MIRA INFORM REPORT
|
Report Date : |
08.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
NATIONAL BANK LTD. |
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Registered Office : |
18, Dilkusha Commercial Area, Dhaka, 1000 |
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Country : |
Bangladesh |
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Financials (as on) : |
31.12.2011 |
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Year of Establishments: |
1983 |
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Legal Form : |
Public Parent |
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Line of Business : |
Subject provides range of products and services, which includes
deposit products, credit products and cards. |
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No. of Employees : |
3,758 |
RATING & COMMENTS
|
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 : |
No Complaints |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Bangladesh |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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
The economy has grown 5-6% 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
NATIONAL BANK LTD
18, Dilkusha Commercial Area
Dhaka, 1000
Bangladesh
Tel: 880-2-9563081
Fax: 880-2-9669404
Synthesis
Employees: 3,758
Company Type: Public Parent
Corporate Family: 3 Companies
Traded: Dhaka Stock Exchange: NBL
Incorporation
Date: 1983
Auditor: Howladar
Yunus & Co
Financials in: USD
(Millions)
Fiscal Year End: 31-Dec-2011
Reporting
Currency: Bangladesh Taka
Net Income: 82.5
Market Value: 413.7 (01-Nov-2012)
Business Description
National Bank Limited (NBL) is a private commercial bank. It provides
range of products and services, which includes deposit products, credit
products and cards. The deposit products consist of savings deposit, current
deposit, term deposit, foreign currency deposit and NBL monthly savings scheme.
The credit products include overdraft, lease financing, house building, small
medium enterprise, consumer credit scheme and trade finance. The card consists
of credit card and NBL power card. The term deposit consists of short term
deposit and fixed deposit. NBL offers overdraft facility for corporate
customers and consumer credit facility for retail customers. NBL credit card
has range of merchants, which include hotels, restaurants, airlines and travel
agents, shopping malls and departmental stores, hospitals and diagnostic
centers, jewelers, electronics, and computer shops. As of December 31, 2009,
NBL had 130 branches and 15 small and medium enterprises/agri branches across
Bangladesh. For the six months ended 30 June 2012, National Bank Ltd interest
income increased 44% to BDT9.29B. Net interest income after loan loss provision
increased 9% to BDT2.53B. Net income decreased 57% to BDT1.39B. Net interest
income after loan loss provision reflects increase in interest earning assets
and decrease in interest bearing liabilities. Net income was offset by Interest
paid on deposits & borrowings increase of 71% to BDT6.76B (expense).
Industry
Industry Commercial Banks
ANZSIC 2006: 6221 - Banking
NACE 2002: 6512 - Other monetary intermediation
NAICS 2002: 52211 - Commercial Banking
UK SIC 2003: 65121 - Banks
UK SIC 2007: 64191 - Banks
US SIC 1987: 6029 - Commercial Banks, Not Elsewhere Classified
Key
Executives
|
Name |
Title |
|
Neaz Ahmed |
Managing Director |
|
Abdus Sobhan Khan |
Executive VP & Head-Treasury |
|
Board Member |
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|
Board Member |
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|
Md. Azizul Ashraf |
Board Member |
Significant Developments
|
Topic |
#* |
Most Recent
Headline |
Date |
|
New Business / Unit / Subsidiary |
2 |
National Bank Ltd Opens Lauhajong Branch-The Financial Express (Bangladesh) |
29-Dec-2011 |
|
* number of significant developments within the last 12 months |
|
||
News
|
Title |
Date |
|
Update: Chinese manufacturing PMI picks up
in October |
1-Nov-2012 |
|
2nd LD-Writethru-China Focus: Chinese
manufacturing picks up in October |
1-Nov-2012 |
|
Bangladeshi terrorism suspect arrested in
US innocent, says father |
18-Oct-2012 |
|
3rd LD-Writethru-China Focus: China's
inflation eases to 1.9 pct in Sept. |
15-Oct-2012 |
|
Wells Fargo Names Christopher Lewis Head
of Global Trade Services |
4-Oct-2012 |
Financial Summary
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Stock Snapshot
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Traded: Dhaka Stock Exchange: NBL |
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As of 1-Nov-2012 Financials in: BDT |
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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
18, Dilkusha Commercial Area
Dhaka, 1000
Bangladesh
Tel: 880-2-9563081
Fax: 880-2-9669404
Quote Symbol -
Exchange
NBL - Dhaka Stock Exchange
Sales BDT(mil): 13,069.5
Assets BDT(mil): 168,555.5
Employees: 3,758
Fiscal Year End: 31-Dec-2011
Industry: Commercial
Banks
Incorporation Date: 1983
Company Type: Public
Parent
Quoted Status: Quoted
Board Member: Zainul Haque
Sikder
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
UK SIC 2007:
64191 - Banks
Business
Description
National Bank Limited (NBL) is a private commercial bank. It provides
range of products and services, which includes deposit products, credit
products and cards. The deposit products consist of savings deposit, current
deposit, term deposit, foreign currency deposit and NBL monthly savings scheme.
