The Various Concern of SQUARE
|Year of Establishment (Initially as a Partnership)||:||1958|
|Incorporated as a Private Limited Company||:||1964|
|Technical Collaboration Agreement with Janssen Pharmaceuticals of Belgium|
(A subsidiary of Johnson & Johnson International Ltd.)
|Technical Collaboration Agreement with F.Hoffman-La Roche & Co. Ltd.||:||1984|
|Converted into Public Limited Company||:||1991|
|Initially Public Offering (IPO)||:||1994|
|Stock Exchange Listing (Dhaka & Chittagong)||:||1995|
|Agreement with M/s. Bovis Tanvec Ltd. of UK for implementation of Dhaka Plant||:||1996|
|Awarded ISO-9001 Cerificate||:||1998|
|Awarded UK-MHRA Certificate||:||2007|
|Business Lines||:||Manufacturing and Marketing of Pharmaceutical Finished Products, Basic Chemicals, AgroVet Products and Pesticide Products|
|Authorized Capital||:||US$ 73.5 Million|
(Tk. 5,000 Million)
|Paid-up Capital||:||(Tk. 1207.22 Million)|
|Number of Employees||:||3,564|
|Subsidiary Company||:||Square Cephalosporins Ltd.|
Square Biotechs Ltd.
Square Multifabrics Ltd.
|Associate Company||:||Square Textiles Ltd.|
Squar Knit Fabrics Ltd.
Square Fashions Ltd.
Square Hospitals Ltd.
SQUARE Pharmaceuticals Ltd: Square Pharmaceuticals Limited is an organization with equal emphasis on Leadership, Technology, Quality and Passion. Square Pharmaceuticals Ltd. is the leading branded generic pharmaceutical manufacturer in Bangladesh producing quality essential and other ethical drugs and medicines. It was established in 1958 and has been continuously in the 1st position among all national and multinational companies since 1985. And now SQUAREPharmaceuticals is set on becoming a high performance global player in the field.
The Leader of Bangladesh Pharma Market Since 1985
SQUARE today symbolizes a name – a state of mind. But its journey to the growth and prosperity has been no bed of roses. From the inception in 1958, it has today burgeoned into one of the top line conglomerates in Bangladesh. Square Pharmaceuticals Ltd., the flagship company, is holding the strong leadership position in the pharmaceutical industry of Bangladesh since 1985 and is now on its way to becoming a high performance global player.
CORPORATE OPERATIONAL RESULT
Figure in thousand : BDT
Figure in thousand : US$
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|Dividend per Share(Stock)|
|Shareholders’ Equity per Share|
|EPS at original capital at IPO|
|Earning per Share (SPL)|
|Earning per Share (Consolidated)|
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|Quoted Price per Share – CSE|
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|Human Resources :|
SQUARE first ventured into the textile sector with the establishment of the first unit of the SQUARE Textiles Ltd. in 1997. A year later the establishment of the second unit followed. Today it has one of the most sophisticated vertically integrated set-ups in the country.
Some of SQUARE Group’s ventures in the textile arena are: SQUARE Textiles Ltd., SQUARE Spinning Ltd., SQUARE Knit Fabrics Ltd., SQUARE Fashions Ltd. SQUARE Yarns Limited and RASTAS Apparels Ltd.
|SQUARETextiles Ltd.Year of Establishment|
Unit 1 : 1997; Unit 2 : 1998Products
100% Cotton Ring Spun Yarn for HosieryTarget Market
Export Oriented Readymade
Unit 1 : US$ 20.00 million,
Unit 2 : US$ 13.50 million
Financial Status (2006)
Financial Status (2006)
|SQUARE Knit Fabrics Ltd.|
Year of Establishment
2001Commencement of Production
Knit Fabric ProductionTarget Market
Export Oriented Readymade GarmentsInvestment
US$ 20.00 million
Financial Status (2006)
SQUARE Fashion Ltd.
Financial Status (2006)
SQUARE Toiletries Ltd. started its journey in 1988 with a single product as a separate division of SQUARE Pharmaceuticals. In 1994, SQUARE Toiletries Ltd. becomes a Private Limited Company. At present, STL is the country’s leading manufacturer of international quality cosmetics and toiletries with over 50 products.
Currently, STL is Carrying out its production in its two automated plants at Rupsi and Pabna. Depending on the nature of products, formulation and packaging, STL has product specific machinery. STL uses raw materials from the world renowned suppliers like Dragoco, Firmeuich etc. STL always performs international standard production process which follows the Good Manufacturing Practice (GMP).
In 2001, SQUARE Consumer Products Ltd started its operation as an individual company. Within a very short span of time SCPL has drawn the attention of the consumers by providing quality products and preferred services.
|Year of Establishment|
2001Commencement of Production
Powdered spices (Chili, Turmeric, Cumin, Coriander & mixed spices) and ethnic snacks.Target Market
Bangladesh and currently being exported to countries like USA, UK, UAE, Italy, Germany, Saudi Arabia, Kuwait & South Korea.Investment
US$ 15.00 million
|Financial Status(2006)Annual Turnover : US$ 19.56 millionAnnual Growth : 29.00%|
The vacuum in the quality data connectivity within distributed offices for online systems inspired SQUARE to diversify into the information and communication technology (ICT) sector. SQUARE InformatiX Ltd. pioneered and commissioned the first of its kind VSAT Control Center with capacity to control 16,000 VSATs at Gazipur to provide the most secured, reliable and cost effective data communication within and outside the country.
