|
|
|
MIRA INFORM REPORT
|
Report No. : |
490351 |
|
Report Date : |
06.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
ESKAYEF PHARMACEUTICALS LIMITED |
|
|
|
|
Formerly Known As : |
ESKAYEF BANGLADESH LIMITED |
|
|
|
|
Registered Office : |
Gulshan Tower (9th Floor), Plot# 31,
Road# 53, Gulshan North C/A, Dhaka-1212. |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
12.01.1979 |
|
|
|
|
Com. Reg. No.: |
C-7055 |
|
|
|
|
Legal Form : |
Private Co |
|
|
|
|
Line of Business : |
Manufacturer, Importer of Distributor Tablet Capsule, Powder for Suspension |
|
|
|
|
No. of Employees : |
3,500 |
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 |
EXECUTIVE
SUMMARY
|
||
|
IDENTIFICATION DETAILS |
||
|
Correct company Name |
: |
Eskayef Pharmaceuticals Limited |
|
Previous Company Name |
: |
Eskayef Bangladesh Limited |
|
Head Office |
: |
Gulshan Tower (9th Floor), Plot# 31,
Road# 53, Gulshan North C/A, Dhaka-1212, Bangladesh. |
|
Tel No |
: |
88-02-58814663, 58814701, 58814662,
58814698, 9848501-2, 8834268 9882843 |
|
Fax No |
: |
88-02-9884644 |
|
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 |
|
30th
June, 2016 |
BDT 1295 Million |
BDT 587.80 Million |
BDT 105.63 Million |
|
30th
June, 2017 |
BDT 1863 Million |
BDT 795.21 Million |
BDT 115.80 Million |
FULLCHECK
REPORT DETAILS
|
||
|
Information Parted By |
||
|
Name |
: |
Mr.
Mashkat Hasan Pavel |
|
Designation |
: |
Manager
(Finance) |
|
Contract No |
: |
N/A |
|
Locations Details |
||
|
Operating Address |
: |
Gulshan Tower (9th Floor), Plot# 31, Road# 53,
Gulshan North C/A, Dhaka-1212, Bangladesh. |
|
Tel No |
: |
88-02-58814663, 58814701, 58814662,
58814698, 9848501-2, 8834268 |
|
Fax No |
: |
88-02-9884644 |
|
E-mail |
: |
|
|
Website |
: |
www.skfbd.com |
|
Location : |
:
Owned |
|
Rented |
Ö |
|
Leased |
|
Area |
8450 |
Sq. ft. |
|
Type of Office : |
:
Commercial Office area |
Ö |
|
Semi-commercial
office Bldg. |
|
|
|
Retail shop |
|
|
Industrial
Park |
|
|
|
|
Business Center |
|
|
Home
Office |
|
|
|
|
Residential Bldg. |
|
|
|
|
|
|
Factory-1: |
|
|
|
Address |
: |
2/C, North East Darus Salam
Road, Mirpur-1, Dhaka-1216, Bangladesh. |
|
Tel No |
: |
88-02-9010368, 9010381 |
|
Fax No |
: |
88-02-9000833 |
|
Factory-2 : |
|
|
|
Address |
: |
400, Squib Road, Industrial
Area, Tongi, Gazipur, Bangladesh. |
|
Tel No |
: |
88-02-9813781-4, 09610998088 |
|
Fax No |
: |
Nil |
|
Marketing, Sales &
Commercial Office: |
||
|
Address |
: |
Turning Square, 158, Kamal Attatuk
Avenues, Block # E, Banani, Dhaka-1213, Bangladesh. |
|
Tel No |
: |
88-02-9844761-4 |
|
Fax No |
: |
Nil |
|
Employee: |
|
|||||||
|
|
|
|||||||
|
No. of Employees |
In Office |
: |
410 |
In Factory |
: |
3090 |
||
|
In Branch: |
: |
- |
Total
|
: |
3,500 |
|||
|
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 |
: |
Mrs.
Simeen Hossain |
|
Job Description |
: |
Managing
Director |
|
Nationality |
: |
Bangladeshi. |
|
Email address |
: |
N/A |
|
Other details |
: |
N/A |
|
|
|
|
|
Name |
: |
Mr.
Shehab Muhammad |
|
Job Description |
: |
Assistant
Manager (Import) |
|
Nationality |
: |
Bangladeshi. |
|
Email address |
: |
s.muhammad@skf.transcombd.com |
|
Other details |
: |
N/A |
|
Name |
: |
Mr. Md. Basirul Hoque Chowdhury. |
|
Job Description |
: |
Officer (HR) |
|
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.
Mashkat Hasan Pavel |
|
Job Description |
: |
Manager
(Finance) |
|
Nationality |
: |
Bangladeshi. |
|
Email address |
: |
mashkawat@skf.transcombd.com |
|
Other details |
: |
N/A |
|
Name |
: |
Mr.
Mohammad Ruhan Miah |
|
Job Description |
: |
Company
Secretary |
|
Nationality |
: |
Bangladeshi. |
|
Email address |
: |
N/A |
|
Other details |
: |
N/A |
BUSINESS
OPERATIONS
|
Nature of Activity
: |
Manufacturer |
Ö |
Trader |
|
Dealer |
|
Distributor |
Ö |
|
|
|
|||||||
|
|
Exporter |
|
Importer |
Ö |
Services
|
|
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 |
: |
LG Chemical Ltd |
|
|||||||
|
Local Suppliers |
: |
N/A |
|
|||||||
|
Trade Markets |
: |
Exports |
: |
N/A |
|
|||||
|
Imports |
: |
China, India, Pakistan |
|
|||||||
|
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 42321200 |
|
|||||||
|
|
|
|||||||||
|
No.
of Shares |
: |
423212 |
|
|||||||
|
|
|
|||||||||
|
Share
Value |
: |
BDT 100.00 Each |
|
|||||||
|
|
|
|||||||||
|
Main Assets |
: |
BDT 795.21 Million |
|
|||||||
FINANCIAL
STATEMENT- DETAILED
|
|
Summary information has been
given |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
|
|||||
|
Name of The Group |
: |
Transcom Group. |
|||
|
Mother Company |
: |
Trance Com Limited |
|||
|
Sister Concerns |
: |
ABC Radio Heritage Tea Prothom Alo Mediastar Ltd The Daily Star Trinco Limited Media World ltd KFC (Restaurant) Transcraft Limited Monipur Tea Co. Ltd 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 Beverage Distribution Limited Transcom Distribution Co. Ltd Anondodhara, (Weekly Magazin) Shaptahik 2000, (Weekly Magazin) Bangladesh Electrical Industries Ltd. |
|||
BANKING
|
|
|
|||
|
Bank Name |
: |
Arab Bangladesh Bank Ltd. |
|
||
|
Bank Address |
: |
Motijheel Branch BSB Building, 08, DIT Avenue, Dhaka-1000,
Bangladesh Tel: 88-02-9563011-5, 9556077,
9555586 Fax: 88-02-9556077 |
|
||
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 Gulshan Tower (9th Floor), Plot # 31, Road # 53, Gulshan
North C/A, Dhaka-1212, Bangladesh. It is situated at a Commercial Area. |
GENERAL
COMMENTS
|
SC 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 63.03 |
|
|
1 |
INR 90.40 |
|
Euro |
1 |
INR 79.73 |
|
BDT |
1 |
INR 0.77 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
KET |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.