MIRA INFORM REPORT
|
Report Date : |
23.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
UNITED COMMERCIAL BANK LIMITED |
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Registered Office : |
Plot-CWS-(A-1, Road No-34, Gulshan avenue),
Dhaka-1212 |
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Country : |
Bangladesh |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
26.06.1983 |
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Com. Reg. No.: |
C-10863 |
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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 |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
COMPANY DETAILS
|
Name |
United Commercial Bank Limited |
|
Address |
Narayangonj
Branch, 10, S.M Maleh Road , Tanbazar |
|
Country |
Bangladesh |
|
Telephone No |
880-2-7646628,
7641262 |
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Fax No |
880-2-7611262 |
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E-Mail |
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|
Website |
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Established |
1983 |
|
Company Registration No |
C-10863 |
|
Registration date |
26th
June, 1983 |
|
Legal Status |
Public Limited |
|
Issuing Authority |
The Registrar of Joint Stock of Companies & Firms, Dhaka |
|
Business Type |
General Banking |
|
Status |
Satisfactory |
|
Payment Behavior |
N/A |
|
Listed in |
4 Dhaka Stock Exchange Ltd (DSE) 4 Chittagong Stock Exchange Ltd (CSE) |
|
Stock Code |
UCBL |
LOCATIONS
|
Head Office |
Plot-CWS-(A-1,
Road No-34, Gulshan avenue, Dhaka-1212 |
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Telephone No |
880-2-8852500 |
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Fax No |
880-2-8852500-6000,
8852504 |
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E-Mail |
|
|
Website |
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|
SWIFT |
UCBLBDDHPRB |
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Branch |
108 Branches |
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Factory |
N/A |
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Factory Telephone No |
N/A |
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Factory Fax No |
N/A |
|
Warehouse |
N/A |
DIRECTORS
|
Name |
Mr. M. A. Hashem |
|
Designation |
Chairman |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Kazi Enamul
Hoque |
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Designation |
Vice-Chairman |
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Nationality |
Bangladeshi |
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|
|
Name |
Mr. M. Shahjahan
Bhuiyan |
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Designation |
Managing Director |
|
Nationality |
Bangladeshi |
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|
|
|
Name |
Hajee M.A. Kalam |
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Designation |
Director |
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Nationality |
Bangladeshi |
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|
|
Name |
Mr. M. A. Sabur |
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Designation |
Director |
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Nationality |
Bangladeshi |
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|
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Name |
Alhaj
Akhtaruzzaman Chowdhury, MP |
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Designation |
Director |
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Nationality |
Bangladeshi |
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|
|
Name |
Mr. Shabbir
Ahmed |
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Designation |
Director |
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Nationality |
Bangladeshi |
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|
|
Name |
Mr. Showkat Aziz
Russell |
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Designation |
Director |
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Nationality |
Bangladeshi |
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|
|
Name |
Mr. Riyadh Zafar
Chowdhury |
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Designation |
Director |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Nur Uddin
Javed |
|
Designation |
Director |
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Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Saifuzzaman
Chowdhury |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
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|
|
|
Name |
Mrs. Sultana
Rezia Begum |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Md. Jahangir
Alam Khan |
|
Designation |
Director |
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Nationality |
Bangladeshi |
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|
|
Name |
Mr. Sharif Zahir |
|
Designation |
Director |
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Nationality |
Bangladeshi |
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|
|
Name |
Mr. Tanvir Khan |
|
Designation |
Director |
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Nationality |
Bangladeshi |
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|
Name |
Mr. Ahmed Arif
Billah |
|
Designation |
Director |
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Nationality |
Bangladeshi |
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|
|
Name |
Mr. Emran Ahmed |
|
Designation |
Director |
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Nationality |
Bangladeshi |
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Name |
Mr. Nasim Kalam |
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Designation |
Director |
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Nationality |
Bangladeshi |
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|
Name |
Mr. Bazal Ahmed |
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Designation |
Director |
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Nationality |
Bangladeshi |
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|
Name |
Mrs. Qamrun
Nahar |
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Designation |
Director |
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Nationality |
Bangladeshi |
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|
Name |
Mrs. Setara
Begum |
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Designation |
Director |
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Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Nurul Islam
Chowdhury |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
General Banking |
|
Range of Services |
4 One Stop Service 4 Time Deposit Scheme 4 Monthly Savings Scheme 4 Deposit Insurance Scheme 4 Inward & Outward Remittances 4 Travelers Cheques 4 Import Finance 4 Export Finance 4 Working Capital Finance 4 Loan Syndication 4 Underwriting and Bridge Financing 4 Trade Finance 4 Industrial Finance 4 Foreign Currency Deposit A/C 4 NFCD ( Non Resident Foreign Currency Deposit Account ) 4 RFCD ( Resident Foreign Currency Deposit Account ) 4 Consumer Credit Scheme 4 Locker Service |
FINANCIAL INFORMATION
Balance
Sheet
As
At 31 December 2009
|
|
2009 |
|
CASH |
7,003,756,028 |
|
Cash in Hand (Including Foreign Currencies) |
1,227,332,119 |
|
Balance with Bangladesh Bank & Sonali Bank (Including Foreign
Currencies) |
5,776,423,909 |
|
BALANCE WITH
OTHER BANKS & FINANCIAL INSTITUTIONS |
2,419,277,292 |
|
In Bangladesh |
1,762,187,922 |
|
Outside Bangladesh |
657,089,370 |
|
MONEY AT CALL
AND SHORT NOTICE |
3,900,000,000 |
|
INVESTMENT |
9,346,392,014 |
|
Government |
7,879,872,964 |
|
Others |
1,466,519,050 |
|
LOANS AND
ADVANCES |
61,692,218,339 |
|
Loans, Cash Credit Overdrafts etc |
60,487,087,494 |
|
Bills purchased and discounted |
1,205,130,845 |
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PREMISES AND FIXED ASSETS |
1,305,810,015 |
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OTHER ASSETS |
4,816,328,155 |
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TOTAL ASSETS |
90,483,781,843 |
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LIABILITIES AND
CAPITAL |
|
|
LIABILITIES |
|
|
Borrowing From Other Banks, Financial Institution & Agent |
550,000,000 |
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Deposits & Other Accounts |
77,730,401,057 |
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Other Liabilities |
6,497,114,021 |
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Total
Liabilities |
84,778,315,078 |
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|
|
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Total
Shareholder’s Equity |
5,705,466,765 |
|
Total
Liabilities & Shareholder’s Equity |
90,483,781,843 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
120.5638 |
|
U.S Dollar |
1 |
73.1000 |
|
European Euro |
1 |
108.3781 |
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 |
|
NO RECOMMENDATION |
NO RECOMMENDATION |
GENERAL INFORMATION
|
Employees |
5,100 |
|
Office Area (Sq.
Ft) |
7,900 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
6,200 sq.ft.(rented) |
|
Range of
Products |
N/A |
|
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 |
COMMENTS
The subject is a public limited company engaged in general
banking and other related services. The bank has 108 branches all over the
country and they are quite popular among their clients.
Mr. M. Shahjahan Bhuiyan, 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.52.70 |
|
UK Pound |
1 |
Rs.82.44 |
|
Euro |
1 |
Rs.71.08 |
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.