MIRA INFORM REPORT
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Report Date : |
27.06.2013 |
IDENTIFICATION DETAILS
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Name : |
ISLAMI BANK BANGLADESH LIMITED |
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Registered Office : |
Islami Bank Tower, Islami Bank Tower 40, Dilkusha C/A ( 9th floor ), GPO Box No.23, 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 : |
13.03.1993 |
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Legal Form : |
Public Independent Company |
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Line of Business : |
Subject is a banking Company |
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No. of Employees : |
10068 |
RATING & COMMENTS
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MIRAs 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 : |
Satisfactory |
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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 March 31st 2013
|
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
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.
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Source : CIA |
Company name & address
Islami Bank Bangladesh Limited
Islami Bank Tower, Islami Bank Tower 40
Dilkusha C/A ( 9th floor )
GPO Box No.23
Dhaka, 1000
Bangladesh
Tel: 880-2-9563040
Fax: 880-2-9564532
Web: www.islamibankbd.com
Branch Office
Chapai Nawabgonj Branch, Godagari Road, Chapai Nawabganj
Chapinawabganj 6300, Bangladesh
7-8, Rail Road, Jessore, Bangladesh
Synthesis
Employees: 10,068
Company Type: Public Independent
Traded: Dhaka
Stock Exchange: ISLAMIBANK
Incorporation Date:
13-Mar-1993
Auditor: ACNABIN
Financials in: USD
(Millions)
Fiscal Year End: 31-Dec-2011
Reporting Currency:
Bangladesh Taka
Annual Sales: 271.8
1
Net Income: 62.5
Total Assets:
4,758.3 2
Market Value: 661.9
(14-Mar-2013)
Business Description
Islami Bank Bangladesh Limited is a banking Company. The Company conducts its business on the Shari’ah principles of Mudaraba, Musharaka, Bai-Murabaha, Bai-Muajjal, Hire Purchase under Shirkatul Melk, Bai-Salam and Bai-as-Sarf. There is a Shari‘ah Supervisory Committee in the Bank who ensures that the activities of the Company are being conducted on the precepts of Islam. As of December 31, 2010, the Bank carried out its business activities through its 12 zonal offices, 221 branches and 30 small and medium-sized enterprise (SME)/agriculture branches (total 251 branches) in Bangladesh. Its deposits include Al-Wadeeah Current Account, Mudaraba Savings Account, Mudaraba Term Deposit Receipt, Mudaraba Special Notice Account, Mudaraba Special Savings (Pension) Account and Mudaraba Hajj Savings Account. It investment modes include Bai- Muajjal, Bai-Murabaha and Hire Purchase under Shirkatul Meelk. For the nine months ended 30 September 2012, Islami Bank Bangladesh Limited interest income increased 39% to BDT32.09B. Net interest income after loan loss provision increased 28% to BDT11.35B. Net income increased 9% to BDT5.05B. Net interest income after loan loss provision reflects increase in interest earning assets and decrease in interest bearing liabilities.
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: 6021 - National
Commercial Banks
Key Executives
|
Name |
Title |
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Mohammad Abdul Mannan |
Managing Director, Director |
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Mohammad Nesar Uddin |
Chief Financial Officer and Executive Vice President |
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Muhammad Abul Bashar |
Deputy Managing Director |
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Abdus Sadeque Bhuiyan |
Executive Vice President |
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Abu Nasser Muhammad Abduz Zaher |
Chairman of the Board - Representative of Ibn Sina Pharmaceuticals
Ltd. |
Significant Developments
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* number of significant developments within the last 12 months
Financial Summary
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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
Islami Bank Tower, Islami Bank Tower 40
Dilkusha C/A ( 9th floor )
GPO Box No.23
Dhaka, 1000
Bangladesh
Tel: 880-2-9563040
Fax: 880-2-9564532
Web: www.islamibankbd.com
Quote Symbol - Exchange
ISLAMIBANK - Dhaka
Stock Exchange
Sales BDT(mil): 20,123.4
Assets BDT(mil): 389,375.6
Employees: 10,068
Fiscal Year End: 31-Dec-2011
KeyIDSM: 42435809
Industry: Commercial
Banks
Incorporation Date: 13-Mar-1993
Company Type: Public
Independent
Quoted Status: Quoted
Chairman of the
Board - Representative of Ibn Sina Pharmaceuticals Ltd.:
Abu Nasser Muhammad Abduz Zaher
Industry Codes
ANZSIC 2006 Codes:
6221 - Banking
NACE 2002 Codes:
6512 - Other monetary intermediation
NAICS 2002 Codes:
52211 - Commercial Banking
US SIC 1987:
6021 - National Commercial Banks
UK SIC 2003:
65121 - Banks
UK SIC 2007:
64191 - Banks
Business
Description
Islami Bank Bangladesh Limited is a banking Company. The Company conducts its business on the Shari’ah principles of Mudaraba, Musharaka, Bai-Murabaha, Bai-Muajjal, Hire Purchase under Shirkatul Melk, Bai-Salam and Bai-as-Sarf. There is a Shari‘ah Supervisory Committee in the Bank who ensures that the activities of the Company are being conducted on the precepts of Islam. As of December 31, 2010, the Bank carried out its business activities through its 12 zonal offices, 221 branches and 30 small and medium-sized enterprise (SME)/agriculture branches (total 251 branches) in Bangladesh. Its deposits include Al-Wadeeah Current Account, Mudaraba Savings Account, Mudaraba Term Deposit Receipt, Mudaraba Special Notice Account, Mudaraba Special Savings (Pension) Account and Mudaraba Hajj Savings Account. It investment modes include Bai- Muajjal, Bai-Murabaha and Hire Purchase under Shirkatul Meelk. For the nine months ended 30 September 2012, Islami Bank Bangladesh Limited interest income increased 39% to BDT32.09B. Net interest income after loan loss provision increased 28% to BDT11.35B. Net income increased 9% to BDT5.05B. Net interest income after loan loss provision reflects increase in interest earning assets and decrease in interest bearing liabilities.
