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MIRA INFORM REPORT
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Report No. : |
493521 |
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Report Date : |
27.02.2018 |
IDENTIFICATION DETAILS
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Name : |
GLOBAL CAPSULES LTD. |
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Registered Office : |
Opsonin Computer (5th Floor), 31, New Eskaton
Road, Dhaka-1000 |
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Country : |
Bangladesh |
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Financials (as on) : |
30.06.2017 (Financials – summery ) |
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Date of Incorporation : |
28.02.1990 |
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Com. Reg. No.: |
C-19382 |
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Legal Form : |
Private Co |
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Line of Business : |
Manufacturer, Importer and Distributor of Gelatin &
Empty hard gelatin Capsule |
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No. of Employees : |
265 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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 (30.09.2017) |
Current Rating (31.12.2017) |
|
Bangladesh |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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 were on track to again surpass $25 billion in 2017. The sector continues to grow, despite the need for improvements in factory working conditions to avert further high-profile accidents that have killed more than 1,000 workers in recent years. Steady export growth in the garment sector combined with remittances from overseas Bangladeshis - which totaled about $13 billion and 6% of GDP in 2016 - are key contributors to Bangladesh's sustained economic growth and rising foreign exchange reserves.
The recent influx of hundreds of millions of additional
refugees from Burma will place pressure on the Bangladeshi government’s budget
and the country’s rice supplies, which declined in 2017 in part because of adverse weather.
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Source
: CIA |
EXECUTIVE
SUMMARY
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IDENTIFICATION DETAILS |
||
|
Correct company Name |
: |
Global
Capsules Ltd. |
|
Head Office |
: |
Opsonin Computer (5th Floor), 31, New Eskaton
Road, Dhaka-1000, Bangladesh. |
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Tel No |
: |
88-02-9332262, 9356451, 9356533, 9357023 |
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Fax No |
: |
Nil |
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E-mail |
: |
azam.osl@opsonin.net,
zubair.gcl@opsonin.net |
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Website |
: |
www.globalcapsules.com |
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Date/ Year of Incorporation |
: |
28.02.1990 |
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Incorporation No. |
: |
C-19382 |
|
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) ________________ |
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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/ (Loss) |
|
30th June’ 2016 |
BDT 687 Million |
BDT 410.92 Million |
BDT 39.84 Million |
|
30th June’ 2017 |
BDT 795 Million |
BDT 570.17 Million |
BDT 27.68 Million |
FULLCHECK
REPORT DETAILS
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Information Parted By |
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Name |
: |
Mr. Md. Ashique |
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Designation |
: |
Admin & HR Officer |
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Contract No |
: |
N/A |
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Locations Details |
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Operating Address |
: |
Opsonin Computer (5th Floor), 31, New Eskaton
Road, Dhaka-1000, Bangladesh. |
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Tel No |
: |
88-02-9332262, 9356451, 9356533, 9357023 |
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Fax No |
: |
Nil |
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E-mail |
: |
azam.osl@opsonin.net,
zubair.gcl@opsonin.net |
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Website |
: |
www.globalcapsules.com |
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Location : |
:
Owned |
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Rented |
Ö |
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Leased |
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Area |
125000 |
Sq. ft. |
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Type of Office : |
:
Commercial Office Bldg. |
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Semi-commercial
office Bldg. |
Ö |
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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. |
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Factory: |
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Address |
: |
Rupatali, Barisal, Bangladesh. |
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Tel No |
: |
88-0431-3967, 2348, 2423, 2717 |
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Fax No |
: |
88-0431-2552 |
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Registrar Office: |
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Address |
: |
37, Segun Bagicha, Dhaka -1000 Bangladesh. |
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Tel No |
: |
88-02-9336010, 9330191, 9337111, 9357244 |
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Fax No |
: |
88-02-8321905 |
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Employee: |
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No. of Employees |
In Office |
: |
40 |
In Factory |
: |
225 |
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In Branch: |
: |
N/A |
Total
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: |
265 |
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Details: |
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OWNERSHIP/SHAREHOLDERS
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Names of Shareholders |
No.
of Share |
County |
|
Mr. Capt. Abdus Sabur Khan (Retd.) |
333333 |
Bangladesh. |
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Mr. Abdur Rakib Khan |
333333 |
Bangladesh. |
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Mr. Abdur Rauf Khan |
333333 |
Bangladesh. |
DIRECTORS
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1.
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Name |
: |
Mr.
Capt. Abdus Sabur Khan (Retd.) |
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Designation |
: |
Chairman |
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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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2.
