MIRA INFORM REPORT
|
Report Date : |
26.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
JANATA BANK LIMITED |
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|
|
|
Registered Office : |
48, Motijheel Commercial Area, Dhaka-1000 |
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Country : |
Bangladesh |
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|
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
15.11.2007 |
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Com. Reg. No.: |
C-66933 |
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Legal Form : |
Public Limited
Company |
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Line of Business : |
General Banking and other Related Services |
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 |
|
Maximum Credit Limit : |
US$ 70,000.00 |
|
|
|
|
Status : |
Good |
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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 |
Janata Bank
Limited |
|
Address |
1,
Dilkusha Commercial Area, Dhaka-1000 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-9556242-44, 9553106,
9556241 |
|
Fax No |
880-2-9563639 |
|
E-Mail |
|
|
Website |
|
|
Established |
1972 |
|
Company Registration No |
C-66933 |
|
Registration date |
15th
November 2007 |
|
Legal Status |
Public Limited |
|
Issuing Authority |
The Registrar of Joint Stock of Companies, Dhaka. |
|
Business Type |
General Banking |
|
Status |
Satisfactory |
LOCATIONS
|
Head Office |
48, Motijheel
Commercial Area, Dhaka-1000, Bangladesh |
|
Telephone No |
880-2-9566094,
9565003, 9566089, 9560219, 9564375, 9558509, 7168883, 9571676, 9554654 |
|
Fax No |
880-2-7113233 |
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E-Mail |
|
|
Website |
|
|
Branch |
864 |
|
Factory |
N/A |
|
S.W.I.F.T.: |
JANBANK |
DIRECTORS
|
Name |
Professor Dr. Abul Barkat |
|
Designation |
Chairman |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. S.M. Aminur Rahman |
|
Designation |
Managing
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Chowdhury Abdul Quayum |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Dr. Jamal Uddin Ahmed, FCA |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Dr. Fahmida Khatun |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Fazle Kabir |
|
Designation |
Director |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Mohammad Nazibar Rahman |
|
Designation |
Director |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Balaram Podder |
|
Designation |
Director |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Dabir Uddin Ahmed |
|
Designation |
Director |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Dr. M A Rouf Sarder |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
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|
|
|
Name |
Al Hajj A K M Shajahan Kamal |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Dr. R. M. Debnath |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
General Banking |
|
Range of
Services |
4 Internet Banking 4 New/Special Products |
FINANCIAL INFORMATION
Balance
Sheet
As At 31
December, 2010
|
PROPERTY AND ASSETS |
Taka |
|
Cash |
17,597,592,643 |
|
Cash in
hand (Including foreign currency) |
4,126,838,534 |
|
Balance with
Bangladesh Bank and it's agent bank(s) (including foreign currencies) |
13,470,754,109 |
|
Balance with other banks and financial institution: |
6,167,291,516 |
|
In Bangladesh |
1,955,393,176 |
|
Outside Bangladesh |
4,211,898,340 |
|
Money at call and on short notice |
3,607,144,341 |
|
Investment |
57,514,002,747 |
|
Government Sec |
52,365,407,137 |
|
Others |
5,148,595,610 |
|
Loans and
advances: |
225,732,208,529 |
|
Loans, cash credits, overdrafts, etc |
201,992,193,398 |
|
Bills discounted and
purchased |
23,740,015,131 |
|
Fixed assets including premises and furniture’s |
6,299,906,482 |
|
Other assets |
28,315,781,897 |
|
Non banking
assets |
------------------- |
|
Total Property And Assets |
345,233,928,155 |
|
Liabilities And
Capital |
|
|
Borrowings from
other banks, financial institutions and agents |
50,488,931 |
|
Deposits and
other accounts: |
286,566,890,434 |
|
Current accounts and other accounts |
51,538,944,043 |
|
Bills payable |
3,238,018,927 |
|
Savings bank deposits |
82,657,203,480 |
|
Fixed deposits |
149,132,723,984 |
|
Other deposits |