More Business
Descriptions
Provision of interest-free commercial banking services based on Islamic
Shariah law
Commercial Banking Services
Islami Bank
Bangladesh Limited (Islami Bank) is a banking firm. The bank provides a wide
range of financial products and services to individual customers, corporate
customers, government, small and medium enterprises and institution. Its
product portfolio includes investment modes, deposit, rural development and
special schemes. Islami Bank also offers foreign exchange and small and medium
enterprises (SMEs) services. The bank serves to customers in Southeast Asia.
The bank’s main activities include maintaining deposit accounts, make
investments, conduct foreign exchange business, extend other banking services,
and to conduct social welfare activities through Islami Bank Foundation. It
offers various deposit schemes namely Al-Wadeeah Current Account, Mudaraba
Savings Account, Mudaraba Special Notice Account, Mudaraba Term Deposit Receipt
,Mudaraba Special Savings (Pension) Account, Mudaraba Hajj Savings Account,
Mudaraba Savings Bond Scheme, Mudaraba Foreign Currency Deposit Scheme
(Savings), Mudaraba Waqf Cash Deposit Account, Mudaraba Monthly Profit Deposit
Scheme and Mudaraba Muhor Savings Deposit Scheme. The investment services
offered by Islami Bank include Bai- Muajjal, Bai- Murabaha, Hire purchase under
Shirkatul Meelk, Mudarabah, Musharaka, Bai- Salam and Equity and
entrepreneurship Fund of Bangladesh Bank. The bank also offers various special
schemes such as housing investment scheme, mirpur silk weavers investment
scheme, real estate investment program, micro industries investment scheme, car
investment scheme, transport investment program, small business investment
scheme, agriculture implements investment scheme, investment scheme for
doctors, micro industries investment scheme, mirpur silk weavers investment
scheme and household durable scheme. It has the rural development scheme which
offers investment facilities to rural housing, agricultural, other farming and
off-farming activities in the rural areas. Islami Bank offers finance for
self-employment, educational services, safe drinking water, sanitation and
medicare facilities and income generating activities. The bank also offers
finance for the investment needs of agriculture and rural sector; and automated
teller machine services. It also provides locker and inter-bank financial
telecommunication services and also offers foreign exchange services. The
foreign exchange business of Islami Bank offers remittance arrangements and NBR
services.There is a Shariah Council in the Bank which ensures that the
activities of the Bank are being conducted on the precepts of Islam. It
operates through 12 zonal offices, 221 branches, and 30 SME/agriculture
branches. It was reported on June 2012 that Islami Bank has launched inward
remittance transfer services linking millions of expatriates, living and
working in over 200 countries and territories, to the bank's 269 branches
across the country.
Islami Bank
Bangladesh Limited (Islami Bank) is a commercial banking services provider,
based in Bangladesh. The company provides investment options, deposit, rural
development and special schemes. Its products include current account, savings
account, term deposit account, special notice account, special savings
(pension) account, savings bond, monthly profit deposit account, cash deposit account,
savings bond account, farmers savings account, and investment. Islami Bank
provides finance for the purchase of household durables, houses, real estate
properties, transportation vehicles, cars, and agricultural implements. The
company offers NRB services, SME service, foreign exchange, locker service, and
offshore banking services. It provides its services through its branches and
ATMs. The company has 276 branches. Islami Bank is headquartered in Dhaka,
Bangladesh.The bank reported interest income of (Bangladeshi Taka) BDT
32,019.53 million during the fiscal year ended December 2011, an increase of
29.29% over 2010. The net interest income after loan loss provision of the bank
was BDT 10,944.92 million during the fiscal year 2011, an increase of 19.23%
over 2010. The net profit of the bank was BDT 4,624.60 million during the
fiscal year 2011, an increase of 3.10% over 2010.
