MIRA
INFORM REPORT
|
Report Date : |
05.07.2007 |
IDENTIFICATION DETAILS
|
Name : |
Modern Herbal Group |
|
|
|
|
Registered Office : |
Harbal Market, 2, Shahid Tazuddin Ahmed Sarani, Moghbazar, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
December, 1990 |
|
|
|
|
Legal Form : |
Group of Companies |
|
|
|
|
Line of Business : |
Manufacturing and selling of Herbal medicines and related
items. |
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 : |
Regular |
|
|
|
|
Litigation : |
Clear |
Report on
Modern Herbal Group
Address
Harbal Market
2, Shahid Tazuddin Ahmed Sarani,
Moghbazar,
Telephones : 880-2-9357052, 9348020
Fax : 880-2-9002000
E-mail :
info@modernharbal.org
drm.mostafa@gmail.com
SUMMARY
Established : December, 1990
Incorporation
No. : N/A
Incorporation
Dated : N/A
Managing
Director & CEO : Dr. Alamgir
Mati
Employees
175
Executives- 8
Junior
Executives- 7
Chemist- 5
Engineers- 2
Medical
Officers- 50
Quality
Control- 10
Supervisory
Staffs- 6
General
Staffs- 6
Technicians- 17
Workers- 63
BANK
BRAC Bank
Limited
Moghbazar
Branch,
Mercantile
Bank Limited
Moghbazar
Branch,
BRANCH
Bogra
Comilla
Sylhet
FACTORY
Paradagair,
Konapara,
Demra,
OFFICE AREA
4,000 sq. ft
(own)
FACTORY AREA
50,000 sq.
ft (own)
WAREHOUSE AREA
5,000 sq. ft
( own)
DIRECTORS
Dr. Alamgir
Mati - Chairman & Managing Director
Mr. Nasirul
Alam
HISTORY
The subject was established in December, 1990 by Dr. Alamgir
Mati and other director in
BUSINESS
The company is engaged in manufacturing and selling of
Herbal medicines and related items.
Food
Food
Supplements
Toiletries
Homeo
Medicines
Consumer
Goods
Unani
Medicines
Herbal
Medicines
IMPORTS FROM
U.A.E
TERMS OF SALES
Cash
Credit
CERTIFICATION
ISO-9001-2000
GROUP COMPANIES
Marco Unani Pharma,
MXN Modern Herbal Food Limited,
Modern Herbal Food Limited,
Modern Food Products Limited,
Modern Herbal Pharmaceutical,
Modern Herbal Toiletries Ltd,
MXN Homeo Laboratories,
MEMBER
Dhaka Chamber of Commerce & Industries,
LEGAL FORM
Some of the group companies are
private limited and some are proprietorship companies.
FINANCIAL
INFORMATION
2006 2005 2004
Capital
Invested Tk.50 million Tk.50
million Tk.50 million
Turnover
Tk.220 million Tk.219.2
million Tk.379.6 million
Liability
Tk.9.1 million Tk.9.5 million Tk.9.7 million
Fixed Assets
Tk.81 million Tk.81 million Tk.80 million
CAPITAL STRUCTURE
Authorized
Capital N/A
Paid up
Capital N/A
Each share
value N/A
EXCHANGE RATE
GB
Pound 1.00=Tk.130.9764
US Dollar 1.00=Tk.
69.8000
Japanese
Yen 1.00=Tk. 0.6098
Australian
Dollar 1.00=Tk.
53.3891
COMMENTS
The subject is a group of companies engaged in
manufacturing, selling and distributor of Unani /Herbal medicines and related
items. The quality of their products are good and they are popular in the local
markets.
The directors is well conversant in his line of
trade. They are well known in the local Uninani /Herbal trade circle.
The company is good for normal business engagements.
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 |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)