MIRA INFORM REPORT
|
Report Date : |
27.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
BANGLADESH KRISHI BANK |
|
|
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Registered Office : |
Krishi Bank Bhaban, 83-85 Motijheel Commercial Area, |
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Country : |
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Financials (as on) : |
30.06.2009 |
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Year of Establishment : |
1973 |
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Com. Reg. No.: |
Not Available |
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Legal Form : |
Government Owned specialized Bank |
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Line of Business : |
financing in
Agricultural Sector and Commercial Banking. |
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 |
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|
|
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Payment
Behaviour : |
No Complaints |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Bangladesh |
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
COMPANY DETAILS
|
Name |
Bangladesh Krishi Bank |
|
Address |
Krishi Bank
Bhaban, 83-85 Motijheel Commercial Area, |
|
Country |
|
|
Telephone No |
880-2-9560021 |
|
Fax No |
880-2- 9561211,
9556903, 9553028 |
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E-Mail |
|
|
Website |
|
|
Established |
1973 |
|
Company Registration No |
N/A |
|
Registration date |
N/A |
|
Issuing Authority |
N/A |
|
Legal Status |
Government Owned specialized Bank has been established under the
Bangladesh Krishi Bank order 1973 (President's Order No 27 of 1973). |
|
Stock Code |
N/A |
|
Business Type |
Financing In
Agricultural Sector And Commercial Banking |
|
Status |
Satisfactory |
|
Litigation |
NIL |
LOCATIONS
|
Head Office |
Krishi Bank
Bhaban, 83-85 Motijheel Commercial Area, |
|
Telephone No |
880-2-9560021 |
|
Fax No |
880-2- 9561211,
9556903, 9553028 |
|
E-Mail |
|
|
Website |
|
|
Branch |
952 |
|
Factory |
N/A |
|
S.W.I.F.T.: |
BKBABDDH |
DIRECTORS
|
Name |
Mr. Khondkar Ibrahim
Khaled |
|
Designation |
Chairman |
|
Nationality |
Bangladeshi |
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|
|
|
Name |
|
|
Designation |
Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. C. Q. K. Mustaq
Ahmed |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Mosharraf Hossain |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
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Name |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
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|
Designation |
Director |
|
Nationality |
Bangladeshi |
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Name |
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Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
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|
Designation |
Director |
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Nationality |
Bangladeshi |
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|
Name |
|
|
Designation |
Director |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
Financing In
Agricultural Sector And Commercial Banking |
|
|
4 Corporate Financing 4 Credit Programs 4 Current Deposit Account 4 Short Term Deposit (STD) Accoun 4 Savings Bank Account 4 Fixed Deposit Receipt (FDR) Account 4 Time Deposits (BKB own products) 4 Education Savings Scheme 4 International Banking 4 Poverty Alleviation and Micro-credit Programs/Projects |
FINANCIAL INFORMATION
Bangladesh Krishi Bank
Balance Sheet
AS AT 30 June 2009
Currency:
Bangladeshi Taka
|
|
2008-2009 |
|
Cash |
1,811,880,938 |
|
Cash in Hand (including foreign currency) |
905,940,469 |
|
Balance with Bd. Bank & Sonali Bank |
12,517,665,933 |
|
Balance with other banks and financial institutions |
3,432,033,681 |
|
In |
3,326,386,140 |
|
Outside |
105,647,541 |
|
|
|
|
Investments |
1,511,989,500 |
|
Government |
