MIRA INFORM
REPORT
|
Report Date : |
13.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
R.A.K. PHARMACEUTICALS PVT. LIMITED |
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Registered Office : |
R A K Tower (10th Floor), Plot # 1/A, Jasimuddin Avenue, Sector # 3,
Uttara, Dhaka-1230 |
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Country : |
Bangladesh |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
29.06.2005 |
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Com. Reg. No.: |
C-57891 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Manufacturer, Exporter & Seller of Pharmaceutical Products |
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No. of Employees
: |
822 persons |
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 |
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Maximum Credit Limit : |
US$ 50,0000.00 |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Bangladesh |
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
COMPANY DETAILS
|
Name |
R.A.K. Pharmaceuticals Pvt. Limited Note: The subject
operates by this name. |
|
Address |
R A K Tower (10th
Floor), Plot # 1/A, Jasimuddin Avenue,
Sector # 3, Uttara, Dhaka-1230 |
|
Country |
Bangladesh |
|
Telephone No |
880-2- 8963772, 8958319 |
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Fax No |
880-2-8961972 |
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E-Mail |
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|
Website |
|
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Established |
June 2005 |
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Commercial Production From |
July 2009 |
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Company Registration No |
C-57891 |
|
Registration date |
29th
June 2005 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of Joint Stock Companies & Firms, Dhaka |
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Business Type |
Manufacturer, Exporter & Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
LOCATIONS
|
Head Office |
R A K
Tower (10th Floor), Plot # 1/A,
Jasimuddin Avenue, Sector # 3, Uttara, Dhaka-1230 |
|
Telephone No |
880-2- 8963772, 8958319 |
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Fax No |
880-2-8961972 |
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E-Mail |
|
|
Website |
|
|
Location |
Owned |
|
Branch |
NIL |
|
Factory |
Village- Faridpur,
PS- Sreepur, Dist- Gazipur, Bangladesh |
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Factory Telephone No |
N/A |
|
Factory Fax No |
|
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Warehouse |
Village-
Faridpur, PS- Sreepur, Dist- Gazipur, Bangladesh |
DIRECTORS
|
Name |
|
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Designation |
Chairman |
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Nationality |
Arabian |
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Name |
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Designation |
Managing
Director |
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Nationality |
Bangladeshi |
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Name |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
|
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Designation |
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
RAK Ceramics
(Bangladesh) Limited |
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Share Percentage |
55% |
|
Country |
Bangladesh |
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|
|
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Name |
Sponsor
Directors |
|
Share Percentage |
45% |
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Nationality |
N/A |
BUSINESS DETAILS
|
Line of Business |
Manufacturer, Exporter & Seller |
|
Items Dealing In |
Pharmaceutical
Products |
|
Terms of Purchase |
Local: Cash or Credit (30 days) Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit (30 days) Export: Against L/C |
|
Types of
customers |
Wholesalers, Retailers, End Users |
BANKERS
|
Name |
AB Bank Limited |
|
Branch |
Principal Branch |
|
Address |
Motijheel C/A, Dhaka |
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SWIFT |
N/A |
|
Name |
Dutch Bangla Bank Limited |
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Branch |
Uttara Branch |
Auditors
|
Name |
K. M . Hussan
& company |
FINANCIAL INFORMATION
(Amt. In BDT Millions)
|
Particulars
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sales Turnover |
580.000 |
129.350 |
16.480 |
Information Parted
By:
Name : Mr. Abu Ahmed Assad Ullha
Designation : Manager
Mobile No. : 880-2-8963772
Date : 12.12.2011
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.100 million |
|
Paid Up Capital |
Tk.200, 000.00 |
|
Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
123.4249 |
|
U.S Dollar |
1 |
79.1000 |
|
European Euro |
1 |
105.8292 |
ADVERSE DATA MONITORING
|
Dishonored
Checks |
No Found |
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Debt |
No Records Found |
|
Litigation |
No Records Found |
|
Performance
Defaults |
No Records Found |
|
Adverse Press
Coverage |
No Records Found |
|
Money Laundering |
No Records Found |
MAXIMUM RECOMMENDED CREDIT
|
Amount |
Based On |
|
US$ 50,0000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
822 persons |
|
Office Area (Sq.
Ft) |
2,500 sq.ft (owned) |
|
Factory Area
(Sq. Ft) |
5.5 acres of land (owned) |
|
Warehouse Area
(Sq. Ft) |
5,800 sq.ft. (rented) |
|
Range of
Products |
4 Tablets 4 Capsules 4 Suspensions 4 Creams 4 Ointments 4 Human Drugs & Medicine |
|
Export Market |
4 India 4 Sri Lanka 4 Pakistan 4 Nepal |
|
Raw Materials
From |
4 USA 4 Germany 4 France |
|
Certifications |
NIL |
|
Group Name |
4 RAK Group |
|
Subsidiaries /
Affiliates |
4 RAK Ceramics (Bangladesh) Ltd. 4 RAK Power Pvt. Ltd. 4 Rakeen Development Company (BD) Pvt. Ltd. 4 RAK Paints Pvt. Ltd. 4 RAK-MOSFLY (Bangladesh) Pvt. Ltd. 4 RAK Security & Services (Pvt.) Ltd. 4 RAK Airways 4 RAK Piling Bangladesh Pvt. Ltd. 4 RAK Capital Limited 4 RAK Food & Beverage Pvt. Ltd. 4 Classic Porcelain Pvt. Ltd. |
|
Member |
4 Bangladesh Pharmaceuticals Association, Dhaka 4 Dhaka Chamber of Commerce &
Industries, Dhaka |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.42 |
|
UK Pound |
1 |
Rs.81.92 |
|
Euro |
1 |
Rs.69.94 |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
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 |
|
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NB |
New Business |
---- |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.