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Competitors Report
Company Name Location Employees Ownership
Bangladesh
Bank Dhaka,
Bangladesh 4,926 Private
Executive report
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Board of
Directors |
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Chairman of the Board - Representative of Ibn Sina Pharmaceuticals
Ltd. |
Chairman |
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Vice Chairman of the Board - Representative of Al-Rajhi Co. for
Industry & Trade, Riyadh, K.S.A. |
Vice-Chairman |
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Vice Chairman of the Board |
Vice-Chairman |
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Director |
Director/Board Member |
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Director - Representative of Kuwait Awqaf Public Foundation |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Depositor Director |
Director/Board Member |
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Independent Director |
Director/Board Member |
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Director - Representative of ICB Asset Management Co. Ltd. |
Director/Board Member |
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Independent Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Managing Director, Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director - Representative of Islamic Development Bank |
Director/Board Member |
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Director |
Director/Board Member |
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Depositor Director |
Director/Board Member |
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Independent Director |
Director/Board Member |
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Executives |
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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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Managing Director, Director |
Managing Director |
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Deputy Managing Director |
Managing Director |
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Chief Financial Officer and Executive Vice President |
Finance Executive |
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Executive Vice President |
Other |
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Director Sponsor |
Other |
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Director |
Other |
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Significant Developments
Islami Bank Bangladesh Ltd Recommends Cash Dividend Mar 31, 2013
Islami Bank Bangladesh Ltd announced that the Board of Directors has recommended cash dividend at 8% (i.e. BDT0.80 per share of BDT10.00 each) and stock dividend at 17% for the year ended on December 31, 2012. Record date on April 11, 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 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
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UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Restated Normal |
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Filed Currency |
BDT |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate (Period
Average) |
74.041708 |
69.60265 |
69.026932 |
68.582616 |
68.868552 |
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Auditor |
ACNABIN |
ACNABIN |
Howladar Yunus
& Co. |
Howladar Yunus
& Co. |
Howladar Yunus
& Co. |
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Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
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Interest & Dividends on Investment
Securities |
10.6 |
5.4 |
1.3 |
0.8 |
0.7 |
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Other Interest Income |
421.9 |
350.4 |
308.3 |
284.2 |
210.9 |
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Interest Income, Bank |
432.5 |
355.8 |
309.6 |
285.0 |
211.6 |
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Interest on Deposit |
248.5 |
207.9 |
189.4 |
177.3 |
136.6 |
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Total Interest Expense |
248.5 |
207.9 |
189.4 |
177.3 |
136.6 |
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Net Interest Income |
183.9 |
147.9 |
120.1 |
107.6 |
74.9 |
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Loan Loss Provision |
36.1 |
16.0 |
18.3 |
16.5 |
20.1 |
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Net Interest Income after Loan Loss Provision |
147.8 |
131.9 |
101.8 |
91.1 |
54.9 |
