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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

488532

Report Date :

01.02.2018

 

IDENTIFICATION DETAILS

 

Name :

HEALTHCARE PHARMACEUTICALS LTD.

 

 

Registered Office :

Nasir Trade Centre ( Level- 9 & 14), 89, Bir Uttam CR Datta Road, Banglamotor (Sonargaon Road), Dhaka-1205

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

02.11.1996

 

 

Com. Reg. No.:

C-31679

 

 

Legal Form :

Private Company  

 

 

Line of Business :

Manufacturer, Distributor, Exporter and Importer of Tablet, Capsule, Powder for Suspension.

 

 

No. of Employees :

820

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A+

 

Credit Rating

Explanation

 

Rating Comments

A+

Low Risk

Business dealings permissible with low risk of default

 

 

 

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

 

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

Bangladesh

A2

A2

 

Risk Category

ECGC

Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

 

BANGLADESH - ECONOMIC OVERVIEW

 

Bangladesh's economy has grown roughly 6% per year since 1996 despite prolonged periods of political instability, poor infrastructure, endemic corruption, insufficient power supplies, and slow implementation of economic reforms. Although more than half of GDP is generated through the services 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 $25 billion in 2016. The sector continues to grow, despite a series of high-profile factory accidents that have killed more than 1,000 workers and crippling strikes, including a nationwide transportation blockade orchestrated by the political opposition during the first several months of 2015. Steady export growth in the garment sector combined with remittances from overseas Bangladeshis - which totaled about $15 billion and 8% of GDP in 2015 - are key contributors to Bangladesh's sustained economic growth and rising foreign exchange reserves.

 

Source : CIA

 

 

COMPANY NAME AND ADDRESS

 

HEALTHCARE PHARMACEUTICALS LTD.

 

 

EXECUTIVE SUMMARY

 

                                                IDENTIFICATION DETAILS

Correct company Name

:

Healthcare Pharmaceuticals Ltd.

Head Office

:

Nasir Trade Centre ( Level- 9 & 14), 89, Bir Uttam CR Datta Road,

Banglamotor (Sonargaon Road), Dhaka-1205, Bangladesh.

Tel No

:

88-02-9632176, 9632175

Fax No

:

Nil

E-mail

:

info@hplbd.com

Website

:

www.hplbd.com

Date/ Year of Incorporation

:

02.11.1996

Incorporation No.

:

C-31679

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

30th June, 2016

BDT 1295 Million

BDT 3510.28 Million

BDT 30.21 Million

 30th June, 2017

BDT 1341 Million

BDT 3608.24  Million

BDT 49.50  Million

 

 

 

 

FULLCHECK REPORT DETAILS

 

                                                             Information Parted By

Name

:

Mr. Liton Ali.

Designation

:

Manager (Commercial)

Contract No

:

N/A

 

                                                               Locations Details

Operating Address

:

Nasir Trade Centre ( Level- 9 & 14), 89, Bir Uttam CR Datta Road,

Banglamotor (Sonargaon Road), Dhaka-1205, Bangladesh.

Tel No

:

88-02-9632176, 9632175

Fax No

:

Nil

E-mail

:

info@hplbd.com

Website

:

www.hplbd.com

 

Location :

: Owned

 

Rented

Ö

 

Leased

 

Area

48000

Sq. ft.

 

 

Type of Office :

  :       Commercial Office Bldg.

 

 

Semi-commercial office Bldg.

Ö

     

Retail shop

 

 

Industrial Park

 

     

Business Center

 

 

Home Office

 

     

Residential Bldg.

 

 

 

 

 

 

Factory:

 

 

Address

:

Gojaria Para, Rejendrapur, Gazipur, Bangladesh.

Tel No

:

Nil

Fax No

:

88-02-9201437

 

Branch-1:

 

 

Address

:

Gulfresh Plaza (5th floor), 8, Shahid Selina Parvin Srak Mogbazer, Dhaka-1216, Bangladesh.

Tel No

:

Nil

Fax No

:

Nil

 

 

 

Branch-2:

 

 

Address

:

House # 15 (ground Floor), Road # 1, O. R, Nizam road, Chittagong, Bangladesh

Tel No

:

Nil

Fax No

:

Nil

 

 

 

Branch-3:

 

 

Address

:

480, Noor Mosjid Road, Jaleritala, Bogra, Bangladesh.

