MIRA INFORM REPORT
|
Report Date : |
22.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
JANATA BANK LIMITED |
|
|
|
|
Registered Office : |
110, Motijheel Commercial Area Dhaka, 1000 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Year of Establishment : |
1972 |
|
|
|
|
Legal Form : |
Private Parent |
|
|
|
|
Line of Business : |
Provides commercial banking services |
|
|
|
|
No. of Employees : |
13,000 |
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 |
|
Status : |
Good |
|
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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Bangladesh |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name and address
Janata Bank
Limited
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||
Business
Description
|
Janata Bank, Ltd. is a Bangladesh-based Company that provides
commercial banking services. The Company offers Internet banking, credit
facilities and program, retail and personal banking, foreign remittance,
international banking, micro enterprise and special credit, rural banking and
credit program services. It also offers Financing Information Technology
Sector, Financing of Industries, Ready Cash, Windows for SMEs, Loan to Travel
Agencies, Loan to Diagnostic Centers, NRB Escrow Account and NRB Gift Cheque
products. The Company currently operates through 872 branches including 4
overseas branches at United Arab Emirates. For the fiscal year ended 31
December 2010, Janata Bank Limited's interest income increased 28% to
BDT19.06B. Net interest income after LLP increased 65% to BDT6.27B. Net
income increased 76% to BDT4.91B. Net interest income reflects an increase in
interest income, also reflects by decreased total interest expense. Net
income also reflects increased Commission, exchange & brokerage income and
higher investment income. |
Industry
|
Industry |
|
|
ANZSIC 2006: |
|
|
NACE 2002: |
|
|
NAICS 2002: |
|
|
UK SIC 2003: |
|
|
US SIC 1987: |
Key Executives
|
News
|
1 - Profit &
Loss Item Exchange Rate: USD 1 = BDT 69.60265
2 - Balance Sheet Item Exchange Rate: USD 1 = BDT 70.475
Corporate Overview
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Corporate Structure News
|
Janata Bank
Limited |
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Dhaka |
Bangladesh |
Commercial Banks |
441.1 |
13,000 |
|
|
Branch |
Sharjah |
United Arab Emirates |
Commercial Banks |
|
100 |
|
|
Branch |
Al Ain |
United Arab Emirates |
Commercial Banks |
|
100 |
|
|
Branch |
Abu Dhabi |
United Arab Emirates |
Commercial Banks |
|
100 |
|
|
Branch |
Dubai |
United Arab Emirates |
Commercial Banks |
|
10 |
Executives Report
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Janata's ATM in Rolpa
Himalayan Times (Kathmandu, Nepal)
15 August 2012
By HIMALAYAN NEWS SERVICE
|
[What follows is
the full text of the article.] KATHMANDU:
Janata Bank Nepal, with an aim to provide modern banking services to the
rural populace and tourists travelling in the region, installed the first ATM
in Liwang, Rolpa district on Monday. The ATM service was inaugurated by the
chief district officer of Rolpa Yadav Subedi amid a function. The ATM
supports debit cards of SCT Network and international card brands including
Visa, MasterCard and JCB, it said. Copyright 2012
Asia Pacific Communication Associates Nepal Pvt Ltd, distributed by
Contify.com
|
|
Janata, SBB tie-up
Himalayan Times (Kathmandu, Nepal)
02 July 2012
By HIMALAYAN NEWS SERVICE
|
[What follows is
the full text of the article.] KATHMANDU:
Janata Bank Nepal and Samridhi Bikash Bank of Gajuri, Dhading entered into an
agreement on Monday to start a service of Janata Bank that will allow the customers
of Samridhi to encash the development bank's cheques and deposit in their
accounts through Janata Bank. Samridhi customers can now withdraw and deposit
in their accounts through Janata's Kalanki branch, the company said. The
memorandum of understanding (MoU) was exchanged between the chief operating
officer of Janata Pramod Bohara and executive chairman of Samridhi Ramesh
Singh Khadka on behalf of their respective companies. Copyright 2012
Asia Pacific Communication Associates Nepal Pvt Ltd, distributed by
Contify.com
|
|
JB distributes computers to educational institutions in Barisal
Bangladesh Government News
03 June 2012
|
[What follows is
the full text of the article.] DHAKA: The
official news Agency of Bangladesh (BSS) has issued following news release: Speakers at a
function here on Friday underlined the importance of computer education to
build a modern digital Bangladesh for economic prosperity of the country. "There is
no alternative to computer education to build a digital, information and
technology based modern society for the economic development of the
country," the speakers told a computer distribution ceremony, organized
by Barisal divisional branch of Janata Bank (JB). With general manager
of the JB Mohammad Lutfur Rahman in the chair, the function also addressed,
among others, by Barisal City Mayor Shwakat Hossain Hiran, local lawmaker
Advocate Talukder Mohammad Yusuf, additional finance secretary of Economic
Division of Ministry of Finance, Mohammad Emdadul Hoque and JP Director
Advocate Baloram Podder. A total of 86
computers were distributed by the JB among different educational institutions
of Barisal on the occasion.
