Square Pharma Ltd

SQUARE PHARMACEUTICALS LIMITED Mission Our Mission is to deliver and give quality and imaginative human services alleviation 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, 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 targets are to direct straightforward business activity dependent on advertise component inside the legitimate and social structure with means 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 specialists. The U. S. , U. K and European pharmaceutical organizations are the s ignificant ones of the business. The complete number of significant pharmaceutical organizations overall is assessed 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 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’ 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 exceptionally little when contrasted with the populace base of the nation, which right now remained at around 140 million. Toâ put this number on a legitimate point of view, the absolute worldwide pharmaceutical deal in 2004 was $430 billion. This is relied upon to develop at 8. 1% to about $530 billion of every 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 yet today this circumstance has been totally switched. Presently roughly 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 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. 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 Limit ed, one of the pieces of Square Group, the primary leader of this specific gathering of organizations, is holding the solid administration position in the pharmaceutical business of Bangladesh since 1985 and is presently 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 at present recorded on the Dhaka Stock Exchange. Square Pharmaceuticals Ltd. the lead organization, is holding the solid administration position in the pharmaceutical business of Bangladesh since 1985 and it has been ceaselessly in the primary situation among all national and global organizations since 1985. Square Pharmaceuticals Ltd. is presently en route to turning into a superior 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 connotes exa ctness and flawlessness meaning quality† as they submitted in assembling quality products.Now, that little organization of 1958 is a freely 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 customer item. All these were conceivable because of the imaginative thoughts, eager endeavors, constancy and commitment with fearlessness of its administration and workforce, which added to their fruitful achievements.Under a unique authority, SQUARE is set to proceed with its encouraging internationally. Goals: 1. Discovering the working capital administration of the organization by deciding the connection between the present 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 recognize 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. Extension The administration of working capital causes us to keep up the working capital at a good level by dealing with the present resources and current liabilities. It likewise assists with keeping up appropriate harmony between productivity, hazard and liquidity of the business essentially. By dealing with the working capital, current liabilities are paid in time. In the event that the firm makes installment to its leasers for crude material in time, it can have the accessibility of crude material normally, which doesn't cause any deterrents underway process.Adequate working capital increments paying l imit of the business yet the overabundance 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 additionally antagonistically influenced because of the failure to pay current liabilities in time. Henceforth, the administration of working capital assists with dealing with all the elements 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 for the most part from the yearly report. We have directed the report dependent on 6 years budgetary report of Square Pharmaceuticals from 2005 to 2010. In our report we indicated working capital administration under which we demo nstrated leaser, account holder, stock and money the board. We accepting information from various sites just as our course book for important data. Organization OrganogramThe generally the executives and administration of the organization is vested in the Board of Directors. Since the death 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 essential structure for the Board of Directors for the organization are given underneath, The directorate 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 universal market. * | Weakness * Obsolescence of current innovation utilized in pharmaceutical 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 nearby market just as the global market; gigantic un-caught showcase in Africa. Dangers * Any antagonistic 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. Thus, it is the life saver of any business concern. The fundamental subject of working capital administration is to offer sufficient help for smooth and productive working of ordinary everyday business by striking a tradeoff between the three components of working capital; liquidity, benefit and hazard (Sur and Chakroborty, 2011).Excessive working capital prompts inefficient utilization of rare assets and lacking working capital intrudes on the smooth progression of business action and gainfulness. The parity distribution of working capital assets between inventories, book obligations and different segments of working capital is an essential 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 support the distinction 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 sellers, client and produc