MIRA INFORM
REPORT
|
Report Date : |
02.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
GLOBAL BEVERAGE COMPANY LIMITED |
|
|
|
|
Registered
Office : |
Awal Centre (10th Floor) 34 Kemal Ataturk Avenue, Banani,
Dhaka-1213 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
18.06.1999 |
|
|
|
|
Com. Reg. No.: |
C-36069 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Bottling & Distributing of beverages |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
US$ 25,000.00 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment
Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Bangladesh |
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
COMPANY DETAILS
|
Name |
Global Beverage
Company Limited Note: The subject operates by this name. |
|
Registered Address |
Awal Centre (10th
Floor) 34 Kemal Ataturk Avenue, Banani, Dhaka-1213 Note: The subject
operates from this address. |
|
Country |
Bangladesh |
|
Telephone No |
880-2-8816991,
8860194, 8831704 |
|
Fax No |
880-2-9891759 |
|
E-Mail |
|
|
Website |
|
|
Established |
1999 |
|
Registration No |
C-36069 |
|
Registration Date |
18th June 1999 |
|
Legal Status |
Private
Limited |
|
Issuing Authority |
The Registrar of
Joint Stock Companies & Firms, Dhaka
|
|
Business Type |
Bottler &
Distributor |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
LOCATIONS
|
Head Office |
Awal Centre (10th
Floor) 34 Kemal Ataturk Avenue, Banani, Dhaka-1213 |
|
Telephone No |
880-2-8816991,
8860194, 8831704 |
|
Fax No |
880-2-9891759 |
|
E-Mail |
|
|
Website |
www.ahlbd.com |
|
Branch |
NIL |
|
Factory |
Gazipur, Dhaka,
Bangladesh |
|
Factory Telephone No |
NIL |
|
Factory Fax No |
NIL |
|
Warehouse |
Gazipur, Dhaka,
Bangladesh |
DIRECTOR
|
Name |
Ms. Sobera Ahmed Rizvi |
|
Designation |
Chairperson |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Syed Ali Jowher Rizvi |
|
Designation |
Managing
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Syed Yasser Haider Rizvi |
|
Designation |
Deputy Managing
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Syed Nasser Haider Rizvi |
|
Designation |
Deputy Managing
Director |
|
Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Ms. Sobera Ahmed Rizvi |
|
Share Percentage |
30% |
|
Country |
Bangladeshi |
|
|
|
|
Name |
Mr. Syed Ali Jowher Rizvi |
|
Share Percentage |
30% |
|
Country |
Bangladeshi |
|
|
|
|
Name |
Mr. Syed Yasser Haider Rizvi |
|
Share Percentage |
20% |
|
Country |
Bangladeshi |
|
|
|
|
Name |
Mr. Syed Nasser Haider Rizvi |
|
Share Percentage |
20% |
|
Country |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Bottler &
Distributor |
|
Items Dealing In |
Beverages |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit Export: Against L/C |
FINANCIAL INFORMATION
|
Year |
2010 |
2009 |
2008 |
|
Investment |
Tk.32 million |
Tk.32 million |
Tk.30 million |
|
Turnover |
US$ 397.5 million |
Tk.297 million |
Tk.295 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
US$ 44 million |
Tk.44 million |
Tk.42 million |
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.20 million |
|
Paid Up Capital |
Tk.2 million |
|
Each Share Value |
Tk.100 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
122.7395 |
|
U.S Dollar |
1 |
74.7500 |
|
European Euro |
1 |
107.5354 |
ADVERSE DATA MONITORING
|
Dishonored
Checks |
No Found |
|
Debt |
No Records Found |
|
Litigation |
No Records Found |
|
Performance
Defaults |
No Records Found |
|
Adverse Press
Coverage |
No Records Found |
|
Money Laundering |
No Records Found |
MAXIMUM RECOMMENDED CREDIT
|
Amount |
Based On |
|
US$ 25,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
320 |
|
Range of
Products |
4 Virgin Colors 4 Zam Zam Coke 4 Shark Energy
Drinks 4 Virgin Pure
Water |
|
Sole Distributor
of |
4 Virgin Soft Drinks, UKA 4 Shark Energy
Drinks, Thailand 4 Zam Zam, Iran |
|
Export Market |
4 India 4 Middle East |
|
Certifications |
4 ISO 9001:2000 |
|
Group Name |
4 Alliance Group |
|
Subsidiaries /
Affiliates |
4 Alliance
Properties Limited 4 Alliance TG
Supply Limited 4 Alliance Media
Limited 4 Ejab Alliance
Limited 4 PEB Steel
Alliance Limited 4 Ocean
Containers Limited 4 Summit Alliance
Port Limited 4 Summit Pipeco
Limited 4 Alliance Knit
Composite Limited 4 Union
Accessories Limited 4 Union Knitting
& Dyeing Limited |
|
Member |
4 Dhaka Chamber
of Commerce & Industries, Dhaka |
COMMENTS
The subject is a private
limited company that is engaged in bottling & distributing of beverages in
local market. The subject also engaged in exporting of its products to India
& Middle East. The subject is the franchise holder in Bangladesh of Virgin
Soft Drinks, UK, Zam Zam, Iran and Shark Energy Drinks, Thailand. The subject
is a subsidiary of Alliance Group.
The directors are very experienced people in this line of trade. They
are reported to be fair in their trade terms and well reputed in the trading
circle.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.05 |
|
UK Pound |
1 |
Rs.72.40 |
|
Euro |
1 |
Rs.63.46 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.