MIPL-Logo

3decades

 

MIRA INFORM REPORT

 

 

Report No. :

510976

Report Date :

28.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

MONGLA PORT AUTHORITY

 

 

Formerly Known As :

CHALNA PORT AUTHRITY

 

 

Registered Office :

Mongla, Bagherhat-9351

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

11.12.1950

 

 

Legal Form :

State-owned Co

 

 

Line of Business :

Handling and Warehousing of Sea Port

 

 

No. of Employees :

2796

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

 

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Good

 

 

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

 

Country Name

                Previous Rating               

(30.09.2017)

Current Rating

(31.12.2017)

Bangladesh

A2

A2

 

Risk Category

 

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

BANGLADESH - ECONOMIC OVERVIEW

 

Bangladesh's economy has grown roughly 6% per year since 2005 despite prolonged periods of political instability, poor infrastructure, endemic corruption, insufficient power supplies, and slow implementation of economic reforms. Although more than half of GDP is generated through the services 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, accounted for more than 80% of total exports and surpassed $28 billion in FY 2016-17. The sector continues to grow despite the need for improvements in factory safety conditions and workers’ rights to avert further high-profile accidents that killed more than 1,000 workers in 2012 and 2013. In FY 2016-17, steady export growth in the garment sector, combined with $13 billion in remittances from overseas Bangladeshis, contributed to Bangladesh's rising foreign exchange reserves.

 

The recent influx of over 700,000 additional refugees from Burma will place pressure on the Bangladeshi government’s budget and the country’s rice supplies, which declined in 2017 in part because of record flooding. Recent improvements to energy infrastructure, including the start of liquefied natural gas imports in 2018, represent a major step forward in resolving a key growth bottleneck.

 

Source : CIA

 

 

 

IDENTIFICATION DETAILS

Correct company Name

:

MONGLA PORT AUTHORITY

Company Previous Name

:

CHALNA PORT AUTHRITY

Head Office

:

Mongla, Bagherhat-9351, Bangladesh.

Tel No

:

88-04662-75215, 75333, 75214, 75200, 75271, 75222

Fax No

:

88-04662-75224

E-mail

:

ceme@mpa.gov.bd

Website

:

www.mpa.gov.bd

Date/ Year of Incorporation

:

11.12.1950

Incorporation No.

:

Nil

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      State-owned Co

 others (please specify) ________________

Issuing Authority

:

 Registrar of Joint Stock Companies & Firms      City Corporation

 Municipal Administration                                       Union Council

 Ministry of shipping

 

FINANCIALS- SUMMARY

 

      Year

Turnover/ Sales

 Assets

Income/ (Loss)

30th June, 2017

N/A

N/A

N/A

 

 

 

 

 

 

 

 

FULLCHECK REPORT DETAILS

 

                                                             Information Parted By

Name

:

Mr. Ohiuddin Chowdhury

Designation

:

Company Secretary

Contract No

:

88-01711736770

 

                                                               Locations Details

Operating Address

:

Mongla, Bagherhat-9351, Bangladesh.

Tel No

:

88-04662-75215, 75333, 75214, 75200, 75271, 75222

Fax No

:

88-04662-75224

E-mail

:

ceme@mpa.gov.bd

Website

:

www.mpa.gov.bd

 

Location :

: Owned

Ö

 

Rented

 

 

Leased

 

Area

20,000

Sq. ft.

 

 

Type of Office :

  :                                           Sea Port

Ö

 

Semi-commercial office Bldg.

 

     

Retail shop

 

 

Industrial Park

 

     

Business Center

 

 

Home Office

 

     

Residential Bldg.

 

 

 

 

 

 

Factory:

 

 

 

 

 

Address

:

Nil

Tel No

:

Nil

Fax No

:

Nil

 

Branch Address:

 

 

 

Address

:

8/6, Segun Bagicha, Dhaka, Bangladesh.

Tel No

:

Nil

Fax No

:

Nil

 

Employee:

 

 

 

No. of Employees 

 

In Office

:

2796

In Factory

:

N/A

In Branch

:

N/A

Total

:

2796

Details:

 

                    

 

 

 

OWNERSHIP/SHAREHOLDERS

 

 

Names of Shareholders

No. of Share

 

Bangladesh Peoples Republic of Government

100%

 

 

 

MANAGEMENT

 

Name

:

Cdre. A K M Faruque Hassan (N) Afwc, Psc, Bn

Job Description

:

Chairman

Nationality

:

Bangladeshi.

Email address

:

chairman@mpa.gov.bd

Other details

:

88-01716401170

 

Name

:

Mr. Pronab Kumar Roy

Job Description

:

Director (Admin)

Nationality

:

Bangladeshi.

