Square Pharma Ltd

SQUARE PHARMACEUTICALS LIMITED Mission Our Mission is to deliver and give quality and creative medicinal services help for individuals, keep up rigidly 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 increases as a piece of the procedure of the human progress. ObjectivesOur destinations are to direct straightforward business activity dependent on advertise instrument inside the legitimate and social system with means to achieve the mission reflected by our vision. Worldwide Pharmaceutical Industry Overview T he pharmaceutical industry of the world creates and markets prescriptions endorsed for patients by clinical experts. The U. S. , U. K and European pharmaceutical organizations are the signif icant ones of the business. The all out number of significant pharmaceutical organizations overall is evaluated to be about 50.The worldwide pharmaceutical industry recorded yearly income of $830 billion out of 2010 with a sound development pace of around 5 to 6 percent. While the pharmaceutical business in districts 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 areas 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 an a ppropriate viewpoint, the all out worldwide pharmaceutical deal in 2004 was $430 billion. This is relied upon 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 segments in the nation.Prior to post-freedom, the Multinational organizations used to overwhelm the market however today this circumstance has been totally turned around. Presently around 80% of the residential pharmaceutical need is met by the nearby organizations. In 2010, the all out 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 presently heading towards self-sufficiency.Eventually pharmaceutical industry got an event to post a development above 20% in 2010. Fig. Development 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 Square Group, the fundamental lead of this specific gathering of organizations, is holding the solid administration position in the pharmaceutical business of Bangladesh since 1985 and is presently headed to turning into an elite 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 consistently in the main situation among all national and worldwide organizations since 1985. Square Pharmaceuticals Ltd. is currently headed 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 precision and flawlessness me aning quality† as they submitted in assembling quality products.Now, that little organization of 1958 is an openly recorded expanded gathering of organizations utilizing in excess of 28,000 individuals. The current yearly gathering turnover is 616 million USD. In the advanced serious market, SQUARE today is a name known in the Pharmaceutical world, yet in addition known as an image of value based shopper item. All these were conceivable because of the inventive thoughts, vigorous endeavors, tirelessness and devotion with self-assurance of its administration and workforce, which added to their fruitful achievements.Under a powerful authority, SQUARE is set to proceed with its encouraging all inclusive. Goals: 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, account holder, stock and money the executives of the organization to show whether they are p roficient in dealing with these. 3. To recognize the money related qualities and shortcoming of the organization with the assistance of various proportions. 4. Through the net benefit proportion and other productivity proportion, comprehend the gainfulness of the organization. 5.Evaluating company’s execution identifying with fiscal summary investigation. Extension The administration of working capital causes us to keep up the working capital at an agreeable level by dealing with the current resources and current liabilities. It additionally assists with keeping up appropriate harmony between productivity, hazard and liquidity of the business altogether. By dealing with the working capital, current liabilities are paid in time. On the off chance that the firm makes installment to its loan bosses for crude material in time, it can have the accessibility of crude material normally, which doesn't cause any hindrances underway process.Adequate working capital increments paying li mit of the business however the abundance working capital causes more stock, expands the chance of postponement in acknowledgment of obligations. Then again, nonappearance of satisfactory working capital prompts decline consequently on speculation. The altruism of the firm is likewise antagonistically influenced because of the failure to pay current liabilities in time. Henceforth, the administration of working capital assists with dealing with all the variables influencing the working capital in the most beneficial way. Methodology:Primary information assortment We didn't utilize any essential information assortment strategy, for example, taking meetings of office staff. Auxiliary information assortment For this report we have gathered our information predominantly from the yearly report. We have led the report dependent on 6 years money related report of Square Pharmaceuticals from 2005 to 2010. In our report we demonstrated working capital administration under which we indicated leaser, indebted person, stock and money the board. We accepting information from various sites just as our course reading for applicable data. Organization OrganogramThe in general 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 profoundly qualified experts. The fundamental structure for the Board of Directors for the organization are given beneath, The governing body is then answerable for employing a CEO and a supervisory group whose obligation will be to deal with the day by day activities of Square Pharmaceuticals.SWOT Analysis Strengths * Establishing solid dissemination divert through diversifying both in nearby and worldwide market. * | Weakness * Obsolescence of current innovation utilized in pharmaceuti cal plants * Dependency on imports of crude materials from outside 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; tremendous 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. Henceforth, it is the life saver of any business concern. The fundamental subject of working capital administration is to offer satisfactory help for smooth and productive working of typical everyday business by striking a tradeoff between the three elements of working capital; liquidity, gainfulness and hazard (Sur and Chakroborty, 2011).Excessive working capital prompts ineffi cient utilization of scant assets and insufficient working capital intrudes on the smooth progression of business action and benefit. The equalization allotment 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 support the contrast between the momentary resources and transient liabilities.Nevertheless, a total and mean methodology is liked to cover the entirety of a company’s exercises identified with merchants, client and produc