MIRA INFORM REPORT

 

 

Report Date :

24.08.2013

 

IDENTIFICATION DETAILS

 

Name :

NATIONAL BANK OF PAKISTAN-BANGLADESH OPERATION

 

 

Registered Office :

80, Gulshan Avenue, (1st Floor), Gulshan, Dhaka-1212

 

 

Country :

Bangladesh

 

 

Date of Incorporation :

August, 1994

 

 

Legal Form :

Public Listed Company

 

 

Line of Business :

Commercial Banking     

 

 

No. of Employees :

200

 

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

 

 

IDENTIFICATION DETAILS

 

 

Correct company Name

:

National Bank of Pakistan-Bangladesh Operation

Country Head office

:

80, Gulshan Avenue, (1st Floor), Gulshan, Dhaka-1212, Bangladesh

Tel No

:

88- 04477701298, 04477701299

Fax No

:

-

E-mail

:

nbpbd_co@yahoo.com

Website

:

http://nbp-bd.com

Date of Established

           (Bangladesh)

:

August, 1994

Incorporated ,Pakistan

:

1949, in Pakistan

Registered No.

:

(Registered In Pakistan)

Swift Cod

:

NBPNBDDH

Legal Form (General)

:

 Public Listed Co    Public (but not listed)   Private Bank   State-owned Co

 Sole Proprietorships  Partnership           Not Registered in Bangladsh

 others (please specify) ________________

 

Legal form (Specific)

:

LTD   CORP    INC  CO    

 others (please specify) ________________

 

Issuing Authority

:

Registered In Pakistan                    City Corporation

 Municipal Administration                Union Council

 Cantonment Board                      Chief Controller of  Import & Export (CCIE)

 

FINANCIALS- SUMMARY

 

      Year

Total Deposits

 Assets

     Income

     2011

Tk.8308.1

Tk. 10,482.68 million

N/A

     2012

Tk.9719.2

Tk. 15,992.1million.

N/A

Exchange Rate

USD1-Tk. 77.8200

EUR 1- Tk. 100.2711

GBP 1- Tk.118.5354

AUD 1 - Tk.82.8563

JPY 1 - Tk.0.9286

CAD 1 - Tk.80.1887

SEK 1 - Tk.12.2870

SGD 1 - Tk.65.3045

CNH 1 - Tk.12.8399

 

 

FULLCHECK REPORT DETAILS

 

                                    Information Parted By

 

 

 

Name

:

Md. Khairul Hoque Khan

Designation

:

Deputy General Manager & CFO

Contract No

:

-

 

                                     Locations Details

 

Business Address

:

80, Gulshan Avenue, (1st Floor), Gulshan, Dhaka-1212, Bangladesh

Tel No

:

88- 04477701298, 04477701299

E-mail

:

nbpbd_co@yahoo.com

Fax No

:

-

Website

:

http://nbp-bd.com

 

Location :

: Owned

 

 

Rented

Ö

 

Leased

 

Area

18,000

Sq. ft.

 

 

Type of Office :

  :       Commercial Office Bldg.

Ö

 

Semi-commercial office Bldg.

 

     

 

Retail shop

 

 

Industrial Park

 

     

 

Business Center

 

 

Home Office

 

     

 

Residential Bldg.

 

 

 

 

 

 

Head office Address

:

NBP Building, I.I. Chundrigar Road, Karachi, Pakistan.

