|
Report Date : |
03.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
PACIFIC PHARMACEUTICALS LIMITED |
|
|
|
|
Registered Office : |
Morga Para, Sonargaon, Narayanganj |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
1987 |
|
|
|
|
Com. Reg. No.: |
C-41364 |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Manufacturer & Seller of Drugs & Medicines |
|
|
|
|
No. of Employees : |
1,150 |
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 |
|
|
|
|
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) |
|
Bangladesh |
B1 |
B1 |
|
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 |
|
Name |
PACIFIC PHARMACEUTICALS LIMITED |
|
Address |
Morga Para, Sonargaon, Narayanganj |
|
Country |
Bangladesh |
|
Telephone No |
880-2-9567923-26 |
|
Fax No |
880-2-9565530 |
|
E-Mail |
info@pacificpharma-bd.com |
|
Website |
www.pacificpharma-bd.com |
|
Established |
1987 (As Proprietorship Company) |
|
Company Registration No |
C-41364 |
|
Registration date |
21st September 2000 (As Private Limited Company) |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of Joint Stock of Companies & Firms, Dhaka |
|
Business Type |
Manufacturer & Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local suppliers or banks. |
|
Head Office |
5, Wyre Street,Wari,Dhaka-1203 |
|
Telephone No |
880-2-9567923-26 |
|
Fax No |
880-2-9565530 |
|
E-Mail |
info@pacificpharma-bd.com |
|
Website |
www.pacificpharma-bd.com |
|
Branch |
Dhaka Depot
(Central) 5, Nawab Street, Wari, Dhaka - 1203 Comilla Depot Kandirpar, Comilla Bogra Depot Moiz Miar Bagan Bari,
Kanchgari |
|
Factory |
Morga Para, Sonargaon, Narayanganj |
|
Factory Telephone No |
NIL |
|
Factory Fax No |
NIL |
|
Warehouse |
Morga Para, Sonargaon, Narayanganj |
|
Name |
Mrs. Joyati Roy Chowdhury |
|
Designation |
Chairman |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Keshabendra Roy Chowdhury |
|
Designation |
Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Banibrata Chakraborty |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
Name |
Mrs. Joyati Roy Chowdhury |
|
Designation |
40% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Keshabendra Roy Chowdhury |
|
Designation |
40% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Banibrata Chakraborty |
|
Designation |
20% |
|
Nationality |
Bangladeshi |
|
Line of Business |
Manufacturer & Seller |
|
Items Dealing In |
Drugs & Medicines |
|
Terms of
Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
|
Name |
Mercantile Bank Limited |
|
Branch |
Motijheel Branch |
|
Address |
Motijheel C/A, Dhaka |
|
SWIFT |
N/A |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.40 million |
Tk.38 million |
Tk.38 million |
|
Turnover |
Tk.344 million |
Tk.342.6 million |
Tk.342 million |
|
Liability |
Tk.7.6 million |
Tk.9.5 million |
Tk.10 million |
|
Assets |
Tk.54 million |
Tk.52 million |
Tk.52 million |
|
Authorized Capital |
Tk.100 million |
|
Paid Up Capital |
Tk.50 million |
|
Each Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka
(BDT) |
|
Great Britain Pound |
1 |
117.6664 |
|
U.S Dollar |
1 |
77.7600 |
|
European Euro |
1 |
100.6214 |
|
Dishonored
Checks |
No Found |
|
Debt |
No Found |
|
Litigation |
No Records Found |
|
Performance
Defaults |
No Records Found |
|
Adverse Press
Coverage |
No Records Found |
|
Money Laundering |
No Records Found |
|
Employees |
1,150 |
|
Office Area (Sq.
Ft) |
2,800 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
2 Acres of land (own) |
|
Warehouse Area
(Sq. Ft) |
7, 500 sq.ft. (own) |
|
Range of
Products |
4 Drugs Relating to GI Tract & Metabolism 4 Oral Antidiabetics 4 Vitamins & Minerals 4 Blood & Blood Forming Agents 4 Cardiovascular Drugs 4 Anti-infective Agents 4 Analgesic & Antipyretics 4 Non-steroidal Anti-inflammatory Drugs 4 Fertility Stimulant 4 Drugs Relating to Central Nervous System 4 Respiratory Tract Related Drugs 4 Supplement 4 Antifungal Preparation |
|
Raw Materials
From |
4 EEC Countries 4 Korea 4 Singapore 4 Pakistan 4 Italy |
|
Major Clients |
4 Local Government Medicals 4 Local Specialized Hospitals 4 Local Individuals |
|
Certifications |
NIL |
|
Group Name |
NIL |
|
Subsidiaries /
Affiliates |
4 M.C. Roy Chowdhury & Co. Limited |
|
Member |
4 Bangladesh Association of Pharmaceuticals, Dhaka 4 Dhaka Chamber of Commerce & Industries, Dhaka |
|
Business Scale |
Fairly Large |
|
Business Trend |
Growing |
|
Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.49 |
|
|
1 |
Rs.86.81 |
|
Euro |
1 |
Rs.73.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.