MIRA INFORM REPORT
|
Report Date : |
31.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
OPSO SALINE LIMITED |
|
|
|
|
Registered Office : |
37 Segun Bagicha,
Dhaka-1000 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
11.06.1987 |
|
|
|
|
Com. Reg. No.: |
C-15465 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacturing, Selling and Exporting of I.V. Fluids & others |
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 |
|
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 – 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 |
|
Restricted |
C2 |
|
Off-credit |
D |
COMPANY DETAILS
|
Name |
Opso Saline
Limited |
|
Address |
Bagura Road, Barisal |
|
Country |
Bangladesh |
|
Telephone No |
880-431-52348, 53967 |
|
Fax No |
880-431-52552 |
|
E-Mail |
|
|
Website |
|
|
Established |
1987 |
|
Company Registration No |
C-15465 |
|
Registration date |
11th
June 1987 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of Joint Stock Companies, Dhaka |
|
Business Type |
Manufacturer, Seller & Exporter |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
LOCATIONS
|
Head Office |
37 Segun Bagicha, Dhaka-1000 |
|
Telephone No |
880-2-9330191, 9357244 |
|
Fax No |
880-2-8312919 |
|
E-Mail |
info@opsoglobal.com |
|
Website |
www.opsoglobal.com |
|
Branch |
4 Dhaka 4 Chittagong 4 Sylhet 4 Mymensingh 4 Rangpur 4 Comilla 4 Borga 4 Khulna 4 Pabna 4 Barishal |
|
Factory |
Bogura
Road, Barishal |
|
Factory Telephone No |
880-431-52348, 53967 |
|
Factory Fax No |
880-431-52552 |
|
Warehouse |
Bogura Road,
Barishal |
DIRECTORS
|
Name |
Capt. M. A. Bashar Khan |
|
Designation |
Chairman |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Abdur Rouf
Khan |
|
Designation |
Managing
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Abdur Rakib Khan |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Capt. M. A.
Bashar Khan |
|
Share Percent |
30% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Abdur Rouf
Khan |
|
Share Percent |
50% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Abdur Rakib
Khan |
|
Share Percent |
20% |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Manufacturer, Seller & Exporter |
|
Items Dealing In |
I.V. Fluids
& Others |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit Export: Against L/C |
BANKERS
|
Name |
EXIM Bank
Limited |
|
Branch |
Eskaton Road
Branch |
|
Address |
Eskaton Road, Dhaka |
|
SWIFT |
N/A |
|
|
|
|
Name |
Uttara Bank
Limited |
|
Branch |
Bangabandhu
Avenue Branch |
|
Address |
Bangabandhu Avenue, Dhaka |
|
SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2009 |
2008 |
2007 |
|
Investment |
Tk.1.2 billion |
Tk.1 billion |
Tk.1 billion |
|
Turnover |
Tk.3.7 billion |
Tk.3.3 billion |
Tk.3 billion |
|
Liability |
Tk.60 million |
Tk.62 million |
Tk.65 million |
|
Assets |
Tk.5.3 million |
Tk.5 million |
Tk.5 million |
* The subject has flatly refused to reveal any information. Whatever given here is collected un-officially and as such its authenticity could not be verified.
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.50 million |
|
Paid Up Capital |
Tk.5 million |
|
Each Share Value |
Tk.100.00 |
EXCHANGE
RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
121.3320 |
|
U.S Dollar |
1 |
73.4900 |
|
European Euro |
1 |
105.1274 |
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 |
1,400 |
|
Office Area (Sq.
Ft) |
5,500 sq.ft (own) |
|
Factory Area
(Sq. Ft) |
2.1 acres of lands (own) |
|
Warehouse Area
(Sq. Ft) |
8,900 sq.ft.(own) |
|
Range of
Products |
4 I.V.
Fluids 4
Ophthalmic/Otic, Nasal Drops 4
Ophthalmic Ointments 4
Steripack Disposable Syringe 4
Steripack Unibody Insulin Syringe 4 Scalp
Vein Set 4
Infusion Giving Set |
|
Export Market |
4 Myanmar 4 Pakistan 4 Philippines 4 Sri Lanka 4 Bhutan 4 Ukraine 4 Yemen 4 Jordan 4 Saudi Arabia |
|
Raw Materials
From |
4 USA 4 EEC
Countries 4
Malaysia 4 Korea 4 China 4
Singapore 4
Thailand 4
Australia 4 Denmark 4 Hong Kong |
|
Major Clients |
4 Medical College 4 Private Clinic 4 Local Markets |
|
Certifications |
4 ISO-9001: 2000 |
|
Group Name |
4 Opsonin Group |
|
Subsidiaries /
Affiliates |
4 Opsonin
Pharma Limited 4 Opsonin Bulk Drugs Limited 4 Opsonin Consumer Products Limited 4 Global
Heavy Chemical Limited 4 Global
Capsules Limited |
|
Member |
4 Bangladesh Aushad Manufacturers
Association, Dhaka 4 Dhaka Chamber of Commerce & Industries,
Dhaka |
COMMENTS
The subject is a private limited company engaged in
manufacturing, selling and exporting of I.V. Fluids & others. The subject
is a concern of Opsonin Group.
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 commitment, it reported.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.10 |
|
UK Pound |
1 |
Rs.74.27 |
|
Euro |
1 |
Rs.64.35 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.