MIRA INFORM REPORT
|
Report Date : |
04.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
NATIONAL BANK LIMITED |
|
|
|
|
Registered Office : |
18 Dilkusha Commercial Area, Dhaka |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Financials (as on) : |
30.06.2011 |
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|
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Year of Establishment : |
1983 |
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|
|
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Com. Reg. No.: |
C-10593 |
|
|
|
|
Legal Form : |
Public
Limited Company |
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|
|
|
Line of Business : |
General 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 |
|
Maximum Credit Limit : |
US$ 60,000.00 |
|
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 – 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 |
National Bank
Limited |
|
Address |
18 Dilkusha Commercial
Area, Dhaka |
|
Country |
Bangladesh |
|
Telephone No |
880-2-956-3081,966-6584 |
|
Fax No |
880-2-956-3953,
966-9404 |
|
E-Mail |
|
|
Website |
|
|
Established |
1983 |
|
Incorporation No |
C-10593 |
|
Issuing Authority |
The Registrar of Joint Stock of Companies & Firms, Dhaka. |
|
Legal Status |
Public Limited |
|
Stock Code |
NBL |
|
Business Type |
General Banking |
|
Status |
Satisfactory |
|
Litigation |
NIL |
LOCATIONS
|
Head Office |
18 Dilkusha
Commercial Area, Dhaka, Bangladesh |
|
Telephone No |
8802-9563081,
9666584 |
|
Fax No |
8802-9563953,
9669404 |
|
E-Mail |
ho@nblbd.com |
|
Website |
www.nblbd.com |
|
Branch |
130 |
|
Factory |
N/A |
|
S.W.I.F.T.: |
NBLBBDDH |
DIRECTORS
|
Name |
|
|
Designation |
Chairman |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Neaz Ahmed |
|
Designation |
Managing Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Moazzam Hossain |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mrs. Parveen Haque Sikder |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
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|
|
|
Name |
|
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
|
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Zakaria Taher |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
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|
|
|
Name |
|
|
Designation |
Director |
|
Nationality |
Bangladeshi |
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|
|
|
Name |
|
|
Designation |
Director |
|
Nationality |
Bangladeshi |
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|
|
|
Name |
|
|
Designation |
Director |
|
Nationality |
Bangladeshi |
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|
|
|
Name |
Mr. Salim Rahman |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
Mr. Mabroor Hossain |
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
|
|
Designation |
Director |
|
Nationality |
Bangladeshi |
|
|
|
|
Name |
|
|
Designation |
Director |
|
Nationality |
Bangladeshi |
BUSINESS DETAILS
|
Line of Business |
General Banking |
|
Range of Services |
DEPOSIT PRODUCTS 4 Savings Deposit 4 Current Deposit 4 Term Deposit 4 Short Term Deposit 4 Fixed Deposit 4 Foreign Currency Deposit 4 RFC Deposit 4 NFC Deposit 4 NBL Monthly Saving Scheme CREDIT PRODUCTS 4 Overdraft 4 Lease Financing 4 House Building 4 Small Medium Enterprise 4 Consumer Credit Scheme 4 Trade Finance CARDS 4 Credit Card 4 NBL Power Card |
FINANCIAL INFORMATION
Consolidated Balance Sheet (Un-audited)
As at June 30,
2011
|
PROPERTY AND ASSETS |
Taka |
|
Cash |
|
|
In Hand (including foreign currencies) |
1,541,295,123 |
|
Balance with Bangladesh Bank and its agent bank(s) (Including Foreign currencies) |
7,986,160,859 |
|
|
9,527,455,982 |
|
|
|
|
Balance with other banks and financial institutions |
|
|
In Bangladesh |
1,307,791,684 |
|
Outside
Bangladesh |
2,167,596,302 |
|
|
3,475,387,986 |
|
Money at call and short notice |
99,500,000 |
|
Investments |
|
|
Government |
21,270,067,968 |
|
Others |
8,295,273,560 |
|
|
29,565,341,528 |
