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Report No. : |
308155 |
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Report Date : |
18.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
PRAN DAIRY LIMITED |
|
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Registered Office : |
Pran-Rfl Centre, 105 Middle Badda, Dhaka-1212 |
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Country : |
Bangladesh
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Date of Incorporation : |
17.07.2002 |
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Legal Form : |
Private Company |
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Line of Business : |
Manufacturer, Importer and Distributor of Powder, Cheese, Chocolate Milk, Ghee, food, Chemical, Packaging
Materials, Powder Milk. |
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No. of Employees : |
3000 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Bangladesh |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
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Correct company Name |
: |
PRAN DAIRY LIMITED |
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Head Office |
: |
PRAN-RFL Centre, 105 Middle Badda, Dhaka-1212, Bangladesh. |
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Tel No |
: |
880-2-9881792, 8835546, 01912257299 |
|
Fax No |
: |
88-02-8837464 |
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E-mail |
: |
op1@prangroup.com, amcl@prangroup.com, export@prangroup.com mktg@prangroup.com, imports3@ prangroup.com |
|
Website |
: |
www.pranfoods.net |
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Date/ Year of Incorporation |
: |
17.07.2002 |
|
Incorporation No. |
: |
C-46403 |
|
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
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|||
|
Year |
Turnover/
Sales |
Assets |
Income |
|
July’ 12~June’
13 |
BDT 415 Million |
BDT
35.10 Million |
BDT
52.70 Million |
|
July’ 13~June’
14 |
BDT
481 Million |
BDT
42.29 Million |
BDT
46.70 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 |
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FULLCHECK
REPORT DETAILS
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Information Parted By |
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Name |
: |
Mr. Md. Tanzir
Helal |
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Designation |
: |
Asst. General
Manager. |
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Contract No |
: |
- |
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Locations Details |
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Operating Address |
: |
PRAN-RFL Centre, 105 Middle Badda, Dhaka-1212, Bangladesh. |
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Tel No |
: |
880-2-9881792, 8835546, 01912257299 |
|
Fax No |
: |
88-02-8837464 |
|
E-mail |
: |
op1@prangroup.com, amcl@prangroup.com, export@prangroup.com mktg@prangroup.com, imports3@ prangroup.com |
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Website |
: |
www.pranfoods.net |
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Location : |
: Owned |
Ö |
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Rented |
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Leased |
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Area |
4500 |
Sq. ft. |
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Type of Office : |
:
Commercial Office Bldg. |
Ö |
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Semi-commercial
office Bldg. |
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Retail shop |
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Industrial Park |
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Business Center |
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Home Office |
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Residential Bldg. |
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Factory: |
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Address |
: |
Bagpara, Palsh, Narshingdi, Bangladesh. |
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Tel No |
: |
Nil |
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Fax No |
: |
Nil |
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Owned |
Ö |
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Rented |
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Leased |
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Area |
82000 |
Sq. ft. |
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Branches: |
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Address |
: |
N/A |
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Tel No |
: |
N/A |
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Fax No |
: |
N/A |
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Employee: |
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No. of Employees |
In Office |
: |
150 |
In Factory |
: |
2850 |
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In Branch: |
: |
- |
Total |
: |
3000 |
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Details: |
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OWNERSHIP/SHAREHOLDERS
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Names of Shareholders |
No. of Share |
|
Mr. Maj Gen Amjad Chowdhure (Retd) |
577750 |
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Mr. Ahsan Khan Chowdhury |
310375 |
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Mrs. Sabiha Amjad |
290375 |
|
Property Development Ltd. (Representative By Lt Col Mahtabuddin) |
200 |
|
Banga Building Materials ltd. (Re-Presented by Ahsan Khan Chowdhury) |
1400002 |
DIRECTORS
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|
Name |
Designation |
|
Ahsan Khan Chowdhury |
Managing Director |
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Mr. Maj Gen Amjad Chowdhury (Retd) |
Director |
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Mr. Ahsan Khan Chowdhury |
Director |
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Mrs. Sabiha Amjad |
Director |
MANAGEMENT
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||
|
Name |
: |
Mr. Md. Tanzir
Helal |
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Job Description |
: |
Asst. General
Manager. |
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Nationality |
: |
Bangladeshi. |
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Email address |
: |
N/A |
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Other details |
