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Report No. : |
321611 |
|
Report Date : |
14.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
NIPRO JMI PHARMA LIMITED |
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Formerly Known As : |
JMI PHARMA LTD |
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Registered Office : |
7/A, Shanti Bag, Dhaka-1217 |
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Country : |
Bangladesh
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Date of Incorporation : |
16.04.2002 |
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Legal Form : |
Private Company |
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Line of Business : |
Manufacturer and Distributor of Tab, Capsules, Syrup, Suspension, Ointment. |
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No. of Employees : |
1100 |
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 : |
Good |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Bangladesh |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
: |
NIPRO JMI PHARMA LIMITED |
|
Company Previous Name |
: |
JMI PHARMA LTD |
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Head Office |
: |
7/A, Shanti Bag, Dhaka-1217, Bangladesh. |
|
Tel No |
: |
88-02 -8318375, 9333102 |
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Fax No |
: |
88-02-9337798 |
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E-mail |
: |
info@jmigroup-bd.com,
tosazzel@jmigroup-bd.com |
|
Website |
: |
www.jmigroup-bd.com |
|
Date/ Year of Incorporation |
: |
16.04.2002 |
|
Incorporation No. |
: |
C-45550
|
|
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
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|||
|
Year |
Turnover/
Sales |
Assets |
Income |
|
July’ 12~June’
13 |
BDT 381 Million |
BDT 2145.50 Million |
BDT 17.14 Million |
|
July’ 13~June’
14 |
BDT 455 Million |
BDT 2285.62 Million |
BDT 21.84 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 |
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FULLCHECK
REPORT DETAILS
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Information Parted By |
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Name |
: |
Mr. Tofazzal
Haque |
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Designation |
: |
Senior Executive
of HR & Admin |
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Contract No |
: |
N/A |
|
Locations
Details |
||
|
Operating Address |
: |
7/A, Shanti Bag, Dhaka-1217, Bangladesh. |
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Tel No |
: |
88-02 -8318375, 9333102 |
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Fax No |
: |
88-02-9337798 |
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E-mail |
: |
info@jmigroup-bd.com, tosazzel@jmigroup-bd.com |
|
Website |
: |
www.jmigroup-bd.com |
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Location : |
: Owned |
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Rented |
Ö |
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Leased |
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Area |
3800 |
Sq. ft. |
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Type of Office : |
:
Commercial Office Bldg. |
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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. |
Ö |
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Factory: |
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Address |
: |
Rajendrapur, Chaussagram, Comilla,
Bangladesh. |
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Tel No |
: |
Nil |
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Fax No |
: |
Nil |
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Owned |
Ö |
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Rented |
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Leased |
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Area |
5 |
Acores. |
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Branches: |
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Address |
: |
Nil |
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Tel No |
: |
Nil |
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Fax No |
: |
Nil |
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Employee: |
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No. of Employees |
In Office |
: |
380 |
In Factory |
: |
720 |
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In Branch: |
: |
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Total |
: |
1100 |
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Details: |
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OWNERSHIP/SHAREHOLDERS
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Names of Shareholders |
No. of Share |
|
Mr. A. N. M. Mostafizur Rahaman Patwary |
18630 |
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Mr. Md. Jabed Iqbal Pathan |
24840 |
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Mr. Md. Abdur Razzaq |
56030 |
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Mr. Md. Golam Mostafa |
4000 |
|
Nipro Corporation |
16953000 |
DIRECTORS
|
|
|
Name |
Designation |
|
Mr. Md. Jabed Iqbal Pathan |
Chairmen |
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Mr. Md. Abdur Razzaq |
Managing Director |
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Mr. A.N.M. Mostafizur Rahaman Patwary |
Director |
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Mr. Md. Golam Mostafa |
Director |
|
Kazoo Wakatsuki |
Director |
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Kimihto Minoura |
Director |
|
Noriyoshi Iwasaki |
Director |
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Nozomu Fujita |
Director |
|
Youshihiko Sano |
Director |
MANAGEMENT
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||
|
Name |
: |
Mr. Tofazzal
Haque |
|
Job Description |
: |
Senior Executive
of HR & Admin |
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Nationality |
: |
Bangladeshi |
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Email address |
: |
N/A |
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Other details |
: |
N/A |
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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 |
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Services |
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Others |
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Range of
Products: |
||
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Products |
: |
Tab, Capsules, Syrup, Suspension,
Ointment. |
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Production Capacity |
: |
N/A |
|
Last Year
Production |
: |
N/A |
Trading Terms:
|
Purchasing Terms: |
L/C |
Ö |
Cash |
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Others |
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|||
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Credit : |
|
30 days |
|
60 days |
Ö |
90 days |
|
|
days |
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Selling Terms : |
L/C |
|
Cash |
Ö |
Others |
|
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|||
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Credit : |
Ö |
30 days |
|
60 days |
|
90 days |
|
|
days |
DETAILED
DATA
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|||||||||
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Trade Reference
& Related Parties |
: |
Overseas Clients |
: |
N/A |
Local Clients |
: |
N/A |
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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, Korea, Japan |
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|||||||
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Brand Name |
: |
Nil |
||||||||
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Certified |
: |
Nil |
||||||||
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Auditors |
: |
Nil |
||||||||
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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 |
: |
BDT 2000 Million |
|
||||||
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Paid-up Capital |
: |
BDT1705650000 |
No. of Shares |
: |
17056500 |
Share
Value |
: |
BDT100.00Each |
|
|
Main Assets |
: |
BDT 2285.62 Million |
|
||||||
FINANCIAL
STATEMENT- DETAILED
|
|
The subject company don’t submit update
financial figure to local registry office. |
ASSOCIARES/SUBSIDIARIES/RELATED
PARTIES
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||
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Sister Concerns |
: |
JMI Syringes & Medical Devices Ltd. JMI Life Saving Vaccine MFG. Ltd. JMI Hospital Requisite MFG. Ltd. JMI Builders & Construction Ltd. JMI Printing & Packaging Ltd. JMI CNG Dispensing Co. Ltd. JMI Safe Transportation Ltd. JMI Export Import Co. Ltd. JMI Hollow Block Co. Ltd. Nipro JMI Co. Ltd. JMI Vaccine Ltd. |
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Subsidiary |
: |
Nil |
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Name of The Group |
: |
JMI Group. |
BANKING
|
|
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Bank Name
|
: |
Janata Bank Ltd. |
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Bank Address |
: |
Motijheel Branch 48, Motijheel Commercial Area, Dhaka-1000,
Bangladesh Phone: 88-02-9558509, 7168883, 9571676,
9554654 Fax:n88-02-7113233 |
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|
||
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Bank Name
|
: |
Dutch Bangla Bank Ltd. |
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Bank Address |
: |
Nababpur Branch 65, Nababpur Road, Dhaka-1000, Dhaka, Bangladesh. |
ADVERSE
DATA MONITORING
|
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|
Dishonored Checks |
:
|
No Record Found |
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Debt |
: |
No Record Found |
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Litigation |
: |
Clear |
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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 7/A, Shanti bag, Dhaka-1217, 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.64.19 |
|
|
1 |
Rs.100.57 |
|
Euro |
1 |
Rs.72.07 |
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.