MIRA INFORM REPORT

Report Date :

31.12.2013

IDENTIFICATION DETAILS

Name :	KEMIKO PHARMACEUTICALS LIMITED

Registered Office :	338, Segun Bagicha, Dhaka-1000

Country :	Bangladesh

Date of Incorporation :	28.04.1986

Com. Reg. No.:	C-15516

Legal Form :	Private Co

Line of Business :	Manufacturer and Exporter of Tablet, Capsule, Syrup, Powder for Suspension, Injection, Cream, Ointment Also in the pipe line, there are products like Oral Rehydration Salt (ORS), Ophthalmic products, Herbal products, Veterinary products.

No. of Employees :	7000

RATING & COMMENTS

MIRA’s Rating :

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
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 30, 2013

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

Bangladesh

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
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

company name and address

Correct company Name	:	Kemiko Pharmaceuticals Limited
Head Office	:	338, Segun Bagicha, Dhaka-1000, Bangladesh.
Tel No	:	880-2-8313561, 9347725
Fax No	:	88-02-9340085
E-mail	:	corporate@kemikopharma.com , adminfty@kemikopharma.com
Website	:	www.kemikopharma.com
Date/ Year of Incorporation	:	28.04.1986
Incorporation No.	:	C-15516
Legal Form (General)	:	Public Listed Co Public (but not listed) Private Co State-owned Co Sole Proprietorships Partnership Not Registered others (please specify) ________________
Legal form (Specific)	:	LTD CORP INC CO others (please specify) ________________
Issuing Authority	:	Registrar of Joint Stock Companies & Firms City Corporation Municipal Administration Union Council Cantonment Board Chief Controller of Import & Export (CCIE)

FINANCIALS- SUMMARY


Year	Turnover/ Sales	Assets	Income
July’ 11~June’ 12	Tk. 355 Million	Tk. 20 Million	Tk. 39.60 Million
July’ 12~June’ 13	Tk. 410 Million	Tk. 25 Million	Tk. 42.21 Million
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

FULLCHECK REPORT DETAILS

*Information Parted By*

Name	:	Mr. Saifur Rahman.
Designation	:	Senior Executive.
Contract No	:	N/A

*Locations Details*

Operating Address	:	338, Segun Bagicha, Dhaka-1000, Bangladesh.
Tel No	:	880-2-8313561, 9347725
E-mail	:	corporate@kemikopharma.com adminfty@kemikopharma.com
Fax No	:	88-02-9340085
Website	:	www.kemikopharma.com

Location :

: Owned

Rented

Leased

Area

3200

Sq. ft.

Type of Office :	: Commercial Office Bldg.	Ö		Semi-commercial office Bldg.
	Retail shop		Industrial Park
	Business Center		Home Office
	Residential Bldg.

Factory:

Address	:	Tikapara, Ghoramara, Rajshahi, Bangladesh.
Tel No	:	880-721-774469, 774214
Fax No	:	880-721- 774469

Location :

Owned

Rented

Leased

Area

62800

Sq. ft.

Branches:

Address	:	Nil
Tel No	:	Nil
Fax No	:	Nil

Employee:

No. of Employees	In Office	:	97	In Factory	:	6993
	In Branch:	:	-	Total	:	7000
Details:

OWNERSHIP/SHAREHOLDERS

Names of Shareholders	No. of Share
Mr. M.A. Kalam	400500
Mr. M.S.Jalal	100
Grand Holdings Ltd	20000
Mr. Md. Abul Monsuir	50
Mr. Md. Abdul Wahab	50
Mrs. Nurul Akhter Aurora	11000
Mr. Md. Nurul Kalam aswad	7120

DIRECTORS

Name	Designation
Mr. M.A. Kalam	Chairman
Mrs. Nurul Akhter Aurora	Managing Director
Mr. M. S. Jalal	Director
Mr. Md. Abul Monsuir	Director
Mr. Md. Abdul Wahab	Director
Mr. Md. Nurul Kalam aswad	Director

MANAGEMENT

Name	:	Mr. Saifur Rahman
Job Description	:	Senior Executive
Nationality	:	Bangladeshi
Email address	:	N/A
Other details	:	N/A

BUSINESS OPERATIONS

Nature of Activity :	Manufacturer	Ö	Trader	Dealer	Distributor	Ö

	Exporter	Ö	Importer	Services	Others

Item Dealings In:

Products	:	Tablet, Capsule, Syrup, Powder for Suspension, Injection, Cream, OintmentAlso in the pipe line, there are products like Oral Rehydration Salt (ORS), Ophthalmic products, Herbal products, Veterinary products.
Production Capacity	:	N/A
Last Year Production	:	N/A

Trading Terms:

Purchasing Terms:	L/C	Ö	Cash		Others
	Credit :		30 days		60 days	Ö	90 days			days

Selling Terms :	L/C		Cash	Ö	Others
	Credit :	Ö	30 days		60 days		90 days			days

DETAILED DATA

Trade Reference & Related Parties	:	Overseas Clients			:	N/A	Local Clients	:	N/A
		Overseas Suppliers			:	N/A	Local Suppliers	:	N/A
Trade Markets	:	Exports			:	N/A
		Imports			:	China, India, Korea, Japan, Turkey, Etc.

Brand Name			:	N/A
Certified			:	Nil
Auditors			:	N/A
Operation Status			:	Active
Member			:	N/A

CAPITAL STRUCTURE


Authorized Capital	:	Tk. 10 Crore.
Paid-up Capital	:	Tk. 4, 38,82,000	No. of Shares	:	4, 38,820	Share Value	:	Tk.100.00Each
Main Assets	:	Tk. 25 Million.

FINANCIAL STATEMENT- DETAILED

The subject company don’t submit update full financial figure to local registry office.

ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES

Sister Concerns	:	Nil
Subsidiary	:	N/A
Name of The Group	:	Nil

BANKING

Bank Name

Pubali Bank Ltd.

Bank Address

B.B. Avenue Branch.

65, B.B. Avenue, Dhaka-1000 Bangladesh.

880 2 9550600 880 2 9555406

ADVERSE DATA MONITORING

Dishonored Checks	:	No Record Found
Debt	:	No Record Found
Litigation	:	Clear
Performance Defaults	:	No Record Found
Adverse Local Media Coverage/ Adverse Filling History	:	No Record Found

SITE VISIT COMMENTARY

The subject company is a private company engaged in Manufacturer, Exporter & Distributor. Its office situated at 338, Segun Bagicha, Dhaka-1000, Bangladesh. The subject company is financially solvent.

Mr. Nurul Akter-Managing Director of the company. He is experienced businessman in this line of trade.

We checked the local registry office & found that information’s.

The subject company is ok for normal business engagements.

GENERAL COMMENTS

Based on the financial statements, SC’s financial performance appears to be average. SC has been in its line of business for about 27 years. Taking into account its long-standing history, reputation in the market, as well as its financial condition, we recommend that credit may proceed in moderate amounts.

Adopted Abbreviations:
NA- Not Available	TK- Bangladeshi Taka

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.00
UK Pound	1	Rs.102.17
Euro	1	Rs.85.19

INFORMATION DETAILS

Report Prepared by :

NIS

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.