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Report No. : |
337083 |
|
Report Date : |
21.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE PHARMACEUTICALS LTD. |
|
|
|
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Registered Office : |
6/4, Humayun Road(3rd floor), Mohammadpur, Dhaka-1207 |
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Country : |
Bangladesh
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Date of Incorporation : |
10.03.2011 |
|
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Legal Form : |
Private Company |
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|
|
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Line of Business : |
Manufacturer and Distributor of Tablet,
Capsules. |
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|
|
|
No. of Employees : |
300 |
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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Bangladesh |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
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,
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.
|
Source
: CIA |
|
Comments |
: |
The Subject Company Changed their Address
“26/3, Purana Paltan Line, Dhaka 1000, Bangladesh” |
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IDENTIFICATION DETAILS
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|||
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|||
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Correct company Name |
: |
RELIANCE PHARMACEUTICALS LTD. |
|
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Head Office |
: |
6/4, Humayun Road(3rd floor), Mohammadpur, Dhaka-1207,
Bangladesh |
|
|
Tel No |
: |
88-01556325646 |
|
|
Fax No |
: |
Nil |
|
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E-mail |
: |
reliancepharma.rg@gmail.com |
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|
Website |
: |
Nil |
|
|
Date/ Year of Incorporation |
: |
10/03/2011 |
|
|
Incorporation No. |
: |
C-91096 |
|
|
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
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|||
|
Year |
Turnover/
Sales |
Assets |
Income/
(Loss) |
|
July’ 12~June’
13 |
BDT 268 Million |
BDT 156.50
Million |
BDT 12.86
Million |
|
July’ 13~June’
14 |
BDT 291
Million |
BDT 171.95
Million |
BDT 18.13
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. Abdur Razzak |
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Designation |
: |
Manager (
Accounts & Finance) |
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Contract No |
: |
88-01556325646 |
|
Locations Details |
||
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||
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Operating Address |
: |
6/4, Humayun Road(3rd floor), Mohammadpur, Dhaka-1207,
Bangladesh |
|
Tel No |
: |
88-01556325646 |
|
Fax No |
: |
Nil |
|
E-mail |
: |
reliancepharma.rg@gmail.com |
|
Website |
: |
Nil |
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Location : |
: Owned |
|
Rented |
Ö |
|
Leased |
|
Area |
1800 |
Sq. ft. |
|
Type of Office : |
:
Commercial Office Bldg. |
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Semi-commercial
office Bldg. |
Ö |
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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 |
: |
Uttar Khan, Masterpara, Uttara, Dhaka-1230,
Bangladesh |
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Tel No |
: |
Nil |
|
Fax No |
: |
Nil |
|
Owned |
Ö |
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Rented |
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Leased |
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Area |
50000 |
Sq. ft. |
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Branches: |
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Address |
: |
Crescent Center (2nd floor), 30
Topkhana Road, Dhaka-1000, Bangladesh |
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Tel No |
: |
88-02-9578894, 9580378 |
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Fax No |
: |
Nil |
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Employee: |
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|||||||
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|||||||
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No. of Employees |
In Office |
: |
50 |
In Factory |
: |
250 |
||
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In Branch: |
: |
|
Total |
: |
300 |
|||
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Details: |
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|||||
OWNERSHIP/SHAREHOLDERS
|
|
|
Names of Shareholders |
No. of
Share |
|
Relince Group Of Companies Ltd. |
150000 |
|
Reliance Development Associates Ltd. |
