MIRA INFORM REPORT

Report Date :

11.11.2014

IDENTIFICATION DETAILS

Name :	CHEVRON CLINICAL LABORATORY (PTE) LTD.
Registered Office :	12/12, O. R. Nizam Road, Chittagong
Country :	Bangladesh
Date of Incorporation :	22.02.1984
Com. Reg. No.:	CH-1162
Legal Form :	Private Company
Line of Business :	Diagnostics Center all Kind of Human Investigation.
No. of Employees :	133

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 :	Slow but correct
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 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
Bangladesh	B1	A2

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

BANGLADESH - ECONOMIC OVERVIEW

Bangladesh's economy has grown roughly 6% per year since 1996 despite political instability, poor infrastructure, corruption, insufficient power supplies, slow implementation of economic reforms, and the 2008-09 global financial crisis and recession. Although more than half of GDP is generated through the service sector, almost half of Bangladeshis are employed in the agriculture sector with rice as the single-most-important product. Garment exports, the backbone of Bangladesh’s industrial sector and 80% of total exports, surpassed $21 billion last year, 18% of GDP. The sector has remained resilient in recent years amidst a series of factory accidents that have killed over 1,000 workers and crippling strikes that shut down virtually all economic activity. Steady garment export growth combined with remittances from overseas Bangladeshis, which totaled almost $15 billion and 13% of GDP IN 2013, are the largest contributors to Bangladesh’s current account surplus and record foreign exchange holdings.

Source : CIA

NOTE:

Comments

:

Address of 1/A, Nasirabad Chittagong does not belongs to the SC.

EXECUTIVE SUMMARY

IDENTIFICATION DETAILS
Correct company Name	:	Chevron Clinical Laboratory (Pte) Ltd.
Head Office	:	12/12, O. R. Nizam Road, Chittagong, Bangladesh.
Tel No	:	88-031-652533, 2550642-5, 652860, 652963
Fax No	:	88-031-657863
E-mail	:	chvrnlabctg@yahoo.com
Website	:	www.chevron-ctg.com
Date/ Year of Incorporation	:	22-02-1984
Incorporation No.	:	CH-1162
Vat Registration	:	2021012992
Legal Form (General)	:	Public Listed Co Public (but not listed) Private Co State-owned Co Sole Proprietorships Partnership Not Registered others (please specify) ________________
Legal form (Specific)	:	LTD CORP INC CO others (please specify) ________________
Issuing Authority	:	Registrar of Joint Stock Companies & Firms City Corporation Municipal Administration Union Council Cantonment Board Chief Controller of Import & Export (CCIE)

FINANCIALS- SUMMARY

Year	Turnover/ Sales	Assets	Income
July’ 12~June’ 13	Tk.160 Million	Tk. 35.70 Million	Tk. 7.40 Million
July’ 13~June’ 14	Tk.198 Million	Tk. 41.25 Million	Tk. 9.78 Million
Exchange Rate	USD1-Tk. 77.8200 EUR 1- Tk. 100.2711 GBP 1- Tk.118.5354 AUD 1 - Tk.82.8563 JPY 1 - Tk.0.9286	CAD 1 - Tk.80.1887 SEK 1 - Tk.12.2870 SGD 1 - Tk.65.3045 CNH 1 - Tk.12.8399

FULLCHECK REPORT DETAILS

Information Parted By
Name	:	Ms. Sipra Das
Designation	:	Officer
Contract No	:	-

Locations Details
Operating Address	:	12/12, O. R. Nizam Road, Chittagong, Bangladesh.
Tel No	:	88-031-652533, 2550642-5, 652860, 652963
Fax No	:	88-031-657863
E-mail	:	chvrnlabctg@yahoo.com
Website	:	www.chevron-ctg.com

Location :

: Owned

Ö

Rented

Leased

Area

20,000

Sq. ft.

Type of Office :	: Commercial Office Bldg.	Ö		Semi-commercial office Bldg.
Retail shop			Industrial Park
Business Center			Home Office
Residential Bldg.

Factory:
Address	:	12/12, O. R. Nizam Road, Chittagong, Bangladesh.
Tel No	:	88-031-652533, 2550642-5.
Fax No	:	88-031-657863

Location :

Owned

Ö

Rented

Leased

Area

1.5

Acres

Branches:
Address	:	Nil
Tel No	:	Nil
Fax No	:	Nil

Employee:
No. of Employees	In Office	:	133	In Factory	:
	In Branch:	:		Total	:	133
Details:

