MIRA INFORM REPORT

 

 

Report Date :

02.01.2014

 

IDENTIFICATION DETAILS

 

Name :

DELTA PHARMA LTD.  

 

 

Registered Office :

House-501, Road - 34, New DOHS, Mohakhali, Dhaka-1206

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

17.06.1964

 

 

Com. Reg. No.:

C-2172

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

Manufacturer & Exporter of Medicine & Drugs including Tab, Capsules, Syrup, Suspension & Ointment.

 

 

No. of Employees :

1100

 

 

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 – September 30, 2013

 

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

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

 

 

 

company summary  

 

01. Name                                                                     : Delta Pharma Limited  

 

02. Address                                                                  : Faluar Char, Tarakandi, Pakundia, Kishoregonj,

Bangladesh.

 

03. Head Office                                                            : House-501, Road - 34, New DOHS, Mohakhali,

                                                                                    Dhaka-1206, Bangladesh.

                                                                                    Phone-88-02- 9892192, 8711645-7

                                                                                    Fax-88-02-8750959

 

2-D/11-C, Extension Pallabi, Road# 8, Mirpur 11 ˝, Dhaka-1216, Bangladesh.

Tel: 88-02-9010113, 01817157257

 

04. Telephone                                                              : 88-02-9892192, 8711645, 8711646, 8711647,

                                                                                    01713039874

 

05. Fax                                                                         : 88-02-8750959

 

06. Website                                                                  : www.deltapharmabd.com

 

07. E-mail                                                                     : info@deltapharmabd.com     

intlmarketing@deltapharmabd.com

nazir@deltapharmabd.com

 

08. Factory       Address                                                : Village-Tarakandi, Upazilla-Pakundia,

District-Kishoreganj, Bangladesh.

 

09. Distribution Office                                                     : Dhaka, Narayanganj, Comilla, Noakhali,

Chittagong, Sylhet, Mymensingh, Tangail. Bogra, Rangpur, Rajshahi, Khulna, Jessore, Faridpur & Barishal.

 

10. Established                                                             : 17.06.1964

 

11. Legal Form (General)                                               : Public

 

12. Legal Form (Specific)                                             : LTD

 

13. Issuing Authority                                                    : Registrar of Joint Stock Companies & Firms

 

14. Incorporation No.                                                   : C-2172 

 

15. Listed at Stock Exchange                                       : No

 

16. Employees                                                             : 1100 Persons.

 

17. Bank                                                                       : Islami Bank Bangladesh Ltd.

Mohakhali Branch

Janani Bhaban, 62 Shahid Tajuddin Sarani, Mohakhali, Dhaka -1212

Phone: (02) 9883346, 8829400

Mobile: 01711-693917

Email: mohakhali@islamibankbd.com

 

Dutch Bangla Bank Ltd.

Mohakhali Branch

Hotel Zakaria (1st Floor), 35 Gulshan Road, Mohakhali C/A, Dhaka - 1212

 

18. Activities                                                                : Manufacturer & Exporter of Medicine & Drugs.

 

19. Item dealings in                                                     : Tab, Capsules, Syrup, Suspension & Ointment.

 

20. Production Capacity                                               : N/A

 

21. Last year production                                              : N/A

 

22. Main Foreign Buyers                                              : N/A

 

23. Imported From                                                       : Vietnam, Myanmar, Kenya, Nigeria, Panama, Peru Srilanka, Egypt, Hong Kong, Combodia, Moritus, Uganda, Sudan, Yemen, Nepal, UAE, Guattemala & Costarica.

 

24. Name of the Group                                                 : Nil

 

25. Name of the Sister Concerns                                  : Nil

 

26. Type of Office                                                        : Commercial Office Bldg.

 

27. Offices Area                                                           : 6500 Sq. Ft. (Own)

 

28. Factory       Area                                                     : 10 bighas (approx.) (Own)

 

29. Warehouse Area                                                        : Do.

 

30. Names of Shareholders                                          : Mrs. Ferdousi Akhter-10000 Shares

Mrs. Nazneen Akhter-1000 Shares

Mrs. Nadira Begum-1000 Shares

Mrs. Rifat Hossain-30000 Shares

Others Shareholder-2440000 Shares

 

31. Names of Directors                                     : Mrs. Ferdousi Akhter- Chairman

Dr. Md. Zakir Hossain- Managing Director

Mrs. Nazneen Akhter-Director

Mrs. Nadira Begum- Director

Prof. Abdul Bayes Bhuiyan-Director

Mrs. Monira Jahan- Director

Mr. Golam Farook- Director

Mrs. Rifat Hossain- Director

 

32. Authorized Capital                                                 : Tk. 100 Crore

 

33. Paid up Capital                                                      : Tk. 25,00,00,000

 

34. Each Share value                                                   : Tk. 100.00 each

 

35. Last year turnover                                                  : Tk. 325 Million (July’11~ June’12)

 

36. Total Liability                                                         : Nil (July’11~ June’12)

 

37. Total Assets                                                            : Tk. 80 Crore (July’11~ June’12)

 

38. Certified by                                                           : ISO 9001:2008

 

39. Purchasing Terms                                                    : 100% against confirmed & irrevocable Letter of

                                                                                        Credit Payable at Sight                            

 

40. Member                                                                  : Dhaka Chamber of Commerce & Industry, Dhaka

                                                                                                                         

 

41. Exchange Rate                                                       : USD 1 = Tk.84.3

                                                                                                GBP 1 = Tk.133.4553

                                                                                                EUR 1 = Tk.110.9219

                                                                                                JPY 1=Tk.1.1060

                                                                                                CNH 1=Tk.3.3958

                                                                                                AUD 1=90.1841

           

42. The person Parting Information                             : Mr. Md. Sajid Iqbal-Admin Officer

 

43. General Comments                                                : The subject is public limited but not listed company

engaged in Manufacturer & Exporter of Medicine & Drugs. The factory was situated in Faluar Char, Tarakandi, Pakundia, Kishoregonj, Bangladesh. They are financially solvent and good at their business commitment, it is reported. They get good support from their Banks

 

Dr. Md. Zakir Hossain- Managing Director of the company. He knows his job well.

 

We checked the local registry office & found that information.

 

The company is ok for normal business engagements.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.93

UK Pound

1

Rs.102.39

Euro

1

Rs.85.12

 

INFORMATION DETAILS

 

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.