MIRA INFORM REPORT
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Report Date : |
09.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
INCEPTA PHARMACEUTICALS LIMITED |
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Registered Office : |
40 Shahid Tajuddin Ahmed Sarani, Tejgaon
I/A, Dhaka-1208 |
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Country : |
Bangladesh |
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Date of Incorporation : |
24.02.1999 |
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Com. Reg. No.: |
C-37317 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Manufacturer, Seller & Exporter of Drugs & Medicines |
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No. of Employees
: |
650 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
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$ 50,000.00 |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 |
|
Name |
Incepta Pharmaceuticals Limited |
|
Address |
40 Shahid Tajuddin
Ahmed Sarani, Tejgaon I/A, Dhaka-1208 |
|
Country |
Bangladesh |
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Telephone No |
880-2-8891688-703 |
|
Fax No |
880-2-8891190 |
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E-Mail |
|
|
Website |
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Established |
1999 |
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Company Registration No |
C-37317 |
|
Registration date |
24th
February 1999 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of Joint Stock of Companies & Firms, Dhaka. |
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Business Type |
Manufacturer, Seller & Exporter |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local suppliers or banks. |
|
Head Office |
40 Shahid
Tajuddin Ahmed Sarani, Tejgaon I/A, Dhaka-1208, Bangladesh |
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Telephone No |
880-2-8891688-703 |
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Fax No |
880-2-8891190 |
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E-Mail |
|
|
Website |
www.inceptapharma.com |
|
Regional Sales Office |
Ahmed Mansion, 24
Shantinagar, Chamelibagh, Dhaka, |
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Branch |
4 Chittagong 4 Sylhet 4 Bogra 4 Khulna 4 Rangpur 4 Barishal 4 Comilla 4 Cox’s Bazar 4 Jessore 4 Mymensing 4 Faridpur |
|
Factory |
Dewan
Idris Road, Jirabo, Savar, Dhaka |
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Factory Telephone No |
880-2-7792502-6 |
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Factory Fax No |
880-2-7792507 |
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Warehouse |
Dewan Idris
Road, Jirabo, Savar, Dhaka |
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Name |
Mr. M Abdul
Muktadir |
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Designation |
Chairman &
Managing Director |
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Nationality |
Bangladeshi |
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|
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Name |
Mr. M.E. Hossian |
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Designation |
Director |
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Nationality |
Bangladeshi |
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|
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Name |
Mrs. Sitara
Jabeen |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mrs. Kona Reza |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mrs. Keka Reza |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mrs. Farhana Huq |
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Designation |
Director |
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Nationality |
Bangladeshi |
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|
Name |
Mr. Tahseen
Ahmed Khan |
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Designation |
Director |
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Nationality |
Bangladeshi |
|
Name |
Mr. M Abdul
Muktadir |
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Designation |
20% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. M.E. Hossian |
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Designation |
20% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mrs. Sitara
Jabeen |
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Designation |
20% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mrs. Kona Reza |
|
Designation |
10% |
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Nationality |
Bangladeshi |
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|
Name |
Mrs. Keka Reza |
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Designation |
10% |
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Nationality |
Bangladeshi |
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|
Name |
Mrs. Farhana Huq |
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Designation |
10% |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Tahseen
Ahmed Khan |
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Designation |
10% |
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Nationality |
Bangladeshi |
|
Line of Business |
Manufacturer,
Seller & Exporter |
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Items Dealing In |
Drugs &
Medicines |
|
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 / TT |
|
Name |
IFIC Bank
Limited |
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Branch |
Motijheel Branch |
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Address |
Motijheel Commercial Area, Dhaka |
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SWIFT |
N/A |
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|
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|
Name |
National Bank
Limited |
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Branch |
Local Office
Branch |
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Address |
Dhaka |
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SWIFT |
N/A |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.30 million |
Tk.30 million |
Tk.27 million |
|
Turnover |
Tk.394.6 million |
Tk.394 million |
Tk.391.6 million |
|
Liability |
Tk.0.6 million |
Tk.1.3 million |
Tk.2 million |
|
Assets |
Tk.54 million |
Tk.54 million |
Tk.50 million |
|
Authorized
Capital |
Tk.30 million |
|
Paid Up Capital |
Tk.0.2 million |
|
Each Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
128.7708 |
|
U.S Dollar |
1 |
81.7800 |
|
European Euro |
1 |
107.5652 |
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Dishonored
Checks |
No Found |
|
Debt |
No Records Found |
|
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$ 50,000.00 |
90 days |
|
Employees |
650 |
|
Office Area (Sq.
Ft) |
3,300 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
1.5 Acres of land (own) |
|
Warehouse Area
(Sq. Ft) |
7,800 sq.ft. (own) |
|
Range of
Products |
4 Tablets 4 Capsules 4 Suspensions 4 Injections 4 Eye Drops 4 Creams 4 Ointments |
|
Raw Materials
From |
4 EEC Countries 4 Daewoong-----Korea 4 Singapore 4 Pakistan 4 Malaysia 4 Ribbon-----Italy |
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Brand Name |
Incepta |
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Number of
Products |
110 |
|
Major Clients |
4 Central Medical Store
Depot, Bangladesh Government 4 Bangladesh
Army 4 Bangladesh Rifles 4 Police Hospital 4 BIRDEM 4 Chittagong Medical College &
Hospital 4 M.A.G. Osmani Medical College
& Hospital Sylhet 4 HCDP (Health care Development
project) 4 Apollo
Hospitals 4 United Hospital 4 Square
Hospitals Ltd 4 Labaid Cardiac
Hospital 4 Lab Aid Specialized Hospital |
|
Certifications |
NIL |
|
Group Name |
Impress Group |
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Subsidiaries / Affiliates |
4 Impress Telefilms Limited 4 Impress
Channels Limited 4 Impress
Garments Limited 4 Impress Textiles Limited |
|
Member |
4 Bangladesh Aushad Shilpa Samity,
Dhaka 4 Dhaka Chamber of Commerce &
Industries, Dhaka |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.57 |
|
UK Pound |
1 |
Rs.79.57 |
|
Euro |
1 |
Rs.66.50 |
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 |
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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.