|
Report Date : |
11.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
NOURISH GRAND PARENT LIMITED |
|
|
|
|
Registered Office : |
Takia Center (4th Floor), Plot#39, Sonargaon
Janapath Road, Sector# 7, Uttara, Dhaka-1230 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
25.12.2006 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Breeder of Parent Stock Like Cobb-500
PS. |
|
|
|
|
No of Employees : |
128 |
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Bangladesh |
B1 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
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 |
: |
NOURISH GRAND PARENT LIMITED |
|
Head Office |
: |
Takia Center (4th Floor), Plot#39, Sonargaon Janapath
Road, Sector# 7, Uttara, Dhaka-1230, Bangladesh. |
|
Tel No |
: |
88-02-7913023-7, 7911468 |
|
Fax No |
: |
88-02-7913022 |
|
E-mail |
: |
info@khaled-group.com, nourish@dhaka.net |
|
Website |
: |
www.nourish-poultry.com |
|
Date/ Year of Incorporation |
: |
25.12.2006 |
|
Incorporation No. |
: |
C-64957
|
|
Legal Form (General) |
: |
Public Listed Co Public (but not listed) Private Co State-owned Co Sole Proprietorships 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) |
FINANCIALS- SUMMARY
|
||||
|
Year |
Turnover/
Sales |
Assets |
Income |
|
|
July’ 12~June’ 13 |
Tk. 185 Million |
Tk. 18 Million |
Tk. 3.62 Million |
|
|
July’ 13~June’ 14 |
Tk. 221 Million |
Tk. 24.56 Million |
Tk. 8.84 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 |
||
FULLCHECK
REPORT DETAILS
|
||
|
Information Parted By |
||
|
|
|
|
|
Name |
: |
Mr. Md. Ruhul
Amin |
|
Designation |
: |
Senior Manager
(Finance) |
|
Contract No |
: |
N/A |
Locations Details
|
||
|
|
||
|
Business Address |
: |
Takia Center (4th Floor), Plot#39, Sonargaon Janapath Road, Sector# 7,
Uttara, Dhaka-1230, Bangladesh. |
|
Tel No |
: |
88-02-7913023-7, 7911468 |
|
E-mail |
: |
88-02-7913022 |
|
Fax No |
: |
info@khaled-group.com, nourish@dhaka.net |
|
Website |
: |
www.nourish-poultry.com |
|
Location : |
: Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
|
Sq. ft. |
|
Type of Office : |
:
Commercial Office Bldg. |
Ö |
|
Semi-commercial
office Bldg. |
|
|
|
Retail shop |
|
|
Industrial Park |
|
|
|
|
Business Center |
|
|
Home Office |
|
|
|
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Residential Bldg. |
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|
|
|
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Farm Address: |
||
|
|
|
|
|
Address |
: |
Bhaktoral, Notun Hat, Boda, Panchagar,
Bangladesh. |
|
Tel No |
: |
N/A |
|
Fax No |
: |
N/A |
|
Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
30 |
Acores |
|
Branches: |
|
|
|
|
|
|
|
Address |
: |
N/A |
|
Tel No |
: |
N/A |
|
Fax No |
: |
N/A |
|
Location : |
Owned |
|
|
Rented |
|
|
Leased |
|
Area |
|
Sq. ft. |
|
Employee: |
|
|||||||
|
|
|
|||||||
|
No. of Employees |
In Office |
: |
20 |
In Factory |
: |
108 |
||
|
In Branch: |
: |
|
Total |
: |
128 |
|||
|
Details: |
|
|
|
|||||
OWNERSHIP/SHAREHOLDERS
|
|
|
Names of Shareholders |
No. of
Share |
|
Mr. Nazmul Ahshan Khaled |
2000 |
|
