MIRA INFORM REPORT
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Report Date : |
26.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
ROBI AXIATA LIMITED |
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Formerly Known As : |
TM International (Bangladesh) |
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Registered Office : |
53 Gulshan South Avenue, Gulshan 1, Dhaka |
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Country : |
Bangladesh |
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Date of Incorporation : |
22.10.1995 |
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Com. Reg. No.: |
C-29552 |
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Legal Form : |
Public Company
With Limited Liability |
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Line of Business : |
Service Provider of GSM Mobile Phone Services |
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No. of Employees
: |
850 Persons |
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$ 140,000.00 |
|
Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Bangladesh |
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
COMPANY DETAILS
|
Name |
Robi Axiata
Limited |
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Former Name(s) |
Axiata (Bangladesh) Limited Telekom Malaysia International (Bangladesh) Limited |
|
Address |
53 Gulshan South
Avenue, Gulshan 1, Dhaka-1212 |
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Country |
Bangladesh |
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Telephone No |
880-2-9887146-52 |
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Fax No |
880-2-9885463 |
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E-Mail |
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|
Website |
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Established |
1995 |
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Company Registration No |
C-29552 |
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Registration date |
22nd
October 1995 |
|
Legal Status |
Public Company With Limited Liability |
|
Issuing Authority |
The Registrar of
Joint Stock Companies & Firms, Dhaka |
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Business Type |
Service Provider |
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Status |
Satisfactory |
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Payment Behavior |
No complaints have been heard regarding payments from
banks. |
LOCATIONS
|
Head Office |
53 Gulshan South
Avenue, Gulshan 1, Dhaka, Bangladesh |
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Telephone No |
880-2-9887146-52 |
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Fax No |
880-2-9885463 |
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E-Mail |
info@robi.com.bd |
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Website |
www.robi.com.bd |
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Branch |
4 Sylhet 4 Chittagong 4 Khulna 4 Rajshahi 4 Bogra 4 Barishal 4 Rangpur |
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Customer Care Centers |
443 across the country |
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Factory |
NIL |
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Factory Telephone No |
NIL |
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Factory Fax No |
NIL |
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Warehouse |
NIL |
DIRECTORS
|
Name |
Mr. Tan
Sri Ghazzawi Sheikh Abdul Khaled |
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Designation |
Chairman |
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Nationality |
Unknown |
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Name |
Mr.
Michael Kuehner |
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Designation |
Managing Director |
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Nationality |
Unknown |
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Name |
Mr.
Kaji Ono |
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Designation |
Director |
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Nationality |
Unknown |
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Name |
Mr.
Katsuyuki Takagi |
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Designation |
Director
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Nationality |
Unknown |
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Name |
Mr.
Donald James Rae |
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Designation |
Director
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Nationality |
Unknown |
SHAREHOLDERS
|
Name |
Mr. Tan
Sri Ghazzawi Sheikh Abdul Khaled |
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Share Percent |
25% |
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Country |
Unknown |
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Name |
Mr.
Michael Kuehner |
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Share Percent |
35% |
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Nationality |
Unknown |
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Name |
Mr.
Kaji Ono |
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Share Percent |
10% |
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Nationality |
Unknown |
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Name |
Mr.
Katsuyuki Takagi |
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Share Percent |
15% |
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Nationality |
Unknown |
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Name |
Mr.
Donald James Rae |
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Share Percent |
15% |
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Nationality |
Unknown |
BUSINESS DETAILS
|
Line of Business |
Service Provider |
|
Items Dealing In |
GSM Mobile Phone Services |
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Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
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Terms of Sale |
Local: Cash or Credit |
BANKERS
|
Name |
Standard
Chartered Bank |
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Branch |
Dilkusha Branch |
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Address |
Dilkusha C/A, Dhaka, Bangladesh |
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SWIFT |
N/A |
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Name |
Citi Bank NA |
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Branch |
Gulshan Branch |
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Address |
Gulshan, Dhaka, Bangladesh |
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SWIFT |
N/A |
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Name |
HSBC |
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Branch |
Gulshan Branch |
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Address |
Gulshan, Dhaka, Bangladesh |
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SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2010 |
2009 |
2008 |
|
Investment |
Tk.12.8 billion |
Tk.12 billion |
Tk.11 billion |
|
Turnover |
Tk.39.4 billion |
Tk.38.7 billion |
Tk.38 billion |
|
Liability |
Tk.3.4 billion |
Tk.3.7 billion |
Tk.3.9 billion |
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Assets |
Tk.11 billion |
Tk.10 billion |
Tk.10 billion |
The information provided is collected unofficially and as such its authenticity could not be guaranteed. As per Local Corporate & Tax law, a Limited Company is not bound to disclose its financial information
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.10 million |
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Paid Up Capital |
Tk.1 million |
|
Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
119.0307 |
|
U.S Dollar |
1 |
76.7000 |
|
European Euro |
1 |
102.3101 |
ADVERSE DATA MONITORING
|
Dishonored
Checks |
No Found |
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Debt |
No Found |
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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$ 140,000.00 |
90 days |
GENERAL INFORMATION
|
Employees |
850 |
|
Office Area (Sq.
Ft) |
4,800 sq.ft (rented) |
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Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
4,000 sq.ft. (rented) |
|
Range of
Services |
4 Voice Service 4 Internet 4 Data & WAP 4 Fax 4 Voice Tex Mail Services 4 Pre-Paid 4 Post-Paid 4 Music 4 Entertainment 4 Downloads 4 Internet & Data Service 4 Messaging 4 Community & Chat 4 Information Service 4 Mobile Assistance 4 Education & Career 4 Lifestyle 4 Finance 4 Balance Transfer & Request 4 Call Management |
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Name of Brand |
ROBI |
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Net Coverage Area |
Entire Bangladesh |
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Networking By |
4 Ericsson 4 Motorola |
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Present Subscribers |
4 10.5 million |
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Certifications |
NIL |
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Group Name |
NIL |
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Subsidiaries /
Affiliates |
NIL |
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Member |
4 Foreign Chamber of
Commerce & Industries, Dhaka 4 Asia
Pacific GSM Provider Association, Dhaka 4 Dhaka Chamber of Commerce &
Industries, Dhaka |
COMMENTS
The subject is a joint venture company between Axiata Group Berhad, Malaysia
and NTT Docomo Inc, Japan. It was formerly known as TM International
(Bangladesh) which commenced operations in Bangladesh in 1997 under the brand
name of Aktel. Aktel was rebranded to “Robi’ on 28 March 2010.
The Company also changed its name to Robi Axiata Limited in August 2010.
The subject draws from the international expertise of Axiata and NTT Docomo
Inc. It supports 2G voice, CAMeL Phase II & III and GPRS/ EDGE service with
high speed internet connectivity.
Its GSM service is based on a robust network architecture and cutting
edge technology which provides peace-of mind solutions in terms of voice
clarity, extensive nationwide network coverage and multiple global partners for
international roaming. It has the widest International roaming coverage in
Bangladesh connecting 600 operators across more than 200 countries. Its
customer centric solutions include value added services, quality customer care,
easy access call centers, digital network security and flexible tariffs.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.17 |
|
UK Pound |
1 |
Rs.80.64 |
|
Euro |
1 |
Rs.69.43 |
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 |
|
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 |
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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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.