|
Report Date : |
11.05.2012 |
IDENTIFICATION DETAILS
|
Correct Name : |
THE |
|
|
|
|
Registered Office : |
Anchor Tower (5th Floor), |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Year of Establishment : |
1996 |
|
|
|
|
Legal Form : |
Offshore Banking
Corporation |
|
|
|
|
Line of Business : |
General Banking |
|
|
|
|
No. of Employees : |
1,051 |
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 |
|
|
|
|
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 |
|
Name |
The Hong Kong and Shanghai Banking
Corporation (HSBC) Limited Note: The
subject operates by this name. |
|
Address |
Anchor Tower (5th
Floor), 108 Bir Uttam C. R. Dutta Road, Dhaka 1205 |
|
Country |
Bangladesh |
|
Telephone No |
880-2- 9660536-43 |
|
Fax No |
880- 2- 9660554 |
|
E-Mail |
|
|
Website |
|
|
Established |
1996 |
|
Company Registration No |
The company registered in Hong Kong SAR |
|
Legal Status |
Offshore Banking Corporation |
|
Business Type |
General
Banking |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from
local suppliers or banks. |
|
Head Office |
Anchor Tower (5th
Floor), 108 Bir Uttam C. R. Dutta Road, Dhaka 1205 |
|
Telephone No |
880-2- 9660536-43 |
|
Fax No |
880- 2- 9660554 |
|
E-Mail |
|
|
Website |
|
|
Management Office |
Level 4, Shanta Western Tower, 186 Bir Uttam Mir Shawkat Ali Road.
Tejgaon Industrial Area, Dhaka 1208 |
|
Branch |
13 |
|
Factory |
N/A |
|
S.W.I.F.T.: |
HSBCBDDH |
|
Name |
Mr. Andrew Tilke |
|
Designation |
Chief Executive Officer |
|
Nationality |
Unknown |
|
Line of Business |
General Banking |
|
Range of Services |
4 Personal Financial Services 4 Commercial Banking 4 Corporate and Institutional Banking 4 Global Markets |
Balance
Sheet
As
At 31st December, 2011
Currency:
Taka
|
PROPERTIES AND
ASSETS |
Taka |
|
Cash |
11,355,965,704 |
|
Cash in hand (including foreign currency) |
1,287,490,412 |
|
Balance with Bangladesh Bank & its agent bank (Including foreign
Currency) |
10,068,475,292 |
|
Balance with
other banks & Financial Institutions |
2,060,370,311 |
|
In Bangladesh |
197,152,351 |
|
Out side Bangladesh |
1,863,217,960 |
|
Money at Call and Short Notice |
2,858,232,500 |
|
Investments |
8,616,138,531 |
|
Government Securities |
8,610,138,521 |
|
Others |
6,000,000 |
|
Loans and Advances |
61,266,489,851 |
|
Loans, Cash Credit, Overdraft etc. |
56,981,151,580 |
|
Bills Purchased and Discounted |
4,285,338,271 |
|
|
|
|
Fixed Assets Including Premises, Furniture & Fittings |
485,133,075 |
|
Other assets |
14,354,971,932 |
|
Non-Banking Assets |
--------------- |
|
Total Assets |
100,997,301,894 |
|
|
|
|
Liabilities
& Capital |
|
|
Liabilities |
|
|
Borrowings from other Banks, Financial Institutions and Agents |
1,904,839.338 |
|
Deposit and
other accounts |
78,285,201,106 |
|
Current accounts & Other accounts including Al-Wadeeah current
deposit |
28,158,967,585 |
|
Bills Payable |
832,719,950 |
|
Savings Bank Deposits including Mudaraba deposit |
13,495,684,235 |
|
Term Deposits including Mudaraba term investments |
35,797,829,336 |
|
OTHER LIABILITES |
7,267,397,010 |
|
TOTAL LIABILITIES |
87,457,437,454 |
|
|
|
|
CAPITAL / SHAREHOLDERS' EQUITY |
|
|
Fund deposited with Bangladesh Bank
|
3,034,975,590 |
|
Other Reserve |
4,878,743 |
|
Profit & Loss account |
10,500,010,107 |
|
TOTAL SHAREHOLDERS' EQUITY |
13,539,864,440 |
|
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY |
100,997,301,894 |
Profit and Loss
Account
For the year ended
31st December 2011
Currency:
Bangladeshi Taka
|
|
2011 |
|
Interest Income |
7,037,142,156 |
|
Interest paid on Deposits & Borrowings |
2,463,931,170 |
|
Net Interest
Income |
4,573,210,986 |
|
Income from Investments |
475,782,976 |
|
Commission, Exchange Earnings & Brokerage |
5,002,630,569 |
|
Other Operating Income |
(10,322,783) |
|
Total Operating Income |
10,041,301,748 |
|
Total Operating Expenses |
2,270,234,199 |
|
Profit Before Provision |
7,771,067,549 |
|
Total Provision |
525,845,611 |
|
Profit before Tax |
7,245,221,938 |
|
Tax |
2,965,160,423 |
|
Profit after tax
for the year |
4,280,061,515 |
Auditors: Huda Vasi Chowdhury & Co
Chartered Accountants
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
132.5961 |
|
U.S Dollar |
1 |
81.9000 |
|
European Euro |
1 |
106.8877 |
|
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 |
|
Employees |
1,051 |
|
Office Area (Sq.
Ft) |
3,200 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
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 |
|
Business Scale |
Large |
|
Business Trend |
Growing |
|
Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.34 |
|
UK Pound |
1 |
Rs.86.11 |
|
Euro |
1 |
Rs.69.07 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.