MIRA INFORM REPORT
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Report Date : |
19.08.2013 |
IDENTIFICATION DETAILS
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Name : |
JAMUNA BANK LTD |
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Registered Office : |
Chini Shipla Bhavan (2nd 3rd & 8th Floor), 3, Dilkusha
C/A, Dhaka, 1000 |
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Country : |
Bangladesh |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
02.04.2001 |
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Legal Form : |
Public Independent |
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Line of Business : |
Subject offers the personal banking services, such as current
deposit account, savings deposit account, short term deposit account and
fixed deposit account |
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No. of Employees : |
943 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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Bangladesh |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
bangladesh ECONOMIC OVERVIEW
In real terms Bangladesh's economy
has grown 5.8% per year since 1996 despite political instability, poor
infrastructure, corruption, insufficient power supplies, and slow
implementation of economic reforms. Bangladesh remains a poor, overpopulated,
and inefficiently-governed nation. Although more than half of GDP is generated
through the service sector, 45% of Bangladeshis are employed in the agriculture
sector with rice as the single-most-important product. Bangladesh's growth was
resilient during the 2008-09 global financial crisis and recession. Garment
exports, totaling $12.3 billion in FY09 and remittances from overseas
Bangladeshis, totaling $11 billion in FY10, accounted for almost 12% of GDP.
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Source : CIA |
company name & address
Jamuna Bank Ltd
Chini Shipla Bhavan (2nd
3rd & 8th Floor), 3, Dilkusha C/A
Dhaka, 1000
Bangladesh
Tel: 880-2-9570912
Fax: 880-29-565762
Web: www.jamunabankbd.com
registration detail
Employees: 943
Company Type: Public
Independent
Traded:
Dhaka Stock Exchange: JAMUNABANK
Incorporation Date: 02-Apr-2001
Auditor: ACNABIN
Financials in: USD
(Millions)
Fiscal Year End: 31-Dec-2011
Reporting Currency: Bangladesh
Taka
Annual Sales: 66.4
1
Net Income: 18.3
Total Assets: 1,065.2 2
Market Value: 95.1 (25-Jul-2013)
Business Description
Jamuna Bank Limited (JBL) is a Bangladesh-based company. JBL offers the personal banking services, such as current deposit account, savings deposit account, short term deposit account and fixed deposit account. It offers a range of advisory, financing and operational services to its corporate client groups combining trade, treasury, investment and transactional banking activities in one package. JBL also provides loans for agro industries at a concession. JBL offers personal loan for women, which can be availed for the purchase of household appliances, house renovation and others. JBL’s subsidiaries include Jamuna Bank Capital Management Limited (Merchant Bank) and Jamuna Bank Securities Limited (Brokerage House). For the fiscal year ended 31 December 2011, Jamuna Bank Ltd interest income increased 63% to BDT8.49B. Net interest income after loan loss provision increased 26% to BDT1.53B. Net income increased 27% to BDT1.35B. Net interest income after loan loss provision reflects increase in interest earning assets and decrease in interest bearing liabilities.