|
|
Janata Bank's CSR
Himalayan Times (Kathmandu, Nepal)
29 March 2012
By HIMALAYAN NEWS SERVICE
|
[What follows is
the full text of the article.] KATHMANDU:
Janata Bank Nepal is organising various programmes across the country to
celebrate its second anniversary. On the occasion and to fulfill its
corporate social responsibility (CSR), the bank's Biratnagar branch organised
a free meal programme and distributed daily essentials to elders of
Birateshwor Bridhashram Seva Samiti. The programme brought together 50 elders
living there and 20 staff from the Biratnagar branch. Similarly, the bank
organised a free bank training programme for 80 students of Pokhara College
which was conducted by the bank's Pokhara branch manager Ashok Gurung. It
gave free bank training to 35 students of Kanchenjunga Higher Secondary
Scool, Phungling in Taplejung district. Copyright 2012
Asia Pacific Communication Associates Nepal Pvt Ltd, distributed by
Contify.com
|
|
Janata to float shares
Himalayan Times (Kathmandu, Nepal)
27 March 2012
By HIMALAYAN NEWS SERVICE
|
[What follows is
the full text of the article.] KATHMANDU:
Janata Bank organised an interaction programme in Birgunj on Tuesday to
inform about its primary issue of six million units of shares at a face value
of Rs 60 million. The programme was held under chairmanship of the president
of Birgunj Chamber of Commerce and Industry Babulal Chachan. Janata has
appointed Citizen Investment Trust, NMB Capital and Civil Capital as the issue
and sales managers to manage the IPO. It will float the shares in the first
month of the new fiscal year. Copyright 2012
Asia Pacific Communication Associates Nepal Pvt Ltd, distributed by
Contify.com
|
|
Janata starts gold sell
Himalayan Times (Kathmandu, Nepal)
27 February 2012
By HIMALAYAN NEWS SERVICE
|
[What follows is
the full text of the article.] KATHMANDU:
Janata Bank has started selling gold imported from international market from
Monday. According to the commercial bank, their sell willl help jewellers to
get sufficient quantity of gold to meet growing demand. Earlier, the bank
issued loan against gold and silver, it said. The bank operates 20 branches
across the country and has collected deposit worth Rs 6.16 billion and has
lending worth Rs 5.77 billion since its inception in April 2010. Copyright 2012
Asia Pacific Communication Associates Nepal Pvt Ltd, distributed by
Contify.com
|
|
Janata in Achham
Himalayan Times (Kathmandu, Nepal)
07 February 2012
By HIMALAYAN NEWS SERVICE
|
[What follows is
the full text of the article.] KATHMANDU:
Janata Bank has established its 19th branch in Mangalsen of Achham district.
