MIRA INFORM REPORT

 

 

Report Date :

25.05.2012

 

IDENTIFICATION DETAILS

 

Name :

DUTCH BANGLA BANK

 

 

Registered Office :

Sena Kalyan Bhaban, 4th Floor, 195 Motijheel Commercial Area, Dhaka, 1000

 

 

Country :

Bangladesh

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

04.07.1995

 

 

Legal Form :

Public Independent

 

 

Line of Business :

Commercial Banking Services

 

 

No. of Employees :

4,015

 

 

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

 

Dutch Bangla Bank

Sena Kalyan Bhaban, 4th Floor

195 Motijheel Commercial Area

 

Dhaka, 1000

Bangladesh

 

Tel:

880-2-7176390

Fax:

880-2-9561889

 

www.dutchbanglabank.com

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employees:

4,015 

Incorporation Date:    

4th July 1995

Company Type:

Public Independent 

 

 

Traded:

Dhaka Stock Exchange:

DUTCHBANGL

Auditor:

A. Qasem & Co.

 

 

 

 

 

 

 

 

Fiscal Year End:

31-Dec-2011

Reporting Currency:

Bangladesh Taka

Annual Sales:

190.6  1

Net Income:

29.1

Total Assets:

1,506.4  2

Market Value:

307.1

 

(10-May-2012)

 

 

 

 

 

 

 

Business Description

 

Dutch-Bangla Bank Limited (the Bank) is a commercial bank. The principal activities of the Bank is to provide all kinds of commercial banking products and services to the customers, including project finance, working capital finance and trade finance for corporate customers, small and medium enterprises (SME) loans to small traders and businesses, and house building loan, car loan and range of life style and need based loans for retail customers. Its products and services are supported by information technology (IT) infrastructure and online banking facilities. IT network also provides short message service banking, alert banking and Internet banking services. It owns automated teller machines (ATM) network consisting of 1100 ATMs. As of December 31, 2010, 10 new branches were opened and seven SME service centers were converted into SME/Agriculture branches. EMV Credit Cards of MasterCard and EMV debit cards of MasterCard were introduced during the year ended December 31, 2010. For the fiscal year ended 31 December 2009, Dutch Bangla Bank's  interest income rose 13% to Taka6.16B. Net interest income after loan loss provision fell 6% to Taka1.64B. Net income increased 38% to Taka1.14B. Interest income reflects increased interest on loans & advances and increase in provision for loan losses. Net income also reflects an increase in other operating income and higher investment income.

 

 

Industry

 

Industry

Commercial Banks

ANZSIC 2006:

6221 - Banking

NACE 2002:

6512 - Other monetary intermediation

NAICS 2002:

52211 - Commercial Banking

UK SIC 2003:

65121 - Banks

US SIC 1987:

6029 - Commercial Banks, Not Elsewhere Classified

 

 

Key Executives

 

Name

Title

 

Md. Sayedul Hasan

Deputy Managing Director

 

Iqbal Amin

Executive VP-HR

 

Zahid Hossain Khan

Chairman

 

Sayem Ahmed

Board Member

 

Syed Fakhrul Ameen

Board Member

 

 

 

Significant Developments

 

Topic

#*

Most Recent Headline

Date

New Business / Unit / Subsidiary

8

Dutch-Bangla Bank Ltd Opens Branch At Pallabi-The New Nation (Bangladesh)

7-Jan-2012

Business Deals

1

Dutch-Bangla Bank Ltd Signs Deal With Airtel Bangladesh-The New Nation (Bangladesh)

16-Sep-2011

* number of significant developments within the last 12 months

 

 

News

 

Title

Date

SAP@ Mobile Apps Connect Businesses and Consumers - from the Boardroom to the Shopping Center
Associated Press (2422 Words)

14-May-2012

GP customers to enjoy DBBL Mobile Banking Services
New Nation (Bangladesh) (163 Words)

24-Apr-2012

DBBL inks deal on Mobile Banking Services for GP customers
Financial Express (India) (256 Words)

24-Apr-2012

Weekly Money Market
New Nation (Bangladesh) (774 Words)

22-Apr-2012

DBBL hands over FDR money to widow of killed cop
Financial Express (India) (197 Words)

20-Apr-2012

 

 

Financial Summary

 

As of 31-Dec-2011

 

Key Ratios

Company

Industry

Debt to Equity (MRQ)

0.36

 

Sales 5 Year Growth

19.75

 

Net Profit Margin (TTM) %

23.70

 

Return on Assets (TTM) %

1.92

 

Return on Equity (TTM) %

27.04

 

 

 

Stock Snapshot

 

Traded: Dhaka Stock Exchange: DUTCHBANGL

 

As of 10-May-2012

   Financials in: BDT

Recent Price

126.00

 

EPS

10.76

52 Week High

183.00

 

Price/Sales

2.77

52 Week Low

83.10

 

Dividend Rate

4.00

Avg. Volume (mil)

0.14

 

Price/Earnings

14.97

Market Value (mil)

25,200.00

 

Price/Book

2.82

 

Price % Change

Rel S&P 500%

4 Week

-1.64%

 

13 Week

28.18%

 

52 Week

1.45%

 

Year to Date

-21.88%

 

 

1 - Profit & Loss Item Exchange Rate: USD 1 = BDT 74.04171

2 - Balance Sheet Item Exchange Rate: USD 1 = BDT 81.83

 

 

Corporate Overview

 

Location
Sena Kalyan Bhaban, 4th Floor
195 Motijheel Commercial Area
Dhaka, 1000
Bangladesh

 

Tel:

880-2-7176390

Fax:

880-2-9561889

 

www.dutchbanglabank.com

Quote Symbol - Exchange

DUTCHBANGL - Dhaka Stock Exchange

Sales BDT(mil):

14,114.6

Assets BDT(mil):

123,267.0

Employees:

4,015

Fiscal Year End:

31-Dec-2011

 

 

 

Industry:

Commercial Banks

Company Type:

Public Independent

Quoted Status:

Quoted

 

Deputy Managing Director :

Md. Sayedul Hasan

 

 

Industry Codes

 

 

 

ANZSIC 2006 Codes:

6221

-

Banking

 

NACE 2002 Codes:

6512

-

Other monetary intermediation

 

NAICS 2002 Codes:

52211

-

Commercial Banking

 

US SIC 1987:

6029

-

Commercial Banks, Not Elsewhere Classified

 

UK SIC 2003:

65121

-

Banks

 

 

Business Description

 

Dutch-Bangla Bank Limited (the Bank) is a commercial bank. The principal activities of the Bank is to provide all kinds of commercial banking products and services to the customers, including project finance, working capital finance and trade finance for corporate customers, small and medium enterprises (SME) loans to small traders and businesses, and house building loan, car loan and range of life style and need based loans for retail customers. Its products and services are supported by information technology (IT) infrastructure and online banking facilities. IT network also provides short message service banking, alert banking and Internet banking services. It owns automated teller machines (ATM) network consisting of 1100 ATMs. As of December 31, 2010, 10 new branches were opened and seven SME service centers were converted into SME/Agriculture branches. EMV Credit Cards of MasterCard and EMV debit cards of MasterCard were introduced during the year ended December 31, 2010. For the fiscal year ended 31 December 2009, Dutch Bangla Bank's  interest income rose 13% to Taka6.16B. Net interest income after loan loss provision fell 6% to Taka1.64B. Net income increased 38% to Taka1.14B. Interest income reflects increased interest on loans & advances and increase in provision for loan losses. Net income also reflects an increase in other operating income and higher investment income.

 

More Business Descriptions

Commercial Banking Services

 

 

 

Financial Data

 

Financials in:

BDT(mil)

 

Revenue:

14,114.6

Net Income:

2,154.9

Assets:

123,267.0

Long Term Debt:

3,183.0

 

Total Liabilities:

114,327.4

 

 

 

Date of Financial Data:

31-Dec-2011

 

1 Year Growth

33.1%

7.6%

21.8%

 

Key Corporate Relationships

Auditor:

A. Qasem & Co.

 

Auditor:

A. Qasem & Co.

 

 

 

 

 

 

 

 

Executives Report

 

Board of Directors

 

Name

Title

Function

 

Zahid Hossain Khan

 

Chairman

Chairman

 

Sayem Ahmed

 

Board Member

Director/Board Member

 

Syed Fakhrul Ameen

 

Board Member

Director/Board Member

 

Frey-Tang Yuen Mei Barbara

 

Board Member

Director/Board Member

 

Chowdhury M. Ashraf Hossain

 

Board Member

Director/Board Member

 

Md. Fakhrul Islam

 

Board Member

Director/Board Member

 

Irshad Kamal Khan

 

Board Member

Director/Board Member

 

K. Shamshi Tabrez

 

Deputy Managing Director

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Moyen Uddin Ahmed

 

Executive VP-Card Division

Division Head Executive

 

Feroze Alam

 

Executive VP-Shantinagar Branch

Division Head Executive

 

A. K. M. Shah Alam

 

Executive VP-International Division

Division Head Executive

 

Md. Sayedul Hasan

 

Deputy Managing Director

Managing Director

 

Khan Tariqul Islam

 

CFO & Deputy Managing Director

Managing Director

 

Abul Kashem Md. Shirin

 

Deputy Managing Director

Managing Director

 

Md. Mosaddiqur Rahman

 

Deputy Managing Director

Managing Director

 

K. Shamshi Tabrez

 

Deputy Managing Director

Managing Director

 

Iqbal Amin

 

Executive VP-HR

Human Resources Executive

 

 

 

Significant Developments

 

Dutch-Bangla Bank Ltd Opens Branch At Pallabi-The New Nation (Bangladesh)

Jan 07, 2012


The New Nation (Bangladesh) reported that Dutch-Bangla Bank Ltd has opened its 111th branch at Pallabi in the city recently with on-line banking facilities from the day one of the opening.

Dutch-Bangla Bank Ltd Opens Branch At Vatara-The New Nation (Bangladesh)

Dec 23, 2011


The New Nation (Bangladesh) reported that it has opened its 108th branch at Vatara in the capital. DBBL provides a wide array of banking products and financial services including card services to its retail and corporate customers

Dutch-Bangla Bank Ltd Opens Branch In Jamalpur-The New Nation (Bangladesh)

Dec 13, 2011


The New Nation (Bangladesh) reported that Dutch-Bangla Bank Ltd has opened its 106th branch at Jamalpur.

Dutch-Bangla Bank Ltd Opens New Branch In Pagla-The New Nation (Bangladesh)

Dec 04, 2011


The New Nation (Bangladesh) reported that Dutch-Bangla Bank Ltd has opened its 105th branch at Pagla, Narayanganj. Like the other DBBL branches, this newbranch will provide truly On-line Banking facilities to the clients.

Dutch-Bangla Bank Ltd Opens New Branch At Sunamganj-Datamonitor News

Nov 29, 2011


Datamonitor News reported that Dutch-Bangla Bank has opened its 104th branch at Joaher Raza Trade Center at Sunamganj. Like the other DBBL branch network, this branch also provides truly On-line Banking facilities to the clients from the opening day of the branch.

Dutch-Bangla Bank Ltd Opens New Branch At Borolekha, Moulvibazar-Datamonitor News

Oct 25, 2011


Datamonitor News reported that Dutch-Bangla Bank has opened its 103rd branch at Borolekha, Moulvibazar. Like the other DBBL branch network, this branch also provides On-line Banking facilities to the clients from the opening day of the branch

Dutch-Bangla Bank Ltd Signs Deal With Airtel Bangladesh-The New Nation (Bangladesh)

Sep 16, 2011


The New Nation (Bangladesh) reported that Airtel Bangladesh Ltd has signed an agreement with Dutch-Bangla Bank Ltd to introduce M-commerce Services to a larger segment of population. The signing ceremony was held at the Banani corporate head office of Airtel in the city. With this initiative, existing & new Airtel customers will be able to open bank accounts and avail banking services; additionally existing DBBL mobile banking customers can get serviced at Airtel outlets.Published by HT Syndication with permission from The New Nation.

Dutch-Bangla Bank Ltd Opens Branch At Ambarkhana-The New Nation (Bangladesh)

Aug 16, 2011


The New Nation (Bangladesh) reported that Dutch-Bangla Bank Ltd has opened its 101st branch at Ambarkhana with On-line Banking facilities to the clients.

