MIRA
INFORM REPORT
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Report No. : |
334309 |
|
Report Date : |
30.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
RENATA LTD. |
|
|
|
|
Formerly Known As : |
Laboratories ( |
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Registered Office : |
342/1, Segunbagicha, Dhaka-1000 |
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Country : |
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Financials (as on) : |
30.09.2014 |
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Year of Establishments : |
1972 |
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Com. Reg. No.: |
C-3862
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|
Legal Form : |
Public Listed Company |
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Line of Business : |
·
Engaged as manufacturer &
Distributor of Generic Pharmaceutical Products including Hormones, Contraceptives,
Anti-Cancer Drugs, Oral Preparations, Cephalosporins, Tablet, Capsule, Syrup, Suspension, Powder for Suspension, Parental Preparations as well as other
Conventional Drugs. Subject also offer Animal Health, Poultry & Aqua Products Subject product ranges includes :- Poultry Products Antibiotic Preparations Co-Trimazine Preparations Fluroquinolones Preparations Anthelmintic Preparation Anti-coccidial Preparation Electrolyte Preparation Nutritional Feed Additive
Preparations Animal Health Products Sulphonamides Preparations Antibiotic Preparations Co-Trimazine Preparation Anthelmintic Preparations Anti-Histaminic Preparation NSAID Preparation Appetizer & Rumenotoric
Preparations Metabolic Preparations Glucocorticoid Preparation Vitamin-Mineral Preparations Aqua Products ·
Flimequine INN Vitamin Minaral Premix for Fish Oxyteracycline USP(As hydrochloride) |
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No of Employees : |
3800 (350 In Office & 3450 In Factory) |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 |
|
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 |
: |
Renata Ltd. |
|
Company
Previous Name |
: |
Laboratories (Bangladesh) Ltd. |
|
Head
Office |
: |
House# 450,
Road#31, New DOHS, Mohakhali, GPO Box # 303, Dhaka-1206, Bangladesh. |
|
Tel
No |
: |
88-02-9860914,
9860915, 8850918, 8850919 |
|
Fax
No |
: |
88-02-8815210 |
|
E-mail |
: |
|
|
Website |
: |
|
|
Year
of Incorporation |
: |
1972 |
|
Incorporation No. |
: |
C-3862 |
|
Legal
Form (General) |
: |
Public Listed Co Public (but not listed) Private Co
State-owned Co Sole
Proprietorship 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 |
|
December 31, 2013) |
BDT 6,774,659,000 ( January,13~September,2013) |
BDT 12,782,413,000 |
BDT 1,079,004,000 (January,13~September,2013) |
|
September 30, 2014 |
BDT 8,199,972,000 ( January,14~September,2014) |
BDT 15,175,074,000 |
BDT 1,261,788,000 ( January,14~September,2014) |
|
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 |
|
Information
Parted By
|
||
|
Name |
: |
Mr. Md.
Jubayer Alam |
|
Designation |
: |
Company
Secretary |
Locations Details
|
||
|
Operating
Address |
: |
House# 450,
Road#31, New DOHS, Mohakhali, GPO Box # 303, Dhaka-1206, Bangladesh.
|
|
Tel
No |
: |
88-02-9860914,
9860915, 8850918, 8850919 |
|
Fax
No |
: |
88-02-8815210 |
|
E-mail |
: |
|
|
Website |
: |
|
|
Location : |
: Owned |
|
|
Rented |
Ö |
|
Leased |
|
Area |
3600 |
Sq. ft. |
|
Type of Office : |
: Commercial Office Bldg. |
Ö |
|
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. |
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Factory(Unit-1): |
||
|
Address |
: |
Plot # 1, Milk
Vita Road, Section#7, Mirpur, Dhaka-1216, Bangladesh |
|
Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
3 |
Acores |
|
Factory(Unit-2): |
||
|
Address |
: |
Noyapara,
Bhawal Mirzapur Rajendrapur, Gazipur, Bangladesh |
|
Location : |
Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
25,000 |
Sq. Ft |
|
Registered
Address: |
||
|
Address |
: |
342/1,
Segunbagicha, Dhaka-1000, Bangladesh. |
|
Tel
No |
: |
88-02-9562871-73 |
|
Corporate
Address: |
||
|
Address |
: |
Plot No. 1,
Milk Vita Road, Section-7, Mirpur, Dhaka-1216, Bangladesh. |
|
Tel
No |
: |
88-02-8011012, 8011013 |
|
Fax
No |
: |
88-02- 8011956 |
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Employee: |
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||||||
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No.
