|
Report Date : |
10.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
GOLDEN AQUA TECH |
|
|
|
|
Registered Office : |
Hotel Saikat, Main Road, Cox’s Bazar,
Chittagong |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Financials (as on) : |
2011 |
|
|
|
|
Date of Incorporation : |
1999 |
|
|
|
|
Legal Form : |
Proprietorship |
|
|
|
|
Line of Business : |
Exporter of Fish &
Shrimp |
|
|
|
|
No. of Employees : |
Not Available |
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$ 15,000.00 |
|
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Bangladesh |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Name |
Golden Aqua Tech |
|
Address |
Hotel Saikat, Main Road, Cox’s Bazar, Chittagong |
|
Country |
Bangladesh |
|
Telephone No |
880-341-63278 |
|
Fax No |
NIL |
|
E-Mail |
|
|
Website |
NIL |
|
Established |
1999 |
|
Company Registration No |
N/A |
|
Registration date |
N/A |
|
Legal Status |
Proprietorship |
|
Business Type |
Exporter |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
|
Head Office |
Hotel Saikat, Main Road, Cox’s Bazar, Chittagong |
|
Telephone No |
880-341-63278 |
|
Fax No |
NIL |
|
E-Mail |
|
|
Website |
NIL |
|
Branch |
NIL |
|
Factory |
N/A |
|
Factory Telephone No |
N/A |
|
Factory Fax No |
N/A |
|
Shop Address |
Hotel Saikat, Main Road, Cox’s Bazar, Chittagong |
|
Name |
Mr. Salahuddin
Ahmed |
|
Designation |
Proprietor |
|
Nationality |
Bangladeshi |
|
Line of Business |
Exporter |
|
Items Dealing In |
Fish & Shrimp |
|
Terms of Purchase |
Local: Cash or Credit |
|
Terms of Sale |
Export: Against L/C |
|
Name |
Eastern Bank
Limited |
|
Branch |
Kolatoli Branch |
|
Address |
Kolatoli Road,
Cox’s Bazar |
|
SWIFT |
N/A |
|
Year |
2011 |
2010 |
2009 |
|
Investment |
Tk.08 million |
Tk.08 million |
Tk.06 million |
|
Turnover |
Tk.61.8 million |
Tk.61.3 million |
Tk.59.5 million |
|
Liability |
NIL |
NIL |
NIL |
|
Assets |
Tk.13 million |
Tk.13 million |
Tk.10 million |
CAPITAL
STRUCTURE
|
Authorized
Capital |
N/A |
|
Paid Up Capital |
N/A |
|
Each Share Value |
N/A |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
128.7708 |
|
U.S Dollar |
1 |
81.7800 |
|
European Euro |
1 |
107.5652 |
|
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 |
|
Amount |
Based On |
|
US$ 15,000.00 |
90 Days |
|
Employees |
35 |
|
Office Area (Sq.
Ft) |
720 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
2,000 sq.ft.(rented) |
|
Range of
Products |
4 Sweet Water Fish 4 Shrimps |
|
Export Market |
4 USA 4 Australia 4 India |
|
Certifications |
NIL |
|
Group Name |
NIL |
|
Subsidiaries /
Affiliates |
NIL |
|
Member |
4 Cox’s Bazar
Chamber of Commerce & Industries, Cox’s Bazar |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.01 |
|
|
1 |
Rs.79.00 |
|
Euro |
1 |
Rs.66.17 |
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.