Dutch-Bangla Bank Ltd Opens Branch At Matuail-The Financial Express (Bangladesh)

Jul 05, 2011


The Financial Express (Bangladesh) reported that Dutch-Bangla Bank Limited opened its 97th branch at Matuail.

 

 

Annual Income Statement

 

Financials in: USD (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2011

Updated Normal
31-Dec-2010

Reclassified Normal
31-Dec-2010

Reclassified Normal
31-Dec-2009

Reclassified Normal
31-Dec-2008

Filed Currency

BDT

BDT

BDT

BDT

BDT

Exchange Rate (Period Average)

74.041708

69.60265

69.026932

68.582616

68.868552

Auditor

A. Qasem & Co.

A. Qasem & Co.

Hoda Vasi Chowdhury & Co

Hoda Vasi Chowdhury & Co

Hoda Vasi Chowdhury & Co

Auditor Opinion

Unqualified

Unqualified

Unqualified with Explanation

Unqualified with Explanation

Unqualified with Explanation

 

 

 

 

 

 

    Interest & Fees on Loans

134.8

103.1

89.3

79.5

70.9

Interest Income, Bank

134.8

103.1

89.3

79.5

70.9

    Interest on Other Borrowings

67.9

49.5

59.3

53.0

53.6

Total Interest Expense

67.9

49.5

59.3

53.0

53.6

Net Interest Income

67.0

53.5

29.9

26.5

17.3

 

 

 

 

 

 

Loan Loss Provision

3.1

6.6

6.2

1.0

3.6

Net Interest Income after Loan Loss Provision

63.9

46.9

23.7

25.5

13.6

 

 

 

 

 

 

    Commissions & Fees from Securities Activities

38.5

31.8

25.1

21.5

18.7

    Investment Securities Gains

0.0

2.9

6.7

0.0

0.7

    Other Unusual Income

0.0

0.0

0.0

0.0

0.0

    Other Revenue

17.2

14.6

8.1

5.1

2.1

Non-Interest Income, Bank

55.8

49.3

39.9

26.6

21.6

    Labor & Related Expenses

-28.3

-21.4

-14.4

-10.3

-7.9

    Depreciation Expense

-10.4

-6.9

-5.6

-4.1

-3.0

    Other Unusual Expense

0.0

0.0

0.0

-

-

    Other Expense

-19.5

-14.2

-12.3

-11.8

-9.5

Non-Interest Expense, Bank

-58.2

-42.5

-32.4

-26.2

-20.4

Income Before Tax

61.4

53.7

31.2

25.9

14.8

 

 

 

 

 

 

Total Income Tax

32.3

25.0

14.7

13.9

7.9

Income After Tax

29.1

28.8

16.5

12.0

7.0

 

 

 

 

 

 

Net Income Before Extraord Items

29.1

28.8

16.5

12.0

7.0

Net Income

29.1

28.8

16.5

12.0

7.0

 

 

 

 

 

 

Income Available to Common Excl Extraord Items

29.1

28.8

16.5

12.0

7.0

 

 

 

 

 

 

Income Available to Common Incl Extraord Items

29.1

28.8

16.5

12.0

7.0

 

 

 

 

 

 

Basic/Primary Weighted Average Shares

200.0

200.0

200.0

200.0

200.0

Basic EPS Excl Extraord Items

0.15

0.14

0.08

0.06

0.03

Basic/Primary EPS Incl Extraord Items

0.15

0.14

0.08

0.06

0.03

Diluted Net Income

29.1

28.8

16.5

12.0

7.0

Diluted Weighted Average Shares

200.0

200.0

200.0

200.0

200.0

Diluted EPS Excl Extraord Items

0.15

0.14

0.08

0.06

0.03

Diluted EPS Incl Extraord Items

0.15

0.14

0.08

0.06

0.03

Dividends per Share - Common Stock Primary Issue

0.05

0.04

0.00

0.00

0.00

Gross Dividends - Common Stock

4.2

3.3

0.0

0.0

0.0

Depreciation, Supplemental

8.7

5.6

4.4

3.2

2.2

Total Special Items

-0.1

-0.1

0.0

0.0

0.0

Normalized Income Before Tax

61.4

53.6

31.2

25.9

14.8

 

 

 

 

 

 

Effect of Special Items on Income Taxes

0.0

0.0

0.0

0.0

0.0

Inc Tax Ex Impact of Sp Items

32.3

24.9

14.7

13.9

7.9

Normalized Income After Tax

29.1

28.7

16.5

12.0

7.0

 

 

 

 

 

 

Normalized Inc. Avail to Com.

29.1

28.7

16.5

12.0

7.0

 

 

 

 

 

 

Basic Normalized EPS

0.15

0.14

0.08

0.06

0.03

Diluted Normalized EPS

0.15

0.14

0.08

0.06

0.03

Rental Expenses

5.0

3.4

1.7

1.7

1.5

Advertising Expense, Supplemental

2.5

1.8

1.8

1.1

0.9

Bank Total Revenue

190.6

152.4

129.1

106.1

92.5

    Current Tax - Domestic

30.8

24.6

16.5

13.3

11.0

Current Tax - Total

30.8

24.6

16.5

13.3

11.0

    Deferred Tax - Domestic

1.5

0.4

-1.8

0.6

-3.1

Deferred Tax - Total

1.5

0.4

-1.8

0.6

-3.1

Income Tax - Total

32.3

25.0

14.7

13.9

7.9

 

 

Annual Balance Sheet

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

UpdateType/Date

Updated Normal
31-Dec-2011

Updated Normal
31-Dec-2010

Restated Normal
31-Dec-2010

Restated Normal
31-Dec-2009

Updated Normal
31-Dec-2007

Filed Currency

BDT

BDT

BDT

BDT

BDT

Exchange Rate

81.83

70.475

69.26

68.91

69.555

Auditor

A. Qasem & Co.

A. Qasem & Co.

Hoda Vasi Chowdhury & Co

Hoda Vasi Chowdhury & Co

Hoda Vasi Chowdhury & Co

Auditor Opinion

Unqualified

Unqualified

Unqualified with Explanation

Unqualified with Explanation

Unqualified with Explanation

 

 

 

 

 

 

Cash & Due from Banks

189.4

180.4

243.5

102.0

130.1

    Fed Funds Sold/Securities Purch Under Resale Agrmnt

69.7

19.9

11.8

36.3

29.5

    Other Short Term Investments

256.6

276.9

202.1

133.2

137.5

Other Earning Assets, Total

326.2

296.8

213.9

169.5

167.0

Net Loans

850.1

839.2

636.0

539.2

355.3

        Buildings

4.9

5.6

3.2

1.8

1.7

        Land/Improvements

9.1

10.6

4.6

4.6

4.4

        Machinery/Equipment

53.7

39.7

27.2

19.3

14.2

        Other Property/Plant/Equipment

5.6

5.3

5.1

4.0

3.5

    Property/Plant/Equipment - Gross

73.3

61.3

40.1

29.8

23.8

    Accumulated Depreciation

-24.7

-19.7

-14.5

-10.3

-7.3

Property/Plant/Equipment - Net

48.7

41.6

25.6

19.4

16.5

    Interest Receivable

0.0

0.0

0.7

9.9

14.9

    Other Assets

92.0

77.7

61.1

39.6

26.1

Other Assets, Total

92.0

77.7

61.8

49.5

41.0

Total Assets

1,506.4

1,435.7

1,180.9

879.7

709.8

 

 

 

 

 

 

Accounts Payable

13.6

17.9

14.4

12.1

12.3

Accrued Expenses

1.3

1.3

1.0

18.2

17.5

    Interest Bearing Deposits

986.0

952.5

799.1

619.4

497.0

    Other Deposits

231.2

210.8

165.3

117.0

96.1

Total Deposits

1,217.2

1,163.3

964.4

736.4

593.1

    Income Taxes Payable

89.2

71.2

52.5

33.5

19.5

Other Current liabilities, Total

89.2

71.2

52.5

33.5

19.5

    Long Term Debt

38.9

46.6

58.1

29.3

29.7

Total Long Term Debt

38.9

46.6

58.1

29.3

29.7

Total Debt

38.9

46.6

58.1

29.3

29.7

 

 

 

 

 

 

    Other Liabilities

37.0

36.2

27.7

4.4

4.1

Other Liabilities, Total

37.0

36.2

27.7

4.4

4.1

Total Liabilities

1,397.1

1,336.4

1,118.1

833.8

676.3

 

 

 

 

 

 

    Common Stock

28.2

31.7

28.9

21.8

14.4

Common Stock

28.2

31.7

28.9

21.8

14.4

Additional Paid-In Capital

0.1

0.2

0.2

0.2

0.2

Retained Earnings (Accumulated Deficit)

69.2

54.2

29.5

20.4

15.5

Unrealized Gain (Loss)

11.7

13.3

4.3

3.6

3.5

    Other Equity

-

-

-

-

0.0

Other Equity, Total

-

-

-

-

0.0

Total Equity

109.2

99.3

62.8

45.9

33.6

 

 

 

 

 

 

Total Liabilities & Shareholders’ Equity

1,506.4

1,435.7

1,180.9

879.7

709.8

 

 

 

 

 

 

    Shares Outstanding - Common Stock Primary Issue

200.0

200.0

200.0

200.0

200.0

Total Common Shares Outstanding

200.0

200.0

200.0

200.0

200.0

Employees

4,015

2,794

1,785

1,229

789

Number of Common Shareholders

7,457

8,409

7,508

4,010

1,387

Tier 1 Capital %

8.02%

6.39%

7.95%

6.91%

7.23%

Total Capital %

11.23%

9.64%

11.59%

10.89%

11.76%

Total Long Term Debt, Supplemental

38.9

40.9

58.1

29.3

22.5

Long Term Debt Maturing within 1 Year

9.0

2.9

23.8

2.7

3.3

Long Term Debt Maturing in Year 2

5.0

5.5

6.2

2.7

2.8

Long Term Debt Maturing in Year 3

5.0

5.5

6.2

2.7

2.8

Long Term Debt Maturing in Year 4

5.0

5.5

6.2

2.7

2.8

Long Term Debt Maturing in Year 5

5.0

5.5

6.2

2.7

2.8

Long Term Debt Maturing in 2-3 Years

9.9

11.1

12.4

5.5

5.7

Long Term Debt Maturing in 4-5 Years

9.9

11.1

12.4

5.5

5.7

Long Term Debt Matur. in Year 6 & Beyond

10.1

15.9

9.4

15.6

7.8

 

 

Annual Cash Flows

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2011

Updated Normal
31-Dec-2010

Reclassified Normal
31-Dec-2010

Updated Normal
31-Dec-2008

Updated Normal
31-Dec-2007

Filed Currency

BDT

BDT

BDT

BDT

BDT

Exchange Rate (Period Average)

74.041708

69.60265

69.026932

68.582616

68.868552

Auditor

A. Qasem & Co.

A. Qasem & Co.

Hoda Vasi Chowdhury & Co

Hoda Vasi Chowdhury & Co

Hoda Vasi Chowdhury & Co

Auditor Opinion

Unqualified

Unqualified

Unqualified with Explanation

Unqualified with Explanation

Unqualified with Explanation

 

 

 

 

 

 

Cash Receipts

139.5

120.7

-15.2

-10.1

-7.8

Cash Payments

-39.7

-29.3

-3.6

-3.0

-1.9

Cash Taxes Paid

-23.0

-20.2

-9.6

-14.1

-5.4

Cash Interest Paid

-59.7

-52.3

-60.7

-56.1

-53.6

    Other Operating Cash Flow

100.0

-49.8

213.9

59.6

109.6

Changes in Working Capital

100.0

-49.8

213.9

59.6

109.6

Cash from Operating Activities

117.0

-30.9

124.7

-23.7

41.0

 

 

 

 

 

 

