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MIRA INFORM REPORT
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Report No. : |
483857 |
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Report Date : |
01.01.2018 |
IDENTIFICATION DETAILS
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Name : |
THE KAPNA TEA COMPANY LIMITED |
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Formerly Known As : |
KAPNAPAHAR TEA GARDEN |
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Registered Office : |
South Breeze
Centre (6th Floor), Building # 5, Road # 11, Block # G, Banani, Dhaka-1213, |
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Country : |
Bangladesh |
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Date of Incorporation : |
05.03.1976 |
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Com. Reg. No.: |
C-4735 |
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Legal Form : |
Private Co
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Line of Business : |
Processing, Distributor and Exporter of Tea, Food & Beverages. |
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No. of Employees : |
786 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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Bangladesh |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
BANGLADESH - ECONOMIC OVERVIEW
Bangladesh's economy has grown roughly 6% per year since 1996 despite prolonged periods of political instability, poor infrastructure, endemic corruption, insufficient power supplies, and slow implementation of economic reforms. Although more than half of GDP is generated through the services 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 $25 billion in 2016. The sector continues to grow, despite a series of high-profile factory accidents that have killed more than 1,000 workers and crippling strikes, including a nationwide transportation blockade orchestrated by the political opposition during the first several months of 2015. Steady export growth in the garment sector combined with remittances from overseas Bangladeshis - which totaled about $15 billion and 8% of GDP in 2015 - are key contributors to Bangladesh's sustained economic growth and rising foreign exchange reserves.
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Source
: CIA |
EXECUTIVE
SUMMARY
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IDENTIFICATION DETAILS |
||
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Correct company Name |
: |
The Kapna Tea Company Limited |
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Previous Company Name |
: |
Kapnapahar Tea Garden |
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Head Office |
: |
South Breeze Centre (6th Floor), Building
# 5, Road # 11, Block # G, Banani, Dhaka-1213, Bangladesh. |
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Tel No |
: |
88-02-9870240, 9870450 |
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Fax No |
: |
88-02-9870580 |
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E-mail |
: |
kapnatea@mail.com |
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Website |
: |
Nil |
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Date/ Year of Incorporation |
: |
05.03.1976 |
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Incorporation No. |
: |
C-4735 |
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Legal Form (General) |
: |
Public Listed
Co Public (but not
listed) Private Co State-owned Co Sole
Proprietorships Partnership Not Registered others (please
specify) ________________ |
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Legal form (Specific) |
: |
LTD CORP INC CO others (please
specify) ________________ |
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Issuing Authority |
: |
Registrar
of Joint Stock Companies & Firms
City Corporation Municipal
Administration Union Council |
FINANCIALS-
SUMMARY
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|||
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Year |
Turnover/ Sales |
Assets |
Income/ (Loss) |
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31st Dec, 2015 |
BDT 386 Million |
BDT 956.00 Million |
BDT 21.23 Million |
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31st Dec, 2016 |
BDT 431 Million |
BDT 1031.28 Million |
BDT 39.60 Million |
FULLCHECK
REPORT DETAILS
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Information Parted By |
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Name |
: |
Mr.
Azizul Alam |
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Designation |
: |
General
Manager (Garden) |
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Contract No |
: |
N/A |
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Locations Details |
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Operating Address |
: |
South Breeze Centre (6th Floor), Building
# 5, Road # 11, Block # G, Banani, Dhaka-1213, Bangladesh. |
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Tel No |
: |
88-02-9870240, 9870450 |
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Fax No |
: |
88-02-9870580 |
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E-mail |
: |
kapnatea@mail.com |
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Website |
: |
Nil |
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Location : |
:
Owned |
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Rented |
Ö |
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Leased |
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Area |
1400 |
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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Tea Garden: |
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Address |
: |
Kapna Tea Estate, Juri,
Moulovibazar, 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 |
1925.82 |
Acores |
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Branches: |
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Address |
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Nil |
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Tel No |
: |
Nil |
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Fax No |
: |
Nil |
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Employee: |
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No. of Employees |
In Office |
: |
56 |
In Garden |
: |
730 |
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In Branch: |
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N/A |
Total
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786 |
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Details: |
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OWNERSHIP/SHAREHOLDERS
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Names of Shareholders |
No.
