|
Report Date : |
14.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
POPULAR PHARMACEUTICALS LIMITED |
|
|
|
|
Registered Office : |
Sheltech Panthokunjo, 17 Shukrabad, West Panthopath, Dhaka-1207 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
08.12.2002 |
|
|
|
|
Com. Reg. No.: |
C-47852 |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Manufacturer, Exporter & Seller of Drugs
& Medicines |
|
|
|
|
No. of Employees : |
420 |
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 |
POPULAR PHARMACEUTICALS LIMITED |
|
Address |
Sheltech Panthokunjo, 17 Shukrabad, West Panthopath, Dhaka-1207 Note: The
subject operates from this address. |
|
Country |
Bangladesh |
|
Telephone No |
880-2-9128976, 9101730-32, 9102850-53 |
|
Fax No |
880-2-9134054, 9134096 |
|
E-Mail |
|
|
Website |
www.popular-pharma.com |
|
Established |
December 2002 |
|
Company Registration No |
C-47852 |
|
Registration date |
8th December 2002 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Register of Joint Stock Companies &
Firms, Dhaka |
|
Business Type |
Manufacturer, Exporter & Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local suppliers or banks. |
|
Head Office |
Sheltech Panthokunjo, 17 Shukrabad, West Panthopath, Dhaka-1207 |
|
Telephone No |
880-2-9128976, 9101730-32, 9102850-53 |
|
Fax No |
880-2-9134054, 9134096 |
|
E-Mail |
|
|
Website |
www.popular-pharma.com |
|
Branch |
4 Dhaka 4 Chittagong 4 Sylhet 4 Bogra 4 Khulna 4 Rangpur 4 Rajshahi 4 Barishal 4 Comilla 4 Noakhali 4 Mymensing 4 Narayanganj 4 Faridpur |
|
Factory |
164, Tongi Industrial Area, Tongi, Gazipur-1711, Dhaka |
|
Factory Telephone No |
880-2-9812971-5 |
|
Factory Fax No |
880-2-9812976 |
|
Warehouse |
164, Tongi Industrial Area, Tongi, Gazipur-1711, Dhaka |
|
Name |
Dr. Mustafizur Rahman |
|
Designation |
Chairman & Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Nazim Ferdous |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
Name |
Dr. Mustafizur Rahman |
|
Share Percent |
60% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Nazim Ferdous |
|
Share Percent |
40% |
|
Nationality |
Bangladeshi |
|
Line of Business |
Manufacturer, Exporter & 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 |
Standard Chartered Bank |
|
Branch |
Main Branch |
|
Address |
Dilkusha Commercial Area, Dhaka |
|
SWIFT |
N/A |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.32 million |
Tk.27 million |
Tk.27 million |
|
Turnover |
Tk.158 million |
Tk.153 million |
Tk.152.8 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.52 million |
Tk.50 million |
Tk.48 million |
|
Authorized
Capital |
Tk.100 million |
|
Paid Up Capital |
Tk.500, 000.00 |
|
Each Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka
(BDT) |
|
Great Britain Pound |
1 |
121.6866 |
|
U.S Dollar |
1 |
77.7600 |
|
European Euro |
1 |
103.5530 |
|
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 |
420 |
|
Office Area (Sq.
Ft) |
2,200 sq.ft (own) |
|
Factory Area
(Sq. Ft) |
40,000 sq.ft (own) |
|
Warehouse Area
(Sq. Ft) |
5,900 sq.ft.(own) |
|
Range of
Products |
4 Tablets 4 Capsules 4 Suspensions 4 Injections 4 Eye Drops 4 Creams 4 Ointments 4 Insulin |
|
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 Overseas: 4 Lundbeck, Denmark 4 Alstone Phama Inc,
USA 4 Rafi Systems Inc, USA |
|
Export
Market |
4 Sri Lanka 4 Kenya 4 Macau 4 Somalia 4 Nigeria 4 Belize 4 Afghanistan 4 Guatemala 4 Vietnam |
|
Raw Materials
From |
4 EEC Countries 4 China 4 Korea 4 Singapore 4 Pakistan 4 India 4 Australia 4 Taiwan |
|
Certifications |
4 ISO 9001:2008 |
|
Group Name |
4 Popular Group |
|
Subsidiaries /
Affiliates |
4 Popular Diagnostic Centre 4 Popular
Infusions Limited 4 Popular Agrovet Limited 4 Popular Ophthalmic 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.58.41 |
|
|
1 |
Rs.91.62 |
|
Euro |
1 |
Rs.78.12 |
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.