|
Report No. : |
348480 |
|
Report Date : |
04.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
ESKAYEF BANGLADESH
LIMITED |
|
|
|
|
Registered Office : |
Gulshan Tower (9th Floor), Plot # 3153, Gulshan North C/A,
Dhaka-1212 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
12.01.1979 |
|
|
|
|
Com. Reg. No.: |
C-7055
|
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacturer, Distributor, and Exporter of Tablet Capsule, Powder for
Suspension. |
|
|
|
|
No. of Employees : |
3500 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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,
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 |
EXECUTIVE
SUMMARY
|
||
|
IDENTIFICATION DETAILS |
||
|
Correct company Name |
: |
Eskayef Bangladesh Limited |
|
Head Office |
: |
Gulshan Tower (9th Floor), Plot # 3153, Gulshan North C/A, Dhaka-1212, Bangladesh. |
|
Tel No |
: |
88-02-8818327, 8814662, 09610998088 |
|
Fax No |
: |
88-02-9887373, 9887376 |
|
E-mail |
: |
|
|
Website |
: |
www.skfbd.com |
|
Date/ Year of Incorporation |
: |
12.01.1979 |
|
Incorporation No. |
: |
C-7055
|
|
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 |
|
31st December 2013 |
BDT
6219.57 Million |
BDT
3495.49 Million |
BDT
487.79 Million |
|
31st December 2014 |
BDT
6570.85 Million |
BDT
3718.21 Million |
BDT 381.06
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. Md. Basirul
Hoque Chowdhury. |
|
Designation |
: |
Officer (HR) |
|
Contract No |
: |
N/A |
|
Locations Details |
||
|
Operating Address |
: |
Gulshan Tower (9th Floor), Plot # 3153, Gulshan North C/A,
Dhaka-1212, Bangladesh. |
|
Tel No |
: |
88-02-8818327, 8814662, 8809610998088 |
|
Fax No |
: |
88-02-9887373, 9887376 |
|
E-mail |
: |
|
|
Website |
: |
www.skfbd.com |
|
Location : |
: Owned |
|
Rented |
Ö |
|
Leased |
|
Area |
8450 |
Sq. ft. |
|
Type of
Office : |
:
Commercial Office Bldg. |
Ö |
|
Semi-commercial office Bldg. |
|
|
|
Retail shop |
|
|
Industrial Park |
|
|
|
|
Business Center |
|
|
Home Office |
|
|
|
|
Residential Bldg. |
|
|
|
|
|
|
Factory: |
|
|
|
Address |
: |
2/C, North East Darus Salam Road, Mirpur-1,
Dhaka-1216, Bangladesh. |
|
Tel No |
: |
88-02-9010368, 9010381 |
|
Fax No |
: |
88-02-9000833 |
|
Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
50000 |
Sq. ft. |
|
Factory2 : |
|
|
|
Address |
: |
400, Squib Road, Industrial Area, Tongi,
Gazipur, Bangladesh. |
|
Tel No |
: |
88-02-9802127, 9802128, 9813781-4 |
|
Fax No |
: |
Nil |
|
Location : |
Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
39000 |
Sq. ft. |
|
Branches: |
|
|
|
Address |
: |
Turning Square, 158 Kamal Attatuk Avenues,
Block # E, Banani, Dhaka-1213, Bangladesh. |
|
Tel No |
: |
88-02-8824761 |
|
Fax No |
: |
Nil |
|
Employee: |
|
|||||||
|
|
|
|||||||
|
No. of Employees |
In Office |
: |
350 |
In Factory |
: |
3150 |
||
|
In Branch: |
: |
- |
Total |
: |
3500 |
|||
|
Details: |
|
|
|
|||||
OWNERSHIP/SHAREHOLDERS
|
|
|
Names of Shareholders |
No. of
Share |
|
Mr. Latifur Rahman |
1 |
|
Mrs. Shahnaz Rahman |
1 |
|
Mr. Saifur Rahman |
1 |
|
Mr. Atiqur Rahman |
1 |
|
Trance Com Limited |
423208 |
DIRECTORS
|
|
|
Name |
Designation |
|
Mr. Latifur Rahman |
Chairman |
|
Mrs. Simeen Hossain |
Managing Director |
|
Mr. Saifur Rahman |
Director |
|
Mr. Atiqur Rahman |
Director |
|
Mr. Arshad Waliur Rahman |
Director |
|
Mrs. Shahnaz Rahman |
Director |
|
Mrs. Shahzreh Huq |
Director |
MANAGEMENT
|
||
|
Name |
: |
Mr. Mohammad
Ruhan Miah |