The bank's branch manager Ekindra Bhandari inaugurated the branch amid a
function on Monday. The 27th commercial bank of the country is planning to
add three more branches in Darchula, Rolpa and Kathmandu Valley in the
current fiscal year. Copyright 2012
Asia Pacific Communication Associates Nepal Pvt Ltd, distributed by
Contify.com
|
|
Annual Income Statement
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
|
Exchange Rate
(Period Average) |
69.60265 |
69.026932 |
|
Auditor |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
Other Interest Income |
273.8 |
215.4 |
|
Interest Income, Bank |
273.8 |
215.4 |
|
Interest on Deposit |
171.9 |
150.4 |
|
Total Interest Expense |
171.9 |
150.4 |
|
Net Interest Income |
102.0 |
65.0 |
|
|
|
|
|
Loan Loss Provision |
11.8 |
10.0 |
|
Net Interest Income after Loan Loss Provision |
90.1 |
55.1 |
|
|
|
|
|
Commissions & Fees from Securities
Activities |
50.2 |
41.9 |
|
Investment Securities Gains |
100.3 |
81.4 |
|
Other Revenue |
16.9 |
10.8 |
|
Non-Interest Income, Bank |
167.3 |
134.0 |
|
Labor & Related Expenses |
-74.5 |
-58.5 |
|
Depreciation Expense |
-3.1 |
-2.7 |
|
Other Expense |
-67.2 |
-46.3 |
|
Non-Interest Expense, Bank |
-144.8 |
-107.4 |
|
Income Before Tax |
112.7 |
81.7 |
|
|
|
|
|
Total Income Tax |
42.1 |
41.3 |
|
Income After Tax |
70.6 |
40.3 |
|
|
|
|
|
Net Income Before Extraord Items |
70.6 |
40.3 |
|
Net Income |
70.6 |
40.3 |
|
|
|
|
|
Income Available to Common Excl Extraord Items |
70.6 |
40.3 |
|
|
|
|
|
Income Available to Common Incl Extraord Items |
70.6 |
40.3 |
|
|
|
|
|
Diluted Net Income |
70.6 |
40.3 |
|
Depreciation, Supplemental |
3.1 |
2.7 |
|
Normalized Income Before Tax |
112.7 |
81.7 |
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
42.1 |
41.3 |
|
Normalized Income After Tax |
70.6 |
40.3 |
|
|
|
|
|
Normalized Inc. Avail to Com. |
70.6 |
40.3 |
|
|
|
|
|
Bank Total Revenue |
441.1 |
349.4 |
|
|
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
|
31-Dec-2010 |
31-Dec-2009 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
|
Exchange Rate |
70.475 |
69.26 |
|
Auditor |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
Cash & Due from Banks |
339.1 |
299.6 |
|
Fed Funds Sold/Securities Purch Under Resale
Agrmnt |
51.2 |
79.9 |
|
Other Short Term Investments |
821.2 |
1,047.3 |
|
Other Earning Assets, Total |
872.4 |
1,127.2 |
|
Net Loans |
2,881.0 |
2,274.6 |
|
Property/Plant/Equipment - Net |
89.8 |
39.0 |
|
Other Assets |
723.2 |
516.1 |
|
Other Assets, Total |
723.2 |
516.1 |
|
Total Assets |
4,905.4 |
4,256.4 |
|
|
|
|
|
Accounts Payable |
777.2 |
751.2 |
|
Interest Bearing Deposits |
3,288.4 |
2,803.4 |
|
Total Deposits |
3,288.4 |
2,803.4 |
|
Long Term Debt |
0.7 |
0.5 |
|
Total Long Term Debt |
0.7 |
0.5 |
|
Total Debt |
0.7 |
0.5 |
|
|
|
|
|
Other Liabilities |
549.3 |
485.4 |
|
Other Liabilities, Total |
549.3 |
485.4 |
|
Total Liabilities |
4,615.7 |
4,040.5 |
|
|
|
|
|
Additional Paid-In Capital |
70.9 |
72.2 |
|
Retained Earnings (Accumulated Deficit) |
218.8 |
143.7 |
|
Total Equity |
289.8 |
215.9 |
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
4,905.4 |
4,256.4 |
|
|
|
|
|
|
|
Annual Cash
Flows |
|
Financials in:
USD (mil) |
|
|
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
|
Exchange Rate
(Period Average) |
69.60265 |
69.026932 |
|