    Purchase of Fixed Assets

-23.2

-14.3

-10.8

-6.1

-7.6

Capital Expenditures

-23.2

-14.3

-10.8

-6.1

-7.6

    Sale of Fixed Assets

0.4

0.1

0.1

0.2

0.1

    Sale/Maturity of Investment

0.0

0.0

0.0

0.0

0.0

    Purchase of Investments

8.7

-7.8

0.0

0.0

0.0

Other Investing Cash Flow Items, Total

9.0

-7.7

0.1

0.2

0.1

Cash from Investing Activities

-14.2

-21.9

-10.7

-5.9

-7.5

 

 

 

 

 

 

    Cash Dividends Paid - Common

-3.1

0.0

0.0

0.0

-0.7

Total Cash Dividends Paid

-3.1

0.0

0.0

0.0

-0.7

        Sale/Issuance of Common

0.0

0.0

1.3

7.1

7.2

    Common Stock, Net

0.0

0.0

1.3

7.1

7.2

Issuance (Retirement) of Stock, Net

0.0

0.0

1.3

7.1

7.2

Cash from Financing Activities

-3.1

0.0

1.3

7.1

6.4

 

 

 

 

 

 

Net Change in Cash

99.7

-52.8

115.3

-22.5

39.9

 

 

 

 

 

 

Net Cash - Beginning Balance

189.3

254.2

141.0

164.4

123.8

Net Cash - Ending Balance

289.1

201.4

256.3

141.9

163.7

Depreciation

8.7

5.6

4.4

3.2

2.2

 

 

Annual Income Statement

 

Financials in: USD (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2011

Updated Normal
31-Dec-2010

Reclassified Normal
31-Dec-2010

Reclassified Normal
31-Dec-2009

Reclassified Normal
31-Dec-2008

Filed Currency

BDT

BDT

BDT

BDT

BDT

Exchange Rate (Period Average)

74.041708

69.60265

69.026932

68.582616

68.868552

Auditor

A. Qasem & Co.

A. Qasem & Co.

Hoda Vasi Chowdhury & Co

Hoda Vasi Chowdhury & Co

Hoda Vasi Chowdhury & Co

Auditor Opinion

Unqualified

Unqualified

Unqualified with Explanation

Unqualified with Explanation

Unqualified with Explanation

 

 

 

 

 

 

    Interest on Loans & Advances

124.6

95.9

79.8

75.4

63.2

    Interest on Balances with Other banks &

10.2

7.2

9.5

4.1

7.7

    Interst Income - Off Shore Banking Unit

0.1

0.0

0.0

-

-

Total Revenue

134.8

103.1

89.3

79.5

70.9

 

 

 

 

 

 

    Interest paid on Deposits & Borrowings &

67.9

49.5

59.3

53.0

53.6

    Specific Provisions

2.0

0.6

4.0

-0.7

3.6

    General Provisions

2.2

3.2

1.5

-0.1

-1.4

    Release from General Provision for loans

-1.1

2.9

0.6

1.8

1.4

    Provision for Other Classified Assets

0.0

0.0

0.0

0.0

0.0

Total Operating Expense

71.0

56.2

65.5

54.0

57.2

 

 

 

 

 

 

    Dividend on Shares

0.0

0.1

0.0

0.0

0.0

    Interest on Debenture

-

-

0.0

0.0

0.0

    Interest on Treasury Bills

15.8

15.4

12.6

9.0

8.4

    Gain on Sale of Shares

0.0

2.9

6.7

0.0

0.7

    Commision,Exchange & Brokerage

22.7

16.4

12.5

12.4

10.3

    Other Operating Income

17.2

14.5

8.1

5.0

2.1

    Income from Sale of Fixed Assets

0.1

0.0

0.0

0.0

0.0

    Salary & Allowances

-28.1

-21.2

-14.3

-10.3

-7.9

    Rent, Rates & Taxes,Insurance,Electricit

-7.7

-5.4

-3.2

-2.7

-2.3

    Legal Expenses

0.0

0.0

0.0

0.0

0.0

    Postage,Stamp,Telecommunication,Etc

-1.6

-1.3

-1.1

-0.4

-0.4

    Printing,Stationery & Advertisement

-2.5

-1.8

-1.8

-1.1

-0.9

    Managing Director's Salary & Allowances

-0.1

-0.2

-0.1

-0.1

-0.1

    Directors Fees

0.0

0.0

0.0

0.0

0.0

    Audit Fess

0.0

0.0

0.0

0.0

0.0

    Charges on Loan Losses

-2.0

0.0

0.0

-2.8

-1.6

    Depreciation & Repair of banks Assets

-10.4

-6.9

-5.6

-4.1

-3.0

    Other Expenses

-4.7

-4.7

-3.8

-2.8

-3.2

    Debit/Credit Charges

-1.1

-1.0

-0.7

-0.5

-0.3

    Contribution to Dutch-Bangla bank Founda

-

0.0

-1.6

-1.4

-0.8

    Extra Ordinary Gain

0.0

0.0

0.0

-

-

Total Non-Interest Revenue

55.8

49.3

39.9

26.6

21.6

 

 

 

 

 

 

Total Non-Interest Expense

-58.2

-42.5

-32.4

-26.2

-20.4

 

 

 

 

 

 

Net Income Before Taxes

61.4

53.7

31.2

25.9

14.8

 

 

 

 

 

 

Provision for Income Taxes

32.3

25.0

14.7

13.9

7.9

Net Income After Taxes

29.1

28.8

16.5

12.0

7.0

 

 

 

 

 

 

Net Income Before Extra. Items

29.1

28.8

16.5

12.0

7.0

Net Income

29.1

28.8

16.5

12.0

7.0

 

 

 

 

 

 

Income Available to Com Excl ExtraOrd

29.1

28.8

16.5

12.0

7.0

 

 

 

 

 

 

Income Available to Com Incl ExtraOrd

29.1

28.8

16.5

12.0

7.0

 

 

 

 

 

 

Basic Weighted Average Shares

200.0

200.0

200.0

200.0

200.0

Basic EPS Excluding ExtraOrdinary Items

0.15

0.14

0.08

0.06

0.03

Basic EPS Including ExtraOrdinary Items

0.15

0.14

0.08

0.06

0.03

Diluted Net Income

29.1

28.8

16.5

12.0

7.0

Diluted Weighted Average Shares

200.0

200.0

200.0

200.0

200.0

Diluted EPS Excluding ExtraOrd Items

0.15

0.14

0.08

0.06

0.03

Diluted EPS Including ExtraOrd Items

0.15

0.14

0.08

0.06

0.03

DPS-Common Shares

0.05

0.04

0.00

0.00

0.00

Gross Dividends - Common Stock

4.2

3.3

0.0

0.0

0.0

Normalized Income Before Taxes

61.4

53.6

31.2

25.9

14.8

 

 

 

 

 

 

Inc Tax Ex Impact of Sp Items

32.3

24.9

14.7

13.9

7.9

Normalized Income After Taxes

29.1

28.7

16.5

12.0

7.0

 

 

 

 

 

 

Normalized Inc. Avail to Com.

29.1

28.7

16.5

12.0

7.0

 

 

 

 

 

 

Basic Normalized EPS

0.15

0.14

0.08

0.06

0.03

Diluted Normalized EPS

0.15

0.14

0.08

0.06

0.03

Advertising Expense, Supplemental

2.5

1.8

1.8

1.1

0.9

Depreciation, Supplemental

8.7

5.6

4.4

3.2

2.2

Rental Expense, Supplemental

5.0

3.4

1.7

1.7

1.5

    Current Tax

30.8

24.6

16.5

13.3

11.0

Current Tax - Total

30.8

24.6

16.5

13.3

11.0

    Deferred Tax

1.5

0.4

-1.8

0.6

-3.1

Deferred Tax - Total

1.5

0.4

-1.8

0.6

-3.1

Income Tax - Total

32.3

25.0

14.7

13.9

7.9

 

 

Annual Balance Sheet

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

UpdateType/Date

Updated Normal
31-Dec-2011

Updated Normal
31-Dec-2010

Restated Normal
31-Dec-2010

Restated Normal
31-Dec-2009

Updated Normal
31-Dec-2007

Filed Currency

BDT

BDT

BDT

BDT

BDT

Exchange Rate

81.83

70.475

69.26

68.91

69.555

Auditor

A. Qasem & Co.

A. Qasem & Co.

Hoda Vasi Chowdhury & Co

Hoda Vasi Chowdhury & Co

Hoda Vasi Chowdhury & Co

Auditor Opinion

Unqualified

Unqualified

Unqualified with Explanation

Unqualified with Explanation

Unqualified with Explanation

 

 

 

 

 

 

    Cash in Hand

43.2

53.5

28.0

18.1

14.2

    Balances with Bangladesh Bank & Its Agen

86.8

88.7

68.1

56.3

46.1

    Other Banks & Financial Instituions-In B

55.3

31.3

143.5

25.5

66.1

    Other Banks & Financial Instituions-Outs

4.2

7.0

3.9

2.1

3.6

    Money at Call & Short Notice

69.7

19.9

11.8

36.3

29.5

    Investment-Government

118.9

138.2

139.6

77.0

84.6

    Investment-Others

14.3

17.9

0.2

0.3

0.3

    Loans,Cash Credits,Overdraft,Etc

850.1

839.2

636.0

539.2

355.3

    Bills Purchase & Discounted

123.4

120.8

62.3

56.0

52.6

    Lease Receivables

0.0

0.0

0.7

9.9

14.9

    Land

9.1

10.6

4.6

4.6

4.4

    Building

4.9

5.6

3.2

1.8

1.7

    Interior Decoration

5.6

5.3

5.1

4.0

3.5

    Furniture & Fixtures

1.9

1.9

1.7

1.5

1.2

    Machinery & Equipment

6.8

5.9

4.6

3.3

2.4

    Computer & Accessories

35.8

24.2

15.7

11.0

8.1

    Motor Vehicles

3.6

3.2

2.0

1.9

1.5

    ATM Booth

5.5

4.5

3.2

1.7

1.1

    Books

0.0

0.0

0.0

0.0

0.0

    Accumulated Depreciation

-24.7

-19.7

-14.5

-10.3

-7.3

    Other Assets

92.0

77.7

61.1

39.6

26.1

Total Assets

1,506.4

1,435.7

1,180.9

879.7

709.8

 

 

 

 

 

 

    Current Deposits & Other Accounts,Etc

231.2

210.8

165.3

117.0

96.1

    Savings Bank Deposits

458.3

440.3

322.6

177.2

110.8

    Term Deposits

527.7

512.2

476.5

442.2

386.2

    Bills Payable

13.6

17.9

14.4

12.1

12.3

    Provisions

1.3

1.3

1.0

18.2

17.5

    Provision for Tax

89.2

71.2

52.5

33.5

19.5

    Others

37.0

36.2

27.7

4.4

4.1

    Long-term Liability-DBBL Industrial Bond

-

-

-

-

7.2

    Subordiante Debt

16.5

20.1

21.9

20.7

13.5

    Borrowings

22.4

26.5

36.3

8.6

9.1

Total Long Term Debt

38.9

46.6

58.1

29.3

29.7

 

 

 

 

 

 

Total Liabilities

1,397.1

1,336.4

1,118.1

833.8

676.3

 

 

 

 

 

 

    Share Capital

24.4

28.4

21.7

14.5

2.9

    Share Premium

0.1

0.2

0.2

0.2

0.2

    Statutory Reserves

44.7

39.0

28.9

17.4

12.1

    Other Reserve

0.1

0.2

0.1

0.1

-

    Dividend Equalization Accounts

3.1

1.5

0.4

0.4

0.4

    Asset Revaluation Reserve

10.4

12.1

3.5

3.6

3.5

    Revaluation Reserve of HTM Securities

1.3

1.2

0.8

0.0

0.0

    Proposed Bonus Share

3.8

3.3

7.2

7.3

11.5

    Proposed Dividend

-

-

-

-

0.0

    Retained Earnings

21.2

13.6

0.2

2.6

3.0

Total Equity

109.2

99.3

62.8

45.9

33.6

 

 

 

 

 

 

Total Liabilities & Shareholders' Equity

1,506.4

1,435.7

1,180.9

879.7

709.8

 

 

 

 

 

 

