MIRA INFORM REPORT
|
Report Date : |
19.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
SONALI BANK LTD |
|
|
|
|
Registered Office : |
35-42, 44 Motijheel Commercial Area, Dhaka, 1000 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Year of Establishment: |
1972 |
|
|
|
|
Legal Form : |
Private Independent Company |
|
|
|
|
Line of Business : |
Subject provides personal banking, Hajj Savings, rural credit, micro credit,
international banking and industrial financing services |
|
|
|
|
No. of Employees : |
21839 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Bangladesh |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
|
Source : CIA |
Company name & address
Sonali Bank Ltd
35-42, 44 Motijheel Commercial Area
Dhaka, 1000
Bangladesh
Tel: 880-95-5042631
Fax: 880-2-9561410
Synthesis
Employees: 21,839
Company Type: Private Independent
Incorporation Date: 1972
Auditor: Syful Shamsul Alam & Co
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency:
Bangladesh Taka
Annual Sales: 295.8
1
Net Income: 39.3
Total Assets:
9,212.7 2
Business Description
Sonali Bank Limited is a Bangladesh-based commercial bank. The Bank
provides a range of services, which includes personal banking, Hajj Savings, rural
credit, micro credit, international banking and industrial financing. It offers
an array of investment bonds, such as Wage Earner's Development Bond, US Dollar
Investment Bond, US Dollar Premium Bond and Govt. Treasury Bill and Bond. It
has various types of deposit schemes includes Sonali deposit scheme, education
deposit scheme, Medicare deposit scheme, rural deposit scheme, monthly earning
scheme and marriage savings scheme. Its credit schemes include consumers
credit, special small credit scheme, loan for diagnostic center and information
technology (IT) finance. For the fiscal year ended 31 December 2010, Sonali
Bank Ltd's interest income increased 29% to BDT22.8M. Net interest income after
LLP decreased 62% to BDT708K. Net income decreased 22% to BDT2.7M. Net interest
income reflects an increase in interest income, offset by increased interest
paid on deposits, borrowings etc. Net income was partially offset by reflects
increased Commission, exchange and brokerage.
Industry
Industry Banking
ANZSIC 2006: 6221 - Banking
ISIC Rev 4: 6419 - Other
monetary intermediation
NACE Rev 2: 6419 - Other
monetary intermediation
NAICS 2012: 52211 - Commercial
Banking
UK SIC 2007: 64191 - Banks
US SIC 1987: 6029 - Commercial
Banks, Not Elsewhere Classified
Key Executives
|
Name |
Title |
|
Md. Humayun Kabir |
Managing Director, Chief Executive Officer, Director |
|
Zaheed Hossain |
Company Secretary, General Manager |
|
Quazi Baharul Islam |
Chairman of the Board |
|
Jannat Ara Henry |
Director |
|
Salima Ahmad |
Director |
1 - Profit & Loss Item Exchange Rate: USD 1 = BDT 69.60265
2 - Balance Sheet Item Exchange Rate: USD 1 = BDT 70.475
Corporate Overview
Location
35-42, 44 Motijheel Commercial Area
Dhaka, 1000
Bangladesh
Tel: 880-95-5042631
Fax: 880-2-9561410
Sales BDT(mil): 20,588.4
Assets BDT(mil): 649,267.9
Employees: 21,839
Fiscal Year End: 31-Dec-2010
Industry: Commercial
Banks
Incorporation Date: 1972
Company Type: Private
Independent
Quoted Status: Not
Quoted
Managing Director,
Chief Executive Officer, Director:
Md. Humayun Kabir
Industry Codes
ANZSIC 2006 Codes:
6221 - Banking
ISIC Rev 4 Codes:
6419 - Other monetary intermediation
NACE Rev 2 Codes:
6419 - Other monetary intermediation
NAICS 2012 Codes:
52211 - Commercial Banking
US SIC 1987:
6029 - Commercial Banks, Not Elsewhere Classified
UK SIC 2007:
64191 - Banks
Business
Description
Sonali Bank
Limited is a Bangladesh-based commercial bank. The Bank provides a range of
services, which includes personal banking, Hajj Savings, rural credit, micro
credit, international banking and industrial financing. It offers an array of
investment bonds, such as Wage Earner's Development Bond, US Dollar Investment
Bond, US Dollar Premium Bond and Govt. Treasury Bill and Bond. It has various
types of deposit schemes includes Sonali deposit scheme, education deposit
scheme, Medicare deposit scheme, rural deposit scheme, monthly earning scheme
and marriage savings scheme. Its credit schemes include consumers credit,
special small credit scheme, loan for diagnostic center and information
technology (IT) finance. For the fiscal year ended 31 December 2010, Sonali
Bank Ltd's interest income increased 29% to BDT22.8M. Net interest income after
LLP decreased 62% to BDT708K. Net income decreased 22% to BDT2.7M. Net interest
income reflects an increase in interest income, offset by increased interest
paid on deposits, borrowings etc. Net income was partially offset by reflects
increased Commission, exchange and brokerage.
