MIRA INFORM REPORT

Report Date :

25.04.2014

IDENTIFICATION DETAILS

Name :	THE ACME LABORATORIES LIMITED.

Registered Office :	1/4, Mirpur Road, Kallayanpur, Dhaka-1211

Country :	Bangladesh

Date of Incorporation :	17.03.1976

Com. Reg. No.:	C-4745

Legal Form :	Private Company

Line of Business :	Manufacturer and Exporter of Tablets, Capsules, Syrup & Suspicion

No of Employees :	7000 (In Office – 100 and In Factory - 6900)

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Good

Payment Behaviour :	Regular

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 31, 2014

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

Bangladesh

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

BANGLADESH - ECONOMIC OVERVIEW

Bangladesh's economy has grown roughly 6% per year since 1996 despite political instability, poor infrastructure, corruption, insufficient power supplies, slow implementation of economic reforms, and the 2008-09 global financial crisis and recession. Although more than half of GDP is generated through the service sector, almost half of Bangladeshis are employed in the agriculture sector with rice as the single-most-important product. Garment exports, the backbone of Bangladesh’s industrial sector and 80% of total exports, surpassed $21 billion last year, 18% of GDP. The sector has remained resilient in recent years amidst a series of factory accidents that have killed over 1,000 workers and crippling strikes that shut down virtually all economic activity. Steady garment export growth combined with remittances from overseas Bangladeshis, which totaled almost $15 billion and 13% of GDP IN 2013, are the largest contributors to Bangladesh’s current account surplus and record foreign exchange holdings.

Source : CIA

Note

Factory: Dhulivita, Dhamri, Dhaka, Bangladesh.

Corporate Office: 1/4, Mirpur Road, Kallayanpur, Dhaka-1216, Bangladesh.

IDENTIFICATION DETAILS

Correct company Name	:	The Acme Laboratories Limited.
Head Office	:	1/4, Mirpur Road, Kallayanpur, Dhaka-1211, Bangladesh.
Tel No	:	880-2-9004194-6
Fax No	:	88-02-9016872, 8012475, 9016515
E-mail	:	mrahman.ppic@acmeglobal.com tkundu.hr@acmeglobal.com rahsan.iso@acmeglobal.com
Website	:	www.acmeglobal.com
Date/ Year of Incorporation	:	17.03.1976
Incorporation No.	:	C-4745
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)


Year	Turnover/ Sales	Assets	Income
Feb’ 11~March’ 12	Tk. 420 Million	Tk. 10906.75 Million	Tk. 45.95 Million
Feb’ 12~ March’ 13	Tk. 465 Million	Tk. 11056.23 Million	Tk. 58.72 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

Information Parted By

Name	:	Mr. S. M. Rezaul Ahsan
Designation	:	Operating Development Manager.
Contract No	:	-

Locations Details

Operating Address	:	1/4, Mirpur Road, Kallayanpur, Dhaka-1216, Bangladesh.
Tel No	:	880-2-9004194-6
Fax No	:	88-02-9016872, 8012475, 9016515
E-mail	:	mrahman.ppic@acmeglobal.com tkundu.hr@acmeglobal.com rahsan.iso@acmeglobal.com
Website	:	www.acmeglobal.com

Location :

: Owned

Rented

Leased

Area

3900

Sq. ft.

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

Factory:

Address	:	Dhulivita, Dhamri, Dhaka, Bangladesh.
Tel No	:	Nil
Fax No	:	Nil

Location :

Owned

Rented

Leased

Area

56000

Sq. ft.

Branches:

Address	:	Nil
Tel No	:	Nil
Fax No	:	Nil

Employee:

No. of Employees	In Office	:	100	In Factory	:	6900
	In Branch:	:	-	Total	:	7000
Details:


Names of Shareholders	No. of Share
Mr. Nasir-Ur-Rahman Sinha	119915
Mr. Mizanur Rahman Sinha	139900
Dr. Jabil- Ur- Rahman Sinha	119915
Mr. Afzalur Rahman Sinha	119915
Late Hamidur Rahman Sinha	725
Mrs. Parvin Akhter Nasir	89935
Mrs. Jahanara Mizan Sinha	89935
Mrs. Hasina Jabil Sinha	85910
Mrs. Nagina Afzal Sinha(Sirin Afzal)	93960
Mrs. Nazma Rahman	69945
Mrs. Laizu Dabir (Khurshid jehan Dabir)	69945