|
|
|
|
Loans
& Advances |
|
|
Loan, Cash, Credit, overdraft etc |
98,262,224,387 |
|
Bill discounted and Purchased |
6,185,501,602 |
|
|
104,447,725,989 |
|
Fixed
Assets including Land, Building, Furniture & Fixtures |
2,013,679,615 |
|
Other
Assets |
2,783,393,441 |
|
Non
Banking Assets |
372,393,241 |
|
Total Assets |
152,284,877,782 |
|
|
|
|
LIABILITIES
& CAPITAL |
|
|
|
|
|
Borrowing from other Banks,
Financial Institutions and Agents |
6,290,340,971 |
|
|
|
|
Deposit and
other accounts |
|
|
Current Accounts & Other Accounts |
15,417,960,032 |
|
Bills Payable |
1,848,533,283 |
|
Savings Bank deposits |
20,187,938,273 |
|
Fixed Deposits |
52,806,610,321 |
|
Term Deposits |
24,751,749,979 |
|
Bearer Certificate Of Deposits |
15,825,000 |
|
|
115,028,616,888 |
|
Subordinated bond |
4 2,500,000,000 |
|
Other liabilities |
8,765,888,747 |
|
TOTAL LIABILITIES |
132,584,846,606 |
|
Shareholder
Equity: |
|
|
Paid up Capital |
8,603,656,030 |
|
Statutory Reserve |
5,060,665,283 |
|
General Reserve |
497,723,327 |
|
Other Reserve |
2,274,712,720 |
|
Retained Earnings |
3,263,153,471 |
|
TOTAL SHAREHOLDERS' EQUITY |
19,699,910,831 |
|
Non-controlling Interests |
120,345 |
|
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
152,284,877,782 |
Consolidated Profit and Loss Account (Un-audited)
For the half year
ended from January 01, 2011 to June 30, 2011
|
Interest Income |
6,447,147,566 |
|
Less Interest Paid on Deposits & Borrowing etc. |
3,959,372,451 |
|
Net Interest Income |
2,487,775,115 |
|
Income from Investment |
1,216,360,386 |
|
Commission, Exchange and Brokerage |
1,108,157,684 |
|
Other Operating Income |
1,479,960,257 |
|
Total Operating Income |
6,292,253,442 |
|
Salary & Allowances |
823,999,378 |
|
Rent, Tax, Insurance, Lighting etc. |
135,171,073 |
|
Legal expenses |
8,252,109 |
|
Postage, Stamps & Telecommunication |
28,323,798 |
|
Stationery, printing, advertisement, etc. |
63,108,716 |
|
Managing Director’s Salary & Allowances |
5,070,000 |
|
Directors' fees and other benefits |
5,070,000 |
|
Audit fees |
---------- |
|
Charges on Loan
losses |
---------- |
|
Repair, Maintenance & Depreciation |
139,538,572 |
|
Other
Expenses |
207,126,846 |
|
Total Operating Expenses |
1,415,197,832 |
|
Profit before provision |
4,877,055,610 |
|
Provision for Loans & Advances |
|
|
Specific Provision |
------------- |
|
General Provision |
170,000,000 |
|
|
170,000,000 |
|
Provision for other classified assets |
----------- |
|
Total
Provision |
170,000,000 |
|
|
|
|
Profit
Before Tax |
4,707,055,610 |
|
Provision for taxation |
1,484,801,153 |
|
Deferred tax (income)/expenses |
|
|
|
1,484,801,153 |
|
Net Profit after taxation |
3,222,254,457 |
|
Non-controlling Interests |
20,345 |
|
Profit after tax without minority interests |
3,222,234,112 |
|
Retained earnings brought forward from previous year |
5,112,856,189 |
|
|
8,335,090,301 |
|
Appropriations |
|
|
Statutory reserve |
(880,412,100) |
|
Transferred to general reserve |
------------- |
|
Dividend (Bonus share) |
(4,191,524,730) |
|
|
(5,071,936,830) |
|
Retained earnings carried forward |
3,263,153,471 |
|
Earnings per share (Re-stated) |
3.75 |
EXCHANGE RATE
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
120.3079 |
|
U.S Dollar |
1 |
74.2000 |
|
European Euro |
1 |
105.3566 |
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$ 60,000.00 |
N/A |
GENERAL INFORMATION
|
Employees |
4,800 |
|
Office Area (Sq.
Ft) |
4,800 sq.ft (rented) |
|
Factory Area (Sq.
Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
3,200
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 |
COMMENTS
The subject is a public limited company engaged in general
banking and other related services. The bank has 130 branches all over the country and they are quite popular among
their clients.
Mr. Neaz Ahmed, 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.45.90 |
|
UK Pound |
1 |
Rs.74.31 |
|
Euro |
1 |
Rs.65.41 |
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.