MIRA INFORM REPORT

 

 

Report Date :

30.06.2014

 

IDENTIFICATION DETAILS

 

Name :

GLOBAL CAPSULES LTD. 

 

 

Registered Office :

37, Segun Bagicha, Dhaka -1000

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

28.02.1990

 

 

Com. Reg. No.:

C-19382

 

 

Legal Form :

Private Company

 

 

Line of Business :

Manufacturer, Importer & Distributor of Gelatin & Empty Hard Gelatin Capsule    

 

 

No of Employees :

250 (35 in office & 215 in Factory)

 

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

 

 

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

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

 

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

:

Global Capsules Ltd. 

Registered office

:

Opsonin Computer (5th Floor), 31, New Eskaton Road, Dhaka-1000, Bangladesh.

Tel No

:

88-02-8352223-4, 9332262, 9356451, 9356533, 9357023

Fax No

:

Nil

E-mail

:

azam.osl@opsonin.net,

zubair.gcl@opsonin.net

Website

:

www.opsoglobal.com

Year of Incorporation

:

28.02.1990

Registered No.

:

C-19382

Legal Form (General)

:

 Public Listed Co       Public (but not listed)   Private Co   State-owned Co

 Sole Proprietorship  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

July’2011~June’2012

Tk. 285 Million

Tk. 100.5 Million

Tk. 2.00 Million

July’2012~June’2013

Tk. 320 Million

Tk. 107.95 Million

Tk. 4.27 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. Md. Ashique

Designation

:

Admin & HR Officer

 

 

Locations Details

 

Business Address

:

Opsonin Computer (5th Floor), 31, New Eskaton Road, Dhaka-1000, Bangladesh.

Tel No

:

88-02-8352223-4, 9332262, 9356451, 9356533, 9357023

Fax No

:

Nil

E-mail

:

azam.osl@opsonin.net  

zubair.gcl@opsonin.net

Website

:

www.opsoglobal.com   

 

Location :

: Owned

 

 

Rented

Ö

 

Leased

 

Area

125000

Sq. ft.

 

 

Type of Office :

  :       Commercial Office Bldg.

 

 

Semi-commercial office Bldg.

Ö

     

 

Retail shop

 

 

Industrial Park

 

     

 

Business Center

 

 

Home Office

 

     

 

Residential Bldg.

 

 

 

 

 

 

 

Factory:

 

 

Address

:

Rupatali, Barisal, Bangladesh.

Tel No

:

88-0431-3967, 2348, 2423, 2717

Fax No

:

88-0431-2552

 

Location :

   Owned

 

 

Rented

Ö

 

Leased

 

Area

38000

Sq. ft.

 

Registrar Office:

 

 

 

Address

`

37, Segun Bagicha, Dhaka -1000 Bangladesh.

Tel No

:

88-02-9336010, 9330191, 9337111, 9357244 

Fax No

:

88-02-832919, 8321905

 

Employee:

 

 

 

No. of Employees 

 

In Office

:

35

In Factory

:

215

In Branch:

:

-

Total

:

250

 

 

OWNERSHIP/SHAREHOLDERS

 

         Names of Shareholders

                         No. of Share     

Capt. Abdus Sabur Khan (Retd.)

                               75000

Abdur Rouf Khan

                               75000

Abdur Raquib Khan

                               75000

 

 

DIRECTORS

 

              Name

Designation

Capt. Abdus Sabur Khan (Retd.)

                                  Chairman

Abdur Rouf Khan

                              Vice Chairman

Abdur Raquib Khan

                           Managing Director

 

 

MANAGEMENT

 

Name

:

Mr. Md. Ashique

Job Description

:

Admin & HR Officer

Nationality

:

Bangladeshi

Email address

:

N/A

Other details

:

N/A

 

 

 

Name

:

Mr. AFM Enamul Haque

Job Description

:

Commercial Manager

Nationality

:

Bangladeshi

Email address

:

N/A

Other details

:

N/A

 

BUSINESS OPERATIONS

 

Nature of Activity       :

Manufacturer

Ö

Trader

 

Dealer

 

Distributor

Ö

 

Exporter

 

Importer

Ö

Others

 

 

 

Item Dealings In:

Products

:

Gelatin & Empty hard gelatin Capsule.      

Production Capacity

:

500 MT per year

Last Year Production

:

Do

 

 

Trading Terms:

Purchasing Terms:

L/C

Ö

Cash

 

Others

 

 

 

Credit :

 

30 days

 

60 days

Ö

90 days

 

 

days

 

Selling Terms      :

L/C

Ö

Cash

Ö

Others

 

 

 

Credit :

Ö

30 days

 

60 days

 

90 days

 

 

days

 

 

DETAILED DATA

 

 

Trade Reference & Related Parties

:

 

Overseas Clients

:

N/A

Local Clients

:

Local Pharmaceuticals company

Overseas Suppliers

:

N/A

Local Suppliers

:

N/A

 

Trade Markets

 

:

 

Exports

:

N/A

 

Imports

:

China, India, Germany, USA

 

Brand Name

:

N/A

 

Certified

:

N/A

 

Auditors

:

Ahmed Zaker & Co.

Shaiham Sky View

45, Bijoy Nagar,

Dhaka-1000

 

Operation Status

:

Active

 

Member

:

 N/A

 

 

 

CAPITAL STRUCTURE

 

Authorized Capital

:

Tk.15 Crore

Paid-up Capital

:

Tk.2,25,00,000

No. of Shares

:

2,25,000

 Share Value

:

Tk.100.00Each

Main Assets

:

Tk.107.95 Million

 

 

FINANCIAL STATEMENT- DETAILED

 

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

 

 

ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES

 

Sister Concerns

:

Opso Saline Limited 

Opsonin Pharmaceuticals Limited

Opsonin Bulk Drugs Limited

Opsonin Chemical  Ind. Ltd

Crescent Chemicals Ltd

Jokky Garments Ltd

Global Heavy Chemical Limited

Subsidiary

:

N/A

Name of  The Group

:

Opsonin Group

 

 

BANKING

 

Bank Name  

:

AB Bank Limited

Bank Address

:

New Elephant Road Branch,

NoveraSquare,House05,Road02Dhanmondi,Dhaka1205
Tel:88-02-8616137,9674002,8613967
Fax:88-02-8616128
E-mail: nerbmg@abbank.com.bd

 

Bank Name  

:

Uttara Bank Limited,

Bank Address

:

Shantinagar Branch

40 -41, Siddeswari Circular Road,

KULSUM (1st Floor),

Dhaka-1217,

Tel:880-2-8319041,9333898,

Mobile 01711-405144

 

Bank Name  

:

United Commercial Bank Limited

Bank Address

:

Corporate Branch

Plot-CWS-(A)-1,RoadNo-34
Gulshan Avenue, Dhaka-1212.

Tel:88- 01730-318848

 

 

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 registered address which is situated at 37, Segun Bagicha, Dhaka -1000 Bangladesh. The subject company Admin & HR Officer Mr. Md. Ashique given us all information. Is situated at semi-commercial area which is a well decorated modern office.

 

 

GENERAL COMMENTS

 

Subject is mainly engaged in Manufacturer, Importer & Distributor. 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.

 

 

Adopted Abbreviations:

NA- Not Available

 TK- Bangladeshi Taka

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.10

UK Pound

1

Rs.102.40

Euro

1

Rs.81.88

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

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.