MIRA INFORM REPORT

 

 

Report Date :

01.10.2011

 

IDENTIFICATION DETAILS

 

Name :

SOCIAL MARKETING COMPANY

 

 

Registered Office :

Zamirdia Seed Store, Bhaluka, Mymensingh

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

17.08.1974

 

 

Com. Reg. No.:

T284

 

 

Legal Form :

Charitable Trade Organization   

 

 

Line of Business :

Manufacturer, Importer & Seller of Contraceptive Items

 

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$ 30,000.00

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

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

Social Marketing Company

Address

Zamirdia Seed Store, Bhaluka, Mymensingh

Country

Bangladesh

Telephone No

880-2-8811423-29

Fax No

880-2-8827583, 8822625

E-Mail

smc.corp@smc-bd.org

Website

www.smc-bd.org

Established

August 1974

Company Registration No

T284

Registration date

17th August 1974

Legal Status

Charitable Trade Organization   

Issuing Authority

The Registrar of Joint Stock Companies & Firms, Dhaka

Business Type

Manufacturer. Importer & Seller

Status

Satisfactory

Payment Behavior

No complaints have been heard regarding payments from local suppliers or banks.

 

 

LOCATIONS

 

Head Office

SMC Tower, 33 Banani C/A, Dhaka-1213

Telephone No

880-2-8811423-29

Fax No

880-2-8827583, 8822625

E-Mail

smc.corp@smc-bd.org

Website

www.smc-bd.org

Sales Office

Dhaka East Area Office

Senior Sales Manager

House # 6/5

Block-E

Lalmatia

Mohammadpur

Dhaka-1207

 

Dhaka West Area Office

Sales Manager

77-78, Janata Cooperative Housing Society Ltd

Ring Road

Adabor

Dhaka-1207

 

Chittagong Area Office

Sales Manager

House # 271, Road # 12,

Block-B

Chandgaon CDA R/A

Chittagong

 

Bogra Area Office

Sales Manager

House # 5, Road # 25

Upashahar

Bogra

 

Kushtia Area Office

Sales Manager

‘Bithikalaya'

22/21, Hazi Abdur Razzak Lane

Courtpara

Kushtia

 

Sylhet Area Office

Sales Manager

Tanim Villa,

Anamika A-4

East Shahi Eidgah

Sylhet

 

Comilla Area Office

Sales Manager

‘Dharitry'

House-1, Section-2, Block-H

Housing Estate

Comilla

 

Barisal Area Office

Sales Manager

“Khondoker Villa”

366/390, Forster Bari Lane

Nabogram Road

Barisal

 

Khulna Area Office

Sales Manager

125/126, Mojid Shoroni

Sonadanga R/Z

Khulna

 

Mymensingh Area Office

Sales Manager

21, Maskanda

Dhaka Road

Mymensingh

 

Rangpur Area Office

Sales Manager

"Malancha"

House # 53, Road # 1

(Near Forest Office)

R.K. Road

Rangpur

 

Rajshahi Area Office

Sales Manager

House # 106, Road-2

Sector-2

Sapura Housing Estate, Upashahar

Rajshahi

Factory

Zamirdia Seed Store, Bhaluka, Mymensingh

Factory Telephone No

N/A

Factory Fax No

N/A

Warehouse

Zamirdia Seed Store, Bhaluka, Mymensingh

 

 

DIRECTORS

 

Name

Mr. Jalaluddin Ahmed

Designation

Chairman

Nationality

Bangladeshi

 

 

Name

Mr. Muhammad Ali

Designation

Director

Nationality

Bangladeshi

 

 

Name

Mr. Md. Siddique Ullah

Designation

Director

Nationality

Bangladeshi

 

 

Name

Mrs. Niloufer Manzur

Designation

Director

Nationality

Bangladeshi

 

 

Name

Mrs. Rokeya Quader

Designation

Director

Nationality

Bangladeshi

 

 

Name

Mrs. S. R. Ghuznavi-

Designation

Director

Nationality

Bangladeshi

 

 

BUSINESS DETAILS

 

Line of Business

Manufacturer, Importer & Seller

Items Dealing In

Contraceptive Items

Terms of Purchase

Local: Cash or Credit

Import: Against L/C

Terms of Sale

Local: Cash or Credit

 

 

BANKERS

 

Name

Standard Chartered Bank

Branch

Gulshan Branch

Address

Gulshan, Dhaka

SWIFT

N/A

 

 

Name

Sonali Bank Limited

Branch

Principals Branch

Address

Motijheel Commercial Area, Dhaka-1000

SWIFT

N/A

 

 

FINANCIAL INFORMATION

 

 

 

2010

 

2009

2008

 

Capital Investment

Tk.2.5 billion

Tk.2 billion

Tk.2 billion

Turnover

Tk.6.3 billion

Tk.5.9 billion

Tk.5.8 billion

Liability

NIL

NIL

NIL

Fixed Assets

Tk.2 billion

Tk.1.6 billion

Tk.1.6 billion

 

 

CAPITAL STRUCTURE

 

Authorized Capital

N/A

Paid Up Capital

N/A

Each Share Value

N/A

 

 

EXCHANGE RATE

 

Currency

Unit

Bangladeshi Taka (BDT)

 

Great Britain Pound

1

117.3669

U.S Dollar

1

75.2400

European Euro

1

102.0254

 

 

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$ 30,000.00

90 Days

 

GENERAL INFORMATION

 

Employees

434

Office Area (Sq. Ft)

5,850 sq.ft (own)

Factory Area (Sq. Ft)

30,000 sq.ft (own)

Warehouse Area (Sq. Ft)

5,000  sq.ft.(own)

Range of Products

Family Planning

Hormonals

4 Oral Contraceptive Pill

4 Injectable

4 Condom

 

STD/AIDS Prevention   

4 Condom

 

Child Health      

Diarrheal Management             

4 ORS

4 Zinc Tablet     

             

Micronutrition Product              

4 Micronutrition Powder

4 Zinc Tablet

 

Maternal Health Product           

4 Safety Kit

Brand Name

Pills

4 Femicon

4 Minicon

4 Nordette-28

4 Femipil

 

Condoms

4 Raja

4 HERO

4 Panther

4 Sensation

4 U&ME

 

Injectable

4 SOMA-JECT

 

ORS

4 ORSaline-N

4 ORSaline Fruity

Programs  

4 Social Franchising - Blue Star program

4 Health Communication Program

4 Special Family Planning Campaign Program in Sylhet and

    Chittagong-"Shukh Pakhi"

4 Tuberculosis (TB) Control Program

4 Maternal and Neonatal Health Program (Jatone Raton)

4 HIV/AIDS Prevention Programme - Modhumita

Imported From 

4 USA

Owned By

4 US Aid

4 Government of Bangladesh

Certification

NIL

Group Name

NIL 

Subsidiaries / Affiliates

NIL

Member

4 Dhaka Chamber of Commerce & Industry, Dhaka

 

 

COMMENTS

 

The subject is a charitable non-profit trade organization who is engaged in manufacturing, impoting & selling of Contraceptive Items such as Family Planning products, STD/AIDS Prevention products, Child Health products, Micronutrition Products & Maternal Health Products in local market. The subject is joint venture organization between US AID and Bangladesh Government. 

 

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.48.92

UK Pound

1

Rs.76.52

Euro

1

Rs.66.64

 

 

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.