    S/O-Common Shares

200.0

200.0

200.0

200.0

200.0

Total Common Shares Outstanding

200.0

200.0

200.0

200.0

200.0

Total Capital %

11.23%

9.64%

11.59%

10.89%

11.76%

Tier Capital %

8.02%

6.39%

7.95%

6.91%

7.23%

Full-Time Employees

4,015

2,794

1,785

1,229

789

Number of Common Shareholders

7,457

8,409

7,508

4,010

1,387

Long Term Debt Maturing within 1 Year

9.0

2.9

23.8

2.7

3.3

Long Term Debt Maturing in Year 5

19.9

22.2

24.9

11.0

11.4

Long Term Debt - Remaining Maturities

10.1

15.9

9.4

15.6

7.8

Total Long Term Debt, Supplemental

38.9

40.9

58.1

29.3

22.5

 

 

Annual Cash Flows

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2011

Updated Normal
31-Dec-2010

Reclassified Normal
31-Dec-2010

Updated Normal
31-Dec-2008

Updated Normal
31-Dec-2007

Filed Currency

BDT

BDT

BDT

BDT

BDT

Exchange Rate (Period Average)

74.041708

69.60265

69.026932

68.582616

68.868552

Auditor

A. Qasem & Co.

A. Qasem & Co.

Hoda Vasi Chowdhury & Co

Hoda Vasi Chowdhury & Co

Hoda Vasi Chowdhury & Co

Auditor Opinion

Unqualified

Unqualified

Unqualified with Explanation

Unqualified with Explanation

Unqualified with Explanation

 

 

 

 

 

 

    Cash Receipts

139.5

120.7

-15.2

-10.1

-7.8

    Cash Payments

-39.7

-29.3

-3.6

-3.0

-1.9

    Interest Received in Cash

-

-

100.6

74.3

78.1

    Cash Interest Paid

-59.7

-52.3

-60.7

-56.1

-53.6

    Dividend Received

0.0

0.1

0.0

0.0

0.0

    Gain on Sale of Shares

0.0

2.9

1.6

0.0

-

    Gain on Sale of Securities

0.7

0.1

5.0

0.0

-

    Recoveries of Loan previously Written-Of

0.4

1.5

0.0

0.0

-

    Fees & Commission Received in Cash

6.7

7.0

4.7

4.6

3.8

    Cash Taxes Paid

-23.0

-20.2

-9.6

-14.1

-5.4

    Received from Other Operating Activities

33.2

23.9

15.8

13.5

8.8

    Paid for Other Operating Activities

-15.0

-11.0

-8.1

-6.9

-5.4

    Statutory Deposits

57.8

35.8

45.3

19.8

9.8

    Purchase-Sale of Trading Securities

-5.9

-9.7

-66.1

2.1

-11.5

    Loans & Advances to Customer

-157.2

-278.5

-99.3

-177.7

14.7

    Other Assets

2.3

-2.1

-4.1

18.3

-6.1

    Deposits from Other Banks

-50.7

53.5

1.8

-6.6

-18.1

    Deposits from Customers

220.8

135.6

189.0

127.3

37.8

    Other Liabilities Accounts of Customer

4.0

-10.1

27.8

-7.9

-3.1

    Other Liabilities

2.8

1.4

-0.3

-1.2

0.7

Cash from Operating Activities

117.0

-30.9

124.7

-23.7

41.0

 

 

 

 

 

 

    Payments for Purcahse of Securities

8.7

-7.8

0.0

0.0

0.0

    Proceeds from Sale of Securities

0.0

0.0

0.0

0.0

0.0

    Capital Expenditures

-23.2

-14.3

-10.8

-6.1

-7.6

    Sale Proceeds of Property,Plant & equipm

0.4

0.1

0.1

0.2

0.1

Cash from Investing Activities

-14.2

-21.9

-10.7

-5.9

-7.5

 

 

 

 

 

 

    Received from Issue of Loan Capital & De

0.0

0.0

1.3

7.1

7.2

    Dividend Paid

-3.1

0.0

0.0

0.0

-0.7

Cash from Financing Activities

-3.1

0.0

1.3

7.1

6.4

 

 

 

 

 

 

Net Change in Cash

99.7

-52.8

115.3

-22.5

39.9

 

 

 

 

 

 

    Depreciation

8.7

5.6

4.4

3.2

2.2

Cash Begining of Year

189.3

254.2

141.0

164.4

123.8

Cash Ending of Year

289.1

201.4

256.3

141.9

163.7

 

 

Financial Health

 

Key Indicators USD (mil)

 

Quarter
Ending
31-Dec-2011

Quarter
Ending
Yr Ago

Annual
Year End
31-Dec-2011

1 Year
Growth

3 Year
Growth

5 Year
Growth

Total Revenue1

52.9

35.78%

190.6

33.06%

24.72%

22.19%

Income Available to Common Excl Extraord Items1

8.0

4.46%

29.1

7.62%

37.90%

42.86%

Basic EPS Excl Extraord Items1

0.04

4.46%

0.15

7.62%

37.90%

42.86%

Capital Expenditures2

23.2

-

23.2

72.92%

60.21%

44.74%

Cash from Operating Activities2

117.0

-

117.0

-

-

45.08%

Free Cash Flow

84.9

-

84.9

-

-

45.17%

Total Assets3

1,506.4

-

1,506.4

21.83%

26.69%

22.06%

Total Liabilities3

1,397.1

-

1,397.1

21.39%

25.78%

21.14%

Total Long Term Debt3

38.9

-

38.9

-2.99%

16.43%

12.25%

Employees3

-

-

4015

43.70%

48.38%

42.47%

Total Common Shares Outstanding3

200.0

-

200.0

0.00%

0.00%

0.00%

1-ExchangeRate: BDT to USD Average for Period

77.002581

 

74.041708

 

 

 

2-ExchangeRate: BDT to USD Average for Period

74.041708

 

74.041708

 

 

 

3-ExchangeRate: BDT to USD Period End Date

81.830000

 

81.830000

 

 

 

 

Banking Industry Specific USD (mil)

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

 

Interest Income, Bank1

134.8

103.1

89.3

79.5

70.9

 

Total Interest Expense1

67.9

49.5

59.3

53.0

53.6

 

Loan Loss Provision1

3.1

6.6

6.2

1.0

3.6

 

Cash & Due from Banks3

189.4

180.4

243.5

102.0

130.1

 

Total Deposits3

1,217.2

1,163.3

964.4

736.4

593.1

 

1-ExchangeRate: BDT to USD Average for Period

74.041708

69.602650

69.026932

68.582616

68.868552

 

3-ExchangeRate: BDT to USD Period End Date

81.830000

70.475000

69.260000

68.910000

69.555000

 

 

Key Ratios

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

Profitability

Pretax Margin

45.55%

52.11%

34.96%

32.57%

20.95%

Net Profit Margin

21.58%

27.91%

18.46%

15.07%

9.83%

Financial Strength

Long Term Debt/Equity

0.36

0.47

0.93

0.64

0.89

Total Debt/Equity

0.36

0.47

0.93

0.64

0.89

Management Effectiveness

Return on Assets

1.92%

2.19%

1.60%

1.49%

1.01%

Return on Equity

27.04%

35.27%

30.28%

29.89%

24.02%

Efficiency

Receivables Turnover

0.22

0.21

0.22

0.24

0.26

Asset Turnover

0.13

0.12

0.13

0.13

0.13

 

Market Valuation USD (mil)

P/E (TTM)

11.69

.

Enterprise Value2

157.4

Price/Sales (TTM)

2.77

.

Price/Book (MRQ)

2.82

Enterprise Value/EBITDA (TTM)

1.26

.

Market Cap1

 

1-ExchangeRate: BDT to USD on 10-May-2012

 

 

 

 

2-ExchangeRate: BDT to USD on 31-Dec-2011

81.830000

 

 

 

 

Annual Ratios

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

Financial Strength

Long Term Debt/Equity

0.36

0.47

0.93

0.64

0.89

Total Debt/Equity

0.36

0.47

0.93

0.64

0.89

Long Term Debt/Total Capital

0.26

0.32

0.48

0.39

0.47

Total Debt/Total Capital

0.26

0.32

0.48

0.39

0.47

Payout Ratio

37.13%

29.97%

0.00%

0.00%

0.00%

Effective Tax Rate

52.62%

46.45%

47.19%

53.74%

53.06%

Total Capital1

148.1

145.9

121.0

75.2

63.3

 

 

 

 

 

 

Efficiency

Asset Turnover

0.13

0.12

0.13

0.13

0.13

Receivables Turnover

0.22

0.21

0.22

0.24

0.26

Days Receivables Outstanding

1,664.19

1,775.43

1,662.53

1,551.92

1,426.74

Revenue/Employee2

42,961

53,870

72,105

85,910

116,030

 

 

 

 

 

 

Profitability

Pretax Margin

45.55%

52.11%

34.96%

32.57%

20.95%

Net Profit Margin

21.58%

27.91%

18.46%

15.07%

9.83%

 

 

 

 

 

 

Management Effectiveness

Return on Assets

1.92%

2.19%

1.60%

1.49%

1.01%

Return on Equity

27.04%

35.27%

30.28%

29.89%

24.02%

 

 

 

 

 

 

Valuation

Free Cash Flow/Share2

0.42

-0.22

0.57

-0.15

0.17

Operating Cash Flow/Share 2

0.53

-0.15

0.62

-0.12

0.20

1-ExchangeRate: BDT to USD Period End Date

81.83

70.475

69.26

68.91

69.555

2-ExchangeRate: BDT to USD Average for Period

81.83

70.475

69.26

68.91

69.555

 

 

Current Market Multiples

Market Cap/Earnings (TTM)

11.69

Market Cap/Equity (MRQ)

2.82

Market Cap/Revenue (TTM)

2.52

Market Cap/EBIT (TTM)

2.63

Market Cap/EBITDA (TTM)

2.44

Enterprise Value/Earnings (TTM)

5.98

Enterprise Value/Equity (MRQ)

1.44

Enterprise Value/Revenue (TTM)

1.29

Enterprise Value/EBIT (TTM)

1.35

Enterprise Value/EBITDA (TTM)

1.25

 

 

Annual Income Statement Standardized

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2011

Updated Normal
31-Dec-2010

Reclassified Normal
31-Dec-2010

Reclassified Normal
31-Dec-2009

Reclassified Normal
31-Dec-2008

Filed Currency

BDT

BDT

BDT

BDT

BDT

Exchange Rate (Period Average)

74.041708

69.60265

69.026932

68.582616

68.868552

Auditor

A. Qasem & Co.

A. Qasem & Co.

Hoda Vasi Chowdhury & Co

Hoda Vasi Chowdhury & Co

Hoda Vasi Chowdhury & Co

Auditor Opinion

Unqualified

Unqualified

Unqualified with Explanation

Unqualified with Explanation

Unqualified with Explanation

 

 

 

 

 

 

    Interest & Fees on Loans

134.8

103.1

89.3

79.5

70.9

Interest Income, Bank

134.8

103.1

89.3

79.5

70.9

    Interest on Other Borrowings

67.9

49.5

59.3

53.0

53.6

Total Interest Expense

67.9

49.5

59.3

53.0

53.6

Net Interest Income

67.0

53.5

29.9

26.5

17.3

 

 

 

 

 

 

Loan Loss Provision

3.1

6.6

6.2

1.0

3.6

Net Interest Income after Loan Loss Provision

63.9

46.9

23.7

25.5

13.6

 

 

 

 

 

 

    Commissions & Fees from Securities Activities

38.5

31.8

25.1

21.5

18.7

    Investment Securities Gains

0.0

2.9

6.7

0.0

0.7

    Other Unusual Income

0.0

0.0

0.0

0.0

0.0

    Other Revenue

17.2

14.6

8.1

5.1

2.1

Non-Interest Income, Bank

55.8

49.3

39.9

26.6

21.6

    Labor & Related Expenses

-28.3

-21.4

-14.4

-10.3

-7.9

    Depreciation Expense

-10.4

-6.9

-5.6

-4.1

-3.0

    Other Unusual Expense

0.0

0.0

0.0

-

-

    Other Expense

-19.5

-14.2

-12.3

-11.8

-9.5

Non-Interest Expense, Bank

-58.2

-42.5

-32.4

-26.2

-20.4

Income Before Tax

61.4

53.7

31.2

25.9

14.8

 

 

 

