|
Report Date : |
20.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
STANDARD BANK LTD |
|
|
|
|
Registered Office : |
Metropolitan Chamber Building (3rd Floor Dhaka, 1000 |
|
|
|
|
Country : |
Bangladesh |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
11.05.1999 |
|
|
|
|
Legal Form : |
Public Parent |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
1,270 |
RATING & COMMENTS
|
MIRAs 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 : |
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
Standard Bank Ltd
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business
Description
|
Standard Bank Limited (the Bank) provides commercial banking services to
its customers through its branches and small and medium enterprises (SME)
Centers. The commercial banking activities of the Bank consists range of
services, including accepting deposits , making loans, discounting bills,
conducting money transfer and foreign exchange transactions and performing
other related services such as safe keeping, collections, issuing guarantees,
acceptances and letters of credit. The Bank operates Islamic banking in two
branches. The Bank's subsidiaries include SBL Capital Management Limited,
which is engaged in business of fledged merchant banking activities, such as
issue management, portfolio management, underwriting, corporate advisory
services; Standard Exchange Company (UK) Limited, which is engaged in money
remittance, and Standard Co. (USA) Inc. DBA: Standard Express, which is
engaged in money transfer. For the nine months ended 30 September 2012,
Standard Bank Ltd interest income decreased 6% to BDT7.34B. Net interest
income after loan loss provision increased 8% to BDT1.57B. Net income
decreased 15% to BDT796.9M. Net interest income after loan loss provision
reflects increase in interest earning assets and decrease in interest bearing
liabilities. Net income was offset by Other operating income decrease of 38%
to BDT192.5M (income). |
Industry
|
Industry |
|
|
ANZSIC 2006: |
|
|
ISIC Rev 4: |
|
|
NACE Rev 2: |
|
|
NAICS 2012: |
|
|
UK SIC 2007: |
|
|
US SIC 1987: |
Key Executives
|
Significant
Developments
|
Financial
Summary
|
Stock
Snapshot
|
1 - Profit & Loss
Item Exchange Rate: USD 1 = BDT 74.04171
2 - Balance Sheet Item Exchange Rate: USD 1 = BDT 81.83
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Standard Bank
Ltd |
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Dhaka |
Bangladesh |
Banking |
54.8 |
1,270 |
|
|
Subsidiary |
London |
United Kingdom |
Investment Services |
|
3 |
Executives Report
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
BDT |
|
Exchange Rate
(Period Average) |
74.041708 |
69.60265 |
69.026932 |
|
Auditor |
Khan Wahab
Shafique Rahman & Co. |
Khan Wahab
Shafique Rahman & Co. |
Howladar Yunus
& Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
Interest & Dividends on Investment
Securities |
110.6 |
84.0 |
64.2 |
|
Interest Income, Bank |
110.6 |
84.0 |
64.2 |
|
Interest on Deposit |
81.4 |
59.3 |
48.5 |
|
Total Interest Expense |
81.4 |
59.3 |
48.5 |
|
Net Interest Income |
29.3 |
24.8 |
15.7 |
|
|
|
|
|
|
Loan Loss Provision |
3.1 |
4.5 |
3.3 |
|
Net Interest Income after Loan Loss Provision |
26.2 |
20.3 |
12.3 |
|
|
|
|
|
|
Commissions & Fees from Securities
Activities |
23.2 |
25.3 |
13.9 |
|
Other Revenue |
2.3 |
2.6 |
2.2 |
|
Non-Interest Income, Bank |
25.5 |
27.9 |
16.1 |
|
Labor & Related Expenses |
-9.2 |
-8.0 |
-4.8 |
|
Depreciation Expense |
-1.2 |
-0.9 |
-0.6 |
|
Other Expense |
-9.5 |
-5.2 |
-4.5 |
|
Non-Interest Expense, Bank |
-20.0 |
-14.1 |
-9.8 |
|
Income Before Tax |
31.7 |
34.1 |
18.6 |
|
|
|
|
|
|
Total Income Tax |
14.2 |
14.5 |
7.5 |
|
Income After Tax |
17.5 |
19.7 |
11.1 |
|
|
|
|
|
|
Net Income Before Extraord Items |
17.5 |
19.7 |
11.1 |
|
Net Income |
17.5 |
19.7 |
11.1 |