More Business Descriptions
Provision of
commercial banking services
Sonali Bank
Limited (Sonali Bank) is a financial service provider. The bank provides
banking products and services, including personal banking, international
banking, SME banking trade financing, industrial banking, rural banking,
investment banking, Government banking, and utility services. Its core business
comprised of corporate banking, project finance, SME finance, loan syndication,
international trade, consumer credit, trade finance, loan syndication, rural
and micro credit, foreign exchange dealing, NGO-linkage loan, investment,
government treasury function, money market operation, capital market operation
and remittance. It operates through a network of 1194 covering rural and urban
areas of Bangladesh.The personal banking offers personal banking facilities and
services through a network of 1196 branches including two overseas branches at
Kolkata and sliguri. It provides savings account, fixed deposit receipt (FDR)
account and financing for the trade, commerce and industry. The bank through
its international banking division provides a range of export credit, which
includes guarantees in foreign currency; LCs (Letters of Credit); Forward
contracts; discounting, facilitating supplier's credit and bill purchasing. In
addition, it also offers a various services, which includes NFCD account
(Non-Resident Foreign Currency Deposit); NRAT (Non-Resident Account in Taka);
remittance, collection, purchases and sales of foreign currency and
traveler’s cheques; non-convertible Taka account; correspondent banking
relations, RFCD account (Resident Foreign Currency Deposit); convertible and
forward contracts. Sonali Bank offers industrial financing facilities to its
customers in the trade and commerce industry. It offers industrial financing
for thrust sectors through special investment scheme for cottage and small
industries; Sonali Bank industrial credit scheme; financing software
development and data processing and financing large scale industries through
banks' consortium. The Bank provides rural and micro credit facilities. It
offers various credit programs such as crop loan (special agricultural credit
program), special investment program, farming and off farming program, Krishi
Khamar Rin Karmasuchi program, pond fisheries credit program, fertilizer
dealers Credit program, sugarcane production loan program, and Social
afforestation Program. It also offers various micro credit programmes that include
Bank-NGO Linkage wholesale credit programme, loan programme for Disabled
persons, and many development credit schemes. The bank operates Islamic Banking
window in five branches designated in compliance with the rules of Islamic
Shariah.Sonali Bank’s various deposit and credit schemes includes Sonali
deposit scheme, education deposit scheme, medicare deposit scheme, monthly
earning scheme, marriage savings scheme, rural deposit scheme, consumer’s
credit, special small credit scheme, IT finance and loan for diagnostic center.
The Bank provides ancillary services such as collection and payment of bills,
taxes etc; social services; sale and encashment/purchase of bonds, forms and
certificates; and other miscellaneous services to its customers.The Bank offers
foreign remittance services through its two subsidiaries, namely, Sonali
Exchange Co. Inc. (SECI) in the US and Sonali Bank (UK) Ltd., in the UK.
Geographically, the bank operates inside Bangladesh and outside Bangladesh.
Inside Bangladesh it has been divided into many divisions, namely, Dhaka
division, Chittagong division, Rajshahi division, Khulna division, Sylhet
division, Barisal division, and Rangpur.
Sonali Bank
Limited (Sonali Bank) is a financial services provider, based in Bangladesh.
The company offers personal banking, corporate banking, rural credit, micro
credit, international banking, industrial financing, deposit & credit
schemes, SME banking, foreign currency, and investment bond. It provides Online
and SMS Banking, locker services, Ancillary Services, credit and debit card
services, online tax payment, Islamic banking, investment, government treasury
function, money and capital market operation, and remittance products and
services. The company offers its products and services through its branches and
ATM networks. It has 53 ATM booths. The company has total 1200 branches. Its
subsidiaries include Sonali Bank (UK) Limited, Sonali Exchange Company
Incorporated, and Sonali Investment Limited. Sonali Bank is headquartered in
Dhaka, Bangladesh.
