MIRA INFORM REPORT

 

 

Report Date :           

16.05.2011

 

IDENTIFICATION DETAILS

 

Name :

PHARMA PACKAGES (PVT.) LIMITED

 

 

Registered Office :

Square Center, 48 Mohakhali C/A, Dhaka-1212

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

05.10.2002

 

 

Com. Reg. No.:

4-R15408

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacturing & Selling of plastic packaging materials

 

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

 

Maximum Credit Limit :

US$ 25,000.00

Status :

Satisfactory

Payment Behaviour :

No Complaints

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Bangladesh

b1

b1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

COMPANY DETAILS

 

Name

Pharma Packages (Pvt.) Limited

Address

Square Centre, 48 Mohakhali Commercial Area, Dhaka-1212

Country

Bangladesh

Telephone No

880-2-883 3047-56, 880-2-885 9007

Fax No

880-2-882 8768, 883 5021, 882 8609

E-Mail

info@squaregroup.com

Website

www.squaregroup.com

Established

2002

Company Registration No

4-R15408

Registration date

5th October 2002

Legal Status

Private Limited

Issuing Authority 

The Registrar of Joint Stock Companies, Dhaka

Business Type

Manufacturer & Seller

Status

Satisfactory

Payment Behavior

No complaints have been heard regarding payments 

from banks.

 

 

LOCATIONS

 

Corporate Headquarter

Square Center, 48 Mohakhali C/A, Dhaka-1212, Bangladesh

Telephone No

880-2-883 3047-56, 880-2-885 9007

Fax No

880-2-882 8768, 883 5021, 882 8609

E-Mail

info@squaregroup.com

Website

www.squaregroup.com

Branch

NIL

Factory

BSCIC, Hemayetpur, Pabna

Factory Telephone No

N/A

Factory Fax No

N/A

Warehouse

BSCIC, Hemayetpur, Pabna

 

DIRECTORS

 

Name

Mr. Samson H. Chowdhury

Designation

Chairman

Nationality

Bangladeshi

 

 

Name

Mr. Tapan Chowdhury

Designation

Managing Director

Nationality

Bangladeshi

 

 

Name

Mr. Anjan Chowdhury

Designation

Director

Nationality

Bangladeshi

 

 

SHAREHOLDERS

 

Name

Mr. Samson H. Chowdhury

Share Percent

30%

Nationality

Bangladeshi

 

 

Name

Mr. Tapan Chowdhury

Share Percent

50%

Nationality

Bangladeshi

 

 

Name

Mr. Anjan Chowdhury

Share Percent

20%

Nationality

Bangladeshi

 

 

BUSINESS DETAILS

 

Line of Business

Manufacturer & Seller

Items Dealing In

Plastic Packaging Materials

Terms of Purchase

Local: cash or Credit

Import: Against L/C

Terms of Sale

Local: cash or Credit

 

 

BANKERS

 

Name

Janata Bank Limited

Branch

Mohakhali Branch

Address

Mohakhali C/A, Dhaka

SWIFT

N/A

 

 

FINANCIAL INFORMATION

 

Year

2008

2007

 

2006

Investment

Tk.40 million

Tk.40 million

Tk.38 million

Turnover

Tk.350.4 million

Tk.350 million

Tk.348 million

Liability

NIL

NIL

NIL

Assets

Tk.61 million

Tk.61 million

Tk.60 million

 

 

CAPITAL STRUCTURE

 

Authorized Capital

Tk.50 million

Paid Up Capital

Tk.350,000.00

Each Share Value

Tk.100

 

 

EXCHANGE RATE

 

Currency

Unit

Bangladeshi Taka (BDT)

 

Great Britain Pound

1

118.5301

U.S Dollar

1

73.2300

European Euro

1

103.2543

 

ADVERSE DATA MONITORING

 

Dishonored Checks

No Found

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$ 25,000.00

90 days

 

 

GENERAL INFORMATION

 

Employees

480

Office Area (Sq. Ft)

3,500 Sq.Ft (own)

Factory Area (Sq. Ft)

45,000 sft. (own)

Warehouse Area (Sq. Ft)

8,400 Sq.Ft. (own)

Range of Products

4 Plastic Packaging Materials 

Major Clients 

4 Local Pharmaceuticals & Other Industries 

Certifications

NIL

Group Name

4 Square Group

Subsidiaries / Affiliates

4 Square Pharmaceuticals Ltd

4 Square Textiles Ltd

4 Square Toiletries Ltd

4 Square Consumer Products Ltd

4 Square Knit Fabrics Ltd

4 Square Fashions Ltd

4 Square Hospitals Limited

4 Square Informatix Limited

4 Square Herbal And Nutraceuticals Ltd

4 Square Securities Management Ltd

4 Square Health & Hygiene Products Ltd

4 Square Cephalosporins Ltd

4 Square Agro Development And Processing Ltd

4 Square Holdings Ltd

4 Square Yarns Limited

4 Media Com Limited

4 Square Infosystems Ltd

4 Astras Limited

4 Barnali Printers Ltd

4 Aegis Services Limited

4 Sabazpur Tea Company Ltd

4 Square Biotech Ltd

4 Square Air Ltd

Member

4 Dhaka Chamber of Commerce & Industry, Dhaka

 

 

COMMENTS

 

The subject is a private limited company engaged in manufacturing & selling of plastic packaging materials in local market. The subject is a concern of Square Group, a renowned business house of Bangladesh.

 

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.44.91

UK Pound

1

Rs.73.06

Euro

1

Rs.64.03

 

 

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

----

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.