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MIRA INFORM REPORT
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Report No. : |
516951 |
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Report Date : |
26.06.2018 |
IDENTIFICATION DETAILS
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Name : |
HEALTHCARE PHARMACEUTICALS LTD. |
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Registered Office : |
Nasir Trade Centre ( Level- 9 & 14), 89, Bir Uttam CR Datta Road,
Banglamotor (Sonargaon Road), Dhaka-1205 |
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Country : |
Bangladesh |
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Date of Incorporation : |
02.11.1996 |
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Com. Reg. No.: |
C-31679 |
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Legal Form : |
Private Company |
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Line of Business : |
Manufacturer, Distributor,
Exporter and Importer of Tablet, Capsule, Powder for Suspension. |
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No. of Employees : |
820 |
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
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Country Name |
Previous Rating (31.12.2017) |
Current Rating (01.04.2018) |
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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 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.
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Source
: CIA |
COMPANY
NAME AND ADDRESS
HEALTHCARE
PHARMACEUTICALS LTD.
EXECUTIVE
SUMMARY
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IDENTIFICATION DETAILS |
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Correct company Name |
: |
Healthcare Pharmaceuticals Ltd. |
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Head Office |
: |
Nasir Trade Centre ( Level- 9 & 14), 89, Bir Uttam CR Datta Road, Banglamotor (Sonargaon Road), Dhaka-1205, Bangladesh. |
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Tel No |
: |
88-02-9632176, 9632175 |
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Fax No |
: |
Nil |
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E-mail |
: |
info@hplbd.com |
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Website |
: |
www.hplbd.com |
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Date/ Year of Incorporation |
: |
02.11.1996 |
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Incorporation No. |
: |
C-31679 |
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Legal Form (General) |
: |
Public Listed Co Public (but not listed) Private Co State-owned Co Sole Proprietorships Partnership Not Registered others (please specify)
________________ |
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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 |
|
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
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Information Parted By |
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Name |
: |
Mr. Liton Ali. |
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Designation |
: |
Manager (Commercial) |
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Contract No |
: |
N/A |
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Locations Details |
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Operating Address |
: |
Nasir Trade Centre ( Level- 9 & 14), 89, Bir Uttam CR Datta Road, Banglamotor (Sonargaon Road), Dhaka-1205, Bangladesh. |
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Tel No |
: |
88-02-9632176, 9632175 |
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Fax No |
: |
Nil |
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E-mail |
: |
info@hplbd.com |
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Website |
: |
www.hplbd.com |
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Location : |
: Owned |
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Rented |
Ö |
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Leased |
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Area |
48000 |
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 |
: |
Gojaria Para, Rejendrapur, Gazipur,
Bangladesh. |
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Tel No |
: |
Nil |
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Fax No |
: |
88-02-9201437 |
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Branch-1: |
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Address |
: |
Gulfresh Plaza (5th floor), 8,
Shahid Selina Parvin Srak Mogbazer, Dhaka-1216, Bangladesh. |
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Tel No |
: |
Nil |
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Fax No |
: |
Nil |
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Branch-2: |
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Address |
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House # 15 (ground Floor), Road # 1, O. R,
Nizam road, Chittagong, Bangladesh |
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Tel No |
: |
Nil |
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Fax No |
: |
Nil |
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Branch-3: |
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Address |
: |
480, Noor Mosjid Road, Jaleritala, Bogra,
Bangladesh. |
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Tel No |
: |
88-01977157727 |
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Fax No |
: |
Nil |
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Branch-4: |
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Address |
: |
House # 108 (1st Floor), Ward #
24, Road # 8, Nirala R/A, Khulna, Bangladesh. |
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Tel No |
: |
Nil |
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Fax No |
: |
Nil |
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Branch-5: |
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Address |
: |
S. N. Plaza (3rd Floor), Degree
College Road, Dharmapur, Comilla, Bangladesh. |
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Tel No |
: |
Nil |
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Fax No |
: |
Nil |
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Employee: |
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No. of Employees |
In Office |
: |
30 |
In Factory |
: |
550 |
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Sales |
: |
240 |
Total |
: |
820 |
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Details: |
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OWNERSHIP/SHAREHOLDERS
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Names of Shareholders |
No. of Share |
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Mr. Alauddin Ahmed |
483052 |
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Mrs. Suraya Bilkis |
276000 |
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Mr. Zillur Rahman |
27600 |
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Mr. Sejaur Rahman |
27600 |
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Mr. Mokkaram Hossain (Liton) |
109848 |
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Mr. Anwar Kabir (Uzzal) |
27600 |
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Mr. Muhammed Halimuzzaman |
207000 |
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Mr. Gazi Shaiful Tarique |
27600 |
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Mrs. Noorun Nahar |
500 |
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Mr. Rezaul Karim (Reza) |
27600 |
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Mr. Ohidul Islam ( Tokon) |
27600 |
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Mr. Mohd. Saifullah |
27600 |
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Mr. Mohammad Abdul Alim |
27600 |
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Mr. Md. Sujan Mahmud Antu |
27600 |
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Mr. Md. Salim Hossain |
27600 |
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Mr. Ziaur
Rahman Khokon |
27600 |
DIRECTORS
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Name |
Designation |
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Mr. Alauddin Ahmed |
Managing Director |
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Mrs. Suraya Bilkis |
Director |
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Mr. Muhammed
Halimuzzaman |
Director |
MANAGEMENT
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Name |
: |
Mr. Alauddin Ahmed |
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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. Liton Ali. |
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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. Kazi Dhaudul
Islam |
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Job Description |
: |
Manager (Sales) |
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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. Masud |
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Job Description |
: |
Officer
(Commercial) |
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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 |
Ö |
Importer |
Ö |
Services |
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Others |
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Range of Products : |
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Products |
: |
Tablet, Capsule, Powder for Suspension |
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Production Capacity |
: |
N/A |
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Last Year
Production |
: |
N/A |
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 |
Ö |
Cash |
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Others |
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|||
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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 |
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 |
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Sri Lanka, Kenai, Macau, Somalia,
Nigeria, Belize. |
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Imports |
: |
China, Malaysia, India, Pakistan. |
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Brand Name |
: |
N/A |
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Certified |
: |
N/A |
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Auditors |
: |
N/A |
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Operation
Status |
: |
Active |
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Member |
: |
N/A |
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CAPITAL
STRUCTURE
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Authorized Capital |
: |
BDT 200 Million |
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Paid-up Capital |
: |
BDT 138000000 |
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No. of Shares |
: |
1380000 |
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Share Value |
: |
BDT 100.00 Each |
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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 |
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Subsidiary |
: |
Nil |
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Name of The Group |
: |
Nil |
BANKING
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Bank Name
|
: |
Islami Bank
Bangladesh Ltd. |
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Bank Address |
: |
Head Office Branch Islami Bank Tower, 40, Dilkusha C/A,
Dhaka-1000, Bangladesh Phone: 88-02-9563182, 9563040 Fax: 88-02-9564532 |
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ADVERSE
DATA MONITORING
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Dishonored Checks |
:
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No Record Found |
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Debt |
: |
No Record Found |
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Litigation |
: |
Clear |
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Performance Defaults |
: |
No Record Found |
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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
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Indian Rupees |
|
US Dollar |
1 |
INR 68.15 |
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|
1 |
INR 90.27 |
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Euro |
1 |
INR 79.35 |
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BDT |
1 |
INR 0.81 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
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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 |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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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.