|
Report No. : |
338711 |
|
Report Date : |
28.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
AST BEVERAGE LTD. |
|
|
|
|
Registered Office : |
Plot # 3/KA (New), Tejgaon I/A, Dhaka-1208 |
|
|
|
|
Country : |
Bangladesh
|
|
|
|
|
Date of Incorporation : |
11.07.2004 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacturer, Distributor, Exporter and Importer of Soft Drinks & Beverage |
|
|
|
|
No. of Employees : |
1100 |
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 and 80% of total exports, surpassed $21 billion last year,
18% of GDP. 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 almost $15
billion and 13% of GDP IN 2013, are the largest contributors to Bangladesh’s
current account surplus and record foreign exchange holdings.
|
Source
: CIA |
IDENTIFICATION DETAILS
|
||
|
|
||
|
Correct company Name |
: |
AST BEVERAGE LTD. |
|
Head Office |
: |
Plot # 3/KA (New), Tejgaon I/A, Dhaka-1208, Bangladesh. |
|
Tel No |
: |
88-02-8879301-4 |
|
Fax No |
: |
88-02-8879305-11, 8879300 |
|
E-mail |
: |
info@globe-uro.com, globepl@yahoo.com |
|
Website |
: |
www.globe-uro.com |
|
Date/ Year of Incorporation |
: |
11.07.2004 |
|
Incorporation No. |
: |
CH-5119 |
|
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 850.52 Million |
BDT 1402.27 Million |
BDT 34.60 Million |
|
July’ 13~June’
14 |
BDT
1141.25 Million |
BDT 1631.50 Million |
BDT
45.64 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. Didurul Alam |
|
Designation |
: |
Executive(Commercial
) |
|
Contract No |
: |
N/A |
|
Locations
Details |
||
|
Operating Address |
: |
Plot # 3/KA (New), Tejgaon I/A, Dhaka-1208, Bangladesh. |
|
Tel No |
: |
88-02-8879301-4 |
|
Fax No |
: |
88-02-8879305-11, 8879300 |
|
E-mail |
: |
info@globe-uro.com, globepl@yahoo.com |
|
Website |
: |
www.globe-uro.com |
|
Location : |
: Owned |
|
Rented |
Ö |
|
Leased |
|
Area |
4800 |
Sq. ft. |
|
Type of Office : |
:
Commercial Office Bldg. |
|
|
Semi-commercial
office Bldg. |
|
|
|
Retail shop |
|
|
Industrial Park |
|
|
|
|
Business Center |
|
|
Home Office |
|
|
|
|
Residential Bldg. |
Ö |
|
|
|
|
|
Factory: |
|
|
|
Address |
: |
Shimrail, Shiddhirganj, Narayanganj,
Bangladesh.
|
|
Tel No |
: |
88-02-7691702, 7691593 |
|
Fax No |
: |
Nil |
|
Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
2.5 |
Acores |
|
Branches: |
|
|
|
Address |
: |
Nil |
|
Tel No |
: |
Nil |
|
Fax No |
: |
Nil |
|
Employee: |
|
|||||||
|
|
|
|||||||
|
No. of Employees |
In Office |
: |
80 |
In Factory |
: |
570 |
||
|
Marketing |
: |
450 |
Total |
: |
1100 |
|||
|
Details: |
|
|
|
|||||
OWNERSHIP/SHAREHOLDERS
|
|
|
Names of Shareholders |
No. of
Share |
|
Mr. Harunur Rashid |
1692041 |
|
Mrs. Shazeda Rashid |
843538 |
|
Mr. Md. Mamunur Rashid |
843538 |
|
Mr. Md. Shahiduddin Alamgir |
843538 |
|
Mr. Ahmed Hossain |
421971 |
|
Mr. Sirajul Islam |
421971 |
|
Globe Fisheries Limited |
600 |
DIRECTORS
|
|
|
Name |
Designation |
|
Mr. Harunur Rashid |
Chairman |
|
Mr. Ahmed Hossain |
Managing Director |
|
Mrs. Shazeda Rashid |
Director |
|
Mr. Md. Mamunur Rashid |
Director |
|
Mr. Md. Shahiduddin Alamgir |
Director |
