MIRA INFORM REPORT

 

 

Report No. :

336019

Report Date :

17.08.2015

 

IDENTIFICATION DETAILS

 

Name :

TRANSCOM BEVERAGE LIMITED

 

 

Registered Office :

Gulshan Tower, (10th floor) Plot# 31, Road# 53, Gulshan North, Gulshan-2, Dhaka-1212

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

26.01.2000

 

 

Com. Reg. No.:

C-39504

 

 

Legal Form :

Public (but not listed) 

 

 

Line of Business :

Subject is manufacturer, agent, marketing and distributor of soft drinks, beverages, mineral water

 

 

No. of Employee :

850

 

 

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 :

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 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Bangladesh

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

BANGLADESH - ECONOMIC OVERVIEW

 

Bangladesh's economy has grown roughly 6% per year since 1996 despite political instability, poor infrastructure, corruption, insufficient power supplies, slow implementation of economic reforms, and the 2008-09 global financial crisis and recession. Although more than half of GDP is generated through the service sector, almost half of Bangladeshis are employed in the agriculture sector with rice as the single-most-important product. Garment exports, the backbone of Bangladesh’s industrial sector, accounted for more than 80% of total exports and surpassed $18 billion in 2014. The sector has remained resilient in recent years amidst a series of factory accidents that have killed over 1,000 workers and crippling strikes that shut down virtually all economic activity. Steady garment export growth combined with remittances from overseas Bangladeshis - which totaled $14 billion and 8% of GDP in 2014 - are the largest contributors to Bangladesh’s current account surplus and rising foreign exchange holdings.

 

Source : CIA

Company Name

 

TRANSCOM BEVERAGE LIMITED

 

 

IDENTIFICATION DETAILS

Correct company Name

:

Transcom Beverage Limited

Head Office

:

Gulshan Tower, (10th floor) Plot# 31, Road# 53, Gulshan North, Gulshan-2, Dhaka-1212, Bangladesh.                                      

Tel No

:

88-02-9862220, 8834586

Fax No

:

Nil

E-mail

:

pepsidhaka@tbl.transcombd.com

Website

:

www.transcombd.com

Date/ Year of Incorporation

:

26.01.2000

Incorporation No.

:

C-39504

Legal Form (General)

:

 Public Listed Co        Public (but not listed)   Private Co   State-owned Co

 Sole Proprietorships  Partnership                     Not Registered

 others (please specify) ________________

Legal form (Specific)

:

LTD   CORP    INC  CO    

 others (please specify) ________________

Issuing Authority

:

Registrar of Joint Stock Companies & Firms      City Corporation

 Municipal Administration                                   Union Council

 Cantonment Board                                              Chief Controller of  Import & Export (CCIE)

 

 

 

FINANCIALS- SUMMARY

 

      Year

Turnover/ Sales

 Assets

     Income

July’ 12~June’ 13

BDT  485 Million

BDT  831.40 Million

BDT  18.36 Million

July’ 13~June’ 14

BDT 697 Million

BDT 868.43 Million

BDT 33.45 Million

Exchange Rate

USD1-Tk. 77.8200

EUR 1- Tk. 100.2711

GBP 1- Tk.118.5354

AUD 1 - Tk.82.8563

JPY 1 - Tk.0.9286

CAD 1 - Tk.80.1887

SEK 1 - Tk.12.2870

SGD 1 - Tk.65.3045

CNH 1 - Tk.12.8399

 

 

 

 

 

 

 

 

 

 

 

 

 

FULLCHECK REPORT DETAILS

 

                                                             Information Parted By

 

 

 

Name

:

Mr. Shazzadur Rahman Rumy

Designation

:

Asst. Manager (Commercial)

Contract No

:

88 01713 439 863

 

                                                               Locations Details

 

Operating Address

:

Gulshan Tower, (10th floor) Plot# 31, Road# 53, Gulshan North, Gulshan-2, Dhaka-1212, Bangladesh.                                      

Tel No

:

88-02-9862220, 8834586

Fax No

:

Nil

E-mail

:

pepsidhaka@tbl.transcombd.com

Website

:

www.transcombd.com

 

Location :

: Owned

 

Rented

Ö

 

Leased

 

Area

8000

Sq. ft.

 

 

Type of Office :

  :       Commercial Office Bldg.

Ö

 

Semi-commercial office Bldg.

 

      

 

Retail shop

 

 

Industrial Park

 

     

 

Business Center

 

 

Home Office

 

     

 

Residential Bldg.

 

 

 

 

 

 

Factory:

 

 

 

 

 

Address

:

Telirchala, Mouchak Kaliakair, Gazipur, Bangladesh.

Tel No

:

8802-9297917

Fax No

:

Nil

 

Factory 2:

 

 

 

 

 

Address

:

12/13 Kalurghat, 1/A, Chittagong, Bangladesh.

Tel No

:

88-031-670381

Fax No

:

Nil

 

Employee:

 

 

 

No. of Employees 

 

In Office

:

135

In Factory

:

715

In Branch:

:

-

Total

:

850

Details:

 

                    

 

 

 

OWNERSHIP/SHAREHOLDERS

 

         Names of Shareholders

                      No. of Share     

Transcom Limited

2799300

Transcom Electronics Limited

       100

Transfin Trading ltd.

