MIRA INFORM
REPORT
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Report Date : |
03.01.2011 |
IDENTIFICATION DETAILS
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Name : |
EDRUC LTD |
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Registered Office : |
14 Bijoynagar, |
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Country : |
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Date of Incorporation : |
05.07.1975 |
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Com. Reg. No.: |
C-1417 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
manufacturing selling and exporting of various types of life saving drugs |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
|
Maximum Credit Limit : |
US$ 38,000.00 |
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Status : |
Good |
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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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
b1 |
b1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
COMPANY DETAILS
|
Name |
Edruc Ltd |
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Address |
14 Bijoynagar, |
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Country |
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Telephone No |
880-2-9345087, 9332157, 8361860, 836140 |
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Fax No |
88-02-9350809 |
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E-Mail |
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Website |
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Established |
1948 |
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Company Registration No |
C-1417 |
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Registration date |
5th
July 1975 |
|
Legal Status |
Private Limited |
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Issuing Authority |
The Registrar of Joint Stock of Companies, |
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Business Type |
Manufacturer, Seller & Exporter |
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Status |
Satisfactory |
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Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
LOCATIONS
|
Head Office |
14 Bijoynagar, |
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Telephone No |
880-2-9345087, 9332157, 8361860, 836140 |
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Fax No |
88-02-9350809 |
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E-Mail |
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|
Website |
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4 4 Sylhet 4 4 Rangpur 4 Barishal |
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Factory |
Sitlai House, Mouza, South Raghavpur, |
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Factory Telephone No |
880-731-51616 |
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Factory Fax No |
880-731- 64716 |
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Warehouse |
Sitlai House, Mouza, South
Raghavpur, |
DIRECTORS
|
Name |
Mr. Ferozuddin
Khan |
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Designation |
Chairman & Managing Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Shehan Khan |
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Designation |
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr. Ferozuddin
Khan |
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Share Percent |
55% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Shehan Khan |
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Share Percent |
45% |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
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Line of Business |
Manufacturer, Seller & Exporter |
|
Items Dealing In |
Drugs &
Medicine |
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Terms of Purchase |
Local: cash or Credit Import: Against L/C |
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Terms of |
Local: cash or Credit Export: Against L/C |
BANKERS
|
Name |
Sonali Bank Ltd |
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Branch |
Motijheel Branch |
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Address |
Motijheel Commercial Area, |
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SWIFT |
N/A |
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|
Name |
Janata Bank
Limited |
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Branch |
Corporate Branch |
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Address |
Motijheel Commercial Area, |
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SWIFT |
N/A |
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Name |
Standard
Chartered Bank |
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Branch |
Dilkusha Branch |
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Address |
Dilkusha Commercial Area, |
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SWIFT |
N/A |
FINANCIAL INFORMATION
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|
2009 |
2008 |
2007 |
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Capital Investment |
Tk.55 million |
Tk.54 million |
Tk.52.5 million |
|
Turnover |
Tk.383 million |
Tk.380 million |
Tk.378 million |
|
Liability |
Tk.9 million |
Tk.10 million |
Tk.10.5 million |
|
Fixed Assets |
Tk.124.5 million |
Tk.124 million |
Tk.124 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.40 million |
|
Paid Up Capital |
Tk.4 million |
|
Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
|
1 |
110.6636 |
|
U.S Dollar |
1 |
70.9200 |
|
European Euro |
1 |
94.9051 |
ADVERSE DATA MONITORING
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Dishonored
Checks |
No Found |
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Debt |
No Records Found |
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Litigation |
No Records Found |
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Performance
Defaults |
No Records Found |
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Adverse Press
Coverage |
No Records Found |
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Money Laundering |
No Records Found |
MAXIMUM RECOMMENDED CREDIT
|
Amount |
Based On |
|
US$ 38,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
510 |
|
Office Area (Sq.
Ft) |
2,500 sq.ft (own) |
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Factory Area
(Sq. Ft) |
30 Acres of land app. (owned) |
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Warehouse Area
(Sq. Ft) |
7,500 sq.ft.(own) |
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|
1
Cephradine (Capsule) 1 Cephalaxine
(Capsule & Dry Syrup) 1
Amoxcyllin (Capsule, Syrup & Pediatric Drop) 1
Flucloxacillin (Capsule) 1
Ciprofloxacin (Dry Syrup) 1
Penicillin –VK (Tablet & Dry Syrup) 1 Co –
Trimoxazol (Tablet & Suspension) 1
Ranitidine HCL (Tablet & Injection) 1 High
Potency Vitamin B Complex 1 Calcium
Carbonate (tablet & Syrup) 1
Doxycylin (Tablet) 1
Vitamins --- B1, B2, B3 (capsule) 1 Anti
Oxidant Tablet (Injection) 1
Omiprazole (Tablet) 1 Ferrus
Sulphate Folic Acid (Capsule) 1 Zinc
Sulphate (Capsule) 1 Cetirizine
Dihydrochloride (Tablet & Syrup) 1 Multi
Vitamin Pediatric Drop 1 Antacid
(Tablet & Suspension) 1
Albendazole (Tablet) 1
Metronidazole (Tablet & Suspension) 1
Diclofenac (Tablet, Injection & Plus Injection) 1 Vitamin C (Tablet) |
|
Export Market |
1 1 1 1 1 1 1 |
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Major Clients |
1 Local
Hospitals 1 Local Clinics 1 Local
Medical Colleges |
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Raw Materials
Imported From |
4 EEC Countries 4 4 4 4 4 4 4 |
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Certifications |
NIL |
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Group Name |
NIL |
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Subsidiaries /
Affiliates |
NIL |
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Member |
4 4 Dhaka Chamber of Commerce &
Industries, |
COMMENTS
The subject is a private limited company engaged
in manufacturing selling and exporting of various types of life saving drugs.
The company was established in 1948 at Pabna. Mr. Abdul Hmid Khan was the
founder of the company. He was an officer of Indian Civil Service. It was the
first pharmaceutical firm in
Because of the company’s contribution in the
export sector it was awarded The President’s Export Trophy for the year of
1967-68 by the then President of
After liberation and the birth of
The directors are all very experienced in this line of
trade. They are reported to be financially healthy and fair in their trade
terms.
The company is good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.81 |
|
|
1 |
Rs.59.81 |
|
Euro |
1 |
Rs.69.29 |
RATING EXPLANATIONS
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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 |
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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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
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 |
|
<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.