|
Report Date : |
10.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
ORASCOM TELECOM ( |
|
|
|
|
Formerly Known As : |
Sheba Telecom Pvt.
Ltd |
|
|
|
|
Registered Office : |
Banglalink, Tigers’ Den, Plot4, SW (H) Gulshan
Avenue, Gulshan, Dhaka 1212 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
2010 |
|
|
|
|
Date of Incorporation : |
25.06.1995 |
|
|
|
|
Com. Reg. No.: |
C-28679 |
|
|
|
|
Legal Form : |
Public Company With Limited Liability |
|
|
|
|
Line of Business : |
GSM Mobile Phone Service |
|
|
|
|
No. of Employees : |
2,196 |
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 |
|
Status : |
Good |
|
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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Bangladesh |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Name |
Orascom Telecom (Bangladesh) Limited |
|
Former Name |
Sheba Telecom Pvt. Ltd (Date of Change: 2004) |
|
Address |
Banglalink, Tigers’ Den, Plot-4, SW (H) Gulshan Avenue, Gulshan, Dhaka
1212, |
|
Country |
Bangladesh |
|
Telephone No |
880-191310900 |
|
Fax No |
880-2-8827265 |
|
E-Mail |
|
|
Website |
|
|
Established |
1995 |
|
Commercial Operation From |
June 1996 |
|
Company Registration No |
C-28679 |
|
Registration date |
25th
June 1995 |
|
Legal Status |
Public Company With Limited Liability |
|
Issuing Authority |
The Registrar of
Joint Stock Companies & Firms, Dhaka |
|
Business Type |
GSM Mobile Phone Service |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
banks. |
|
Head Office |
Banglalink, Tigers’ Den, Plot4, SW (H) Gulshan Avenue, Gulshan, Dhaka 1212,
Bangladesh |
|
Telephone No |
880-191310900 |
|
Fax No |
880-2-8827265 |
|
E-Mail |
|
|
Website |
|
|
Branch |
4 Sylhet 4 Chittagong 4 Khulna 4 Rajshahi 4 Bogra 4 Barishal 4 Rangpur |
|
Factory |
NIL |
|
Factory Telephone No |
NIL |
|
Factory Fax No |
NIL |
|
Warehouse |
NIL |
|
Name |
Mr.
Naguib Sawiris |
|
Designation |
Chairman |
|
Nationality |
Egyptian |
|
|
|
|
Name |
Mr.
Ahmed Abou Doma |
|
Designation |
Managing Director |
|
Nationality |
Egyptian |
|
|
|
|
Name |
Mr.
Ragy Soliman |
|
Designation |
Director |
|
Nationality |
Egyptian |
|
|
|
|
Name |
Mr.
Khaled Galal Bishara |
|
Designation |
Director
|
|
Nationality |
Egyptian |
|
Name |
Orascom Telecom
Ventures Limited |
|
Share Percent |
99.99998% |
|
Country |
Egypt |
|
|
|
|
Name |
Mr. Naguib
Sawiris |
|
Share Percent |
0.000004% |
|
Nationality |
Egyptian |
|
|
|
|
Name |
Mr. Afzal Husain
Choudhury |
|
Share Percent |
0.000004% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Ahmed Abu
Doma |
|
Share Percent |
0.000004% |
|
Nationality |
Egyptian |
|
|
|
|
Name |
Mr. Mohammad
Osman |
|
Share Percent |
0.000004% |
|
Nationality |
Egyptian |
|
|
|
|
Name |
Mr. Rashid Khan |
|
Share Percent |
0.000004% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Ezzeldin M
Heikal |
|
Share Percent |
0.000004% |
|
Nationality |
Egyptian |
|
Line of Business |
GSM Mobile Phone Service |
|
Items Dealing In |
Mobile Phone Services |
|
Terms of Purchase |
N/A |
|
Terms of Sale |
Local: Cash or Credit |
|
Name |
Standard
Chartered Bank |
|
Branch |
Dilkusha Branch |
|
Address |
Dilkusha C/A, Dhaka, Bangladesh |
|
SWIFT |
N/A |
|
|
|
|
Name |
Citi Bank NA |
|
Branch |
Gulshan Branch |
|
Address |
Gulshan, Dhaka, Bangladesh |
|
SWIFT |
N/A |
|
|
|
|
Name |
HSBC |
|
Branch |
Gulshan Branch |
|
Address |
Gulshan, Dhaka, Bangladesh |
|
SWIFT |
N/A |
Balance
Sheet
As
At 2010
Currency:
BDT (In Thousand)
|
Assets: |
2010 |
|
Property,
Plant and Equipment (at cost less dep) |
55,574,171 |
|
Project under construction |
10,789,050 |
|
Intangible assets |
2,392,515 |
|
Inter company receivables |
13,978 |
|
Other non current assets |
73,294 |
|
Current assets |
6,418,35 |
|
Total Assets |
75,261,443 |
|
Equity & Liabilities: |
|
|
Share Capital |
42,951,232 |
|
Share money deposit |
4,652,549 |
|
Retained earnings/(loss) |
(28,752,061) |
|
Long term loan |
16,908,879 |
|
Inter company payable |
3,587,777 |
|
Current liabilities |
35,913,067 |
|
Total Equity & Liabilities |
75,261,443 |
|
Authorized
Capital |
Tk.70 billion |
|
Paid Up Capital |
Tk.47,603,779,960.00 |
|
Each Share Value |
Tk.10.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
127.6310 |
|
U.S Dollar |
1 |
81.8200 |
|
European Euro |
1 |
102.5286 |
|
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 |
|
Employees |
2,196 |
|
Office Area (Sq.
Ft) |
5,800 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
4,000 sq.ft. (rented) |
|
Range of
Services |
4 Normal mobile phones 4 Internet 4 Data & WAP 4 Fax 4 Voice Tex Mail Services 4 Pre-Paid 4 Post-Paid 4 Banglalink Phonebackup 4 Blood Bank 8008 4 Golpo Chora Gaan 4 Vehicle Tracking: NTrack 4 Friend Finder 4 Amar Tune 4 Stock Info 4 Banglalink Jigyasha 4 Banglalink Messenger 4 Call Block 4 Banglalink Internet 4 Healthlink 4 Song Dedication 4 Music Station 5858 4 Voice Portal 4848 4 Missed Call Alert |
|
Name of Brand |
4 BANGLALINK |
|
Net Coverage Area |
4 Entire Bangladesh |
|
Networking By |
4 Ericsson 4 Motorola |
|
Present Subscribers |
4 14.22 million (As of march 2010) |
|
Certifications |
NIL |
|
Group Name |
NIL |
|
Subsidiaries /
Affiliates |
4 Ring Distribution (Pvt.) Limited |
|
Member |
4 Foreign Chamber of
Commerce & Industries, Dhaka 4 Asia
Pacific GSM Provider Association, Dhaka 4 Dhaka Chamber of Commerce &
Industries, Dhaka |
|
Business Scale |
Large |
|
Business Trend |
Growing |
|
Management Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.02 |
|
UK Pound |
1 |
Rs.86.78 |
|
Euro |
1 |
Rs.68.83 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.