|
Report No. : |
354300 |
|
Report Date : |
17.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
BISWAS POULTRY AND
FISH FEEDS LIMITED |
|
|
|
|
Registered Office : |
Hatimara Road, Kashimpur, Gazipur-1746 |
|
|
|
|
Country : |
Bangladesh
|
|
|
|
|
Date of Incorporation : |
18.12.2002 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacturer and Distributor of Poultry Feed,
Fish Feed, Cattle Feed |
|
|
|
|
No. of Employees : |
100 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Bangladesh |
A2 |
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,
accounted for more than 80% of total exports and surpassed $18 billion in 2014.
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 $14 billion and 8%
of GDP in 2014 - are the largest contributors to Bangladesh's current account
surplus and rising foreign exchange holdings.
|
Source
: CIA |
IDENTIFICATION DETAILS
|
||
|
Correct company Name |
: |
BISWAS POULTRY AND FISH FEEDS LIMITED |
|
Head Office |
: |
Hatimara Road, Kashimpur, Gazipur-1746, Bangladesh |
|
Tel No |
: |
88-02-9297596-7, 9297770 |
|
Fax No |
: |
88-02-9297597 |
|
E-mail |
: |
bpssl01@gmail.com, bpffl01@gmail.com |
|
Website |
: |
www.bpffl-bd.com |
|
Date/ Year of Incorporation |
: |
18.12.2002 |
|
Incorporation No. |
: |
C-47898 |
|
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 |
FINANCIALS- SUMMARY
|
|||
|
Year |
Turnover/
Sales |
Assets |
Income |
|
31st
December, 2013 |
BDT 591 Million |
BDT 1591.01 Million |
BDT 28.25 Million |
|
31st
December, 2014 |
BDT 652 Million |
BDT 1647.50 Million |
BDT 36.37
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. Azad |
|
Designation |
: |
Assistant General
Manager |
|
Contract No |
: |
88-01730029005 |
|
Locations
Details |
||
|
Operating Address |
: |
Hatimara Road, Kashimpur, Gazipur-1346, Bangladesh |
|
Tel No |
: |
88-02-9297596-7, 9297770 |
|
Fax No |
: |
88-02-9297597 |
|
E-mail |
: |
bpssl01@gmail.com, bpffl01@gmail.com |
|
Website |
: |
www.bpffl-bd.com |
|
Location : |
: Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
10000 |
Sq. ft. |
|
Type of Office : |
:
Commercial Office Bldg. |
Ö |
|
Semi-commercial
office Bldg. |
|
|
|
Retail shop |
|
|
Industrial Park |
|
|
|
|
Business Center |
|
|
Home Office |
|
|
|
|
Residential Bldg. |
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Factory: |
|
|
|
|
|
|
|
Address |
: |
Hatimara Road, Kashimpur, Gazipur-1346,
Bangladesh |
|
Tel No |
: |
Nil |
|
Fax No |
: |
Nil |
|
Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
56,000 |
Sq. ft. |
|
Branches: |
|
|
|
|
|
|
|
Address |
: |
Nil |
|
Tel No |
: |
Nil |
|
Fax No |
: |
Nil |
|
Employee: |
|
|||||||
|
|
|
|||||||
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No. of Employees |
In Office |
: |
25 |
In Factory |
: |
75 |
||
|
In Branch: |
: |
|
Total |
: |
100 |
|||
|
Details: |
|
|
|
|||||
OWNERSHIP/SHAREHOLDERS
|
|
|
Names of Shareholders |
No. of
Share |
|
Mr. Md. Mahabubur Rahman |
825828 |
|
Mr. Md. Shafiqur Rahman |
25572 |
|
Mrs. Dil Afroz Sima |
1000 |
DIRECTORS
|
|
|
Name |
Designation |
|
Mr. Md. Mahabubur Rahman |
Managing Director |
|
Mrs. Dil Afroz Sima |
Director |
|
Mr. Md. Shafiqur Rahman |
Director |
MANAGEMENT
|
||
|
Name |
: |
Mr. Md. Azad |
|
Job Description |
: |
Assistant General
Manager |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
N/A |
|
Other details |
: |
88-01730029005 |
BUSINESS
OPERATIONS
|
||||||||
|
Nature of Activity : |
Manufacturer |
Ö |
Trader |
|
Dealer |
|
Distributor |
Ö |
|
|
|
|||||||
|
|
Exporter |
|
Importer |
|
Services |
|
Others |
|
|
Range of
Products: |
||
|
|
||
|
Products |
: |
Poultry Feed, Fish Feed, Cattle Feed |
|
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, China |
|
|||||||
|
Brand Name |
: |
Nil |
||||||||
|
Certified |
: |
Nil |
||||||||
|
Auditors |
: |
Nil |
||||||||
|
Operation Status |
: |
Active |
||||||||
|
Member |
: |
N/A |
||||||||
CAPITAL STRUCTURE
|
|
||||||||
|
Authorized
Capital |
: |
BDT 100 Million |
|
||||||
|
Paid-up Capital |
: |
BDT 8524000 |
No. of Shares |
: |
852400 |
Share
Value |
: |
BDT100.00Each |
|
|
Main Assets |
: |
BDT 1647.50 Million |
|
||||||
FINANCIAL
STATEMENT- DETAILED
|
|
||
|
Summary information given |
|
||
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
|
|||
|
Sister Concerns |
: |
Soinek Traders Classic Fiber Ltd. Fresh Chicks Ltd. Classic Melamine Ind. Ltd. |
|
|
Subsidiary |
: |
N/A |
|
|
Name of The Group |
: |
N/A |
|
BANKING
|
|
|
|||
|
Bank Name
|
: |
Shajalal Islami
Bank Ltd |
|
||
|
Bank Address |
: |
Joydevpur Chowrasta Branch Khaleque Complex (1st Floor),
Joydevpur, Chowrasta, Gazipur, Bangladesh Tel: 88-02-9262393-4 Fax: 88-02-9262393 |
|
||
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
Hatimara Road, Kashimpur, Gazipur-1346, Bangladesh. It is Situated at
Commercial area. |
GENERAL
COMMENTS
|
|
The subject company is engaged in Manufacturer & Distributor. It
is reputed company in this line of business. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.85 |
|
|
1 |
Rs.100.57 |
|
Euro |
1 |
Rs.73.15 |
|
BDT |
1 |
Rs.0.85 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.