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Report No. : |
349989 |
|
Report Date : |
21.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
HABIGANJ AGRO LIMITED |
|
|
|
|
Registered Office : |
PRAN-RFL Center, 105, Progoti Sarani, Middle Badda, Dhaka-1212 |
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|
|
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Country : |
Bangladesh
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Date of Incorporation : |
28.12.2010 |
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Legal Form : |
Private Company |
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Line of Business : |
Manufacturer and Distributor of Juice, Mineral
Water, and Mango Bar, Ice Cream, Pies, Noodles, Wafer, Chocolate bar and Frozen
Foods, Flexible Package and Canning Line |
|
|
|
|
No. of Employees : |
1000 |
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 |
: |
HABIGANJ AGRO LIMITED |
|
Head Office |
: |
PRAN-RFL Center, 105, Progoti Sarani, Middle Badda, Dhaka-1212,
Bangladesh |
|
Tel No |
: |
88-02-9881792, 8835546-50, 8819693 |
|
Fax No |
: |
88-02-8837464 |
|
E-mail |
: |
sm24@prangroup.com |
|
Website |
: |
www.prangroup.com |
|
Date/ Year of Incorporation |
: |
28.12.2010 |
|
Incorporation No. |
: |
C-89217 |
|
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/
(Loss) |
|
July’ 13~June’ 14 |
BDT 541 Million |
BDT 185.72 Million |
BDT 29.21 Million |
|
July’ 14~June’ 15 |
BDT 628 Million |
BDT 201.53 Million |
BDT 36.42 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 |
: |
Mrs. Azmari
Sultana |
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Designation |
: |
Sub Assistant
Manager |
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Contract No |
: |
N/A |
|
Locations Details |
||
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||
|
Operating Address |
: |
PRAN-RFL Center, 105, Progoti Sarani, Middle Badda, Dhaka-1212, Bangladesh |
|
Tel No |
: |
88-02-9881792, 8835546-50, 8819693 |
|
Fax No |
: |
88-02-8837464 |
|
E-mail |
: |
sm24@prangroup.com |
|
Website |
: |
www.prangroup.com |
|
Location : |
: Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
2000 |
Sq. ft. |
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Type of Office : |
:
Commercial Office Bldg. |
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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. |
Ö |
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Factory: |
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Address |
: |
Olipur, Shahjibazar, Shasteagonj, Habiganj,
Sylhet, Bangladesh |
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Tel No |
: |
Nil |
|
Fax No |
: |
Nil |
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Owned |
Ö |
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Rented |
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Leased |
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Area |
20 |
Big as |
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Branches: |
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Address |
: |
Property Heights, 12, R. K. Mission Road,
Dhaka-1203, Bangladesh.
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Tel No |
: |
88-02-9563126, 7163708 |
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Fax No |
: |
88-02-9559415 |
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Employee: |
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No. of Employees |
In Office |
: |
30 |
In Factory |
: |
970 |
||
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In Branch: |
: |
- |
Total |
: |
1000 |
|||
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Details: |
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|||||
OWNERSHIP/SHAREHOLDERS
|
|
|
Names of Shareholders |
No. of
Share |
|
Mr. Maj. Gen. Amjad Khan Chowdhury (Retd.) |
500 |
|
Mr. Ahsan Khan Chowdhury |
7630250 |
|
Mrs. Sabiha Amjad |
250 |
|
Property Development Ltd. |
200 |
|
PRAN Exports Ltd. |
2000000 |
DIRECTORS
|
|
|
Name |
Designation |
|
Mr. Maj. Gen. Amjad Khan Chowdhury (Retd.) |
Managing Director |
|
Mr. Ahsan Khan Chowdhury |
Director |
|
Mrs. Sabiha Amjad |
Director |
|
Property Development Ltd. |
Director |
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PRAN Exports Ltd. |
Director |
MANAGEMENT
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||
|
Name |
: |
Mrs. Azmari
Sultana |
|
Job Description |
: |
Sub Assistant
Manager |
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Nationality |
: |
Bangladeshi. |
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Email address |
: |
N/A |
|
Other details |
: |
N/A |
BUSINESS
OPERATIONS
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||||||||
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Nature of Activity : |
Manufacturer |
Ö |
Trader |
|
Dealer |
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Distributor |
Ö |
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|||||||
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Exporter |
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Importer |
|
Services |
|
Others |
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Range of