Commercial Banking
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Competitors Report
|
Executives Report
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
annual income statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
|
|
|
|
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
|
Exchange Rate
(Period Average) |
69.60265 |
69.026932 |
|
Auditor |
Syful Shamsul
Alam & Co |
Syful Shamsul
Alam & Co |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
Other Interest Income |
328.2 |
256.2 |
|
Interest Income, Bank |
328.2 |
256.2 |
|
Interest on Deposit |
274.9 |
228.9 |
|
Total Interest Expense |
274.9 |
228.9 |
|
Net Interest Income |
53.3 |
27.3 |
|
|
|
|
|
Loan Loss Provision |
43.1 |
0.0 |
|
Net Interest Income after Loan Loss Provision |
10.2 |
27.3 |
|
|
|
|
|
Commissions & Fees from Securities
Activities |
137.2 |
99.8 |
|
Investment Securities Gains |
84.7 |
111.5 |
|
Other Revenue |
20.6 |
4.1 |
|
Non-Interest Income, Bank |
242.5 |
215.4 |
|
Labor & Related Expenses |
-134.3 |
-106.8 |
|
Depreciation Expense |
-4.8 |
-2.9 |
|
Amortization of Intangibles |
-41.1 |
-72.4 |
|
Other Expense |
-49.2 |
-28.1 |
|
Non-Interest Expense, Bank |
-229.4 |
-210.2 |
|
Income Before Tax |
23.3 |
32.5 |
|
|
|
|
|
Total Income Tax |
-16.1 |
-18.0 |
|
Income After Tax |
39.3 |
50.6 |
|
|
|
|
|
Net Income Before Extraord Items |
39.3 |
50.6 |
|
Net Income |
39.3 |
50.6 |
|
|
|
|
|
Income Available to Common Excl Extraord Items |
39.3 |
50.6 |
|
|
|
|
|
Income Available to Common Incl Extraord Items |
39.3 |
50.6 |
|
|
|
|
|
Diluted Net Income |
39.3 |
50.6 |
|
Depreciation, Supplemental |
4.8 |
2.9 |
|
Normalized Income Before Tax |
23.3 |
32.5 |
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
-16.1 |
-18.0 |
|
Normalized Income After Tax |
39.3 |
50.6 |
|
|
|
|
|
Normalized Inc. Avail to Com. |
39.3 |
50.6 |
|
|
|
|
|
Amort of Intangibles, Supplemental |
41.1 |
72.4 |
|
Bank Total Revenue |
295.8 |
242.7 |
|
|
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
|
Exchange Rate |
70.475 |
69.26 |
|
Auditor |
Syful Shamsul
Alam & Co |
Syful Shamsul
Alam & Co |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
Cash & Due from Banks |
1,040.5 |
563.5 |
|
Fed Funds Sold/Securities Purch Under Resale
Agrmnt |
78.7 |
44.5 |
|
Other Short Term Investments |
1,585.6 |
1,638.5 |
|
Other Earning Assets, Total |
1,664.3 |
1,682.9 |
|
Net Loans |
3,642.7 |
3,331.1 |
|
Property/Plant/Equipment - Net |
150.3 |
145.1 |
|
Interest Receivable |
416.9 |
336.6 |
|
Other Assets |
2,298.0 |
1,894.3 |
|
Other Assets, Total |
2,714.9 |
2,230.9 |
|
Total Assets |
9,212.7 |
7,953.5 |
|
|
|
|
|
Accounts Payable |
122.6 |
102.1 |
|
Interest Bearing Deposits |
4,974.0 |
4,294.5 |
|
Other Deposits |
1,687.8 |
1,467.6 |
|
Total Deposits |
6,661.8 |
5,762.0 |
|
Long Term Debt |
0.4 |
0.9 |
|
Total Long Term Debt |
0.4 |
0.9 |
|
Total Debt |
0.4 |
0.9 |
|
|
|
|
|
Other Liabilities |
1,778.4 |
1,550.4 |
|
Other Liabilities, Total |
1,778.4 |
1,550.4 |
|
Total Liabilities |
8,563.2 |
7,415.5 |
|
|
|
|
|
Additional Paid-In Capital |
127.7 |
129.9 |
|
Retained Earnings (Accumulated Deficit) |
