Wednesday, September 2, 2020

Square Pharma Ltd

SQUARE PHARMACEUTICALS LIMITED Mission Our Mission is to deliver and give quality and imaginative human services alleviation for individuals, keep up severely moral standard in business activity additionally guaranteeing advantage to the investors, partners and the general public on the loose. Vision We see business as a way to the material and social prosperity of the speculators, representatives and the general public everywhere, prompting accumulation of riches through money related and moral additions as a piece of the procedure of the human progress. ObjectivesOur targets are to lead straightforward business activity dependent on showcase component inside the lawful and social structure with expects to achieve the mission reflected by our vision. Worldwide Pharmaceutical Industry Overview T he pharmaceutical industry of the world creates and markets meds recommended for patients by clinical specialists. The U. S. , U. K and European pharmaceutical organizations are the significa nt ones of the business. The all out number of significant pharmaceutical organizations overall is assessed to be about 50.The worldwide pharmaceutical industry recorded yearly income of $830 billion of every 2010 with a sound development pace of around 5 to 6 percent. While the pharmaceutical business in areas like Latin America, Europe and Japan are developing at a consistent rate (which is more are less equivalent to that of the general business), the creating locales like China and India are recording comparing development in twofold figures. Industry analysts’ anticipate that the pharmaceutical market would reach $1. 1 trillion by2015 with the normal development pace of around 7 percent.Bangladesh’s Pharmaceutical Industry Overview T he Bangladesh pharmaceutical market in 2004 remained at roughly US $ 560 million, which was little when contrasted with the populace base of the nation, which at present remained at around 140 million. Toâ put this number on a legiti mate viewpoint, the all out worldwide pharmaceutical deal in 2004 was $430 billion. This is required to develop at 8. 1% to about $530 billion out of 2005. Anyway today, the pharmaceutical organizations in Bangladesh are one of the quickest developing parts in the nation.Prior to post-freedom, the Multinational organizations used to command the market however today this circumstance has been totally switched. Presently roughly 80% of the household pharmaceutical need is met by the neighborhood organizations. In 2010, the absolute size of the pharma market of Bangladesh was evaluated to be USD 100bn with a yearly development pace of around 24. 58%, which has the most noteworthy yearly development on the planet. With high development rates and expanding interest for items both locally and abroad Bangladesh’s Pharmaceutical Industry is currently heading towards self-sufficiency.Eventually pharmaceutical industry got an event to post a development above 20% in 2010. Fig. Developm ent Rate in Bangladesh Pharmaceutical Industry SQUARE PHARMACEUTICALS: COMPANY PROFILE Company Name| Square Pharmaceuticals Ltd| Corporate Headquarters| Square Center48, Mohakhali, C/ADhaka-1212BangladeshPhone: + 880 28316323Mobile: + 880 01670507907Fax: + 880 29348365â | Factory Premises| Plot # 18, Main Road, Section # 9Kaliakoir, GazipurPhone: +880 2 8924240Fax No: +880 2 8316323| Founded| January 1, 1958|Scope of the Business| Manufacturing and promoting of pharmaceutical drugs| Board of Directors| Samson H Chowdhury Founder and Ex-ChairmanSamuel H Chowdhury Managing DirectorTapan Chowdhury Managing Director/DirectorJahanara Chowdhury DirectorKazi Harunur Rashid DirectorKazi Iqbal Harun Director| Number of Employees| 400| Associated Bank| Janata Bank1, Dilkusha C/ADhaka-1000| Associated Auditor| Andrew Gomes and Co. | Authorized Capital| 1,000, 000,000 TK| Issued and Outstanding Shares| 10,000,000 TK|Brief Company History S quare Pharmaceuticals Limited, one of the pieces of Sq uare Group, the fundamental leader of this specific gathering of organizations, is holding the solid administration position in the pharmaceutical business of Bangladesh since 1985 and is currently en route to turning into a superior worldwide player. The organization was established in 1958 by Samson H. Chowdhury alongside three of his companions as a private firm. It opened up to the world in 1991 and is as of now recorded on the Dhaka Stock Exchange. Square Pharmaceuticals Ltd. the lead organization, is holding the solid authority position in the pharmaceutical business of Bangladesh since 1985 and it has been ceaselessly in the primary situation among all national and worldwide organizations since 1985. Square Pharmaceuticals Ltd. is currently en route to turning into an elite worldwide player. They named the organization ‘SQUARE’ in light of the fact that it was begun by four companions and furthermore on the grounds that it implies exactness and flawlessness meani ng quality† as they submitted in assembling quality products.Now, that little organization of 1958 is a freely recorded differentiated gathering of organizations utilizing in excess of 28,000 individuals. The current yearly gathering turnover is 616 million USD. In the cutting edge serious market, SQUARE today is a name known in the Pharmaceutical world, yet in addition known as an image of value based customer item. All these were conceivable because of the inventive thoughts, enthusiastic endeavors, diligence and devotion with self-assurance of its administration and workforce, which added to their effective achievements.Under a unique initiative, SQUARE is set to proceed with its encouraging comprehensively. Destinations: 1. Discovering the working capital administration of the organization by deciding the connection between the current resources and current liabilities. 