Auditor |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
Cash Receipts |
254.1 |
223.1 |
|
Cash Taxes Paid |
-5.4 |
0.0 |
|
Cash Interest Paid |
-156.7 |
-148.1 |
|
Other Assets |
542.8 |
407.8 |
|
Other Liabilities |
-25.7 |
-109.1 |
|
Other Operating Cash Flow |
-25.6 |
-19.7 |
|
Investment Securities, Gains/Losses |
96.2 |
80.0 |
|
Loans, Gains/Losses |
-868.0 |
-314.1 |
|
Sale of Loans |
8.7 |
6.4 |
|
Changes in Working Capital |
-271.6 |
51.3 |
|
Cash from Operating Activities |
-179.7 |
126.4 |
|
|
|
|
|
Purchase of Fixed Assets |
-10.9 |
-5.4 |
|
Capital Expenditures |
-10.9 |
-5.4 |
|
Principal Payments from Securities |
178.2 |
-161.9 |
|
Other Investing Cash Flow Items, Total |
178.2 |
-161.9 |
|
Cash from Investing Activities |
167.3 |
-167.3 |
|
|
|
|
|
Other Financing Cash Flow |
0.0 |
0.0 |
|
Financing Cash Flow Items |
0.0 |
0.0 |
|
Cash Dividends Paid - Common |
-0.1 |
0.0 |
|
Total Cash Dividends Paid |
-0.1 |
0.0 |
|
Sale/Issuance of
Common |
0.0 |
18.1 |
|
Common Stock, Net |
0.0 |
18.1 |
|
Issuance (Retirement) of Stock, Net |
0.0 |
18.1 |
|
Long Term Debt Issued |
0.3 |
0.4 |
|
Long Term Debt, Net |
0.3 |
0.4 |
|
Issuance (Retirement) of Debt, Net |
0.3 |
0.4 |
|
Cash from Financing Activities |
0.1 |
18.6 |
|
|
|
|
|
Net Change in Cash |
-12.3 |
-22.4 |
|
|
|
|
|
Net Cash - Beginning Balance |
317.1 |
342.1 |
|
Net Cash - Ending Balance |
304.8 |
319.7 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
|
Exchange Rate
(Period Average) |
69.60265 |
69.026932 |
|
Auditor |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
Interest Income |
273.8 |
215.4 |
|
Total Revenue |
273.8 |
215.4 |
|
|
|
|
|
Interest Paid on deposits & borrowings |
171.9 |
150.4 |
|
Provision for loans and advances |
11.8 |
10.0 |
|
Total Operating Expense |
183.7 |
160.3 |
|
|
|
|
|
Investment Income |
100.3 |
81.4 |
|
Commission, exchange & brokerage |
50.2 |
41.9 |
|
Other Operating income |
16.9 |
10.8 |
|
Salary and allowances |
-74.3 |
-58.4 |
|
Rent, taxes, insurance and electricity, |
-6.8 |
-6.0 |
|
Legal expenses |
-0.1 |
-0.1 |
|
Postage, stamp, telecommunication etc. |
-0.2 |
0.0 |
|
Stationery, printings , advertisements e |
-1.9 |
-1.5 |
|
Chief Executive's salary and fees |
-0.1 |
-0.1 |
|
Directors' fees |
0.0 |
0.0 |
|
Auditor's fees |
-0.1 |
0.0 |
|
Depreciation, repairs and maintenance |
-3.1 |
-2.7 |
|
Other expenses |
-9.1 |
-6.2 |
|
Amortisation of valuation adjustment |
-14.3 |
-14.5 |
|
Provision for off-balance sheet items |
-4.7 |
-0.5 |
|
Provision for other assets |
0.0 |
-1.4 |
|
Provision for SAF & Gratuity |
-14.4 |
-9.4 |
|
Provision for diminution in value of inv |
-0.2 |
0.0 |
|
Other provisions |
-15.4 |
-6.5 |
|
Total Non-Interest Revenue |
167.3 |
134.0 |
|
|
|
|
|
Total Non-Interest Expense |
-144.8 |
-107.4 |
|
|
|
|
|
Net Income Before Taxes |
112.7 |
81.7 |
|
|
|
|
|
Provision for Income Taxes |
42.1 |
41.3 |
|
Net Income After Taxes |
70.6 |
40.3 |
|
|
|
|
|
Net Income Before Extra. Items |
70.6 |
40.3 |
|
Net Income |
70.6 |
40.3 |
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
70.6 |
40.3 |
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
70.6 |
40.3 |
|
|
|
|
|
Diluted Net Income |
70.6 |
40.3 |
|
Normalized Income Before Taxes |
112.7 |
81.7 |
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
42.1 |
41.3 |
|