Tel No

:

88-01977157727

Fax No

:

Nil

 

 

 

Branch-4:

 

 

Address

:

House # 108 (1st Floor), Ward # 24, Road # 8, Nirala R/A, Khulna, Bangladesh.

Tel No

:

Nil

Fax No

:

Nil

 

 

 

Branch-5:

 

 

Address

:

S. N. Plaza (3rd Floor), Degree College Road, Dharmapur, Comilla, Bangladesh.

Tel No

:

Nil

Fax No

:

Nil

 

Employee:

 

No. of Employees 

 

In Office

:

30

In Factory

:

550

Sales

:

240

Total

:

820

Details:

 

                     

 

 

 

OWNERSHIP/SHAREHOLDERS

 

         Names of Shareholders

No. of Share

Mr. Alauddin Ahmed

483052

Mrs. Suraya Bilkis

276000

Mr. Zillur Rahman

27600

Mr. Sejaur Rahman

27600

Mr. Mokkaram Hossain (Liton)

109848

Mr. Anwar Kabir (Uzzal)

27600

Mr. Muhammed Halimuzzaman

207000

Mr. Gazi Shaiful Tarique

27600

Mrs. Noorun Nahar

500

Mr. Rezaul Karim (Reza)

27600

Mr. Ohidul Islam ( Tokon)

27600

Mr. Mohd. Saifullah

27600

Mr. Mohammad Abdul Alim

27600

Mr. Md. Sujan Mahmud Antu

27600

Mr. Md. Salim Hossain

27600

Mr. Ziaur Rahman Khokon

27600

 

 

DIRECTORS

 

Name

Designation

Mr. Alauddin Ahmed

Managing Director

Mrs. Suraya Bilkis

Director

Mr. Muhammed Halimuzzaman

Director

 

 

MANAGEMENT

 

Name

:

Mr. Alauddin Ahmed

Job Description

:

Managing Director

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

Name

:

Mr. Liton Ali.

Job Description

:

Manager (Commercial)

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

 

 

Name

:

Mr. Kazi Dhaudul Islam

Job Description

:

Manager (Sales)

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

 

 

 

Name

:

Mr. Md. Masud

Job Description

:

Officer (Commercial)

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

:

Tablet, Capsule, Powder for Suspension

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

:

Sri Lanka, Kenai, Macau, Somalia, Nigeria, Belize.        

 

Imports

:

China, Malaysia, India, Pakistan.

 

Brand Name

:

N/A

Certified

:

N/A

Auditors

:

N/A

Operation Status

:

Active

Member

:

N/A

 

 

CAPITAL STRUCTURE

 

Authorized Capital

:

BDT 200 Million

 

Paid-up Capital

:

BDT 138000000

 

No. of Shares

:

1380000

 

Share Value

:

BDT 100.00 Each

 

Main Assets

:

BDT 3608.24  Million

 

 

FINANCIAL STATEMENT- DETAILED

 

Summary Information has been submitted to local registry office.

 

 

ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES

 

Sister Concerns

:

Healthcare Distribution Company

Subsidiary

:

Nil

Name of  The Group

:

Nil

 

 

BANKING

 

Bank Name  

:

Islami Bank Bangladesh Ltd.

Bank Address

:

Head Office Branch

Islami Bank Tower, 40, Dilkusha C/A, Dhaka-1000, Bangladesh

Phone: 88-02-9563182, 9563040

Fax: 88-02-9564532

 

 

 

 

 

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 Nasir Trade Centre (Level- 9 & 14), 89, Bir Uttam CR Datta Road, Banglamotor (Sonargaon Road), Dhaka-1205, Bangladesh. It is situated at a semi-commercial office building.

 

 

GENERAL COMMENTS

 

SC’s is maintains acceptable business volume. Based on the financial statements, SC’s financial performance appears to be Above Average. Having been in operation for several years, Subject enjoys some recognition and impact in the line.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 63.69

UK Pound

1

INR 90.35

Euro

1

INR 79.21

BDT

1

INR 0.76

Note: Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NIT

 

 

 

RATING EXPLANATIONS

 

Credit Rating

 

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.