1,477,550,500 |
|
Others |
34,439,000 |
|
Loans and Advances: |
98,306,531,798 |
|
Loans, cash credits, Overdrafts etc. |
96,628,276,417 |
|
Bills Purchased and Discounted |
1,678,255,381 |
|
Fixed Assets including premises, furniture & fixtures: |
1,713,005,655 |
|
Other Assets |
22,428,721,450 |
|
Total
Assets |
129,204,163,022 |
|
Liabilities: |
|
|
Borrowing from other banks, financial institutions and
agents |
34,923,592,906 |
|
In side |
34,579,945,682 |
|
Out side |
343,647,224 |
|
Deposits and
Other Accounts: |
94,908,759,072 |
|
Current and Contingency Accounts |
21,211,852,402 |
|
Bills Payable |
925,392,168 |
|
Savings Deposit |
27,240,408,904 |
|
Fixed Deposit |
45,531,105,598 |
|
Other Liabilities |
24374634886 |
|
Total
Liabilities: |
154,206,986,864 |
|
Owners'
Equity |
|
|
Paid-up Capital |
9,000,000,000 |
|
Other Reserve |
2,059,927,847 |
|
Surplus/(Deficit) in Profit/ (Loss) Accounts |
(24,451,026,225) |
|
Total
Owners' Equity |
(13,391,098,37) |
|
Total Liabilities & Owners' Equity |
140,815,888,486 |
Bangladesh Krishi Bank
Profit & Loss Account
For the Year Ended
30 June 2009
Currency:
Bangladeshi Taka
|
Particulars |
2008-2009 |
|
Interest Income |
8,948,064,420 |
|
Less: Interest paid on Deposit & Borrowings |
6562226368 |
|
Net Interest Income |
2,385,838,052 |
|
Income from
Investment |
76,034,185 |
|
Commission, Exchange & Brokerage |
543003136 |
|
Other Receipts |
299126121 |
|
Total Operating Income |
3,304,001,494 |
|
Salary &
Allowance |
2635897985 |
|
Rent, Taxes,
Insurance, Lighting etc. |
167,220,351 |
|
Law Charges |
709,205 |
|
Postage, Telegram, Telephone & Stamps |
(1,420,973) |
|
Auditor's Fees |
815,000 |
|
Stationery, Printing & Advertisement |
29,225,551 |
|
Pay & Allowances of Managing Director |
592,380 |
|
Director's Fees & Traveling Allowances |
490,100 |
|
Depreciation & Repairs of Bank Property |
45,490,994 |
|
Other Expenses |
299,765,626 |
|
Total Operating Expenditure |
3,178,786,219 |
|
Profit / (Loss) before provision : |
125,215,275 |
|
Provision for bad & doubtful Loan |
125,215,275 |
|
Total Provision |
125,215,275 |
Auditors: Zoha Zaman Kabir Rashid & Co
Chartered
Accountants
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk.15,000 Million |
|
Paid Up Capital |
Tk.9000 Million |
|
Each Share Value |
N/A |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
|
1 |
115.9663 |
|
U.S Dollar |
1 |
71.3200 |
|
European Euro |
1 |
98.4359 |
ADVERSE DATA MONITORING
|
Dishonored
Checks |
No Record Found |
|
Debt |
No Record Found |
|
Litigation |
No Record Found |
|
Performance
Defaults |
No Record Found |
|
Adverse Press
Coverage |
No Record Found |
|
Money Laundering |
No Record Found |
MAXIMUM RECOMMENDED CREDIT
|
Amount |
Based On |
|
USD 200,000.00 |
60 days |
GENERAL INFORMATION
|
Employees |
30,000 |
|
Office Area (Sq.
Ft) |
3,200 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
3,500 sq.ft.(rented) |
|
Export Market |
N/A |
|
Certifications |
N/A |
|
Group Name |
N/A |
|
Subsidiaries /
Affiliates |
N/A |
|
Member |
4 Dhaka Chamber of Commerce &
Industries, 4 |
COMMENTS
The subject is a Government
Owned specialized Bank has been established under the Bangladesh Krishi
Bank order 1973 (President's Order No 27 of 1973)., engaged in financing in
agricultural sector and commercial banking.
The primary objective of BKB is to provide credit facilities
to the farmers for the development of agriculture and entrepreneurs engaged in
development of agro-based and cottage industries. The Bank is guided in
accordance with the policies and principles of the Government of the Peoples
Republic of Bangladesh.
The Board Chairman is generally an experienced
professional/ex-professional who has wide acceptability and rapport. The
Managing Director is the Chief Executive of the Bank. He is appointed by the
government.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.05 |
|
|
1 |
Rs.75.20 |
|
Euro |
1 |
Rs.66.48 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.