Normalized Income After Taxes |
70.6 |
40.3 |
|
|
|
|
|
Normalized Inc. Avail to Com. |
70.6 |
40.3 |
|
|
|
|
|
Depreciation, Supplemental |
3.1 |
2.7 |
|
|
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
|
Exchange Rate |
70.475 |
69.26 |
|
Auditor |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
Balance with Outside Bangladesh |
60.8 |
28.9 |
|
Balance In Bangladesh |
28.5 |
32.0 |
|
Balance with Bangladesh Bank and its age |
191.1 |
186.5 |
|
Cash in hand (including foreign) |
58.7 |
52.2 |
|
Money at call on short notice Investmen |
51.2 |
79.9 |
|
Investments in Government |
743.0 |
1,019.6 |
|
Other investment |
78.2 |
27.7 |
|
Fixed assets including premises, furnitu |
89.8 |
39.0 |
|
Other Asset |
386.3 |
388.8 |
|
Loans, cash credit, overdrafts etc. |
2,881.0 |
2,274.6 |
|
Bills purchased and discounted |
336.9 |
127.3 |
|
Total Assets |
4,905.4 |
4,256.4 |
|
|
|
|
|
Current accounts and other accounts |
731.3 |
713.6 |
|
Bills payable |
45.9 |
37.6 |
|
Savings bank deposits |
1,172.9 |
1,044.6 |
|
Fixed deposits |
2,115.6 |
1,758.8 |
|
Borrowings from other banks, financial i |
0.7 |
0.5 |
|
Total Long Term Debt |
0.7 |
0.5 |
|
|
|
|
|
Other Liabilities |
549.3 |
485.4 |
|
Total Liabilities |
4,615.7 |
4,040.5 |
|
|
|
|
|
Paid up capital |
70.9 |
72.2 |
|
Statutory reserve |
59.4 |
37.9 |
|
Legal reserve |
0.9 |
0.8 |
|
Assets revaluation reserve |
60.3 |
21.3 |
|
Foreign investment revaluation reserve |
2.0 |
2.0 |
|
Revaluation reserve for HTM |
5.2 |
3.9 |
|
Revaluation reserve for HFT |
17.6 |
53.0 |
|
Surplus in profit/(loss) account |
73.4 |
24.9 |
|
Total Equity |
289.8 |
215.9 |
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
4,905.4 |
4,256.4 |
|
|
|
|
|
|
|
Annual Cash
Flows |
|
Financials in:
USD (mil) |
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
|
Exchange Rate
(Period Average) |
69.60265 |
69.026932 |
|
Auditor |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
Cash Receipts |
254.1 |
223.1 |
|
Cash Interest Paid |
-156.7 |
-148.1 |
|
Cash Tax Paid |
-5.4 |
0.0 |
|
Dividend received |
1.3 |
0.3 |
|
Fees and commission receipt in cash |
50.0 |
43.0 |
|
Cash payments to employees |
-74.4 |
-58.1 |
|
Cash payments to suppliers |
-1.9 |
-1.5 |
|
Income from investment |
96.2 |
80.0 |
|
Receipt from other operating activities |
16.5 |
10.3 |
|
Payments for other operating activities |
-17.0 |
-13.6 |
|
Recoveries of previously written-off loa |
8.7 |
6.4 |
|
Deposits from customers |
619.7 |
319.7 |
|
Deposits from other banks |
-40.2 |
40.4 |
|
Other liabilities |
-25.7 |
-109.1 |
|
Balance with other banks |
-29.8 |
25.6 |
|
Other assets |
-6.9 |
22.1 |
|
Loans and advances to customers |
-868.0 |
-314.1 |
|
Cash from Operating Activities |
-179.7 |
126.4 |
|
|
|
|
|
(Purchase)/sales of Securities and Bond |
-51.6 |
-19.5 |
|
(Purchase)/sale of securities (Governmen |
229.8 |
-142.4 |
|
Capital Expenditure |
-10.9 |
-5.4 |
|
Cash from Investing Activities |
167.3 |
-167.3 |
|
|
|
|
|
Receipts from issue of loan capital and |
0.0 |
0.0 |
|
Payments for redemption of loan capital |
0.0 |
0.0 |
|
Receipts from issue of ordinary share (R |
0.0 |
18.1 |
|
Dividend paid |
-0.1 |
0.0 |
|
(Payments)/receipt from borrowings |
0.3 |
0.4 |
|
Cash from Financing Activities |
0.1 |
18.6 |
|
|
|
|
|
Net Change in Cash |
-12.3 |
-22.4 |
