|
Report No. : |
315535 |
|
Report Date : |
02.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
THE ACME LABORATORIES LIMITED |
|
|
|
|
Registered Office : |
Court De La ACME,1/4, Mirpur Road, Kallayanpur, Dhaka-1211 |
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Country : |
Bangladesh |
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|
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Date of Incorporation : |
17.03.1976 |
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|
|
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Com. Reg. No.: |
C-4745
|
|
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|
|
Legal Form : |
Public (but not listed) |
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|
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Line of Business : |
Manufacturer, Distributor and Exporter of Tablets, Capsules, Syrup, Suspicion. |
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|
|
|
No. of Employees : |
7200 |
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 |
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|
|
|
Payment Behaviour : |
Regular |
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|
|
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Bangladesh |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
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 |
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IDENTIFICATION DETAILS |
||
|
|
||
|
Correct company Name |
: |
The Acme Laboratories Limited |
|
Head Office |
: |
Court de la ACME,1/4, Mirpur Road, Kallayanpur, Dhaka-1211, Bangladesh. |
|
Tel No |
: |
880-2-9004194-6 |
|
Fax No |
: |
88-02-9016872, 8012475, 9016515 |
|
E-mail |
: |
procurement@acmeglobal.com, headoffice@acmeglobal.com, |
|
Website |
: |
www.acmeglobal.com |
|
Date/ Year of Incorporation |
: |
17.03.1976 |
|
Incorporation No. |
: |
C-4745
|
|
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) |
|
Year |
Turnover/
Sales |
Assets |
Income |
|
July’ 12~June’ 13 |
BDT 8351.25 Million |
BDT 4168.57 Million |
BDT
611.37 Million |
|
July’ 13~June’ 14 |
BDT
9168.07Million |
BDT
4656.04 Million |
BDT
706.97 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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Information Parted By |
||
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Name |
: |
Mr. Murshed Alam |
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Designation |
: |
Manager. |
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Contract No |
: |
N/A |
|
Locations
Details |
||
|
Operating Address |
: |
Court de la ACME,1/4, Mirpur Road, Kallayanpur, Dhaka-1211, Bangladesh. |
|
Tel No |
: |
880-2-9004194-6 |
|
Fax No |
: |
88-02-9016872, 8012475, 9016515 |
|
E-mail |
: |
procurement@acmeglobal.com, headoffice@acmeglobal.com, |
|
Website |
: |
www.acmeglobal.com |
|
Location : |
: Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
10,000 |
Sq. ft. |
|
Type of Office : |
: Commercial Office Bldg. |
|
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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 |
: |
Dhulivita, Dhamri, Dhaka, Bangladesh. |
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Tel No |
: |
Nil |
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Fax No |
: |
Nil |
|
Owned |
Ö |
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Rented |
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Leased |
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Area |
56000 |
Sq. ft. |
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Branches: |
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|
|
Address |
: |
Nil |
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Tel No |
: |
Nil |
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Fax No |
: |
Nil |
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Employee: |
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No. of Employees |
In Office |
: |
350 |
In Factory |
: |
6850 |
||
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In Branch: |
: |
- |
Total |
: |
7200 |
|||
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Details: |
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|||||
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Names of Shareholders |
No. of
Share |
|
Mr. Nasir-Ur-Rahman Sinha |
6158955 |
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Mr. Mizanur Rahman Sinha |
18175115
|
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Dr. Jabil- Ur- Rahman Sinha |
14220630
|
|
Mr. Afzalur Rahman Sinha |
14962886 |
|
Late Hamidur Rahman Sinha |
7250 |
|
Mrs. Parvin Akhter Nasir |
5401517
|
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Mrs. Jahanara Mizan Sinha |
10519744
|
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Mrs. Hasina Jabil Sinha |
10075593
|
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Mrs. Nagina Afzal Sinha(Sirin Afzal) |
11888433
|
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Dr. Mohammad Zillur Rahman |
2760610 |
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Mr. Shahriar Rahman |
2679420 |
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Ms. Farzana Rahman |
2679420 |
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Mr. Reza-ur-Rahman Sinha |
4400000 |
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Mr. Motiur Rahman Sinha |
4400000 |
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Mr. Ansar Uddin Sinha |
4400000 |
|
Other Shareholders |
48872127 |
|
Name |
