|
Report No. : |
328310 |
|
Report Date : |
22.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
BIO PHARMA LTD |
|
|
|
|
Registered Office : |
7/16, Block-B, Lalmatia, Dhaka- 1207 |
|
|
|
|
Country : |
Bangladesh
|
|
|
|
|
Date of Incorporation : |
22.11.1976 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacturer, Distributor and Exporter of Tab, Capsules, Syrup, Suspension, Ointment |
|
|
|
|
No. of Employees : |
2400 |
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 |
|
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 |
: |
BIO PHARMA LTD |
|
Previous Name |
: |
Bio - Pharma
Laboratories Ltd. |
|
Head Office |
: |
7/16, Block-B, Lalmatia, Dhaka- 1207, Bangladesh. |
|
Tel No |
: |
880-2 8157953, 8150928, 8159481 |
|
Fax No |
: |
880-2-9134684 |
|
E-mail |
: |
info@biopharmabd.com,
mgrintra@biopharmabd.com |
|
Website |
: |
www.biopharmabd.com |
|
Date/ Year of Incorporation |
: |
22.11.1976 |
|
Incorporation No. |
: |
C-5030
|
|
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 |
FINANCIALS- SUMMARY
|
|||
|
Year |
Turnover/
Sales |
Assets |
Income |
|
July’ 12~June’
13 |
BDT 495 Million |
BDT 1234.50 Million |
BDT 25.24
Million |
|
July’ 13~June’
14 |
BDT 538
Million |
BDT 1382.35 Million |
BDT 29.59
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
|
||
|
Information Parted By |
||
|
|
|
|
|
Name |
: |
Mr. Shafikur
Rahman |
|
Designation |
: |
Manager (HR) |
|
Contract No |
: |
N/A |
|
Locations Details |
||
|
Operating Address |
: |
7/16, Block-B, Lalmatia, Dhaka- 1207, Bangladesh. |
|
Tel No |
: |
880-2 8157953, 8150928, 8159481 |
|
Fax No |
: |
880-2-9134684 |
|
E-mail |
: |
info@biopharmabd.com,
mgrintra@biopharmabd.com |
|
Website |
: |
www.biopharmabd.com |
|
Location : |
: Owned |
|
Rented |
Ö |
|
Leased |
|
Area |
2150 |
Sq. ft. |
|
Type of Office : |
:
Commercial Office Bldg. |
|
|
Semi-commercial
office Bldg. |
|
|
|
Retail shop |
|
|
Industrial Park |
|
|
|
|
Business Center |
|
|
Home Office |
|
|
|
|
Residential Bldg. |
Ö |
|
|
|
|
|
Factory: |
|
|
|
Address |
: |
Plot# 116/A, BSCIC Industrial Estate Tongi
Gazipur 1710 Bangladesh |
|
Tel No |
: |
880-2-9801240 |
|
Fax No |
: |
Nil |
|
Owned |
|
|
Rented |
|
|
Leased |
Ö |
Area |
36500 |
Sq. ft. |
|
Branches: |
|
|
|
Address |
: |
Nil |
|
Tel No |
: |
N/A |
|
Fax No |
: |
N/A |
|
Employee: |
|
|||||||
|
|
|
|||||||
|
No. of Employees |
In Office |
: |
170 |
In Factory |
: |
2230 |
||
|
In Branch: |
: |
|
Total |
: |
2400 |
|||
|
Details: |
|
|
|
|||||
OWNERSHIP/SHAREHOLDERS
|
|
|
Names of Shareholders |
No. of
Share |
|
Mr. N.A. Khademul Islam |
51,740 |
|
Dr. Mohd. Mizanur Rahman |
51730 |
|
Dr. Ali Ashraf Khan |
250000 |
|
Dr. Lokiat Ullah |
51730 |
|
Md. Saiful Amin |
51730 |
|
Dr. Md. Anwarul Azim |
250000 |
|
Mrs. Nasima Begum Jhumu |
250000 |
|
Mrs. Nazma Haque |
250000 |
|
Mr. Altaf Uddin Ahmed |
230000 |
|
Mrs. Farida Khan |
260000 |
|
Mrs. Farjana Begum |
170000 |
|
Ms. Samsad Ara |
180000 |
|
Mr. Jahangir Alam |
80000 |
|
Mohammad Amzad Hossain |
155000 |
|
Dr. M. Karim Khan |
55000 |
|
Dr. Sahinur Sultana |
75000 |
|
Dr. Md. Shahadat Hossain |
110000 |
|
Mohammad Jalal Uddin |
90000 |
|
Dr. S. M. Wajed |
160000 |
|
Dr. Abdul Momin |
115000 |
|
Noakhali Private Hospital Limited |
50000 |
|
Ms. Roushan Ara Begum |
80000 |
|
Dr. Mohammad Jobawer |
210000 |
|
Dr. Golam Mostafa |
115000 |
|
Md. Shah Alam |
95000 |
|
Dr. Md. Yousuf |
250000 |
|
Comilla Medical Center Limited |
80000 |
|
Md. Shahidullah |
250000 |
|
Mr. Farid Uddin Ahmed |
120000 |
|
Mr. Sultan Mahmud |
190000 |
|
Md. Soliaman |
100000 |
|
Mohammad Jahangir |
145000 |
|
Md. Rashidul Hasan |
180000 |
|
Md. Harunur Rashid |
205000 |
|
