|
Report Date : |
01.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
FMC DOCKYARD LIMITED |
|
|
|
|
Registered Office : |
FMC House, House #33(2nd Floor), Road#03, O.R. Nizam Road R/A, Chittagong |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
02.08.1979 |
|
|
|
|
Com. Reg. No.: |
C-7387 |
|
|
|
|
Legal Form : |
Private Limited
Company |
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|
|
|
Line of Business : |
Manufacturer, Exporter & Service Provider of Maritime Vessels |
|
|
|
|
No. of Employees : |
500 |
RATING & COMMENTS
|
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 |
|
Status : |
Good |
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Bangladesh |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Name |
FMC Dockyard
Limited |
|
Address |
FMC House, House
#33(2nd Floor), Road#03, O.R. Nizam Road R/A, Chittagong |
|
Country |
Bangladesh |
|
Telephone No |
880-31-2553661-2,
2554291-2 |
|
Fax No |
880-31-2553663 |
|
E-Mail |
|
|
Website |
|
|
Established |
1979 |
|
Company Registration No |
C-7387 |
|
Registration date |
2nd August 1979 |
|
Legal Status |
Private Limited |
|
Issuing Authority |
Registrar
of Joint Stock Companies & Firms, Dhaka |
|
Business Type |
Manufacturer,
Exporter & Service Provider |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
|
Head Office |
FMC House,
House #33(2nd Floor), Road#03, O.R. Nizam Road R/A, Chittagong |
|
Telephone No |
880-31-
2553661-2, 2554291-2 |
|
Fax No |
880-31- 2553663 |
|
E-Mail |
|
|
Website |
|
|
Branch |
Dhaka Liaison
Office Rupsha Tower, Flat # 13
C, Road # 17, House #7, |
|
Yard Address |
West Gumdandi, Upazilla-Boalkhali, Chittagong |
|
Factory Tel No |
N/A |
|
Factory Fax No |
N/A |
|
Warehouse |
West Gumdandi, Upazilla-Boalkhali, Chittagong |
|
Name |
Mr. Mirza Ayub
Baig |
|
Designation |
Chairman |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Mohammad
Yasin Chowdhury |
|
Designation |
Managing
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Mahiuddin
Ahmed |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Mainuddin
Ahmed |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Ms. Khairunnesa |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Ms. Sainunnessa |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Ms. Shamsunnessa |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Najibur
Rahman |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
Name |
Mr. Mirza Ayub
Baig |
|
Share Percent |
21.4% |
|
Country |
Bangladesh |
|
|
|
|
Name |
Mr. Mohammad
Yasin Chowdhury |
|
Share Percent |
14.2% |
|
Country |
Bangladesh |
|
|
|
|
Name |
Mr. Mahiuddin
Ahmed |
|
Share Percent |
14.2% |
|
Country |
Bangladesh |
|
|
|
|
Name |
Mr. Mainuddin
Ahmed |
|
Share Percent |
14.2% |
|
Country |
Bangladesh |
|
|
|
|
Name |
Ms. Khairunnesa |
|
Share Percent |
7.2% |
|
Country |
Bangladesh |
|
|
|
|
Name |
Ms. Sainunnessa |
|
Share Percent |
7.2% |
|
Country |
Bangladesh |
|
|
|
|
Name |
Ms. Shamsunnessa |
|
Share Percent |
7.2% |
|
Country |
Bangladesh |
|
|
|
|
Name |
Mr. Najibur
Rahman |
|
Share Percent |
14.2% |
|
Country |
Bangladesh |
|
Line of Business |
Manufacturer,
Exporter & Service Provider |
|
Items Dealing In |
Maritime Vessels |
|
Terms of Purchase |
Import: Against L/C Local: Cash or Credit |
|
Terms of Sale |
Local: Cash or Credit Export: Against L/C |
|
Name |
Social Islami Bank Limited |
|
Branch |
Agrabad Branch |
|
Address |
Agrabad Commercial Area, Chittagong |
|
SWIFT |
N/A |
|
|
|
|
Name |
Prime Bank Limited |
|
Branch |
Agrabad Branch |
|
Address |
Agrabad Commercial Area, Chittagong |
|
SWIFT |
N/A |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.3 billion |
Tk.2.5 billion |
Tk.2.5 billion |
|
Turnover |
Tk.7.2 billion |
Tk.6.7 billion |
Tk.6 billion |
|
Liability |
Tk.66 million |
Tk.68 million |
Tk.70 million |
|
Assets |
Tk.5 billion |
Tk.4 billion |
Tk.4 billion |
The information provided is collected unofficially and as such its authenticity could not be guaranteed. As per Local Corporate & Tax law, a Private Limited Company is not bound to disclose its financial information
|
Authorized Capital |
Tk.500,000.00 |
|
Paid Up Capital |
Tk.140,00.00 |
|
Each Share Value |
Tk.100.00 |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
126.6856 |
|
U.S Dollar |
1 |
81.7010 |
|
European Euro |
1 |
99.3321 |
|
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 |
|
Employees |
500 |
|
Office Area (Sq.
Ft) |
1,800 sq.ft (rented) |
|
Factory
Area (Sq. Ft) |
Unknown |
|
Warehouse
Area (Sq. Ft) |
Unknown |
|
Range
of Products & Services |
4 Ship Building & Dry-docking 4 Bunkering & Lubricant Supply 4 Shipping Agent & Ship
Management 4 Project Cargo Handling & CnF 4 Tanker & Barge Operator 4 Marine & Navigational Equip.
Supply 4 Interior Design & Furniture
Import 4 Import, Export & Auction 4 Ship Survey & Ship Handling 4 Transportation & Logistics |
|
Certifications |
NIL |
|
Group Name |
FMC Group |
|
Subsidiaries /
Affiliates |
4 East Wood Ltd 4 FMC Fishing Ltd 4 Service Tech Ltd 4 Yan Bong Hill Resort 4 FMC Logistic Care Ltd 4 FMC Interior World Ltd 4 Friends Multi Trade Company 4 Pancom International Agencies |
|
Member |
4 Chittagong
Chamber of Commerce & Industries, Chittagong |
|
Business Scale |
Fairly Large |
|
Business Trend |
Growing |
|
Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.81 |
|
UK Pound |
1 |
Rs.87.67 |
|
Euro |
1 |
Rs.68.45 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.