|
Report No. : |
308154 |
|
Report Date : |
17.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
AKIJ FOOD AND BEVERAGE LTD. |
|
|
|
|
Registered Office : |
Akij Chamber, 73, Dilkusha C/A, Dhaka-1000 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
03.09.2000 |
|
|
|
|
Com. Reg. No.: |
C-41201 |
|
|
|
|
Legal Form : |
Private Co |
|
|
|
|
Line of Business : |
Manufacturer and Distributor of Snacks, Beverages, Energy Drink, Cola, Lemon, Juice, Milk |
|
|
|
|
No of Employees : |
631 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Bangladesh |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
: |
Akij Food And Beverage Ltd. |
|
Head Office |
: |
Akij Chamber, 73, Dilkusha C/A, Dhaka-1000, Bangladesh. |
|
Tel No |
: |
88-02-9552262 |
|
Fax No |
: |
88-02-9564519, 9569537 |
|
E-mail |
: |
info@akij.net, pulok.afbl@akij.net |
|
Website |
: |
www.akijfood.com |
|
Date/ Year of Incorporation |
: |
03.09.2000 |
|
Incorporation No. |
: |
C-41201 |
|
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 287 Million |
BDT 5241.05 Million |
BDT 14.35 Million |
|
July’ 13~June’
14 |
BDT 361 Million |
BDT 5392.35 Million |
BDT 18.05 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. Shafiqul
Islam Tushar |
|
Designation |
: |
Asst. General
Manager (Brand) |
|
Contract No |
: |
- |
|
Locations Details |
||
|
|
||
|
Operating Address |
: |
Akij Chamber, 73, Dilkusha C/A, Dhaka-1000, Bangladesh. |
|
Tel No |
: |
88-02-9552262 |
|
Fax No |
: |
88-02-9564519, 9569537 |
|
E-mail |
: |
info@akij.net, pulok.afbl@akij.net |
|
Website |
: |
www.akijfood.com |
|
Location : |
: Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
6500 |
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 |
: |
Krishnapura, Barbariea, Dhamrai, Dhaka,
Bangladesh. |
|
Tel No |
: |
Nil |
|
Fax No |
: |
Nil |
|
Owned |
Ö |
|
Rented |
|
|
Leased |
|
Area |
10 |
Acores |
|
Corporate Address: |
||
|
|
|
|
|
Address |
: |
13/1/Ka, Panthapath, Dhaka-1205,
Bangladesh.
|
|
Tel No |
: |
88-02-9140251, 9140597 |
|
Fax No |
: |
88-02-9140597 |
|
Employee: |
|
|||||||
|
|
|
|||||||
|
No. of Employees |
In Office |
: |
31 |
In Factory |
: |
600 |
||
|
In Branch: |
: |
- |
Total |
: |
631 |
|||
|
Details: |
|
|
|
|||||
OWNERSHIP/SHAREHOLDERS
|
|
|
Names of Shareholders |
No. of
Share |
|
Mr. Sk. Nasiruddin |
470240 |
|
Mr. Sk. Bashiruddin |
470240 |
|
Mr. Sk. Jamiluddin |
470240 |
|
Mr. Sk. Jasimuddin |
470240 |
|
Mr. Sk. Shamimuddin |
470240 |
DIRECTORS
|
|
|
Name |
Designation |
|
Mr. Sk. Nasiruddin |
Chairman |
|
Mr. Sk. Bashiruddin |
Managing Director |
|
Mr. Sk. Jamiluddin |
Director |
|
Mr. Sk. Jasimuddin |
Director |
|
Mr. Sk. Shamimuddin |
Director |
MANAGEMENT
|
||
|
Name |
: |
Mr. Shafiqul
Islam Tushar |
|
Job Description |
: |
Asst. General
Manager (Brand) |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
N/A |
|
Other details |
: |
N/A |
|
|
|
|
|
Name |
: |
Mr. Maidul Hossain |
|
Job Description |
: |
Executive (Brand) |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
N/A |
|
Other details |
: |
N/A |
|
Name |
: |
Mr. Tuhin Sultan |
|
Job Description |
: |
Officer (Brand) |
|
Nationality |
: |
Bangladeshi |
|
Email address |
: |
N/A |
|
