|
Report Date : |
04.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
STANDARD CHARTERED BANK |
|
|
|
|
Registered Office : |
Alico Building, 18-20 Motijheel C/A, Dhaka-1000 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Financials (as on) : |
31.12. 2012 (Parent Company) |
|
|
|
|
Year of Incorporation : |
1948 |
|
|
|
|
Legal Form : |
Foreign Bank |
|
|
|
|
Line of Business : |
General Banking like Personal Banking, Priority Banking, Islamic Banking, SME Banking, Wholesale Banking |
|
|
|
|
No. of Employees : |
3,200 |
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, 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
|
Name |
Standard Chartered
Bank |
|
Address |
Alico Building,
18-20 Motijheel C/A, Dhaka-1000 |
|
Country |
Bangladesh |
|
Telephone No |
880-2-8957272, 8332272 |
|
Fax No |
880-2-8332272 |
|
E-Mail |
info@standardchartered.com.bd |
|
Website |
www.standardchartered.com.bd |
|
Bangladesh Operation From |
1948 |
|
Company Registration No |
The company registered in England
|
|
Legal Status |
Foreign Bank |
|
Business Type |
General Banking |
|
Status |
Satisfactory |
|
Payment Behavior |
No complaints have been heard regarding payments from local
suppliers or banks. |
|
Head Office |
67 Gulshan Avenue, Gulshan, Dhaka-1212 |
|
Telephone No |
880-2-8833003-4 |
|
Fax No |
880-2-8833005 |
|
E-Mail |
info@standardchartered.com/bd |
|
Website |
www.standardchartered.com/bd |
|
Branch |
26 |
|
Factory |
N/A |
|
S.W.I.F.T.: |
SCBLBDDX |
|
Name |
Mr. Jim McCabe |
|
Designation |
Country Chief Executive Officer |
|
Nationality |
N/A |
|
Name |
Standard Chartered Plc |
|
Share Percent |
100% |
|
Country |
United Kingdom |
|
Line of Business |
General Banking |
|
Range of Services |
4 Personal Banking 4 Priority Banking 4 Islamic Banking 4 SME Banking 4 Wholesale Banking |
Parent
Company Balance Sheet
As
At 31 December 2012
Currency:
USD (In Million)
|
Assets |
|
|
Cash and Equivalents |
80,600.0 |
|
Trading Asset Securities |
75,273.0 |
|
TOTAL CASH AND SHORT TERM INVESTMENTS |
161,847.0 |
|
Other Receivables |
215.0 |
|
Prepaid Expenses |
2,581.0 |
|
Other Current Assets |
2,581.0 |
|
TOTAL CURRENT ASSETS |
184,203.0 |
|
NET PROPERTY PLANT AND EQUIPMENT |
6,646.0 |
|
Goodwill |
6,539.0 |
|
Other Intangibles |
773.0 |
|
Other Long-Term Assets |
19,706.0 |
|
TOTAL ASSETS |
636,518.0 |
|
|
|
|
LIABILITIES & EQUITY |
|
|
Accrued Expenses |
4,944.0 |
|
Short-Term Borrowings |
47,192.0 |
|
Current Portion of Long-Term Debt/Capital Lease |
1,561.0 |
|
Other Current Liabilities |
16,895.0 |
|
TOTAL CURRENT LIABILITIES |
498,988.0 |
|
Long-Term Debt |
78,478.0 |
|
Minority Interest |
693.0 |
|
Other Liabilities, Total |
30,961.0 |
|
TOTAL LIABILITIES |
590,463.0 |
|
Common Stock |
1,207.0 |
|
Additional Paid in Capital |
5,476.0 |
|
Retained Earnings |
26,561.0 |
|
Comprehensive Income and Other |
12,118.0 |
|
TOTAL COMMON EQUITY |
45,362.0 |
|
TOTAL EQUITY |
46,055.0 |
|
TOTAL LIABILITIES AND EQUITY |
636,518.0 |
Parent Company
Income Statement
For the Year Ended
31 December 2012
Currency: USD (In
Million)
|
TOTAL REVENUES |
17,566.0 |
|
GROSS PROFIT |
17,566.0 |
|
Selling General & Admin Expenses, Total |
10,896.0 |
|
Other Non-Operating Expenses, Total |
116.0 |
|
Merger & Restructuring Charges |
-- |
|
Impairment of Goodwill |
-- |
|
Other Unusual Items, Total |
90.0 |
|
EBT, INCLUDING UNUSUAL ITEMS |
6,876.0 |
|
Income Tax Expense |
1,891.0 |
|
Minority Interest in Earnings |
-98.0 |
|
Earnings from Continuing Operations |
4,985.0 |
|
NET INCOME |
4,887.0 |
|
NET INCOME TO COMMON INCLUDING EXTRA ITEMS |
4,786.0 |
|
NET INCOME TO COMMON EXCLUDING EXTRA ITEMS |
4,786.0 |
|
Authorized
Capital |
N/A |
|
Paid Up Capital |
N/A |
|
Each Share Value |
N/A |
|
Currency |
Unit |
Bangladeshi Taka (BDT) |
|
Great Britain Pound |
1 |
118.1722 |
|
U.S Dollar |
1 |
77.7500 |
|
European Euro |
1 |
101.0439 |
|
Dishonored
Checks |
No Found |
|
Debt |
No Found |
|
Litigation |
No Records Found |
|
Performance
Defaults |
No Records Found |
|
Adverse Press Coverage |
No Records Found |
|
Money Laundering |
No Records Found |
|
Employees |
3,200 |
|
Office Area (Sq.
Ft) |
3,500 sq.ft (rented) |
|
Factory Area
(Sq. Ft) |
N/A |
|
Warehouse Area
(Sq. Ft) |
3,800 sq.ft.(rented) |
|
Export Market |
N/A |
|
Certifications |
N/A |
|
Group Name |
N/A |
|
Subsidiaries /
Affiliates |
N/A |
|
Member |
4 Dhaka
Chamber of Commerce & Industries, Dhaka 4 Bangladesh
Association of Bankers, Dhaka |
|
Business Scale |
Large |
|
Business Trend |
Growing |
|
Management
Capability |
Good |
|
Reputation |
Good |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.57 |
|
|
1 |
Rs.86.15 |
|
Euro |
1 |
Rs.73.64 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.