Business Information Report

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BUSINESS INFORMATION REPORT
ON
DUBAI REFRESHMENTS PSC
GENERAL INFORMATION
Client / SAMPLE
Client’s Reference No: / SAMPLE
RL No / SAMPLE
Service Type: / SAMPLE
Inquiry Date / SAMPLE
Due Date: / SAMPLE
Delivery Date: / SAMPLE
INQUIRY DETAILS
Name Given / Dubai Refreshments PSC
Address Given / P. O. Box 420, Dubai, United Arab Emirates
Tel No Given / NIL
Fax No Given / NIL
E-Mail Given: / NIL
COMPANY DETAILS
Name / Dubai Refreshments PSC
Address / P. O. Box 420, Dubai,
Country / United Arab Emirates
Telephone No / 00971-4-3393000
Fax No / 00971-4-3381684
E-Mail /
Website / www.pepsidrc.com
Established / 1959
Legal Status / Public Limited
Business Type / Manufacturer
Status / Satisfactory
Payment Behavior / No complaints have been heard regarding payments
from local suppliers or banks.
LOCATIONS
Head Office / Sheikh Zayed Rd. 2nd Interchange, beside Al Yousuf Motors, Dubai, UAE
Telephone No / 00971-4-3393000
Fax No / 00971-4-3381684
E-Mail /
Website / www.pepsidrc.com
Liaison Office / NIL
Factory (Plant-1) / Sheikh Zayed Rd. 2nd Interchange, beside Al Yousuf Motors, Dubai, UAE
Factory Telephone No / 00971-4-3393000
Factory Fax No / 00971-4-3381684
Factory (Plant-2) / Dibba
Factory Telephone No / 00971-9-2442221
Factory Fax No / 00971-9-2442226
Warehouse / Industrial Area 13, Behind Al Shoala School,
Sharjah
Telephone: 00971 6 5441900
Email:
Airport road, Fillaya Area
P.O. Box 5694, Ras Al Khaimah
Telephone: 00971 7 2442516
Fax: 00971 7 2442517
Email:
DIRECTORS
Name / Mr. Ahmad Bin Eisa Al Serkal
Designation / Chairman
Nationality / Arabian
Name / Mr.Ali Humaid Al Owais
Designation / Vice Chairman
Nationality / Arabian
Name / Mr. Mana Mohammed S. Al Mulla
Designation / Managing Director
Nationality / Arabian
Name / Mr. Mohamed Abdul Aziz Al Owais,
Designation / Director
Nationality / Arabian
Name / Mr. Muhannad Saif Abdul Rahman Al Ashram
Designation / Director
Nationality / Arabian
Name / Mr. Ibrahim Abdul Razaq Mohd Ustadi
Designation / Director
Nationality / Arabian
Name / Mr. Mohamed Hadi Ahmed Al Hussaini
Designation / Director
Nationality / Arabian
BUSINESS DETAILS
Line of Business / Manufacturer
Items Dealing In / Soft Drinks
Terms of Purchase / Local: Cash or Credit
Import: Against L/C
Terms of Sale / Local: Cash or Credit
Export: Against L/C
FINANCIAL INFORMATION

BALANCE SHEET AS AT 31st DECEMBER 2009

(In Thousand Arab Emirates Dirham)

ASSETS
Current assets
Cash and cash equivalents / 80,624
Fixed deposit under lien / 10,205
Inventories / 38,953
Trade and other receivables / 62,166
Due from related parties / 10,247
Financial assets at fair value through profit or loss / -
Total current assets / 202,195
Non-current assets
Property, plant and equipment / 107,813
Intangible assets / 41,334
Due from related parties / 6,500
Available-for-sale financial assets / 56,955
Total non-current assets / 212,602
Assets of disposal group classified as held-for-sale / -
Total Assets / 414,797
LIABILITIES AD SHAREHOLDERS’ EQUITY
Current liabilities
Bank borrowings / 8,999
Trade and other payables / 91,670
Due to related parties / 4,628
Total current liabilities / 105,297
Non-current liabilities
Provision for employees’ end of service indemnity / 10,174
Total Liabilities / 115,471
Capital and reserves
Share capital / 60,000
Statutory reserve / 24,682
General reserve / 7,062
Dividend equalization reserve / 31,962
Plant replacement reserve / 45,200
Fair value reserve / 45,085
Retained earnings / 85,335
Total Shareholders’ Equity / 299,326
Total Liabilities and Shareholders’ Equity / 414,797