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
17.5 |
19.7 |
11.1 |
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
17.5 |
19.7 |
11.1 |
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
475.2 |
475.2 |
309.4 |
|
Basic EPS Excl Extraord Items |
0.04 |
0.04 |
0.04 |
|
Basic/Primary EPS Incl Extraord Items |
0.04 |
0.04 |
0.04 |
|
Diluted Net Income |
17.5 |
19.7 |
11.1 |
|
Diluted Weighted Average Shares |
475.2 |
475.2 |
309.4 |
|
Diluted EPS Excl Extraord Items |
0.04 |
0.04 |
0.04 |
|
Diluted EPS Incl Extraord Items |
0.04 |
0.04 |
0.04 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
|
Depreciation, Supplemental |
1.2 |
0.9 |
0.6 |
|
Normalized Income Before Tax |
31.7 |
34.1 |
18.6 |
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
14.2 |
14.5 |
7.5 |
|
Normalized Income After Tax |
17.5 |
19.7 |
11.1 |
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
17.5 |
19.7 |
11.1 |
|
|
|
|
|
|
Basic Normalized EPS |
0.04 |
0.04 |
0.04 |
|
Diluted Normalized EPS |
0.04 |
0.04 |
0.04 |
|
Bank Total Revenue |
54.8 |
52.7 |
31.8 |
|
Current Tax - Domestic |
14.1 |
14.5 |
7.5 |
|
Current Tax - Total |
14.1 |
14.5 |
7.5 |
|
Deferred Tax - Domestic |
0.1 |
-0.1 |
0.0 |
|
Deferred Tax - Total |
0.1 |
-0.1 |
0.0 |
|
Income Tax - Total |
14.2 |
14.5 |
7.5 |
|
|
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
BDT |
|
Exchange Rate |
81.83 |
70.475 |
69.26 |
|
Auditor |
Khan Wahab
Shafique Rahman & Co. |
Khan Wahab
Shafique Rahman & Co. |
Howladar Yunus
& Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
Cash & Due from Banks |
72.2 |
81.1 |
53.6 |
|
Other Short Term Investments |
49.3 |
19.8 |
18.1 |
|
Securities Held |
90.4 |
92.6 |
68.1 |
|
Total Investment Securities |
90.4 |
92.6 |
68.1 |
|
Other Earning Assets, Total |
139.7 |
112.4 |
86.2 |
|
Net Loans |
656.8 |
703.4 |
530.2 |
|
Property/Plant/Equipment - Net |
6.2 |
5.4 |
2.6 |
|
Other Assets |
41.0 |
42.7 |
34.8 |
|
Other Assets, Total |
41.0 |
42.7 |
34.8 |
|
Total Assets |
916.0 |
945.0 |
707.5 |
|
|
|
|
|
|
Non-Interest Bearing Deposits |
98.3 |
102.4 |
71.4 |
|
Interest Bearing Deposits |
676.2 |
716.3 |
536.5 |
|
Total Deposits |
774.5 |
818.7 |
607.9 |
|
Total Long Term Debt |
0.0 |
0.0 |
0.0 |
|
Total Debt |
0.0 |
0.0 |
0.0 |
|
|
|
|
|
|
Minority Interest |
0.0 |
- |
- |
|
Other Liabilities |
57.5 |
46.4 |
38.7 |
|
Other Liabilities, Total |
57.5 |
46.4 |
38.7 |
|
Total Liabilities |
832.0 |
865.1 |
646.5 |
|
|
|
|
|
|
Common Stock |
49.6 |
45.0 |
38.2 |
|
Common Stock |
49.6 |
45.0 |
38.2 |
|
Retained Earnings (Accumulated Deficit) |
34.3 |
34.8 |
22.8 |
|
Total Equity |
84.0 |
79.8 |
61.0 |
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
916.0 |
945.0 |
707.5 |
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
475.2 |
371.2 |
309.4 |
|
Total Common Shares Outstanding |
475.2 |
371.2 |
309.4 |
|
Number of Common Shareholders |
38,142 |
- |
- |
|
Total Risk-Weighted Capital |
0.8 |
0.9 |
0.5 |
|
Tier 1 Capital % |
10.29% |
9.03% |
12.04% |
|
Total Capital % |
11.39% |
10.31% |
13.56% |
|
|
|
Annual Cash
Flows |
|
Financials in:
USD (mil) |
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
BDT |
|
Exchange Rate
(Period Average) |
74.041708 |
69.60265 |
69.026932 |
|
Auditor |
Khan Wahab
Shafique Rahman & Co. |
Khan Wahab
Shafique Rahman & Co. |
Howladar Yunus
& Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
Cash Receipts |
6.1 |
5.8 |
4.2 |
|
Cash Payments |
-10.1 |
-7.8 |
-5.3 |
|
Cash Taxes Paid |
-15.1 |
-8.3 |
-6.5 |
|
Cash Interest Paid |
-70.2 |
-55.9 |
-44.0 |
|
Other Assets |
-66.4 |
-205.5 |
-162.3 |
|
Other Liabilities |
66.5 |
225.8 |
187.3 |
|
Other Operating Cash Flow |
119.6 |
94.2 |
69.1 |
|
Changes in Working Capital |
119.7 |
114.5 |
94.2 |
|
Cash from Operating Activities |
30.4 |
48.2 |
42.6 |
|
|
|
|
|
|
Purchase of Fixed Assets |
