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Report No. : |
353318 |
|
Report Date : |
11.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
INCEPTA CHEMICALS
LIMITED |
|
|
|
|
Registered Office : |
40, Shahid Tajuddin Ahmed Sarani, Tejgaon I/A, Dhaka-1208 |
|
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Country : |
Bangladesh
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Date of Incorporation : |
08.11.2005 |
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|
Legal Form : |
Private Company |
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Line of Business : |
Manufacturer and Distributor of Pharmaceutical
Ingredients |
|
|
|
|
No. of Employees : |
15 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 |
IDENTIFICATION DETAILS
|
||
|
Correct company Name |
: |
INCEPTA CHEMICALS LIMITED |
|
Head Office |
: |
40, Shahid Tajuddin Ahmed Sarani, Tejgaon I/A, Dhaka-1208, Bangladesh |
|
Tel No |
: |
88-02-8891688-703, 8891790-6, 9887028, 9889896,
9883712 |
|
Fax No |
: |
88-02-8891190 |
|
E-mail |
: |
commercial@inceptapharma.com |
|
Website |
: |
www.inceptapharma.com |
|
Date/ Year of Incorporation |
: |
08.11.2005 |
|
Incorporation No. |
: |
C-59583 |
|
Date of Commercial Production |
: |
Not Started |
|
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/
(Loss) |
|
New Company |
N/A |
N/A |
N/A |
|
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. Md. Nabin |
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Designation |
: |
Assistant Manager
(Perches) |
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Contract No |
: |
N/A |
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Locations Details |
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Operating Address |
: |
40, Shahid Tajuddin Ahmed Sarani, Tejgaon I/A, Dhaka-1208, Bangladesh |
|
Tel No |
: |
88-02-8891688-703, 8891790-6, 9887028, 9889896, 9883712 |
|
Fax No |
: |
88-02-8891190 |
|
E-mail |
: |
commercial@inceptapharma.com |
|
Website |
: |
www.inceptapharma.com |
|
Location : |
: Owned |
|
|
Rented |
Ö |
|
Leased |
|
Area |
3600 |
Sq. ft. |
|
Type of Office : |
:
Commercial Office Bldg. |
|
|
Semi-commercial
office Bldg. |
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Retail shop |
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Industrial Park |
Ö |
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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 |
: |
Barabaria, Saturia, Manikganj, Bangladesh |
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Tel No |
: |
Nil |
|
Fax No |
: |
Nil |
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Owned |
Ö |
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Rented |
|
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Leased |
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Area |
30000 |
Sq. ft. |
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Branches: |
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Address |
: |
Nil |
|
Tel No |
: |
Nil |
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Fax No |
: |
Nil |
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Employee: |
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No. of Employees |
In Office |
: |
5 |
In Factory |
: |
10 |
||
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In Branch: |
: |
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Total |
: |
15 |
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Details: |
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OWNERSHIP/SHAREHOLDERS
|
|
|
Names of Shareholders |
No. of
Share |
|
Mr. Abdul Muktadir |
3000 |
|
Mr. Md. Enayet Hosain |
1000 |
|
Mr. Hasheen Muktadi |
1000 |
|
Mr. Tasheen Ahmed Khan |
1000 |
|
Mrs. Farhana Huq |
1000 |
|
Mrs. Sitara Jabeen |
1000 |
|
Mrs. Keka Ferdousi |
1000 |
|
Mrs. Kona Reza |
1000 |
|
Incepta Pharmaceuticals Ltd. |
990000 |
DIRECTORS
|
|
|
Name |
Designation |
|
Mr. Abdul Muktadir |
Managing Director |
|
Mr. Md. Enayet Hosain |
Director |
|
Mr. Hasheen Muktadir |
Director |
|
Mr. Tasheen Ahmed Khan |
Director |
MANAGEMENT
|
||
|
Name |
: |
Mr. Md. Nabin |
|
Job Description |
: |
Assistant Manager
(Perches) |
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Nationality |
: |
Bangladeshi. |
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Email address |
: |
nabin@inceptapharma.com |
|
Other details |
: |
N/A |
|
Name |
: |
Mr. Ahmed Nokib |
|
Job Description |
: |
Deputy General
Manager (Perches) |
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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 |
|
Dealer |
|
Distributor |
Ö |
|
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|||||||
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Exporter |
|
Importer |
|
Services |
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Others |
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Range of
Products: |
||
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||
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Products |
: |
Pharmaceutical Ingredients |
|
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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||||
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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 |
: |
Dhaka Chamber of Commerce & Industry |
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CAPITAL STRUCTURE
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|
||||||||
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Authorized
Capital |
: |
BDT 1000 Million |
|
||||||
|
Paid-up Capital |
: |
BDT 100000000 |
No. of Shares |
: |
1000000 |
Share
Value |
: |
BDT100.00Each |
|
|
Main Assets |
: |
N/A |
|
||||||
FINANCIAL
STATEMENT- DETAILED
|
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||
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Summary Information Given. |
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ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
|
|||
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Sister Concerns |
: |
Impress Ltd. R.R. Brothers Ltd Nexus Internationl Allied Garments Ltd Import Logistics Ltd Impress Fashions ltd Impress Trading Ltd M.R.S. Syndicate Ltd New Age Business Ltd Maheen Label Tex Ltd. Fashrobe Garments Ltd Incepta Vaccine Limited. Impress Audio Vision Ltd Impress Garments Limited Incepta Pharmaceuticals Ltd. Maheen Dizayan Etiket (BD) Limited ImpressImpress Telefilm Ltd/ Channel I Dhak- Beijing Dyeing & Weaving Ind.ltd |
|
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Subsidiary |
: |
Nil |
|
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Name of The Group |
: |
Impress Group |
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BANKING
|
|
|
|||
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Bank Name
|
: |
Shahjalal Islami
Bank Ltd |
|
||
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Bank Address |
: |
Eskaton Branch Eskaton Fantasia (2nd Floor),
Holding # 122 & 123, New Eskaton, Dhaka, Bangladesh Tel: 88-02-9355681 Fax: 88-02-9355672 |
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ADVERSE
DATA MONITORING
|
|||||
|
Dishonored Checks |
:
|
No Record Found |
|||
|
Debt |
: |
No Record Found |
|||
|
Litigation |
: |
Clear |
|||
|
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 40, Shahid Tajuddin Ahmed Sarani, Tejgaon I/A, Dhaka-1208, Bangladesh.
It is Situated at Industrials area. |
GENERAL
COMMENTS
|
|
The subject company engaged in Manufacturer & Distributors which
was established not more than one year. SC’s try to establish the company in
good faith. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.79 |
|
|
1 |
Rs.101.37 |
|
Euro |
1 |
Rs.73.46 |
|
BDT |
1 |
Rs.0.86 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
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.