The credit products include overdraft, lease financing, house building, small
medium enterprise, consumer credit scheme and trade finance. The card consists
of credit card and NBL power card. The term deposit consists of short term
deposit and fixed deposit. NBL offers overdraft facility for corporate
customers and consumer credit facility for retail customers. NBL credit card
has range of merchants, which include hotels, restaurants, airlines and travel
agents, shopping malls and departmental stores, hospitals and diagnostic
centers, jewelers, electronics, and computer shops. As of December 31, 2009,
NBL had 130 branches and 15 small and medium enterprises/agri branches across
Bangladesh. For the six months ended 30 June 2012, National Bank Ltd interest income
increased 44% to BDT9.29B. Net interest income after loan loss provision
increased 9% to BDT2.53B. Net income decreased 57% to BDT1.39B. Net interest
income after loan loss provision reflects increase in interest earning assets
and decrease in interest bearing liabilities. Net income was offset by Interest
paid on deposits & borrowings increase of 71% to BDT6.76B (expense).
More Business
Descriptions
· Commercial banking
· Commercial Banking Services
· Commercial Banking
Brand/ Trade Name
NBL
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Executive report
Board of Directors
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Board Member |
Chairman |
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Managing Director |
Director/Board Member |
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Board Member |
Director/Board Member |
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Board Member |
Director/Board Member |
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Director |
Director/Board Member |
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Board Member |
Director/Board Member |
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Board Member |
Director/Board Member |
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Deputy Managing Director |
Director/Board Member |
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Director |
Director/Board Member |
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Board Member |
Director/Board Member |
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Director |
Director/Board Member |
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Board Member |
Director/Board Member |
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Board Member |
Director/Board Member |
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Board Member |
Director/Board Member |
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Board Member |
Director/Board Member |
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Board Member |
Director/Board Member |
Executives
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Deputy Managing Director-International Division |
Division Head Executive |
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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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Deputy Managing Director |
Managing Director |
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Deputy Managing Director |
Managing Director |
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Executive VP & Head-Treasury |
Treasurer |
Significant Developments
National Bank Ltd
Opens Lauhajong Branch-The Financial Express (Bangladesh)
Dec 29, 2011
The Financial Express (Bangladesh) reported that the Branch of National Bank Limited
was inaugurated at Lauhajong in Munshigonj.
National Bank Ltd
Opens Madhobdi Branch-The New Nation (Bangladesh)
Nov 23, 2011
The New Nation (Bangladesh) reported that the branch of National Bank Ltd (NBL)
has been inaugurated at Madhobdi in Narshingdi.
