MIRA
INFORM REPORT
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Report Date : |
25.06.2007 |
IDENTIFICATION DETAILS
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Name : |
Drug International Limited |
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Registered Office : |
Plot No. 13 A & 14A, Block-A, Tongi BSIC Industrial Area,
District Gazipur |
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Country : |
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Date of Incorporation : |
11th January,1974 |
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Com. Reg. No.: |
C-4182 |
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Legal Form : |
Private Company |
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Line of Business : |
Manufacturing and selling of drugs and medicines. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Report on
Drug International Limited
Address
Plot No. 13 A & 14A,
Block-A,
Tongi BSIC Industrial Area,
District : Gazipur
Telephones : 880-2-8128643, 8153389
Fax : 880-2-7117099
E-mail :
drug@bangla.net
SUMMARY
Established : January,1986
Incorporation
No. : C-4182
Incorporation
Dated : 11th
January,1974
Managing
Director & CEO : Dr. M. M.
Amjad Hossain
Employees
276
Executives- 5
Junior
Executive- 8
Junior
Engineers- 2
Chemist- 7
Quality
Control- 5
Field
Staffs- 49
Supervisory
Staffs- 12
General Staffs- 16
Technicians- 172
BANK
Agrani Bank
Ramna Branch,
BRANCH
Sylhet
Rajshahi
Bogra
Mymensingh
FACTORY
252,Tongi
Industrial Area
District :
Gazipur
Plot No. 13 A & 14A,
Block-A,
Tongi BSIC Industrial Area,
District : Gazipur
OFFICE AREA
1,550 sq.
ft.(rented)
FACTORY AREA
31,500 sq.
ft (rented)
WAREHOUSE AREA
3,200 sq. ft
(rented)
DIRECTORS
Dr. M. M.
Amjad Hossain -Chairman & Managing Director
Mr. M. A.
Haider Hossain
Mrs. Khaja
Tajmohal
Mrs. Rubayet
Farza Hossain
HISTORY
The subject is a established in January,1974 by Dr. M. M.
Amjad Hossain and other directors in Dhaka city having it factory at Tongi,
district : Gazipur.
BUSINESS
The company is a engaged in manufacturing and selling of
drugs and medicines.
Capsules
Syrups
Tablets
Injections
Creams
Ointments
RAW MATERIALS FROM
EEC Countries
TERMS OF SALES
Cash
Credit
NAME OF GROUP
NIL
SISTER CONCERN
ATI Limited,
MEMBER
Dhaka
Chamber of Commerce & Industries,
LEGAL FORM
The subject is a private company with the Registrar of Joint
Stock Companies,
FINANCIAL INFORMATION
2006 2005 2004
Capital
Invested Tk.75 million Tk.75
million Tk.74 million
Turnover
Tk. 1.4 billion Tk.1.3 billion Tk.1.4 billion
Liability Tk.13.8
million Tk.14.5 million Tk.13.5 million
Fixed Assets Tk.110
million Tk.109 million Tk.108 million
CAPITAL STRUCTURE
Authorized
Capital Tk.100
million
Paid up
Capital Tk.250,000.00
Each share
value Tk.100.00
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 family owned private limited
company engaged in manufacturing and selling of drugs and medicines. The
company has got selling depots in all major cities of the country. The
company’s products are of highest quality and they are little expensive. The
subject is well reputed among local doctors and physicians.
The directors are experienced and knows their
job well. They are financially solvent and good at their business commitments,
it is reported.
The company is good for normal business
engagements.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)