MIRA
INFORM REPORT
|
Report Date : |
04.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
RENATA LTD. |
|
|
|
|
Registered Office : |
House# 450,
Road#31, New DOHS, Mohakhali, GPO Dhaka-1206 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Year of Establishment : |
1972 |
|
|
|
|
Com. Reg. No.: |
C-3862 |
|
|
|
|
Legal Form : |
Public Listed Co |
|
|
|
|
Line of Business : |
Manufacturer, Distributor and Importer of Tablet, Capsule, Syrup, Suspension, and Powder for Suspension |
|
|
|
|
No of Employees : |
4334 (In Office – 40, In Factory - 4294) |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Bangladesh |
B1 |
A2 |
|
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
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 |
IDENTIFICATION DETAILS
|
||
|
|
||
|
Correct
company Name |
: |
Renata Ltd. |
|
Head
Office |
: |
House# 450,
Road#31, New DOHS, Mohakhali, GPO Box # 303, Dhaka-1206, Bangladesh.
|
|
Tel
No |
: |
88-02-986-0914,
986-0915, 885-0918, 885-0919 |
|
Fax
No |
: |
88-02-8815210 |
|
E-mail |
: |
info@renata-ltd.com renata@renata-ltd.com |
|
Website |
: |
www.renata-ltd.com |
|
Date/
Year of Incorporation |
: |
1972 |
|
Incorporation No. |
: |
C-3862 |
|
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
|
Year |
Turnover/ Sales |
Assets |
Income |
|
31st December’2012 |
Tk. 7,671,572,303 |
Tk. 9,753,077,971 |
Tk. 1,247,275,330 |
|
31st December’2013 |
Tk. 8,757,405,748 |
Tk. 12,782,413,204 |
Tk. 1,393,928,731 |
|
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 |
|
FULLCHECK REPORT DETAILS
|
Information Parted By |
||
|
|
|
|
|
Name |
: |
Mr. Md.
Jubayer Alam |
|
Designation |
: |
Company
Secretary |
|
Contract No |
: |
- |
|
Locations
Details |
||
|
|
||
|
Operating
Address |
: |
House# 450,
Road#31, New DOHS, Mohakhali, GPO Box # 303, Dhaka-1206, Bangladesh.
|
|
Tel
No |
: |
88-02-986-0914,
986-0915, 885-0918, 885-0919 |
|
Fax
No |
: |
88-02- 8815210 |
|
E-mail |
: |
info@renata-ltd.com renata@renata-ltd.com |
|
Website |
: |
www.renata-ltd.com |
|
Location : |
: Owned |
|
|
Rented |
Ö |
|
Leased |
|
Area |
3600 |
Sq. ft. |
|
Type of Office : |
: Commercial Office Bldg. |
Ö |
|
Semi-commercial
office Bldg. |
|
|
|
|
Retail shop |
|
|
Industrial Park |
|
|
|
|
Business Center |
|
|
Home Office |
|
|
|
|
Residential
Bldg. |
|
|
|
|
|
|
|
Factory: |
|
|
|
|
|
|
|
Address |
: |
Unit-1: Plot # 1, Milk Vita Road, Section#7, Mirpur, Dhaka-1216, Bangladesh Unit-2: Noyapara, Bhawal
Mirzapur Rajendrapur, Gazipur, Bangladesh |
|
Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
3 |
Acores |
|
Registered
Address: |
||
|
|
|
|
|
Address |
: |
342/1,
Segunbagicha, Dhaka-1000, Bangladesh. |
|
Tel
No |
: |
88-02-9562871-73 |
|
Fax
No |
: |
Nil |
|
Corporate
Address: |
||
|
|
|
|
|
Address |
: |
Plot No. 1,
Milk Vita Road, Section-7, Mirpur, Dhaka-1216, Bangladesh. |
|
Tel
No |
: |
88-02-8011012, 8011013 |
|
Fax
No |
: |
88-02- 8011956 |
|
Employee: |
|
|||||||
|
|
|
|||||||
|
No. of Employees |
In Office |
: |
40 |
In Factory |
: |
4294 |
||
|
In Branch: |
: |
- |
Total
|
: |
4334 |
|||
|
Details: |
|
|
|
|||||
OWNERSHIP/SHAREHOLDERS
|
Names of Shareholders |
No. of Share |
|
Sajida Foundation |
18,004,045 |
|
Business Research International Corp. Inc.,
Panama |
7,919,421 |
|
ICB Unit Fund |
1,175,233 |
|
Investment Corporation of Bangladesh |
1,126,311 |
|
First ICB Mutual Fund |
640,608 |
|
Bangladesh Fund |
574,000 |
|
Shadharan Bima Corporation |
1,544,468 |
|
First Bangladesh Fixed Income Fund |
392,996 |
|
Other local shareholders |
3,925,261 |
DIRECTORS
|
Name |
Designation |
|
Mr. Syed Humayun Kabir |
Chairman |
|
Mr. Kaiser Kabir, |
Managing Director |
|
Mr. Dr. Sarwar Ali |
Director |
|
Mrs. Zahida Fizza
Kabir |
Director |
|
Mr. A. Hasanat
Khan |
Director |
|
Mr. Md.
