MIRA INFORM REPORT
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Report Date : |
25.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
AMBEE PHARMACEUTICALS LIMITED |
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Registered Office : |
House # 1, Road # 71, Gulshan-2,
Dhaka-1212 |
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Country : |
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Financials (as on) : |
30.09.2011 |
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Date of Incorporation : |
04.02.1976 |
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Com. Reg. No.: |
C-4714 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Manufacturer, Seller, Marketing & Exporter of Drugs & Medicines |
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No. of Employees
: |
2,500 |
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$ 45,000.00 |
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Status : |
Good |
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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Bangladesh |
B1 |
b1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
|
Name |
Ambee Pharmaceuticals
Limited |
|
Address |
184/1, Tejgaon
Industrial Area, Dhaka-1208 |
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Country |
Bangladesh |
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Telephone No |
880-2-8813991,
8813510 |
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Fax No |
880-2-8827777 |
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E-Mail |
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|
Website |
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Established |
1976 |
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Company Registration No |
C-4714 |
|
Registration date |
4th
February 1976 |
|
Legal Status |
Public Limited |
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Issuing Authority |
The Registrar of Joint Stock Companies & Firms, Dhaka |
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Business Type |
Manufacturer,
Seller, Marketing & Exporter |
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Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
|
Corporate Head Office |
House # 1,
Road # 71, Gulshan-2, Dhaka-1212 |
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Telephone No |
880-2-8813991,
8813510 |
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Fax No |
880-2-8827777 |
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E-Mail |
|
|
Website |
www.ambeepharma.com |
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Branch |
National Distribution Cell: House No. 01, Road No. 71, Gulshan Circle - 2, Dhaka-1212 Phone: (00880)-(2)-9896406, 9896255 Fax: (00880)-(2)-8827777 Mobile: 01912-131703; Khulna
Sales Depot: 47, Khan Jahan Ali Road,Khulna - 9000,
Bangladesh Mobile: 01912-131769 Chittagong Sales Depot: Zeenat Center(1st Floor), 100, East Nasirabad, Chittagong -4203, Mobile: 01912-131780 Bogra Sales Depot: 4/19, Sutrapur, Jaleswaritala, Bogra - 5800,
Bangladesh Phone: (0088)-(051)-73821 Mobile: 01912-131705 Sylhet
Sales Depot: House No. 23, Road No. 4, Housing Estate, Ambarkhana, Sylhet 3100 Mobile: 01912-131706 Barisal
Sales Depot: 33/34, Jabbarmiar Goli, Police line Road,
Barisal - 4200, Mobile: 01912-002272 Comilla Sales Depot: 856, Bagichagaon,Ananda, Kanan, Comilla - 3500, Bangladesh Mobile: 01912-016667 Mymensingh Sales Depot: 9/Ka, Bishwasshari Devi Road, Mymensingh - 2200, Bangladesh Mobile: 01912-131789 Rangpur Sales Depot: House No. 39, Road No. 1, Dhap. Cantonment Road, Lalkuther More, Rangpur - 5400 Mobile: 01912-131704 Rajshahi
Sales Depot: House No. 139, Road No. 3, Section - 3, Uposhor, Rajshahi – 6201 Mobile: 01912-131402 |
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Factory |
184/1,
Tejgaon Industrial Area, Dhaka-1208 |
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Factory Tel No |
880-2-8824409,8828884 |
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Factory Fax No |
N/A |
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Warehouse |
184/1, Tejgaon Industrial Area, Dhaka-1208 |
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Name |
Mr. Aziz Mohammad Bhai |
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Designation |
Chairman |
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Nationality |
Bangladeshi |
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Name |
Mrs. Naureen Aziz Mohammad Bhai |
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Designation |
Managing
Director |
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Nationality |
Bangladeshi |
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Name |
Mrs. Khatija Mohammad Bhai |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mrs. Nurjehan Hudda |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mrs. Sakina Miraly |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Nasrulah Miraly |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Laszlo Nemes |
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Designation |
Director |
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Nationality |
UNKNOWN |
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Name |
Mrs. Georgina Gruber |
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Designation |
Director |
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Nationality |
UNKNOWN |
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Name |
Mr. AFM. Azim |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Sponsor Directors
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|
Share Percent |
64.27% |
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Country |
Bangladesh |
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Name |
Institutions |
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Share Percent |
22.12% |
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Country |
Bangladesh |
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Name |
Foreign |
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Share Percent |
8.95% |
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Country |
Bangladesh |
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Name |
General
Shareholders |
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Share Percent |
4.66% |
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Country |
Bangladesh |
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Line of Business |
Manufacturer,
Seller, Marketing & Exporter |