Apart from the communication solution, SQUARE InformatiX Ltd. also have long experiences in providing complex network solution, deployment of integrated Enterprise Resource Planning system and provider of Corporate Internet Services.
Microserve Ltd., a subsidiary of SQUARE InformatiX Ltd., was chosen by Microsoft Corporation as the sole Market Development Partner for Bangladesh for all Microsoft products.
AgriBiotech Project :
SQUARE has setup a plant tissue culture laboratory to develop agricultural/agro processing sector in the country and is committed to bring improved quality planting materials and year round production through AgriBiotech. The major activities of AgriBiotech is to provide disease free, stress free, high yielding seed & seedlings such as potato, banana, ginger, turmeric and some flowers including varieties of orchids to the farmer & nurserymen to solve quality seed problems in this agro based country.
Well equipped around 4000 square feet tissue culture laboratory is situated at Uttara, a convenient location, having careful designing and planning, facilitated to produce 10,00000 seedlings per year. The other activities of this project will be of research and development in the field of Biotechnology to protect some of endangered medicinal plant and to bring some new as cane, rattan, bamboo which is almost extinct in the country.
SQUARE Hospitals Ltd., a concern of Square Group, is a 300 bed tertiary care hospital. The hospital is an
affiliate partner of Methodist Healthcare, Memphis, Tennessee, USA; Christian Medical College-Vellore, India; and Care IVF (In-vitro fertility centre) Centre, Singapore.
Square Hospitals’ vision is to become the location of choice for Bangladeshis and people of South and South East Asia for quality healthcare, as well as an integrated centre for clinical services, medical and nursing education and research.
|SQUARE is the leading Pharmaceuticals of the country. SQUARE is dedicated to advance technology and the pioneer in introducing innovative ideas.|
|SQUARE HERBAL & NUTRACEUTICALS LTD. – an endeavor of SQUARE Group that has been evolved to ensure the availability of modern Herbal Medicines to the people of this country. To ensure modern Herbal Medicines, the company is –|
|SQUARE HERBAL & NUTRACEUTICALS LTD. is devoted to Rational Phytotherapy based on four basic rules of phytomedicines suggested by the German Commission E –|
SQUARE is committed to ensure better health through quality medicines
Square Cephalosporins Ltd.
Dedicated and state-of-the-art Cephalosporins Manufacturing Facility is built as per the requirement of International GMP standard like EMEA, UK MHRA and US FDA. This world class facility manufactures Cephalosporin antibiotics in Tablets, Capsules, Dry Syrup and Injectable preparations.
Company Profile of the Square Cephalosporins Ltd.
Square Cephalosporins Ltd
48, Mohakhali C/A
Dhaka 1212, Bangladesh
Phone: +88-02-8859007, +88-02-8833047 up to 56
+88-02-8834941, +88-02-8828768, +88-02-8828609
Type of business:
The company is involved with production and distribution of 100% Drugs & Medicine.
Area of operation:
The company will operate its activities in Bangladesh and Aboard. It can extend its project anywhere suitable in the country.
At the starting point the firm will have a capital of Tk.954520884. In case of necessity additional capital can be collected from the partners.
Distribution of Profit:
According to the ratio of capital the profit will be distributed or loss will be covered equally among all Share Holders.
Management & Operation:
Every Share Holders will take part in the operation of the business. The first Share Holder Samson H. Chowdhury will work as Chairman.
Preparation of Financial Statement
That proper Book of Accounts of the business shall be maintained and kept at the office and the Share Holders shall have free access to the Books of Accounts.
That an Annual balance sheet for profit and loss shall be prepared which shall be shared by the parties proportionately.
The company will maintain its accounts in a fiscal year consisting of July 1st to Jun 30th.
Account of the firm shall be opened in the name of the firm with any schedule bank or banks of Bangladesh. In banking transaction the signature of Managing Director/Accountant is mandatory.
Admission of Partnership
For the overall welfare of the firm new partners can be admitted in the firm but no new partners can be added without the full written consent of the partners.
Retirement & Death of Partners
Any Share Holder can take retirement from the company by providing a three months prior notice. In case of death of any Share Holders his nominee or successor can become a Share Holders on the consent of other Share Holders.
Repayment Of capital
In the event of the death or retirement of a Share Holders, the remaining partner will pay the state or retiring Share Holders the full amount of the original investment. The payment will be made within 1year of the death or retirement of the Share Holders.
If grievances between partners cannot be resolved, an arbitrator will be hired that is acceptable to Share Holders. The decision reached after arbitration is binding.
In case of necessity or according to the occurring situation if the termination of the company has to done, the termination procedure will be followed by the Company Act 1994 prevailing in Bangladesh.
Change of Condition
With the consent of Company’s rules & terms of the article can be amended.