Industry
Industry Banking
ANZSIC 2006: 6230 -
Non-Depository Financing
ISIC Rev 4: 6492 - Other
credit granting
NACE Rev 2: 6492 - Other
credit granting
NAICS 2012: 522291 - Consumer
Lending
UK SIC 2007: 6492 - Other
credit granting
US SIC 1987: 6141 - Personal
Credit Institutions
Key
Executives
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Stock Snapshot
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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
Chini Shipla Bhavan (2nd
3rd & 8th Floor), 3, Dilkusha C/A
Dhaka, 1000
Bangladesh
Tel: 880-2-9570912
Fax: 880-29-565762
Web: www.jamunabankbd.com
Quote Symbol - Exchange
JAMUNABANK - Dhaka
Stock Exchange
Sales BDT(mil): 4,917.4
Assets BDT(mil): 87,167.7
Employees: 943
Fiscal Year End: 31-Dec-2011
Industry: Consumer
Financial Services
Incorporation Date: 02-Apr-2001
Company Type: Public
Independent
Quoted Status: Quoted
Chief Executive
Officer, Managing Director, Director:
Md. Motior Rahman
Industry Codes
ANZSIC 2006 Codes:
6230 - Non-Depository Financing
6221 - Banking
ISIC Rev 4 Codes:
6492 - Other credit granting
6419 - Other monetary intermediation
NACE Rev 2 Codes:
6492 - Other credit granting
6419 - Other monetary intermediation
NAICS 2012 Codes:
522291 - Consumer Lending
522120 - Savings Institutions
522190 - Other Depository Credit Intermediation
US SIC 1987:
6141 - Personal Credit Institutions
6036 - Savings Institutions, Not Federally Chartered
6029 - Commercial Banks, Not Elsewhere Classified
UK SIC 2007:
6492 - Other credit granting
64191 - Banks
Business
Description
Jamuna Bank
Limited (JBL) is a Bangladesh-based company. JBL offers the personal banking
services, such as current deposit account, savings deposit account, short term deposit
account and fixed deposit account. It offers a range of advisory, financing and
operational services to its corporate client groups combining trade, treasury,
investment and transactional banking activities in one package. JBL also
provides loans for agro industries at a concession. JBL offers personal loan
for women, which can be availed for the purchase of household appliances, house
renovation and others. JBL’s subsidiaries include Jamuna Bank Capital
Management Limited (Merchant Bank) and Jamuna Bank Securities Limited
(Brokerage House). For the fiscal year ended 31 December 2011, Jamuna Bank Ltd
interest income increased 63% to BDT8.49B. Net interest income after loan loss
provision increased 26% to BDT1.53B. Net income increased 27% to BDT1.35B. Net
interest income after loan loss provision reflects increase in interest earning
assets and decrease in interest bearing liabilities.
More
Business Descriptions
Provision of banking services, including savings, commercial, retail,
wholesale, private, mortgage, corporate and Islamic banking services
Commercial Banking Services
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Executive report
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Board of
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Chairman of the Board |
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Director & Founder Chairman |
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Director |
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Chief Executive Officer, Managing Director, Director |
Director/Board Member |
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Director |
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Executives |
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Chief Executive Officer, Managing Director, Director |
Chief Executive Officer |
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Executive VP-IT & Communications
Technical Division |
Division Head Executive |
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Executive VP-Anti Money Laundering
Division |
Division Head Executive |
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Deputy Managing Director |
Managing Director |
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Managing Director |
Managing Director |
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Deputy Managing Director |
Managing Director |
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Deputy Managing Director |
Managing Director |
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Deputy Managing Director |
Managing Director |
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Company Secretary |
Company Secretary |
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Executive VP-HR, Public Relations &
Brand Communications |
Human Resources Executive |
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Senior Executive Vice President |
Other |
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Significant Developments
Credit Rating Agency of Bangladesh Limited Announces Rating A1 To Jamuna Bank Ltd Jun 18, 2013
Credit Rating Agency of Bangladesh Limited (CRAB) has announced the Surveillance rating of Jamuna Bank Ltd as A1 in the long term and ST-2 in the short term based on audited financial statements of the Company up to December 31, 2012 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
Jamuna Bank Ltd Appoints Chairman May 06, 2013
Jamuna Bank Ltd announced that the Board of Directors of the Company has elected Mr. Kanutosh Majumder as the Chairman of the Board of Directors of the Company for the next one year.
Jamuna Bank Ltd Recommends Cash Dividend Apr 29, 2013
Jamuna Bank Ltd annouunced that the Board of Directors has recommended cash dividend at 14% (i.e. BDT1.40 per share of BDT10.00 each) for the year ended on December 31, 2012. Record date on May 20, 2013.
Jamuna Bank Ltd Appoints Mr. Shafiqul Alam As Managing Director Jan 31, 2013
Jamuna Bank Ltd announced that Mr. Shafiqul Alam has assumed the office of the Managing Director of the Company with effect from January 29, 2013.
