3decades

MIRA INFORM REPORT

Report No. :	497825
Report Date :	20.03.2018

IDENTIFICATION DETAILS

Name :	HUDSON PHARMACEUTICALS LTD.

Registered Office :	House# 157, Lane# 03, Eastern Road, New DOHS, Mohakhali, Dhaka-1206,

Country :	Bangladesh

Financials (as on) :	30.06.2017 (Summarized)

Date of Incorporation :	03.01.1993

Com. Reg. No.:	CH-1301

Legal Form :	Private Co.

Line of Business :	Distributor and Importer of Raw Material Pharmaceuticals

No. of Employees :	150

RATING & COMMENTS

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

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Status :	Moderate

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.

EXECUTIVE SUMMARY

*IDENTIFICATION DETAILS*
Correct company Name	:	Hudson Pharmaceuticals Ltd.
Head Office	:	House# 157, Lane# 03, Eastern Road, New DOHS, Mohakhali, Dhaka-1206, Bangladesh
Tel No	:	88-02-9896175
Fax No	:	88-02-8827979
E-mail	:	alamhpl@yahoo.com
Website	:	www.hudsonpharmabd.com
Date/ Year of Incorporation	:	03.01.1993
Incorporation No.	:	CH-1301
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

FINANCIALS- SUMMARY

Year	Turnover/ Sales	Assets	Income/ (Loss)
30^th June, 2017	N/A	N/A	N/A

FULLCHECK REPORT DETAILS

*Information Parted By*
Name	:	Mr. Jahangir Alam
Designation	:	Manager (Commercial)
Contract No	:	88-01911777740

*Locations Details*
Operating Address	:	House# 157, Lane# 03, Eastern Road, New DOHS, Mohakhali, Dhaka-1206, Bangladesh
Tel No	:	88-02-9896175
Fax No	:	88-02-8827979
E-mail	:	alamhpl@yahoo.com
Website	:	www.hudsonpharmabd.com

Location :

: Owned

Rented

Leased

Area

1200

Sq. ft.

Type of Office	: Commercial Office Bldg.		Semi-commercial office Bldg.
Retail shop		Industrial Park
Business Center		Home Office
Residential Area.	Ö

Factory:

Address	:	Telichala, Mouchak, Kaliakair, Gazipur, Bangladesh
Tel No	:	88-02-9297156, 01911777740, 01742255199
Fax No	:	Nil

Branch:

Address	:	Nil
Tel No	:	Nil
Fax No	:	Nil

Employee:

No. of Employees	In Office	:	50	In Factory	:	100
	In Branch	:	N/A	Total	:	150
Details:

OWNERSHIP/SHAREHOLDERS

Names of Shareholders	No. of Share	Country
Mr. S. M. Shafiuzzaman	52864	Bangladesh.
Mr. Khandakar Minara Shaheen	52064	Bangladesh.
Mr. S. M. Arafat Zahid Ibne Shafi	4072	Bangladesh.
Dr. Nadia Mehnaj	1000	Bangladesh.

DIRECTORS

Name	:	Mr. Khandakar Minara Shaheen
Designation	:	Chairman
Nationality	:	Bangladeshi.
Email address	:	N/A
Other details	:	N/A

Name	:	Mr. S. M. Shafiuzzaman
Designation	:	Managing Director
Nationality	:	Bangladeshi.
Email address	:	N/A
Other details	:	N/A

Name	:	Mr. S. M. Arafat Zahid Ibne Shafi
Designation	:	Director
Nationality	:	Bangladeshi.
Email address	:	N/A
Other details	:	N/A

MANAGEMENT

Name	:	Mr. S. M. Shafiuzzaman
Job Description	:	Managing Director
Nationality	:	Bangladeshi.
Email address	:	N/A
Other details	:	N/A

Name	:	Mr. Jahangir Alam
Job Description	:	Manager (Commercial)
Nationality	:	Bangladeshi.
Email address	:	N/A
Other details	:	88-01911777740

BUSINESS OPERATIONS

Nature of Activity :	Manufacturer	Trader		Dealer	Distributor	Ö

	Exporter	Importer	Ö	Services	Others

Range of Products:

Products	:	Raw Material Pharmaceuticals
Production Capacity	:	N/A
Last Year Production	:	N/A
Import Products	:	N/A
Export Products	:	N/A

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			:	N/A
		Local Suppliers			:	N/A
Trade Markets	:	Exports(Country)			:	N/A
		Imports(Country)			:	India, China
Brand Name			:	N/A
Certified			:	N/A
Name of Auditors			:	N/A
Operation Status			:	Active

CAPITAL STRUCTURE

Authorized Capital	:	BDT 50 Million

Paid-up Capital	:	BDT 11000000

No. of Shares	:	110000

Share Value	:	BDT 100.00 Each

Main Assets	:	N/A

FINANCIAL STATEMENT- DETAILED

SC didn’t submit any financial to local registry office.

ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES

Name of The Group	:	Nil
Name of Mother Company	:	Nil
Subsidiary	:	Nil
Sister Concerns	:	Nil

BANKING

Bank Name

United Commercial Bank Limited

Bank Address

Mohakhali Branch

Medona Tower, 28, Mohakhali C/A, Dhaka-1000, Bangladesh.

Tel: 88-02-8813027, 9884883, 9884885

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 House# 157, Lane# 03, Eastern Road, New DOHS, Mohakhali, Dhaka-1206, Bangladesh. It’s situated at a Residential Area.

GENERAL COMMENTS

The subject company is engaged in Importer & Distributor. It is reputed company in this line of business.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.04
UK Pound	1	INR 90.56
Euro	1	INR 79.78
BDT	1	INR 0.79

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

INFORMATION DETAILS

Analysis Done by :	PRA

Report Prepared by :	TRU

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.