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Commissions & Fees from Securities Activities |
71.5 |
57.4 |
49.8 |
48.7 |
37.4 |
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Fees for Other Customer Services |
0.3 |
0.4 |
0.2 |
0.2 |
0.1 |
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Investment Securities Gains |
4.5 |
7.0 |
1.7 |
6.0 |
4.1 |
|
Other Unusual Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Other Revenue |
10.5 |
9.2 |
3.8 |
3.6 |
2.7 |
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Non-Interest Income, Bank |
87.9 |
77.8 |
58.4 |
61.4 |
45.4 |
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Labor & Related Expenses |
-63.2 |
-61.8 |
-45.6 |
-41.6 |
-29.5 |
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Depreciation Expense |
-5.5 |
-5.0 |
-4.0 |
-3.3 |
-2.6 |
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Other Unusual Expense |
0.0 |
0.0 |
- |
- |
- |
|
Other Expense |
-29.8 |
-20.9 |
-16.2 |
-15.2 |
-13.3 |
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Non-Interest Expense, Bank |
-98.5 |
-87.7 |
-65.9 |
-60.0 |
-45.4 |
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Income Before Tax |
137.2 |
122.0 |
94.4 |
92.6 |
54.9 |
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Total Income Tax |
74.7 |
57.5 |
45.1 |
53.6 |
34.2 |
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Income After Tax |
62.5 |
64.4 |
49.3 |
39.0 |
20.7 |
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Minority Interest |
0.0 |
0.0 |
0.0 |
- |
- |
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Net Income Before Extraord Items |
62.5 |
64.4 |
49.3 |
39.0 |
20.7 |
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Net Income |
62.5 |
64.4 |
49.3 |
39.0 |
20.7 |
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Income Available to Common Excl Extraord Items |
62.5 |
64.4 |
49.3 |
39.0 |
20.7 |
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Income Available to Common Incl Extraord Items |
62.5 |
64.4 |
49.3 |
39.0 |
20.7 |
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Basic/Primary Weighted Average Shares |
1,251.0 |
1,251.0 |
926.6 |
772.2 |
594.0 |
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Basic EPS Excl Extraord Items |
0.05 |
0.05 |
0.05 |
0.05 |
0.03 |
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Basic/Primary EPS Incl Extraord Items |
0.05 |
0.05 |
0.05 |
0.05 |
0.03 |
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Diluted Net Income |
62.5 |
64.4 |
49.3 |
39.0 |
20.7 |
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Diluted Weighted Average Shares |
1,251.0 |
1,251.0 |
926.6 |
772.2 |
594.0 |
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Diluted EPS Excl Extraord Items |
0.05 |
0.05 |
0.05 |
0.05 |
0.03 |
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Diluted EPS Incl Extraord Items |
0.05 |
0.05 |
0.05 |
0.05 |
0.03 |
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Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
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Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Depreciation, Supplemental |
5.5 |
5.0 |
4.0 |
3.3 |
2.6 |
|
Total Special Items |
-1.1 |
-3.7 |
-3.0 |
-2.9 |
-1.0 |
|
Normalized Income Before Tax |
136.1 |
118.2 |
91.5 |
89.6 |
53.9 |
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Effect of Special Items on Income Taxes |
-0.6 |
-1.8 |
-1.4 |
-1.7 |
-0.4 |
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Inc Tax Ex Impact of Sp Items |
74.2 |
55.8 |
43.7 |
51.9 |
33.8 |
|
Normalized Income After Tax |
62.0 |
62.5 |
47.8 |
37.8 |
20.1 |
|
|
|
|
|
|
|
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Normalized Inc. Avail to Com. |
62.0 |
62.5 |
47.8 |
37.8 |
20.1 |
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Basic Normalized EPS |
0.05 |
0.05 |
0.05 |
0.05 |
0.03 |
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Diluted Normalized EPS |
0.05 |
0.05 |
0.05 |
0.05 |
0.03 |
|
Rental Expenses |
2.5 |
2.1 |
1.5 |
- |
- |
|
Advertising Expense, Supplemental |
1.0 |
0.9 |
0.4 |
0.6 |
0.4 |
|
Research & Development Exp, Supplemental |
6.3 |
1.9 |
- |
- |
- |
|
Bank Total Revenue |
271.8 |
225.7 |
178.6 |
169.1 |
120.4 |
|
Current Tax - Domestic |
74.3 |
57.6 |
44.7 |
53.2 |
24.7 |
|
Current Tax - Total |
74.3 |
57.6 |
44.7 |
53.2 |
24.7 |
|
Deferred Tax - Domestic |
0.4 |
0.0 |
0.4 |
0.4 |
0.5 |
|
Deferred Tax - Total |
0.4 |
0.0 |
0.4 |
0.4 |
0.5 |
|
Income Tax - Total |
74.7 |
57.5 |
45.1 |
53.6 |
25.1 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Restated Normal |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate |
81.83 |
70.475 |
69.26 |
68.91 |
69.555 |
|
Auditor |
ACNABIN |
ACNABIN |
Howladar Yunus
& Co. |
Howladar Yunus
& Co. |
Howladar Yunus
& Co. |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Due from Banks |
896.2 |
846.2 |
812.9 |
645.6 |
596.0 |
|
Interest-earning Deposits |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Total Investment Securities |
3,736.9 |
3,713.7 |
3,098.7 |
2,612.9 |
2,083.5 |
|
Other Earning Assets, Total |
3,737.0 |
3,713.9 |
3,098.8 |
2,613.0 |
2,083.6 |
|
Buildings |
46.8 |
51.3 |
50.3 |
33.1 |
29.6 |
|
Land/Improvements |
29.9 |
34.8 |
35.3 |
22.8 |
21.0 |
|
Machinery/Equipment |
32.4 |
30.6 |
25.8 |
22.2 |
17.6 |
|
Construction in
Progress |
1.1 |
1.0 |
0.6 |
0.5 |
1.0 |
|
Other
Property/Plant/Equipment |
0.2 |
0.2 |
0.0 |
0.0 |
0.0 |
|
Property/Plant/Equipment - Gross |
110.3 |
117.9 |
112.0 |
78.7 |
69.1 |
|
Accumulated Depreciation |
-23.4 |
-22.0 |
-18.0 |
-14.7 |
-11.8 |
|
Property/Plant/Equipment - Net |
86.9 |
95.9 |
94.0 |
64.0 |
57.3 |
|
Other Assets |
38.2 |
37.7 |
12.5 |
27.9 |
14.3 |
|
Other Assets, Total |
38.2 |
37.7 |
12.5 |
27.9 |
14.3 |
|
Total Assets |
4,758.3 |
4,693.7 |
4,018.2 |
3,350.4 |
2,751.2 |
|
|
|
|
|
|
|
|
Accounts Payable |
35.0 |
42.3 |
36.8 |
33.5 |
25.4 |
|
Other Deposits |
472.4 |
503.7 |
343.6 |
300.8 |
275.5 |
|
Total Deposits |
4,142.6 |
4,100.1 |
3,490.4 |
2,899.5 |
2,365.9 |
|
Long Term Debt |
36.7 |
42.6 |
43.3 |
43.5 |
43.1 |
|
Total Long Term Debt |
36.7 |
42.6 |
43.3 |
43.5 |
43.1 |
|
Total Debt |
36.7 |
42.6 |
43.3 |
43.5 |
43.1 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
2.4 |
2.3 |
2.4 |
2.0 |
- |
|
Deferred Income Tax |
2.4 |
2.3 |
2.4 |
2.0 |
- |
|
Minority Interest |
0.0 |
0.0 |
0.0 |
- |
- |
|
Other Liabilities |
204.3 |
172.7 |
155.1 |
167.8 |
155.5 |
|
Other Liabilities, Total |
204.3 |
172.7 |
155.1 |
167.8 |
155.5 |
|
Total Liabilities |
4,420.9 |
4,360.0 |
3,727.9 |
3,146.4 |
2,589.9 |
|
|
|
|
|
|
|
|
Common Stock |
122.3 |
105.2 |
89.2 |
69.0 |
54.7 |
|
Common Stock |
122.3 |
105.2 |
89.2 |
69.0 |
54.7 |
|
Additional Paid-In Capital |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings (Accumulated Deficit) |
161.4 |
158.4 |
123.2 |
95.1 |
69.5 |
|
Unrealized Gain (Loss) |
53.8 |
70.0 |
77.8 |
39.9 |
37.1 |
|
Total Equity |
337.5 |
333.7 |
290.3 |
204.0 |
161.3 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
4,758.3 |
4,693.7 |
4,018.2 |
3,350.4 |
2,751.2 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
1,251.0 |
1,251.0 |
772.2 |
772.2 |
475.2 |
|
Total Common Shares Outstanding |
1,251.0 |
1,251.0 |
772.2 |
772.2 |
475.2 |
|
Number of Common Shareholders |
60,550 |
58,923 |
52,164 |
33,686 |
26,488 |
|
Total Capital % |
13.13% |
11.06% |
- |
- |
- |
|
Total Long Term Debt, Supplemental |
36.7 |
42.6 |
43.3 |
43.5 |
43.1 |
|
Long Term Debt Maturing within 1 Year |
- |
- |
0.0 |
0.0 |
0.0 |
|
Long Term Debt Maturing in Year 2 |
- |
- |
0.0 |
0.0 |
0.0 |
|
Long Term Debt Maturing in Year 3 |
- |
- |
0.0 |
0.0 |
0.0 |
|
Long Term Debt Maturing in Year 4 |
- |
- |
0.0 |
0.0 |
0.0 |
|
Long Term Debt Maturing in Year 5 |
- |
- |
0.0 |
0.0 |
0.0 |
|
Long Term Debt Maturing in 2-3 Years |
- |
- |
0.0 |
0.0 |
0.0 |
|
Long Term Debt Maturing in 4-5 Years |
- |
- |
0.0 |
0.0 |
0.0 |
|
Long Term Debt Matur. in Year 6 & Beyond |
36.7 |
42.6 |
43.3 |
43.5 |
43.1 |
Annual Cash Flows
Financials in: USD (mil)
|
|
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 |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Restated Normal |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate
(Period Average) |
74.041708 |
69.60265 |
69.026932 |
68.582616 |
68.868552 |
|
Auditor |
ACNABIN |
ACNABIN |
Howladar Yunus
& Co. |
Howladar Yunus
& Co. |
Howladar Yunus
& Co. |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash Receipts |
432.5 |
355.6 |
309.6 |
285.0 |
211.6 |
|
Cash Payments |
-3.2 |
-2.7 |
-2.2 |
-1.9 |
-1.7 |
|
Cash Taxes Paid |
-54.8 |
-46.3 |
-52.1 |
-34.8 |
-29.2 |
|
Other Assets |
-601.5 |
-720.6 |
-487.6 |
-522.9 |
-691.1 |
|
Other Liabilities |
660.3 |
668.6 |
583.0 |
477.7 |
503.9 |
|
Other Operating Cash Flow |
-231.4 |
-203.8 |
-183.6 |
-152.1 |
-128.7 |
|
Changes in Working Capital |
-172.6 |
-255.8 |
-88.2 |
-197.3 |
-315.8 |
|
Cash from Operating Activities |
201.9 |
50.8 |
167.1 |
51.0 |
-135.1 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-9.9 |
-8.2 |
-4.7 |
-9.2 |
-6.3 |
|
Capital Expenditures |
-9.9 |
-8.2 |
-4.7 |
-9.2 |
-6.3 |
|
Purchase of Investments |
-39.2 |
-18.6 |
-43.5 |
189.5 |
0.0 |
|
Other Investing Cash Flow Items, Total |