 

 

 

Total Income Tax

32.3

25.0

14.7

13.9

7.9

Income After Tax

29.1

28.8

16.5

12.0

7.0

 

 

 

 

 

 

Net Income Before Extraord Items

29.1

28.8

16.5

12.0

7.0

Net Income

29.1

28.8

16.5

12.0

7.0

 

 

 

 

 

 

Income Available to Common Excl Extraord Items

29.1

28.8

16.5

12.0

7.0

 

 

 

 

 

 

Income Available to Common Incl Extraord Items

29.1

28.8

16.5

12.0

7.0

 

 

 

 

 

 

Basic/Primary Weighted Average Shares

200.0

200.0

200.0

200.0

200.0

Basic EPS Excl Extraord Items

0.15

0.14

0.08

0.06

0.03

Basic/Primary EPS Incl Extraord Items

0.15

0.14

0.08

0.06

0.03

Diluted Net Income

29.1

28.8

16.5

12.0

7.0

Diluted Weighted Average Shares

200.0

200.0

200.0

200.0

200.0

Diluted EPS Excl Extraord Items

0.15

0.14

0.08

0.06

0.03

Diluted EPS Incl Extraord Items

0.15

0.14

0.08

0.06

0.03

Dividends per Share - Common Stock Primary Issue

0.05

0.04

0.00

0.00

0.00

Gross Dividends - Common Stock

4.2

3.3

0.0

0.0

0.0

Depreciation, Supplemental

8.7

5.6

4.4

3.2

2.2

Total Special Items

-0.1

-0.1

0.0

0.0

0.0

Normalized Income Before Tax

61.4

53.6

31.2

25.9

14.8

 

 

 

 

 

 

Effect of Special Items on Income Taxes

0.0

0.0

0.0

0.0

0.0

Inc Tax Ex Impact of Sp Items

32.3

24.9

14.7

13.9

7.9

Normalized Income After Tax

29.1

28.7

16.5

12.0

7.0

 

 

 

 

 

 

Normalized Inc. Avail to Com.

29.1

28.7

16.5

12.0

7.0

 

 

 

 

 

 

Basic Normalized EPS

0.15

0.14

0.08

0.06

0.03

Diluted Normalized EPS

0.15

0.14

0.08

0.06

0.03

Rental Expenses

5.0

3.4

1.7

1.7

1.5

Advertising Expense, Supplemental

2.5

1.8

1.8

1.1

0.9

Bank Total Revenue

190.6

152.4

129.1

106.1

92.5

    Current Tax - Domestic

30.8

24.6

16.5

13.3

11.0

Current Tax - Total

30.8

24.6

16.5

13.3

11.0

    Deferred Tax - Domestic

1.5

0.4

-1.8

0.6

-3.1

Deferred Tax - Total

1.5

0.4

-1.8

0.6

-3.1

Income Tax - Total

32.3

25.0

14.7

13.9

7.9

 

 

Interim Income Statement Standardized

 

 

31-Dec-2011

30-Sep-2011

30-Jun-2011

31-Mar-2011

31-Dec-2010

Period Length

3 Months

3 Months

3 Months

3 Months

3 Months

UpdateType/Date

Updated Normal
31-Dec-2011

Updated Normal
30-Sep-2011

Updated Calculated
30-Sep-2011

Updated Normal
31-Mar-2011

Reclassified Normal
31-Dec-2011

Filed Currency

BDT

BDT

BDT

BDT

BDT

Exchange Rate (Period Average)

77.002581

74.501559

73.267903

71.32044

70.399892

 

 

 

 

 

 

    Interest & Fees on Loans

36.7

36.4

32.0

29.5

28.6

Interest Income, Bank

36.7

36.4

32.0

29.5

28.6

    Interest on Other Borrowings

18.2

18.5

16.4

14.6

13.9

Total Interest Expense

18.2

18.5

16.4

14.6

13.9

Net Interest Income

18.5

17.8

15.6

14.9

14.7

 

 

 

 

 

 

Loan Loss Provision

-1.9

0.9

2.0

2.4

-0.1

Net Interest Income after Loan Loss Provision

20.4

16.9

13.6

12.5

14.9

 

 

 

 

 

 

    Commissions & Fees from Securities Activities

6.7

4.8

5.5

5.6

4.8

    Investment Securities Gains

3.7

3.3

3.7

5.1

4.7

    Other Revenue

5.8

3.2

5.0

3.3

4.5

Non-Interest Income, Bank

16.2

11.3

14.2

14.0

14.0

    Labor & Related Expenses

-8.6

-8.0

-6.4

-5.1

-6.9

    Depreciation Expense

-2.8

-2.8

-2.7

-2.2

-1.9

    Other Unusual Expense

0.0

0.0

0.0

-

0.0

    Other Expense

-3.6

-7.2

-4.6

-4.1

-4.3

Non-Interest Expense, Bank

-15.0

-18.0

-13.6

-11.4

-13.1

Income Before Tax

21.6

10.3

14.1

15.1

15.8

 

 

 

 

 

 

Total Income Tax

13.6

4.8

5.8

7.8

7.4

Income After Tax

8.0

5.4

8.3

7.3

8.4

 

 

 

 

 

 

Net Income Before Extraord Items

8.0

5.4

8.3

7.3

8.4

Net Income

8.0

5.4

8.3

7.3

8.4

 

 

 

 

 

 

Income Available to Common Excl Extraord Items

8.0

5.4

8.3

7.3

8.4

 

 

 

 

 

 

Income Available to Common Incl Extraord Items

8.0

5.4

8.3

7.3

8.4

 

 

 

 

 

 

Basic/Primary Weighted Average Shares

200.0

200.0

200.0

200.0

200.0

Basic EPS Excl Extraord Items

0.04

0.03

0.04

0.04

0.04

Basic/Primary EPS Incl Extraord Items

0.04

0.03

0.04

0.04

0.04

Diluted Net Income

8.0

5.4

8.3

7.3

8.4

Diluted Weighted Average Shares

200.0

200.0

200.0

200.0

200.0

Diluted EPS Excl Extraord Items

0.04

0.03

0.04

0.04

0.04

Diluted EPS Incl Extraord Items

0.04

0.03

0.04

0.04

0.04

Dividends per Share - Common Stock Primary Issue

0.05

0.00

0.00

0.00

0.04

Gross Dividends - Common Stock

4.0

0.0

0.0

0.0

3.3

Depreciation, Supplemental

2.8

2.8

2.7

2.2

1.9

Total Special Items

0.0

0.0

0.0

-

0.0

Normalized Income Before Tax

21.6

10.3

14.1

15.1

15.8

 

 

 

 

 

 

Effect of Special Items on Income Taxes

0.0

0.0

0.0

-

0.0

Inc Tax Ex Impact of Sp Items

13.6

4.8

5.8

7.8

7.4

Normalized Income After Tax

8.0

5.4

8.3

7.3

8.4

 

 

 

 

 

 

Normalized Inc. Avail to Com.

8.0

5.4

8.3

7.3

8.4

 

 

 

 

 

 

Basic Normalized EPS

0.04

0.03

0.04

0.04

0.04

Diluted Normalized EPS

0.04

0.03

0.04

0.04

0.04

Rental Expenses

2.1

2.1

1.8

1.6

1.8

Bank Total Revenue

52.9

47.7

46.2

43.5

42.6

    Current Tax - Domestic

-

2.7

-

-

6.2

Current Tax - Total

-

2.7

-

-

6.2

    Deferred Tax - Domestic

-

2.2

-

-

1.2

Deferred Tax - Total

-

2.2

-

-

1.2

Income Tax - Total

-

4.8

-

-

7.4

 

Annual Balance Sheet Standardized

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

UpdateType/Date

Updated Normal
31-Dec-2011

Updated Normal
31-Dec-2010

Restated Normal
31-Dec-2010

Restated Normal
31-Dec-2009

Updated Normal
31-Dec-2007

Filed Currency

BDT

BDT

BDT

BDT

BDT

Exchange Rate

81.83

70.475

69.26

68.91

69.555

Auditor

A. Qasem & Co.

A. Qasem & Co.

Hoda Vasi Chowdhury & Co

Hoda Vasi Chowdhury & Co

Hoda Vasi Chowdhury & Co

Auditor Opinion

Unqualified

Unqualified

Unqualified with Explanation

Unqualified with Explanation

Unqualified with Explanation

 

 

 

 

 

 

Cash & Due from Banks

189.4

180.4

243.5

102.0

130.1

    Fed Funds Sold/Securities Purch Under Resale Agrmnt

69.7

19.9

11.8

36.3

29.5

    Other Short Term Investments

256.6

276.9

202.1

133.2

137.5

Other Earning Assets, Total

326.2

296.8

213.9

169.5

167.0

Net Loans

850.1

839.2

636.0

539.2

355.3

        Buildings

4.9

5.6

3.2

1.8

1.7

        Land/Improvements

9.1

10.6

4.6

4.6

4.4

        Machinery/Equipment

53.7

39.7

27.2

19.3

14.2

        Other Property/Plant/Equipment

5.6

5.3

5.1

4.0

3.5

    Property/Plant/Equipment - Gross

73.3

61.3

40.1

29.8

23.8

    Accumulated Depreciation

-24.7

-19.7

-14.5

-10.3

-7.3

Property/Plant/Equipment - Net

48.7

41.6

25.6

19.4

16.5

    Interest Receivable

0.0

0.0

0.7

9.9

14.9

    Other Assets

92.0

77.7

61.1

39.6

26.1

Other Assets, Total

92.0

77.7

61.8

49.5

41.0

Total Assets

1,506.4

1,435.7

1,180.9

879.7

709.8

 

 

 

 

 

 

Accounts Payable

13.6

17.9

14.4

12.1

12.3

Accrued Expenses

1.3

1.3

1.0

18.2

17.5

    Interest Bearing Deposits

986.0

952.5

799.1

619.4

497.0

    Other Deposits

231.2

210.8

165.3

117.0

96.1

Total Deposits

1,217.2

1,163.3

964.4

736.4

593.1

    Income Taxes Payable

89.2

71.2

52.5

33.5

19.5

Other Current liabilities, Total

89.2

71.2

52.5

33.5

19.5

    Long Term Debt

38.9

46.6

58.1

29.3

29.7

Total Long Term Debt

38.9

46.6

58.1

29.3

29.7

Total Debt

38.9

46.6

58.1

29.3

29.7

 

 

 

 

 

 

    Other Liabilities

37.0

36.2

27.7

4.4

4.1

Other Liabilities, Total

37.0

36.2

27.7

4.4

4.1

Total Liabilities

1,397.1

1,336.4

1,118.1

833.8

676.3

 

 

 

 

 

 

    Common Stock

28.2

31.7

28.9

21.8

14.4

Common Stock

28.2

31.7

28.9

21.8

14.4

Additional Paid-In Capital

0.1

0.2

0.2

0.2

0.2

Retained Earnings (Accumulated Deficit)

69.2

54.2

29.5

20.4

15.5

Unrealized Gain (Loss)

11.7

13.3

4.3

3.6

3.5

    Other Equity

-

-

-

-

0.0

Other Equity, Total

-

-

-

-

0.0

Total Equity

109.2

99.3

62.8

45.9

33.6

 

 

 

 

 

 

Total Liabilities & Shareholders’ Equity

1,506.4

1,435.7

1,180.9

879.7

709.8

 

 

 

 

 

 

    Shares Outstanding - Common Stock Primary Issue

200.0

200.0

200.0

200.0

200.0

Total Common Shares Outstanding

200.0

200.0

200.0

200.0

200.0

Employees

4,015

2,794

1,785

1,229

789

Number of Common Shareholders

7,457

8,409

7,508

4,010

1,387

Tier 1 Capital %

8.02%

6.39%

7.95%

6.91%

7.23%

Total Capital %

11.23%

9.64%

11.59%

10.89%

11.76%

Total Long Term Debt, Supplemental

38.9

40.9

58.1

29.3

22.5

Long Term Debt Maturing within 1 Year

9.0

2.9

23.8

2.7

3.3

Long Term Debt Maturing in Year 2

5.0

5.5

6.2

2.7

2.8

Long Term Debt Maturing in Year 3

5.0

5.5

6.2

2.7

2.8

Long Term Debt Maturing in Year 4

5.0

5.5

6.2

2.7

2.8

Long Term Debt Maturing in Year 5

5.0

5.5

6.2

2.7

2.8

Long Term Debt Maturing in 2-3 Years

9.9

11.1

12.4

5.5

5.7

Long Term Debt Maturing in 4-5 Years

9.9

11.1

12.4

5.5

5.7

Long Term Debt Matur. in Year 6 & Beyond

10.1

15.9

9.4

15.6

7.8

Interim Balance Sheet Standardized

 

