This family feeling is a big asset for this company. ), Nationality: noun: Russian(s) , adjective: Russian, Ethnic groups: Russian 81.5%, Tatar 3.8%, Ukrainian 3%, Chuvash 1.2%, Bashkir 0.9%, Byelorussian 0.8%, Moldavian 0.7%, other 8.1%, Religions: Russian Orthodox, Muslim, other, Definition: age 15 and over can read and write, Total population: 98%, male: 100%, female: 97% (1989 est.). According to the American Chamber of Commerce, the area of OTC drugs deserves additional attention. Companies may deem a second registration profitable because products registered as pharmaceuticals carry no VAT obligation. This is the Square Pharmaceuticals company profile. It is the most famous company in Bangladesh. Develop process and instructions for continuous development of operations to increase productivity. This has become possible because of the loopholes in the patent law. Internship Report: SQUARE PHARMACEUTICALS LTD. Subject: Organizational Behavior Topic: Internship Report. Exploration of new markets all over the world, Operating of export business in the different countries, Provide training to field forces in overseas countries. Our project is focused on to decide entry mode of Square for Russia. The operating financial results of the company for the year under report as compared to the previous year are as follows: Square Pharmaceuticals Ltd. has a very good working environment where the employees get enough opportunity to show their ability and creativeness. The prevalence of diabetes in groups of population of middle level of material conditions – 2.4%, in poor families –7.7%. Manufacture of Active Pharmaceutical Ingredients (API) is a part of …  Frequent change in government rules & regulations. Developing Business contract with the distributor. 355-356, Tejgaon Industrial Area, Dhaka-1208. 2002       :  Establishment of Square – Fashions Limited and Square – Knit fabrics Limited. Over the last five years the production of substances has declined by 60 percent. According to the Alfa Capital’s research, the expected sector’s annual growth rates for the next few years are estimated at 15 percent. Performs functions as the representative of SPL at the depot level. To strengthen it’s global operation further, Square is planning to enter in Russian Pharma market considering market potentiality. Three years later, Russia’s Nutrition Institute of the Academy of Sciences reported that consumption of some essential vitamins was barely 50 percent of recommended levels. Employee turnover (as it reveals the secrets of the company). 22 employees were sent to various local institutes for training on different topics, 7 employees were sent abroad for training/attending seminars/symposiums on various subjects including general management, 3 expatriates were also invited for holding various discussion forums for officers/staff of the company. Despite numerous oddities and complex artifices usually associated with a state-of-art plant, the management is in the final phase of implementation of the project with the planning, supervisory and technical support form the consultants e.g. eRecruitment ensures the equal employment opportunity. SQUARE is committed to ensure strict compliance with CGMP norms and regulatory requirements in every phase of manufacturing, quality assurance, and distribution of medicines. Being confident with the sophisticated manufacturing and quality assurance technology of SQUARE, multinationals from industrialized countries now have agreements with Square for having their products manufactured in Bangladesh. 12.95 times. Lack of clarity may benefit some manufacturers through tax reduction, while on the other hand such a system of dual registration may benefit regulatory agencies by increasing assessed fees. q       FIRST to manufacture and market Metronidazole, Ampicillin and Cotrimoxazole after the expiry of patents. See our User Agreement and Privacy Policy. Regular prescription share analysis and report generation for SPL market share analysis. 9.70 times. All matters related to development of factory facilities. A new factory built in 1987, with all the modern machinery, extensive development of the domestic market, and infiltration into foreign ones like UK and Singapore. In addition to pharmacies there are 50 thousand small pharmaceutical kiosks. q       FIRST to locally produce high tech Metered dose Inhalation (MDI) formulations. As per the latest organogram SPL had 20 (twenty) functional departments for its operation. The report is primarily based on secondary data on Russian market. রাসূল সঃ এর উম্মত is on Facebook. 2005-06. MCCI certificate regarding company registration. 5/A/04 & 5/A/05, Shaheb Quarter, Kachijuli, Mymensingh. Anika has 2 jobs listed on their profile. ), Population growth rate: -0.35% (2001 est. Apply to Chemical Engineer, Engineering Intern, Process Engineer and more! Square Pharmaceuticals Limited, the flagship company of Square Group, 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. Federal government purchases pharmaceuticals to execute nation-wide programs in the health care area, such as Diabetes Program, Vaccination and Prevention Program, Mother and Child Care Program, Anti-AIDS Program, etc.  