-39.2 |
-18.6 |
-43.5 |
189.5 |
0.0 |
|
Cash from Investing Activities |
-49.1 |
-26.8 |
-48.1 |
180.4 |
-6.3 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
0.0 |
-9.6 |
0.0 |
0.0 |
-7.5 |
|
Financing Cash Flow Items |
0.0 |
-9.6 |
0.0 |
0.0 |
-7.5 |
|
Sale/Issuance of
Common |
0.0 |
0.0 |
- |
- |
- |
|
Common Stock, Net |
0.0 |
0.0 |
- |
- |
- |
|
Issuance (Retirement) of Stock, Net |
0.0 |
0.0 |
- |
- |
- |
|
Long Term Debt Issued |
0.0 |
0.0 |
0.0 |
0.0 |
43.6 |
|
Long Term Debt, Net |
0.0 |
0.0 |
0.0 |
0.0 |
43.6 |
|
Issuance (Retirement) of Debt, Net |
0.0 |
0.0 |
0.0 |
0.0 |
43.6 |
|
Cash from Financing Activities |
0.0 |
-9.6 |
0.0 |
0.0 |
36.0 |
|
|
|
|
|
|
|
|
Net Change in Cash |
152.8 |
14.4 |
118.9 |
231.3 |
-105.4 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
623.5 |
648.9 |
535.3 |
538.8 |
411.6 |
|
Net Cash - Ending Balance |
776.4 |
663.3 |
654.3 |
658.5 |
306.2 |
|
Depreciation |
- |
- |
- |
3.3 |
2.6 |
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 |
Updated Normal |
Updated Normal |
Reclassified Normal |
Restated Normal |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate
(Period Average) |
74.041708 |
69.60265 |
69.026932 |
68.582616 |
68.868552 |
|
Auditor |
ACNABIN |
ACNABIN |
Howladar Yunus
& Co. |
Howladar Yunus
& Co. |
Howladar Yunus
& Co. |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Income From General Investment |
421.9 |
350.4 |
308.3 |
284.2 |
210.9 |
|
Investment Income |
10.6 |
5.4 |
1.3 |
0.8 |
0.7 |
|
Total Revenue |
432.5 |
355.8 |
309.6 |
285.0 |
211.6 |
|
|
|
|
|
|
|
|
Profit Paid on Deposits |
248.5 |
207.9 |
189.4 |
177.3 |
136.6 |
|
Loan Loss Provisions |
36.1 |
16.0 |
18.3 |
16.5 |
20.1 |
|
Total Operating Expense |
284.6 |
223.9 |
207.7 |
193.8 |
156.7 |
|
|
|
|
|
|
|
|
Income From Investment In Shares/Securit |
4.5 |
7.0 |
1.7 |
6.0 |
4.1 |
|
Commission, Exchange & Brokerage |
71.5 |
57.4 |
49.8 |
48.7 |
37.4 |
|
Rent On Locker |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Telephone/Trunk Call Charge Recoevered |
0.2 |
0.4 |
0.6 |
0.5 |
0.5 |
|
Telex Charge Recovered |
- |
- |
- |
- |
0.0 |
|
P & T Charge Recovered |
0.8 |
0.8 |
0.8 |
0.8 |
0.6 |
|
Legal Expenses Recovered |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
E & TA Fees Recovered |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income from ATM & Swift |
1.8 |
1.5 |
1.1 |
1.0 |
0.8 |
|
Incidental Charges Recovered |
5.9 |
5.4 |
0.1 |
0.1 |
0.1 |
|
Service Charges Recovered |
0.3 |
0.4 |
0.2 |
0.1 |
0.1 |
|
Service Charges recovered: OBU |
0.0 |
0.0 |
- |
- |
- |
|
Rent On Premises Realised |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Sale Proceeds Of Tender Schedule |
0.0 |
0.0 |
0.1 |
0.0 |
0.0 |
|
Profit On Sale Of Bank's Car |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
W/O Investment Recovery |
1.0 |
3.7 |
2.9 |
2.8 |
0.9 |
|
Recruitment Fees Recovered |
0.0 |
0.2 |
0.3 |
0.1 |
0.2 |
|
MICR Cheque Charge Realised |
0.0 |
0.0 |
- |
- |
- |
|
Brokerage House Income |
- |
- |
- |
- |
0.0 |
|
Gain On Revaluation Of Securities |
- |
- |
- |
- |
0.0 |
|
Others |
1.7 |
0.7 |
0.8 |
1.0 |
0.5 |
|
Salary & Allowances |
-62.9 |
-61.6 |
-45.6 |
-41.3 |
-29.5 |
|
Rent, Taxes, Insurances, |
-6.8 |
-6.0 |
-1.5 |
-1.3 |
-0.9 |
|
Legal Expenses |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
|
Postage, Stamp, |
-1.3 |
-1.2 |
-0.5 |
-0.5 |
-0.4 |
|
Printing & Stationery |
-2.7 |
-2.1 |
-1.0 |
-0.7 |
-0.6 |
|
Chief Executive's Salary & Fees |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
0.0 |
|
Directors' Fees & Expenses |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Shariah Council's Meeting Fees & Expense |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Auditors' Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Insurance |
- |
- |
-2.1 |
-1.8 |
-1.4 |
|
Electricity & Lighting |
- |
- |
-1.3 |
-1.1 |
-0.9 |
|
Telegram |
- |
- |
- |
- |
0.0 |
|
Swift Charges |
- |
- |
-0.3 |
-0.2 |
-0.2 |
|
Telephone |
- |
- |
-0.4 |
-0.5 |
-0.6 |
|
Fax & Internet |
- |
- |
-0.1 |
-0.1 |
0.0 |
|
Stamps |
- |
- |
0.0 |
0.0 |
0.0 |
|
Paper & Table Stationery |
- |
- |
-0.2 |
-0.2 |
-0.2 |
|
Advertisement & Publicity |
- |
- |
-0.4 |
-0.6 |
-0.4 |
|
Bank Charges |
-0.3 |
-0.3 |
-0.2 |
-0.1 |
0.0 |
|
Staff Welfare |
-0.1 |
-0.1 |
0.0 |
-0.3 |
0.0 |
|
Recruitment Expenses |
-0.1 |
-0.1 |
- |
- |
- |
|
Loss on sale of Bank's Fixed Asset |
0.0 |
0.0 |
- |
- |
- |
|
Other Expenses |
-14.7 |
-7.6 |
-5.3 |
-5.7 |
-7.4 |
|
Depreciation and Repair of |
-5.5 |
-5.0 |
-4.0 |
-3.3 |
-2.6 |
|
Zakat Expenses |
-3.6 |
