MIRA INFORM
REPORT
|
Report Date : |
18.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
BEST AVIATION LIMITED |
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Registered Office : |
House No 43, Road 1/A, Block J, Baridhara Diplomatic Area, Dhaka-1212 |
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Country : |
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Date of Incorporation : |
September 1999 |
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Com. Reg. No.: |
C-37934 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Providing airlines services in domestic and international routes |
RATING & COMMENTS
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MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
US$ 50,000.00 |
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Status : |
Good |
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Payment
Behaviour : |
No Complaints |
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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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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b1 |
b1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
COMPANY DETAILS
|
Name |
Best Aviation Limited |
|
Address |
House No 43,
Road 1/A, Block J, Baridhara Diplomatic Area, Dhaka-1212 |
|
Country |
|
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Telephone No |
880-2- 8855254,
9880642, 8832554, 8813242, 9896898 |
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Fax No |
880-2- 8860248,
9881290 |
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E-Mail |
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Website |
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Established |
1999 |
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Company Registration No |
C-37934 |
|
Registration date |
September 1999 |
|
Legal Status |
Private Limited |
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Issuing Authority |
The Registrar of Joint Stock Companies, |
|
Business Type |
Service Provider |
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Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
LOCATIONS
|
Head Office |
House No 43,
Road 1/A, Block J, Baridhara Diplomatic Area, Dhaka-1212 |
|
Telephone No |
880-2- 8855254, 9880642,
8832554, 8813242, 9896898 |
|
Fax No |
880-2- 8860248,
9881290 |
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E-Mail |
|
|
Website |
www.bestairbd.com |
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Branch |
4 The Peninsula Tel: +880312850860 - 9 Cell: +8801195 061737 4 Best Aviation Bangkok Office Tel: +6622671230-4 Fax: +6622384521-2 4 Best Aviation GSA-GURU Travels Pte Ltd. #01-16/17/18 Singapore-218108. Tel: +65 2979132 / 63928406. Fax: +65 62979129 4 CSA-Asia One Network Pte Ltd. #01-16/17/18 Singapore-819478. Tel: +65 6543 2878 Fax: +65 6543 2877 4 Best Aviation Jalan Munshi Abdullah 50100 Tel: +603 26911222 Fax: +603 26916222 4 CSA-Super Six Cargo Sdn. Bhd. 60000 Tel: +603 77280003. Fax: +603 77254003 |
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Factory |
N/A |
|
Factory Telephone No |
N/A |
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Factory Fax No |
N/A |
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Warehouse |
N/A |
DIRECTORS
|
Name |
Mr. Haideruz
Zaman |
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Designation |
Chairman & Managing Director
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Nationality |
Bangladeshi |
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Name |
Mr. Aminul
Pathan |
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Designation |
Director |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Service Provider |
|
Items Dealing In |
Aviation & Tourism |
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Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
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Terms of |
Local: Cash or Credit |
BANKERS
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Name |
Standard Chartered Bank |
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Branch |
Gulshan Branch |
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Address |
Gulshan, |
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SWIFT |
N/A |
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Name |
HSBC |
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Branch |
Gulshan Branch |
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Address |
Gulshan, |
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SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2009 |
2008 |
2007 |
|
Investment |
Tk.5.7 billion |
Tk.5.7 billion |
Tk.5.4 billion |
|
Turnover |
Tk.2.8 million |
Tk.2.5 million |
Tk.2.3 million |
|
Liability |
Tk.1.4 billion |
Tk.1.8 billion |
Tk.2.1 billion |
|
Assets |
Tk.12 billion |
Tk.12 billion |
Tk.11 billion |
* The subject has flatly refused to reveal any financial information whatever shown here are collected unofficially and as such its authenticity could not be verified.
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.3 billion |
|
Paid Up Capital |
Tk.1 billion |
|
Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
|
1 |
112.7066 |
|
U.S Dollar |
1 |
71.0500 |
|
European Euro |
1 |
95.0365 |
ADVERSE DATA MONITORING
|
Dishonored
Checks |
No Found |
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Debt |
No Records Found |
|
Litigation |
No Records Found |
|
Performance
Defaults |
No Records Found |
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Adverse Press
Coverage |
No Records Found |
|
Money Laundering |
No Records Found |
MAXIMUM RECOMMENDED CREDIT
|
Amount |
Based On |
|
US$ 50,000.00 |
90 days |
GENERAL INFORMATION
|
Employees |
250 |
|
Office Area (Sq.
Ft) |
3,800 sq.ft (rented) |
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Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
2,250 sq.ft (rented) |
|
|
4 Airline for
passengers & cargos 4 Tour Operator |
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Number of Air
crafts |
4 B-737 --- 2 Nos. |
|
Routes |
INTERNATIONAL 4 Dhaka
to 4 Dhaka
to 4 Dhaka
to 4 Dhaka
to DOMESTIC 4 Dhaka
to 4 |
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Certifications |
NIL |
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Group Name |
NIL |
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Subsidiaries /
Affiliates |
NIL |
|
Member |
4Dhaka Chamber of
Commerce & Industries, 4 |
COMMENTS
The subject is a private limited company engaged in
providing airlines services in domestic and international routes. The subject
started operations in 1999 as a Helicopter operator, pioneering this service in
the country. It started its journey as a Freighter Airline beginning 2000. Best
Air has been operating different types of freighter in the Domestic &
International Sectors.
The company obtained License in 2006 from Civil Aviation
Authority of Bangladesh to operate Passenger Service in the International &
Domestic Sectors. The company currently has routes such as Kolkata, Jaipur,
The directors are well conversant in their line
of trade and they are also experienced businessman. They are reported to be
financially solvent and fair in their trade terms.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.59 |
|
|
1 |
Rs.72.31 |
|
Euro |
1 |
Rs.60.73 |
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 |
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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.