Unnecessary permanent employees almost in every department. Imported registered pharmaceuticals are generally exempt from VAT. Starting its first export to UK and Singapore in 1987, it is now exporting to several countries of Europe and Asia, which includes Russia, Sri Lanka, Pakistan, Myanmar, Kosova, Nepal and Yemen. Welcome to Square eRecruitment System. The P/E ratio was 8.43 times in 2003-04 and increased further to as high as 12.95 times in the following year. Square Pharmaceuticals Limited is one of the largest industries in Bangladesh. … In 1997 they were up 35 percent in comparison to 1996. A decade after the implosion of the Soviet Union in 1991, Russia is still struggling to establish a modern market economy and achieve strong economic growth. I also want to extend my greatest thanks to all those who are associated and contributed in this project. APIdays Paris 2019 - Innovation @ scale, APIs as Digital Factories' New Machi... No public clipboards found for this slide. Investors Contact . In some cases, when the contents of micronutrient of mineral salts in biologically active additives does not exceed daily requirement by six times, registration is not needed. Won the National Export trophy for exporting pharmaceuticals. Development of formulation of new products. Pay regular visit to the doctors; show the benefits of new existing products with the help of promotional tools. Current product mix of Square Pharmaceuticals Ltd. comprised of products from the following types of Drug Delivery Systems: SQUARE is committed to ensure better life through quality medicine. Information concerning stability monitoring program, shelf-life and storage conditions. The ultimate motto is to ensure customer satisfaction by exceeding their level of expectations. from 1999 has started to export technology to SQUARE’s global customers. Exporting product sample limit is as follows. To achieve the target of 15 million Taka in year 2003. SQUARE Pharmaceuticals Ltd 3. Russia’s agricultural sector remains beset by uncertainty over land ownership rights, which has discouraged needed investment and restructuring. A new law introduced in 1992 provides full protection, but since new drugs take an average of ten years to develop, very few have so far been registered under the more stringent legislation. Handling various forms of product complaints from market, field forces, and different departments. Since 1987 Square has taken aggressive measures to explore new countries as potential export market. 317,321,566 as on 31-03-98 to 780,988,934 as on 31-03-99 on various heads as shown below: Square Dhaka Unit Project work was started from October 1996. Executive summary :Square Pharmaceuticals Ltd. was established as a partnership firm in 1958. 780 Chemical Engineering Intern jobs available on Indeed.com. United International University The result of the new requirements is an even more complicated process, which has doubled the approval and import time to over two months. Despite declining living standards of the Russian population, purchases of pharmaceuticals by citizens of Russia have been growing. Its communication channel is superb. Projected market growth is highest in this sector. 8.43 times. Introduction of LAN has smoothened the process. SQUARE is now one of the fastest growing and fastest diversifying conglomerate in Bangladesh. At the same time, the ability of patients in need to gain access to high quality medicines is severely limited. All documents should be submitted to the Bureau of Registration of New Pharmaceuticals and Medical Equipment, which issue the registration certificate. It is also pioneer in introducing many new products sought by the doctors. Above all highly qualified, well-trained, experienced and dedicated professionals are most valuable assets of Square Pharmaceuticals Ltd. SPL’s Research and Development is devoted to improve the health care facility of people. Following documents are required for office registration. Considerable potential in this area remains for both foreign and domestic producers, as Russian consumers spend approximately the same amount on all pharmaceuticals as Western consumers spend on vitamins. This is the new concept of pain & Inflammation management. Beximco. Since its inception SPL practices Good Manufacturing Practices (GMP), as recommended by the World Health Organization (WHO). This is the noble proton pump inhibitor to manage gastrointestinal disorders. Agro-chemicals & Veterinary Products Division of Square Pharm. 4.3. The Dhaka Unit New Pharmaceuticals Production Facility at Kaliakoir is going to be one of its kind in the country to face the challenge of free world market in the beginning of new millennium. PMD is the core and centralized department for managing the total marketing effort. The actual production of the various categories of products (except inhalers) including chemicals increased substantially leading to higher capacity utilization as summarized below: The capacity utilization rate in some areas of production decreased due to strategic changes in favor of increased production of higher value added products in each category resulting in higher turnover in value. Size is 1.4 billion US$. This sector is the price sensitive sector & will procure the products of lowest price. The pharmaceutical sector has undergone significant change in the past several years. No. Local governments pay for 93 percent of state pharmaceutical purchases, while the federal government accounts for only 7 percent of such purchases. The Group is also the largest ceramics exporter in Bangladesh. Handles initial product queries from doctors and product complain from the market. Supply Chain management coordinates all these activities so that, customers can be provided with prompt and reliable service of high quality products at the least cost. Research done by the Russian Investment Bank Alfa Capital estimates that by the year 2000, sales of painkillers are expected to increase by 25 percent from 1995 levels. At this point of time the partnership firm was transformed into Private Limited Company. 