|
Report Date : |
26.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
NOVO HEALTHCARE AND PHARMA LIMITED |
|
|
|
|
Registered Office : |
United House , |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
14.02.2004 |
|
|
|
|
Com. Reg. No.: |
C-51838 |
|
|
|
|
Legal Form : |
Private Limited
Company |
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|
|
|
Line of Business : |
Manufacturing & Exporting of Ready-Made Garments |
|
|
|
|
No. of Employees : |
2,300 |
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 |
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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) |
|
Bangladesh |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Name |
Novo Healthcare
and Pharma Limited |
|
Address |
Plot # 2, Road # 11, Block # C, Section # 6 , Mirpur, Dhaka-1216 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-8055455,
8057141 |
|
Fax No |
880-2-9002909 |
|
E-Mail |
|
|
Website |
|
|
Established |
2004 |
|
Company Registration No |
C-51838 |
|
Registration date |
14th February 2004
|
|
Legal Status |
Private Limited |
|
Issuing Authority |
The
Registrar of Joint Stock Companies & Firms, Chittagong |
|
Business Type |
Manufacturer,
Seller & Exporter |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
|
Head Office |
United House , 10 Gulshan Avenue, Gulshan-1,
Dhaka-1212 |
|
Telephone No |
880-2-9861000 |
|
Fax No |
880-2-9893445-6 |
|
E-Mail |
|
|
Website |
|
|
Branch |
NIL |
|
Factory |
Mirpur Plant Savar Plant |
|
Factory Tel No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
Mirpur Plant Savar Plant |
|
Name |
Mr. Hasan
Mahmood Raja |
|
Designation |
Chairman |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Ahmed Ismail
Hossain |
|
Designation |
Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. K. M. Ahsan
Shamim |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Akhter
Mahmud Rana |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Faridur
Rahman Khan |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Abul Kalam
Azad |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
Name |
Mr. Hasan
Mahmood Raja |
|
Share Percent |
36% |
|
Country |
Bangladeshi |
|
|
|
|
Name |
Mr. Ahmed Ismail
Hossain |
|
Share Percent |
18% |
|
Country |
Bangladeshi |
|
|
|
|
Name |
Mr. K. M. Ahsan
Shamim |
|
Share Percent |
18% |
|
Country |
Bangladeshi |
|
|
|
|
Name |
Mr. Akhter Mahmud
Rana |
|
Share Percent |
18% |
|
Country |
Bangladeshi |
|
|
|
|
Name |
Mr. Faridur
Rahman Khan |
|
Share Percent |
5% |
|
Country |
Bangladeshi |
|
|
|
|
Name |
Mr. Abul Kalam
Azad |
|
Share Percent |
5% |
|
Country |
Bangladeshi |
|
Line of Business |
Manufacturing
& Exporting |
|
Items Dealing In |
Ready-Made
Garments |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of
Purchase |
Local: Cash or Credit Export: Against L/C |
|
Name |
Prime Bank
Limited |
|
Branch |
Gulshan Branch |
|
Address |
Plot # 01, Block
# CEN(H), Road # 109, Gulshan Avenue, Dhaka-1212 |
|
SWIFT |
PRBLBDDH016 |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.54 million |
Tk.52 million |
Tk.52 million |
|
Turnover |
Tk.357 million |
Tk.355.6 million |
Tk.355 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.83 million |
Tk.80 million |
Tk.80 million |
|
Authorized
Capital |
Tk.400 million |
|
Paid Up Capital |
Tk.85,000,000.00 |
|
Each Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
132.0736 |
|
U.S Dollar |
1 |
81.8300 |
|
European Euro |
1 |
107.9338 |
|
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 |
|
Employees |
2,300 |
|
Office Area (Sq.
Ft) |
2,500 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
68,000 sq.ft (rented) |
|
Warehouse Area
(Sq. Ft) |
10,500 sq.ft (rented) |
|
Range
of Products |
4 Capsule 4 Cream 4 Dispersible Tablet 4
Injection 4 Oral
Gel 4
Pediatric Drop 4
Suspension 4 Syrup 4 Tablet |
|
Export
Market |
4 India 4 Vietnam 4 Africa |
|
Certifications |
NIL |
|
Group
Name |
4 United Group |
|
Subsidiaries
/ Affiliates |
4 United Hospital Ltd. 4 United Power Generation &
Distribution Co. Ltd. 4 Comilla Spinning Mills Ltd. 4 United International University 4 Neptune Land Development Ltd. 4 United Property Solutions Ltd. 4 United Makkah Madina Travel & Assistance
Co. Ltd. 4 United Polymers Ltd. 4 United Land Port Teknaf Ltd. 4 Khulna Power Company Limited 4 United Group Brokerage House 4 United Ashuganj Power Ltd. 4 United Rotospin Ltd. 4 United Enterprise & Co. Ltd. |
|
Member |
4 Dhaka Chamber of
Commerce & Industries, Dhaka 4 Bangladesh Association of
Pharmaceuticals |
|
Business Scale |
Large |
|
Business Trend |
Growing |
|
Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.49 |
|
UK Pound |
1 |
Rs.84.66 |
|
Euro |
1 |
Rs.69.25 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.