News
|
|
|
|
|
|
Update: Chinese manufacturing PMI picks up
in October |
01-Nov-2012 |
|
|
2nd LD-Writethru-China Focus: Chinese
manufacturing picks up in October |
01-Nov-2012 |
|
|
Bangladeshi terrorism suspect arrested in
US innocent, says father |
18-Oct-2012 |
|
|
3rd LD-Writethru-China Focus: China's
inflation eases to 1.9 pct in Sept. |
15-Oct-2012 |
|
|
Wells Fargo Names Christopher Lewis Head
of Global Trade Services |
04-Oct-2012 |
|
|
China's manufacturing contracts again but
at a smaller rate |
04-Oct-2012 |
|
|
Lewis to head global trade services at
Wells Fargo |
03-Oct-2012 |
|
|
3rd LD Writethru-China Focus: China's
manufacturing contracts again but at a smaller rate |
01-Oct-2012 |
|
|
Media Release: Serco |
10-Sep-2012 |
|
|
3rd LD-Writethru-China Focus: China's
exports remain weak amid global downturn |
10-Sep-2012 |
Articles
|
Governor Dimitar Bogov says that the banks should increase
the crediting after the National Bank limited the trade with treasury bills Macedonian Electronic Media
Digest (26 Words) (1 Page) |
10-May-2012 |
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 |
Reclassified
Normal |
Restated Normal |
Restated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate (Period Average) |
74.041708 |
69.60265 |
69.026932 |
68.582616 |
68.868552 |
|
Auditor |
Howladar Yunus &
Co. |
Howladar Yunus &
Co. |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Interest
& Fees on Loans |
195.5 |
138.2 |
101.5 |
84.4 |
62.3 |
|
Interest Income,
Bank |
195.5 |
138.2 |
101.5 |
84.4 |
62.3 |
|
Interest
on Deposit |
124.1 |
78.7 |
65.1 |
52.4 |
41.1 |
|
Total Interest
Expense |
124.1 |
78.7 |
65.1 |
52.4 |
41.1 |
|
Net Interest Income |
71.4 |
59.5 |
36.5 |
32.0 |
21.1 |
|
|
|
|
|
|
|
|
Loan Loss Provision |
4.5 |
1.9 |
2.9 |
4.3 |
2.6 |
|
Net Interest Income
after Loan Loss Provision |
66.9 |
57.6 |
33.6 |
27.7 |
18.5 |
|
|
|
|
|
|
|
|
Commissions
& Fees from Securities Activities |
28.3 |
23.0 |
21.7 |
22.4 |
18.3 |
|
Investment
Securities Gains |
45.0 |
87.9 |
25.8 |
13.7 |
16.1 |
|
Other
Unusual Income |
0.0 |
0.0 |
- |
- |
- |
|
Other
Revenue |
12.3 |
17.4 |
11.0 |
9.6 |
7.7 |
|
Non-Interest Income,
Bank |
105.1 |
128.6 |
58.4 |
45.7 |
42.2 |
|
Labor
& Related Expenses |
-28.2 |
-29.1 |
-22.3 |
-17.7 |
-15.7 |
|
Depreciation
Expense |
-3.2 |
-2.5 |
- |
- |
- |
|
Other
Expense |
-13.0 |
-27.8 |
-23.1 |
-14.2 |
-15.4 |
|
Non-Interest
Expense, Bank |
-44.4 |
-59.5 |
-45.5 |
-32.0 |
-31.1 |
|
Income Before Tax |
127.6 |
126.8 |
46.5 |
41.4 |
29.6 |
|
|
|
|
|
|
|
|
Total Income Tax |
45.1 |
28.0 |
16.3 |
19.1 |
11.6 |
|
Income After Tax |
82.5 |
98.7 |
30.2 |
22.2 |
18.0 |
|
|
|
|
|
|
|
|
Minority
Interest |
0.0 |
0.0 |
- |
- |
- |
|
Net Income Before
Extraord Items |
82.5 |
98.7 |
30.2 |
22.2 |
18.0 |
|
Net Income |
82.5 |
98.7 |
30.2 |
22.2 |
18.0 |
|
|
|
|
|
|
|
|
Miscellaneous
Earnings Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Total Adjustments to
Net Income |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Income Available to
