MIRA
INFORM REPORT
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Report Date : |
2nd
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
AQUAMARINE LIMITED |
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Registered Office : |
Park
Plaza, Pent House (11th Floor), Plot No.31, Road No.17, Banani
Commercial Area, Dhaka-1213,, Bangladesh |
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Country : |
Bangladesh |
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Date of Incorporation : |
03.12.1975 |
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Com. Reg. No.: |
C-4670 |
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Legal Form : |
Private
Limited Company |
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Line of Business : |
Working
as Shipping Agents, Ship’s crew recruiting, Ships Chandelier. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Company Name & Address
AQUAMARINE
LIMITED
Park Plaza,
Pent House (11th Floor),
Plot No.31,
Road No.17,
Banani Commercial Area,
Dhaka-1213,
Bangladesh
Telephone : 880-2-9888369
Fax : 880-2-8827704
E-Mail : amldha@bol-ononline.com
SUMMARY
Established :
December,1975
Incorporation No. :
C-4670
Incorporation Dated :
3rd December,1975
Status :
Satisfactory
Managing Director & CEO :
Mr.Zabed Kaiser Ally
Payment :
Regular
Litigation :
Nil
Capital Invested :
Tk.25 million
Turnover :
Tk.248 million
Employees :
24
Executives-
2
Junior Executives-
3
Marketing Staffs-
6
Shipping Staffs-
6
General Staffs-
7
BANK
Standard Chartered Bank
Agrabad Commercial Area,
Chittagong
Janata Bank
Agrabad Corporate Branch,
Chittagong,
FACTORY
N/A
BRANCH
Dhaka
Chittagong
Khulna
OFFICE AREA
1,000 sq.ft. (Rented)
FACTORY AREA
N/A
WAREHOUSE AREA
N/A
DIRECTORS & SHAREHOLDERS
Mr.Syed Kaiser Ally
-Chairman
Mr.Zabed Kaiser Ally
-Managing Director
HISTORY
The subject was established in December,1975 by Mr.Syed
Kaiser Ally and other director in Chittagong city.
BUSINESS
The company is working as Shipping Agents, Ship’s crew
recruiting, Ships Chandelier.
PRODUCTION POSITION
Yearly production Capacity :
N/A
Last year Production :
N/A
ITEMS DEALING IN
Shipping Agent
MAIN FOREIGN PRINCIPALS
Ceylon Shipping Corporation, -Colombo/SriLanka
Continental Line S.A. Antwerp, -Belgium
Goldstar Lines Limited, -Hong Kong
ORS Corporation, -Karachi/ Pakistan
SISTER CONCERN
NIL
MEMBER
Chittagong Chamber of Commerce & Industries, Chittagong
LEGAL FORM
The subject is a private limited company incorporated with
the Registrar of Joint Stock of Companies Chittagong.
FINANCIAL INFORMATION
2005 2004 2003
Capital
Invested Tk.25 million Tk.25
million Tk.24
million
Turnover Tk.248 million Tk.247.5 million Tk.247.8 million
Liability
Tk.2.9 million Tk.2.2 million Tk.2.5 million
Fixed Assets
Tk.60 million Tk.60 million Tk.59 million
CAPITAL STRUCTURE
Authorized
Capital Tk.10 million
Paid up
Capital Tk.100,000.00
Each share
value Tk.100.00 each
EXCHANGE RATE
GB Pound 1.00=Tk.129.1870
US Dollar 1.00=Tk.
68.6654
Europe Euro 1.00=Tk. 87.0154
Japanese Yen 1.00=Tk. 0.5831
Australian Dollar 1.00=Tk. 52.3228
COMMENTS
Subject is a family owned private limited company engaged in
all kind of shipping business. The company represents some well reputed foreign
shipping lines in Bangladesh.
Managing director of the company is an experienced
shippingman and knows his job well. He is financially solvent and good at his
business commitments, as reported.
The company can be considered normal for business dealings
at usual trade terms and conditions.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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