Conceptually Index Agro Group (IAG) was envisioned to provide quality products and services to enrich the agriculture sector of Bangladesh. In order to materialize this vision, IAG has adopted progressive agricultural practices, a dynamic and proactive management team, improved marketing techniques and modern processing in production facilities to enable the industry to improve its quality and expand production levels significantly. Index Agro Industries Limited (IAIL) is one of the concerns of Index group of Companies, started its operation in 2000. IAIL produces poultry& fish feed and Day Old Chicks (Broiler & Layer). Currently, IAIL has decided to go for Initial Public Offerings and this feasibility study is prepared for the utilization plan of the IPO proceedings. Some projections regarding profitability and other financial issues are analyzed. IAIL has made projections of Statement of Financial Position, Statement of Comprehensive Income and Statement of Cash Flows for the upcoming three reporting years. This Feasibility Report discusses and shows the various aspects of Expansion Program of Index Agro Industries Limited (IAIL).
· Index Agro Industries Ltd.
· Index Poultry (PVT) Ltd.
· Index Fisheries Ltd.
Index Agro Industries Ltd.
Incorporated in the year 2000, Index Agro Industries Limited commenced operations with a poultry hatching and breeder facility to cater to the growing demand of quality pullets for the promising local poultry industry.IAIL houses a team of professionals, with full time internationally renowned veteran CEO, to run the business. The Company retains services from renowned professionals from overseas to ensure quality, consistency and disaster readiness to ward off different disease related threat that has often crippled Bangladesh livestock industry. The board, which consists of professionals with wide exposure to agriculture industry, provides policy level direction to steer the business in due course. Due to its quality of operation, the Company obtained ISO 9001:2008 certifications for poultry breeder and hatchery section.
INDEX POULTRY (PVT) LIMITED
To cater for the growing demand of the poultry sector in North Bengal, IPL was incorporated in 2006 in the Rangpur District. To maintain a healthy supply of healthy Day Old Chicks (DOC), IPL has established a breeder farm and hatchery at this location. The breeder farms are fully equipped with modern feeding and drinking systems, maintaining healthy ans safe conditions for the parent stocks.
Index Agro Industries Ltd (Feed Mill Division)
Incorporated in the year 2000, Index Agro Industries Limited successfully established an automated feed manufacturing facility for poultry feed. Such backward integration provided a strong thrust to its breeder and hatchery operation by ensuring the availability of quality feeds to maintain desired standards and by ensuring a steady supply into the thriving market of animal feed.The company, markets and packages it feed products under the brand name X Feed and Goldring, it is one of the leading Animal Feed Solution providers in Bangladesh. It was awarded ISO 9001:2008 certification for maintaining high standards and regulations in production procedures.Products:Broiler FeedLayer FeedFish Feed (Floating & Sinking)
Index Fisheries Limited
Index Fisheries Ltd. is working with Aquaculture & Fisheries business and now producing good quality seeds (Fish Fry)
Factories:
i) Breeder Farm & Hatchery (Rajendrapur)
ii) Feed mill (Bhaluka)
iii) Breeder Farm (Bogra,Sirajgonj)
iv) Hatchery (Rangpur)