Common Excl Extraord Items |
82.6 |
98.7 |
30.2 |
22.2 |
18.0 |
|
|
|
|
|
|
|
|
Income Available to
Common Incl Extraord Items |
82.6 |
98.7 |
30.2 |
22.2 |
18.0 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted
Average Shares |
1,419.6 |
1,419.6 |
1,419.6 |
1,419.6 |
1,419.6 |
|
Basic EPS Excl Extraord
Items |
0.06 |
0.07 |
0.02 |
0.02 |
0.01 |
|
Basic/Primary EPS Incl
Extraord Items |
0.06 |
0.07 |
0.02 |
0.02 |
0.01 |
|
Diluted Net Income |
82.6 |
98.7 |
30.2 |
22.2 |
18.0 |
|
Diluted Weighted
Average Shares |
1,419.6 |
1,419.6 |
1,419.6 |
1,419.6 |
1,419.6 |
|
Diluted EPS Excl
Extraord Items |
0.06 |
0.07 |
0.02 |
0.02 |
0.01 |
|
Diluted EPS Incl
Extraord Items |
0.06 |
0.07 |
0.02 |
0.02 |
0.01 |
|
Dividends per Share -
Common Stock Primary Issue |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common
Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Depreciation,
Supplemental |
3.2 |
2.5 |
- |
- |
- |
|
Total Special Items |
-19.5 |
-0.3 |
- |
- |
- |
|
Normalized Income
Before Tax |
108.1 |
126.5 |
46.5 |
41.4 |
29.6 |
|
|
|
|
|
|
|
|
Effect of Special Items
on Income Taxes |
-6.9 |
-0.1 |
- |
- |
- |
|
Inc Tax Ex Impact of Sp
Items |
38.2 |
28.0 |
16.3 |
19.1 |
11.6 |
|
Normalized Income
After Tax |
69.9 |
98.5 |
30.2 |
22.2 |
18.0 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail
to Com. |
69.9 |
98.5 |
30.2 |
22.2 |
18.0 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.05 |
0.07 |
0.02 |
0.02 |
0.01 |
|
Diluted Normalized EPS |
0.05 |
0.07 |
0.02 |
0.02 |
0.01 |
|
Rental Expenses |
2.7 |
2.2 |
- |
- |
- |
|
Bank Total Revenue |
176.5 |
188.1 |
94.9 |
77.6 |
63.3 |
|
Current
Tax - Domestic |
45.0 |
27.6 |
16.7 |
19.1 |
11.6 |
|
Current Tax - Total |
45.0 |
27.6 |
16.7 |
19.1 |
11.6 |
|
Deferred
Tax - Domestic |
0.1 |
0.4 |
-0.3 |
0.0 |
0.0 |
|
Deferred Tax - Total |
0.1 |
0.4 |
-0.3 |
0.0 |
0.0 |
|
Income Tax - Total |
45.1 |
28.0 |
16.3 |
19.1 |
11.6 |
|
Other Pension, Net -
Domestic |
0.4 |
1.0 |
- |
- |
- |
|
Domestic Pension Plan
Expense |
0.4 |
1.0 |
- |
- |
- |
|
Defined Contribution Expense
- Domestic |
0.8 |
0.8 |
- |
- |
- |
|
Total Pension Expense |
1.3 |
1.8 |
- |
- |
- |
|
Total Plan Other
Expense |
0.4 |
1.0 |
- |
- |
- |
Annual Balance Sheet
|
Financials in: USD (mil) |
|
Financial Glossary |
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Restated Normal |
Reclassified
Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate |
81.83 |
70.475 |
69.26 |
68.91 |
69.555 |
|
Auditor |
Howladar Yunus &
Co. |
Howladar Yunus &
Co. |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Due from
Banks |
187.1 |
171.6 |
133.3 |
96.2 |
113.4 |
|
Fed
Funds Sold/Securities Purch Under Resale Agrmnt |
8.8 |
1.4 |
19.6 |
44.8 |
23.1 |
|
Other
Short Term Investments |
65.3 |
84.9 |
51.0 |
51.5 |
48.0 |
|
Total
Investment Securities |
366.5 |
354.1 |
177.4 |
132.7 |
111.4 |
|
Other Earning
Assets, Total |
440.6 |
440.4 |
248.0 |
229.0 |
182.5 |
|
Net Loans |
1,353.0 |
1,220.6 |
889.4 |
