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Report No. : |
307177 |
|
Report Date : |
10.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
PHARMASIA LIMITED |
|
|
|
|
Registered Office : |
12, Sonargaon Road, Sonatori Tower (10th Floor), Dhaka-1000 |
|
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Country : |
Bangladesh |
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Date of Incorporation : |
29.03.1984 |
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|
Legal Form : |
Private Company |
|
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|
Line of Business : |
Manufacturer and Distributor of Tablets, Capsules, Powder for suspension, Liquids, Cream &
Ointments. |
|
|
|
|
No of Employees : |
250 |
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 |
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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 |
|
High |
B2 |
|
Very High |
C1 |
|
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 |
IDENTIFICATION DETAILS
|
||
|
Correct company Name |
: |
PHARMASIA LIMITED |
|
Head Office |
: |
12, Sonargaon Road, Sonatori Tower (10th Floor),
Dhaka-1000, Bangladesh. |
|
Tel No |
: |
88-02-9201133-6 |
|
Fax No |
: |
88-02-9201078 |
|
E-mail |
: |
info@pharmasia.com.bd |
|
Website |
: |
www.pharmasia.com.bd |
|
Date/ Year of Incorporation |
: |
29.03.1984 |
|
Incorporation No. |
: |
C-11860 |
|
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. 321 Million |
Tk. 338.50 Million |
Tk. 10.20 Million |
|
July’ 13~June’
14 |
Tk. 355 Million |
Tk. 347.75 Million |
Tk. 14.86 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 |
|
FULLCHECK
REPORT DETAILS
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Information Parted By |
||
|
Name |
: |
Mr. Md. Safayet |
|
Designation |
: |
Senior Manager
(Commercial Regulatory) |
|
Contract No |
: |
- |
Locations Details
|
||
|
Operating Address |
: |
12, Sonargaon Road, Sonatori Tower (10th Floor),
Dhaka-1000, Bangladesh. |
|
Tel No |
: |
88-02-9201133-6 |
|
Fax No |
: |
88-02-9201078 |
|
E-mail |
: |
info@pharmasia.com.bd |
|
Website |
: |
www.pharmasia.com.bd |
|
Location : |
: Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
4800 |
Sq. ft. |
|
Type of Office : |
:
Commercial Office Bldg. |
Ö |
|
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 |
: |
Gojariapara, Bhawal Mirzapur, Gazipur
Sadar, Bangladesh. |
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Tel No |
: |
88-02-9201133-6 |
|
Fax No |
: |
88- 02-9201078 |
|
Owned |
Ö |
|
Rented |
|
|
Leased |
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Area |
5 |
Acore |
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Distribution Office: |
||
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Address |
: |
Dhaka Depot House No. 26 (Ground Floor), Road No. 14
Joarshahara, Nikunja – 2 Dhaka, Bangladesh Barisal Depot Rose Villa (2nd Floor) House # 0721/000 01 No. C&B Pole, Uttar Sagardi,
Bangladesh Comilla Depot House # 433(1st Floor) Nazrul Avenue, Kandirpar, Comilla-3500, Bangladesh Mymensingh Depot House # 96/A, Brammapally Mymensingh Sadar , Mymensingh, Bangladesh Bogra Depot Annona Kotage (1st Floor) Karmical Road,
Khander , Bogra- 5800, Bangladesh Khulna Depot 71, Kda Avenue (3rd Floor), Khulna,
Bangladesh Chittagong Depot 18/B 2nd Floor, Mehedibag, Chittagong-4000,
Bangladesh Sylhet Depot Prituma House # 34/1(Gr. Floor) Borobazar,
R/A Ambarkhana , Sylhet-3100, Bangladesh Rangpur Depot House-163, (1st Floor), Road-01, Islambag, Rk Road, Rangpur-5400, Bangladesh |
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Employee: |
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No. of Employees |
In Office |
: |
10 |
In Factory |
: |
240 |
|
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In Branch: |
: |
- |
