|
Report No. : |
352505 |
|
Report Date : |
30.11.2015 |
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, Exporter and Importer of Tab, Capsules, Syrup, Suspension, Ointment. |
|
|
|
|
No. of Employees : |
2355 |
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,
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 |
: |
BIO PHARMA LTD |
|
Previous Name |
: |
BIO - PHARMA LABORATORIES LTD. |
|
Head Office |
: |
7/16, Block-B, Lalmatia, Dhaka- 1207, Bangladesh. |
|
Tel No |
: |
88-02-8157953, 8150928, 8159481 |
|
Fax No |
: |
88-02-9134684 |
|
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’ 13~June’
14 |
BDT 538 Million |
BDT 1382.35 Million |
BDT 29.59 Million |
|
July’ 14~June’
15 |
BDT 721 Million |
BDT 1411.59 Million |
BDT 47.60 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. Golam Moula
Shimul |
|
Designation |
: |
Deputy Manager
(HR) |
|
Contract No |
: |
N/A |
|
Locations
Details |
||
|
Operating Address |
: |
7/16, Block-B, Lalmatia, Dhaka- 1207, Bangladesh. |
|
Tel No |
: |
88-02-8157953, 8150928, 8159481 |
|
Fax No |
: |
88-02-9134684 |
|
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 |
: |
88-02-9801240 |
|
Fax No |
: |
Nil |
|
Owned |
|
|
Rented |
|
|
Leased |
Ö |
Area |
36500 |
Sq. ft. |
|
Branches: |
|
|
|
Address |
: |
N/A |
|
Tel No |
: |
N/A |
|
Fax No |
: |
N/A |
|
Employee: |
|
|||||||
|
|
|
|||||||
|
No. of Employees |
In Office |
: |
138 |
In Factory |
: |
2217 |
||
|
In Branch: |
: |
|
Total |
: |
2355 |
|||
|
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 |
|
Mr. 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 |
|
Mr. Md. Shah Alam |
95000 |
|
Dr. Md. Yousuf |
250000 |
|
Comilla Medical Center Limited |
80000 |
|
Mr. Md. Shahidullah |
250000 |
|
Mr. Farid Uddin Ahmed |
120000 |
|
Mr. Sultan Mahmud |
190000 |
|
Mr. Md. Soliaman |
100000 |
|
Mohammad Jahangir |
145000 |
|
Md. Rashidul Hasan |
180000 |
|
Md. Harunur Rashid |
205000 |
|
Mr. Shibbir Ahmed Osmani |
250000 |
|
Md. Tofazzal Hossain |
250000 |
|
Mr. 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 |
|
Mr. 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 |
Ö |
Services |
|
Others |
|
|
Range of
Products: |
||
|
|
||
|
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 |
: |
Europe |
|
|||||
|
Imports |
: |
India, China |
|
|||||||
|
Brand Name |
: |
Nil |
||||||||
|
Certified |
: |
Nil |
||||||||
|
Auditors |
: |
Nil |
||||||||
|
Operation Status |
: |
Active |
||||||||
|
Member |
: |
N/A |
||||||||
CAPITAL STRUCTURE
|
|
|||||||
|
Authorized
Capital |
: |
BDT 1000 Million |
|
|||||
|
Paid-up Capital |
: |
BDT 69569300 |
No. of Shares |
: 6956390 |
Share
Value |
: |
BDT100.00Each |
|
|
Main Assets |
: |
BDT 1411.59 Million |
|
|||||
FINANCIAL
STATEMENT- DETAILED
|
|
Summary information given. |
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 Bio Food & Beverage IND. Ltd. Euro Bangla Heart Hospital 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 Tel: 88-02-8011287, 9005650, 9015817 |
|
|
||
|
Bank Name
|
: |
Al-Arafah Islami Bank Limited. |
|
Bank Address |
: |
Mirpur Branch, 5/H-G, Darus-Salam Road, Mirpur-1, Dhaka-1216, Bangladesh Tel: 88-02-9008123 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 manufacturer, Importer, Exporter
& Distributor. It is reputed company in this line of business. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.75 |
|
|
1 |
Rs.100.67 |
|
Euro |
1 |
Rs.70.87 |
|
BDT |
1 |
Rs.0.86 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
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.