MIRA INFORM REPORT
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Report Date : |
27.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
ORGANIC PHARMACEUTICALS LIMITED |
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Registered Office : |
House No.54, Block-KA, Road No.3, PC Culture Housing, Shamoly,
Dhaka-1207 |
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Country : |
Bangladesh |
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Date of Incorporation : |
14.03.2006 |
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Com. Reg. No.: |
C-60868 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing, Marketing, Distribution of Poultry, dairy, Aqua product,
Food Additives and Floating Fish Feed |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
US$ 22,000.00 |
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Status : |
Moderate |
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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 – 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
COMPANY DETAILS
|
Name |
Organic Pharmaceuticals Limited |
|
Address |
House No.54, Block-KA,
Road No.3, PC Culture Housing, Shamoly, Dhaka-1207 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-8121753,
8225185 |
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Fax No |
880-2-8122357 |
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E-Mail |
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|
Website |
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Established |
2006 |
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Company Registration No |
C-60868 |
|
Registration date |
14th March 2006 |
|
Legal Status |
Private
Limited |
|
Issuing Authority |
The Registrar of Joint Stock Companies & Firms, Dhaka |
|
Business Type |
Importing,
Marketing & Distribution |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints
have been heard regarding payments from local suppliers or banks. |
LOCATIONS
|
Head Office |
House No.54, Block-KA, Road No.3, PC Culture Housing, Shamoly,
Dhaka-1207 |
|
Telephone No |
880-2-8121753,
8225185 |
|
Fax No |
880-2-8122357 |
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E-Mail |
|
|
Website |
|
|
Branch |
NIL |
|
Factory |
N/A |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
House
No.54, Block-KA, Road No.3, PC Culture Housing, Shamoly, Dhaka-1207 |
DIRECTORS
|
Name |
Dr. Mohammad
Sultan Mahmud |
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Designation |
Chairman & Managing Director |
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Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Wahidul
Alam |
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Designation |
Director |
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Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Dr. Mohammad
Sultan Mahmud |
|
Share Percentage |
70& |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Wahidul
Alam |
|
Share Percentage |
30% |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Importing,
Marketing & Distribution |
|
Items Dealing In |
Veterinary
Products |
|
Terms of Purchase |
Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
BANKERS
|
Name |
BRAC Bank
Limited |
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Branch |
Local Office
Branch |
|
Address |
Motijheel C/A, Dhaka |
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SWIFT |
N/A |
FINANCIAL INFORMATION
|
|
2009 |
2008 |
2007 |
|
Capital Investment |
Tk.16 million |
Tk.15 million |
Tk.15 million |
|
Turnover |
Tk.177 million |
Tk.175.6 million |
Tk.175 million |
|
Liability |
NIL |
NIL |
NIL |
|
Fixed Assets |
Tk.22 million |
Tk.20 million |
Tk.20 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.20 million |
|
Paid Up Capital |
Tk.150,00.00 |
|
Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
119.4642 |
|
U.S Dollar |
1 |
73.3900 |
|
European Euro |
1 |
103.3992 |
ADVERSE DATA MONITORING
|
Dishonored
Checks |
No Found |
|
Debt |
No Records Found |
|
Litigation |
No Records Found |
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Performance Defaults |
No Records Found |
|
Adverse Press
Coverage |
No Records Found |
|
Money Laundering |
No Records Found |
MAXIMUM RECOMMENDED CREDIT
|
Amount |
Based On |
|
US$ 22,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
53 |
|
Office Area (Sq.
Ft) |
2,100 sq. ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
3,800 sq. ft (rented) |
|
Range of
Products |
4 Poultry Feed 4 Dairy Feed 4 Aqua product 4 Floating Fish
Feed 4 Toxin Binders 4 Feed Proteins 4 Feed Enzymes |
|
Imported
From |
4 Bio Solutions Co. Ltd. (Thailand) 4 Thai Modern Co, Ltd. (Thailand 4 VMD, (Belgium) 4 Pfizer. (USA) 4 Meriden Animal Health, (England) 4 Diasham Pvt. Ltd.(Singapore) 4 International Biologicals Ltd.
(India) |
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Certification |
NIL |
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Group Name |
NIL |
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Subsidiaries /
Affiliates |
NIL |
|
Member |
4 Dhaka Chamber
of Commerce & Industry, Dhaka |
COMMENTS
The subject is a private limited company who is engaged in
Importing, Marketing, Distribution of Poultry, dairy, Aqua product, Food
Additives and Floating Fish Feed. The subject is marketing innovative products
in Joint collaboration with world leading research based pharmaceuticals
companies.
The directors are well conversant in their line of trade and
they are also experienced businessman. They are financially solvent and good at
his business commitments, it is reported.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.29 |
|
UK Pound |
1 |
Rs.73.84 |
|
Euro |
1 |
Rs.64.18 |
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.