Annual income statement
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
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UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
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Filed Currency |
BDT |
BDT |
BDT |
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Exchange Rate
(Period Average) |
74.041708 |
69.60265 |
69.026932 |
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Auditor |
ACNABIN |
ACNABIN |
ACNABIN |
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Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
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Interest & Dividends on Investment
Securities |
114.6 |
74.8 |
54.9 |
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Interest Income, Bank |
114.6 |
74.8 |
54.9 |
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Interest on Deposit |
90.2 |
53.5 |
41.8 |
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Total Interest Expense |
90.2 |
53.5 |
41.8 |
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Net Interest Income |
24.4 |
21.3 |
13.0 |
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Loan Loss Provision |
3.8 |
3.9 |
4.2 |
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Net Interest Income after Loan Loss Provision |
20.6 |
17.4 |
8.9 |
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Commissions & Fees from Securities
Activities |
38.0 |
27.8 |
27.3 |
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Other Revenue |
4.0 |
4.8 |
2.1 |
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Non-Interest Income, Bank |
42.0 |
32.6 |
29.4 |
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Other Expense |
-28.9 |
-20.4 |
-15.7 |
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Non-Interest Expense, Bank |
-28.9 |
-20.4 |
-15.7 |
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Income Before Tax |
33.7 |
29.5 |
22.5 |
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Total Income Tax |
15.4 |
14.2 |
9.2 |
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Income After Tax |
18.3 |
15.3 |
13.4 |
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Net Income Before Extraord Items |
18.3 |
15.3 |
13.4 |
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Net Income |
18.3 |
15.3 |
13.4 |
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Income Available to Common Excl Extraord Items |
18.3 |
15.3 |
13.4 |
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Income Available to Common Incl Extraord Items |
18.3 |
15.3 |
13.4 |
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Basic/Primary Weighted Average Shares |
364.8 |
364.8 |
364.8 |
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Basic EPS Excl Extraord Items |
0.05 |
0.04 |
0.04 |
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Basic/Primary EPS Incl Extraord Items |
0.05 |
0.04 |
0.04 |
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Diluted Net Income |
18.3 |
15.3 |
13.4 |
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Diluted Weighted Average Shares |
448.8 |
448.8 |
448.8 |
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Diluted EPS Excl Extraord Items |
0.04 |
0.03 |
0.03 |
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Diluted EPS Incl Extraord Items |
0.04 |
0.03 |
0.03 |
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Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.00 |
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Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
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Depreciation, Supplemental |
1.2 |
1.1 |
0.7 |
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Normalized Income Before Tax |
33.7 |
29.5 |
22.5 |
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Inc Tax Ex Impact of Sp Items |
15.4 |
14.2 |
9.2 |
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Normalized Income After Tax |
18.3 |
15.3 |
13.4 |
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Normalized Inc. Avail to Com. |
18.3 |
15.3 |
13.4 |
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Basic Normalized EPS |
0.05 |
0.04 |
0.04 |
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Diluted Normalized EPS |
0.04 |
0.03 |
0.03 |
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Bank Total Revenue |
66.4 |
53.8 |
42.4 |
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Annual Balance Sheet
Financials in: USD (mil)
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
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Filed Currency |
BDT |
BDT |
BDT |
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Exchange Rate |
81.83 |
70.475 |
69.26 |
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Auditor |
ACNABIN |
ACNABIN |
ACNABIN |
