MIRA INFORM REPORT
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Report Date : |
23.07.2011 |
IDENTIFICATION DETAILS
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Name : |
POPULAR PHARMACEUTICALS LIMITED |
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Registered Office : |
Sheltech Panthokunjo, 17 Shukrabad, West Panthopath, Dhaka-1207 |
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Country : |
Bangladesh |
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Date of Incorporation : |
08.12.2002 |
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Com. Reg. No.: |
C-47852 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturing, Exporting and Selling of drugs and medicine |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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$ 25,000.00 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Bangladesh |
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
COMPANY DETAILS
|
Name |
Popular Pharmaceuticals Limited |
|
Address |
Sheltech
Panthokunjo, 17 Shukrabad, West Panthopath, Dhaka-1207 Note: The subject operates from this address. |
|
Country |
Bangladesh |
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Telephone No |
880-2-9128976, 9101730-32, 9102850-53 |
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Fax No |
880-2-9134054, 9134096 |
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E-Mail |
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|
Website |
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Established |
December 2002 |
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Company Registration No |
C-47852 |
|
Registration date |
8th
December 2002 |
|
Legal Status |
Private Limited |
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Issuing Authority |
The Register of Joint Stock Companies & Firms, Dhaka |
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Business Type |
Manufacturer, Exporter & Seller |
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Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
LOCATIONS
|
Head Office |
Sheltech
Panthokunjo, 17 Shukrabad, West Panthopath, Dhaka-1207 |
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Telephone No |
880-2-9128976, 9101730-32, 9102850-53 |
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Fax No |
880-2-9134054, 9134096 |
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E-Mail |
|
|
Website |
|
|
Branch |
4 Dhaka 4 Chittagong 4 Sylhet 4 Bogra 4 Khulna 4 Rangpur 4 Rajshahi 4 Barishal 4 Comilla 4 Noakhali 4 Mymensing 4 Narayanganj 4 Faridpur |
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Factory |
164, Tongi Industrial Area, Tongi, Gazipur-1711, Dhaka |
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Factory Telephone No |
880-2-9812971-5 |
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Factory Fax No |
880-2-9812976 |
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Warehouse |
164, Tongi
Industrial Area, Tongi, Gazipur-1711, Dhaka |
DIRECTORS
|
Name |
Dr. Mustafizur
Rahman |
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Designation |
Chairman &
Managing Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Nazim
Ferdous |
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Designation |
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Dr. Mustafizur
Rahman |
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Share Percent |
60% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Nazim
Ferdous |
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Share Percent |
40% |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturer, Exporter & Seller |
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Items Dealing In |
Drugs & Medicines |
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Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
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Terms of Sale |
Local: Cash or Credit |
BANKERS
|
Name |
Standard
Chartered Bank |
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Branch |
Main Branch |
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Address |
Dilkusha Commercial Area, Dhaka |
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SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2010 |
2009 |
2008 |
|
Investment |
Tk.27 million |
Tk.27 million |
Tk.25 million |
|
Turnover |
Tk.153 million |
Tk.152.8 million |
Tk.152 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.50 million |
Tk.48 million |
Tk.48 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.100 million |
|
Paid Up Capital |
Tk.500, 000.00 |
|
Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
120.5884 |
|
U.S Dollar |
1 |
74.6400 |
|
European Euro |
1 |
106.1082 |
ADVERSE DATA MONITORING
|
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$ 25,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
420 |
|
Office Area (Sq.
Ft) |
2,200 sq.ft (own) |
|
Factory Area
(Sq. Ft) |
40,000 sq.ft (own) |
|
Warehouse Area
(Sq. Ft) |
5,900 sq.ft.(own) |
|
Range of
Products |
4 Tablets 4 Capsules 4 Suspensions 4 Injections 4 Eye Drops 4 Creams 4 Ointments 4 Insulin |
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Major
Clients |
4 Central Medical Store
Depot, Bangladesh Government 4 Bangladesh
Army 4 Bangladesh Rifles 4 Police Hospital 4 BIRDEM 4 Chittagong Medical College &
Hospital 4 M.A.G. Osmani Medical College
& Hospital Sylhet 4 HCDP (Health care Development
project) 4 Apollo
Hospitals 4 United
Hospital 4 Square
Hospitals Ltd 4 Labaid Cardiac
Hospital 4 Lab Aid Specialized Hospital |
|
Export
Market |
4 Sri
Lanka 4 Kenya 4 Macau 4 Somalia 4 Nigeria 4 Belize 4
Afghanistan 4
Guatemala 4 Vietnam |
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Raw Materials
From |
4 EEC Countries 4 China 4 Korea 4 Singapore 4 Pakistan 4 India 4 Australia 4 Taiwan |
|
Certifications |
4 ISO 9001:2008 |
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Group Name |
4 Popular Group |
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Subsidiaries /
Affiliates |
4 Popular Diagnostic Centre 4 Popular Infusions Limited 4 Popular
Agrovet Limited 4 Popular
Ophthalmic Limited |
|
Member |
4 Bangladesh Association of
Pharmaceuticals, Dhaka 4 Dhaka Chamber of Commerce &
Industries, Dhaka |
COMMENTS
The subject is a private limited company who is engaged in
manufacturing, exporting and selling of drugs and medicines. The company’s
factory is most modern and the quality of their products is of international
standard. Their products are popular and sold all over the country. The subject
is a concern of Popular Group. The subject started exporting its products to
overseas countries from September 2007.
The directors are well conversant in their line of trade and
they are also experienced businessman. They are financially solvent and good at
their business commitments, it is reported.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.38 |
|
UK Pound |
1 |
Rs.72.34 |
|
Euro |
1 |
Rs.63.87 |
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 |
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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 |
|
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 |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.