MIRA INFORM REPORT
|
Report Date : |
07.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
STANDARD CHARTERED BANK |
|
|
|
|
Registered Office : |
67 Gulshan Avenue, Gulshan, Dhaka-1212 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Financials (as on) : |
30.06.2011 |
|
|
|
|
Year of Establishment : |
1948 |
|
|
|
|
Legal Form : |
Foreign Bank |
|
|
|
|
Line of Business : |
General Banking |
|
|
|
|
No. of Employees
: |
3,200 Persons |
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$ 50,000.00 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment
Behaviour : |
No Complaints |
|
|
|
|
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 |
Standard
Chartered Bank |
|
Address |
Alico Building,
18-20 Motijheel C/A, Dhaka-1000 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-8957272, 8332272 |
|
Fax No |
880-2-8332272 |
|
E-Mail |
|
|
Website |
|
|
Bangladesh Operation |
1948 |
|
Company Registration No |
The company registered in England
|
|
Legal Status |
Foreign Bank |
|
Business Type |
General Banking |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
LOCATIONS
|
Head Office |
67 Gulshan Avenue, Gulshan, Dhaka-1212 |
|
Telephone No |
880-2-8833003-4 |
|
Fax No |
880-2-8833005 |
|
E-Mail |
|
|
Website |
|
|
Branch |
26 |
|
Factory |
N/A |
|
S.W.I.F.T.: |
SCBLBDDX |
CEO
|
Name |
Mr. Jim McCabe |
|
Designation |
Country Chief Executive Officer |
|
Nationality |
N/A |
PARENT COMPANY
|
Name |
Standard Chartered Plc |
|
Share Percent |
100% |
|
Country |
England |
BUSINESS DETAILS
|
Line of Business |
General Banking |
|
Range of Services |
4 Personal Banking 4
Priority Banking 4 Islamic
Banking 4 SME
Banking 4
Wholesale Banking |
FINANCIAL INFORMATION
Parent
Company Balance Sheet
As
At 30 June 2011
Currency:
USD (In Million)
|
Assets |
2011 |
|
Cash and balances at central banks |
43,689 |
|
Financial assets held at fair value through profit or loss |
27,401 |
|
Derivative financial instruments |
50,834 |
|
Loans and advances to banks |
57,317 |
|
Loans and advances to customers |
262,126 |
|
Investment securities |
81,344 |
|
Other assets |
28,791 |
|
Current tax assets |
227 |
|
Prepayments and accrued income |
2,154 |
|
Interests in associates |
857 |
|
Goodwill and intangible assets |
7,397 |
|
Property, plant and equipment |
4,714 |
|
Deferred tax assets |
855 |
|
Total assets |
567,706 |
|
Liabilities |
|
|
Deposits by banks |
36,334 |
|
Customer accounts |
333,485 |
|
Financial liabilities held at fair value through profit or loss |
20,326 |
|
Derivative financial instruments |
49,637 |
|
Debt securities in issue |
38,640 |
|
Other liabilities |
25,983 |
|
Current tax liabilities |
1,162 |
|
Accruals and deferred income |
3,936 |
|
Subordinated liabilities and other borrowed funds |
16,004 |
|
Deferred tax liabilities |
150 |
|
Provisions for liabilities and charges |
176 |
|
Retirement benefit obligations |
312 |
|
Total
liabilities |
526,145 |
|
Equity |
|
|
Share capital |
1,190 |
|
Reserves |
39,743 |
|
Total parent
company shareholders’ equity |
40,933 |
|
Non-controlling interests |
628 |
|
Total equity |
41,561 |
|
Total equity and
liabilities |
567,706 |
Parent Company
Income Statement
For the Quarter
Ended 3o June 2011
Currency: USD (In
Million)
|
|
2011 |
|
Interest Income |
7,886 |
|
Interest expense |
(2,945) |
|
Net interest
income |
4,941 |
|
Fees and commission income |
2,401 |
|
Fees and commission expense |
(222) |
|
Net trading income |
1,366 |
|
Other operating income |
278 |
|
Non-interest
income |
3,823 |
|
Operating income |
8,764 |
|
Staff costs |
(3,224) |
|
Premises costs |
(422) |
|
General administrative expenses |
(731) |
|
Depreciation and amortisation |
(300) |
|
Operating expenses |
(4,677) |
|
Operating profit
before impairment losses and taxation |
4,087 |
|
Impairment
losses on loans and advances and other credit risk provisions |
(412) |
|
Other impairment |
(72) |
|
Profit from associates |
33 |
|
Profit before
taxation |
3,636 |
|
Taxation |
(1,032) |
|
Profit for the
period |
2,604 |
|
Profit attributable to: |
|
|
Non-controlling interests |
38 |
|
Parent company shareholders |
2,566 |
|
Profit for the
period |
2,604 |
|
Earnings per
share: (cents) |
|
|
Basic earnings per ordinary share |
07.0 |
|
Diluted earnings per ordinary share |
105.6 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
121.2584 |
|
U.S Dollar |
1 |
78.0000 |
|
European Euro |
1 |
104.5526 |
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 |
|
US$ 50,000.00 |
90 Days |
GENERAL INFORMATION
|
Employees |
3,200 |
|
Office Area (Sq.
Ft) |
3,500 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
3,800 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, Dhaka 4 Bangladesh Association of Bankers,
Dhaka |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.39 |
|
UK Pound |
1 |
Rs.80.20 |
|
Euro |
1 |
Rs.68.92 |
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 |
|
---- |
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.