 

31-Dec-2011

30-Sep-2011

31-Mar-2011

31-Dec-2010

30-Sep-2010

UpdateType/Date

Updated Normal
31-Dec-2011

Updated Normal
30-Sep-2011

Updated Normal
31-Mar-2011

Restated Normal
31-Dec-2011

Updated Normal
30-Sep-2010

Filed Currency

BDT

BDT

BDT

BDT

BDT

Exchange Rate

81.83

75.225

72.525

70.475

69.425

 

 

 

 

 

 

Cash & Due from Banks

189.4

262.5

151.0

180.4

156.0

    Fed Funds Sold/Securities Purch Under Resale Agrmnt

69.7

20.6

10.3

19.9

25.4

    Other Short Term Investments

256.6

225.3

258.2

276.9

237.2

Other Earning Assets, Total

326.2

245.9

268.5

296.8

262.6

Net Loans

850.1

914.2

869.9

839.2

826.5

Property/Plant/Equipment - Net

48.7

51.2

49.2

41.6

31.1

    Interest Receivable

0.0

0.0

0.0

0.0

0.1

    Other Assets

92.0

97.9

77.9

77.7

70.8

Other Assets, Total

92.0

97.9

77.9

77.7

70.9

Total Assets

1,506.4

1,571.8

1,416.5

1,435.7

1,347.1

 

 

 

 

 

 

Accounts Payable

13.6

15.3

12.5

17.9

14.4

    Interest Bearing Deposits

986.0

1,046.5

928.7

952.5

887.0

    Other Deposits

231.2

229.9

214.3

210.8

202.3

Total Deposits

1,217.2

1,276.4

1,143.0

1,163.3

1,089.3

    Long Term Debt

38.9

39.6

39.6

46.6

58.3

Total Long Term Debt

38.9

39.6

39.6

46.6

58.3

Total Debt

38.9

39.6

39.6

46.6

58.3

 

 

 

 

 

 

    Other Liabilities

127.5

130.0

121.2

108.6

101.9

Other Liabilities, Total

127.5

130.0

121.2

108.6

101.9

Total Liabilities

1,397.1

1,461.3

1,316.2

1,336.4

1,263.9

 

 

 

 

 

 

    Common Stock

28.2

26.6

27.6

31.7

28.8

Common Stock

28.2

26.6

27.6

31.7

28.8

Additional Paid-In Capital

0.1

0.1

0.2

0.2

0.2

Retained Earnings (Accumulated Deficit)

69.2

71.5

59.9

54.2

50.0

Unrealized Gain (Loss)

11.7

12.2

12.7

13.3

4.3

Total Equity

109.2

110.4

100.3

99.3

83.2

 

 

 

 

 

 

Total Liabilities & Shareholders’ Equity

1,506.4

1,571.8

1,416.5

1,435.7

1,347.1

 

 

 

 

 

 

    Shares Outstanding - Common Stock Primary Issue

200.0

200.0

200.0

200.0

200.0

Total Common Shares Outstanding

200.0

200.0

200.0

200.0

200.0

 

Annual Cash Flows Standardized

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2011

Updated Normal
31-Dec-2010

Reclassified Normal
31-Dec-2010

Updated Normal
31-Dec-2008

Updated Normal
31-Dec-2007

Filed Currency

BDT

BDT

BDT

BDT

BDT

Exchange Rate (Period Average)

74.041708

69.60265

69.026932

68.582616

68.868552

Auditor

A. Qasem & Co.

A. Qasem & Co.

Hoda Vasi Chowdhury & Co

Hoda Vasi Chowdhury & Co

Hoda Vasi Chowdhury & Co

Auditor Opinion

Unqualified

Unqualified

Unqualified with Explanation

Unqualified with Explanation

Unqualified with Explanation

 

 

 

 

 

 

Cash Receipts

139.5

120.7

-15.2

-10.1

-7.8

Cash Payments

-39.7

-29.3

-3.6

-3.0

-1.9

Cash Taxes Paid

-23.0

-20.2

-9.6

-14.1

-5.4

Cash Interest Paid

-59.7

-52.3

-60.7

-56.1

-53.6

    Other Operating Cash Flow

100.0

-49.8

213.9

59.6

109.6

Changes in Working Capital

100.0

-49.8

213.9

59.6

109.6

Cash from Operating Activities

117.0

-30.9

124.7

-23.7

41.0

 

 

 

 

 

 

    Purchase of Fixed Assets

-23.2

-14.3

-10.8

-6.1

-7.6

Capital Expenditures

-23.2

-14.3

-10.8

-6.1

-7.6

    Sale of Fixed Assets

0.4

0.1

0.1

0.2

0.1

    Sale/Maturity of Investment

0.0

0.0

0.0

0.0

0.0

    Purchase of Investments

8.7

-7.8

0.0

0.0

0.0

Other Investing Cash Flow Items, Total

9.0

-7.7

0.1

0.2

0.1

Cash from Investing Activities

-14.2

-21.9

-10.7

-5.9

-7.5

 

 

 

 

 

 

    Cash Dividends Paid - Common

-3.1

0.0

0.0

0.0

-0.7

Total Cash Dividends Paid

-3.1

0.0

0.0

0.0

-0.7

        Sale/Issuance of Common

0.0

0.0

1.3

7.1

7.2

    Common Stock, Net

0.0

0.0

1.3

7.1

7.2

Issuance (Retirement) of Stock, Net

0.0

0.0

1.3

7.1

7.2

Cash from Financing Activities

-3.1

0.0

1.3

7.1

6.4

 

 

 

 

 

 

Net Change in Cash

99.7

-52.8

115.3

-22.5

39.9

 

 

 

 

 

 

Net Cash - Beginning Balance

189.3

254.2

141.0

164.4

123.8

Net Cash - Ending Balance

289.1

201.4

256.3

141.9

163.7

Depreciation

8.7

5.6

4.4

3.2

2.2

 

 

Interim Cash Flows Standardized

 

 

31-Dec-2011

30-Sep-2011

31-Mar-2011

31-Dec-2010

30-Sep-2010

Period Length

12 Months

9 Months

3 Months

12 Months

9 Months

UpdateType/Date

Updated Normal
31-Dec-2011

Updated Normal
30-Sep-2011

Updated Normal
31-Mar-2011

Updated Normal
31-Dec-2010

Updated Normal
30-Sep-2010

Filed Currency

BDT

BDT

BDT

BDT

BDT

Exchange Rate (Period Average)

74.041708

73.031727

71.32044

69.60265

69.331145

 

 

 

 

 

 

Cash Receipts

139.5

103.3

33.4

120.7

94.4

Cash Payments

-39.7

-27.0

-7.8

-29.3

-26.7

Cash Taxes Paid

-23.0

-15.1

-3.8

-20.2

-15.8

Cash Interest Paid

-59.7

-37.8

-8.4

-52.3

-36.3

    Other Operating Cash Flow

100.0

91.6

-40.6

-49.8

-73.6

Changes in Working Capital

100.0

91.6

-40.6

-49.8

-73.6

Cash from Operating Activities

117.0

115.0

-27.1

-30.9

-58.0

 

 

 

 

 

 

    Purchase of Fixed Assets

-23.2

-18.9

-10.8

-14.3

-9.5

Capital Expenditures

-23.2

-18.9

-10.8

-14.3

-9.5

    Sale of Fixed Assets

0.4

0.1

0.0

0.1

0.0

    Sale/Maturity of Investment

0.0

0.0

0.0

0.0

0.0

    Investment, Net

8.7

6.7

5.4

-7.8

-15.1

Other Investing Cash Flow Items, Total

9.0

6.8

5.4

-7.7

-15.1

Cash from Investing Activities

-14.2

-12.2

-5.3

-21.9

-24.6

 

 

 

 

 

 

    Cash Dividends Paid - Common

-3.1

-3.2

0.0

0.0

0.0

Total Cash Dividends Paid

-3.1

-3.2

0.0

0.0

0.0

        Sale/Issuance of Common

0.0

0.0

0.0

0.0

0.0

    Common Stock, Net

0.0

0.0

0.0

0.0

0.0

Issuance (Retirement) of Stock, Net

0.0

0.0

0.0

0.0

0.0

Cash from Financing Activities

-3.1

-3.2

0.0

0.0

0.0

 

 

 

 

 

 

Net Change in Cash

99.7

99.7

-32.5

-52.8

-82.7

 

 

 

 

 

 

Net Cash - Beginning Balance

189.3

191.9

196.6

254.2

255.2

Net Cash - Ending Balance

289.1

291.6

164.1

201.4

172.5

 

 

Annual Income Statement As Reported

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2011

Updated Normal
31-Dec-2010

Reclassified Normal
31-Dec-2010

Reclassified Normal
31-Dec-2009

Reclassified Normal
31-Dec-2008

Filed Currency

BDT

BDT

BDT

BDT

BDT

Exchange Rate (Period Average)

74.041708

69.60265

69.026932

68.582616

68.868552

Auditor

A. Qasem & Co.

A. Qasem & Co.

Hoda Vasi Chowdhury & Co

Hoda Vasi Chowdhury & Co

Hoda Vasi Chowdhury & Co

Auditor Opinion

Unqualified

Unqualified

Unqualified with Explanation

Unqualified with Explanation

Unqualified with Explanation

 

 

 

 

 

 

    Interest on Loans & Advances

124.6

95.9

79.8

75.4

63.2

    Interest on Balances with Other banks &

10.2

7.2

9.5

4.1

7.7

    Interst Income - Off Shore Banking Unit

0.1

0.0

0.0

-

-

Total Revenue

134.8

103.1

89.3

79.5

70.9

 

 

 

 

 

 

    Interest paid on Deposits & Borrowings &

67.9

49.5

59.3

53.0

53.6

    Specific Provisions

2.0

0.6

4.0

-0.7

3.6

    General Provisions

2.2

3.2

1.5

-0.1

-1.4

    Release from General Provision for loans

-1.1

2.9

0.6

1.8

1.4

    Provision for Other Classified Assets

0.0

0.0

0.0

0.0

0.0

Total Operating Expense

71.0

56.2

65.5

54.0

57.2

 

 

 

 

 

 

    Dividend on Shares

0.0

0.1

0.0

0.0

0.0

    Interest on Debenture

-

-

0.0

0.0

0.0

    Interest on Treasury Bills

15.8

15.4

12.6

9.0

8.4

    Gain on Sale of Shares

0.0

2.9

6.7

0.0

0.7

    Commision,Exchange & Brokerage

22.7

16.4

12.5

12.4

10.3

    Other Operating Income

17.2

14.5

8.1

5.0

2.1

    Income from Sale of Fixed Assets

0.1

0.0

0.0

0.0

0.0

    Salary & Allowances

-28.1

-21.2

-14.3

-10.3

-7.9

    Rent, Rates & Taxes,Insurance,Electricit

-7.7

-5.4

-3.2

-2.7

-2.3

    Legal Expenses

0.0

0.0

0.0

0.0

0.0

    Postage,Stamp,Telecommunication,Etc

-1.6

-1.3

-1.1

-0.4

-0.4

    Printing,Stationery & Advertisement

-2.5

-1.8

-1.8

-1.1

-0.9

    Managing Director's Salary & Allowances

-0.1

-0.2

-0.1

-0.1

-0.1

    Directors Fees

0.0

0.0

0.0

0.0

0.0

    Audit Fess

0.0

0.0

0.0

0.0

0.0

    Charges on Loan Losses

-2.0

0.0

0.0

-2.8

-1.6

    Depreciation & Repair of banks Assets

-10.4

-6.9

-5.6

-4.1

-3.0

    Other Expenses

-4.7

-4.7

-3.8

-2.8

-3.2

    Debit/Credit Charges

-1.1

-1.0

-0.7

-0.5

-0.3

    Contribution to Dutch-Bangla bank Founda

-

0.0

-1.6

-1.4

-0.8

    Extra Ordinary Gain

0.0

0.0

0.0

-

-

Total Non-Interest Revenue

55.8

49.3

39.9

26.6

21.6

 