|
Mr. Sirajul Islam |
Director |
MANAGEMENT
|
||
|
Name |
: |
Mr. Md. Jasim
Uddin |
|
Job Description |
: |
General Manager
(Factory) |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
N/A |
|
Other details |
: |
N/A |
|
Name |
: |
Mr. Md. Sofiul
Alam |
|
Job Description |
: |
Head of Accounts |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
N/A |
|
Other details |
: |
N/A |
|
Name |
: |
Mr. Didurul Alam |
|
Job Description |
: |
Executive(Commercial
) |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
N/A |
|
Other details |
: |
N/A |
BUSINESS
OPERATIONS
|
||||||||
|
Nature of Activity : |
Manufacturer |
Ö |
Trader |
|
Dealer |
|
Distributor |
Ö |
|
|
|
|||||||
|
|
Exporter |
Ö |
Importer |
Ö |
Services |
|
Others |
|
|
Range of
Products: |
||
|
|
||
|
Products |
: |
Soft Drinks & Beverage |
|
Production Capacity |
: |
80,000 Liters per hour |
|
Last Year Production |
: |
Do |
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 |
: |
N/A |
Local Suppliers |
: |
N/A |
|
||||
|
Trade Markets |
: |
Exports |
: |
South-East Asia, Middle-East and Africa |
|
|||||
|
Imports |
: |
China, India |
|
|||||||
|
|
|
|||||||||
|
Brand Name |
: |
Royel Tiger, Fizz-Up, Mangolee, Black Hors,
Lychena, |
||||||||
|
Certified |
: |
N/A |
||||||||
|
Auditors |
: |
N/A |
||||||||
|
Operation Status |
: |
Active |
||||||||
|
Member |
: |
N/A |
||||||||
CAPITAL STRUCTURE
|
|
||||||||
|
Authorized
Capital |
: |
BDT 1500 Million |
|
||||||
|
Paid-up Capital |
: |
BDT 506, 719,700 |
No. of Shares |
: |
50, 67,197 |
Share
Value |
: |
BDT 100.0Each |
|
|
Main Assets |
: |
BDT 1631.50 Million |
|
||||||
FINANCIAL
STATEMENT- DETAILED
|
|
The subject company don’t submit update full
financial figure to local registry office. |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
|
||
|
Sister Concerns |
: |
Globe Drugs Ltd. Getex Plastic Ltd. Globe Agrovet Ltd. Globe Fisheries Ltd. Globe Beverage Ltd. Globe Soft Drinks Ltd. Globe Pharmaceuticals Limited Globe Biscuit & Dairy Milk limited |
|
Subsidiary |
: |
Nil |
|
Name of The Group |
: |
Globe Pharmaceuticals Group of Companies Ltd. |
BANKING
|
|
|
|
Bank Name
|
: |
National Bank Ltd. |
|
Bank Address |
: |
Dilkusha Branch. 48, Dilkusha Commercial Area, Dhaka - 1000 Phone: 880-2-7168729-31 |
|
Bank Name
|
: |
Pubali Bank Ltd. |
|
Bank Address |
: |
Farmgate Branch |
|
Bank Name
|
: |
Prime Bank Ltd. |
|
Bank Address |
: |
Mirpur
Branch |
|
Bank Name
|
: |
One Bank Ltd. |
|
Bank Address |
: |
Principal Branch |
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 House # 251/L, Road # 13/A, Dhanmondi R/A, Dhaka-1209, Bangladesh. It is
situated at Residential area which is a well decorated modern office. |
GENERAL
COMMENTS
|
|
The subject company is a well-known reputed company in
Bangladesh. Their products popular to
the local customers. So day by day
the subject companies increase their goodwill. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.06 |
|
|
1 |
Rs.102.35 |
|
Euro |
1 |
Rs.74.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
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.