|
Report Date : |
04.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
ESKAYEF BANGLADESH LIMITED. |
|
|
|
|
Registered Office : |
Gulshan Tower (9th Floor), Plot#3153, Gulshan North C/A,
Dhaka-1212 |
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Country : |
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Date of Incorporation : |
12.01.1979 |
|
|
|
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Com. Reg. No.: |
C-7055 |
|
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|
|
Legal Form : |
Private Co
|
|
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|
|
Line of Business : |
Manufacturer, Distributors and Importer of Tablet (Uncoated, Film Coated, Enteric Coated & Sugar Coated
Tablet), Capsule, Powder for Suspension (Including Paediatrics drops), Small
Volume Liquid Sachet, Topical Preparation. |
|
|
|
|
No of Employees : |
3200 (In Office -55, In Factory – 3145) |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
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 |
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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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Bangladesh |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
IDENTIFICATION DETAILS
|
||
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|
||
|
Correct
company Name |
: |
Eskayef Bangladesh Limited. |
|
Head
Office |
: |
Gulshan Tower (9th Floor), Plot#3153,
Gulshan North C/A, Dhaka-1212, Bangladesh. |
|
Tel
No |
: |
88-02-8834268-9, 8818327, 8814662 |
|
Fax
No |
: |
88-02-9897864 |
|
E-mail |
: |
skf@transcombd.com |
|
Website |
: |
www.skfbd.com |
|
Date/
Year of Incorporation |
: |
12.01.1979 |
|
Incorporation No. |
: |
C-7055 |
|
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
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|
Year |
Turnover/ Sales |
Assets |
Income |
|
July’
11~June’ 12 |
Tk. 315 Million |
Tk. 300 Million |
Tk. 136.50 Million |
|
July’
12~June’ 13 |
Tk. 450 Million |
Tk. 311.65 Million |
Tk. 152.35 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 |
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FULLCHECK
REPORT DETAILS
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Information Parted By |
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Name |
: |
Mr. Md. Basirul
Hoque Chowdhury. |
|
Designation |
: |
HR Officer. |
|
Contract No |
: |
- |
|
Locations Details |
||
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||
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Operating
Address |
: |
Gulshan Tower (9th Floor), Plot#3153,
Gulshan North C/A, Dhaka-1212, Bangladesh. |
|
Tel
No |
: |
88-02-8834268-9, 8818327, 8814662 |
|
Fax
No |
: |
88-02-9897864 |
|
E-mail |
: |
ahnd@skf.transcombd.com skf@transcombd.com |
|
Website |
: |
www.skfbd.com |
|
Location : |
: Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
8450 |
Sq. ft. |
|
Type of Office : |
: Commercial Office Bldg. |
Ö |
|
Semi-commercial
office Bldg. |
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|
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Retail shop |
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Industrial Park |
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Business Center |
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Home Office |
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Residential
Bldg. |
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Factory: |
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Address |
: |
2/C, North
East Darus Salam Road, Mirpur-1, Dhaka-1216, Bangladesh. |
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Tel
No |
: |
88-02-8011445, 8011395 |
|
Fax
No |
: |
88-02 9000833 |
|
Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
50000 |
Sq. ft. |
|
Factory2
: |
|
|
|
|
|
|
|
Address |
: |
400, Squib
Road, Industrial Area, Tongi, Gazipur, Bangladesh. |
|
Tel
No |
: |
88-02-9802127, 9802128 |
|
Fax
No |
: |
88-02-9801859 |
|
Location : |
Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
39000 |
Sq. ft. |
|
Branches: |
|
|
|
|
|
|
|
Address |
: |
Turning Square,
158 Kamal Attatuk Avenue, Block # E, Banani-1213, Bangladesh. |
|
Tel
No |
: |
88-02-8824761 |
|
Fax
No |
: |
Nil |
|
Employee: |
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|||||||
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No. of Employees |
In Office |
: |
55 |
In Factory |
: |
3145 |
||
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In Branch: |
: |
- |
Total
|
: |
3200 |
|||
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Details: |
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OWNERSHIP/SHAREHOLDERS
|
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Names of Shareholders |
No. of Share |
|
Mr. Latifur Rahman |
1 |
|
Mrs. Shaanaz Rahman |
1 |
|
Mr. Saifur Rahman |
1 |
|
Mr. Atiqur Rahman |
1 |
|
Trance Com Limited |
423208 |
DIRECTORS
|
|
|
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|
Name |
Designation |
|
Mr. Latifur Rahman |
Chairman |
|
Mrs. Simeen Hossain |
Managing Director |
|
Mr. Saifur Rahman |
Director |
|
Mr. Atiqur Rahman |
Director |
|
Mr. Arshad Waliur Rahman |
Director |
|
Mrs. Shaanaz Rahman |
Director |
|
Mrs. Shahzreh Huq |
Director |
MANAGEMENT
|
||
|
|
|
|
|
Name |
: |
Mr. Md. Basirul Hoque Chowdhury. |