Mr. Saidus Salehin Khaled |
2000 |
|
Mr. Shamsul Arefen Khaled |
2000 |
|
Mr. Shiful Arefen Khaled |
2000 |
|
Shahina Ferdous Khaled |
2000 |
DIRECTORS
|
|
|
Name |
Designation |
|
Mr. Nazmul Ahshan Khaled |
Managing Director |
|
Mr. Saidus Salehin Khaled |
Director |
|
Mr. Shamsul Arefen Khaled |
Director |
|
Mr. Shiful Arefen Khaled |
Director |
|
Shahina Ferdous Khaled |
Director |
MANAGEMENT
|
||
|
Name |
: |
Mr. Md. Ruhul
Amin |
|
Job Description |
: |
Senior Manager
(Finance) |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
N/A |
|
Other details |
: |
N/A |
|
|
|
|
BUSINESS
OPERATIONS
|
||||||||
|
Nature of Activity : |
Manufacturer |
|
Trader |
|
Dealer |
|
Distributor |
|
|
|
|
|||||||
|
|
Exporter |
|
Importer |
|
Services |
|
Breeder |
Ö |
|
Item Dealings
In: |
||
|
|
||
|
Products |
: |
Parent Stock Like Cobb-500 PS. |
|
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 |
: |
China, India. |
|
|||||||
|
|
|
|||||||||
|
Brand Name |
: |
N/A |
||||||||
|
Certified |
: |
N/A |
||||||||
|
Auditors |
: |
N/A |
||||||||
|
Operation Status |
: |
Active |
||||||||
|
Member |
: |
Nil |
||||||||
CAPITAL STRUCTURE
|
|
||||||||
|
Authorized
Capital |
: |
Tk. 10 Million |
|
||||||
|
Paid-up Capital |
: |
Tk. 10,00,000 |
No. of Shares |
: |
10000 |
Share
Value |
: |
Tk.100.00Each |
|
|
Main Assets |
: |
Tk. 24.56 Million |
|
||||||
FINANCIAL
STATEMENT- DETAILED
|
|
The subject company don’t submit update
financial figure to local registry office. |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
|
||
|
Sister Concerns |
: |
Nourish Poultry & Hatchery Ltd. Artisan Enterprise Ltd. Nourish Feeds Ltd. Nourish Agro Products Ltd. Nourish Grant Parent Ltd. Telnet Communication Ltd. Bass Computronics Ltd. Moonlight Garments Limited Ehsan Garments Ltd. Mohammadi Navigation Ltd. Engineering Enterprise Ltd. Khaled Shipping Lines Ltd. Webware Mapwork |
|
Subsidiary |
: |
Nil |
|
Name of The Group |
: |
Khaled Group of Companies |
BANKING
|
|
|
|
Bank Name
|
: |
Shahjalal Islami
Bank Ltd. |
|
Bank Address |
: |
Dhaka Main Branch 58 Dilkusha C/A, Dhaka-1000 Phone: 02-9570795-8, 9570805 Fax: 02-9556011 Email: sblmain@shahjalalbank.com.bd |
|
|
||
|
Bank Name
|
: |
Islami Bank Bangladesh Ltd.
|
|
Bank Address |
: |
Dhanmondi Branch, Nilu Squire, Sat Masjid Road, Dhanmondi R/A, Dhaka-1209 Phone: (02) 9125316, 9129333 Mobile: 01711-693937, 01714-093290 Email: dhanmondi@islamibankbd.com |
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 Takia Center (4th Floor), Plot#39, Sonargaon Janapath
Road, Sector# 7, Uttara, Dhaka-1230, Bangladesh. It is situated at
residential area & their office is well-furnished. Their Senior Financial
Manager Mr. Md. Ruhul Aminreceived us & given us all information. |
GENERAL
COMMENTS
|
|
SC is considered medium-sized in its line with fairly stable financial
conditions. A credit line up to USD 75,000 would appear to be within SC’s
capacities. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.45 |
|
|
1 |
Rs.97.76 |
|
Euro |
1 |
Rs76.68 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.