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Objectives of the Study
The
main objective of the study is to prepare a business plan for
Pharmaceuticals Limited. In brief the other objectives can be stated as
follows:
· To acquire knowledge how to prepare a business plan.
· To obtain knowledge about pharmaceuticals business.
· To gather knowledge about the structure of pharmaceuticals business.
· To know the manufacturing process of pharmaceuticals.
· To get the overall idea about the marketing strategy of pharmaceuticals company.
· To know about the flow of inventory of pharmaceuticals company.
Methodology of the Report
The
report is descriptive in nature. To fulfill the objectives of this
report total methodology has divided into two major parts:
a) Data Collection Procedure:
In order to make the report more meaningful and presentable, two sources of data and information have been used widely.
Both primary and secondary data sources were used to generate the report.
The “Primary Sources” are as follows:-
- Visited some leading pharmaceutical companies of Bangladesh like – Beximco Pharmaceuticals Ltd., ACI Limited, Drug International etc. and observed their work procedures
- Took some opinion from the executives of these companies.
The “secondary Sources” are as follows:-
- Annual report of Beximco Pharmaceuticals Ltd., ACI Limited, Drug International etc.
- Office files and documents.
- Study related books, articles and journals.
- Web sites.
b) Data Processing & Analysis:
Collected
information have then processed & compiled with the aid of MS Word,
Excel & other related computer software. Necessary tables have been
prepared on the basis of collected data and various statistical
techniques have been applied to analyses on the basis of classified
information
Limitations of the Study
To
prepare a report on the topic like this in a short duration is not easy
task. In preparing this report some problems and limitations have
encountered which are as follows:
a) The main constraint of the study was insufficiency of information, which was required for the study.
b) As
the data, in most cases, are not in organized way, Beximco
Pharmaceuticals Ltd., ACI Limited, Drug International etc. failed to
provide all information.
c) Due to time limitation, many of the aspects could not be discussed in the present report.
d) Lack of opportunity to access to internal data.
e) I had to base on secondary data for preparing this report.
f) Lack of cooperation of the executives.
g) Lack of experience.
Part 2: Business Description and Management Segment
General Discussion about the Pharmaceuticals Business
Bangladesh
is a country whose population is increasing at an alarming rate. But,
the people of Bangladesh are not so much educated and they are not
conscious about their health. For this reason, they are affected by
various diseases. Besides this Bangladesh is frequently affected by
various natural calamity which also spread out various diseases. So,
medicine is very essential for the people of Bangladesh and it is one of
the basic needs of people. Along with this, pharmaceutical products can
also be exported in abroad which will bring huge foreign currency in
our country and help in development of the economy of the country. From
that perspective, pharmaceutical business can be attributed as a major
source of investment for many entrepreneurs. The potentiality of this
sector is very high. Huge demand can be created if a sustainable
investment, management and marketing policy is formulated and
implemented accordingly.
About COMET Pharmaceuticals Limited
COMET will
symbolizes a name – a state of mind. But its journey to the growth and
prosperity will not be a bed of roses. From the inception, it has to run
a long way to be pioneer in this sector. This business entity will be
set up under the Companies Act-1994 as a public limited company. Since
it will be a public limited company, it will require at least seven
promoters to set up the company. Then it has to obtain Certificate of
Commencement to start its business operation. Then it will be registered
in the stock exchanges of the country. It will publish the prospectus
to invite general public to apply in the Initial Public Offer (IPO).
After getting the paid up capital the company will start its business
and will try to achieve its goal.
Vision, Mission and Objectives of COMET Pharmaceuticals Limited
Vision:
We
view business as a means to the materials and social well beings of the
investors, employees and the society at large, leading to accretion of
wealth through financial and moral gains as a part of the process of the
human civilization.
Mission:
Our
mission is to produce and provide quality & innovative healthcare
relief for people, maintain stringently ethical standard in business
operation also ensuring benefit to the shareholders, stakeholders and
society at large.
Objectives:
Our
objective is to conduct transparent business operation based on market
mechanism within the legal and social framework with aims to attain the
mission reflected by our vision.
Management Structure
Top Management: Board of Directors
As
per provisions of the Article of Association, Board of Directors holds
periodic meetings to resolve issue of policies and strategies, recording
minutes/decisions for implementation by the Executive Management.
Executive Management:
The
Executive Management will be headed by the Managing Director, the Chief
Executive Officer (CEO) who will be delegated necessary and adequate
authority by the Board of Directors. The Executive Management will
operate through further delegations of authority at every echelon of the
line management. The Executive management will be responsible for
preparation of segment plan/sub-segment plans for every profit centers
with budgetary target for every item of goods & services and held
accountable for deficiencies with appreciation for exceptional
performance. These operations will be carried out by the executive
management through series of committees, sub-committees, ad-hoc
committees, standing committees assisting the line management.
Standing Committees:
- Internal Audit Committee,
- ISO Audit Committee,
- Social/Environmental Audit Committee, and
- Performance/Evaluation Audit Committee.
Employment Relation Committee:
- Remuneration Committee,
- Work Environment Committee, and
- Employees Welfare & Recreation Committee.
Management Committee:
- Product Planning and Development Committee,
- Quality Control and Research Committee,
- Production and Inventory Management Committee,
- Market Research Committee,
- Export Promotion Committee,
- Agency/Distribution Management Committee.
The
company’s chief operating decision makers will review the profit and
loss of the company on an aggregate basis and manage the operation of
the company as a single operating segment. Accordingly, the company will
operate in one segment, which is the business of developing,
manufacturing and marketing of drugs for health care for all lives in
species.
Risk perception:
Company
management will perceive investment risks within the national and
international economic situation in relation to legal requirements
involving intellectual property rights, scientific invention, World
Trade Organization (WTO) regulation and monetary fiscal investment
policies and has prepared its production & marketing strategy to
meet the challenges from these risks.
3.7 Profile of COMET Pharmaceuticals Limited
I. Establishment of the Company: 2011
II. Capital Structure
Capital Structure
| |
Shareholders Equity:
|
taka
|
Share Capital
|
432000000
|
Share Premium
|
2035465000
|
General Reserve
|
105878200
|
Tax Holiday Reserve
|
1208110872
|
Retained Earnings
|
2390465078
|
Total
|
6171919150
|
Long Term Loan - Secured
|
389193080
|
Minority Interest
|
29766940
|
III. Board of Directors
1. Chairman
2. Director
3. Managing Director
4. Director
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