 

 

 

 

 

Total Non-Interest Expense

-58.2

-42.5

-32.4

-26.2

-20.4

 

 

 

 

 

 

Net Income Before Taxes

61.4

53.7

31.2

25.9

14.8

 

 

 

 

 

 

Provision for Income Taxes

32.3

25.0

14.7

13.9

7.9

Net Income After Taxes

29.1

28.8

16.5

12.0

7.0

 

 

 

 

 

 

Net Income Before Extra. Items

29.1

28.8

16.5

12.0

7.0

Net Income

29.1

28.8

16.5

12.0

7.0

 

 

 

 

 

 

Income Available to Com Excl ExtraOrd

29.1

28.8

16.5

12.0

7.0

 

 

 

 

 

 

Income Available to Com Incl ExtraOrd

29.1

28.8

16.5

12.0

7.0

 

 

 

 

 

 

Basic Weighted Average Shares

200.0

200.0

200.0

200.0

200.0

Basic EPS Excluding ExtraOrdinary Items

0.15

0.14

0.08

0.06

0.03

Basic EPS Including ExtraOrdinary Items

0.15

0.14

0.08

0.06

0.03

Diluted Net Income

29.1

28.8

16.5

12.0

7.0

Diluted Weighted Average Shares

200.0

200.0

200.0

200.0

200.0

Diluted EPS Excluding ExtraOrd Items

0.15

0.14

0.08

0.06

0.03

Diluted EPS Including ExtraOrd Items

0.15

0.14

0.08

0.06

0.03

DPS-Common Shares

0.05

0.04

0.00

0.00

0.00

Gross Dividends - Common Stock

4.2

3.3

0.0

0.0

0.0

Normalized Income Before Taxes

61.4

53.6

31.2

25.9

14.8

 

 

 

 

 

 

Inc Tax Ex Impact of Sp Items

32.3

24.9

14.7

13.9

7.9

Normalized Income After Taxes

29.1

28.7

16.5

12.0

7.0

 

 

 

 

 

 

Normalized Inc. Avail to Com.

29.1

28.7

16.5

12.0

7.0

 

 

 

 

 

 

Basic Normalized EPS

0.15

0.14

0.08

0.06

0.03

Diluted Normalized EPS

0.15

0.14

0.08

0.06

0.03

Advertising Expense, Supplemental

2.5

1.8

1.8

1.1

0.9

Depreciation, Supplemental

8.7

5.6

4.4

3.2

2.2

Rental Expense, Supplemental

5.0

3.4

1.7

1.7

1.5

    Current Tax

30.8

24.6

16.5

13.3

11.0

Current Tax - Total

30.8

24.6

16.5

13.3

11.0

    Deferred Tax

1.5

0.4

-1.8

0.6

-3.1

Deferred Tax - Total

1.5

0.4

-1.8

0.6

-3.1

Income Tax - Total

32.3

25.0

14.7

13.9

7.9

 

 

Interim Income Statement As Reported

 

 

31-Dec-2011

30-Sep-2011

30-Jun-2011

31-Mar-2011

31-Dec-2010

Period Length

3 Months

3 Months

3 Months

3 Months

3 Months

UpdateType/Date

Updated Normal
31-Dec-2011

Updated Normal
30-Sep-2011

Updated Calculated
30-Sep-2011

Updated Normal
31-Mar-2011

Reclassified Normal
31-Dec-2011

Filed Currency

BDT

BDT

BDT

BDT

BDT

Exchange Rate (Period Average)

77.002581

74.501559

73.267903

71.32044

70.399892

 

 

 

 

 

 

    Interest on Loans & Advances

36.7

36.4

32.0

29.5

28.6

Total Revenue

36.7

36.4

32.0

29.5

28.6

 

 

 

 

 

 

    Interest paid on Deposits & Borrowings &

18.2

18.5

16.4

14.6

13.9

    Specific Provisions

-1.9

-0.2

2.3

2.0

-1.5

    General Provisions

0.7

0.6

0.5

0.3

0.3

    Release from General Provision for loans

-0.7

0.5

-0.9

0.0

1.0

    Provision for Other Classified Assets

0.0

-

0.0

-

0.0

Total Operating Expense

16.2

19.4

18.4

16.9

13.7

 

 

 

 

 

 

    Investment income

3.7

3.3

3.7

5.1

4.7

    Commision,Exchange & Brokerage

6.7

4.8

5.5

5.6

4.8

    Other Operating Income

5.8

3.2

5.0

3.3

4.5

    Salary & Allowances

-8.6

-8.0

-6.3

-5.1

-6.8

    Rent, Rates & Taxes,Insurance,Electricit

-2.1

-2.1

-1.8

-1.6

-1.8

    Legal Expenses

0.0

0.0

0.0

0.0

0.0

    Postage,Stamp,Telecommunication,Etc

-0.4

-0.4

-0.4

-0.3

-0.4

    Printing,Stationery & Advertisement

-0.1

-1.0

-0.9

-0.6

-0.4

    Managing Director's Salary & Allowances

0.0

0.0

0.0

0.0

0.0

    Directors Fees

0.0

0.0

0.0

0.0

0.0

    Audit Fess

0.0

0.0

0.0

0.0

0.0

    Charges on Loan Losses

0.0

-2.0

0.0

0.0

0.0

    Depreciation & Repair of banks Assets

-2.8

-2.8

-2.7

-2.2

-1.9

    Other Expenses

-1.0

-1.8

-1.5

-1.5

-1.6

    Extra Ordinary Gain

0.0

0.0

0.0

-

0.0

Total Non-Interest Revenue

16.2

11.3

14.2

14.0

14.0

 

 

 

 

 

 

Total Non-Interest Expense

-15.0

-18.0

-13.6

-11.4

-13.1

 

 

 

 

 

 

Net Income Before Taxes

21.6

10.3

14.1

15.1

15.8

 

 

 

 

 

 

Provision for Income Taxes

13.6

4.8

5.8

7.8

7.4

Net Income After Taxes

8.0

5.4

8.3

7.3

8.4

 

 

 

 

 

 

Net Income Before Extra. Items

8.0

5.4

8.3

7.3

8.4

Net Income

8.0

5.4

8.3

7.3

8.4

 

 

 

 

 

 

Income Available to Com Excl ExtraOrd

8.0

5.4

8.3

7.3

8.4

 

 

 

 

 

 

Income Available to Com Incl ExtraOrd

8.0

5.4

8.3

7.3

8.4

 

 

 

 

 

 

Basic Weighted Average Shares

200.0

200.0

200.0

200.0

200.0

Basic EPS Excluding ExtraOrdinary Items

0.04

0.03

0.04

0.04

0.04

Basic EPS Including ExtraOrdinary Items

0.04

0.03

0.04

0.04

0.04

Diluted Net Income

8.0

5.4

8.3

7.3

8.4

Diluted Weighted Average Shares

200.0

200.0

200.0

200.0

200.0

Diluted EPS Excluding ExtraOrd Items

0.04

0.03

0.04

0.04

0.04

Diluted EPS Including ExtraOrd Items

0.04

0.03

0.04

0.04

0.04

DPS-Common Shares

0.05

0.00

0.00

0.00

0.04

Gross Dividends - Common Stock

4.0

0.0

0.0

0.0

3.3

Normalized Income Before Taxes

21.6

10.3

14.1

15.1

15.8

 

 

 

 

 

 

Inc Tax Ex Impact of Sp Items

13.6

4.8

5.8

7.8

7.4

Normalized Income After Taxes

8.0

5.4

8.3

7.3

8.4

 

 

 

 

 

 

Normalized Inc. Avail to Com.

8.0

5.4

8.3

7.3

8.4

 

 

 

 

 

 

Basic Normalized EPS

0.04

0.03

0.04

0.04

0.04

Diluted Normalized EPS

0.04

0.03

0.04

0.04

0.04

Depreciation, Supplemental

2.8

2.8

2.7

2.2

1.9

Rental Expense, Supplemental

2.1

2.1

1.8

1.6

1.8

    Current tax

-

2.7

-

-

6.2

Current Tax - Total

-

2.7

-

-

6.2

    Deferred tax

-

2.2

-

-

1.2

Deferred Tax - Total

-

2.2

-

-

1.2

Income Tax - Total

-

4.8

-

-

7.4

 

 

Annual Balance Sheet As Reported

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

UpdateType/Date

Updated Normal
31-Dec-2011

Updated Normal
31-Dec-2010

Restated Normal
31-Dec-2010

Restated Normal
31-Dec-2009

Updated Normal
31-Dec-2007

Filed Currency

BDT

BDT

BDT

BDT

BDT

Exchange Rate

81.83

70.475

69.26

68.91

69.555

Auditor

A. Qasem & Co.

A. Qasem & Co.

Hoda Vasi Chowdhury & Co

Hoda Vasi Chowdhury & Co

Hoda Vasi Chowdhury & Co

Auditor Opinion

Unqualified

Unqualified

Unqualified with Explanation

Unqualified with Explanation

Unqualified with Explanation

 

 

 

 

 

 

    Cash in Hand

43.2

53.5

28.0

18.1

14.2

    Balances with Bangladesh Bank & Its Agen

86.8

88.7

68.1

56.3

46.1

    Other Banks & Financial Instituions-In B

55.3

31.3

143.5

25.5

66.1

    Other Banks & Financial Instituions-Outs

4.2

7.0

3.9

2.1

3.6

    Money at Call & Short Notice

69.7

19.9

11.8

36.3

29.5

    Investment-Government

118.9

138.2

139.6

77.0

84.6

    Investment-Others

14.3

17.9

0.2

0.3

0.3

    Loans,Cash Credits,Overdraft,Etc

850.1

839.2

636.0

539.2

355.3

    Bills Purchase & Discounted

123.4

120.8

62.3

56.0

52.6

    Lease Receivables

0.0

0.0

0.7

9.9

14.9

    Land

9.1

10.6

4.6

4.6

4.4

    Building

4.9

5.6

3.2

1.8

1.7

    Interior Decoration

5.6

5.3

5.1

4.0

3.5

    Furniture & Fixtures

1.9

1.9

1.7

1.5

1.2

    Machinery & Equipment

6.8

5.9

4.6

3.3

2.4

    Computer & Accessories

35.8

24.2

15.7

11.0

8.1

    Motor Vehicles

3.6

3.2

2.0

1.9

1.5

    ATM Booth

5.5

4.5

3.2

1.7

1.1

    Books

0.0

0.0

0.0

0.0

0.0

    Accumulated Depreciation

-24.7

-19.7

-14.5

-10.3

-7.3

    Other Assets

92.0

77.7

61.1

39.6

26.1

Total Assets

1,506.4

1,435.7

1,180.9

879.7

709.8

 

 

 

 

 

 

    Current Deposits & Other Accounts,Etc

231.2

210.8

165.3

117.0

96.1

    Savings Bank Deposits

458.3

440.3

322.6

177.2

110.8

    Term Deposits

527.7

512.2

476.5

442.2

386.2

    Bills Payable

13.6

17.9

14.4

12.1

12.3

    Provisions

1.3

1.3

1.0

18.2

17.5

    Provision for Tax

89.2

71.2

52.5

33.5

19.5

    Others

37.0

36.2

27.7

4.4

4.1

    Long-term Liability-DBBL Industrial Bond

-

-

-

-

7.2

    Subordiante Debt

16.5

20.1

21.9

20.7

13.5

    Borrowings

22.4

26.5

36.3

8.6

9.1

Total Long Term Debt

38.9

46.6

58.1

29.3

29.7

 

 

 

 

 

 

Total Liabilities

1,397.1

1,336.4

1,118.1

833.8

676.3

 

 

 

 

 

 