-------------------- |
|
Bearer
certificates of deposits |
----------------- |
|
Other Liabilities |
38,226,221,808 |
|
Total Liabilities |
324,843,601,173 |
|
Capital/Shareholder's Equity : |
|
|
Paid-up
Capital |
5,000,000,000 |
|
Statutory
Reserve |
4,187,614,331 |
|
Legal
Reserve |
62,678,337 |
|
Assets
revaluation reserves |
4,251,013,927 |
|
Foreign
investment revaluation reserves |
115,800,000 |
|
Revaluation
reserve for HTM |
367,649,079 |
|
Revaluation
reserve for HFT |
1,238,393,681 |
|
Surplus in
profit/(loss) account |
5,167,177,626 |
|
Total
shareholders' equity |
20,390,326,982 |
|
TOTAL
LIABILITIES & SHARE HOLDERS' EQUITY |
345,233,928,155 |
Profit And Loss Account
For the Year Ended 31 December, 2010
|
OPERATING INCOME |
Taka |
|
Interest-Income |
19,027,541,063 |
|
Interest-paid on deposits borrowings etc. |
(11,960,330,916) |
|
Net Interest Income |
7,067,210,147 |
|
Income from Investment |
6,956,055,481 |
|
Commission, Exchange and Brokerage |
3,459,612,651 |
|
Other Operating Income |
1,170,721,669 |
|
Total Operating Income (A) |
18,653,599,948 |
|
OPERATING EXPENSES |
|
|
Salary and allowances |
5,162,418,734 |
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Rent, taxes, insurance, electricity etc |
471,334,402 |
|
Legal expenses |
5,720,999 |
|
Postage, stamp, telecommunication etc. |
12,513,364 |
|
Stationery, printing, advertisements etc. |
131,712,692 |
|
Chief Executive’s salary and fees |
4,200,000 |
|
Directors' fees and expenses |
2,517,000 |
|
Auditors' fees |
4,369,636 |
|
Depreciation
and repair of bank's assets |
215,336,259 |
|
Other expenses |
607,071,521 |
|
Total Operating Expenses (B) |
6,617,194,607 |
|
Profit/(Loss) before amortization, provision & tax ( C ) =(A-B) |
12,036,405,341 |
|
Amortization of valuation adjustment D)* |
998,571,947 |
|
Profit/(Loss) before provision & tax ( E ) =(C-D) |
11,037,833,394 |
|
Provision for loans and advances |
812,401,521 |
|
Provision for off balance sheet items |
330,000,000 |
|
Provision
for other assets |
--------------- |
|
Provision for
SAF & Gratuity |
1,000,000,000 |
|
Other provisions |
1,075,000,000 |
|
Total provision
(F) |
3,217,401,521 |
|
Total
profit/(loss) before income tax G = (E-F) |
7,820,431,873 |
|
Provision for
taxation ( Including Ruler Tax) (H) |
2,064,623,940 |
|
Prior
Year |
----------------- |
|
Current
Year |
2,064,623,940 |
|
Deferred
tax |
847,833,100 |
|
Net
profit/(loss) after taxation I = (G-H) |
4,907,974,833 |
|
Appropriations |
1,573,363,669 |
|
Statutory
Reserve |
1,564,086,375 |
|
General Reserve |
----------------- |
|
Legal Reserve |
9,277,294 |
|
Surplus
transferred to retained earnings |
3,334,611,164 |
|
Earnings per
share |
9 8.16 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
120.9072 |
|
U.S Dollar |
1 |
73.8500 |
|
European Euro |
1 |
106.4622 |
ADVERSE DATA MONITORING
|
Dishonored
Checks |
No Found |
|
Debt |
No Records Found |
|
Litigation |
No Records Found |
|
Performance
Defaults |
No Records Found |
|
Adverse Press
Coverage |
No Records Found |
|
Money Laundering |
No Records Found |
MAXIMUM RECOMMENDED CREDIT
|
Amount |
Based On |
|
US$ 70,000.00 |
60 Days |
GENERAL INFORMATION
|
Employees |
13,000 |
|
Office Area (Sq.
Ft) |
3,700 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
2,900 sq.ft.(rented) |
|
Export Market |
N/A |
|
Certifications |
N/A |
|
Group Name |
NIL |
|
Subsidiaries /
Affiliates |
NIL |
|
Member |
4 Bangladesh
Associations of Bankers, Dhaka 4 Dhaka Chamber
of Commerce & Industries, Dhaka |
COMMENTS
The subject is a public limited company engaged in general
banking and other related services. The bank has 860 branches all over the country and 4 overseas branches in UAE
and they are quite popular among their clients. Janata Bank is one of the
stated owned commercial bank in Bangladesh. The company was originally
established in 1972 and later incorporated in 2007 as a Public Limited Company.
Mr. S M Aminur Rahman, the managing director of the bank is an
experienced banker and knows his job well.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.13 |
|
UK Pound |
1 |
Rs.75.52 |
|
Euro |
1 |
Rs.66.53 |
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 |
|
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NB |
New Business |
---- |
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.