MIRA INFORM REPORT
|
Report Date : |
17.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
ISLAMI BANK BANGLADESH LIMITED |
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|
|
|
Registered Office : |
Islami
Bank Tower, 40,
Dilkusha C/A, Dhaka
– 1000 |
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|
|
|
Country : |
Bangladesh |
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|
|
Financials (as on) : |
30.09.2011 |
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|
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Date of Incorporation : |
30.03.1983 |
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Com. Reg. No.: |
C-3241 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
General Banking |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 – 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 |
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Restricted |
C2 |
|
Off-credit |
D |
COMPANY DETAILS
|
Name |
Islami Bank
Bangladesh Limited |
|
Address |
Islami
Bank Tower, 40,
Dilkusha C/A, Dhaka - 1000 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-9563040, 9560099, 9567161,9567162, 9569417 |
|
Fax No |
880- 2- 9564532,
9568634 |
|
E-Mail |
|
|
Website |
|
|
Established |
March 1983 |
|
Company Registration No |
C-3241 |
|
Registration date |
30th March 1983 |
|
Issuing Authority |
The Registrar of Joint Stock of Companies & Firms, Dhaka. |
|
Legal Status |
Public Limited |
|
Stock Code |
ISLAMIBANK |
|
Business Type |
General Banking |
|
Status |
Satisfactory |
|
Litigation |
NIL |
LOCATIONS
|
Head Office |
Islami
Bank Tower, 40,
Dilkusha C/A, Dhaka – 1000, Bangladesh |
|
Telephone No |
880-2-9563040, 9560099, 9567161,9567162, 9569417 |
|
Fax No |
880- 2- 9564532,
9568634 |
|
E-Mail |
|
|
Website |
|
|
Branch |
254 |
|
Factory |
N/A |
|
S.W.I.F.T.: |
IBBLBDDH |
DIRECTORS
|
Name |
|
|
Designation |
Chairman |
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Nationality |
Bangladeshi |
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|
Name |
|
|
Designation |
Vice chairman |
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Nationality |
Arabic |
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|
Name |
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|
Designation |
Director |
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Nationality |
Arabic |
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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 |
Arabic |
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|
Name |
|
|
Designation |
Managing 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 |
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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 |
|
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 |
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|
Nationality |
Bangladeshi |
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Name |
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Designation |
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Nationality |
Bangladeshi |
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Name |
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Designation |
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Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
General Banking |
|
Range of Services |
4 Al-Wadeeah Current Account 4 Mudaraba Savings Account 4 Mudaraba Term Deposit Receipt 4 Mudaraba Special Notice Account 4 Mudaraba Special Savings (Pension) Account 4 Mudaraba Hajj Savings Account 4 Mudaraba Savings Bond Scheme 4 Mudaraba Foreign Currency Deposit Scheme (Savings) 4 Mudaraba Waqf Cash Deposit Account 4 Mudaraba Monthly Profit Deposit Scheme 4 Mudaraba Muhor Savings Deposit Scheme 4 Special Scheme 4 Rural Development Service 4 ATM Service 4 Special Service 4 Foreign Exchange Business |
FINANCIAL INFORMATION
Islami Bank Bangladesh Limited
Consolidated Balance Sheet
As of 30 September, 2011 (Un-Audited)
Currency: Taka
|
PROPERTY AND ASSETS |
2011 |
|
Cash in Hand |
40,556,770,140 |
|
Cash in hand (including foreign currency) |
4,704,037,899 |
|
Balance with Bangladesh Bank & its Agent Bank(s) (including