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Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
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Cash & Due from Banks |
131.3 |
81.4 |
77.8 |
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Other Short Term Investments |
6.5 |
6.2 |
7.3 |
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Securities Held |
195.6 |
150.5 |
122.7 |
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Total Investment Securities |
195.6 |
150.5 |
122.7 |
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Other Earning Assets, Total |
202.1 |
156.7 |
130.0 |
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Net Loans |
550.8 |
603.3 |
428.0 |
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Property/Plant/Equipment - Net |
27.6 |
25.9 |
9.8 |
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Other Assets |
153.4 |
126.2 |
58.0 |
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Other Assets, Total |
153.4 |
126.2 |
58.0 |
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Total Assets |
1,065.2 |
993.5 |
703.6 |
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Non-Interest Bearing Deposits |
96.3 |
99.5 |
68.1 |
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Interest Bearing Deposits |
753.4 |
750.4 |
536.0 |
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Total Deposits |
849.6 |
849.9 |
604.1 |
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Long Term Debt |
70.3 |
7.1 |
1.8 |
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Total Long Term Debt |
70.3 |
7.1 |
1.8 |
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Total Debt |
70.3 |
7.1 |
1.8 |
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Minority Interest |
0.0 |
0.0 |
- |
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Other Liabilities |
56.1 |
45.5 |
40.2 |
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Other Liabilities, Total |
56.1 |
45.5 |
40.2 |
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Total Liabilities |
976.0 |
902.5 |
646.1 |
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Common Stock |
44.6 |
31.6 |
23.4 |
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Common Stock |
44.6 |
31.6 |
23.4 |
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Retained Earnings (Accumulated Deficit) |
44.7 |
59.3 |
34.1 |
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Total Equity |
89.2 |
90.9 |
57.5 |
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Total Liabilities & Shareholders’ Equity |
1,065.2 |
993.5 |
703.6 |
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Shares Outstanding - Common Stock Primary
Issue |
364.8 |
274.3 |
199.5 |
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Total Common Shares Outstanding |
364.8 |
274.3 |
199.5 |
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Total Risk-Weighted Capital |
- |
0.9 |
0.5 |
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Tier 1 Capital % |
- |
7.26% |
9.80% |
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Total Capital % |
- |
9.49% |
12.83% |
Annual Cash Flows
Financials in: USD (mil)
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
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UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
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Filed Currency |
BDT |
BDT |
BDT |
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Exchange Rate
(Period Average) |
74.041708 |
69.60265 |
69.026932 |
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Auditor |
ACNABIN |
ACNABIN |
ACNABIN |
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Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
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Cash Receipts |
13.6 |
11.2 |
7.5 |
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Cash Payments |
-2.1 |
-1.5 |
-10.8 |
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Cash Taxes Paid |
-11.8 |
-6.3 |
-6.7 |
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Cash Interest Paid |
-90.2 |
-53.5 |
-41.8 |
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Other Assets |
-89.4 |
-267.4 |
-163.7 |
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Other Liabilities |
133.7 |
270.2 |
233.2 |
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Other Operating Cash Flow |
94.0 |
62.7 |
53.6 |
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Changes in Working Capital |
138.2 |
65.5 |
123.0 |
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Cash from Operating Activities |
47.7 |
15.3 |
71.2 |
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Purchase of Fixed Assets |
-3.1 |
-17.2 |
-1.6 |
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Capital Expenditures |
-3.1 |
-17.2 |
-1.6 |
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Sale/Maturity of Investment |
9.1 |
6.4 |
9.7 |