1000 million, Paid-up Capital                    :               Tk. +91-22-40212121 Days Sales Outstanding (DSO) = 14.87 days 5. With a brilliant track record SPL became the first company in Bangladesh to cross the Billion Taka mark turnover in 1992. 2003       :  Turnover crosses Four Billion Taka mark. Lack of expertise of Square in FDI will create more risk for Square. ), Agriculture – products: grain, sugar beets, sunflower seed, vegetables, fruits; beef, milk, Commodities: petroleum and petroleum products, natural gas, wood and wood products, metals, chemicals, and a wide variety of civilian and military manufactures, Partners:US 8.8%, Germany 8.5%, Ukraine 6.5%, Belarus 5.1%, Italy 5%, Netherlands 4.8% (2004), Commodities: machinery and equipment, consumer goods, medicines, meat, grain, sugar, semi finished metal products, Partners:Germany 13.8%, Belarus 10.7%, Ukraine 8.3%, US 7.9%, Kazakhstan 4.6%, Italy 3.8% (1999), Debt – external: $163 billion (2005 est. Any regional budget has a health care section to finance such items as administrative costs of regional health department or fixed capital expenditures of medical institutions in its territory. It was established in 1958 and converted into a public limited company in 1991. Read More . Pharmaceutical imports help solve the problem, but there is still large unsatisfied demand for many types of medicines. Currently this division is producing the following bulk chemicals for the domestic pharmaceutical companies: v  Amoxicillin trihydrate BP/USP (compacted and micronized), v  Cloxacillin sodium BP/USP (compacted and micronized), v  Ampicillin trihydrate BP/USP (compacted and micronized), v  Cephalexin monohydrate BP/USP (compacted and micronized). which is not possible for Square to take care in the initial level. There would be a contract between Square & the Distributor where mode of payment will be clearly mentioned. Since early 1990 when the central drug purchasing system ceased to exist, territories have formed their own procurement practices. Today‘s Square Pharmaceutical is a dream that Mr. Samson H. Chowdhury turned into reality. In 1995, SQUARE has established a separate division for the manufacturing of bulk drugs. SQUARE is now on it’s way to becoming a high performance global company. Payment for the supplied goods will be made by the Distributor through bank transfer on the Square’s account within 45 (forty five) calendar days from the date of issuance Air way bill. Such extensions of credit are not practiced elsewhere in the world and should be recognized as a form of investment as the capital necessary to purchase goods is instead being used to grow and improve the distribution network for Russia. Considering the entry mode & strategic aspects we recommend following L/C at deferred payment mode for transfer of Money. SQUARE Pharmaceuticals Ltd., the Leader of Bangladesh Pharmaceutical Industry for the last 29 years, is now UK Medical and Health Care Products Regulatory Agency (MHRA), Australia certified. Climate: Ranges from steppes in the south through humid continental in much of European Russia; Sub-arctic in Siberia to tundra climate in the polar north; winters vary from cool along Black Sea coast to frigid in Siberia; summers vary from warm in the steppes to cool along Arctic coast. I was placed under one of the most important departments in the company Product Management Department (PMD). With its finished goods already dominating markets at home and abroad, SPL started production of pharmaceutical raw materials groom its new unit, christened as Square Chemical Division, in 1995. On May 17, 1997 the Russian government adopted a decree “On Marking of Goods and Products Within the Territory of the Russian Federation with Marks of Conformity which are protected from Falsification”. Poor country image of Square is the major burden for Square for Licensing. R&D Department is also devoted to extensive research and development work in synthesizing bulk chemicals for Chemicals Division. Nevertheless, SPL’s growth was not being stunted. The reasons are: Square should launch one important product antibiotic in Russia. This should be in English & Russian language. Because Russian health care spending has for years been inefficient, resulting in large purchase of medicines and medical equipment with low clinical effect, Russia represents a promising market for foreign companies. In addition to these FIRSTs, SQUARE Pharmaceuticals Limited (SPL) was always ahead in introducing new products in the market. Every member of Square Pharmaceuticals Ltd. feels like he or she is a member of the Square family. Main operational office of M/S Zao Protos is based in Moscow. 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