Mr. Shibbir Ahmed Osmani |
250000 |
|
Md. Tofazzal Hossain |
250000 |
|
Mohammad Rabiul Karim |
250000 |
|
Mrs. Hosne-Ara Begum |
250000 |
|
Mr. Habibur Rahman |
250000 |
|
Dr. Jahir Uddin Mahmud |
250000 |
|
Mr. Shahinul Alam |
250000 |
|
Dr. Mohammad Jasim Uddin |
250000 |
DIRECTORS
|
|
|
Name |
Designation |
|
Dr. Md. Anwarul Azim |
Managing Director |
|
Mr. N.A. Khademul Islam |
Director |
|
Dr. Mohd. Mizanur Rahman |
Director |
|
Dr. Ali Ashraf Khan |
Director |
|
Dr. Lokiat Ullah |
Director |
|
Md. Saiful Amin |
Director |
|
Mrs. Nasima Begum Jhumu |
Director |
|
Mrs. Nazma Haque |
Director |
|
Dr. Jahir Uddin Mahmud |
Director |
MANAGEMENT
|
||
|
Name |
: |
Mr. Golam Moula
Shimul |
|
Job Description |
: |
Deputy Manager
(HR) |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
N/A |
|
Other details |
: |
N/A |
|
|
|
|
|
Name |
: |
Mr. Shafikur
Rahman |
|
Job Description |
: |
Manager (HR) |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
N/A |
|
Other details |
: |
N/A |
BUSINESS
OPERATIONS
|
||||||||
|
Nature of Activity : |
Manufacturer |
Ö |
Trader |
|
Dealer |
|
Distributor |
Ö |
|
|
|
|||||||
|
|
Exporter |
Ö |
Importer |
|
Services |
|
Others |
|
|
Range of
Products/Item Dealings In: |
||
|
|
||
|
Products |
: |
Tab, Capsules, Syrup, Suspension, Ointment |
|
Production Capacity |
: |
N/A |
|
Last Year
Production |
: |
N/A |
Trading Terms:
|
Purchasing Terms: |
L/C |
Ö |
Cash |
|
Others |
|
|
|||
|
|
Credit : |
|
30 days |
|
60 days |
Ö |
90 days |
|
|
days |
|
Selling Terms : |
L/C |
Ö |
Cash |
|
Others |
|
|
|||
|
|
Credit : |
|
30 days |
|
60 days |
Ö |
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 |
|
||||
|
Trade Markets |
: |
Exports |
: |
Uzbekistan, Benin, Yemin |
|
|||||
|
Imports |
: |
China, India, Thailand, Germany, USA. |
|
|||||||
|
Brand Name |
: |
Nil |
||||||||
|
Certified |
: |
Nil |
||||||||
|
Auditors |
: |
Nil |
||||||||
|
Operation Status |
: |
Nil |
||||||||
|
Member |
: |
Dhaka Chamber of Commerce & Industry |
||||||||
CAPITAL STRUCTURE
|
|
|||||||
|
Authorized
Capital |
: |
BDT 1000 Million |
|
|||||
|
Paid-up Capital |
: |
BDT 69569300 |
No. of Shares |
: 6956390 |
Share
Value |
: |
BDT100.00Each |
|
|
Main Assets |
: |
BDT 1382.35 Million |
|
|||||
FINANCIAL
STATEMENT- DETAILED
|
|
The subject company don’t submit update
financial figure to local registry office. |
ASSOCIARES/SUBSIDIARIES/RELATED
PARTIES
|
||
|
Sister Concerns |
: |
Bio Vision Ltd Bio Natures Ltd. BPL Housing Ltd. Bio Properties Ltd Hotel Coastal Peace Biopharma Foundation Biopharma Agrovet Ltd. Bio Health Care Limited Euro Bangla Heart Hospital Ltd. Bio Food & Beverage IND. Ltd. Biopharma Medical Collage & Hospital Crescent Gastro liver & General Hospital Ltd. |
|
Subsidiary |
: |
Ni |
|
Name of The Group |
: |
Bio Group |
BANKING
|
|
|
|
Bank Name
|
: |
Islami Bank
Bangladesh Ltd. |
|
Bank Address |
: |
Mirpur Branch, Road #1, Section #6, Mirpur, Dhaka,
Bangladesh Phone: (02) 8011287, 9005650, 9015817 |
|
|
||
|
Bank Name
|
: |
Al-Arafah Islami Bank Limited. |
|
Bank Address |
: |
Mirpur Branch, 5/H-G, Darus-Salam Road, Mirpur-1
Dhaka-1216, Bangladesh Ph: 9008123 9010623 01819-211459 |
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 7/16, Block-B, Lalmatia, Dhaka- 1207, Bangladesh. It is Situated
at Residential area. |
GENERAL
COMMENTS
|
|
The subject company is engaged in manufacture, Exporter &
Distributors. It is reputed company in this line of business. We recommended that
Credit can proceed normally in Moderate amount. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.82 |
|
|
1 |
Rs.101.26 |
|
Euro |
1 |
Rs.72.36 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.