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Annual Report 2019-2020

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Annual Report 2019-2020 Annual Report 2019-2020 SQUARE PHARMASince 1958 Square Pharmaceuticals Ltd About Us SQUARE Pharma, the largest pharmaceu�cals company in the Country, is a trusted name in the pharmaceu�cals sector of Bangladesh. Like most indigenous concern it made its debut in a humble way in 1958 as a Partnership Firm under the leadership of Late Samson H Chowdhury. The following year, 12 working people, occupied floor space of 3,000 sq. �., first produc�on EASTON’S syrup and made a turnover of Tk. 55,000. In 1964, Partnership Firm converted into a Private Limited Company, then in 1991, converted into a Public Limited Company and become Publicly Listed Company in 1995. SQUARE today symbolizes a name - a state of mind. From the incep�on in 1958, it has today burgeon into one of the top line conglomerates in Bangladesh. SQUARE Pharma, the flagship company, is holding the strong leadership posi�on (#1) in the pharmaceu�cal industry of Bangladesh since 1985. It has extended its range of services towards the highway of Market Leader global market. It pioneered exports of medicines from Since 1985 Bangladesh in 1987 and has been expor�ng an�bio�cs and other pharmaceu�cal products. This extension in business and services has manifested the credibility of SQUARE Pharma. SQUARE Pharma is to emphasize on the quality of product, process and services leading to grow of the company imbibed with good governance prac�ces. Square Pharmaceu�cals Ltd. Square Pharmaceu�cals www.squarepharma.com.bd Since 1958 Since Performance Key Highlights SQUARE PHARMA Standalone 18.68 % Sales/ Gross Revenue - BDT 52.93 Billion 10.95 % Export - BDT 1.65 Billion 22.66 % Profit A�er Tax - BDT 12.96 Billion 23.12 % Contribu�on to Na�onal Exchequer - BDT 12.32Billion % 14.87 NAV Net Asset Value - BDT 69.85 Billion 13.49% NOCF Net Opera�ng Cash Flow - BDT 10.89 Billion 22.66 % EPS Earning Per Share - BDT 15.35 19.74 % Dividend (Cash Payout) BDT 3.97 Billion AAA Credit Ra�ng by CRISL 2019-2020 Bank Loan TRANSMITTAL Performance LETTER Key Highlights SQUARE PHARMA Standalone To The Members Bangladesh Securi�es and Exchange Commission Registrar of Joint Stock Companies & Firms Dhaka Stock Exchange Ltd. 18.68 % Sales/ Gross Revenue - BDT 52.93 Billion Chi�agong Stock Exchange Ltd. 10.95 % Export - BDT 1.65 Billion Annual Report for the yearended June 30, 2020 Dear Sir(s) 22.66 % Profit A�er Tax - BDT 12.96 Billion We are pleased to enclose a copy of the Annual Report containing Directors’ Report, Auditors’ Report alongwith Audited Financial Statements including Statement of Financial 23.12 % Contribu�on to Na�onal Exchequer - BDT 12.32Billion Posi�on as at June 30, 2020, Statement of Profit or Loss and other Comprehensive Income, Changes in Equity and Cash Flows for the year ended June 30, 2020 along with % 14.87 NAV Net Asset Value - BDT 69.85 Billion notes thereon and all related Consolidated and Subsidiary Financial Statements for your record and necessary measures. 13.49% NOCF Net Opera�ng Cash Flow - BDT 10.89 Billion With best regards. 22.66 % EPS Earning Per Share - BDT 15.35 19.74 % Dividend (Cash Payout) BDT 3.97 Billion Khandaker Habibuzzaman Company Secretary AAA Credit Ra�ng by CRISL Dated: 30 November, 2020 2019-2020 Bank Loan SPL Annual Report 2019-20 3 THE TEN PRINCIPLES OF GLOBAL COMPACT (UN) The ten principles of Global Compact ini�ated by the UN Secretary General as have been adopted by Square Pharmaceu�cals Ltd. are as follows: HUMAN RIGHTS: ENVIRONMENT: Principle 1 Principle 7 Business should support and respect Business should support a precau�onary the protec�on of interna�onally approach to environmental challenges. proclaimed human rights within their sphere of influence; and Principle 8 Undertake ini�a�ves to promote Principle 2 greater environmental responsibility; Make sure that they are not complicit and in human rights abuses. Principle 9 LABOR STANDARDS: Encourage the development and Principle 3 diffusion of environmentally friendly technologies. Businesses should uphold the freedom of associa�on and the effective recogni�on of the right to ETHICAL STANDARDS: collective bargaining. Principle 10 Principle 4 Business should work against The elimina�on of all forms of forced corrup�on in all its forms, including and compulsory labor. extor�on and bribery. Principle 5 The effec�ve aboli�on of child labor and Principle 6 Eliminate discrimina�on in respect of