foreign currency) |
35,852,732,241 |
|
Balance with Other Banks & Financial Institutions |
18,051,206,974 |
|
In Bangladesh |
13,868,616,244 |
|
Outside Bangladesh |
4,182,590,730 |
|
Investments in Shares & Securities |
14,598,550,608 |
|
Government |
13,189,857,620 |
|
Others |
1,408,692,988 |
|
Investments |
291,738,567,275 |
|
General Investments etc. |
278,141,040,008 |
|
Bills Purchased & Discounted |
13,597,527,267 |
|
Fixed Assets including Premises |
6,950,902,572 |
|
Other Assets |
4,103,991,498 |
|
Total Assets |
375,999,989,067 |
|
LIABILITIES AND CAPITAL |
|
|
Liabilities |
|
|
Deposits & Other Accounts |
330,833,601,400 |
|
Mudaraba Savings Deposits |
125,434,401,409 |
|
Mudaraba Term Deposits |
64,972,483,167 |
|
Other Mudaraba Deposits |
98,742,056,275 |
|
Al- Wadeeah Current and Other Deposit Accounts |
38,459,222,993 |
|
Bills Payable |
3,225,437,556 |
|
Mudaraba Perpetual Bond |
3,000,000,000 |
|
Other Liabilities |
14,116,140,290 |
|
Deferred Tax Liabilities /(Assets) |
162,930,992 |
|
Total Liabilities |
348,112,672,682 |
|
Capital/ Share-holders' Equity |
27,887,316,385 |
|
Paid - up Capital |
10,007,712,000 |
|
Statutory Reserve |
7,934,963,742 |
|
Other Reserves |
5,272,780,020 |
|
Retained Earnings September-2011 |
4,671,799,171 |
|
Minority Interest |
61,452 |
|
Total Liabilities & Shareholders' Equity |
375,999,989,067 |
Islami Bank Bangladesh Limited
Consolidated Profit & Loss Account
For the Quarter ended 30 September, 2011
Currency: Taka
|
|
2011 |
|
Investment
Income |
23,038,532,838 |
|
Profit Paid on
Deposits |
(13,107,953,583) |
|
Net Investment
Income |
9,930,579,255 |
|
Income from
Investments in Shares & Securities |
219,326,621 |
|
Commission,
Exchange & Brokerage Income |
4,062,472,439 |
|
Other Operating
Income |
494,877,313 |
|
Total Operating
Income |
14,707,255,628 |
|
Operating
Expenses |
|
|
Salary &
Allowances |
2,642,077,061 |
|
Rent, Taxes,
Insurances, Electricity etc. |
320,175,975 |
|
Legal Expenses |
7,637,143 |
|
Postage, Stamps
and Telecommunication etc. |
65,030,490 |
|
Stationery,
Printing and Advertisement etc. |
87,934,190 |
|
Chief
Executive's Salary & Fees |
2,835,000 |
|
Directors' Fees
& Expenses |
6,493,160 |
|
Shariah
Supervisory Committees Fees & Expenses |
2,085,661 |
|
Depreciation and
Repair to Bank's Assets |
322,216,675 |
|
Zakat Expenses |
165,000,000 |
|
Changes in Fair
Value of Securities |
380,265,971 |
|
Other Expenses |
593,701,424 |
|
Total Operating
Expenses |
4,595,452,750 |
|
Profit/ (Loss)
before Provision |
10,111,802,878 |
|
Provision for
Investments & Off- Balance Sheet Items |
1,095,000,000 |
|
Total Provision |
1,095,000,000 |
|
Total
Profit/(Loss) before Taxes |
9,016,802,878 |
|
Current Tax |
4,367,011,223 |
|
Net Profit/
(Loss) after Tax |
4,649,791,655 |
|
Retained
Earnings from previous year/period |
22,007,968 |
|
Add: Net Profit
after Tax |
4,649,791,655 |
|
Profit available
for Appropriation |
4,671,799,623 |
|
Less:
Appropriation |
4,671,799,623 |
|
Retained
Earnings |
4,671,799,623 |
|
Earnings Per
Share (EPS) |
46.46 |
Auditors: Haowladar Yunus & Co
Chartered
Accountants
Dhaka
CAPITAL STRUCTURE
|
Authorized
Capital |
Tk. 20,000.00 million |
|
Paid Up Capital |
Tk. 10,007.71 million |
|
Each Share Value |
Tk.100 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
120.3664 |
|
U.S Dollar |
1 |
76.5300 |
|
European Euro |
1 |
103.0170 |
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 |
|
N/A |
N/A |
GENERAL INFORMATION
|
Employees |
11,033 |
|
Office Area (Sq.
Ft) |
3,400 sq.ft (Owned) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
N/A |
|
Export Market |
N/A |
|
Certifications |
N/A |
|
Group Name |
N/A |
|
Subsidiaries /
Affiliates |
4 Islami Bank Foundation 4 Islami Bank Hospital 4 Islami Bank Medical College, Rajshahi 4 Community Hospital 4 Monoram: Islami Bank Crafts & Fashion 4 Islami Bank Institute of Technology |
|
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.50.90 |
|
UK Pound |
1 |
Rs.80.30 |
|
Euro |
1 |
Rs.68.48 |
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 |
|
---- |
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.