-3.2 |
-2.5 |
-1.9 |
- |
|
Gain On Revaluation Reserve Of Securitie |
- |
- |
- |
- |
0.0 |
|
Total Non-Interest Revenue |
87.9 |
77.8 |
58.4 |
61.4 |
45.4 |
|
|
|
|
|
|
|
|
Total Non-Interest Expense |
-98.5 |
-87.7 |
-65.9 |
-60.0 |
-45.4 |
|
|
|
|
|
|
|
|
Net Income Before Taxes |
137.2 |
122.0 |
94.4 |
92.6 |
54.9 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
74.7 |
57.5 |
45.1 |
53.6 |
34.2 |
|
Net Income After Taxes |
62.5 |
64.4 |
49.3 |
39.0 |
20.7 |
|
|
|
|
|
|
|
|
Minority Interest |
0.0 |
0.0 |
0.0 |
- |
- |
|
Net Income Before Extra. Items |
62.5 |
64.4 |
49.3 |
39.0 |
20.7 |
|
Net Income |
62.5 |
64.4 |
49.3 |
39.0 |
20.7 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
62.5 |
64.4 |
49.3 |
39.0 |
20.7 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
62.5 |
64.4 |
49.3 |
39.0 |
20.7 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
1,251.0 |
1,251.0 |
926.6 |
772.2 |
594.0 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.05 |
0.05 |
0.05 |
0.05 |
0.03 |
|
Basic EPS Including ExtraOrdinary Items |
0.05 |
0.05 |
0.05 |
0.05 |
0.03 |
|
Diluted Net Income |
62.5 |
64.4 |
49.3 |
39.0 |
20.7 |
|
Diluted Weighted Average Shares |
1,251.0 |
1,251.0 |
926.6 |
772.2 |
594.0 |
|
Diluted EPS Excluding ExtraOrd Items |
0.05 |
0.05 |
0.05 |
0.05 |
0.03 |
|
Diluted EPS Including ExtraOrd Items |
0.05 |
0.05 |
0.05 |
0.05 |
0.03 |
|
DPS-Common Stock |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
136.1 |
118.2 |
91.5 |
89.6 |
53.9 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
74.2 |
55.8 |
43.7 |
51.9 |
33.8 |
|
Normalized Income After Taxes |
62.0 |
62.5 |
47.8 |
37.8 |
20.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
62.0 |
62.5 |
47.8 |
37.8 |
20.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.05 |
0.05 |
0.05 |
0.05 |
0.03 |
|
Diluted Normalized EPS |
0.05 |
0.05 |
0.05 |
0.05 |
0.03 |
|
Depreciation, Supplemental |
5.5 |
5.0 |
4.0 |
3.3 |
2.6 |
|
Advertising Expense, Supplemental |
1.0 |
0.9 |
0.4 |
0.6 |
0.4 |
|
Rental Expense, Supplemental |
2.5 |
2.1 |
1.5 |
- |
- |
|
Research & Development Exp, Supplemental |
6.3 |
1.9 |
- |
- |
- |
|
Current Tax |
74.3 |
57.6 |
44.7 |
53.2 |
24.7 |
|
Current Tax - Total |
74.3 |
57.6 |
44.7 |
53.2 |
24.7 |
|
Deferred Tax |
0.4 |
0.0 |
0.4 |
0.4 |
0.5 |
|
Deferred Tax - Total |
0.4 |
0.0 |
0.4 |
0.4 |
0.5 |
|
Income Tax - Total |
74.7 |
57.5 |
45.1 |
53.6 |
25.1 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Restated Normal |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate |
81.83 |
70.475 |
69.26 |
68.91 |
69.555 |
|
Auditor |
ACNABIN |
ACNABIN |
Howladar Yunus
& Co. |
Howladar Yunus
& Co. |
Howladar Yunus
& Co. |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash in hand |
56.9 |
53.7 |
35.8 |
45.1 |
41.8 |
|
Bank Balance |
439.6 |
500.4 |
505.4 |
409.6 |
203.7 |
|
Financial Institutions |
160.6 |
53.0 |
84.6 |
19.1 |
33.8 |
|
Financial Institutions-Outside Banglades |
45.4 |
48.0 |
26.3 |
62.5 |
23.8 |
|
Investments in Shares & |
170.2 |
165.6 |
160.4 |
109.0 |
292.5 |
|
Investments in Shares &-Other |
23.5 |
25.6 |
0.4 |
0.4 |
0.3 |
|
General Investment |
3,517.8 |
3,452.1 |
2,929.3 |
2,464.5 |
1,924.8 |
|
Bills Purchased & Discontinued |
219.1 |
261.7 |
169.4 |
148.4 |
158.7 |
|
Land |
29.9 |
34.8 |
35.3 |
22.8 |
21.0 |
|
Building |
46.8 |
51.3 |
50.3 |
33.1 |
29.6 |
|
Construction/Work-in-process |
1.1 |
1.0 |
0.6 |
0.5 |
1.0 |
|
Furniture & Fixtures |
6.4 |
6.2 |
5.5 |
4.8 |
4.2 |
|
Mechanical Applicants & Cost Of Software |
20.5 |
19.0 |
15.4 |
12.8 |
10.0 |
|
Motor Vehicles |
5.5 |
5.3 |
5.0 |
4.6 |
3.3 |
|
Books |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Others |
0.1 |
0.1 |
0.0 |
- |
- |
|
Depreciation |
-23.4 |
-22.0 |
-18.0 |
-14.7 |
-11.8 |
|
Stock Of Stationery In Hand |
1.0 |
1.1 |
0.8 |
0.8 |
0.6 |
|
Stamps In Hand |
0.1 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Advances Rent Paid |
3.9 |
2.8 |
2.1 |
1.8 |
1.6 |
|
Security Deposits |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Suspenses Accounts |
12.9 |
10.5 |
7.5 |
4.5 |
4.9 |
|
D.D Paid without Advice |
- |
- |
- |
- |
0.4 |
|
Clleeaarriinngg AAddjjuussttmmeenntt |
0.0 |
0.0 |
- |
- |
- |
|
Accrued Income |
4.5 |
4.6 |
2.0 |
5.9 |
2.9 |
|
Deferred Revenue |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
IB General Accounts |
14.3 |
14.7 |
0.0 |
0.5 |
0.0 |
|
F.C Clearing |
1.1 |
3.2 |
0.0 |
14.3 |
3.8 |
|
Other Assets |
0.3 |
0.8 |
0.0 |
- |
- |
|
Total Assets |
4,758.3 |
4,693.7 |
4,018.2 |
3,350.4 |
2,751.2 |
|
|
|
|
|
|
|
|
Mudaraba Savings Deposits |
1,613.7 |
1,577.1 |