Tel No

:

92 -21- 99220100 (30 lines), 99062000 (60 lines)

E-mail

:

ibne.hassan@nbp.com.pk,

Fax No

:

92-21-99220239

Website

:

www.nbp.com.pk

 

Branches Office ( Bangladesh)     : 4

Branches Office (Total)           : 1250

Branches Office ( Overseas)       : 22

 

Employee:

 

 

 

No. of Employees Bangladesh

 

In Office

:

200

In Factory

:

 

In Branch:

:

 

Total

:

200

 

 

OWNERSHIP/SHAREHOLDERS

Names of Shareholders

            No. of Share     

Government of Pakistan

            75.02%

Foreign Companies

            7.06%

Modarabas & Mutual Fund

            4.41%

Banks, DFI & NBFI

            3.06%

Insurance Companies

            2.72%

others

            3.58%

General Public

            3.97%

 

 

DIRECTORS

 

Name

Designation

Dr. Asif A. Brohi

Chairman Board, President

Mr. Tariq Kirmani

Director

Mr. Shahid Aziz Siddiqi

Director

Mr. Zahid Hussain

Director

Mr. Wasiq Mahmood

Director

Syed Muhammad Ali Zamin

EVP, Secretary Board of Directors

 

 

MANAGEMENT

 

 

Name

:

Md. Khairul Hoque Khan

 

Email address

:

-

 

Nationality

:

Bangladeshi

 

Job Description

:

Deputy General Manager & CFO

 

Other details

:

-

 

 

 

BUSINESS OPERATIONS

 

 

Nature of Activity       :

Manufacturer

 

Banking

Ö

Dealer

 

Distributor

 

 

Exporter

 

Importer

 

Others

 

 

 

Range of Products/Item Dealings In:

 

Products

:

Commercial Banking      

Production Capacity

:

N/A

Last Year Production

:

N/A

 

Trading Terms:

 

Purchasing Terms:

L/C

Ö

Cash

 

Others

 

 

 

Credit :

 

30 days

 

60 days

Ö

90 days

 

 

days

 

 

DETAILED DATA

 

 

Trade Reference & Related Parties

:

 

Overseas Clients

:

N/A

Local Clients

:

N/A

Overseas Suppliers

:

N/A

Local Suppliers

:

N/A

 

Trade Markets

:

 

Exports

:

N/A

Imports

:

N/A

Brand Name

:

N/A

 

Certified

:

N/A

 

Auditors

:

 N/A

 

Operation Status

:

Active

 

Member

:

 N/A

 

 

 

CAPITAL STRUCTURE

 

Required Capital

:

Tk.4,000 million

Paid-up Capital

:

Tk.2024.91 million

No. of Shares

:

N/A

 Share Value

:

N/A

Main Assets

:

15,992.1million.

 

 

 

 

 

FINANCIAL STATEMENT- DETAILED

 

             N/A

 

Income Statement :

            N/A

 

 

ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES

 

Sister Concerns

:

N/A

Subsidiary

:

N/A

Name of  The Group

:

N/A

 

 

BANKING

                                    

Bank Name  

:

N/A

Bank Address

:

N/A

 

 

ADVERSE DATA MONITORING

                                                       

Dishonored Checks           

:     

No Record Found         

Debt

 

:

No Record Found

Litigation  

                   

:

Clear         

Performance Defaults

 

:

No Record Found         

Adverse Local Media Coverage/ Adverse Filling History

:

No Record Found

 

 

SITE VISIT COMMENTARY

 

We visited the subject bank Country Head office which is situated at 80, Gulshan Avenue, (1st Floor), Gulshan, Dhaka-1212, Bangladesh.

 

 

GENERAL COMMENTS

 

NBP has been operating in Bangladesh since 31 August 1994, after obtaining license from Bangladesh Bank. NBP is one of the largest banking entities in Pakistan comprising of total 1,250 domestic branches and 22 overseas branches. NBP-Pakistan is listed with the capital market and its shares are traded in all stock exchanges in Pakistan. NBP is mostly sponsored by the State Bank of Pakistan, the banking regulator of Pakistan with 75.20% equity holding. The principal activities of the bank are to offer all kinds of commercial banking products and services to customers with the operational network of 4 branches in some selected places over the country.

 

 

 

              

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs. 64.69

UK Pound

1

Rs.  100.80

Euro

1

Rs.  86.30

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIS

 

 

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.