|
|
|
|
|
Cash and cash equivalents at beginning o |
317.1 |
342.1 |
|
Cash and cash equivalents at end of the |
304.8 |
319.7 |
Financial Health
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual Ratios
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
|
Exchange Rate
(Period Average) |
69.60265 |
69.026932 |
|
Auditor |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
Other Interest Income |
273.8 |
215.4 |
|
Interest Income, Bank |
273.8 |
215.4 |
|
Interest on Deposit |
171.9 |
150.4 |
|
Total Interest Expense |
171.9 |
150.4 |
|
Net Interest Income |
102.0 |
65.0 |
|
|
|
|
|
Loan Loss Provision |
11.8 |
10.0 |
|
Net Interest Income after Loan Loss Provision |
90.1 |
55.1 |
|
|
|
|
|
Commissions & Fees from Securities
Activities |
50.2 |
41.9 |
|
Investment Securities Gains |
100.3 |
81.4 |
|
Other Revenue |
16.9 |
10.8 |
|
Non-Interest Income, Bank |
167.3 |
134.0 |
|
Labor & Related Expenses |
-74.5 |
-58.5 |
|
Depreciation Expense |
-3.1 |
-2.7 |
|
Other Expense |
-67.2 |
-46.3 |
|
Non-Interest Expense, Bank |
-144.8 |
-107.4 |
|
Income Before Tax |
112.7 |
81.7 |
|
|
|
|
|
Total Income Tax |
42.1 |
41.3 |
|
Income After Tax |
70.6 |
40.3 |
|
|
|
|
|
Net Income Before Extraord Items |
70.6 |
40.3 |
|
Net Income |
70.6 |
40.3 |
|
|
|
|
|
Income Available to Common Excl Extraord Items |
70.6 |
40.3 |
|
|
|
|
|
Income Available to Common Incl Extraord Items |
70.6 |
40.3 |
|
|
|
|
|
Diluted Net Income |
70.6 |
40.3 |
|
Depreciation, Supplemental |
3.1 |
2.7 |
|
Normalized Income Before Tax |
112.7 |
81.7 |
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
42.1 |
41.3 |
|
Normalized Income After Tax |
70.6 |
40.3 |
|
|
|
|
|
Normalized Inc. Avail to Com. |
70.6 |
40.3 |
|
|
|
|
|
Bank Total Revenue |
441.1 |
349.4 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
|
Exchange Rate |
70.475 |
69.26 |
|
Auditor |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
Cash & Due from Banks |
339.1 |
299.6 |
|
Fed Funds Sold/Securities Purch Under Resale
Agrmnt |
51.2 |
79.9 |
|
Other Short Term Investments |
821.2 |
1,047.3 |
|
Other Earning Assets, Total |
872.4 |
1,127.2 |
|
Net Loans |
2,881.0 |
2,274.6 |
|
Property/Plant/Equipment - Net |
89.8 |
39.0 |
|
Other Assets |
723.2 |
516.1 |
|
Other Assets, Total |
723.2 |
516.1 |
|
Total Assets |
4,905.4 |
4,256.4 |
|
|
|
|
|
Accounts Payable |
777.2 |
751.2 |
|
Interest Bearing Deposits |
3,288.4 |
2,803.4 |
|
Total Deposits |
3,288.4 |
2,803.4 |
|
Long Term Debt |
0.7 |
0.5 |
|
Total Long Term Debt |
0.7 |
0.5 |
|
Total Debt |
0.7 |
0.5 |
|
|
|
|
|
Other Liabilities |
549.3 |
485.4 |
|
Other Liabilities, Total |
549.3 |
485.4 |
|
Total Liabilities |
4,615.7 |
4,040.5 |
|
|
|
|
|
Additional Paid-In Capital |
70.9 |
72.2 |
|
Retained Earnings (Accumulated Deficit) |
218.8 |
143.7 |
|
Total Equity |
289.8 |
215.9 |
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
4,905.4 |
4,256.4 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
|
Exchange Rate
(Period Average) |
69.60265 |
69.026932 |
|
Auditor |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
Cash Receipts |
254.1 |
223.1 |
|
Cash Taxes Paid |
-5.4 |
0.0 |
|
Cash Interest Paid |
-156.7 |
-148.1 |
|
Other Assets |
542.8 |
407.8 |
|
Other Liabilities |
-25.7 |
-109.1 |
|
Other Operating Cash Flow |
-25.6 |
-19.7 |
|
Investment Securities, Gains/Losses |
