|
Report No. : |
328309 |
|
Report Date : |
22.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
RADIANT PHARMACEUTICALS LTD |
|
|
|
|
Registered Office : |
House# 22/1, Road#2, Dhanmondi, Dhaka-1205 |
|
|
|
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Country : |
Bangladesh
|
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|
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Date of Incorporation : |
25.02.1982 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacturer, Distributor and Importer of Tablets, Capsules, Powder
for Suspension, Injectable |
|
|
|
|
No. of Employees : |
1052 |
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 – 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 |
: |
RADIANT PHARMACEUTICALS LTD |
|
Company Previous Name |
: |
Mukti Laboratories Ltd. |
|
Head Office |
: |
House# 22/1, Road#2, Dhanmondi, Dhaka-1205, Bangladesh |
|
Tel No |
: |
88-02-9612481-6, 9660307 |
|
Fax No |
: |
88-02-8626253 |
|
E-mail |
: |
info.pharma@radiant.com.bd |
|
Website |
: |
www.radiant.com.bd |
|
Date/ Year of Incorporation |
: |
25-02-1982 |
|
Incorporation No. |
: |
C-9823
|
|
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 |
BDT 372 Million |
BDT
28.60 Million |
BDT
23.65 Million |
|
July’ 13~June’ 14 |
BDT 468 Million |
BDT 47.93 Million |
BDT 25.74 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 |
: |
Md. Nasser ShahrearZahedee. |
|
Designation |
: |
Director. |
|
Contract No |
: |
- |
|
Locations Details |
||
|
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||
|
Operating Address |
: |
House# 22/1, Road#2, Dhanmondi, Dhaka-1205, Bangladesh |
|
Tel No |
: |
88-02-9612481-6, 9660307 |
|
Fax No |
: |
88-02-8626253 |
|
E-mail |
: |
info.pharma@radiant.com.bd |
|
Website |
: |
www.radiant.com.bd |
|
Location : |
: Owned |
|
Rented |
Ö |
|
Leased |
|
Area |
3500 |
Sq. ft. |
|
Type of Office :
|
: Commercial Office Bldg. |
|
|
Semi-commercial office Bldg. |
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Retail shop |
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Industrial Park |
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||
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Business Center |
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Home Office |
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||
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Residential Bldg. |
Ö |
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Factory: |
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Address |
: |
B-46, BSCIC I/E, Tongi, Gazipur-1710,
Bangladesh. |
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Tel No |
: |
88-02-9815201-3 |
|
Fax No |
: |
88-02-9815204 |
|
Owned |
|
|
Rented |
|
|
Leased |
Ö |
Area |
32000 |
Sq. ft. |
|
Corporate address: |
||
|
Address |
: |
Lubdhok (4th Floor), House# 474 P, Road#03,
Sector#12, Uttara, Dhaka-1230, Bangladesh. |
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Tel No |
: |
88-01727211031 |
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Fax No |
: |
Nil |
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Branches: |
|
|
|
Address |
: |
House # 2/G, Road # 1, Shamoli, Dhaka-1207,
Bangladesh. |
|
Tel No |
: |
88-02-8151456 |
|
Fax No |
: |
Nil |
|
Employee: |
|
||||||
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||||||
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No. of
Employees |
In Office |
: |
350 |
In Factory |
: |
702 |
|
|
In Branch: |
: |
- |
Total |
: |
1052 |
||
OWNERSHIP/SHAREHOLDERS
|
|
|
Names of
Shareholders |
No. of Share |
|
Radiant Business Consortium Limited |
1700 |
|
Md. ZahidHossain |
3500 |
|
Mrs. NahidaAkterZahedee |
3500 |
|
Md. Nasser ShahrearZahedee |
100 |
|
Md. Abu ShahrearZahedee |
1200 |
DIRECTORS
|
|
|
Name |
Designation |
|
Mr. Masrur Ahmed |
Managing Director |
|
Md. ZahidHossain |
Director |
|
Mrs. NahidaAkterZahedee |
