MIRA INFORM
REPORT
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Report Date : |
22.03.2012 |
IDENTIFICATION DETAILS
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Name : |
BAY NAVIGATION LIMITED |
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Registered Office : |
261, |
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Country : |
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Date of Incorporation : |
03.06.2010 |
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Com. Reg. No.: |
CH-9098 |
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Legal Form : |
Private
Limited Company |
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Line of Business : |
Importing & Selling of Marine Equipments |
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No. of Employees
: |
25 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
US$ 22,000.00 |
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Status : |
Moderate |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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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 |
|
Name |
Bay Navigation
Limited |
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Address |
261, |
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Country |
|
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Telephone No |
880-31-615618-9,
611069 |
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Fax No |
880-31-610780 |
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E-Mail |
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Website |
NIL |
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Established |
2010 |
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Company Registration No |
CH-9098 |
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Registration date |
3rd
June 2010 |
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Legal Status |
Private Limited |
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Issuing Authority |
The Register of Joint Stock Companies & Firms, Chittagong |
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Business Type |
Importer &
Seller |
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Status |
Satisfactory |
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Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
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Head Office |
261, Mazirghat
Road, Chittagong-4000 |
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Telephone No |
880-31-615618-9,
611069 |
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Fax No |
880-31-610780 |
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E-Mail |
|
|
Website |
NIL |
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Branch |
NIL |
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Factory |
N/A |
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Factory Telephone No |
N/A |
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Factory Fax No |
N/A |
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Warehouse |
261, Mazirghat Road, Chittagong-4000 |
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Name |
Mr. Murshed Murad Ibrahim |
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Designation |
Chairman &
Managing Director |
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Nationality |
Bangladeshi |
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Name |
Mrs. Mahjabeen
Murshed |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Murshed Murad Ibrahim |
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Share Percent |
Chairman &
Managing Director |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mrs.
Mahjabeen Murshed |
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Share Percent |
Director |
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Nationality |
Bangladeshi |
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Line of Business |
Importing &
Selling |
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Items Dealing In |
Marine
Equipments |
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Terms of Purchase |
Import: Against L/C |
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Terms of Sale |
Local: Cash or Credit |
|
Name |
IFIC Bank
Limited |
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Branch |
Agrabad Branch |
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Address |
Agrabad C/A, Chittagong |
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S.W.I.F.T |
N/A |
The subject has flatly refused to reveal any financial information.
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Authorized Capital |
Tk.30 million |
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Paid Up Capital |
Tk.2 million |
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Each Share Value |
Tk.100.00 |
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Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
129.8248 |
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U.S Dollar |
1 |
81.8000 |
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European Euro |
1 |
108.0905 |
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Dishonored
Checks |
No Found |
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Debt |
No Records Found |
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Litigation |
No Records Found |
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Performance
Defaults |
No Records Found |
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Adverse Press
Coverage |
No Records Found |
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Money Laundering |
No Records Found |
|
Amount |
Based On |
|
US$ 22,000.00 |
90 Days |
|
Employees |
25 |
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Office Area (Sq.
Ft) |
2,050 sq.ft (rented) |
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Factory Area
(Sq. Ft) |
N/A |
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Warehouse Area
(Sq. Ft) |
2,800 sq.ft.(rented) |
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Range of
Products |
4 Marine Equipments |
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Import From |
4 China 4 India 4 Japan |
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Certifications |
NIL |
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Group Name |
4 Crystal Group |
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Subsidiaries /
Affiliates |
4 IG
Nevigations Ltd. 4 Crystal
Landmark Ltd. 4 Crystal
Steels & Ship Breaking Ltd. 4 Crystal
Fisheries Limited 4 Crystal
Shipping Lines Ltd. 4 Gulshan
Apparels Limited |
|
Member |
4 Chittagong Chamber of Commerce
& Industries, Chittagong |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.59 |
|
UK Pound |
1 |
Rs.80.34 |
|
Euro |
1 |
Rs.67.14 |
RATING EXPLANATIONS
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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 |
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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 |
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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.