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Investment, Net |
0.3 |
-6.2 |
0.4 |
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Other Investing Cash Flow |
11.4 |
10.2 |
10.0 |
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Other Investing Cash Flow Items, Total |
20.9 |
10.4 |
20.1 |
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Cash from Investing Activities |
17.8 |
-6.8 |
18.5 |
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Sale/Issuance of
Common |
5.8 |
14.2 |
0.0 |
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Common Stock, Net |
5.8 |
14.2 |
0.0 |
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Issuance (Retirement) of Stock, Net |
5.8 |
14.2 |
0.0 |
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Long Term Debt, Net |
70.9 |
5.4 |
-4.0 |
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Issuance (Retirement) of Debt, Net |
70.9 |
5.4 |
-4.0 |
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Cash from Financing Activities |
76.7 |
19.6 |
-4.0 |
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Net Change in Cash |
142.2 |
28.2 |
85.7 |
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Net Cash - Beginning Balance |
220.8 |
206.7 |
122.7 |
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Net Cash - Ending Balance |
362.9 |
234.8 |
208.4 |
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Annual Income Statement
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Financials in: USD (mil) |
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Except for share items (millions) and per
share items (actual units) |
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
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UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
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Filed Currency |
BDT |
BDT |
BDT |
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Exchange Rate
(Period Average) |
74.041708 |
69.60265 |
69.026932 |
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Auditor |
ACNABIN |
ACNABIN |
ACNABIN |
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Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
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Interest Income |
114.6 |
74.8 |
54.9 |
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Total Revenue |
114.6 |
74.8 |
54.9 |
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Interest paid on deposits and borrowings |
90.2 |
53.5 |
41.8 |
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Provision against loans and advances |
3.8 |
3.9 |
4.2 |
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Total Operating Expense |
94.0 |
57.4 |
46.0 |
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Income from Investment. |
24.3 |
16.6 |
19.7 |
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Commission,Exchange and Brokerage |
13.6 |
11.2 |
7.5 |
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Other Operating Income |
4.0 |
4.8 |
2.1 |
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Exchange Equalisation |
0.0 |
0.0 |
0.0 |
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Operating expenses |
-27.8 |
-19.2 |
-14.7 |
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Provision for off balance sheet exposure |
0.2 |
-0.8 |
-0.9 |
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Provision for diminution in nalue of inv |
-1.2 |
-0.2 |
0.0 |
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Provision for other assets |
0.0 |
0.0 |
- |
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Contribution to Jamuna bank foundation |
-0.2 |
-0.1 |
-0.1 |
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Total Non-Interest Revenue |
42.0 |
32.6 |
29.4 |
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Total Non-Interest Expense |
-28.9 |
-20.4 |
-15.7 |
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Net Income Before Taxes |
33.7 |
29.5 |
22.5 |
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|
|
|
Provision for Income Taxes |
15.4 |
14.2 |
9.2 |
|
Net Income After Taxes |
18.3 |
15.3 |
13.4 |
|
|
|
|
|
|
Net Income Before Extra. Items |
18.3 |
15.3 |
13.4 |
|
Net Income |
18.3 |
15.3 |
13.4 |
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
18.3 |
15.3 |
13.4 |
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
18.3 |
15.3 |
13.4 |
|
|
|
|
|
|
Basic Weighted Average Shares |
364.8 |
364.8 |
364.8 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.05 |
0.04 |
0.04 |
|
Basic EPS Including ExtraOrdinary Items |
0.05 |
0.04 |
0.04 |
|
Diluted Net Income |
18.3 |
15.3 |
13.4 |
|
Diluted Weighted Average Shares |
448.8 |
448.8 |
448.8 |
|
Diluted EPS Excluding ExtraOrd Items |
0.04 |
0.03 |
0.03 |
|
Diluted EPS Including ExtraOrd Items |
0.04 |
0.03 |
0.03 |
|
