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Western Marine Shipyard Limited (Bangladesh)

Main Activities: Ship and Boat Building
Full name: Western Marine Shipyard Limited Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Western Marine Shipyard Ltd. is a shipbuilding company located in Chattogram, Bangladesh. It was established in the year 2000 by a group of marine professionals specialized in ship-repair and export of marine supplies. The company's main goal was to develop a cluster of technological excellence to meet the global demand of the maritime industry. Initially, the company started as a shipbuilder with its own shipyard in Chattogram, focusing on building inland vessels and barges. Over time, it grew to become a major shipbuilding company with a world-class shipyard standing over 45 acres of land. The shipyard is equipped with hi-tech and heavy tech machinery and employs around 3500 people, including skilled and semi-skilled laborers. The company has gained recognition worldwide and is currently constructing ocean-going vessels for various countries such as Germany, Denmark, Tanzania, New Zealand, Kenya, the UAE, Norway, India, Equador, and more. Western Marine Shipyard has received certifications for health and safety, environment, and quality, making it the only Integrated Management System certified company in Bangladesh. The company has also received awards for its performance in high-tech industries and its contribution to the export sector in the country. Currently, the shipyard is building more than 39 ships, including deep-sea fishing trawlers, port utility vessels, tugs, container ships, tankers, bulk carriers, and passenger ships.

Headquarters
1440/A-8, Amin Future Park (7Th Floor), Strand Road, Bandar
Chittagong; Chittagong; Postal Code: 4100

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Website: http://www.wms.com.bd

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
July 11, 2000
Key Executives
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Chairman
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Chief Financial Officer
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Managing Director
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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8.9%
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2.04%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BDT. Absolute financial data is included in the purchased report.
Net sales revenue
0.35%
Total operating revenue
0.35%
Operating profit (EBIT)
24.08%
EBITDA
9.76%
Net Profit (Loss) for the Period
-16.76%
Total assets
7.5%
Total equity
-10.44%
Operating Profit Margin (ROS)
6.51%
Net Profit Margin
-0.25%
Return on Equity (ROE)
-0.08%
Debt to Equity Ratio
95.87%
Quick Ratio
-0.58%
Cash Ratio
-0.08%

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