MIRA INFORM REPORT
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Report No. : |
335952 |
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Report Date : |
11.08.2015 |
IDENTIFICATION DETAILS
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Name : |
LABAID GROUP |
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Registered Office : |
House # 1, Road # 4, Dhanmondi R/A, Dhaka-1205, Bangladesh |
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Country : |
Bangladesh |
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Date of Incorporation : |
January., 1989 |
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Legal Form : |
Group of Company |
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Line of Business : |
Manufacturer and Distributor of Hospital Services, Tablet, Capsule,
Powder for Suspension. |
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No. of Employees : |
4000 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Bangladesh |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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,
accounted for more than 80% of total exports and surpassed $18 billion in 2014.
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 $14 billion and 8%
of GDP in 2014 - are the largest contributors to Bangladesh’s current account
surplus and rising foreign exchange holdings.
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Source
: CIA |
Executive Summary
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IDENTIFICATION DETAILS |
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Correct company Name |
: |
Labaid Group |
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Head Office |
: |
House # 1, Road # 4, Dhanmondi R/A, Dhaka-1205, Bangladesh |
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Tel No |
: |
88-02-58610793-8 |
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Fax No |
: |
88-02-9615497 |
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E-mail |
: |
info@labaidgroup.com |
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Website |
: |
www.labaidhospital.com |
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Date/ Year of Incorporation |
: |
January 1989 |
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Incorporation No. |
: |
Nil |
|
Legal Form (General) |
: |
Public Listed Co Public (but not listed) Private Co State-owned Co Group of Company Partnership Not Registered others (please specify)
________________ |
|
Legal form (Specific) |
: |
LTD CORP INC Group of Company others (please specify)
________________ |
|
Issuing Authority |
: |
Registrar of
Joint Stock Companies & Firms
Not Registered Municipal Administration Union Council Cantonment Board
Chief Controller of Import & Export |
FINANCIALS-
SUMMARY
|
Year |
Turnover/
Sales |
Assets |
Income |
|
July’ 12~June’ 13 |
BDT 1650 Million |
BDT 1256.67 Million |
BDT 84.15
Million |
|
July’ 13~June’ 14 |
BDT 2085
Million |
BDT 1497.25 Million |
BDT 114.67
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. Mahbub
Sanowar |
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Designation |
: |
Officer
(Commercial) |
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Contract No |
: |
N/A |
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Locations
Details |
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Business Address |
: |
House # 1, Road # 4, Dhanmondi R/A, Dhaka-1205, Bangladesh |
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Tel No |
: |
88-02-58610793-8 |
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Fax No |
: |
88-02-9615497 |
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E-mail |
: |
info@labaidgroup.com |
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Website |
: |
www.labaidhospital.com |
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Location : |
: Owned |
Ö |
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Rented |
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Leased |
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Area |
4000 |
Sq. f. |
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Type of Office : |
:
Commercial Office Bldg. |
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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. |
Ö |
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Factory: |
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Address |
: |
15, Genda, Savar, Bangladesh |
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Tel No |
: |
Nil |
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Fax No |
: |
Nil |
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Hospital Address: |
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Address |
: |
House # 06, Road # 04, Dhanmondi,
Dhaka-1205, Bangladesh |
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Tel No |
: |
88-02-9676356, 58610793-8 |
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Fax No |
: |
88-02- 9615497 |
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Branches: |
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Address |
: |
12, Green Square, Green Road, Dhaka-1205,
Bangladesh. |
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Tel No |
: |
88-02-8617066 |
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Fax No |
: |
88-02-9615497
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Employee: |
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No. of Employees |
In Office |
: |
400 |
Factory |
: |
3600 |
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In Branch: |
: |
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Total |
: |
4000 |
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Details: |
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Board
Of Directors
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Board Of
Directors |
: |
Mr. Dr. Abu Md. Shamim - Managing Director Mrs. Dr. Sucharita Ahmed-Director Mrs. Salina Ahmed-Director Mr. Sakif Shamim- Director Ms. Tasfia Farheen- Director |
MANAGEMENT
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Name |
: |
Mr. Md. Jahangir Alam |
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Job Description |
: |
Officer (HR) |
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Nationality |
: |
Bangladeshi |
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Email address |
: |
N/A |
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Other details |
: |
N/A |
BUSINESS
OPERATIONS
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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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Hospital Services |
Ö |
Importer |
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Services |
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Others |
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Range of
Products: |
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Products |
: |
Hospital Services, Tablet, Capsule, Powder
for Suspension |
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Production Capacity |
: |
N/A |
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Last Year
Production |
: |
N/A |
Trading Terms:
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Purchasing Terms: |
L/C |
Ö |
Cash |
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Others |
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|||
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Credit : |
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30 days |
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60 days |
Ö |
90 days |
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days |
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Selling Terms : |
L/C |
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Cash |
Ö |
Others |
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|||
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Credit : |
Ö |
30 days |
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60 days |
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90 days |
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|
days |
DETAILED
DATA
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Trade Reference
& Related Parties |
: |
Overseas Clients |
: |
N/A |
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 |
: |
India, China |
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Brand Name |
: |
Nil |
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Certified |
: |
Nil |
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Auditors |
: |
Nil |
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Operation Status |
: |
Active |
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Member |
: |
N/A |
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CAPITAL
STRUCTURE
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Capital Invested |
: |
BDT 1000 Million |
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Assets |
: |
BDT 1497.25 Million |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
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Sister Concerns |
: |
Labaid Ltd Labaid Agros Labaid Properties Ltd Labaid Carduac Hospital Labaid Pharmaceuticals Ltd State University of Bangladesh Labaid Specialised Hospital Ltd Mirror Financial Management Ltd |
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Subsidiary |
: |
N/A |
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Name of The Group |
: |
Labaid Group |
BANKING
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Bank Name
|
: |
United Commercial
Bank Ltd |
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Bank Address |
: |
Mirpur Road Branch House# 12, Road# 5, Ward No# 49, Mirpur
Road, Dhanmondi R/A, Dhaka-1205, Bangladesh Tel: 88-02-9671037, 9671083, 9671324 Fax: 88-02-9671357 |
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Bank Name
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: |
IFIC Bank Ltd |
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Bank Address |
: |
Dhanmondi Branch. Royal Plaza (1st & 2nd floor), House #
8A, Road # 4, Mirpur Road, Dhanmondi, Dhaka-1205,
Bangladesh Tel: 88-02-8628381, 8628379, 9660320,
9660336 Fax: 88-02-8612161 |
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Bank Name
|
: |
Mercantile Bank Ltd |
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Bank Address |
: |
Elephant Road Branch Osman Plaza, 75, Elephant Road, Dhaka-1205,
Bangladesh Tel: 88-02-8618732, 9677364 Fax: 88-02-9669458 |
ADVERSE
DATA MONITORING
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Dishonored Checks |
:
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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 House # 1, Road # 4, Dhanmondi R/A, Dhaka-1205, Bangladesh. It is
Situated at Residential area. |
GENERAL
COMMENTS
|
The subject group is engaged in manufacturer & Distributors &
Hospital services. It is reputed company in this line of business. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.76 |
|
|
1 |
Rs.98.76 |
|
Euro |
1 |
Rs.69.80 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
-- |
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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.