Square Pharma Ltd

SQUARE PHARMACEUTICALS LIMITED Mission Our Mission is to create and give quality and imaginative human services help for individuals, keep up rigidly moral standard in business activity likewise 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, workers and the general public everywhere, prompting gradual addition of riches through money related and moral gains as a piece of the procedure of the human development. ObjectivesOur goals are to direct straightforward business activity dependent on showcase system inside the legitimate and social structure with intends to accomplish 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 professionals. The U. S. , U. K and European pharmaceutical organizations are the significant one s 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 solid development pace of around 5 to 6 percent. While the pharmaceutical business in locales 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 districts like China and India are recording relating development in twofold figures. Industry analysts’ foresee 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 exceptionally little when contrasted with the populace base of the nation, which at present remained at around 140 million. Toâ put this number on an appropriate point of view, 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 rule the market yet today this circumstance has been totally switched. Presently roughly 80% of the local 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 elevated 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. 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 showcasing 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 S quare Group, the fundamental lead of this specific gathering of organizations, is holding the solid initiative situation in the pharmaceutical business of Bangladesh since 1985 and is currently headed 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 right now recorded on the Dhaka Stock Exchange. Square Pharmaceuticals Ltd. the leader organization, is holding the solid administration position in the pharmaceutical business of Bangladesh since 1985 and it has been persistently in the primary situation among all national and worldwide organizations since 1985. Square Pharmaceuticals Ltd. is presently en route to turning into a superior worldwide player. They named the organization ‘SQUARE’ on the grounds that it was begun by four companions and furthermore on the grounds that it connotes exactness and flawlessness meanin g quality† as they submitted in assembling quality products.Now, that little organization of 1958 is an openly recorded enhanced gathering of organizations utilizing in excess of 28,000 individuals. The present 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 shopper item. All these were conceivable because of the imaginative thoughts, indefatigable endeavors, constancy and devotion with fearlessness of its administration and workforce, which added to their effective achievements.Under a powerful authority, SQUARE is set to proceed with its encouraging all around. Destinations: 1. Discovering the working capital administration of the organization by deciding the connection between the present resources and current liabilities. 2. Talking about bank, account holder, stock and money the board of the organization to show whether they are prod uctive in dealing with these. 3. To distinguish the money related 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 fiscal report examination. Extension The administration of working capital encourages us to keep up the working capital at an agreeable level by dealing with the present resources and current liabilities. It additionally assists with keeping up legitimate harmony between productivity, hazard and liquidity of the business altogether. By dealing with the working capital, current liabilities are paid in time. In the event that the firm makes installment to its lenders for crude material in time, it can have the accessibility of crude material consistently, which doesn't cause any deterrents underway process.Adequate working capital increments paying limit of the business however the abundance working capital causes more stock, builds the chance of deferral in acknowledgment of obligations. Then again, nonappearance of sufficient working capital prompts decline consequently on speculation. The generosity of the firm is additionally unfavorably influenced because of the failure to pay current liabilities in time. Thus, the administration of working capital assists with dealing with all the variables influencing the working capital in the most productive 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 demonstrated working capital administration under which we indicated lend er, borrower, stock and money the executives. We accepting information from various sites just as our course book for important data. Organization OrganogramThe by and large administration and administration of the organization is vested in the Board of Directors. Since the end of the author and administrator of the organization Mr. Samson H Chowdhury, the firm’s everyday tasks are currently being controlled by his child Mr. Tapan H Chowdhury. He is bolstered by a gathering of exceptionally qualified experts. The essential structure for the Board of Directors for the organization are given beneath, The top managerial staff is then answerable for recruiting a CEO and a supervisory group whose obligation will be to deal with the every day tasks of Square Pharmaceuticals.SWOT Analysis Strengths * Establishing solid circulation divert through diversifying both in nearby and universal market. * | Weakness * Obsolescence of current innovation utilized in pharmaceutical plants * Dep endency 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 nearby market just as the global market; tremendous un-caught advertise 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 fundamental topic of working capital administration is to offer satisfactory help for smooth and effective working of ordinary everyday business by striking a tradeoff between the three components of working capital; liquidity, gainfulness and hazard (Sur and Chakroborty, 2011).Excessive working capital prompts inefficient utilization of rare assets and insufficient working capital interferes with the smooth progression of business movement and productivity. The parity designation of working capital assets between inventories, book obligations and different segments of working capital is a vital stage in Working Capital Management. As indicated by Harris (2005) Working capital administration is a basic and direct idea of guaranteeing the capacity of the firm to finance the distinction 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 sellers, client and produc