DPS-Fully Paid Ord. Shrs |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
33.7 |
29.5 |
22.5 |
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
15.4 |
14.2 |
9.2 |
|
Normalized Income After Taxes |
18.3 |
15.3 |
13.4 |
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
18.3 |
15.3 |
13.4 |
|
|
|
|
|
|
Basic Normalized EPS |
0.05 |
0.04 |
0.04 |
|
Diluted Normalized EPS |
0.04 |
0.03 |
0.03 |
|
Depreciation, Supplemental |
1.2 |
1.1 |
0.7 |
|
|
Annual Balance Sheet
Financials in: USD (mil)
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
BDT |
|
Exchange Rate |
81.83 |
70.475 |
69.26 |
|
Auditor |
ACNABIN |
ACNABIN |
ACNABIN |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
Cash in Hand |
8.4 |
14.2 |
6.8 |
|
Balance with Bangladesh Bank and its |
51.2 |
49.5 |
39.6 |
|
Balance with other banks and financial i |
62.0 |
14.6 |
23.0 |
|
Balance with other banks and financial i |
9.7 |
3.1 |
8.4 |
|
Money at call and short notice |
0.0 |
0.0 |
7.2 |
|
Investments-Government |
195.4 |
150.1 |
122.4 |
|
Investments-Asset pledge as securities |
0.2 |
0.4 |
0.4 |
|
Investments-other |
6.5 |
6.2 |
0.0 |
|
Loans, cash credits, over drafts etc. |
550.8 |
603.3 |
428.0 |
|
Bills purchased and discounted |
143.3 |
102.4 |
38.2 |
|
Fixed assets including land, building fu |
27.6 |
25.9 |
9.8 |
|
Other assets |
10.1 |
23.8 |
19.8 |
|
Total Assets |
1,065.2 |
993.5 |
703.6 |
|
|
|
|
|
|
Current account and other accounts etc. |
96.3 |
99.5 |
68.1 |
|
Bills payable |
12.1 |
11.0 |
7.5 |
|
Saving bank deposits |
54.7 |
56.3 |
41.7 |
|
Fixed deposits |
523.7 |
520.7 |
363.9 |
|
Short term deposits |
32.2 |
60.1 |
39.9 |
|
Deposits under special scheme |
140.6 |
112.1 |
88.3 |
|
Foreign currency deposit |
2.1 |
1.2 |
2.2 |
|
Borrowings from other Banks, financial i |
70.3 |
7.1 |
1.8 |
|
Total Long Term Debt |
70.3 |
7.1 |
1.8 |
|
|
|
|
|
|
Other liabilities |
44.0 |
34.5 |
32.8 |
|
Minority Interest |
0.0 |
0.0 |
- |
|
Total Liabilities |
976.0 |
902.5 |
646.1 |
|
|
|
|
|
|
Paid up capital |
44.6 |
31.6 |
23.4 |
|
Statutory reserve |
21.1 |
17.4 |
11.8 |
|
Other reserves |
13.0 |
32.5 |
13.4 |
|
Retained earnings |
10.6 |
9.4 |
8.9 |
|
Total Equity |
89.2 |
90.9 |
57.5 |
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
1,065.2 |
993.5 |
703.6 |
|
|
|
|
|
|
S/O-Fully Paid Ord. Shrs |
364.8 |
274.3 |
199.5 |
|
Total Common Shares Outstanding |
364.8 |
274.3 |
199.5 |
|
Total Capital % |
- |
9.49% |
12.83% |
|
Tier 1 Capital % |
- |
7.26% |
9.80% |
|
Total Risk-Weighted Capital |
- |
948.4 |
450.0 |
|
|
Annual Cash Flows
Financials in: USD (mil)
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
BDT |
|
Exchange Rate
(Period Average) |
74.041708 |
69.60265 |
69.026932 |
|
Auditor |
ACNABIN |
ACNABIN |
ACNABIN |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
Cash Receipts |
13.6 |
11.2 |
7.5 |
|
Cash Payments |
-2.1 |
-1.5 |
-10.8 |
|
Cash Interest Paid |
-90.2 |
-53.5 |
-41.8 |
|
Cash Taxes Paid |
-11.8 |
-6.3 |
-6.7 |
|
Extraordinary income |
0.0 |
0.0 |
0.0 |
|
Interest receipts |
114.6 |
74.8 |
54.9 |
|
Receipts from other operating activities |
4.0 |
4.8 |
2.1 |
|
Payments for Supplier |
-19.0 |
-12.2 |
- |
|
Payments for other operating activities |
-5.6 |
-4.7 |
-3.4 |
|
Loans and advances and lease to the cust |
-95.4 |
-250.7 |
-163.0 |
|
Other assets |
6.0 |
-16.8 |
-0.8 |
|
Deposits from other Banks |
-13.6 |
-11.1 |
51.8 |
|
Deposits from customers |
146.6 |
274.2 |
166.2 |
|
Other current liabilites |
0.7 |
7.0 |
15.2 |
|
Cash from Operating Activities |
47.7 |
15.3 |
71.2 |
|
|
|
|
|
|
Income received from investments |
15.2 |
10.2 |
10.0 |
|
Proceeds from sale of secuirities(gain) |
9.1 |
6.4 |
9.7 |
|
Payments for purchase of secuirities |
0.3 |
-6.2 |
0.4 |
|
Purchase of property, plant & equipments |
-3.1 |
-17.2 |
-1.6 |
|
Adjustment for property, plant & equipme |
0.0 |
0.0 |
0.0 |
|
Purchase of CSE memebership |
-3.8 |
0.0 |
- |
|
Prilimenery Expenses |
0.0 |
0.0 |
- |
|
Cash from Investing Activities |
17.8 |
-6.8 |
18.5 |
|
|
|
|
|
|
Increase/decrease of long term borrowing |
70.9 |
5.4 |
-4.0 |
|
Right issue subscription money |
5.8 |
14.2 |
0.0 |
|
Cash from Financing Activities |
76.7 |
19.6 |
-4.0 |
|
|
|
|
|
|
Net Change in Cash |
142.2 |
28.2 |
85.7 |
|
|
|
|
|
|
Net Cash - Beginning Balance |
220.8 |
206.7 |
122.7 |
|
Net Cash - Ending Balance |
362.9 |
234.8 |
208.4 |
Financial Health
|
Financials
in: USD (mil) |
|
|
Except
for share items (millions) and per share items (actual units) |
|
|
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Annual Ratios
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per share
items (actual units) |
|
|
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.82 |
|
UK Pound |
1 |
Rs.96.57 |
|
Euro |
1 |
Rs.82.45 |
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.