96.2 |
80.0 |
|
Loans, Gains/Losses |
-868.0 |
-314.1 |
|
Sale of Loans |
8.7 |
6.4 |
|
Changes in Working Capital |
-271.6 |
51.3 |
|
Cash from Operating Activities |
-179.7 |
126.4 |
|
|
|
|
|
Purchase of Fixed Assets |
-10.9 |
-5.4 |
|
Capital Expenditures |
-10.9 |
-5.4 |
|
Principal Payments from Securities |
178.2 |
-161.9 |
|
Other Investing Cash Flow Items, Total |
178.2 |
-161.9 |
|
Cash from Investing Activities |
167.3 |
-167.3 |
|
|
|
|
|
Other Financing Cash Flow |
0.0 |
0.0 |
|
Financing Cash Flow Items |
0.0 |
0.0 |
|
Cash Dividends Paid - Common |
-0.1 |
0.0 |
|
Total Cash Dividends Paid |
-0.1 |
0.0 |
|
Sale/Issuance of
Common |
0.0 |
18.1 |
|
Common Stock, Net |
0.0 |
18.1 |
|
Issuance (Retirement) of Stock, Net |
0.0 |
18.1 |
|
Long Term Debt Issued |
0.3 |
0.4 |
|
Long Term Debt, Net |
0.3 |
0.4 |
|
Issuance (Retirement) of Debt, Net |
0.3 |
0.4 |
|
Cash from Financing Activities |
0.1 |
18.6 |
|
|
|
|
|
Net Change in Cash |
-12.3 |
-22.4 |
|
|
|
|
|
Net Cash - Beginning Balance |
317.1 |
342.1 |
|
Net Cash - Ending Balance |
304.8 |
319.7 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
|
Exchange Rate
(Period Average) |
69.60265 |
69.026932 |
|
Auditor |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
Interest Income |
273.8 |
215.4 |
|
Total Revenue |
273.8 |
215.4 |
|
|
|
|
|
Interest Paid on deposits & borrowings |
171.9 |
150.4 |
|
Provision for loans and advances |
11.8 |
10.0 |
|
Total Operating Expense |
183.7 |
160.3 |
|
|
|
|
|
Investment Income |
100.3 |
81.4 |
|
Commission, exchange & brokerage |
50.2 |
41.9 |
|
Other Operating income |
16.9 |
10.8 |
|
Salary and allowances |
-74.3 |
-58.4 |
|
Rent, taxes, insurance and electricity, |
-6.8 |
-6.0 |
|
Legal expenses |
-0.1 |
-0.1 |
|
Postage, stamp, telecommunication etc. |
-0.2 |
0.0 |
|
Stationery, printings , advertisements e |
-1.9 |
-1.5 |
|
Chief Executive's salary and fees |
-0.1 |
-0.1 |
|
Directors' fees |
0.0 |
0.0 |
|
Auditor's fees |
-0.1 |
0.0 |
|
Depreciation, repairs and maintenance |
-3.1 |
-2.7 |
|
Other expenses |
-9.1 |
-6.2 |
|
Amortisation of valuation adjustment |
-14.3 |
-14.5 |
|
Provision for off-balance sheet items |
-4.7 |
-0.5 |
|
Provision for other assets |
0.0 |
-1.4 |
|
Provision for SAF & Gratuity |
-14.4 |
-9.4 |
|
Provision for diminution in value of inv |
-0.2 |
0.0 |
|
Other provisions |
-15.4 |
-6.5 |
|
Total Non-Interest Revenue |
167.3 |
134.0 |
|
|
|
|
|
Total Non-Interest Expense |
-144.8 |
-107.4 |
|
|
|
|
|
Net Income Before Taxes |
112.7 |
81.7 |
|
|
|
|
|
Provision for Income Taxes |
42.1 |
41.3 |
|
Net Income After Taxes |
70.6 |
40.3 |
|
|
|
|
|
Net Income Before Extra. Items |
70.6 |
40.3 |
|
Net Income |
70.6 |
40.3 |
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
70.6 |
40.3 |
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
70.6 |
40.3 |
|
|
|
|
|
Diluted Net Income |
70.6 |
40.3 |
|
Normalized Income Before Taxes |
112.7 |
81.7 |
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
42.1 |
41.3 |
|
Normalized Income After Taxes |
70.6 |
40.3 |
|
|
|
|
|
Normalized Inc. Avail to Com. |
70.6 |
40.3 |
|
|
|
|
|
Depreciation, Supplemental |
3.1 |
2.7 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per share
items (actual units) |
|
|
|
|
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
|
