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Report Date : |
04.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
POPULAR
PHARMACEUTICALS LTD. |
|
|
|
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Registered Office : |
Sheltech Panthakunja, 17 Sukrabad,
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Country : |
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Date of Incorporation : |
08.12.2002 |
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Legal Form : |
Private Company |
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Line of Business : |
Manufacturer and Exporter of Tab, Capsules, Syrup, Suspensions
Ointment, Higher Antibiotic Medicine. |
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|
|
|
No of Employees : |
2700 |
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 – 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 |
: |
POPULAR PHARMACEUTICALS LTD. |
|
Head Office |
: |
Sheltech Panthakunja, 17 Sukrabad,
West Panthapath, Dhanmondi, Dhaka-1205, Bangladesh. |
|
Tel No |
: |
88-01711594617, 9101731-2 |
|
Fax No |
: |
Nil |
|
E-mail |
: |
info@popularbd.com popular@popularbd.com |
|
Website |
: |
www.popular-pharma.com |
|
Date/ Year of Incorporation |
: |
08.12. 2002 |
|
Incorporation No. |
: |
C-47852 |
|
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 |
|
July’ 12~June’
13 |
Tk. 381 Million |
Tk. 55.65 Million |
Tk. 17.15 Million |
|
July’ 13~June’
14 |
Tk. 410 Million |
Tk. 61.74 Million |
Tk. 18.45 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. Shafiqul
Islam |
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Designation |
: |
Admin Executive |
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Contract No |
: |
- |
Locations Details
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|
Operating Address |
: |
Sheltech Panthakunja, 17 Sukrabad,
West Panthapath, Dhanmondi, Dhaka - 1205, Bangladesh. |
|
Tel No |
: |
88-01711594617, 9101731-2 |
|
Fax No |
: |
Nil |
|
E-mail |
: |
info@popularbd.com popular@popularbd.com |
|
Website |
: |
www.popular-pharma.com |
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Location : |
: Owned |
|
|
Rented |
Ö |
|
Leased |
|
Area |
2400 |
Sq. ft. |
|
Type of Office : |
:
Commercial Office Bldg. |
Ö |
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Semi-commercial
office Bldg. |
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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 |
: |
164, Plot No. 35, Block-C, Tongi, Gazipur,
Bangladesh. |
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Tel No |
: |
88-02-9128976, 9134054 |
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Fax No |
: |
Nil |
|
Owned |
Ö |
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Rented |
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Leased |
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Area |
6 |
Acores |
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Branches: |
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Sell center |
: |
12 Nos. |
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Employee: |
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No. of Employees |
In Office |
: |
100 |
In Factory |
: |
2600 |
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In Branch: |
: |
- |
Total |
: |
2700 |
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Details: |
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OWNERSHIP/SHAREHOLDERS
|
|
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Names of Shareholders |
No. of
Share |
|
Dr. Mustafizur Rahman |
8000 |
|
Mrs. Tahera Akter |
2000 |
DIRECTORS
|
|
|
Name |
Designation |
|
Dr. Mustafizur Rahman |
Managing Director |
|
Mrs. Tahera Akter |
Director |
MANAGEMENT
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||
|
Name |
: |
Mr. Shafiqul
Islam |
|
Job Description |
: |
Admin Executive |
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Nationality |
: |
Bangladeshi |
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Email address |
: |
N/A |
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Other details |
: |
N/A |
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BUSINESS OPERATIONS
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Nature of Activity : |
Manufacturer |
Ö |
Trader |
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Dealer |
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Distributor |
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Exporter |
Ö |
Importer |
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Services |
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Others |
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Range of
Products: |
||
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|
Products |
: |
Tab, Capsules, Syrup, Suspensions Ointment,
Higher antibiotic medicine. |
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Production Capacity |
: |
N/A |
|
Last Year
Production |
: |
N/A |
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Purchasing Terms: |
L/C |
Ö |
Cash |
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Others |
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|||
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Credit : |
|
30 days |
|
60 days |
Ö |
90 days |
|
|
days |
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Selling Terms : |
L/C |
Ö |
Cash |
|
Others |
|
|
|||
|
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Credit : |
|
30 days |
|
60 days |
Ö |
90 days |
|
|
days |
DETAILED DATA
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|||||||||
|
Trade Reference
& Related Parties |
: |
Overseas Clients |
: |
Srilanka, Kenai, Macau, Somalia, |
Local Clients |
: |
N/A |
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Overseas Suppliers |
: |
N/A |
Local Suppliers |
: |
N/A |
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Trade Markets |
: |
Exports |
: |
N/A |
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Imports |
: |
China, Malaysia, India |
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Brand Name |
: |
N/A |
||||||||
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Certified |
: |
N/A |
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Auditors |
: |
N/A |
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Operation Status |
: |
Active |
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Member |
: |
N/A |
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CAPITAL STRUCTURE
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Authorized
Capital |
: |
Tk. 30 Million |
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||||||
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Paid-up Capital |
: |
Tk. 10, 00,000 |
No. of Shares |
: |
10, 000 |
Share
Value |
: |
Tk.100.00Each |
|
|
Main Assets |
: |
Tk. 61.74 Million |
|
||||||
FINANCIAL STATEMENT- DETAILED
|
|
The subject company don’t submit update full
financial figure to local registry office. |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
|
||
|
Sister Concerns |
: |
Popular Diagnostic center ltd. Popular Infusion Ltd. |
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Subsidiary |
: |
N/A |
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Name of The Group |
: |
Popular Group |
BANKING
|
|
|
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Bank Name
|
: |
Prime Bank
Limited
|
|
Bank Address |
: |
Satmasjid Road Branch House # 99, Road # 11/A, Dhanmondi R/A, Dhaka-1209, Bangladesh. Phone: 88-02-9122374, 8124258 Fax: 88-02-8121652 Email: pblsatmasjid@primebank.com.bd |
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ADVERSE DATA MONITORING
|
||
|
Dishonored Checks |
:
|
No Record Found |
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Debt |
: |
No Record Found |
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Litigation |
: |
Clear |
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Performance Defaults |
: |
No Record Found |
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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 Sheltech Panthakunja, 17 Sukrabad, West Panthapath, Dhanmondi, Dhaka
- 1205, Bangladesh. The subject company Admin Executive Mr. Shafiqul Islam
given us all information. Is situated at commercial area which is a well
decorated modern office. |
GENERAL COMMENTS
|
|
Subject is mainly engaged in Manufacturer & Exporter. The subject
company maintains acceptable business volume. Based on the financial statements, SC’s financial performance appears
to be 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.60.54 |
|
|
1 |
Rs.99.73 |
|
Euro |
1 |
Rs.79.54 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
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.