MIRA INFORM REPORT

Report No. :	349183
Report Date :	16.11.2015

IDENTIFICATION DETAILS

Name :	NOURISH GRAND PARENT LIMITED
Registered Office :	Takia Center (4^th 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 :	132

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

Comment	:	The subject company changed their address of House No. 404, Road 27 (Olo) Dhalmondi Dhaka 1209 Farn Bhaktoral Notun Hat, Boda, Panchagar
IDENTIFICATION DETAILS
Correct company Name	:		NOURISH GRAND PARENT LIMITED
Head Office	:		Takia Center (4^th 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’ 13~June’ 14	BDT 221 Million	BDT 24.56 Million		BDT 8.84 Million
July’ 14~June’ 15	BDT 367 Million	BDT 49.43 Million		BDT 21.65 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. Kutub Uddin
Designation	:	Officer (Procurement)
Contract No	:	N/A

Locations Details
Business Address	:	Takia Center (4^th 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

Rented

Ö

Leased

Area

Sq. ft.

Type of Office :	: Commercial Office Bldg.		Semi-commercial office Bldg.
Retail shop		Industrial Park
Business Center		Home Office
Residential Bldg.	Ö

Farm Address:
Address	:	Bhaktoral, Notun Hat, Boda, Panchagar, Bangladesh.
Tel No	:	N/A
Fax No	:	N/A

Location :

Owned

Ö

Rented

Leased

Area

30

Acores

Branches:
Address	:	Nil
Tel No	:	Nil
Fax No	:	Nil

Employee:
No. of Employees	In Office	:	22	Farm	:	110
	In Branch:	:		Total	:	132
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
Mrs. 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
Mrs. 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
Name	:	Mr. Kutub Uddin
Job Description	:	Officer (Procurement)
Nationality	:	Bangladeshi
Email address	:	N/A
Other details	:	N/A

Name	:	Mr. A.D.M. Nurul Mostofa
Job Description	:	Officer (Procurement)
Nationality	:	Bangladeshi
Email address	:	N/A
Other details	:	N/A

BUSINESS OPERATIONS
Nature of Activity :	Manufacturer	Trader	Dealer	Distributor
	Exporter	Importer	Services	Breeder	Ö

Range of Products:
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			:	N/A
Brand Name			:	N/A
Certified			:	N/A
Auditors			:	N/A
Operation Status			:	Active
Member			:	Nil

CAPITAL STRUCTURE
Authorized Capital	:	BDT 10 Million
Paid-up Capital	:	BDT 10,00,000	No. of Shares	:	10000	Share Value	:	BDT 100.00Each
Main Assets	:	BDT 49.43 Million

FINANCIAL STATEMENT- DETAILED

The subject company don’t submit update financial figure to local registry office.

ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES
Sister Concerns	:	Webware. Mapwork. Nourish Agro Ltd Nourish Feeds Ltd. Nourish Poultry Ltd Ehsan Garments Ltd Eshan Garments Ltd. Artisan Enterprise Ltd. Bass Computronics Ltd. Khaled Shipping Lines Ltd. Nourish Agro Products Ltd. Telnet Communication Ltd. Engineering Enterprise Ltd. Mohammadi Navigation Ltd. Moonlight Garments Limited. Nourish Poultry & Hatchery Ltd.
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, Bangladesh Tel: 88-02-9570795-8, 9570805 Fax: 88-02-9556011
Bank Name	:	Islami Bank Bangladesh Ltd.
Bank Address	:	Dhanmondi Branch, Nilu Squire, Sat Masjid Road, Dhanmondi R/A, Dhaka-1209, Bangladesh Tel: 88-02-9125316, 9129333

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 (4^th Floor), Plot # 39, Sonargaon Janapath Road, Sector # 7, Uttara, Dhaka-1230, BangladeshIt is Situated at Residential area.

GENERAL COMMENTS

SC is considered medium-sized in its line with fairly stable financial conditions.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.14
UK Pound	1	Rs.100.55
Euro	1	Rs.71.27

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.