      100

Trinco Limited

      100

Transcraft Limited

      100

Eskayef Bangladesh Ltd.

200100

Mr. Latifur Rahman

     100

Mr. Saifur Rahman

    100

 

 

DIRECTORS

 

Name

Designation

Mr. Golam Quddus Chowdhury

Managing Director

Mr. Latifur Rahman

Director

Mrs. Shahnaz Rahman

Director

Mr. Saifur Rahman

Director

Mr. Atiqur Rahman

Director

Mr. Simeen Hossain

Director

Mrs. Shahzreh Huq

Director

Mr. Atiqur Rahman

Director

 

 

MANAGEMENT

 

Name

:

Mr. Shazzadur Rahman Rumy

Job Description

:

Asst. Manager (Commercial)

Nationality

:

Bangladeshi

Email address

:

srrumy@tbl.transcombd.com

Other details

:

88 01713 439 863

 

 

 

Name

:

Mr. M. K. Bhoumik

Job Description

:

General Manager

Nationality

:

Bangladeshi

Email address

:

N/A

Other details

:

N/A

 

 

BUSINESS OPERATIONS

 

Nature of Activity       :

Manufacturer

Ö

Agent

Ö

Dealer

 

Distributor

Ö

 

 

 

Exporter

 

Marketing

Ö

Services

 

Others

 

 

Range of Products:

 

Products

:

Soft Drinks, Beverages, Mineral Water.

Production Capacity

:

N/A

Last Year Production

:

N/A

 

Trading Terms:

 

Purchasing Terms:

L/C

Ö

Cash

 

Others

 

 

 

Credit :

 

30 days

 

60 days

Ö

90 days

 

 

days

 

Selling Terms      :

L/C

 

Cash

Ö

Others

 

 

 

Credit :

Ö

30 days

 

60 days

 

90 days

 

 

days

 

 

DETAILED DATA

 

 

Trade Reference & Related Parties

:

 

Overseas Clients

:

N/A

Local Clients

:

N/A

 

Overseas Suppliers

:

Pepsi Co. International

Local Suppliers

:

N/A

 

Trade Markets

 

:

 

Exports

:

N/A

 

Imports

:

China, India, USA

 

Brand Name

:

Pepsi, 7UP, Miranda, Slice, Mountain Dew, Pepsi Diet and 7UP Light, Aquafina.

Certified

:

N/A

Auditors

:

N/A

Operation Status

:

Active

Member

:

N/A

 

CAPITAL STRUCTURE

 

 

Authorized Capital

:

BDT 1000 Million

 

Paid-up Capital

:

BDT  30, 00,00,000

    No. of Shares

:

30,00,000

Share Value

:

BDT 100.0Each

Main Assets

:

BDT 868.43 Million

 

 

 

FINANCIAL STATEMENT- DETAILED

 

The subject company don’t submit update full financial figure to local registry office.

 

 

 

ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES

 

Sister Concerns

:

ABC Radio

Prothom Alo

Heritage Tea

Mediastar Ltd.

The Daily Star

Trinco Limited

Media World ltd

KFC (Restaurant)

Transcraft Limited

Monipur Tea Co. Ltd.

Tea Holdings Limited

Pizza Hut (Restaurant)

Reliance Insurance Ltd

Bangladesh Lamps Ltd.

Transcom Foods Limited

Transfin Trading Limited

Transcom Cables Limited

Marina Tea Company Ltd.

Eskayef Bangladesh Limited.

M.Rahman Tea Company Ltd.

Transcom Electronics Limited

Transcom Distribution Co. Ltd

Bangladesh Electrical Industries Ltd

Subsidiary

:

Nil

Name of  The Group

:

Transcom Group 

 

 

BANKING

 

 

Bank Name  

:

Arab Bangladesh Bank Ltd.   

Bank Address

:

Motijheel Head Office,

BSB Building, 08, DIT Avenue, Dhaka

Tel:88-02- 9563011-5, 9556077, 9555586

Fax: 88-02-9556077

 

Bank Name  

:

Dhaka Bank Ltd.                                                                                   

Bank Address

:

Local Office,

Adamjee Court (GF), 115-120

Motijheel C/A, Dhaka-1000

Phone: 88-02 9556587, 9556592-3

Fax: 88-02 9556583

 

 

 

ADVERSE DATA MONITORING

 

Dishonored Checks           

 

:     

No Record Found         

Debt

 

:

No Record Found

Litigation  

                   

:

Clear         

Performance Defaults

 

:

No Record Found         

Adverse Local Media Coverage/ Adverse Filling History

:

No Record Found

 

 

SITE VISIT COMMENTARY

Our Representative Visited the subject company Head office which is situated at Gulshan Tower, (10th floor) Plot# 31, Road# 53, Gulshan North, Gulshan-2, Dhaka-1212, Bangladesh. it is situated at commercial area which is a well decorated modern office.

 

 

GENERAL COMMENTS

The subject company is engaged in manufacturer, Importer & Distributor. It is reputed company in this line of business.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.65.12

UK Pound

1

Rs.101.62

Euro

1

Rs.72.56

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

ASH

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.