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Report No. : |
323415 |
|
Report Date : |
21.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
JESSORE FEED
LIMITED |
|
|
|
|
Registered Office : |
Paragon House, 5, Mohakhali C/A, Gulshan, Dhaka-1212 |
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Country : |
Bangladesh |
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Date of Incorporation : |
22.08.2001 |
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|
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Com. Reg. No.: |
c-43815 |
|
|
|
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Legal Form : |
Private Company |
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|
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Line of Business : |
Engaged as manufacturer & Distributor of Fish and Shrimp
Feed [NOTE: We tried to confirm / obtain the detailed activity but the same is not available from any sources.] |
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|
|
|
No of Employees : |
225 (48 In Office & 117 In Factory) |
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 |
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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 |
|
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 |
: |
Jessore Feed Limited |
|
Head
Office |
: |
Paragon House,
5, Mohakhali C/A, Gulshan, Dhaka-1212, Bangladesh |
|
Tel
No |
: |
88-02-9882107-8 |
|
Fax
No |
: |
88-02-8821394 |
|
E-mail |
: |
|
|
Website |
: |
|
|
Year
of Incorporation |
: |
22.08.2001 |
|
Incorporation No. |
: |
C-43815 |
|
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 |
FINANCIALS-
SUMMARY
|
|||
|
Year |
Turnover/ Sales |
Assets |
Income |
|
July’ 12~June’ 13 |
BDT 348 Million |
BDT 650.50 Million |
BDT 13.22 Million |
|
July’ 13~June’ 14 |
BDT 496 Million |
BDT 678.28 Million |
BDT 19.34 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. Md. Akbor
Kabir |
|
Designation |
: |
Manager
(Commercial) |
Locations
Details
|
||
|
Operating
Address |
: |
Paragon House,
5, Mohakhali C/A, Gulshan, Dhaka-1212, Bangladesh |
|
Tel
No |
: |
88-02-9882107-8 |
|
Fax
No |
: |
88-02-8821394 |
|
E-mail |
: |
|
|
Website |
: |
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|
Location : |
: Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
4800 |
Sq. ft. |
|
Type of Office : |
: Commercial Office Bldg. |
Ö |
|
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 |
: |
Baniargati,
Bosundia, Jessore , Bangladesh |
|
Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
65,000 |
Sq. ft. |
|
Employee: |
|
||||||
|
No.
of Employees |
In
Office |
: |
48 |
In Factory |
: |
117 |
|
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In Branch: |
: |
|
Total |
: |
225 |
||
OWNERSHIP/SHAREHOLDERS
|
|
|
Names of Shareholders |
No. of Share |
|
Mr. Moshiur Rahman |
750 |
|
Mrs. Yasmin Rahman |
250 |
|
Paragon Poultry Ltd |
9000 |
DIRECTORS
|
|
|
Name |
Designation |
|
Mr. Moshiur Rahman |
Managing Director |
|
Mrs. Yasmin Rahman |
Director |
MANAGEMENT
|
||
|
Name |
: |
Mr. Md. Akbor Kabir |
|
Job Description |
: |
Manager
(Commercial) |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
|
|
Other details |
: |
N/A |
|
Nature
of Activity : |
Manufacturer |
Ö |
Trader |
|
Dealer |
|
Distributor |
Ö |
|
|
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|||||||
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Exporter |
|
Importer |
Ö |
Services |
|
Others |
|
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Range of Products: |
||
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||
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Products |
: |
Fish And Shrimp Feed |
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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
|
|
||||||||
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Trade Markets |
: |
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|||||||
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Imports |
: |
USA, Belgium,
Canada, China, India, Thailand |
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Operation Status |
: |
Active |
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CAPITAL STRUCTURE
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||||||||
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Authorized Capital |
: |
BDT 25 Million |
|
||||||
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Paid-up Capital |
: |
BDT10,00,000 |
No. of Shares |
: |
10,000 |
Share Value |
: |
BDT100.00Each |
|
|
Main Assets |
: |
BDT678.28 Million |
|
||||||
FINANCIAL STATEMENT- DETAILED
|
|
The subject company
don’t submit update financial figure to local registry office. |
ASSOCIARES/SUBSIDIARIES/RELATED
PARTIES
|
||
|
Sister Concerns |
: |
Usha Feed Ltd. Poultry Care Lab Sports Zone Ltd. Usha Poultry Ltd Paragon Agro Ltd Paragon Press Ltd Paragon Feed Ltd Aqua Breeders Ltd Parasol Energy Ltd Paragon Tea Estates Paragon Poultry
Ltd. Rangpur Poultry
Ltd. Chittatgong Feed
Ltd. Hazinagar Tea
Estate Rahmania Teas
Estate Chittagong Chicks
Ltd DENM Poultry
Complex Paragon Plast Fiber
Ltd. Malek Spinning
Mills Ltd Grand Parent
Breeding Farm |
|
Name of The Group |
: |
Paragon Group |
|
Bank Name |
: |
HSBC |
|
Bank Address |
: |
Dhaka Main Office Anchor Tower, 108,
Bir Uttam C R Dutta Road, Dhaka - 1205
Bangladesh Tel: 88-02-9660536-43
(Hunting) Fax : 88-02-9660554 |
|
|
||
|
Bank Name |
: |
One Bank Ltd. |
|
Bank Address |
: |
Principal Branch 45, Dilkusha C/A,
Dhaka-1000, Bangladesh Phone: 88-02-9564249 Fax: 88-02-9561960 |
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|
|
|
|
Bank Name |
: |
Prime Bank Ltd. |
|
Bank Address |
: |
Mohakhali Branch 69, Mohakhali C/A,
Dhaka-1212 Phone:
88-02-9882291, 8826483 Email:
pblmohakhali@primebank.com.bd Fax: 88-02-9888873 Swift: PRBLBDDH007 |
|
Bank Name |
: |
The City Bank Ltd. |
|
Bank Address |
: |
Head Office City Bank Center 136, Gulshan
Avenue, Gulshan-2 Dhaka-1212,
Bangladesh Tel: 88-: 02
8813483, 8814375, 8813126 Fax: 88-02 9884446
|
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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 Paragon House, 5, Mohakhali C/A, Gulshan, Dhaka-1212,
Bangladesh. It is well decorated modern office. |
GENERAL COMMENTS
|
|
The subject company is engaged in manufacturer & Distributor. It
is reputed company in this line of business. We recommended that Credit can
proceed normally. |
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Adopted Abbreviations: |
|||
|
NA- Not Available |
TK- Bangladeshi Taka |
|
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.86 |
|
UK Pound |
1 |
Rs.98.88 |
|
Euro |
1 |
Rs.70.73 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
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.