Fayekuzzaman |
Director |
|
Mr. Manzoor Hasan |
Independent Director |
|
Mr. Kazi Aminul
Huque, |
Independent Director |
MANAGEMENT
|
Name |
: |
Mr. Md. Jubayer Alam |
|
Job
Description |
: |
Company Secretary |
|
Nationality |
: |
Bangladeshi |
|
Email
address |
: |
N/A |
|
Other
details |
: |
N/A |
|
|
|
|
|
Name |
: |
Mr. Khokan Chandra Das |
|
Job
Description |
: |
Chief financial Officer |
|
Nationality |
: |
Bangladeshi |
|
Email
address |
: |
N/A |
|
Other
details |
: |
N/A |
BUSINESS OPERATIONS
|
Nature
of Activity : |
Manufacturer |
Ö |
Trader |
|
Dealer |
|
Distributor |
Ö |
|
|
|
|||||||
|
|
Exporter |
|
Importer |
Ö |
Services |
|
Others |
|
|
Item Dealings In: |
||
|
|
||
|
Products |
: |
Tablet, Capsule, Syrup, Suspension, and Powder for
Suspension, Etc. |
|
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 |
|
Cash |
Ö |
Others |
|
|
|||
|
|
Credit
: |
Ö |
30
days |
|
60
days |
|
90
days |
|
|
days |
DETAILED DATA
|
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. |
|
||||||||
|
|
|
||||||||||
|
Brand Name |
: |
N/A |
|||||||||
|
Certified |
: |
N/A |
|||||||||
|
Auditors |
: |
Hoda
Vasi Chowdhury & Co. Chartered
Accountants |
|||||||||
|
Operation Status |
: |
Active |
|||||||||
|
Member |
: |
Dhaka Chamber
of Commerce & Industry, Dhaka. |
|||||||||
CAPITAL STRUCTURE
|
Authorized
Capital |
: |
Tk. 1,000,000,000 |
|
||||||
|
Paid-up
Capital |
: |
Tk. 353,023,430 |
No. of Shares |
: |
3, 53,02,343 |
Share Value |
: |
Tk.10.0Each |
|
|
Main
Assets |
: |
Tk. 12, 782,413,204 |
|
||||||
|
Balance Sheet : |
||
|
Currency |
:
Tk. |
|
|
Denomination |
:
1 |
|
|
Financial Year Ending |
:31st
December 2013 |
|
|
Income Statement : |
||
|
|
Currency |
:
Tk. |
|
|
Denomination |
:
1 |
|
|
Financial Year Ending |
:31st
December 2013 |
ASSOCIARES/SUBSIDIARIES/ RELATED
PARTIES
|
Sister
Concerns |
: |
Renata Agro Industries
ltd. Purnava Limited. |
|
Subsidiary |
: |
Nil |
|
Name of
The Group |
: |
Nil |
BANKING
|
Bank
Name |
: |
Standard Chartered Bank The Hongkong and Shanghai Banking
Corporation Limited (HSBC) Citibank, N.A. Commercial Bank of Ceylon Bank Asia Limited Eastern Bank Limited The City Bank Limited Agrani Bank Limited Sonali Bank Limited |
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 House# 450, Road#31, New DOHS, Mohakhali, GPO Box # 303, Dhaka-1206, Bangladesh. The subject company Secretary Mr. Md. Jubayer Alam given us all information. Is situated at commercial area which is a well decorated modern office.
GENERAL COMMENTS
Established in 1972, Subject is mainly engaged in Manufacturer, Importer & Distributor. Having been in operation for several years, Subject maintains acceptable business volume. Subject enjoys some recognition and impact in the line.
|
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
|
Analysis Done by
: |
KRN |
|
|
|
|
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.