MIRA INFORM REPORT
|
Report Date : |
24.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
GENTRY PHARMACEUTICALS LIMITED |
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|
|
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Registered Office : |
82, Lake Drive Road, Sector – 7, Uttara, Dhaka 1230 |
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Country : |
Bangladesh |
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Date of Incorporation : |
02.06.2008 |
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Com. Reg. No.: |
C-8596 |
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Legal Form : |
Private Limited |
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Line of Business : |
Importer, Manufacturer & Seller of Animal Health Pharmaceuticals
Products. |
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No. of Employees : |
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 |
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Payment Behaviour : |
Usually 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) |
|
Bangladesh |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
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
COMPANY DETAILS
|
Name |
Gentry Pharmaceuticals Limited |
|
Address |
82, Lake Drive Road, Sector – 7, Uttara, Dhaka 1230
|
|
Country |
Bangladesh |
|
Telephone No |
880-2-8931056,
8931057, 7912936, 01966604004 |
|
Fax No |
880-2-7912937 |
|
E-Mail |
|
|
Website |
www.gentrycorp.com |
|
Established |
2008 |
|
Company Registration No |
C-8596 |
|
Registration date |
2nd June 2008 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The
Registrar of Joint Stock Companies & Firms, Dhaka |
|
Business Type |
Importer,
Manufacturer & Seller |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
Locations
|
Head Office |
82,
Lake Drive Road, Sector – 7, Uttara, Dhaka 1230 |
|
Telephone No |
880-2-8931056,
8931057, 7912936, 01966604004 |
|
Fax No |
880-2-7912937 |
|
E-Mail |
|
|
Website |
www.gentrycorp.com |
|
Branch |
NIL |
|
Factory |
Ozarkhala,
Katarapara, Kandirpar, Comilla |
|
Factory Tel No |
NIL |
|
Factory Fax No |
NIL |
|
Warehouse |
Ozarkhala, Katarapara, Kandirpar, Comilla |
Directors
|
Mr. Asadot Daullah |
|
|
Designation |
Chairman |
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Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Reazul Hasan |
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Designation |
Managing Director |
|
Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mr. Asadot
Daullah |
|
Share Percent |
50% |
|
Country |
Bangladeshi |
|
|
|
|
Name |
Mr. Reazul
Hasan |
|
Share Percent |
50% |
|
Country |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Importer,
Manufacturer & Seller |
|
Items Dealing In |
Animal Health
Pharmaceuticals Products |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
BANKERS
|
Name |
Standard Chartered Bank |
|
Branch |
Banani Branch |
|
Address |
Kamal Ataturk Avenue, Banani, Dhaka |
|
SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.20 million |
Tk.18 million |
Tk.18 million |
|
Turnover |
Tk.151.9 million |
Tk.150.6 million |
Tk.150 million |
|
Liability |
Tk.4 million |
Tk.5.6 million |
Tk.6 million |
|
Assets |
Tk.30 million |
Tk.28 million |
Tk.28 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.5 million |
|
Paid Up Capital |
Tk.250,000.00 |
|
Each Share Value |
Tk.100.00 |
CURRENCY EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
117.9137 |
|
U.S Dollar |
1 |
77.8000 |
|
European Euro |
1 |
100.4165 |
ADVERSE DATA MONITORING
|
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 |
GENERAL INFORMATION
|
Employees |
150 |
|
Office Area (Sq.
Ft) |
1,800 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
22,000 sq.ft (rented) |
|
Warehouse Area
(Sq. Ft) |
3,500 sq.ft (rented) |
|
Range of
Products |
4 Feed
Additives 4 Nutritional
Products 4 Antibiotics 4 Protein
Suppliment Preix 4 Anthelmintics 4 Antiprolozoal
Drug |
|
Import From |
4 Han
Dong Korea 4 Ecolex,
Malaysia |
|
Certifications |
NIL |
|
Group Name |
NIL |
|
Subsidiaries /
Affiliates |
4 Gentry Corporation Limited 4 Precisa Techno Trade |
|
Member |
4 Dhaka Chamber
of Commerce & Industries, Dhaka 4 Animal Health
Companies Association of Bangladesh(AHCAB) |
BUSINESS TREND & PROSPECT
|
Business Scale |
Medium |
|
Business Trend |
Growing |
|
Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.99 |
|
|
1 |
Rs.84.19 |
|
Euro |
1 |
Rs.71.86 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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.