Email address

:

pronab5754@gmail.com

Other details

:

88-01715138375

 

Name

:

Mr. Md. Mostafa Kamal

Job Description

:

Director (Traffic)

Nationality

:

Bangladeshi.

Email address

:

dt@mpa.gov.bd

Other details

:

88- 01911838804

 

Name

:

Mr. Md. Altaf Hossain Khan

Job Description

:

Member (Engineering & Development)

Nationality

:

Bangladeshi.

Email address

:

med@mpa.gov.bd

Other details

:

88-01711807695

 

Name

:

Mr. Mohammad Golam Mostofa

Job Description

:

Member (Finance)

Nationality

:

Bangladeshi.

Email address

:

mf@mpa.gov.bd

Other details

:

88-01711319563

 

Name

:

Mr. Md. Abdul Baten Miya

Job Description

:

Member (Harbour & Marine)

Nationality

:

Bangladeshi.

Email address

:

mhm@mpa.gov.bd

Other details

:

88-01715205930

 

Name

:

Lt. Col Md. Mizanur Rahman Shah Chowdhury

Job Description

:

Chief Engineer (Mechanical & Electrical)

Nationality

:

Bangladeshi.

Email address

:

ceme@mpa.gov.bd

Other details

:

88- 01711302240

 

Name

:

Mr. Abul Kalam Azad

Job Description

:

Senior Deputy Manager

Nationality

:

Bangladeshi.

Email address

:

sdm@mpa.gov.bd

Other details

:

88-01714353153

 

Name

:

Mr. DM Rouson Ali

Job Description

:

Deputy Manager

Nationality

:

Bangladeshi.

Email address

:

dmpa@mpa.gpo

Other details

:

88-01714846518

 

Name

:

Mr. Md. Shahidul Hossen

Job Description

:

Assistant Manager (Cs)

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

88-01712050772

 

Name

:

Mrs. Fazila Khatun

Job Description

:

Assistant Manager (Admin)

Nationality

:

Bangladeshi.

Email address

:

ama@mpa.gov.bd

Other details

:

88-01718693710

 

Name

:

Mr. Shamol Kumar Dutta

Job Description

:

Assisatant Manager (State, Mongla)

Nationality

:

Bangladeshi.

Email address

:

amek@mpa.gov.bd

Other details

:

88-01715090578

 

Name

:

Mr. Md. Siddikur Rahman

Job Description

:

Chief Finance & Account Officer

Nationality

:

Bangladeshi.

Email address

:

cfao@mpa.gov.bd

Other details

:

88-01712136296

 

Name

:

Commander S M Anowarul Karim, (Nd), Bn

Job Description

:

Chief Security Officer

Nationality

:

Bangladeshi.

Email address

:

cso@mpa.gov.bd

Other details

:

88-01769761391

 

Name

:

Mr. Ohiuddin Chowdhury

Job Description

:

Company Secretary

Nationality

:

Bangladeshi.

Email address

:

sec@mpa.gov.bd

Other details

:

88- 01711736770

 

 

BUSINESS OPERATIONS

 

Nature of Activity       :

Handling

Ö

Trader

 

Dealer

 

Distributor

 

 

 

 

Warehousing

Ö

Importer

 

Services

 

Others

 

 

Item dealing in:

 

Products

:

Sea Port

Production Capacity

:

N/A

Last Year Production

:

N/A

Import Products

:

N/A

Export Products

:

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(Country)

:

N/A

 

Imports(Country)

:

N/A

 

Brand Name

:

N/A

Certified

:

N/A

Name of Auditors

:

N/A

Operation Status

:

Active

 

 

CAPITAL STRUCTURE

 

 

Authorized Capital

:

N/A

 

Paid-up Capital

:

N/A

 

No. of Shares

:

N/A

 

Share Value

:

N/A

 

Main Assets

:

N/A

 

 

FINANCIAL STATEMENT- DETAILED

 

Based on the corporate laws legal entities are not required to make public disclosure of their annual financials. Therefore no financials are available for this entity.

 

 

ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES

 

Name of  The Group

:

Nil

Name of Mother Company

:

Nil

Subsidiary

:

Nil

Sister Concerns

:

Nil

 

 

BANKING

 

 

Bank Name  

:

Sonali Bank Ltd.

Janata Bank Ltd.

Rupali Bank Ltd.

 

 

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 Mongla, Bagherhat-9351, Bangladesh. It’s sea port Area.

 

 

GENERAL COMMENTS

The subject company is engaged in Sea Port. It is reputed company in this line of business.

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 68.26

UK Pound

1

INR 91.22

Euro

1

INR 79.88

BDT

1

INR 0.80

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

VIV

 

 

Report Prepared by :

TPT

 

 

RATING EXPLANATIONS

 

Credit Rating

 

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

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.