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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 Export: Against L/C |
|
Name |
National Bank of Pakistan |
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Branch |
Motijheel Branch |
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Address |
79, Motijheel C/A, Dhaka- 1000 |
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SWIFT |
N/A |
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|
|
|
Name |
Agrani Bank Limited |
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Branch |
Motijheel Branch |
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Address |
Amin Court Branch, 62-63, Motijheel C/A, Dhaka -1000 |
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SWIFT |
N/A |
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|
|
|
Name |
Eastern Bank Limited |
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Branch |
Gulshan Branch |
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Address |
Concord Richmond, 68, Gulshan Avenue, Gulshan, Dhaka 1212 |
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SWIFT |
N/A |
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|
Name |
United Commercial Bank Limited |
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Branch |
Corporate Headoffice Branch |
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Address |
Plot # CWS (A) 1, Gulshan Avenue, Dhaka - 1212 |
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SWIFT |
N/A |
Balance Sheet
As At 30 September
2011
Currency:
Taka (In Thousand)
|
Assets |
Taka
|
|
Tangible
Fixed Assets |
58,022 |
|
Property,
Plant & Equipment - Carrying Value |
56,805 |
|
Plant
& Machinery of Injectable Unit (un-installed) |
1,217 |
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Total
long-term assets |
|
|
Current
Assets |
227,672 |
|
Inventories |
111,327 |
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Accounts
Receivable |
61,895 |
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Advances,
Deposits and Pre-payments |
52,498 |
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Cash
and Cash Equivalents |
1,952 |
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Current
Liabilities and Provisions |
232,796 |
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Bank
Loans (Secured) |
115,964 |
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Creditors
and Other Payables |
107,820 |
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Deferred-tax
Liability |
9,012 |
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Net
Current (Liability)/Assets |
(5,124) |
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Net
Assets |
52,898 |
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Financed
by : |
|
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Shareholder's
Equity |
52,548 |
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Share
Capital |
20,000 |
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Tax
Holiday Reserve |
5,134 |
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Retained
Earnings |
27,764 |
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Total
Shareholder's Equity |
52,548 |
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Net
Asset Value per share (NAV) |
26.45
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Income Statement
For the Half-Year
Ended 30 September 2011
Currency: Taka (In
Thousand)
|
|
Taka
|
|
Sale
(Turnover) from Net Sales |
204,190
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Cost and Expenses : |
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Cost of Goods
Sold |
84,675 |
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Administrative
Expenses |
8,594 |
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Marketing and
Selling Expenses |
95,823 |
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Financial Expenses |
9,233 |
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Total Costs and
Expenses |
198,325 |
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Net Profit before income-tax |
1,760 |
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Net Profit after
income-tax |
4,106 |
|
Earnings Per
Share (EPS) |
2.05 |
Auditors: M/S. Howlader Yunus & Co.
Chartered
Accountants
67, Dilkusha C/A,
Dhaka - 1000
|
Authorized
Capital |
Tk.25 million |
|
Paid Up Capital |
Tk.20million |
|
Each Share Value |
Tk.10.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
132.0900 |
|
U.S Dollar |
1 |
81.8300 |
|
European Euro |
1 |
108.1874 |
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Dishonored
Checks |
No Found |
|
Debt |
No Records Found |
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Litigation |
No Records Found |
|
Performance
Defaults |
No Records Found |
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Adverse Press
Coverage |
No Records Found |
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Money Laundering |
No Records Found |
|
Amount |
Based On |
|
US$ 45,000.00 |
90 days |
|
Employees |
2,500 |
|
Office Area (Sq.
Ft) |
3,200 sq.ft (own) |
|
Factory Area
(Sq. Ft) |
2.5 acres of lands (Own) |
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Warehouse Area
(Sq. Ft) |
20,000 sq.ft.(Own) |
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Range of
Products |
4 Tablets 4 Capsules 4 Liquids 4 Gel in Tubes 4 Injections |
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Export
Market |
4 SAARC Countries 4 Africa |
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Certifications |
4 ISO 9001 |
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Group Name |
NIL |
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Subsidiaries /
Affiliates |
NIL |
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Stock Code |
4 AMBEEPHA |
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Enlisted With |
4 Dhaka Stock Exchange Limited,
Dhaka 4 Chittagong Stock Exchange Limited,
Chittagong |
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Member |
4 Dhaka Chamber
of Commerce & Industries, Dhaka 4 Bangladesh
Association of Pharmaceuticals, Dhaka |
|
Business Scale |
Large |
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Business Trend |
Growing |
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Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.79 |
|
UK Pound |
1 |
Rs.85.17 |
|
Euro |
1 |
Rs.69.53 |
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 |
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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.