Other details |
: |
N/A |
BUSINESS
OPERATIONS
|
||||||||
|
Nature of Activity : |
Manufacturer |
Ö |
Trader |
|
Dealer |
|
Distributor |
Ö |
|
|
|
|||||||
|
|
Exporter |
|
Importer |
|
Services |
|
Others |
|
|
Range of
Products: |
||
|
|
||
|
Products |
: |
Snacks, Beverages, Energy Drink, Cola,
Lemon, Juice, Milk |
|
Production Capacity |
: |
Nil |
|
Last Year
Production |
: |
Nil |
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 |
: |
N/A |
|
||||||
|
Imports |
: |
China, India, Germany, Japan. |
|
||||||||
|
|
|
||||||||||
|
Brand Name |
: |
Spa, Clemon, Speed, MOJO, Frutika, Potato, Cheese
Puffs, Lemu |
|||||||||
|
Certified |
: |
N/A |
|||||||||
|
Auditors |
: |
N/A |
|||||||||
|
Operation Status |
: |
Active |
|||||||||
|
Member |
: |
N/A |
|||||||||
CAPITAL STRUCTURE
|
|
||||||||
|
Authorized
Capital |
: |
Tk. 250 Crore |
|
||||||
|
Paid-up Capital |
: |
Tk. 2,35,12,00,000 |
No. of Shares |
: |
2351200 |
Share
Value |
: |
Tk.1000.00Each |
|
|
Main Assets |
: |
Tk. 5392.35 Million |
|
||||||
FINANCIAL
STATEMENT- DETAILED
|
|
The subject company don’t submit update full
financial figure to local registry office. |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
|
||
|
Sister Concerns |
: |
Akij Textile Mills Ltd. Dhaka Tobacco Industries Akij Food & Beverage Ltd. Akij Jute Mills Ltd Akij Particle Board Mills Ltd. Akij Cement Company Ltd. Dhaka Tobacco Industries Ltd. Leaf Processing Plant Akij Shipping Ltd. Akij Corporation Ltd. Akij Printing & Packages Ltd. Akij Poly Fibre Ltd. Akij Match Factory Ltd. Akij Transport Agency Ltd. Akij Online Ltd Akij Match Factory Ltd. Akij Jarda Factory Ltd. Akij Biri Factory Ltd. Akij Pharmaceuticals Ltd. Saf Industries Ltd. Akij Clorite Ltd. Nebula Ink Ltd. Savar Industries (Pvt.) Ltd Akij Securities Ltd Akij Footwear Ltd. Akij Housing Ltd. Akij Computer Ltd. Sonar Bangla Cement Ltd. DTI Leaf Purchasing Centre Ad-Din Welfare Trust Ad-Din Hospital Akij Foundation School Seikh Akij Uddin High School Ad-Din Shishu Kishore Niketon Akij Cement Ready Mix Concrete |
|
Subsidiary |
: |
Nil |
|
Name of The Group |
: |
Akij Group |
BANKING
|
|
|
|
Bank Name
|
: |
Islami Bank
Bangladesh Ltd. |
|
Bank Address |
: |
Head Office Motijheel Branch 23, Motijheel C/A Dhaka-1000 Bangladesh PABX: 880 2 9550060 Facsimile: 880 2 9562236, 9570858 Telex: 642611 CITIBJ SWIFT: CITIBDDX |
|
|
||
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 Akij Chamber, 73, Dilkusha C/A, Dhaka-1000, Bangladesh. The
subject company Junior Officer Mr. Md. Khaled given us all information. Is
situated at commercial area which is a well decorated modern office. |
GENERAL
COMMENTS
|
|
Based on the financial statements, SC’s financial performance appears
to be average. SC has been in its line of business for about 14 years. Taking
into account its long-standing history, reputation in the market, as well as
its financial condition, we recommend that credit may proceed in moderate
amounts. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.20 |
|
|
1 |
Rs. 95.99 |
|
Euro |
1 |
Rs. 71.00 |
INFORMATION DETAILS
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
DPT |
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.