: |
N/A |
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Name |
: |
Mr. Md. Rakibur Rahman |
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Job Description |
: |
Chief of Dairy. |
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Nationality |
: |
Bangladeshi. |
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Email address |
: |
N/A |
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Other details |
: |
N/A |
BUSINESS
OPERATIONS
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Nature of Activity : |
Manufacturer |
Ö |
Trader |
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Dealer |
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Distributor |
Ö |
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Exporter |
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Importer |
Ö |
Services |
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Others |
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Item Dealings
In: |
||
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||
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Products |
: |
Powder, Cheese, Chocolate Milk, Ghee, food,
Chemical, Packaging Materials, Powder Milk. |
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Production Capacity |
: |
N/A |
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Last Year
Production |
: |
N/A |
Trading Terms:
|
Purchasing Terms: |
L/C |
Ö |
Cash |
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Others |
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|||
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Credit : |
|
30 days |
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60 days |
Ö |
90 days |
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|
days |
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Selling Terms : |
L/C |
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Cash |
Ö |
Others |
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|||
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Credit : |
Ö |
30 days |
|
60 days |
|
90 days |
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|
days |
DETAILED
DATA
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Trade Reference
& Related Parties |
: |
Overseas Clients |
: |
North America ,South America, Western Europe, Eastern
Europe, Eastern Asia, Southeast Asia,
Mid East, Africa, Oceania |
Local Clients |
: |
N/A |
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Overseas Suppliers |
: |
N/A |
Local Suppliers |
: |
N/A |
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Trade Markets |
: |
Exports |
: |
N/A |
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Imports |
: |
China, India, Thailand. |
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Brand Name |
: |
N/A |
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Certified |
: |
N/A |
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Auditors |
: |
N/A |
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Operation Status |
: |
Active. |
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Member |
: |
Dhaka Chamber of Commerce & Industry. |
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CAPITAL STRUCTURE
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Authorized Capital |
: |
BDT
500 Million |
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Paid-up Capital |
: |
BDT
25, 78,70,200 |
No.
of Shares |
: |
25, 78,702 |
Share
Value |
: |
BDT 100.00Each |
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Main Assets |
: |
BDT
42.29 Million |
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FINANCIAL
STATEMENT- DETAILED
|
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The subject company don’t submit update full
financial figure to local registry office. |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
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Sister Concerns |
: |
Pran Exports Ltd Pran Agro ltd. Pran Foods Ltd. RFL Plastics Ltd. Rangpur Foundry Ltd. Bangladesh Lift Industries Ltd. Agricultural Marketing Co. Ltd. Rangpur Metal Industries Limited Duradle Plastic Ltd Erum Bangladesh Limited Bangla Plastic International Ltd Chorka Textile Ltd Mymensingh Agro Limited Banga Building Materials Ltd. Packmat Industries Limited Sylval Agriculture Ltd Allplast Bangladesh Ltd. Pran-Rfl Centre |
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Subsidiary |
: |
N/A |
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Name of The Group |
: |
Pran-RFL Group. |
BANKING
|
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Bank Name
|
: |
City Bank Ltd. |
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Bank Address |
: |
Motijheel Branch. Jiban Bima Tower 10 Dilkusha CIA, Dhaka. PO.Box -3381,Cable-BANKCITY Phone: 9565915,9553137,9553147 PABX
9565925-34 |
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Bank Name
|
: |
HSBC |
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Bank Address |
: |
Sonar tory Branch. |
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Bank Name
|
: |
Brac Bank Ltd. |
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Bank Address |
: |
Gulshan Branch Gulshan Avenue, House-50 (GF), Road-3
Gulshan, Dhaka-1212. Phone: 88-02-8828054, 8819037-8 Fax: 88-02-8894801, 8818624 |
ADVERSE
DATA MONITORING
|
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|
Dishonored Checks |
:
|
No Record Found |
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Debt |
: |
No Record Found |
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Litigation |
: |
Clear |
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Performance Defaults |
: |
No Record Found |
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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 PRAN-RFL Centre, 105 Middle Badda, Dhaka-1212, Bangladesh. The
subject company Asst. General Manager Mr. Md. Tanzir Helal welcome us &
given us all information. Its office is situated at semi commercial area
which is decorated by modern furniture. |
GENERAL
COMMENTS
|
|
The subject company is a well-known reputed company in
Bangladesh. Their products popular to
the local customers. So day by day the
subject companies increase their goodwill. As well as its financial condition, we recommend that credit may
proceed in moderate amounts. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.20 |
|
|
1 |
Rs.96.00 |
|
Euro |
1 |
Rs.71.00 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.