1,372.8 |
1,124.6 |
897.2 |
|
Mudaraba Term Deposits |
796.4 |
725.9 |
653.6 |
532.7 |
447.2 |
|
Other Mudaraba Deposits |
1,260.1 |
1,293.5 |
1,120.5 |
941.4 |
746.0 |
|
Current and Other Accounts |
472.4 |
503.7 |
343.6 |
300.8 |
275.5 |
|
Bills Payable |
35.0 |
42.3 |
36.8 |
33.5 |
25.4 |
|
Other liabilities |
204.3 |
172.7 |
155.1 |
167.8 |
155.5 |
|
Mudaraba Perpetual Bond |
36.7 |
42.6 |
43.3 |
43.5 |
43.1 |
|
Total Long Term Debt |
36.7 |
42.6 |
43.3 |
43.5 |
43.1 |
|
|
|
|
|
|
|
|
Deferred Tax Liabilities |
2.4 |
2.3 |
2.4 |
2.0 |
- |
|
Minority Interest |
0.0 |
0.0 |
0.0 |
- |
- |
|
Total Liabilities |
4,420.9 |
4,360.0 |
3,727.9 |
3,146.4 |
2,589.9 |
|
|
|
|
|
|
|
|
Paid - up Capital |
122.3 |
105.2 |
89.2 |
69.0 |
54.7 |
|
Statutory Reserve |
122.3 |
112.6 |
90.2 |
71.7 |
52.8 |
|
Retained Earnings including |
36.9 |
37.1 |
26.8 |
20.7 |
13.7 |
|
Share Premium |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
General/Other Reserves |
2.3 |
8.7 |
6.3 |
2.8 |
3.0 |
|
Assets Rev. Reserves |
52.6 |
61.2 |
62.3 |
33.0 |
32.7 |
|
Revaluation Reserves Of Securities |
1.1 |
8.8 |
15.6 |
6.9 |
4.4 |
|
Total Equity |
337.5 |
333.7 |
290.3 |
204.0 |
161.3 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
4,758.3 |
4,693.7 |
4,018.2 |
3,350.4 |
2,751.2 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
1,251.0 |
1,251.0 |
772.2 |
772.2 |
475.2 |
|
Total Common Shares Outstanding |
1,251.0 |
1,251.0 |
772.2 |
772.2 |
475.2 |
|
Total Capital % |
13.13% |
11.06% |
- |
- |
- |
|
Number of Common Shareholders |
60,550 |
58,923 |
52,164 |
33,686 |
26,488 |
|
Long Term Debt Maturing within 1 Year |
- |
- |
0.0 |
0.0 |
0.0 |
|
Long Term Debt Maturing in Year 5 |
- |
- |
0.0 |
0.0 |
0.0 |
|
Long Term Debt - Remaining Maturities |
36.7 |
42.6 |
43.3 |
43.5 |
43.1 |
|
Total Long Term Debt, Supplemental |
36.7 |
42.6 |
43.3 |
43.5 |
43.1 |
|
|
Annual Cash Flows
Financials in: USD (mil)
|
|
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 |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Restated Normal |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate
(Period Average) |
74.041708 |
69.60265 |
69.026932 |
68.582616 |
68.868552 |
|
Auditor |
ACNABIN |
ACNABIN |
Howladar Yunus
& Co. |
Howladar Yunus
& Co. |
Howladar Yunus
& Co. |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash Receipts |
432.5 |
355.6 |
309.6 |
285.0 |
211.6 |
|
Cash Payments |
-3.2 |
-2.7 |
-2.2 |
-1.9 |
-1.7 |
|
Cash Taxes Paid |
-54.8 |
-46.3 |
-52.1 |
-34.8 |
-29.2 |
|
Payments to employees |
-63.0 |
-61.7 |
-45.7 |
-41.4 |
-29.6 |
|
Profit Paid on Deposits |
-229.0 |
-198.6 |
-184.3 |
-155.4 |
-129.9 |
|
Income/ Dividend receipt from Investment |
4.5 |
4.6 |
3.9 |
3.0 |
1.2 |
|
Fees & Commission receipt in Cash |
71.5 |
57.4 |
49.8 |
48.7 |
37.4 |
|
Recoveries On Investment Previously W/O |
1.0 |
3.7 |
2.9 |
2.8 |
0.9 |
|
Receipts from other Operating Activities |
10.8 |
9.5 |
4.1 |
4.0 |
2.9 |
|
Payments from other Operating Activities |
-27.3 |
-18.7 |
-14.3 |
-13.7 |
-11.6 |
|
Investments to Customers |
-595.1 |
-676.8 |
-500.7 |
-512.3 |
-455.2 |
|
Investment In Shares & Securities |
- |
- |
- |
- |
-290.4 |
|
Other Assets |
-6.3 |
-43.8 |
13.1 |
-10.6 |
54.4 |
|
Deposits from other Banks |
6.8 |
0.8 |
1.0 |
-0.6 |
3.4 |
|
Deposits received from Customers |
647.9 |
683.7 |
595.4 |
474.8 |
482.2 |
|
Other Liabilities |
5.6 |
-15.9 |
-13.4 |
3.5 |
18.4 |
|
Cash from Operating Activities |
201.9 |
50.8 |
167.1 |
51.0 |
-135.1 |
|
|
|
|
|
|
|
|
Payment for Purchase Of Securities/BGIIB |
-39.2 |
-14.4 |
-43.5 |
189.5 |
0.0 |
|
Purchase/Sale Of Property,Plant & Equipm |
-9.9 |
-8.2 |
-4.7 |
-9.2 |
-6.3 |
|
Payment for Purchase Of Securities/Membe |
0.0 |
-4.2 |
0.0 |
- |
- |
|
Cash from Investing Activities |
-49.1 |
-26.8 |
-48.1 |
180.4 |
-6.3 |
|
|
|
|
|
|
|
|
Receipts from Issue Of Loan Capital/Debt |
0.0 |
0.0 |
0.0 |
0.0 |
43.6 |
|
Receipts from issuing Ordinary Share/ Ri |
0.0 |
0.0 |
- |
- |
- |
|
Dividend Paid |
0.0 |
-9.6 |
0.0 |
0.0 |
-7.5 |
|
Cash from Financing Activities |
0.0 |
-9.6 |
0.0 |
0.0 |
36.0 |
|
|
|
|
|
|
|
|
Net Change in Cash |
152.8 |
14.4 |
118.9 |
231.3 |
-105.4 |
|
|
|
|
|
|
|
|
Depreciation |
- |
- |
- |
3.3 |
2.6 |
|
Cash,Begining Of Year |
623.5 |
648.9 |
535.3 |
538.8 |
411.6 |
|
Cash,End Of Year |
776.4 |
663.3 |
654.3 |
658.5 |
306.2 |
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.59.70 |
|
UK Pound |
1 |
Rs.92.25 |
|
Euro |
1 |
Rs.78.38 |
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
SCs 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.