Exchange Rate |
70.475 |
69.26 |
|
Auditor |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
Balance with Outside Bangladesh |
60.8 |
28.9 |
|
Balance In Bangladesh |
28.5 |
32.0 |
|
Balance with Bangladesh Bank and its age |
191.1 |
186.5 |
|
Cash in hand (including foreign) |
58.7 |
52.2 |
|
Money at call on short notice Investmen |
51.2 |
79.9 |
|
Investments in Government |
743.0 |
1,019.6 |
|
Other investment |
78.2 |
27.7 |
|
Fixed assets including premises, furnitu |
89.8 |
39.0 |
|
Other Asset |
386.3 |
388.8 |
|
Loans, cash credit, overdrafts etc. |
2,881.0 |
2,274.6 |
|
Bills purchased and discounted |
336.9 |
127.3 |
|
Total Assets |
4,905.4 |
4,256.4 |
|
|
|
|
|
Current accounts and other accounts |
731.3 |
713.6 |
|
Bills payable |
45.9 |
37.6 |
|
Savings bank deposits |
1,172.9 |
1,044.6 |
|
Fixed deposits |
2,115.6 |
1,758.8 |
|
Borrowings from other banks, financial i |
0.7 |
0.5 |
|
Total Long Term Debt |
0.7 |
0.5 |
|
|
|
|
|
Other Liabilities |
549.3 |
485.4 |
|
Total Liabilities |
4,615.7 |
4,040.5 |
|
|
|
|
|
Paid up capital |
70.9 |
72.2 |
|
Statutory reserve |
59.4 |
37.9 |
|
Legal reserve |
0.9 |
0.8 |
|
Assets revaluation reserve |
60.3 |
21.3 |
|
Foreign investment revaluation reserve |
2.0 |
2.0 |
|
Revaluation reserve for HTM |
5.2 |
3.9 |
|
Revaluation reserve for HFT |
17.6 |
53.0 |
|
Surplus in profit/(loss) account |
73.4 |
24.9 |
|
Total Equity |
289.8 |
215.9 |
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
4,905.4 |
4,256.4 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
|
Exchange Rate
(Period Average) |
69.60265 |
69.026932 |
|
Auditor |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
Cash Receipts |
254.1 |
223.1 |
|
Cash Interest Paid |
-156.7 |
-148.1 |
|
Cash Tax Paid |
-5.4 |
0.0 |
|
Dividend received |
1.3 |
0.3 |
|
Fees and commission receipt in cash |
50.0 |
43.0 |
|
Cash payments to employees |
-74.4 |
-58.1 |
|
Cash payments to suppliers |
-1.9 |
-1.5 |
|
Income from investment |
96.2 |
80.0 |
|
Receipt from other operating activities |
16.5 |
10.3 |
|
Payments for other operating activities |
-17.0 |
-13.6 |
|
Recoveries of previously written-off loa |
8.7 |
6.4 |
|
Deposits from customers |
619.7 |
319.7 |
|
Deposits from other banks |
-40.2 |
40.4 |
|
Other liabilities |
-25.7 |
-109.1 |
|
Balance with other banks |
-29.8 |
25.6 |
|
Other assets |
-6.9 |
22.1 |
|
Loans and advances to customers |
-868.0 |
-314.1 |
|
Cash from Operating Activities |
-179.7 |
126.4 |
|
|
|
|
|
(Purchase)/sales of Securities and Bond |
-51.6 |
-19.5 |
|
(Purchase)/sale of securities (Governmen |
229.8 |
-142.4 |
|
Capital Expenditure |
-10.9 |
-5.4 |
|
Cash from Investing Activities |
167.3 |
-167.3 |
|
|
|
|
|
Receipts from issue of loan capital and |
0.0 |
0.0 |
|
Payments for redemption of loan capital |
0.0 |
0.0 |
|
Receipts from issue of ordinary share (R |
0.0 |
18.1 |
|
Dividend paid |
-0.1 |
0.0 |
|
(Payments)/receipt from borrowings |
0.3 |
0.4 |
|
Cash from Financing Activities |
0.1 |
18.6 |
|
|
|
|
|
Net Change in Cash |
-12.3 |
-22.4 |
|
|
|
|
|
Cash and cash equivalents at beginning o |
317.1 |
342.1 |
|
Cash and cash equivalents at end of the |
304.8 |
319.7 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.54 |
|
|
1 |
Rs.87.39 |
|
Euro |
1 |
Rs.68.72 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.