MIRA INFORM REPORT

 

 

Report Date :

09.07.2012

 

IDENTIFICATION DETAILS

 

Name :

VANGUARD MARITIME LIMITED

 

 

Registered Office :

Arif Chember, 98 Agrabad Commercial Area, Chittagong

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

12.06.2007

 

 

Com. Reg. No.:

Ch-6900

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Service Provider of Ship Management  

 

 

No. of Employees :

90

 

 

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

 

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 – 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

 

 

COMPANY DETAILS

 

Name

Vanguard Maritime Limited

Address

Arif Chember, 98 Agrabad Commercial Area, Chittagong

Country

Bangladesh

Telephone No

880-31-2510457, 723582

Fax No

880-31-2510458

E-mail

info@bsagroupbd.net  / info@vmlbd.com

Website

www.bsagroupbd.net / www.vmlbd.com

Established

2007

Company Registration No

Ch-6900

Registration date

12th June 2007       

Legal Status

Private Limited

Issuing Authority

The Registrar of Joint Stock Companies & Firms, Chittagong

Business Type

Service Provider

Status

Satisfactory

Payment Behavior

No complaints have been heard regarding payments 

from local suppliers or banks.

 

 

LOCATIONS

 

Head Office

Arif Chember, 98 Agrabad Commercial Area, Chittagong

Telephone No

880-31-2510457, 723582

Fax No

880-31-2510458

E-Mail

info@bsagroupbd.net  / info@vmlbd.com

Website

www.bsagroupbd.net / www.vmlbd.com

Location

Owned

Branch 

NIL

Factory

NIL

Factory Tel No

NIL

Factory Fax No

NIL

Warehouse

NIL

 

DIRECTORS

 

Name

Mr. Amjadul Ferdous Chowdhury

Designation

Chairman & Managing Director

Nationality

Bangladeshi

 

 

Name

Mr. Nafid Nabi

Designation

Director

Nationality

Bangladeshi

 

 

SHAREHOLDERS

 

Name

Mr. Amjadul Ferdous Chowdhury

Share Percent

60%

Nationality

Bangladeshi

 

 

Name

Mr. Nafid Nabi

Share Percent

40%

Nationality

Bangladeshi

 

 

BUSINESS DETAILS

 

Line of Business

Service Provider

Items Dealing In

Ship Management  

Terms of Purchase

Local: Cash or Credit (30-60 Days)

Import: Against L/C

Terms of Purchase

Local: Cash or Credit (30-60 Days)

Export: Against L/C

 

 

BANKERS

 

Name

Eastern Bank Limited

Branch

Agrabad Branch

Address

33 Agrabad C/A, Chittagong

SWIFT

33 Agrabad C/A, Chittagong

 

Name

Standard Chartered Bank

Branch

Chittagong Branch

 

 

FINANCIAL INFORMATION

 

Year

2011

2010

 

2009

Investment

Tk.62 million

Tk.60 million

Tk.60 million

Turnover

Tk.436.9 million

Tk.435.6 million

Tk.435million

Liability

Tk.5.8 million

Tk.7.4 million

Tk.8 million

Assets

Tk.90 million

Tk.88 million

Tk.88 million

 

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

 

 

CAPITAL STRUCTURE

 

Authorized Capital

Tk.200 million

Paid Up Capital

Tk.10 million

Each Share Value

Tk.100.00

 

 

CURRENCY EXCHANGE RATE

 

Currency

Unit

Bangladeshi Taka (BDT)

 

Great Britain Pound

1

100.6386

U.S Dollar

1

81.8200

European Euro

1

126.7637

 

 

Information Parted By:

 

Name               : Mr. Dhalvar

Designation     : Assistant Manager

Mobile No.       : 880-31-723582

Date                 : 09.07.2012

 

 

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

 

 

GENERAL INFORMATION

 

Employees

90

Customers

Ship Owners

Office Area (Sq. Ft)

2,200 sq.ft (Owned)

Factory Area (Sq. Ft)

N/A

Warehouse Area (Sq. Ft)

N/A

Range of Services

4 Technical Management

4 Crew Management

4 Ships Agencies

Name of Fleets

4 M.V. Bright Royal

4 M.V. Grand Royal

4 M.V. Mighty Royal

Certifications

NIL

Group Name

4 BSA Group

Subsidiaries / Affiliates

4 BSA Garments Industries (Pvt.) Limited (Unit-1 & 2)

4 BSA Fashion Limited

4 Vanguard Garments Limited

4 Vanguard Fashion Limited

4 Harrods Garments Pvt. Limited

4 Vanguard Garments Limited (C & F SECTION)

4 Vanguard Dresses Limited

4 BSA Apparels Limited

4 Vanguard Packages Limited

4 M.F Enterprise Packages Limited

4 Royal P.P Bag Limited

4 Glare Trading

4 Royal Cement Limited

4 Brave Royal Shipping Limited

4 Vanguard Share & Securities Limited

Member

4 Bangladesh Sheep Owners Association, Dhaka

4 Chittagong Chamber of Commerce & Industries, Chittagong

 

 

BUSINESS TREND & PROSPECT

 

Business Scale           

Fairly Large

Business Trend

Growing

Management Capability

Good

Reputation

Good

 

 

 

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.42

UK Pound

1

Rs.86.04

Euro

1

Rs.68.61

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.