2. Talking about loan boss, indebted person, stock and money the executives of the organization to show whether they are effective in dealing with these. 3. To distinguish the budgetary qualities and shortcoming of the organization with the assistance of various proportions. 4. Through the net benefit proportion and other gainfulness proportion, comprehend the productivity of the organization. 5.Evaluating company’s execution identifying with budget report examination. Degree The administration of working capital encourages us to keep up the working capital at a good level by dealing with the current resources and current liabilities. It likewise assists with keeping up legitimate harmony between benefit, hazard and liquidity of the business fundamentally. By dealing with the working capital, current liabilities are paid in time. On the off chance that the firm makes installment to its banks for crude material in time, it can have the accessibility of crude material consistently, which doesn't cause any hindrances underway process.Adequate working capital increments paying limi t of the business yet the overabundance working capital causes more stock, builds the chance of deferral in acknowledgment of obligations. Then again, nonappearance of satisfactory working capital prompts decline consequently on venture. The generosity of the firm is likewise unfavorably influenced because of the powerlessness to pay current liabilities in time. Consequently, the administration of working capital assists with dealing with all the elements influencing the working capital in the most gainful way. Methodology:Primary information assortment We didn't utilize any essential information assortment strategy, for example, taking meetings of office work force. Auxiliary information assortment For this report we have gathered our information for the most part from the yearly report. We have directed the report dependent on 6 years money related report of Square Pharmaceuticals from 2005 to 2010. In our report we indicated working capital administration under which we demonstra ted leaser, indebted person, stock and money the board. We accepting information from various sites just as our course reading for significant data. Organization OrganogramThe by and large administration and administration of the organization is vested in the Board of Directors. Since the downfall of the organizer and director of the organization Mr. Samson H Chowdhury, the firm’s everyday activities are currently being controlled by his child Mr. Tapan H Chowdhury. He is bolstered by a gathering of exceptionally qualified experts. The fundamental structure for the Board of Directors for the organization are given beneath, The top managerial staff is then answerable for employing a CEO and a supervisory crew whose obligation will be to deal with the day by day activities of Square Pharmaceuticals.SWOT Analysis Strengths * Establishing solid dispersion divert through diversifying both in nearby and global market. * | Weakness * Obsolescence of current innovation utilized in ph armaceutical plants * Dependency on imports of crude materials from remote markets| Opportunity * Building solid brand picture of a pharmaceutical organization, that can be conveyed to the worldwide market * Opportunity to develop in the neighborhood advertise just as the universal market; colossal un-caught showcase in Africa. Dangers * Any unfavorable change in the Government Drug Policy and Import Policy * Restrictions from the Department of Environment on plant offices in Pabna. | WORKING CAPITAL MANAGEMENT Working Capital Management Working capital is the cash required for running everyday business of a firm. Subsequently, it is the life saver of any business concern. The essential topic of working capital administration is to offer satisfactory help for smooth and effective working of typical everyday business by striking a tradeoff between the three components of working capital; liquidity, productivity and hazard (Sur and Chakroborty, 2011).Excessive working capital prompts useless utilization of scant assets and insufficient working capital interferes with the smooth progression of business movement and benefit. The equalization assignment of working capital assets between inventories, book obligations and different segments of working capital is a pivotal stage in Working Capital Management. As indicated by Harris (2005) Working capital administration is a basic and clear idea of guaranteeing the capacity of the firm to finance the contrast between the momentary resources and transient liabilities.Nevertheless, a total and mean methodology is wanted to cover the entirety of a company’s exercises identified with merchants, client and produc