Director |
|
Md. Nasser ShahrearZahedee |
Director |
|
Md. Abu ShahrearZahedee |
Director |
MANAGEMENT
|
||
|
Name |
: |
Md. Nasser ShahrearZahedee. |
|
Job Description |
: |
Director. |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
nasser.zahedee@radiant.com.bd |
|
Other details |
: |
- |
|
Name |
: |
Md. Abu ShahrearZahedee(Prazzawl) |
|
Job Description |
: |
Director(Commercial) |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
al-latif.prazzawl@radiant.com.bd |
|
Other details |
: |
- |
|
Name |
: |
Mr. MoinulKarim |
|
Job Description |
: |
Officer(International Business) |
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Nationality |
: |
Bangladeshi |
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Email address |
: |
moinul.hakim@radiant.com.bd |
|
Other details |
: |
- |
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 |
Ö |
Services |
|
Others |
|
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Item Dealings
In: |
||
|
|
||
|
Products |
: |
Tablets, Capsules, Powder for Suspension, Injectable |
|
Production
Capacity |
: |
Nil |
|
Last Year
Production |
: |
Nil |
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 |
: |
F. Hoffmann-La Roche Limited |
Local Suppliers |
: |
N/A |
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||||
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Trade Markets |
: |
Exports |
: |
N/A |
|
|||||
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Imports |
: |
India, Japan, Germany, China, Switzerland. |
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Brand Name |
: |
N/A |
||||||||
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Certified |
: |
ISO 9001:2000. |
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Auditors |
: |
N/A |
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Operation Status |
: |
Active. |
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Member |
: |
Bangladesh OshudShalpaSamity |
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CAPITAL STRUCTURE
|
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||||||||
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Authorized
Capital |
: |
BDT 20 Million. |
|
||||||
|
Paid-up
Capital |
: |
BDT 10, 00,000 |
No.
of Shares |
: |
10, 000 |
ShareValue
|
: |
BDT 100.00Each |
|
|
Main
Assets |
: |
BDT 47.93 Million |
|
||||||
FINANCIAL
STATEMENT- DETAILED
|
|
The subject company don’t submit update full financial figure to local
registry office. |
ASSOCIARES/SUBSIDIARIES/RELATED
PARTIES
|
||
|
Sister Concerns |
: |
Radiant Herbals Ltd. Radiant Distributions Ltd. Radiant Export Import Enterprise Radiant Business Consortium Ltd |
|
Subsidiary |
: |
Nil |
|
Name of The Group |
: |
Radiant Group. |
BANKING
|
|
|
|
Bank Name |
: |
National Credit And Commerce Bank Ltd |
|
Bank Address |
: |
Dhanmondi Branch. Quality Center, 744, Shat Masjid Road,
Dhanmondi, Dhaka Tel: 88-02-8110518, 8121240, 9139908,
8143592, 8143594 Fax: 88- 02-9139908 |
|
|
||
|
Bank Name |
: |
One Bank Ltd. |
|
Bank Address |
: |
Dhanmondi Branch. House No. 21, Road No. 8 Dhanmondi R/A Dhaka Phone: +88-02-9139224, 9120790, 8120672 Fax:
+88-02-9143965 |
|
Bank Name |
: |
Dhaka Bank Ltd. |
|
Bank Address |
: |
Dhanmondi Branch. House # 20, Road # 7, Dhanmondi R/A, Dhaka Tel: +8802 9122278, 9115551,9111019,9111337 Fax: +8802 8125481 E-mail: dhanmondi@dhakabank.com.bd
|
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 their Head office which is situated at House# 22/1, Road#2,
Dhanmondi, Dhaka-1205, Bangladesh. It is situated at residential area. |
GENERAL
COMMENTS
|
|
The subject company is engaged in manufacturer & Distributor. It
is reputed company in this line of business. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.82 |
|
|
1 |
Rs.101.26 |
|
Euro |
1 |
Rs.72.36 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
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.