683.8 |
476.4 |
|
Buildings |
9.1 |
7.6 |
- |
- |
- |
|
Land/Improvements |
7.0 |
15.9 |
- |
- |
- |
|
Machinery/Equipment |
21.1 |
20.3 |
- |
- |
- |
|
Other
Property/Plant/Equipment |
0.3 |
0.2 |
- |
- |
- |
|
Property/Plant/Equipment
- Gross |
37.4 |
44.0 |
- |
- |
- |
|
Accumulated
Depreciation |
-13.2 |
-12.2 |
- |
- |
- |
|
Property/Plant/Equipment
- Net |
24.2 |
31.8 |
26.4 |
23.1 |
26.5 |
|
Other
Assets |
54.9 |
47.6 |
30.7 |
16.2 |
13.9 |
|
Other Assets, Total |
54.9 |
47.6 |
30.7 |
16.2 |
13.9 |
|
Total Assets |
2,059.8 |
1,912.0 |
1,327.8 |
1,048.1 |
812.8 |
|
|
|
|
|
|
|
|
Accounts Payable |
24.7 |
30.3 |
18.6 |
18.0 |
19.3 |
|
Non-Interest
Bearing Deposits |
196.0 |
200.4 |
150.1 |
127.6 |
118.6 |
|
Interest
Bearing Deposits |
1,337.2 |
1,223.3 |
940.7 |
728.0 |
551.7 |
|
Other
Deposits |
- |
- |
-0.1 |
-0.1 |
0.0 |
|
Total Deposits |
1,533.1 |
1,423.8 |
1,090.8 |
855.5 |
670.2 |
|
Other
Short Term Borrowings |
30.6 |
35.5 |
0.0 |
- |
- |
|
Total Short Term
Borrowings |
101.9 |
93.7 |
20.1 |
18.2 |
9.9 |
|
Current Portion - Long
Term Debt/Capital Leases |
0.4 |
0.0 |
- |
- |
- |
|
Dividends
Payable |
0.1 |
0.1 |
- |
- |
- |
|
Income
Taxes Payable |
35.7 |
19.5 |
- |
- |
- |
|
Other Current
liabilities, Total |
35.8 |
19.6 |
- |
- |
- |
|
Total Long Term Debt |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Debt |
102.3 |
93.7 |
20.1 |
18.2 |
9.9 |
|
|
|
|
|
|
|
|
Deferred
Income Tax - LT Liability |
0.3 |
0.3 |
- |
- |
- |
|
Deferred Income Tax |
0.3 |
0.3 |
- |
- |
- |
|
Minority Interest |
0.0 |
0.0 |
- |
- |
- |
|
Other
Liabilities |
100.1 |
73.1 |
69.6 |
67.5 |
47.7 |
|
Other Liabilities,
Total |
100.1 |
73.1 |
69.6 |
67.5 |
47.7 |
|
Total Liabilities |
1,796.3 |
1,640.7 |
1,199.1 |
959.2 |
747.1 |
|
|
|
|
|
|
|
|
Common
Stock |
105.1 |
62.6 |
41.5 |
27.4 |
17.6 |
|
Common Stock |
105.1 |
62.6 |
41.5 |
27.4 |
17.6 |
|
Retained Earnings
(Accumulated Deficit) |
158.4 |
208.7 |
87.7 |
61.8 |
48.3 |
|
Other
Equity |
- |
- |
-0.4 |
-0.2 |
-0.2 |
|
Other Equity, Total |
- |
- |
-0.4 |
-0.2 |
-0.2 |
|
Total Equity |
263.5 |
271.3 |
128.8 |
89.0 |
65.7 |
|
|
|
|
|
|
|
|
Total Liabilities
& Shareholders’ Equity |
2,059.8 |
1,912.0 |
1,327.8 |
1,048.1 |
812.8 |
|
|
|
|
|
|
|
|
Shares
Outstanding - Common Stock Primary Issue |
1,419.6 |
1,419.6 |
1,419.6 |
1,419.6 |
1,419.6 |
|
Total Common Shares
Outstanding |
1,419.6 |
1,419.6 |
1,419.6 |
1,419.6 |
1,419.6 |
|
Employees |
3,758 |
- |
- |
- |
- |
|
Number of Common
Shareholders |
72,374 |
- |
- |
- |
- |
|
Tier 1 Capital % |
10.32% |
9.10% |
- |
- |
- |
|
Total Capital % |
12.65% |
12.29% |
- |
- |
- |
|
Total Long Term Debt,
Supplemental |
71.4 |
58.2 |
- |
- |
- |
|
Long Term Debt Maturing
within 1 Year |
71.4 |
58.2 |
- |
- |
- |
|
Long Term Debt Matur.
in Year 6 & Beyond |
0.0 |
0.0 |
- |
- |
- |
Financial health
|
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.56.74 |
|
UK Pound |
1 |
Rs.88.53 |
|
Euro |
1 |
Rs.75.20 |
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.