BANGLADESH: BLUE LANTERN REPORT ON DAKIV CORPORATION

UNCLAS DHAKA 001200 SIPDIS SIPDIS DEPARTMENT PLEASE PASS TO TIM WATKINS AND PM/DTCC - BLUE LANTERN COORDINATOR E.O. 12958: N/A TAGS: ETTC KOMC BG SUBJECT: BANGLADESH: BLUE LANTERN REPORT ON DAKIV CORPORATION REF: STATE 099819 ¶1. SUMMARY. Post is pleased to confirm in response to reftel's Blue Lantern request that DAKIV is a bona fide business with a history of providing aircraft parts to the Bangladesh military. This is based on information obtained from research within the Embassy, discussions with outside sources, and from a site visit to DAKIV's offices. Econoff found nothing which raised any concerns about DAKIV or its ability to properly comply with its responsibilities under U.S. laws. END SUMMARY. ¶2. COMPANY PROFILE. DAKIV Corporation is a small, privately owned business, incorporated in July 2000 and licensed by the Dhaka City Corporation as a sole proprietorship. DAKIV supplies a wide range of equipment to the Director General of Defense Purchase (DGDP) for defense sectors such as medical equipment, computers and accessories, and signal equipment, but its specialty is in aviation equipment and accessories. DAKIV has many former military officers as managers and officers, and works with both manufacturers and component overhaul workshops worldwide. Since 2003 it has been supplying engine and airframe parts and accessories for the Bangladesh Air Force. DAKIV provided Econoff with copies of DGDP registration (dated 9 Jan 2002) and subsequent renewal (dated 21 Feb 2007); copies have been scanned and emailed. ¶3. IN PERSON VISIT. Econoff and EconFSN visited DAKIV's offices on July 23, 2007 and met with Muhammad Abu Sayeed, General Manager. Also present was Muhammad Alamgir, Managing Director of BS Group, DAKIV's parent company. During the visit, both were courteous, knowledgeable, and enthusiastic to help with the inquiries. EconFSN had previously interacted with them when post prepared an International Company Profile for DAKIV on behalf of DERCO Aerospace, Inc. (a US company) in April, 2007. Post's recommendation was that DAKIV Corporation is a suitable partner / agent for DERCO Aerospace in Bangladesh; DAKIV reports they have subsequently communicated several tenders to DERCO and look forward to an expanding business relationship. DAKIV does not currently deal in arms and armaments, but has provided the Bangladesh Air Force with sophisticated electronics and communications, including Honeywell radars. The address given in reftel is DAKIV's registered address and their parent company (BS Group) maintains administrative offices there; DAKIV's main offices are at House-3, Road-11, Block-G, Bananai, Dhaka-1213, Bangladesh. The telephone number is correct. ¶4. ORGANIZATIONS AND CLIENTS. DAKIV Corporation is a member of the Dhaka Chamber of Commerce and Industry, and has a very good reputation for technical knowledge and commitment to service. DAKIV's bankers report that DAKIV is solvent, but that transactions are currently lower than previously. DAKIV lists the following clients: Motor Sich JSC, Ukraine; Ulan-Ude Aviation Plant, Russia; Flite Industries Pte Ltd., Singapore; Kharkov Machine Building Plant QFed,Q Ukraine; State Enterprise Konotop Aircraft Repair Plant QAviakonQ, Ukraine; Odessaviarem Service, Ukraine; State Enterprise QAvionikaQ, Ukraine; Jet Aviation Zurich A.G., Switzerland; Guinault S.A., France; and TSS International, UK. ¶5. CONCLUSION AND POINT OF CONTACT. Post recommends approving DAKIV Corporation's application. Point of contact for this is Carter Wilbur, wilburcw@state.gov, 8802-885-5500 xt 2206. PASI