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MIRA
INFORM REPORT
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Report No. : |
497165 |
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Report Date : |
12.03.2018 |
IDENTIFICATION DETAILS
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Name : |
PRAN DAIRY LIMITED |
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Registered Office : |
Pran-Rfl Centre, 105, Progoti Sarani, Middle Badda,
Dhaka-1212 |
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Country : |
Bangladesh |
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Financials (as on) : |
30.06.2017 |
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Date of Incorporation : |
17.07.2002 |
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Com. Reg. No.: |
C-46403 |
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Legal Form : |
Private Co |
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Line of Business : |
Manufacturer Importer and Distributor of Milk Powder,
Cheese, Chocolate Milk, Ghee, food, Chemical, Packaging Materials, Powder
Milk. |
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No. of Employees : |
3000 |
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 : |
Good |
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Payment Behaviour : |
Regular |
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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 (30.09.2017) |
Current Rating (31.12.2017) |
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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 were on track to again surpass $25 billion in 2017. The sector continues to grow, despite the need for improvements in factory working conditions to avert further high-profile accidents that have killed more than 1,000 workers in recent years. Steady export growth in the garment sector combined with remittances from overseas Bangladeshis - which totaled about $13 billion and 6% of GDP in 2016 - are key contributors to Bangladesh's sustained economic growth and rising foreign exchange reserves.
The recent influx of hundreds of millions of additional refugees from Burma will place pressure on the Bangladeshi government’s budget and the country’s rice supplies, which declined in 2017 in part because of adverse weather.
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Source
: CIA |
EXECUTIVE SUMMARY
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IDENTIFICATION DETAILS |
||
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Correct company Name |
: |
Pran Dairy
Limited |
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Head Office |
: |
PRAN-RFL Centre, 105, Progoti Sarani, Middle Badda,
Dhaka-1212, Bangladesh. |
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Tel No |
: |
88-02-9881792,
8835547-50, 9881316 |
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Fax No |
: |
88-02-8837464 |
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E-mail |
: |
imports21@prangroup.com |
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Website |
: |
www.pranfoods.net |
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Date/ Year of Incorporation |
: |
17.07.2002 |
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Incorporation
No. |
: |
C-46403 |
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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 Cantonment
Board Chief Controller
of Import & Export (CCIE) |
FINANCIALS- SUMMARY
|
Year |
Turnover/ Sales |
Assets |
Income |
|
30th
June’2016 |
BDT 1229 Million |
BDT 131.20 Million |
BDT 67.59 Million |
|
30th
June’2017 |
BDT 1889 Million |
BDT 256.87 Million |
BDT 117.73 Million |
FULLCHECK REPORT DETAILS
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Information Parted By |
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Name |
: |
Mr. Md.
Monzur Hossain |
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Designation |
: |
Senior
Manager (Supply Chain) |
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Contract No |
: |
N/A |
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Locations Details |
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Operating Address |
: |
PRAN-RFL Centre, 105, Progoti Sarani, Middle Badda,
Dhaka-1212, Bangladesh. |
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Tel No |
: |
88-02-9881792,
8835547-50, 9881316 |
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Fax No |
: |
88-02-8837464 |
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E-mail |
: |
imports21@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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Registered Address : |
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Address |
: |
Property Heights,
12, R.K. Mission Road, G.P.O. Box: 83, Dhaka-1203, Bangladesh. |
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Tel No |
: |
88-02-9563126 |
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Fax No |
: |
88-02-9559415 |
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Employee : |
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No.
of Employees |
In Office |
: |
130 |
In Factory |
: |
2870 |
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In Branch: |
: |
- |
Total
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: |
3000 |
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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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Mr. Ahsan Khan Chowdhury |
1178500 |
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Property Development Ltd. |
200 |
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Banga Building Materials ltd. |
1400002 |
DIRECTORS
|
Name |
Designation |
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Mr. Ahsan Khan Chowdhury |
Managing
Director |
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Lt. Col. Mahtabuddin Ahmed (Retd.) |
Director |
MANAGEMENT
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Name |
: |
Mr. Ahsan Khan
Chowdhury |
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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. Md.
Rakibur Rahman |
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Job Description |
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Chief of
Dairy (Extension) |
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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.
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. Rajib
Ibne Islam |
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Job Description |
: |
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.
Monzur Hossain |
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Job Description |
: |
Senior
Manager (Supply Chain) |
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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 |
: |
Dr. Md. Harun |
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Job Description |
: |
Assistant
General Manager (Operation) |
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Nationality |
: |
Bangladeshi. |
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Email address |
: |
N/A |
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Other details |
: |
88-01924609901 |
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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Range
of Products: |
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Products |
: |
Milk 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:
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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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|||
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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 |
: |
Overseas Clients |
: |
N/A |
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Local Clients |
: |
N/A |
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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(Country) |
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N/A |
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Imports(Country) |
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China, India, Thailand |
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Brand Name |
: |
N/A |
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Certified |
: |
N/A |
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Name of Auditors |
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N/A |
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Operation Status |
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Active |
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CAPITAL STRUCTURE
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Authorized
Capital |
: |
BDT 500 Million |
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Paid-up
Capital |
: |
BDT 257870200 |
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No.
of Shares |
: |
2578702 |
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Share
Value |
: |
BDT 100.00 Each |
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Main
Assets |
: |
BDT 256.87 Million |
FINANCIAL STATEMENT- DETAILED
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Summary financial information has been
shared |
ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES
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Name of The
Group |
: |
Pran-RFL Group. |
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Subsidiary |
: |
N/A |
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Sister Concerns |
: |
Pran Foods Ltd. Pran-Rfl Centre Pran Exports Ltd Chorka Textile Ltd Durable Plastic Ltd. RFL Plastic Limited 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. Agricultural Marketing Co. Ltd. Bangla Plastic International Ltd Rangpur Metal Industries Limited |
BANKING
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Bank Name |
: |
City Bank
Ltd. |
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Bank Address |
: |
Motijheel
Branch. Jiban Bima
Tower, 10, Dilkusha C/A, Dhaka-1000, Bangladesh. Tel: 88-02-9565915,
9553137, 9553147 |
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Bank Name |
: |
Hong Kong
Shanghai Banking Corporation |
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Bank Address |
: |
Dhaka Main
Office Anchor Tower,
108, Bir Uttam C R Dutta Road, Dhaka-1205, Bangladesh. Tel:
88-9666331000 |
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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, Bangladesh. Tel:
88-02-8828054, 8819037-8 Fax:
88-02-8894801, 8818624 |
ADVERSE DATA MONITORING
|
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. It is Situated at Commercial area. |
GENERAL COMMENTS
|
The subject company is a well-known reputed
company in Bangladesh. It is reputed
company in this line of business. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.08 |
|
|
1 |
INR 89.85 |
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Euro |
1 |
INR 80.16 |
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BDT |
1 |
INR 0.78 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
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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 |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
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.