employment and occupa�on. 4 SPL Annual Report 2019-20 54TH AGM NOTICE s l a c i No�ce is hereby given that the 54th Annual General Mee�ng of the Members of Square t Pharmaceu�cals Ltd. will be held on Tuesday the 15th December, 2020 at 10:00 a.m. under u virtual pla�orm through the link h�ps://bitly.com/splagm2020 to transact the following e business: c a Agenda-1: To receive, consider and adopt the Audited Financial Statement for the m year ended 30th June, 2020 together with the reports of the Directors’ and r the Auditors’ thereon a h Agenda-2: To declare dividend for the year ended 30th June, 2020. P Annual General Annual General Agenda-3: To elect Directors in terms of the relevant provision of Ar�cles of e th Associa�on. r 4 Agenda-4: To appoint Statutory Auditors for the year 2020-2021 and to fix their a 5 u remunera�on. e Agenda-5: To appoint Compliance Auditor for the year 2020-2021 and to fix their q S h remunera�on. t f Agenda-6: To re-appoint the Managing Director of the Company. t o a s h r t By order of the Board e n b e m v i e g Khandaker Habibuzzaman M y Company Secretary 30 November, 2020 b e e Notes: h r t i) The proxy form must be affixed with requisite revenue stamp and be deposited at the e Registered Office of the Company not less than 48 hours before the �me fixed for the mee�ng. f h o th ii) Members are requested to submit to the Company’s Share Office on or before 13 December s 2020, their wri�en op�on to receive dividend. In case of non-submission of such op�on with g i the stipulated time, the dividend will be paid off as deemed appropriate by the Company. n i iii) The Annual Report is available in the Company’s web site at www.squarepharma.com.bd e t c i e t e o N M Ltd. will be on held SPL Annual Report 2019-20 5 The Founder 1925 - 2012 Never stand still Never slow down Never stop thinking Samson H Chowdhury VISION MISSION V I SION WE VIEW BUSINESS AS A MEANS TO THE MATERIAL AND SOCIAL WELLBEING 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. M I SSION 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 THE SOCIETY AT LARGE. O B JECTIVES OUR OBJECTIVES ARE TO CONDUCT TRANSPARENT BUSINESS OPERATION BASED ON MARKET MECHANISM WITHIN THE LEGAL & SOCIAL FRAMEWORK WITH AIMS TO ATTAIN THE MISSION REFLECTED BY OUR VISION. C O RPORATE F OCUS OUR VISION, OUR MISSION AND OUR OBJECTIVES ARE TO EMPHASIZE ON THE QUALITY OF PRODUCT, PROCESS AND SERVICES LEADING TO GROW OF THE COMPANY IMBIBED WITH GOOD GOVERNANCE PRACTICES. SPL Annual Report 2019-20 7 WE STRIVE FOR THE AUTHORITY We in SQUARE, strive, above all, for top quality health care products at the least cost reaching the lowest We strive for prac�cing rungs of the economic class of people in the country. good-governance in every We value our social obliga�ons. sphere of activities covering inter alia not We owe our shareholders and strive for protec�on of being limited to, their capital as well as ensure highest return and disclosure & repor�ng to growth of their assets. share-holders, holding Chairman Mr. Samuel S Chowdhury AGM in �me, distribu�on Mr. Samuel S Chowdhury We strive for best compensation to all the employees Mr. Samuel S Chowdhury who cons�tute the back-bone of the management and of dividends and other opera�onal strength of the company through a pay- benefits to shareholders, package composing salary/wages, allowances, repor�ng/dissemina�on Vice Chairman bonuses, profit par�cipa�on, leave salary and of price sensitive Mrs. Ratna Patra superannua�on & re�rement benefits. informa�on, acquisi�on of shares by insiders, Managing Director We strive for the best co-opera�on of the creditors & recruitment & promo�on Mr. Tapan Chowdhury debtors the banks & Financial Ins�tu�ons who provide of staff, procurement & Financial support when we need them, the suppliers of supplies, sale of assets raw materials & suppliers who offer them at the best etc. all that directly and Director Mrs. Ratna Patra Mr. Tapan Chowdhury prices at the opportune moments, the providers of indirectly affect the Mr. Anjan Chowdhury u�li�es-power, gas & water etc. and the customers interest of concerned who buy our products & services by redeeming their groups - the shareholders, Director claim in �me by making prompt payment and by the creditors, suppliers, Mr. Kazi Iqbal Harun distribu�ng proper product on due dates to our employees, government customers. and the public in general. Independent Director We strive for fulfillment of our responsibility to the We strive for an Mr.
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