INCOME STATEMENT AS AT 31st DECEMBER 2009

(In Thousand Arab Emirates Dirham)

Sales / 698,847
Cost of sales / ( 530,770)
Gross profit / 168,077
Other operating income / 2,936
171,013
Expenses
Selling and distribution expenses / (98,889)
General and administrative expenses / (38,530)
Amortization of intangible assets / ( 3,117)
Operating profit / 30,477
Dividend income / 2,066
Other income / 1,227
Gain on disposal of available-for-sale financial assets / 134
Interest expense / ( 1,794)
Profit for the year / 32,110
Earning per share – AED (basic and diluted) / 0.54

EXCHANGE RATE

Currency / Unit / Bangladeshi Taka (BDT)
Great Britain Pound / 1 / 119.3260
U.S Dollar / 1 / 74.2400
European Euro / 1 / 107.8856
ADVERSE DATA MONITORING
Dishonored Checks / No Records 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
RL CREDIT RATING
A+
91-100 / A+ / Excellent / The company is very strong. Capable of meeting its financial obligations. Absolutely no risk exists
MAXIMUM RECOMMENDED CREDIT
Amount / Based On
US$ 200,000.00 / 90 days
GENERAL INFORMATION
Employees / 1000+
Range of Products / 4 Carbonated Soft Drinks
4 Non-Carbonated Soft Drinks
4 Mineral Water
Brands / CARBONATED
4 Pepsi
4 Pepsi Max
4 Pepsi Diet
4 Mirinda Green Apple
4 Mirinda Vit C.
4 Mirinda Citrus
4 7up Regular
4 7up Free
4 Mountain Dew
4 Evervess
4 Shani Regular
NON- CARBONATED
4 Lipton Ice
4 Lipton Ice Tea - Peach
4 Lipton Ice Tea – Lemon
MINERAL WATER
4 Aquafina Pure Drinking Water
4 Aquafina Sparkling Water
Export Market / 4 Africa
4 Central Asia
4 Gulf Countries
Certifications / ISO 9001
ISO 14001
Subsidiaries / Affiliates / 4 Jeema Mineral Water PSC
COMMENTS

The subject is a United Arab Emirates-based public limited company which is a franchisee and distributor of Pepsi Cola International in Dubai, Sharjah and the northern Emirates.

The company is engaged in canning, bottling, distributing, and trading soft drinks and related beverage products in the United Arab Emirates

The subject's product range is divided into two divisions, namely carbonated soft drinks, which include such brands as Pepsi, Mirinda, Mountain Dew etc and non-carbonated soft drinks, such as Lipton Ice Tea etc. The subject also exports its products internationally.

END OF REPORT
RL CREDIT RATING SCORES
Score / Rating /

Summary

/ Description
91-100 / A+ / Excellent / The company is very strong. Capable of meeting its financial obligations. Absolutely no risk exists
76-90 / A / Very Good / The company is quite healthy financially and is capable of repaying the principal sum and interest within the due time.
61-75 / B+ / Good / The company is okay for normal business engagements under usual trade terms
46-60 / B / Average / The company is quite stable but may be vulnerable to sudden financial crisis.
31-45 / C+ / Poor / The company is operational but the financial condition is not very satisfactory.
16-30 / C / Very Poor / The company’s financial condition is shaky. Default risk exists.
1-15 / U / Default / High Risk Exists. Caution is advised to be taken before entering into any business transactions with the company.