4500000 |
|
Parizat Development And Design Ltd |
1500000 |
|
Reliance Bhahumukhi Somobai Somity Ltd. |
100000 |
|
Mr. Md. Imam Hossen Manju |
100000 |
|
Mr. Fariah Hayee |
100000 |
|
Prof. Dr.Mohammad Ali |
100000 |
|
Prof. Dr.S M Shahnawaz Bin Tabib |
100000 |
|
Mr. Md. Osman Bhuiyan |
100000 |
|
Mr. Md. Mouzzam Hossain |
50000 |
|
Mr. Mohammad Ziaul Islam |
50000 |
|
Mr. Md. Akkas Miah |
100000 |
|
Mr. Md. Abdul Mannan Bhuiyan |
100000 |
|
Mr. Md. Rafiq Ullah |
80000 |
DIRECTORS
|
|
|
Name |
Designation |
|
Mr. Md. Fazlul Haque |
Chairman |
|
Ms. Mahmuda Hossain |
Director |
|
Mr. Ayub Ali Farayzi |
Director |
|
Mr. Musfiqa Ashraf |
Director |
|
Mr. Shahjahan Patwary |
Director |
|
Mrs. Resheda Akther |
Director |
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Mr. Md. Imam Hossen Manju |
Director |
|
Mr. Fariah Hayee |
Director |
|
Prof. Dr.Mohammad Ali |
Director |
|
Prof. Dr.S M Shahnawaz Bin Tabib |
Director |
|
Mr. Md. Osman Bhuiyan |
Director |
|
Mr. Md. Mouzzam Hossain |
Director |
|
Mr. Mohammad Ziaul Islam |
Director |
|
Mr. Md. Akkas Miah |
Director |
|
Mr. Md. Abdul Mannan Bhuiyan |
Director |
|
Mr. Md. Rafiq Ullah |
Director |
MANAGEMENT
|
||
|
Name |
: |
Mr. Abu Hanif |
|
Job Description |
: |
Manager
(Commercial) |
|
Nationality |
: |
Bangladeshi. |
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Email address |
: |
N/A |
|
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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|||||||
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Exporter |
|
Importer |
|
Services |
|
Others |
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Range of
Products: |
||
|
|
||
|
Products |
: |
Tablet, Capsules. |
|
Production Capacity |
: |
N/A |
|
Last Year
Production |
: |
N/A |
Trading Terms:
|
Purchasing Terms: |
L/C |
Ö |
Cash |
|
Others |
|
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|||
|
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Credit : |
|
30 days |
|
60 days |
Ö |
90 days |
|
|
days |
|
Selling Terms : |
L/C |
|
Cash |
Ö |
Others |
|
|
|||
|
|
Credit : |
Ö |
30 days |
|
60 days |
|
90 days |
|
|
days |
DETAILED
DATA
|
|
|||||||||
|
Trade Reference
& Related Parties |
: |
Overseas Clients |
: |
N/A |
Local Clients |
: |
N/A |
|
||
|
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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|||||||
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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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||||||||
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Authorized
Capital |
: |
BDT 2000 Million |
|
||||||
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Paid-up Capital |
: |
BDT 71300000 |
No. of Shares |
: |
7130000 |
Share
Value |
: |
BDT10.00Each |
|
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Main Assets |
: |
BDT 171.95 Million |
|
||||||
FINANCIAL
STATEMENT- DETAILED
|
|
||
|
The subject company don’t submit update
financial figure to local registry office. |
|
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ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
|
|||
|
Sister Concerns |
: |
Reliance Development Associates Ltd. Reliance Vegetables Oil Mills Ltd. Reliance Bhahumukhi Somity Ltd. Parizat Development & Design |
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Subsidiary |
: |
Nil |
|
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Name of The Group |
: |
Reliance Group of Companies Ltd. |
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BANKING
|
|
|
|||
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Bank Name
|
: |
Islami Bank
Bangladesh Ltd. |
|
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|
Bank Address |
: |
Vip Road Branch Islami Bank Hospital Bhaban, 30, Vip Road, Kakrail, Dhaka, Bangladesh Tel: 88-02- 9354147, 9359442 Fax: 88-02-9359442 |
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ADVERSE
DATA MONITORING
|
|||||
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Dishonored Checks |
:
|
No Record Found |
|||
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Debt |
: |
No Record Found |
|||
|
Litigation |
: |
Clear |
|||
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Performance Defaults |
: |
No Record Found |
|||
|
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 6/4, Humayun Road(3rd floor), Mohammadpur, Dhaka-1207,
Bangladesh. It is Situated at residential area. |
GENERAL
COMMENTS
|
|
The subject company is engaged in Manufacturer &
distributors. It is reputed company in
this line of business. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.23 |
|
|
1 |
Rs.102.20 |
|
Euro |
1 |
Rs.72.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.