Designation |
|
Mr. Afzalur Rahman Sinha |
Chairman |
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Mr. Mizanur Rahman Sinha |
Managing Director |
|
Dr. Jabil- Ur- Rahman Sinha |
Director |
|
Mr. Nasir-Ur-Rahman Sinha |
Director |
|
Mrs. Nagina Afzal Sinha |
Director |
|
Mrs. Parvin Akhter Nasir |
Director |
|
Mrs. Jahanara Mizan Sinha |
Director |
|
Mr. Md. Fayekuzzaman (Nominee Director of ICB) |
Director |
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Mr. Md. Abdur Rouf (Nominee Director of ICB) |
Director |
|
Syed Shahed Reza (Independent Director) |
Director |
|
Ms. Fouzia Haque, FCA (Independent Director) |
Director |
|
Name |
: |
Mr. Murshed Alam |
|
Job Description |
: |
Manager. |
|
Nationality |
: |
Bangladeshi. |
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Email address |
: |
N/A |
|
Other details |
: |
N/A |
|
|
|
|
|
Name |
: |
Mr. S. M. Rezaul
Ahsan |
|
Job Description |
: |
Manager(Operating
Development) |
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Nationality |
: |
Bangladeshi. |
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Email address |
: |
N/A |
|
Other details |
: |
N/A |
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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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Exporter |
Ö |
Importer |
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Services |
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Others |
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Range of
Products: |
||
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||
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Products |
: |
Tablets, Capsules, Syrup, Suspicion. |
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Production Capacity |
: |
N/A |
|
Last Year
Production |
: |
N/A |
Trading Terms:
|
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 |
|
Selling Terms : |
L/C |
Ö |
Cash |
|
Others |
|
|
|||
|
|
Credit : |
|
30 days |
|
60 days |
Ö |
90 days |
|
|
days |
|
Trade Reference
& Related Parties |
: |
Overseas Clients |
: |
N/A |
Local Clients |
: |
N/A |
|
||
|
Overseas Suppliers |
: |
N/A |
Local Suppliers |
: |
N/A |
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||||
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Trade Markets |
: |
Exports |
: |
Bhutan, Neal, Sri Lanka, Myanmar, Cambodia, Vietnam, Philippines, East
Africa |
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|||||
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Imports |
: |
China, India, Germany, Malaysia, Thailand. |
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Brand Name |
: |
N/A |
||||||||
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Certified |
: |
ISO 9001:2008 |
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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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Authorized
Capital |
: |
BDT 5000 Million |
|
||||||
|
Paid-up Capital |
: |
BDT
1616017000 |
No.
of Shares |
: |
161601700 |
Share
Value |
: |
BDT 10.00Each |
|
|
Main Assets |
: |
BDT 4656.04 Million |
|
||||||
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Summery Given. |
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Sister Concerns |
: |
Acme Distribution Ltd. Acme Consumer Products Ltd. Acme Beverage Ltd. Acme Overseas Trading Ltd. Mars Aviation ltd. Mars Universal ltd. Mars Air Ltd. Ambe Cleaning Ltd. Acme Specialized Pharmaceuticals ltd. The Acme Agro & Beverages Ltd. The Acme IT Ltd. Sinha Printers Ltd. Sinha Printers The ACMONIO International Pvt. Ltd The Acme Laboratories Ltd. |
|
Subsidiary |
: |
N/A |
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Name of The Group |
: |
Acme Group. |
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Bank Name
|
: |
Trust Bank Ltd. Gulshan
Branch, |
|
|
|
|
|
|
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Dutch bangla Bank Ltd. Gulshan Branch |
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|
|
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|
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Dhaka Bank Ltd. Gulshan Branch |
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|
|
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HSBC Main
Branch, Dhaka |
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|
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The City Bank Ltd. Gulshan Branch |
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Citi Bank NA Gulshan Branch |
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|
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Standard chartered Bank Gulshan Branch |
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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 |
|
Our Representative Visited the subject company Head office which is
situated at Court de la ACME,1/4, Mirpur Road, Kallayanpur, Dhaka-1211, Bangladesh.
Its office is situated at Semi-Commercial area which is well decorated. |
|
Subject is mainly engaged in Manufacturer & Exporter of Tablets,
Capsules, Syrup, and Suspicion. The subject company maintains acceptable
business volume. Based on the financial statements, SC’s financial performance appears
to be Above Average |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.59 |
|
|
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.67.51 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
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.