Total |
: |
250 |
||
OWNERSHIP/SHAREHOLDERS
|
|
|
Names of Shareholders |
No. of
Share |
|
Mr. M. M. Abdul Hai |
3500 |
|
Mr. Mansurul Alam |
3500 |
|
Mr. Md. Shah Newaz |
3500 |
|
Hussain Trading Co Ltd |
2500 |
|
Rangs Electronics Ltd |
25000 |
|
Mahtab Medicare Ltd |
6000 |
|
Rain Motors Ltd |
2500 |
|
Mr. Kazi Mustafizur Rahman |
3500 |
DIRECTORS
|
|
|
Name |
Designation |
|
Mr. Akhter Hussain |
Managing Director |
|
Mr. Ekram Hussain |
Director |
|
Mr. Mahbubul Gani |
Director |
|
Ms. Beanus Hussain |
Director |
|
Mr. M. M. Abdul Hai |
Director |
|
Mr. Mansurul Alam |
Director |
|
Mr. Md. Shah Newaz |
Director |
|
Mr. Mohiuddin Ahmed (Rajib) |
Director |
|
Mr. Kazi Mustafizur Rahman |
Director |
|
Mr. Md. Asrafuddin Ahmed |
Director |
MANAGEMENT
|
||
|
Name |
: |
Mr. Md. Safayet |
|
Job Description |
: |
Senior Manager
(Commercial Regulatory) |
|
Nationality |
: |
Bangladeshi |
|
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 |
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Importer |
|
Services |
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Others |
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Range of
Products: |
||
|
|
||
|
Products |
: |
Tablets, Capsules, Powder for suspension,
Liquids, Cream & Ointments |
|
Production Capacity |
: |
Nil |
|
Last Year
Production |
: |
Nil |
|
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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|||||
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Imports |
: |
India, China |
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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 |
: |
Tk.10 Crore |
|
||||||
|
Paid-up Capital |
: |
Tk. 50, 000,000 |
No. of Shares |
: |
50, 000 |
Share
Value |
: |
Tk.1000.0Each |
|
|
Main Assets |
: |
Tk. 347.75 Million |
|
||||||
FINANCIAL
STATEMENT- DETAILED
|
|
The subject company don’t submit update full
financial figure to local registry office. |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
|
||
|
Sister Concerns |
: |
Rangs Electronics Ltd White Products & Electronics Ltd. Trust Motto Pte. Ltd TVS Auto Bangladesh Ltd. Hussain Trading Company Ltd Tokyo Lighting Industries (BD) Ltd Dion Industrial Company Ltd. Sharp Travels Ltd Sky Bangla Aviation Ltd Tune Aviation Ltd RIAN Motors Ltd REL Plastic Recycling Ltd REL Telecommunication Ltd REL Motors Ltd REL Petrochemicals Ltd |
|
Subsidiary |
: |
Nil |
|
Name of The Group |
: |
Rangs Group of Companies (Sony) |
BANKING
|
|
|
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Bank Name
|
: |
Jamuna Bank Ltd. |
|
Bank Address |
: |
Dhanmondi Branch. Chistia Market, 393/B, Elephant Road (2nd
Floor), Dhanmondi, Dhaka Phone : 9673742, 9670135 Email : manager.chistia@jamunabank.com.bd Branch Manager : Shamim Ahmed Sagar Manager Designation : Asst. Vice President |
|
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ADVERSE
DATA MONITORING
|
||
|
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 |
SITE
VISIT COMMENTARY
|
|
Our Representative Visited the subject company Head office which is situated
at 12, Sonargaon Road, Sonatori Tower (10th Floor), Dhaka-1000, Bangladesh.
The subject company Senior Manager (Commercial Regulatory) Mr. Md. Safayet
given us all information. Is situated at commercial area which is a well
decorated modern office. |
GENERAL
COMMENTS
|
|
Established in Mar. 1984, Subject is mainly engaged in Manufacturer
& Distributor. Having been in operation for several years, Subject
maintains acceptable business volume. Subject enjoys some recognition and impact
in the line. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.14 |
|
|
1 |
Rs.94.78 |
|
Euro |
1 |
Rs.70.38 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
DPT |
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.