|
Job Description |
: |
Company Secrety |
|
Nationality |
: |
Bangladeshi. |
|
Email address |
: |
N/A |
|
Other details |
: |
N/A |
|
|
|
|
|
Name |
: |
Mr. Tariqul Islam. |
|
Job Description |
: |
Officer |
|
Nationality |
: |
Bangladeshi. |
|
Email address |
: |
N/A |
|
Other details |
: |
N/A |
|
Name |
: |
Mr. Md. Basirul
Hoque Chowdhury. |
|
Job Description |
: |
Officer (HR) |
|
Nationality |
: |
Bangladeshi. |
|
Email address |
: |
N/A |
|
Other details |
: |
N/A |
BUSINESS
OPERATIONS
|
||||||||
|
Nature of Activity : |
Manufacturer |
Ö |
Trader |
|
Dealer |
|
Distributor |
Ö |
|
|
|
|||||||
|
|
Medicines |
Ö |
Importer |
Ö |
Drags |
Ö |
Others |
|
|
Range of Products: |
||
|
|
||
|
Products |
: |
Tablet Capsule, Powder for Suspension |
|
Production Capacity |
: |
Mirpur Plant: 1.25 Crore Packs per year. Tangi
Plant : 1.61 Crore Packs per year. |
|
Last Year Production |
: |
Do. |
|
Depots |
: |
20 |
|
Regions |
: |
20 |
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 |
|
||||
|
Trade Markets |
: |
Exports |
: |
Germany, UAE, Nepal, Bhutan, Sri Lanka, Myanmar, Vietnam, Ghana, Iraq, Indonesia |
|
|||||
|
Imports |
: |
China, India, Pakistan, Thailand,
Germany, USA. |
|
|||||||
|
Brand Name |
: |
N/A |
||||||||
|
Certified |
: |
ISO 9001:2000 |
||||||||
|
Auditors |
: |
N/A |
||||||||
|
Operation Status |
: |
Active. |
||||||||
|
Member |
: |
Dhaka Chamber of Commerce & Industry. |
||||||||
CAPITAL STRUCTURE
|
|
||||||
|
Authorized Capital |
: |
BDT 500
Million |
|
||||
|
Paid-up Capital |
: |
BDT 4,
23,21,200 |
No. of
Shares |
: |
4, 23,212 |
Share Value : BDT 100.00Each |
|
|
Main Assets |
: |
BDT
3718.21 Million |
|
||||
FINANCIAL
STATEMENT- DETAILED
|
|
The subject company
don’t submit update full financial figure to local registry office. |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
|
||
|
Sister Concerns |
: |
ABC Radio Heritage Tea Prothom Alo Mediastar Ltd The Daily Star Trinco Limited Media World ltd KFC (Restaurant) Transcom Limited Transcom Limited Transcraft Limited Monipur Tea Co. Ltd Tea Holdings Limited Tea Holdings Limited Pizza Hut (Restaurant) Reliance Insurance Ltd Bangladesh Lamps Ltd. Transcom Foods Limited Transfin Trading Limited Marina Tea Company Ltd. Transcom Cables Limited Transcom Beverages Limited M.Rahman Tea Company Ltd. Transcom Electronics Limited Transcom Electronics Limited Beverage Distribution Limited Transcom Distribution Co. Ltd Anondodhara, (Weekly Magazin) Shaptahik 2000, (Weekly Magazin) Bangladesh Electrical Industries Ltd. |
|
Subsidiary |
: |
N/A |
|
Name of The Group |
: |
Transcom Group. |
BANKING
|
||
|
Bank Name
|
: |
Arab Bangladesh Bank Ltd. |
|
Bank Address |
: |
Motijheel Branch BSB Building, 08, DIT Avenue, Dhaka, Bangladesh Tel: 88-02-9563011-5, 9556077, 9555586 Fax: 88-02-9556077 |
|
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 Gulshan Tower (9th Floor), Plot #
3153, Gulshan North C/A, Dhaka-1212, Bangladesh. Its office is situated at
Commercial area. |
GENERAL
COMMENTS
|
|
The subject company is engaged in manufacturer,
Medicines, Drags, Importer, Exporter & Distributors. It is reputed
company in this line of business. We recommended that Credit can proceed
promptly in Fairly large amount. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.45 |
|
|
1 |
Rs.100.96 |
|
Euro |
1 |
Rs.72.10 |
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
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.