MIRA
INFORM REPORT
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Report Date : |
21.08.2013 |
IDENTIFICATION DETAILS
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Name : |
GLOBAL CAPSULES LTD. |
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Registered Office : |
37, Segun Bagicha, Dhaka -1000 |
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Country : |
Bangladesh. |
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Date of Incorporation : |
28.02.1990 |
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Com. Reg. No.: |
C-19382 |
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Legal Form : |
Private Company |
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Line of Business : |
Subject is mainly engaged in Gelatin & Empty hard gelatin Capsule |
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No. of Employees : |
250 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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Bangladesh |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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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 |
BANGLADESH - ECONOMIC OVERVIEW
In real terms Bangladesh's economy has grown 5.8% per year
since 1996 despite political instability, poor infrastructure, corruption,
insufficient power supplies, and slow implementation of economic reforms.
Bangladesh remains a poor, overpopulated, and inefficiently-governed nation.
Although more than half of GDP is generated through the service sector, 45% of
Bangladeshis are employed in the agriculture sector with rice as the
single-most-important product. Bangladesh's growth was resilient during the 2008-09
global financial crisis and recession. Garment exports, totaling $12.3 billion
in FY09 and remittances from overseas Bangladeshis, totaling $11 billion in
FY10, accounted for almost 12% of GDP.
Source
: CIA
IDENTIFICATION DETAILS
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Correct company Name |
: |
Global Capsules Ltd. |
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Registered office |
: |
37, Segun Bagicha, Dhaka -1000 Bangladesh. |
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Tel No |
: |
88-02-9336010, 9330191, 9337111, 9357244 |
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Fax No |
: |
88-02-832919, 8321905 |
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E-mail |
: |
azam.osl@opsonin.net,
zubair.gcl@opsonin.net |
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Website |
: |
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Date/ Year of Incorporation |
: |
28.02.1990 |
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Registered No. |
: |
C-19382 |
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Legal Form (General) |
: |
Public Listed Co Public (but not listed) Private Co State-owned Co Sole Proprietorships Partnership Not Registered others (please specify)
________________ |
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Legal form (Specific) |
: |
LTD CORP INC CO others (please specify)
________________ |
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Issuing Authority |
: |
Registrar
of Joint Stock Companies & Firms City Corporation Municipal Administration Union Council Cantonment Board Chief Controller of Import & Export (CCIE) |
FINANCIALS- SUMMARY
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Year |
Turnover/
Sales |
Assets |
Income |
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2011 |
Tk.280 million |
Tk.10 Crore |
Tk.1.85 million |
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2012 |
Tk.285 Million |
Tk.10.5 Crore |
Tk.2.00 Million |
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Exchange
Rate |
USD1-Tk. 77.8200 EUR 1- Tk. 100.2711 GBP 1- Tk.118.5354 AUD 1 - Tk.82.8563 JPY 1 - Tk.0.9286 |
CAD 1 - Tk.80.1887 SEK 1 - Tk.12.2870 SGD 1 - Tk.65.3045 CNH 1 - Tk.12.8399 |
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Sales Trend – Analysis: |
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2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
2010 |
2011 |
2012 |
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- |
- |
- |
- |
- |
- |
- |
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FULLCHECK REPORT DETAILS
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Information Parted By |
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Name |
: |
Mr. Ali Azam |
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Designation |
: |
Officer |
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Contract No |
: |
88-0171337 4939 |
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Locations Details |
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Business Address |
: |
37, Segun Bagicha, Dhaka -1000 Bangladesh. |
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Tel No |
: |
88-02-9336010, 9330191, 9337111, 9357244 |
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E-mail |
: |
azam.osl@opsonin.net,
zubair.gcl@opsonin.net |
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Fax No |
: |
88-02-832919, 8321905 |
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Website |
: |
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Location : |
: Owned |
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Rented |
Ö |
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Leased |
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Area |
3500 |
Sq. ft. |
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Type of Office : |
:
Commercial Office Bldg. |
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Semi-commercial
office Bldg. |
Ö |
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Retail shop |
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Industrial Park |
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Business Center |
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Home Office |
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Residential Bldg. |
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Factory: |
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Address |
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Rupatali, Barisal, Bangladesh. |
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Tel No |
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88-0431-3967,
2348, 2423, 2717 |
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Fax No |
: |
88-0431-2552 |
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Owned |
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Rented |
Ö |
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Leased |
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Area |
38000 |
Sq. ft. |
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Employee: |
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No. of Employees |
In Office |
: |
35 |
In Factory |
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215 |
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In Branch: |
: |
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Total |
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250 |
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Details:- |
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OWNERSHIP/SHAREHOLDERS
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Names of Shareholders |
No. of Share |
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Capt. Abdus Sabur Khan (Retd.) |
75000 |
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Abdur Rouf Khan |
75000 |
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Abdur Raquib Khan |
75000 |
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DIRECTORS
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Name |
Designation |