OWNERSHIP/SHAREHOLDERS

Names of Shareholders	No. of Share
Md. Abul Hossain	26000
A. S. M. Ahsan Uddoula Khan	26000
Dr. A. A. Golam Murtaza	26000
Chy. Mohd. Shahabuddin	26000
Dr. Md. Iqbal Hossain	26000
Dr. Razia Sultana	13000
Dr. Bidyut Biswas	26000
Dr. Subarna Rakshit	26000
Mrs. Supriya Chowdhury	26000
Dr. Bappi Dewanzee	13000
Dr. Sukanta Bhatta Charyya	26000
Dr. Lalit Kumar Dutta	26000
Dr. Md. Faridul Alam	26000
Dr. Anwarul Hoque Chy.	13000
Dr. Biswnath Das	26000
Dr. Mrinal Kanti Nandi	26000
Prof. Dr. Roqunuddin Ahmed Chy.	26000
Dr. Afroza Akter Mazumder	26000
Dr. Qumrul Ahsan	26000
Dr. Md. Abul Hassan Chy.	13000
Dr. Mohd. Imam Hossain	13000
Prof. Dr. Lutful Anwar	26000
Dr. Ehsanus Subhan Chy.	26000
Dr. Rezaul Karim	26000
Dr. Md Shahadat Hossain	26000
Dr. Roksana Perveen	13000
Mrs. Yasmin Jahan	26000
Dr. Nahid Sultana	26000
Dr. Mohammed Abdur Rouf	13000
Dr. Biplab Kumar Dewanjee	13000

DIRECTORS

Name	Designation
Dr. A. A. Golam Murtaza	Managing Director
A. S. M. Ahsan Uddoula Khan	Director
D. Abul Hossain	Director
Dr. Bidyut Biswas	Director
Dr. Subarna Rakshit	Director
Mrs. Supriya Chowdhury	Director
Dr. Sukanta Bhatta Charyya	Director
Dr. Lalit Kumar Dutta	Director
Dr. Md. Faridul Alam	Director
Dr. Biswnath Das	Director
Dr. Mrinal Kanti Nandi	Director
Prof. Dr. Roqunuddin Ahmed Chy.	Director
Dr. Afroza Akter Mazumder	Director
Dr. Qumrul Ahsan	Director
Prof. Dr. Lutful Anwar Quadery	Director
Dr. Ehsanus Subhan Chy.	Director
Dr. Rezaul Karim	Director
Mrs. Yasmin Jahan	Director
Dr. Nahid Sultana	Director

MANAGEMENT

Name	:	MR. Polock Baron
Job Description	:	General Manager
Nationality	:	Bangladeshi
Email address	:	N/A
Other details	:	N/A
Name	:	Ms. Sipra Das
Job Description	:	Officer
Nationality	:	Bangladeshi
Email address	:	N/A
Other details	:	N/A

BUSINESS OPERATIONS

Nature of Activity :	Diagnostics Center	Ö	Trader	Dealer	Distributor
	Exporter		Importer	Services	Others

Range of Products:
Products	:	All Kind Of Human Investigation
Production Capacity	:	N/A
Last Year Production	:	N/A

Trading Terms:

Purchasing Terms:	L/C	N/A	Cash	Others
	Credit :		30 days	60 days	90 days	days

Selling Terms :	L/C	N/A	Cash	Others
	Credit :		30 days	60 days	90 days	days

DETAILED DATA

Trade Reference & Related Parties	:	Overseas Clients			:	N/A	Local Clients	:	N/A
		Overseas Suppliers			:	N/A	Local Suppliers	:	N/A
Trade Markets	:	Exports			:	N/A
		Imports			:	N/A
Brand Name			:	Nil
Certified			:	Nil
Auditors			:	N/A
Operation Status			:	Active
Member			:	Chittagong Chamber of Commerce & Industry

CAPITAL STRUCTURE

Authorized Capital	:	Tk.100 Million
Paid-up Capital	:	Tk.67600000	No. of Shares	:	676000	Share Value	:	Tk.100.00Each
Main Assets	:	Tk.41.25 Million

FINANCIAL STATEMENT- DETAILED

The subject company don’t submit update financial figure to local registry office.

ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES

Sister Concerns	:	Nil
Subsidiary	:	N/A
Name of The Group	:	Nil

BANKING

Bank Name	:	IFIC Bank Ltd.
Bank Address	:	Chawkbazar Branch Chittagong.
Bank Name	:	Janata Bank Ltd.
Bank Address	:	Mimi Super Market Branch, Chittagong.
Bank Name	:	Premier Bank Limited
Bank Address	:	Agrabad Branch, Chittagong
Bank Name	:	Sonali Bank Ltd.
Bank Address	:	Medical College Branch, Chittagong.

ADVERSE DATA MONITORING

Dishonored Checks	:	No Record Found
Debt	:	No Record Found
Litigation	:	Clear
Performance Defaults	:	No Record Found
Adverse Local Media Coverage/ Adverse Filling History	:	No Record Found

SITE VISIT COMMENTARY

Our representative visited the subject company Head Office which is situated at 12/12, O. R. Nizam Road, Chittagong, Bangladesh. It is famous diagnostic center in Chittagong.

GENERAL COMMENTS

The subject company is a well-known reputed diagnostic center in Bangladesh. Day by day the subject companies increase their goodwill by servicing.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.52
UK Pound	1	Rs.97.39
Euro	1	Rs.76.16

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	NIT

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%)

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