    Share Capital

24.4

28.4

21.7

14.5

2.9

    Share Premium

0.1

0.2

0.2

0.2

0.2

    Statutory Reserves

44.7

39.0

28.9

17.4

12.1

    Other Reserve

0.1

0.2

0.1

0.1

-

    Dividend Equalization Accounts

3.1

1.5

0.4

0.4

0.4

    Asset Revaluation Reserve

10.4

12.1

3.5

3.6

3.5

    Revaluation Reserve of HTM Securities

1.3

1.2

0.8

0.0

0.0

    Proposed Bonus Share

3.8

3.3

7.2

7.3

11.5

    Proposed Dividend

-

-

-

-

0.0

    Retained Earnings

21.2

13.6

0.2

2.6

3.0

Total Equity

109.2

99.3

62.8

45.9

33.6

 

 

 

 

 

 

Total Liabilities & Shareholders' Equity

1,506.4

1,435.7

1,180.9

879.7

709.8

 

 

 

 

 

 

    S/O-Common Shares

200.0

200.0

200.0

200.0

200.0

Total Common Shares Outstanding

200.0

200.0

200.0

200.0

200.0

Total Capital %

11.23%

9.64%

11.59%

10.89%

11.76%

Tier Capital %

8.02%

6.39%

7.95%

6.91%

7.23%

Full-Time Employees

4,015

2,794

1,785

1,229

789

Number of Common Shareholders

7,457

8,409

7,508

4,010

1,387

Long Term Debt Maturing within 1 Year

9.0

2.9

23.8

2.7

3.3

Long Term Debt Maturing in Year 5

19.9

22.2

24.9

11.0

11.4

Long Term Debt - Remaining Maturities

10.1

15.9

9.4

15.6

7.8

Total Long Term Debt, Supplemental

38.9

40.9

58.1

29.3

22.5

 

 

Interim Balance Sheet As Reported

 

 

31-Dec-2011

30-Sep-2011

31-Mar-2011

31-Dec-2010

30-Sep-2010

UpdateType/Date

Updated Normal
31-Dec-2011

Updated Normal
30-Sep-2011

Updated Normal
31-Mar-2011

Restated Normal
31-Dec-2011

Updated Normal
30-Sep-2010

Filed Currency

BDT

BDT

BDT

BDT

BDT

Exchange Rate

81.83

75.225

72.525

70.475

69.425

 

 

 

 

 

 

    Cash in Hand

43.2

66.4

61.0

53.5

49.6

    Balances with Bangladesh Bank & Its Agen

86.8

85.6

83.3

88.7

70.5

    Other Banks & Financial Instituions-In B

55.3

113.6

5.5

31.3

40.4

    Other Banks & Financial Instituions-Outs

4.2

-3.2

1.3

7.0

-4.6

    Money at Call & Short Notice

69.7

20.6

10.3

19.9

25.4

    Investment-Government

118.9

129.1

133.9

138.2

139.0

    Investment-Others

14.3

15.4

17.4

17.9

15.3

    Loans,Cash Credits,Overdraft,Etc

850.1

914.2

869.9

839.2

826.5

    Bills Purchase & Discounted

123.4

80.8

106.8

120.8

82.9

    Lease Receivables

0.0

0.0

0.0

0.0

0.1

    Fixed assets including land, building, f

48.7

51.2

49.2

41.6

31.1

    Other Assets

92.0

97.9

77.9

77.7

70.8

Total Assets

1,506.4

1,571.8

1,416.5

1,435.7

1,347.1

 

 

 

 

 

 

    Current Deposits & Other Accounts,Etc

231.2

229.9

214.3

210.8

202.3

    Bills Payable

13.6

15.3

12.5

17.9

14.4

    Savings Bank Deposits

458.3

473.5

439.1

440.3

408.7

    Term Deposits

527.7

573.0

489.6

512.2

478.3

    Others

127.5

130.0

121.2

108.6

101.9

    Subordiante Debt

16.5

18.8

19.5

20.1

20.9

    Borrowings

22.4

20.8

20.0

26.5

37.4

Total Long Term Debt

38.9

39.6

39.6

46.6

58.3

 

 

 

 

 

 

Total Liabilities

1,397.1

1,461.3

1,316.2

1,336.4

1,263.9

 

 

 

 

 

 

    Share Capital

24.4

26.6

27.6

28.4

28.8

    Share Premium

0.1

0.1

0.2

0.2

0.2

    Statutory Reserves

44.7

44.2

40.9

39.0

36.4

    Other Reserve

0.1

0.5

0.2

0.2

0.3

    Dividend Equalization Accounts

3.1

1.4

1.4

1.5

0.4

    Proposed Bonus Share

3.8

0.0

0.0

3.3

0.0

    Asset Revaluation Reserve

10.4

11.3

11.7

12.1

3.5

    Revaluation Reserve of HTM Securities

1.3

0.9

0.9

1.2

0.8

    Retained Earnings

21.2

25.4

17.4

13.6

12.9

Total Equity

109.2

110.4

100.3

99.3

83.2

 

 

 

 

 

 

Total Liabilities & Shareholders' Equity

1,506.4

1,571.8

1,416.5

1,435.7

1,347.1

 

 

 

 

 

 

    S/O-Common Shares

200.0

200.0

200.0

200.0

200.0

Total Common Shares Outstanding

200.0

200.0

200.0

200.0

200.0

 

 

Annual Cash Flows As Reported

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2011

Updated Normal
31-Dec-2010

Reclassified Normal
31-Dec-2010

Updated Normal
31-Dec-2008

Updated Normal
31-Dec-2007

Filed Currency

BDT

BDT

BDT

BDT

BDT

Exchange Rate (Period Average)

74.041708

69.60265

69.026932

68.582616

68.868552

Auditor

A. Qasem & Co.

A. Qasem & Co.

Hoda Vasi Chowdhury & Co

Hoda Vasi Chowdhury & Co

Hoda Vasi Chowdhury & Co

Auditor Opinion

Unqualified

Unqualified

Unqualified with Explanation

Unqualified with Explanation

Unqualified with Explanation

 

 

 

 

 

 

    Cash Receipts

139.5

120.7

-15.2

-10.1

-7.8

    Cash Payments

-39.7

-29.3

-3.6

-3.0

-1.9

    Interest Received in Cash

-

-

100.6

74.3

78.1

    Cash Interest Paid

-59.7

-52.3

-60.7

-56.1

-53.6

    Dividend Received

0.0

0.1

0.0

0.0

0.0

    Gain on Sale of Shares

0.0

2.9

1.6

0.0

-

    Gain on Sale of Securities

0.7

0.1

5.0

0.0

-

    Recoveries of Loan previously Written-Of

0.4

1.5

0.0

0.0

-

    Fees & Commission Received in Cash

6.7

7.0

4.7

4.6

3.8

    Cash Taxes Paid

-23.0

-20.2

-9.6

-14.1

-5.4

    Received from Other Operating Activities

33.2

23.9

15.8

13.5

8.8

    Paid for Other Operating Activities

-15.0

-11.0

-8.1

-6.9

-5.4

    Statutory Deposits

57.8

35.8

45.3

19.8

9.8

    Purchase-Sale of Trading Securities

-5.9

-9.7

-66.1

2.1

-11.5

    Loans & Advances to Customer

-157.2

-278.5

-99.3

-177.7

14.7

    Other Assets

2.3

-2.1

-4.1

18.3

-6.1

    Deposits from Other Banks

-50.7

53.5

1.8

-6.6

-18.1

    Deposits from Customers

220.8

135.6

189.0

127.3

37.8

    Other Liabilities Accounts of Customer

4.0

-10.1

27.8

-7.9

-3.1

    Other Liabilities

2.8

1.4

-0.3

-1.2

0.7

Cash from Operating Activities

117.0

-30.9

124.7

-23.7

41.0

 

 

 

 

 

 

    Payments for Purcahse of Securities

8.7

-7.8

0.0

0.0

0.0

    Proceeds from Sale of Securities

0.0

0.0

0.0

0.0

0.0

    Capital Expenditures

-23.2

-14.3

-10.8

-6.1

-7.6

    Sale Proceeds of Property,Plant & equipm

0.4

0.1

0.1

0.2

0.1

Cash from Investing Activities

-14.2

-21.9

-10.7

-5.9

-7.5

 

 

 

 

 

 

    Received from Issue of Loan Capital & De

0.0

0.0

1.3

7.1

7.2

    Dividend Paid

-3.1

0.0

0.0

0.0

-0.7

Cash from Financing Activities

-3.1

0.0

1.3

7.1

6.4

 

 

 

 

 

 

Net Change in Cash

99.7

-52.8

115.3

-22.5

39.9

 

 

 

 

 

 

    Depreciation

8.7

5.6

4.4

3.2

2.2

Cash Begining of Year

189.3

254.2

141.0

164.4

123.8

Cash Ending of Year

289.1

201.4

256.3

141.9

163.7

 

 

Interim Cash Flows As Reported

 

 

31-Dec-2011

30-Sep-2011

31-Mar-2011

31-Dec-2010

30-Sep-2010

Period Length

12 Months

9 Months

3 Months

12 Months

9 Months

UpdateType/Date

Updated Normal
31-Dec-2011

Updated Normal
30-Sep-2011

Updated Normal
31-Mar-2011

Updated Normal
31-Dec-2010

Updated Normal
30-Sep-2010

Filed Currency

BDT

BDT

BDT

BDT

BDT

Exchange Rate (Period Average)

74.041708

73.031727

71.32044

69.60265

69.331145

 

 

 

 

 

 

    Cash Receipts

139.5

103.3

33.4

120.7

94.4

    Cash Payments

-39.7

-27.0

-7.8

-29.3

-26.7

    Cash Interest Paid

-59.7

-37.8

-8.4

-52.3

-36.3

    Dividend Received

0.0

0.0

0.0

0.1

0.1

    Gain on Sale of Shares

0.0

0.0

0.0

2.9

0.0

    Gain on Sale of Securities

0.7

0.0

0.9

0.1

0.0

    Recoveries of Loan previously Written-Of

0.4

0.0

0.0

1.5

0.0

    Fees & Commission Received in Cash

6.7

5.0

1.7

7.0

4.7

    Cash Taxes Paid

-23.0

-15.1

-3.8

-20.2

-15.8

    Received from Other Operating Activities

33.2

22.2

7.1

23.9

19.7

    Paid for Other Operating Activities

-15.0

-15.1

-4.8

-11.0

-8.3

    Statutory Deposits

57.8

43.5

8.0

35.8

20.0

    Purchase-Sale of Trading Securities

-5.9

-6.3

-6.5

-9.7

0.4

    Loans & Advances to Customer

-157.2

-95.3

-42.2

-278.5

-208.5

    Other Assets

2.3

-0.7

4.0

-2.1

-12.8

    Deposits from Other Banks

-50.7

-51.2

-51.1

53.5

29.0

    Deposits from Customers

220.8

188.0

45.1

135.6

79.5

    Other Liabilities Accounts of Customer

4.0

-1.9

-9.1

-10.1

1.2

    Other Liabilities

2.8

3.2

6.1

1.4

1.3

    Adjustment

-

-

0.0

-

-

Cash from Operating Activities

117.0

115.0

-27.1

-30.9

-58.0

 

 

 

 

 

 

    Payments for Purcahse of Securities

8.7

6.7

5.4

-7.8

-15.1

    Proceeds from Sale of Securities

0.0

0.0

0.0

0.0

0.0

    Sale proceeds of property, plant and equ

0.4

0.1

0.0

0.1

0.0

    Capital Expenditures

-23.2

-18.9

-10.8

-14.3

-9.5

Cash from Investing Activities

-14.2

-12.2

-5.3

-21.9

-24.6

 

 

 

 

 

 

    Received from Issue of Loan Capital & De

0.0

0.0

0.0

0.0

0.0

    Dividend Paid

-3.1

-3.2

0.0

0.0

0.0

Cash from Financing Activities

-3.1

-3.2

0.0

0.0

0.0

 

 

 

 

 

 

Net Change in Cash

99.7

99.7

-32.5

-52.8

-82.7

 

 

 

 

 

 

Cash Begining of Year

189.3

191.9

196.6

254.2

255.2

Cash Ending of Year

289.1

291.6

164.1

201.4

172.5

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.28

UK Pound

1

Rs.88.25

Euro

1

Rs.70.81

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.