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Name |
: |
Mr. Abdur
Rakib Khan |
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Designation |
: |
Managing
Director |
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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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3.
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Name |
: |
Mr.
Abdur Rauf Khan |
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Designation |
: |
Director |
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Nationality |
: |
Bangladeshi. |
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Email address |
: |
N/A |
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Other details |
: |
N/A |
MANAGEMENT
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Name |
: |
Mr. Abdur Rakib Khan |
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Job Description |
: |
Managing Director |
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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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Name |
: |
Mr. AFM Enamul Haque |
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Job Description |
: |
Manager (Commercial) |
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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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Name |
: |
Mr. Md. Ashique |
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Job Description |
: |
Admin & HR Officer |
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Nationality |
: |
Bangladeshi. |
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Email address |
: |
N/A |
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Other details |
: |
N/A |
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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Exporter |
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Importer |
Ö |
Services
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Others |
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Range
of Products: |
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Products |
: |
Gelatin & Empty hard gelatin Capsule. |
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Production Capacity |
: |
500 MT per year |
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Last
Year Production |
: |
Do |
Trading Terms:
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Purchasing Terms: |
L/C |
Ö |
Cash |
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Others |
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Credit : |
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30 days |
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60 days |
Ö |
90 days |
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days |
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Selling Terms : |
L/C |
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Cash |
Ö |
Others |
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|||
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Credit : |
Ö |
30 days |
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60 days |
|
90 days |
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|
days |
DETAILED
DATA
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Trade Reference & Related Parties |
: |
Overseas Clients |
: |
N/A |
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Local Clients |
: |
N/A |
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Overseas Suppliers |
: |
N/A |
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Local Suppliers |
: |
N/A |
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Trade Markets |
: |
Exports(Country) |
: |
N/A |
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Imports(Country) |
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China, India, Germany, USA |
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Brand Name |
: |
N/A |
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Certified |
: |
N/A |
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Name of Auditors |
: |
Ahmed Zaker & Co. Shaiham Sky View45, Bijoy Nagar, Dhaka-1000, Bangladesh |
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Operation Status |
: |
Active |
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CAPITAL
STRUCTURE
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Authorized Capital |
: |
BDT 150 Million |
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Paid-up Capital |
: |
BDT 99999900 |
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No.
of Shares |
: |
999999 |
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Share
Value |
: |
BDT 100.00 Each |
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Main Assets |
: |
BDT 570.17 Million |
FINANCIAL
STATEMENT- DETAILED
|
Summary information has been
provided |
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ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
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|||
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Name of The Group |
: |
Opsonin Group |
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Subsidiary |
: |
Nil |
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Sister Concerns |
: |
Jokky Garments Ltd Opso Saline Limited
Crescent Chemicals Ltd Opsonin Chemical
Ind. Ltd Opsonin Bulk Drugs Limited Global Heavy Chemical Limited Opsonin Pharmaceuticals Limited |
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BANKING
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Bank Name |
: |
AB Bank Limited |
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Bank Address |
: |
New Elephant
Road Branch, Novera Square, House05, Road#
02, Dhanmondi, Dhaka-1205, Bangladesh. Tel: 88-02-8616137, 9674002,
8613967 Fax: 88-02-8616128 |
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Bank Name |
: |
Uttara Bank Limited, |
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Bank Address |
: |
Shantinagar Branch, 40-41, Siddeswari Circular Road, Kulsum (1st
Floor), Dhaka-1217, Bangladesh. |
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Bank Name |
: |
United Commercial Bank Limited
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Bank Address |
: |
Corporate Branch, Plot-CWS-(A)-1, Road # 34, Gulshan Avenue, Dhaka-1212, Bangladesh. Tel: 88-01730318848 |
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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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|||
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Performance Defaults |
: |
No Record Found |
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Adverse Local Media Coverage/ Adverse Filling History |
: |
No Record Found |
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SITE
VISIT COMMENTARY
|
|
Our representative visited the subject company Head Office
which is situated at Opsonin Computer (5th Floor), 31, New Eskaton
Road, Dhaka-1000, Bangladesh. It is Situated at Semi-Commercial Area. |
GENERAL
COMMENTS
|
|
Based on the financial statements, SC’s financial
performance appears to be Below Average. SC has been in its line of business
for about 28 years. Taking into account its standing history, reputation in
the market, as well as its financial condition, we recommend that Credit
should proceed with monitor in Small amount-periodical review. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.66 |
|
|
1 |
INR 90.65 |
|
Euro |
1 |
INR 79.70 |
|
BDT |
1 |
INR 0.78 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
KET |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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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 |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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.