MIRA
INFORM REPORT
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Report Date : |
05.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
Pacific Bangladesh Telecom Limited |
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Registered Office : |
Pacific Centre, 14, Mohakhali Commercial Area, Dhaka-1212, |
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Country : |
Bangladesh |
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Date of Incorporation : |
13th April, 1993 |
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Com. Reg. No.: |
C-23727 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Engaged in the business of providing mobile/Cellular phone Services. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
Report on
Pacific Bangladesh Telecom Limited
Address
Pacific
Centre,
14,
Mohakhali Commercial Area,
Dhaka-1212,
Bangladesh.
Telephones :
880-2-8825283,8825281,8822186-7
Fax : 880-2-8823575
E-mail :
customerservice@citycell.com
SUMMARY
Established :
April, 1993
Incorporation
No. :
C-23727
Incorporation
Dated : 13th
April,,1993
Managing
Director & CEO :
Mr. Chye Hoan Pen
Employees
186
Executives- 6
Junior
Executives- 8
Engineers- 10
Junior
Engineers- 17
Field
Staffs- 58
General
Staffs- 55
Technicians- 32
BANK
Arab
Bangladesh Bank Limited
Mohakhali
Branch,
Dhaka.
FACTORY
N/A
OFFICE AREA
10,000 sq. ft.(own)
FACTORY AREA
N/A
WAREHOUSE AREA
N/A
DIRECTORS &
SHAREHOLDERS
Mr. Faysal
Khan -Chairman
Mr. Chye
Hoan Pen -Managing Director
Mr. Lee
Hsien Yong
Mr. M.
Morshed Khan
HISTORY
The company was established in Apil,1993 by Mr. M. Morshed
Khan and other directors in Dhaka city .
BUSINESS
The company is engaged in the business of providing mobile/Cellular phone Services.
RANGE OF PRODUCTS
Mobile/Cellular
Phone Services
International
SMS
Bengali SMS
Voice--Mail
based services
SMS based
services
Ring tone
downloads
PRODUCTION POSITION
Yearly production Capacity : N/A
Last year Production : N/A
BRAND NAME
CITY CELL
MAIN FOREIGN PARTNERS
Singtel----Singapore
TECHNICAL SUPORT FROM
UT Starcom----USA
TECHNOLOGY USED
CDMA (Code Division Multiple Access)
NAME OF GROUP
Pacific Group
SISTER CONCERN
Pacific
Traders Limited, Dhaka
Pacific
Motors Limited, Dhaka
Pacific Industries
Limited, Chittagong
Therapatics
Bangladesh Limited, Chittagong
Noapara Tea
Company Limited,Habiganj
MEMBER
Dhaka
Chamber of Commerce & Industries, Dhaka
Chittagong Chamber of Commerce & Industries, Chittagong
LEGAL FORM
The subject is a private limited company incorporated with
the Registrar of Joint Stock of Companies Dhaka.
FINANCIAL INFORMATION
2005 2004 2003
Capital
Invested Tk.2 billion Tk.2
billion Tk.2 billion
Turnover Tk.5 billion Tk.4.8 billion Tk.4.5 billion
Liability Tk.8.8 million Tk.7.4 million Tk.9.3 million
Fixed Assets Tk.2.1 billion Tk.2.1 billion Tk.2
billion
CAPITAL STRUCTURE
Authorized
Capital Tk.10 billion
Paid up
Capital Tk.2.5
billion
Each share
value Tk.100.00 each
EXCHANGE RATE
GB Pound 1.00=Tk.138.0118
US Dollar 1.00=Tk. 70.4700
Europe
Euro 1.00=Tk. 92.7535
Japanese
Yen 1.00=Tk. 0.5992
Australian
Dollar 1.00=Tk.
55.5718
COMMENTS
Subject is a private limited company engaged in providing
cellular/mobile phone services. it is the third largest cellular operators in
the country with 3.5 million subscribers. Recently Singtel, Southeast Asia’s
largest mobile phone company, has bought 55% of the company for US$ 118
million. The company now with its new partners is hoping to be the number one
mobile phone operator in the country within the next two or three years and
would provide the cheapest service.
Directors are all very experienced in this line of trade and
know their job well. They are financially solvent and their payment mode is
regular, as reported.
The company
can be considered good for normal business dealings at usual trade terms and
conditions.
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)