MIRA INFORM REPORT
|
Report Date : |
12.03.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
THREE ANGLE MARINE LIMITED |
|
|
|
|
Registered Office : |
28/C-1, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
28.06.2004 |
|
|
|
|
Com. Reg. No.: |
C-81726 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Designing, Constructing of ship & other marine vessels. |
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 |
|
Maximum Credit Limit : |
US$ 35,000.00 |
|
|
|
|
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, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
COMPANY DETAILS
|
Name |
Three Angle Marine Limited Note: The subject operates by this name. |
|
Address |
28/C-1, |
|
Country |
|
|
Telephone No |
880-2-7125659 |
|
Fax No |
880-2-7125659 |
|
E-Mail |
|
|
Website |
|
|
Established |
2004 |
|
Company Registration No |
C-81726 |
|
Registration date |
28th
June 2004 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
The Registrar of joint Stock Companies & Firms, |
|
Business Type |
Design,
Construction & Training |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
LOCATIONS
|
Head Office |
28/C-1, |
|
Telephone No |
880-2-7125659 |
|
Fax No |
880-2-7125659 |
|
E-Mail |
|
|
Website |
|
|
Branch |
NIL |
|
Factory |
N/A |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
N/A |
DIRECTORS
|
Name |
Mrs. Sabenoor Rashid |
|
Designation |
Chairman |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Engr. Mohammed Aminul Islam |
|
Designation |
Managing
Director |
|
Nationality |
Bangladeshi |
SHAREHOLDERS
|
Name |
Mrs. Sabenoor Rashid |
|
Share Percent |
50% |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Engr. Mohammed Aminul Islam |
|
Share Percent |
50% |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Design,
Construction & Training |
|
Items Dealing In |
Ships and other
Aquatic Vessels |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of |
Local: Cash or credit Export: Against L/C |
BANKERS
|
Name |
Prime Bank Ltd |
|
Branch |
Motijheel Branch |
|
Address |
Motijheel Commercial Area, |
|
SWIFT |
N/A |
|
|
|
|
Name |
Standard
Chartered Bank |
|
Branch |
Motijheel Branch |
|
Address |
Motijheel Commercial Area, |
|
SWIFT |
N/A |
FINANCIAL INFORMATION
|
Year |
2009 |
2008 |
2007 |
|
Investment |
Tk.2.5 billion |
Tk.2 billion |
Tk.2 billion |
|
Turnover |
Tk.7.8 billion |
Tk.7.2 billion |
Tk.6.5 billion |
|
Liability |
NIL |
NIL |
Tk.1 billion |
|
Assets |
Tk.5.2 billion |
Tk.5 billion |
Tk.5 billion |
*The subject has
refused to reveal any financial information. Whatever shown here is collected
unofficially and as such its authenticity could not be verified
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.2 billion |
|
Paid Up Capital |
Tk.50 million |
|
Each Share Value |
Tk.100.00 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
|
1 |
116.0135 |
|
U.S Dollar |
1 |
71.6000 |
|
European Euro |
1 |
99.5741 |
ADVERSE DATA MONITORING
|
Dishonored
Checks |
No 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 |
MAXIMUM RECOMMENDED CREDIT
|
Amount |
Based On |
|
US$ 35,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
1,000 |
|
Office Area (Sq.
Ft) |
2,000 sq.ft (rented) |
|
Yard Area (Sq.
Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
8,300 sq.ft.(rented) |
|
|
4 Design The Different Types Of Conventional And Non Conventional Ships 4 Undertake New Construction 4 Expand Technological Capabilities In The Area Of Ship Design And Ship Construction 4 Train Shipyard Manpower 4 Improve All Key Activities Of The Yard Including Production, Planning, Purchase,
Marketing, Human Resources And Customer Satisfaction 4 Find Out The Cost Effective Funding Arrangements For Ship Building And Major Ship
Repair Projects 4 Introduce E-Procurement And E-Payment |
|
Major Clients |
4 Western Marine Shipyard Ltd 4 Department of
Shipping 4 4 Bangladesh
Inland Water Transport Corporation (B.I.W.T.C.) 4 Highspeed Group
of Companies 4 Karnafuly
Shipyard (Pvt.) Ltd 4 Seven Circle (
BD ) Ltd 4 Khulna Shipyard
Ltd 4 M/S. Crescent
Shipping Lines 4 Prime
Navigation 4 M/S. Rabaya
Shipping Lines 4 National
Navigation Network 4 M/S, Ariana
Shipping Lines 4 M/S. Sea Gull
Navigation Co. 4 M/S Najmul
Hossain Shipping Lines 4 M/S. Shapla 4 M/S. Akhee
Shipping Lines 4 M/S. Shamoli
Shipping Lines 4 Seagems
International 4 M/S. Janu
Shipping Lines 4 M/S. Gazaria
Builders & Engineering Associates 4 4 M/S. Haji Abdul
Jalil Navigation 4 M/S Akand
Navigation & Transport Co. 4 M/S. Nazmul
Hossain Shipping Lines 4 M/S. Nishu
Nowrin Shipping Lines 4 M/S. Tarin
Shipping Lines 4 M/S. Rahmat Ali
& Co. 4 M.S. Shafi
Uddin Shipping Lines 4 M/S. Friend
Navigation Co. 4 M/S. S.A. Shipping Lines 4 M/S. Borak
Transport 4 M/S. Hazi
Shipping Lines 4 M/S. Al
Sureshsori Shipping Lines 4 M/S. S.B.
International 4 M/S. A.K.B.
Shipping Lines 4 M/S. Hazi Abdul
Salim Nou Paribahan 4 M/S. Mukti
Shipping Lines Limited 4 M/S. M. & J.
