd. Aman Associates
Ltd. Aman Jute Fibrous
Ltd. Anwara Mannan
Textile Mills Ltd. Aman Plant Tissue
Culture Ltd. Islam Brothers
& Co Brothers Cement
Mills Ltd. Aman Trading
Corporation Aman Poultry &
Hatchery Ltd. Juvenile Trade
International Limited. RS&T
International Aman Plant Tissue
Culture Laboratories Juvenile
Construction Aman Plant Tissue
Culture Ltd. Aman Feed Ltd. Islam Brothers &
Company. A.M. Cold Storage
Ltd. Aman Seeds Storage
Ltd. |
|
Subsidiary |
: |
N/A |
|
Name of The Group |
: |
Aman Group |
|
Bank Name |
: |
Islami Bank Ltd. |
|
Bank Address |
: |
Rajshahi Branch Station Road (attached
with New Market), Rajshahi Mobile:01714-168915 |
|
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 House# 2, Ishakha Avenue,
Sector# 6, Uttara, Dhaka-1230, Bangladesh. The subject company Commercial Manager
Mr. Enamul Hasan given us all information. Is situated at Residential Area
which is a well decorated modern office. |
GENERAL COMMENTS |
|
Established in June 2012, Subject is mainly engaged
in Chicken Breeders. Having been in operation for 1 year, subject maintains acceptable business
volume. |
|
Adopted
Abbreviations: |
|||
|
NA- Not Available |
TK- Bangladeshi Taka |
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.84 |
|
UK Pound |
1 |
Rs.98.41 |
|
Euro |
1 |
Rs.80.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.