521.8 |
408.1 |
|
Total Equity |
649.5 |
538.0 |
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
9,212.7 |
7,953.5 |
|
|
|
|
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
|
Exchange Rate
(Period Average) |
69.60265 |
69.026932 |
|
Auditor |
Syful Shamsul
Alam & Co |
Syful Shamsul
Alam & Co |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
Cash Receipts |
421.9 |
385.8 |
|
Cash Payments |
-274.9 |
-228.9 |
|
Cash Taxes Paid |
- |
0.0 |
|
Other Assets |
633.8 |
594.2 |
|
Other Liabilities |
257.9 |
54.9 |
|
Other Operating Cash Flow |
-66.2 |
-102.3 |
|
Loans, Gains/Losses |
-460.8 |
-331.1 |
|
Changes in Working Capital |
364.6 |
215.7 |
|
Cash from Operating Activities |
511.7 |
372.5 |
|
|
|
|
|
Purchase of Fixed Assets |
-7.9 |
-1.8 |
|
Capital Expenditures |
-7.9 |
-1.8 |
|
Principal Payments from Securities |
-128.6 |
-60.0 |
|
Other Investing Cash Flow Items, Total |
-128.6 |
-60.0 |
|
Cash from Investing Activities |
-136.5 |
-61.8 |
|
|
|
|
|
Other Financing Cash Flow |
-0.5 |
-7.0 |
|
Financing Cash Flow Items |
-0.5 |
-7.0 |
|
Cash from Financing Activities |
-0.5 |
-7.0 |
|
|
|
|
|
Net Change in Cash |
374.7 |
303.7 |
|
|
|
|
|
Net Cash - Beginning Balance |
870.2 |
573.8 |
|
Net Cash - Ending Balance |
1,244.9 |
877.5 |
|
|
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
|
Exchange Rate
(Period Average) |
69.60265 |
69.026932 |
|
Auditor |
Syful Shamsul
Alam & Co |
Syful Shamsul
Alam & Co |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
Interest Income |
328.2 |
256.2 |
|
Total Revenue |
328.2 |
256.2 |
|
|
|
|
|
Interest Paid on Deposit and Borrowing, |
274.9 |
228.9 |
|
Provision against Loans & Advances |
43.1 |
0.0 |
|
Total Operating Expense |
318.0 |
228.9 |
|
|
|
|
|
Provision against Investment in Quoted S |
0.0 |
-0.2 |
|
Income from Investments |
84.7 |
111.7 |
|
Commission, Exchange and Brokerage |
137.2 |
99.8 |
|
Other Operating Income |
20.6 |
4.1 |
|
Salary and Allowances |
-134.3 |
-106.8 |
|
Other Provision |
-14.4 |
-0.1 |
|
Rent, Tax, Insurance, Electricity |
-7.2 |
-5.9 |
|
Legal Expense |
-0.4 |
-0.6 |
|
Postage, Stamps and Telephone |
-1.2 |
-1.0 |
|
Printing, Stationery, Advertisement |
-2.2 |
-2.0 |
|
Chief Executive's salary and fees |
-0.1 |
-0.1 |
|
Directors' Fee |
0.0 |
0.0 |
|
Audit Fee |
0.0 |
0.0 |
|
Depreciation on and Repair to Bank's Pro |
-4.8 |
-2.9 |
|
Other Expenditure |
-23.6 |
-17.6 |
|
Amortization of Intangible Assets |
-41.1 |
-72.4 |
|
Adjustment |
-0.1 |
-0.7 |
|
Total Non-Interest Revenue |
242.5 |
215.4 |
|
|
|
|
|
Total Non-Interest Expense |
-229.4 |
-210.2 |
|
|
|
|
|
Net Income Before Taxes |
23.3 |
32.5 |
|
|
|
|
|
Provision for Income Taxes |
-16.1 |
-18.0 |
|
Net Income After Taxes |
39.3 |
50.6 |
|
|
|
|
|
Net Income Before Extra. Items |
39.3 |
50.6 |
|
Net Income |
39.3 |
50.6 |
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
39.3 |
50.6 |
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
39.3 |
50.6 |
|
|
|
|
|
Diluted Net Income |
39.3 |
50.6 |
|
Normalized Income Before Taxes |
23.3 |
32.5 |
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
-16.1 |
-18.0 |