of Share |
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Mrs. Sarwari Rahman |
2513 |
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Mr. Kamran Tanvirur Rahman |
635 |
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Mr. Naushi Mahrukh |
582 |
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Mr. Kaihan Naqibur Rahman |
635 |
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Mr. Adnan Najibur Rahman |
635 |
DIRECTORS
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Name |
Designation |
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Mr. Kamran Tanvirur Rahman |
Managing Director |
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Mr. Naushi Mahrukh |
Director |
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Mr. Kaihan Naqibur Rahman |
Director |
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Mr. Adnan Najibur Rahman |
Director |
MANAGEMENT
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Name |
: |
Mr.
Kamran Tanvirur Rahman |
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Job Description |
: |
Managing
Director |
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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.
Azizul Alam |
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Job Description |
: |
General
Manager (Garden) |
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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.
Belayet hossain |
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Job Description |
: |
Company
Secretary |
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Nationality |
: |
Bangladeshi. |
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Email address |
: |
N/A |
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Other details |
: |
88-01711857456 |
BUSINESS
OPERATIONS
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Nature of Activity
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Processing |
Ö |
Trader |
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Dealer |
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Distributor |
Ö |
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Exporter |
Ö |
Importer |
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Services
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Others |
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Range
of Products: |
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Products |
: |
Tea, Food & Beverages. |
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Production Capacity |
: |
N/A |
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Last
Year Production |
: |
N/A |
Trading Terms:
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Purchasing Terms: |
L/C |
Ö |
Cash |
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Others |
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Credit : |
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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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Credit : |
Ö |
30 days |
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60 days |
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90 days |
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days |
DETAILED
DATA
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Trade Reference & Related Parties |
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Overseas Clients |
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N/A |
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Local Clients |
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Local Wholesaler |
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Overseas Suppliers |
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N/A |
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Local Suppliers |
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N/A |
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Trade Markets |
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Exports |
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Europe, Middle East |
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Imports |
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N/A |
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Brand Name |
: |
N/A |
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Certified |
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N/A |
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Auditors |
: |
N/A |
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Operation Status |
: |
Active |
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Member |
: |
Bangladesh Employers'
Federation |
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CAPITAL
STRUCTURE
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Authorized
Capital |
: |
BDT 5 Million |
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Paid-up
Capital |
: |
BDT 500000 |
No. of Shares |
: |
5000 |
Share Value |
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BDT100.00Each |
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Main
Assets |
: |
BDT 1031.28 Million |
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FINANCIAL
STATEMENT- DETAILED
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Summary Information Given. |
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ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
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Sister Concerns |
: |
Pubali Jute Mills Ltd |
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Subsidiary |
: |
Nil |
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Name of The Group |
: |
Nil |
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BANKING
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Bank Name |
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Bangladesh
Krishi Bank |
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Bank Address |
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Principal Branch 83-85, Motijheet C/A,
Dhaka-1000, Bangladesh. Tel: 88-02- 9552996 |
ADVERSE
DATA MONITORING
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Dishonored Checks |
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No Record Found |
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Debt |
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No Record Found |
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Litigation |
: |
Clear
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Performance Defaults |
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No Record Found |
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Adverse Local Media Coverage/ Adverse Filling History |
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No Record Found |
SITE
VISIT COMMENTARY
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Our representative visited the subject company Head Office
which is situated at South Breeze Centre (6th Floor), Building #
5, Road # 11, Block # G, Banani, Dhaka-1213, Bangladesh. It is situated at
Residential area. |
GENERAL
COMMENTS
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The subject company is engaged in Processing, exporter
& Distributor. It is reputed company in this line of business. We
recommended that Credit can proceed normally in Moderate amount. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.93 |
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|
1 |
INR 86.06 |
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Euro |
1 |
INR 76.39 |
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BDT |
1 |
INR 0.77 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
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|
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Report Prepared
by : |
KET |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on secured
terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.