|
Job
Description |
: |
HR Officer. |
|
Nationality |
: |
Bangladeshi. |
|
Email
address |
: |
N/A |
|
Other
details |
: |
N/A |
|
|
|
|
|
Name |
: |
Mr. Tariqul Islam. |
|
Job
Description |
: |
Front Desk. |
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Nationality |
: |
Bangladeshi. |
|
Email
address |
: |
N/A |
|
Other
details |
: |
N/A |
BUSINESS OPERATIONS
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Nature
of Activity : |
Manufacturer |
Ö |
Trader |
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Dealer |
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Distributor |
Ö |
|
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|
|||||||
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Medicines |
Ö |
Importer |
Ö |
Drags |
Ö |
Others |
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Item Dealings In: |
||
|
|
||
|
Products |
: |
Tablet
(Uncoated, Film Coated, Enteric Coated & Sugar Coated Tablet), Capsule,
Powder for Suspension (Including Paediatrics drops), Small Volume Liquid
Sachet, Topical Preparation. |
|
Production
Capacity |
: |
Mirpur Plant: 1.25 Crore Packs per year. Tangi
Plant : 1.61 Crore Packs per year. |
|
Last Year Production |
: |
Do. |
|
Depots |
: |
20 |
|
Regions |
: |
20 |
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 |
|
|
|||
|
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Credit
: |
Ö |
30
days |
|
60
days |
|
90
days |
|
|
days |
DETAILED DATA
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Trade
Reference & Related Parties |
: |
Overseas Clients |
: |
Germany, UAE, Nepal,
Bhutan, Sri Lanka, Myanmar, Vietnam, Ghana, Iraq, Indonesia,
Kenya, Guatemala, Belize, Yemen, Macau and Somalia. |
Local Clients |
: |
N/A |
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Overseas Suppliers |
: |
N/A |
Local Suppliers |
: |
N/A |
|
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Trade Markets |
: |
Exports |
: |
Germany, UAE, Nepal,
Bhutan, Sri Lanka, Myanmar, Vietnam, Ghana, Iraq, Indonesia,
Kenya, Guatemala, Belize, Yemen, Macau and Somalia. |
|
||||||
|
Imports |
: |
China, India, Pakistan, Thailand, Germany,
USA. |
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Brand Name |
: |
N/A |
|||||||||
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Certified |
: |
ISO 9001:2000 |
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Auditors |
: |
N/A |
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Operation Status |
: |
Active. |
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Member |
: |
Dhaka Chamber of Commerce &
Industry. |
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CAPITAL STRUCTURE
|
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||||||||
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Authorized
Capital |
: |
Tk. 50 Crore. |
|
||||||
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Paid-up
Capital |
: |
Tk.4, 23,21,200 |
No. of Shares |
: |
4, 23,212 |
Share Value |
: |
Tk.100.00Each |
|
|
Main
Assets |
: |
Tk. 311.65 Million. |
|
||||||
FINANCIAL STATEMENT- DETAILED
|
|
|
|
The
subject company don’t submit update full financial figure to local registry
office. |
ASSOCIARES/SUBSIDIARIES/ RELATED
PARTIES
|
||
|
|
||
|
Sister
Concerns |
: |
Eskayef Bangladesh
Limited. Transcom Distribution Co.
Ltd. Transcom Beverages
Limited. Transcom Electronics
Limited. Transcom Foods Limited. Bangladesh Lamps Limited.
Bangladesh Electrical Industries
Ltd. Prothom Alo –Newspaper. ABC Radio. Transcraft Ltd. Reliance Insurance Ltd. The Daily Star
–Newspaper. Mediaworld Ltd. W.Rahman Jute Mills Ltd. Transfin Trading Limited. Trinco Limited. Transcom Limited. Tea Holdings Limited. Bangladesh Lamps Ltd. Tea Holdings Limited. Pizza Hut (Restaurant). KFC (Restaurant). M.Rahman Tea Company Ltd. Marina Tea Company Ltd. Monipur Tea Co. Ltd. Heritage Tea. |
|
Subsidiary |
: |
N/A |
|
Name of
The Group |
: |
Transcom Group. |
Banking
|
||
|
|
||
|
Bank
Name |
: |
Dhaka Bank Ltd.
|
|
Bank
Address |
: |
Local Branch, Adamjee Court (GF), 115-120 Motijheel C/A, Dhaka-1000 Email:
local@dhakabank.com.bd Tel: 8802 9556594 Fax: 8802
9556583 |
|
|
||
|
Bank
Name |
: |
Arab
Bangladesh Bank Ltd. |
|
Bank
Address |
: |
Motijheel Branch. BSB Building, 08, DIT Avenue, Dhaka Tel: 9563011-5, 9556077, 9555586 Fax: 9556077 E-mail:
motimg@abbank.com.bd |
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
|
|
|
|
Our Representative Visited the subject
company Head office which is situated at Gulshan Tower (9th Floor), Plot#3153,
Gulshan North C/A, Dhaka-1212, Bangladesh. The subject company HR Officer Mr.
Md. Basirul Hoque Chowdhury welcome us & given us all information. Its
office is situated at Residential area which is well decorated. |
GENERAL COMMENTS
|
|
|
|
The subject company is a
well-known reputed company in Bangladesh.
Their products popular to the local customers. So day by day the subject companies
increase their goodwill. As well as its financial condition, we recommend
that Credit can proceed promptly Fairly large amount. |
|
Adopted
Abbreviations: |
||
|
NA- Not Available |
TK- Bangladeshi Taka |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 60.85 |
|
|
1 |
Rs. 102.68 |
|
Euro |
1 |
Rs. 81.46 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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.