|
Normalized Income After Taxes |
39.3 |
50.6 |
|
|
|
|
|
Normalized Inc. Avail to Com. |
39.3 |
50.6 |
|
|
|
|
|
Depreciation, Supplemental |
4.8 |
2.9 |
|
Amort of Intangibles, Supplemental |
41.1 |
72.4 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
|
Exchange Rate |
70.475 |
69.26 |
|
Auditor |
Syful Shamsul
Alam & Co |
Syful Shamsul
Alam & Co |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
In Hand (Including Foreign Currency) |
72.9 |
55.0 |
|
With Bangladesh Bank and its agent Bank |
398.6 |
355.2 |
|
Balnce with In Bangladesh |
405.2 |
53.4 |
|
Balance Outside Bangladesh |
163.8 |
99.9 |
|
Money at Call on Short Notice |
78.7 |
44.5 |
|
Investments in Government |
1,374.1 |
1,581.0 |
|
Investments Others |
211.5 |
57.5 |
|
Loans, Cash Credit, Overdrafts, etc. |
3,642.7 |
3,331.1 |
|
Bills Purchased and Discounted |
416.9 |
336.6 |
|
Fixed Asset including Premises,Furniture |
150.3 |
145.1 |
|
Other Asset |
2,298.0 |
1,894.3 |
|
Total Assets |
9,212.7 |
7,953.5 |
|
|
|
|
|
Current Deposit & Other Accounts |
1,687.8 |
1,467.6 |
|
Bills Payable |
122.6 |
102.1 |
|
Savings Deposit |
2,180.7 |
1,881.8 |
|
Fixed Deposit |
2,793.3 |
2,412.7 |
|
Borrowing from other Banks, Financial |
0.4 |
0.9 |
|
Total Long Term Debt |
0.4 |
0.9 |
|
|
|
|
|
Other Liabilities |
1,778.4 |
1,550.4 |
|
Total Liabilities |
8,563.2 |
7,415.5 |
|
|
|
|
|
Paid up Capital |
127.7 |
129.9 |
|
Statutory Reserve |
56.1 |
51.5 |
|
Retained Earnings |
186.9 |
156.2 |
|
Other Reserve |
278.8 |
200.3 |
|
Total Equity |
649.5 |
538.0 |
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
9,212.7 |
7,953.5 |
|
|
|
|
Annual Cash Flows
Financials in: USD (mil)
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
|
Exchange Rate
(Period Average) |
69.60265 |
69.026932 |
|
Auditor |
Syful Shamsul
Alam & Co |
Syful Shamsul
Alam & Co |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
Cash Receipts |
421.9 |
385.8 |
|
Cash Payments |
-274.9 |
-228.9 |
|
Cash Taxes Paid |
- |
0.0 |
|
Dividends receipts |
0.5 |
1.4 |
|
Fee and commission receipts in cash |
99.8 |
70.6 |
|
Cash payments to employees |
130.1 |
-107.0 |
|
Cash payments to Suppliers |
-2.9 |
-2.7 |
|
Receipts from other operating activities |
44.5 |
35.2 |
|
Payments for other operating activities |
-78.1 |
-99.7 |
|
Adjustment |
-260.2 |
0.0 |
|
Loans & advances to customers |
-460.8 |
-331.1 |
|
Other assets (item-wise) |
-400.4 |
-10.8 |
|
Deposits from other banks |
63.7 |
-14.8 |
|
Deposits from customers |
970.5 |
619.9 |
|
Other liabilities (item-wise) |
257.9 |
54.9 |
|
Cash from Operating Activities |
511.7 |
372.5 |
|
|
|
|
|
Payments for purchase of securities |
-128.6 |
-60.0 |
|
Capirtal Expenditure |
-7.9 |
-1.8 |
|
Cash from Investing Activities |
-136.5 |
-61.8 |
|
|
|
|
|
Payments for redemption of loan capital |
-0.5 |
-7.0 |
|
Cash from Financing Activities |
-0.5 |
-7.0 |
|
|
|
|
|
Net Change in Cash |
374.7 |
303.7 |
|
|
|
|
|
Cash at Begining |
870.2 |
573.8 |
|
Cash at Ending |
1,244.9 |
877.5 |
|
|
Financial Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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.