Name

Designation

Mr. Nasir-Ur-Rahman Sinha

Chairman

Mr. Mizanur Rahman Sinha

Managing Director

Dr. Jabil- Ur- Rahman Sinha

Director

Mr. Afzalur Rahman Sinha

Director

Late Hamidur Rahman Sinha

Director

Mrs. Parvin Akhter Nasir

Director

Mrs. Jahanara Mizan Sinha

Director

Mrs. Hasina Jabil Sinha

Director

Mrs. Nagina Afzal Sinha(Sirin Afzal)

Director

Mrs. Nazma Rahman

Director

Mrs. Laizu Dabir (Khurshid jehan Dabir)

Director

Name

Mr. S. M. Rezaul Ahsan

Job Description

Operating Development Manager.

Nationality

Bangladeshi.

Email address

N/A

Other details

N/A


Nature of Activity :	Manufacturer	Ö	Trader	Dealer	Distributor

	Exporter	Ö	Importer	Services	Others

Item Dealings In:

Products	:	Tablets, Capsules, Syrup & Suspicion.
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	Ö	Cash		Others
	Credit :		30 days		60 days	Ö	90 days			days

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, Germany, Malaysia, Thailand.

Brand Name

N/A

Certified

N/A

Auditors

N/A

Operation Status

Active.

Member

Dhaka Chamber of Commerce & Industry.

Authorized Capital

Tk. 500 Crore.

Paid-up Capital

Tk. 9,97,25,000

No. of Shares

9,97,250

Share Value

Tk.100.00Each

Main Assets

Tk. 11056.23 Million

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

Sister Concerns

Acme Distribution Ltd.

Acme Consumer Products Ltd.

Acme Beverage Ltd.

Acme Overseas Trading Ltd.

Mars Aviation ltd.

Mars Universal ltd.

Mars Air Ltd.

Ambe Cleaning Ltd.

Acme Specialized Pharmaceuticals ltd.

The Acme Agro & Beverages Ltd.

The Acme IT Ltd.

Sinha Printers Ltd.

Sinha Printers

The ACMONIO International Pvt. Ltd

The Acme Laboratories Ltd.

Subsidiary

N/A

Name of The Group

Acme Group.

Bank Name

Brack Bank Ltd.

Bank Address

Motijheel Branch

107, Motijheel C/A, Dhaka

Phone:88-02- 9550307, 9550382, 9562567

Fax: 88-02 7190374

Bank Name

Janata Bank Ltd.

Bank Address

Motijheel Branch,

48, Motijheel Commercial Area, Dhaka-1000

PABX: 88-02-9566094, 9565003, 9566089, 9560219, 9564375

Phone: 88-02-9558509, 7168883, 9571676, 9554654

Fax:88-02-7113233

Bank Name

Dhaka Bank Ltd.

Bank Address

Motijheel Branch,

48, Motijheel Commercial Area, Dhaka-1000

PABX: 88-02-9566094, 9565003, 9566089, 9560219, 9564375

Phone: 88-02-9558509, 7168883, 9571676, 9554654

Fax:88-02-7113233

Bank Name

Agrani Bank Ltd.

Bank Address

Motijheel Branch,

48, Motijheel Commercial Area, Dhaka-1000

PABX: 88-02-9566094, 9565003, 9566089, 9560219, 9564375

Phone: 88-02-9558509, 7168883, 9571676, 9554654

Fax:88-02-7113233


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

Our Representative Visited the subject company Head office which is situated at 1/4, Mirpur Road, Kallayanpur, Dhaka-1216, Bangladesh. The subject company Operating Development Manager Mr. S. M. Rezaul Ahsan welcome us & given us all information. Its office is situated at Semi-Commercial area which is well decorated.

Subject is mainly engaged in Manufacturer & Exporter of Tablets, Capsules, Syrup, Suspicion. The subject company maintains acceptable business volume.

Based on the financial statements, SC’s financial performance appears to be above average. Having been in operation for several years, Subject enjoys some recognition and impact in the line.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.07
UK Pound	1	Rs.102.77
Euro	1	Rs.84.49

INFORMATION DETAILS

Analysis Done by :	RSM

Report Prepared by :	MNL

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.

MIRA INFORM REPORT

IDENTIFICATION DETAILS

Information Parted By

Locations Details

Unit