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Capt. Abdus Sabur Khan (Retd.) |
Chairman |
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Abdur Rouf Khan |
Vice Chairman |
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Abdur Raquib Khan |
Managing Director |
MANAGEMENT
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Name |
: |
Mr. Ali Azam |
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Email address |
: |
- |
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Nationality |
: |
Bangladeshi |
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Job Description |
: |
Officer |
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Other details |
: |
88-0171337 4939 |
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Name |
: |
Mr. Saifullah |
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Email address |
: |
- |
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Nationality |
: |
Bangladeshi |
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Job Description |
: |
HR |
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Other details |
: |
- |
business operations
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Nature of Activity : |
Manufacturer |
Ö |
Trader |
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Dealer |
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Distributor |
Ö |
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Exporter |
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Importer |
Ö |
Others |
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Range of
Products/Item Dealings In: |
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Products |
: |
Gelatin & Empty hard gelatin Capsule. |
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Production Capacity |
: |
N/A |
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Last Year
Production |
: |
N/A |
Trading Terms:
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Purchasing Terms: |
L/C |
Ö |
Cash |
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Others |
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Credit : |
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30 days |
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60 days |
Ö |
90 days |
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days |
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Selling Terms : |
L/C |
Ö |
Cash |
Ö |
Others |
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Credit : |
Ö |
30 days |
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60 days |
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90 days |
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days |
DETAILED DATA
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Trade Reference
& Related Parties |
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Overseas Clients |
: |
N/A |
Local Clients |
: |
Local Pharmaceuticals company |
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Overseas Suppliers |
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N/A |
Local Suppliers |
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N/A |
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Trade Markets |
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Exports |
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N/A |
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Imports |
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China, India, Germany, USA |
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Brand Name |
: |
N/A |
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Certified |
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N/A |
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Auditors |
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Ahmed Zaker & Co. Shaiham Sky View 45, Bijoy Nagar, Dhaka-1000 |
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Operation Status |
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Active |
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Member |
: |
N/A |
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CAPITAL STRUCTURE
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Authorized
Capital |
: |
Tk.15 Crore |
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Paid-up Capital |
: |
Tk.2,25,00,000 |
No.
of Shares |
: |
2,25,000 |
Share Value |
: |
Tk.100.00Each |
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Main Assets |
: |
Tk.10.5 Crore |
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FINANCIAL STATEMENT- DETAILED
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The subject company don’t submit update
financial figure to local registry office. |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
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Sister Concerns |
: |
Opso Saline Limited Opsonin Pharmaceuticals Limited Opsonin Bulk Drugs Limited Opsonin Chemical Ind. Ltd Crescent Chemicals Ltd Jokky Garments Ltd Global Heavy Chemical Limited |
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Subsidiary |
: |
N/A |
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Name of The Group |
: |
Opsonin Group |
BANKING
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Bank Name
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: |
AB Bank Limited |
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Bank Address |
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New Elephant
Road Branch, Novera Square ,House 05, Road 02 |
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Bank Name
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Uttara Bank Limited, |
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Bank Address |
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Shantinagar Branch 40 -41, Siddeswari Circular Road, KULSUM (1st Floor), Dhaka-1217, Mobile 01711-405144 |
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Bank Name
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United Commercial Bank Limited |
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Bank Address |
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Corporate Branch Plot- CWS-(A)-1, Road No- 34 Tel:88- 01730-318848 |
REPUTATION
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The subject
company product is good reputation in local market |
ADVERSE DATA MONITORING
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Dishonored Checks |
:
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No Record Found |
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Debt |
: |
No Record Found |
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Litigation |
: |
Clear |
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Performance Defaults |
: |
No Record Found |
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Adverse Local Media Coverage/ Adverse Filling History |
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No Record Found |
SITE VISIT COMMENTARY
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Our representative visited the subject company registered addresswhich
is situated at 37, Segun Bagicha, Dhaka -1000 Bangladesh |
GENERAL COMMENTS
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Established in 1990, the subject is mainly engaged in Gelatin &
Empty hard gelatin Capsule. Having been in operation for several years, the
subject maintains accepted business volume. Reputation in the market, as well as its financial condition, we recommended
that Credit can
proceed promptly in Fairly large amount |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.63.73 |
|
|
1 |
Rs.99.78 |
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Euro |
1 |
Rs.85.07 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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.