Shipping Lines 4 M/S. Jonki
Navigation Co. 4 M/S. Khan
Waterways 4 M/S. Abdur
Rakib Khan Navigation Co. Ltd 4 M/S. Fazlul Huq
Shipping Lines 4 M/S. Niamot
Careers Ltd 4 M/S. Rakib
Waterways 4 M/S. Nizam
& Brothers Shipping Lines 4 M/S. United
Navigation Ltd 4 M/S. Dohar Ship
Marine Company 4 M/S. Farid
Shipping Lines 4 M/S. Nafees
Navigation Co. 4 M/S. Elahi Nou
Paribahan Co. 4 M/S. Mosharaf
Hossen Shahjahan 4 M/S. J.K.
Shipping Lines 4 M/S. Dohar
Shipping Lines 4 M/S Taia
Shipping Industries 4 M/S. Fadia
Shipping Lines 4 M/S. Meher
Shipping Lines 4 M/S. H.R.
Navigation 4 M/S. Uni Global
Business Ltd 4 M/S. Khan
Shipping Lines 4 M/S. Dewan
Shipping Lines 4 M/S. Sheikh
Rahman Shipping Lines 4 M/S. 4 M/S. Crown International 4 M/S. Akhter
Waterways 4 M/S. Bazlur
Rahman Trading 4 M/S. Khan
Navigation Co. 4 M/S Sheikh Reaz
Uddin Shipping Lines 4 M/S. M.S.
Rahman Shipping Lines 4 M/S. Shikh
Moinuddin Shipping Lines 4 M/S. A.K.B.
Shipping Lines 4 M/S. Ontora
Shipping Lines 4 M/S. Fazlul Huq
Shipping Lines 4 M/S. Eastern
Shipping 4 M/S. Munshi
River Transport Co. 4 Silver Waves
Tours Ltd 4 4 M/S Chhoi Tara
Shipping Lines 4 M/S. Fariha
Shipping Lines 4 M/S. Deuk Nou
Poribahan Songstha 4 Friendship 4 M/S. S.N.
Shipping Lines 4 Kazi Amzad
Hossain & Sons 4 M/S. S.D.S
Shipping Lines 4 M/S. Rashidul
Islam Navigation Company 4 M/S. N. Islam
Shipping Lines 4 M/S. Kazi
Fardous Hossain 4 M/S. A.Hossain
& Sons 4 M/S Meher
Shipping Lines 4 M/S. Farhan
Navigation 4 M/S Haji Nazrul
Islam Shipping Lines 4 M/S Jarin
Shipping Lines 4 M/S. Dolar
Trading Corporation 4 M/S Midship
Builders 4 M/S S.S. Rahman
International 4 M/S Lotakhola
Water Transport Co. 4 M/S Alam
Enterprise 4 M/S Sagar Navigation 4 M/S Jasi
Shipping Lines 4 M/S. Nagifa
Shipping Lines 4 M/S. A Z M
International 4 M/S. Jalil
Shipping Lines 4 M/S. Suncost
Navigation 4 M/S. Oshin
Navigation Co. 4 M/S. Ishak Shipping Lines 4 M/S. Aurin
Shipping Lines 4 M/S Constrade 4 M/S Riea Adar
Shipping Lines 4 M/S Kazi
Shipping Lines 4 Herbour Service
Ltd 4 M/S. Nipa
Poribahan Ltd 4 M/S Sarder
Shipping Lines 4 M/S. Rahamat
Ali & Co. 4 Amphibian
Logistic 4 M/S. Sintia
Shipping Lines 4 M/S. R.A.
Enterprise 4 M/S. Sadi
Navigation Co. 4 Islam
Navigation Ltd 4 M/S. M.S.
Shipping Lines 4 M/S. Nurul
Haque Shipping Lines 4 M/S. Patowari
Shipping Lines 4 M/S. N.Z
Shipping Lines 4 M/S. Nurul
Hoque Water Navigation 4 M/S. Emon 4 M/S. Z.M
Shipping Lines 4 M/S. Shapla
Shipping Lines 4 M/S. Bandan
Shipping Lines 4 M/S. M. Nasir
& Company 4 M/S. Sea Hourse
Shipping Lines 4 M/S. Islam
Shipping Corporation 4 M/S. Azim
Shipping Lines 4 M/S. Nurul
Basher 4 M/S. A.Z.
Shipping Lines 4 M/S. Yakub
Navigation Company 4 M/S. Bikrampur
Navigation 4 M/S. Andesh Co. 4 M/S. Akota
Shipping Lines 4 M/S. Al-Zami
Shipping Lines |
|
Raw Materials Tech Support From |
4 4 4 |
|
Certification |
NIL |
|
Quality Approved
By |
4 Bureau
Veritas 4 Germanischer
Lloyds 4 Indian Register of Shipping |
|
Group Name |
NIL |
|
Subsidiaries /
Affiliates |
NIL |
|
Member |
4 Dhaka Chamber of Commerce &
Industries, 4 |
COMMENTS
The subject is a private limited company engaged in designing,
constructing of ship & other marine vessels. The subject also engaged in
training to shipyard manpower. The subject is expert in
the field of ship design, building, and repair & NDT services. The subject
is committed to conduct its business in accordance with applicable laws, rules
& regulations & with highest standards of business ethics.
The directors are well conversant in their line of trade and
they are also experienced businessman. They are reported to be financially
solvent and are strong in their business commitments, it is reported.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.21 |
|
|
1 |
Rs.72.55 |
|
Euro |
1 |
Rs.62.43 |
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 |
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.