MIRA
INFORM REPORT
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Report Date : |
20th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
GLOBE SOFT DRINKS LIMITED |
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Registered Office : |
Maijdee Road, Darbeshpur, Begumganj, District: Noakhali,
Bangladesh. |
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Country : |
Bangladesh |
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Date of Incorporation : |
29.08.2000 |
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Com. Reg. No.: |
CH-3742 |
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Legal Form : |
Private
Limited Com |
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Line of Business : |
Manufacturing
and bottling of beverages (soft drinks) which are sold in the local market. |
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 : |
Satisfactory |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Company Name
GLOBE SOFT DRINKS LIMITED
Address
Maijdee Road,
Darbeshpur,
Begumganj,
District: Noakhali,
Bangladesh.
Corporate Office
House No.251/L
Road No.13/A,
Dhanmondi,
Dhaka-1205,
Telephones : 880-2-9140848,8128018,8110460,
E-mail : global@bdcom.com
SUMMARY
Established :
August,2000
Incorporation No. :
CH-3742
Incorporation Dated :
29th August,2000
Status :
Satisfactory
Managing Director & CEO :
Mr.M.Harunur Rashid
Payment :
Regular
Litigation :
Nil
Capital Invested :
Tk.42 million
Sales :
Tk.154.5 million
Employees :
130
Executives- 3
Junior Executives- 5 Engineers- 3
Quality Control- 4
Field Staffs- 30
Supervisory Staffs- 7
General Staffs- 8
Technicians- 3
Workers- 67
BANK
Uttara Bank Limited
Dhanmondi Branch,
Dhanmondi Residential Area,
Dhaka,
United Commercial Bank Limited
Principal Office Branch,
Motijheel Commercial Area,
Dhaka
United Commercial Bank Limited
Agrabd Commercial Area,
Chittagong,
FACTORY
Maijdee Road,
Darbeshpur,
Begumganj,
District: Noakhali,
Tel.880-321-51121
OFFICE AREA
1,600 sq.ft.(rented)
FACTORY AREA
20,500 sq.ft
(rented)
WAREHOUSE AREA
5,500 sq.ft.(rented)
DIRECTORS & SHAREHOLDERS
Mr.M.Harunur Rashid
-Chairman & Managing Director
Mr.M.Ahmed Hossain
Mr.M.Mamunur Rashid
Mrs.Sajeda Begum
Mr.S.U.Alamgir
HISTORY
The company was established in August,2000 by Mr.M.Harunur
Rashid and other directors in Dhaka city having its factory at Darbeshpur, Begumganj, district : Noakhali.
BUSINESS
The company is engaged in manufacturing and manufacturing
and bottling of beverages (soft drinks) which are sold in the local market.
NAME OF BRAND
Euro Cola (Cola favored drink)
Eurolemon (Lemon lime favored drink)
Lychena (Lichee favored drink)
Fizz-up (Lime favored drink with soda)
PRODUCTION POSITION
Yearly production Capacity :
30.8 million bottles per day
Last year Production :
30.8 million bottles
FLAVOR & CONCENTRATES
IMPORTED FROM
China
Malaysia
Singapore
TERM OF SALES
Cash
Credit
NAME OF GROUP
Globe Group
SISTER CONCERN
Globe Pharmaceuticals Limited-Noakhali,
Globe Biscuits & Dairy Milk Limited-Noakhali,
Globe Fisheries Limited, Noakhali,
AST Beverage Limited,
MEMBER
Noakhali Chamber of Commerce & Industries, Noakhali,
LEGAL FORM
The subject is a private limited company incorporated with
the Registrar of Joint Stock of Companies Chittagong
.
FINANCIAL INFORMATION
2005 2004 2003
Capital Invested Tk.42
million Tk.42 million Tk.41.1
million
Turnover Tk.154.5
million Tk.153.5 million Tk.153.8 million
Liability Tk.8.2
million Tk.8.5 million Tk.8 million
Fixed Assets Tk.60
million Tk.60 million Tk.60
million
CAPITAL STRUCTURE
Authorized Capital Tk.100 million
Paid up Capital Tk.1 million
Each share value Tk.100.00 each
EXCHANGE RATE
GB Pound 1.00=Tk.129.1870
US Dollar 1.00=Tk. 68.6654
Europe Euro 1.00=Tk.
87.0154
Japanese Yen 1.00=Tk. 0.5831
Australian Dollar 1.00=Tk.
52.3228
COMMENTS
Subject is a private limited
company who is engaged in manufacturing and exporting of various types of soft
drinks. It is one of the biggest beverage manufacturer of the country and has
quite a wide range of favored drink. Their products are popular and has a good
demand in the local market. They are marketing good use of the modern media and
advertisement of their products can always be seen in the T.V. channel.
Directors are well conversant in
their line of trade. They are financially solvent and good at their business
commitments, as reported.
The company can be considered
normal for 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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