|
Report Date : |
25.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
CHEVRON BANGLADESH |
|
|
|
|
Registered Office : |
Bay's Galleria, 57 Gulshan Avenue, Gulshan-1, Dhaka-1212 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Date of Incorporation : |
January 2004 |
|
|
|
|
Com. Reg. No.: |
Not available |
|
|
|
|
Legal Form : |
Foreign Invested Company |
|
|
|
|
Line of Business : |
Exploration & Extraction of Gas |
|
|
|
|
No. of Employees : |
700 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
bangladesh |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
bangladesh ECONOMIC OVERVIEW
In real terms Bangladesh's economy
has grown 5.8% per year since 1996 despite political instability, poor
infrastructure, corruption, insufficient power supplies, and slow
implementation of economic reforms. Bangladesh remains a poor, overpopulated,
and inefficiently-governed nation. Although more than half of GDP is generated
through the service sector, 45% of Bangladeshis are employed in the agriculture
sector with rice as the single-most-important product. Bangladesh's growth was
resilient during the 2008-09 global financial crisis and recession. Garment
exports, totaling $12.3 billion in FY09 and remittances from overseas
Bangladeshis, totaling $11 billion in FY10, accounted for almost 12% of GDP.
|
Source : CIA |
|
Name |
Chevron Bangladesh |
|
Address |
Bay's Galleria,
57 Gulshan Avenue, Gulshan-1, Dhaka-1212 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-9892244,
8828891 |
|
Fax No |
880-2-9884398 |
|
E-Mail |
|
|
Website |
|
|
Established |
January 2004 |
|
Company Registration No |
NIL |
|
Registration date |
NIL |
|
Legal Status |
Foreign Invested Company |
|
Issuing Authority |
The
subject is Incorporated in Bermuda |
|
Business Type |
Exploration
& Extraction |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
|
Head Office |
Bay's Galleria, 57
Gulshan Avenue, Gulshan-1, Dhaka-1212 |
|
Telephone No |
880-2-9892244,
8828891 |
|
Fax No |
880-2-9884398 |
|
E-Mail |
|
|
Website |
|
|
Branch |
Sylhet Office Lackatoorah, Airport Road, Sylhet 3100 Telephone: +880. 821715390 Fax: +880. 821715362 |
|
Gas Fields |
Jalalabad
Gas Field Sylhet Moulvi Bazar Gas Field Sylhet Bibiyana Gas Field Habiganj |
|
Factory Tel No |
NIL |
|
Factory Fax No |
NIL |
|
Warehouse |
N/A |
|
Name |
Mr. Geoffrey Strong |
|
Designation |
President & Managing Director |
|
Nationality |
American |
|
Name |
Chevron
Corporation |
|
Share Percent |
100% |
|
Country |
USA |
|
Line of Business |
Exploration
& Extraction |
|
Items Dealing In |
Gas |
|
Terms of Purchase |
Local: Cash or Credit Import: Against L/C |
|
Terms of Sale |
Local: Cash or Credit |
|
Name |
Standard
Chartered Bank |
|
Branch |
Sylhet Branch |
|
Address |
Sylhet |
|
SWIFT |
N/A |
|
|
|
|
Name |
CITI Bank N.A |
|
Branch |
Motijheel Branch |
|
Address |
Motijheel C/A |
|
SWIFT |
N/A |
Note: The subject has flatly refused to reveal any financial information.
|
Authorized
Capital |
N/A |
|
Paid Up Capital |
N/A |
|
Each Share Value |
N/A |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
118.7954 |
|
U.S Dollar |
1 |
77.9600 |
|
European Euro |
1 |
101.3558 |
|
Dishonored
Checks |
No Found |
|
Debt |
No Found |
|
Litigation |
No Records Found |
|
Performance
Defaults |
No Records Found |
|
Adverse Press
Coverage |
No Records Found |
|
Money Laundering |
No Records Found |
|
Employees |
700 |
|
Office Area (Sq.
Ft) |
3,800 sq.ft |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
N/A |
|
Range of
Products |
4 Natural Gas |
|
Major
Clients |
4
Bangladesh Oil, Gas Mineral Corporation (Petrobangla) |
|
Export
Market |
N/A |
|
Certifications |
NIL |
|
Group Name |
NIL |
|
Subsidiaries /
Affiliates |
NIL |
|
Member |
NIL |
|
Business Scale |
Large |
|
Business Trend |
Growing |
|
Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.30 |
|
UK Pound |
1 |
Rs.82.88 |
|
Euro |
1 |
Rs.70.80 |
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.