of Employees |
In
Office |
: |
350 |
In
Factory |
: |
3450 |
|
|
In Branch: |
: |
- |
Total
|
: |
3800 |
||
OWNERSHIP/SHAREHOLDERS
|
|
|
Names of Shareholders |
No. of Share |
|
Sajida Foundation |
18,004,045 |
|
Business Research International
Corp. Inc., Panama |
7,919,421 |
|
ICB Unit Fund |
1,175,233 |
|
Investment
Corporation of Bangladesh |
1,126,311 |
|
First ICB Mutual
Fund |
640,608 |
|
Bangladesh Fund |
574,000 |
|
Shadharan Bima
Corporation |
1,544,468 |
|
First Bangladesh
Fixed Income Fund |
392,996 |
|
Other local
shareholders |
3,925,261 |
DIRECTORS
|
|
|
Name |
Designation |
|
Mr. Syed Humayun
Kabir |
Chairman |
|
Mr. Kaiser Kabir, |
Managing Director |
|
Mr. Dr. Sarwar Ali |
Director |
|
Mrs. Zahida Fizza
Kabir |
Director |
|
Mr. A. Hasanat Khan |
Director |
|
Mr. Md.
Fayekuzzaman |
Director |
|
Mr. Manzoor Hasan |
Independent Director |
|
Mr. Kazi Aminul
Huque, |
Independent Director |
MANAGEMENT
|
||
|
Name |
: |
Mr. Md. Jubayer
Alam |
|
Job Description |
: |
Company Secretary |
|
Nationality |
: |
Bangladeshi |
|
|
|
|
|
Name |
: |
Mr. Khokan Chandra
Das |
|
Job Description |
: |
Chief financial
Officer |
|
Nationality |
: |
Bangladeshi |
BUSINESS OPERATIONS
·
Engaged as manufacturer &
Distributor of Generic Pharmaceutical Products including Hormones, Contraceptives,
Anti-Cancer Drugs, Oral Preparations, Cephalosporins, Tablet, Capsule, Syrup, Suspension, Powder for Suspension, Parental Preparations as well as other
Conventional Drugs.
Subject also offer Animal Health, Poultry & Aqua Products
Product details
Poultry Products
Antibiotic Preparations
Co-Trimazine Preparations
Fluroquinolones Preparations
Anthelmintic Preparation
Anti-coccidial Preparation
Electrolyte Preparation
Nutritional Feed Additive
Preparations
Animal Health Products
Sulphonamides Preparations
Antibiotic Preparations
Co-Trimazine Preparation
Anthelmintic Preparations
Anti-Histaminic Preparation
NSAID Preparation
Appetizer & Rumenotoric
Preparations
Metabolic Preparations
Glucocorticoid Preparation
Vitamin-Mineral Preparations
Aqua Products
·
Flimequine INN
Vitamin Minaral Premix for Fish
Oxyteracycline USP(As hydrochloride)
Trading Terms:
|
Purchasing
Terms: |
L/C |
Ö |
Cash |
|
Others |
|
|
|||
|
|
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 |
: |
China, India. |
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Auditors |
: |
Hoda Vasi Chowdhury &
Co. Chartered Accountants |
||||||||
|
Operation Status |
: |
Active |
||||||||
CAPITAL STRUCTURE
|
Authorized
Capital |
: |
BDT 1,000,000,000 |
|
||||||
|
Paid-up
Capital |
: |
BDT 353,023,430 |
No. of Shares |
: |
3, 53,02,343 |
Share Value |
: |
BDT 10.0Each |
|
|
Main
Assets |
: |
BDT 15,175,074,000 |
|
||||||
|
Balance Sheet : |
||
|
|
Currency |
:BDT
|
|
|
Denomination |
:
1 |
|
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Financial Year Ending |
:
September 30, 2014 |
|
|
||
|
Income Statement : |
||
|
|
Currency |
:BDT |
|
|
Denomination |
:
1 |
|
|
Financial Year Ending |
:
September 30, 2014 |
|
|
||
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
|
||
|
Sister Concerns |
: |
Renata Agro
Industries ltd. Purnava
Limited. |
BANKING
|
Bank Name |
: |
HSBC Citibank, N.A. Bank Asia Limited Eastern Bank
Limited The City Bank
Limited Agrani Bank Limited Sonali Bank Limited Commercial Bank of
Ceylon Standard Chartered
Bank |
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 House# 450, Road#31, New
DOHS, Mohakhali, GPO Box # 303, Dhaka-1206, Bangladesh. It is situated at
commercial area which is a well decorated modern office. |
GENERAL
COMMENTS
|
|
The subject company
is engaged in manufacturer
& Distributor. It is reputed company in this line of business. We
recommended that Credit can proceed with favorable terms in Large amount. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.89 |
|
|
1 |
Rs.99.71 |
|
Euro |
1 |
Rs.70.63 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.