Products: |
||
|
|
||
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Products |
: |
Juice, Mineral water, and Mango bar, ice
cream, pies, Noodles, wafer, chocolate bar and frozen foods, Flexible Package
and Canning line |
|
Production Capacity |
: |
N/A |
|
Last Year
Production |
: |
N/A |
Trading Terms:
|
Purchasing Terms: |
L/C |
Ö |
Cash |
|
Others |
|
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|||
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Credit : |
|
30 days |
|
60 days |
Ö |
90 days |
|
|
days |
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Selling Terms : |
L/C |
|
Cash |
Ö |
Others |
|
|
|||
|
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Credit : |
Ö |
30 days |
|
60 days |
|
90 days |
|
|
days |
DETAILED
DATA
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|||||||||
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Trade Reference
& Related Parties |
: |
Overseas Clients |
: |
N/A |
Local Clients |
: |
N/A |
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||
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Overseas Suppliers |
: |
N/A |
Local Suppliers |
: |
N/A |
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||||
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Trade Markets |
: |
Exports |
: |
N/A |
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|||||
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Imports |
: |
India, China |
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|||||||
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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 |
||||||||
CAPITAL STRUCTURE
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|
||||||||
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Authorized
Capital |
: |
BDT 100 Million |
|
||||||
|
Paid-up Capital |
: |
BDT 96312000 |
No. of Shares |
: |
9631200 |
Share
Value |
: |
BDT10.00Each |
|
|
Main Assets |
: |
BDT 201.53 Million |
|
||||||
FINANCIAL
STATEMENT- DETAILED
|
|
||
|
The subject company don’t submit update
financial figure to local registry office. |
|
||
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
|
|||
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Sister Concerns |
: |
Pran Dairy Ltd. Pran Foods Ltd. Pran-Rfl Centre Pran RFL Group RFL Plastics Ltd. Pran Exports Ltd Chorka Textile Ltd Duradle Plastic Ltd Rangpur Foundry Ltd. Sylval Agriculture Ltd Pran Beverage Limited Allplast Bangladesh Ltd. Erum Bangladesh Limited Mymensingh Agro Limited Packmat Industries Limited Banga Building Materials Ltd. Bangladesh Lift Industries Ltd. Rangpur Metal Industries Ltd. Agricultural Marketing Co. Ltd Bangla Plastic International Ltd |
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Subsidiary |
: |
Nil |
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Name of The Group |
: |
Pran-RFLGroup |
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BANKING
|
|
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Bank Name
|
: |
Uttara Bank Ltd. |
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Bank Address |
: |
Local Office 129-130, Motijheel C/A Dhaka-1000, Bangladesh Tel: 88-02-9552032, 9568627 |
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||
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Bank Name
|
: |
Pubali Bank Ltd. |
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Bank Address |
: |
Motijheel Branch Sena Kallyan Bhaban, 195, Motijheel C/A, Dhaka-1000, Bangladesh Tel: 88-02-7163366, 9550635/110 |
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|
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Bank Name
|
: |
Arab Bangladesh Bank Ltd. |
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Bank Address |
: |
Motijheel Branch BSB Building, 08, DIT Avenue, Dhaka, Bangladesh Tel: 88-02-9563011-5, 9556077, 9555586 Fax: 9556077 |
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|
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Bank Name
|
: |
Eastern Bank Ltd. |
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Bank Address |
: |
Motijheel Branch 88 Motijheel C/A, Dhaka Bangladesh Tel: 88-02-9559655, 9565073-4 Fax: 88-02-9565074 |
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Bank Name
|
: |
Dhaka Bank Ltd. |
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Bank Address |
: |
Local Office Adamjee Court (Gf), 115-120 Motijheel C/A, Dhaka-1000, Bangladesh Tel: 88-02-9571138, 9556592-3 Fax: 88-02-9556583 |
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Bank Name
|
: |
Mercentile Bank Ltd. |
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Bank Address |
: |
Motijheel Branch Malek Manson, 128, Motijheel C/A, Dhaka-1000, Bangladesh Tel: 88-02-7161923-4, 9570131 Fax: 88-02-7161925 |
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 PRAN-RFL Center, 105, Progoti Sarani, Middle Badda, Dhaka-1212,
Bangladesh. It is situated at Residential 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.66.09 |
|
|
1 |
Rs.101.04 |
|
Euro |
1 |
Rs.70.85 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
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.