Project Profile

THE COMPANY CHITTAGONG DRY DOCK LTD.
Company Description Chittagong Dry Dock Ltd. was set-up 1985 at Potenga Chittagong. Total land area 43.27 acres. It has facilities of Dry Docking and repair of seagoing vessels upto 16,500 DWT, on board repair facilities for trawlers / coastal vessels etc. also for manufacturing of portable steel bridges, trucks, sluice gate, steel tower and other various heavy steel structures. It is provided with Plate Bending Roller, Welding machine, Lathe, Drilling M/S, Power Saw, Milling, Grinding, Press, Cutting, Soldering, Compressor, Fork lift and various Testing & Checking Equipments.
History of the Company The project work has started in 1967. In 1971 the project work stopped due to liberation war. After independence the project work restarted after revival and revalidation of the agreement with Yougoslave Govt. and their firms M/S. PIM and Brodimeks.

In 1978 a new dock was integrated for construction of seagoing vessels in place of a slipway with a plan to construct three vessels of 16,500 DWT in two years and carry out docking of 30 vessels and repair 50 vessels a year. Later on, due to financial constraint the project dock was not constructed.

Though finnaly implemented in 1985 the plant actually started its operation in 1981 after the commissioning of the gracing dock.
Operational Structure Chittagong Dry Dock Ltd. is a job type industry. Types of job done are ship repair with Dry Docking, Afloat repair, Heavy structure works & Misc. works. As per requirement ships are dry docked & necessary repair & maintenance works are done and after inspection jobs are decliered. During repair workshop facilities are used. Heavy steel fabrication & Misc. works are done in shops.
Human Officers Technical Non-Technical Staff Workers Total
Resources - 45 29 169 209 452
Organisation The limited company with authorised capital of TK. 100.00 core and paid up capital of TK. 71.05 core divided 7,104,520 no. of ordinary shares of TK. 100.00 each. The Company is run by a Board Of Directors appointed by Govt. under Company Act. Operation of Company is controlled by a Managing Director appointed by BSEC. (Bangladesh Steel & Engineering Corporation). He is also a Director of the Company Board.
Sector Industrial Sector of the Country : Shipbuilding & Engineering Sector.
Regulatory Environment Regulated under the industrial policy of the Govt. externally by fiscal and monitory policy of the Govt. and budgetary control. The company internally regulated by the Memorandum and Articles of Association of the Company.
Current Status Running
Shareholders Govt of Peoples Republic of Bangladesh. Percentage(%) 100 %

Income Statement (1996-97)
Income Statement (1996-97) Taka in Core
Particulars -
Sales (net of Taxes) 12.53
Less : Cost of Sales 10.75
Gross Profit : 1.78
Less Admn. & Selling Expenses 3.04
Financial Expenses 3.68
Net Profit/(Loss) (4.94)

Balance Sheet (1996-97)
Particulars Taka in Core
Assets -
Current Assets 20.00
Fixed Assets 216.04
Total Assets 236.04
Liabilities of Capital -
Current Liabilities 5.47
Long Term Liabilities 205.83
Capital 24.74
Total Liabilities & Capital 236.04

Key Balance Sheet Features
Current Ratio 3.66:1
Quick Ratio 2.35:1
Gross Profit to Sales 11.45%

Prequalification Conditions for Potential Bidders Nill

Key Contacts Privatization Board, 10 Dilkusha C/A, Jibon Bima Tower (14th Floor), Dhaka-1000, Bangladesh. Tel: 88-02-9551986 Fax: 88-02-9556433