-2.6 |
-3.5 |
-1.3 |
|
Capital Expenditures |
-2.6 |
-3.5 |
-1.3 |
|
Sale of Fixed Assets |
0.0 |
0.0 |
- |
|
Other Investing Cash Flow Items, Total |
0.0 |
0.0 |
- |
|
Cash from Investing Activities |
-2.6 |
-3.5 |
-1.3 |
|
|
|
|
|
|
Foreign Exchange Effects |
8.6 |
5.0 |
4.1 |
|
Net Change in Cash |
36.4 |
49.8 |
45.4 |
|
|
|
|
|
|
Net Cash - Beginning Balance |
169.0 |
130.0 |
85.7 |
|
Net Cash - Ending Balance |
205.4 |
179.7 |
131.0 |
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
BDT |
|
Exchange Rate
(Period Average) |
74.041708 |
69.60265 |
69.026932 |
|
Auditor |
Khan Wahab
Shafique Rahman & Co. |
Howladar Yunus
& Co. |
Howladar Yunus
& Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
Interest income/Profit on Investment |
110.6 |
84.0 |
64.2 |
|
Total Revenue |
110.6 |
84.0 |
64.2 |
|
|
|
|
|
|
Interest paid on deposits and borrowings |
81.4 |
59.3 |
48.5 |
|
Provision for loans & advances-specific |
2.5 |
2.1 |
1.7 |
|
Provision for loans & advances-general |
0.6 |
2.4 |
1.6 |
|
Total Operating Expense |
84.4 |
63.8 |
51.9 |
|
|
|
|
|
|
Income from investments |
8.5 |
14.5 |
5.6 |
|
Commision exchange and brokerage |
14.7 |
10.8 |
8.3 |
|
Other operating income |
2.3 |
2.6 |
2.2 |
|
Salary and allowances |
-9.0 |
-7.8 |
-4.7 |
|
Rents, taxes, insurance, electricity etc |
-2.1 |
-1.4 |
-1.0 |
|
Legal expenses |
0.0 |
0.0 |
0.0 |
|
Postage, stamp, telecommunication etc |
-0.3 |
-0.3 |
-0.3 |
|
Stationary, printing, advertisement etc |
-0.9 |
-0.6 |
-0.5 |
|
Managing directors salary and allowances |
-0.1 |
-0.1 |
-0.1 |
|
Directors fee & other benefits |
-0.1 |
-0.1 |
-0.1 |
|
Audit fees |
0.0 |
0.0 |
0.0 |
|
Charges on loan losses |
0.0 |
0.0 |
-0.9 |
|
Depreciation and repair of bank assets |
-1.2 |
-0.9 |
-0.6 |
|
Other expenses |
-2.1 |
-1.8 |
-1.5 |
|
Provision for diminution in value of inv |
-3.9 |
0.0 |
- |
|
Provision for off balance sheet items |
0.0 |
-1.2 |
-0.2 |
|
Total Non-Interest Revenue |
25.5 |
27.9 |
16.1 |
|
|
|
|
|
|
Total Non-Interest Expense |
-20.0 |
-14.1 |
-9.8 |
|
|
|
|
|
|
Net Income Before Taxes |
31.7 |
34.1 |
18.6 |
|
|
|
|
|
|
Provision for Income Taxes |
14.2 |
14.5 |
7.5 |
|
Net Income After Taxes |
17.5 |
19.7 |
11.1 |
|
|
|
|
|
|
Net Income Before Extra. Items |
17.5 |
19.7 |
11.1 |
|
Net Income |
17.5 |
19.7 |
11.1 |
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
17.5 |
19.7 |
11.1 |
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
17.5 |
19.7 |
11.1 |
|
|
|
|
|
|
Basic Weighted Average Shares |
475.2 |
475.2 |
309.4 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.04 |
0.04 |
0.04 |
|
Basic EPS Including ExtraOrdinary Items |
0.04 |
0.04 |
0.04 |
|
Diluted Net Income |
17.5 |
19.7 |
11.1 |
|
Diluted Weighted Average Shares |
475.2 |
475.2 |
309.4 |
|
Diluted EPS Excluding ExtraOrd Items |
0.04 |
0.04 |
0.04 |
|
Diluted EPS Including ExtraOrd Items |
0.04 |
0.04 |
0.04 |
|
DPS-Ordinary Shares |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
31.7 |
34.1 |
18.6 |
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
14.2 |
14.5 |
7.5 |
|
Normalized Income After Taxes |
17.5 |
19.7 |
11.1 |
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
17.5 |
19.7 |
11.1 |
|
|
|
|
|
|
Basic Normalized EPS |
0.04 |
0.04 |
0.04 |
|
Diluted Normalized EPS |
0.04 |
0.04 |
0.04 |
|
Depreciation, Supplemental |
1.2 |
0.9 |
0.6 |
|
Current Tax |
14.1 |
14.5 |
7.5 |
|
Current Tax - Total |
14.1 |
14.5 |
7.5 |
|
Deferred Tax |
0.1 |
-0.1 |
0.0 |
|
Deferred Tax - Total |
0.1 |
-0.1 |
0.0 |
|
Income Tax - Total |
14.2 |
14.5 |
7.5 |
|
|
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
BDT |
|
Exchange Rate |
81.83 |
70.475 |
69.26 |
|
Auditor |
Khan Wahab
Shafique Rahman & Co. |
Howladar Yunus
& Co. |
Howladar Yunus
& Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
Cash in hand |
6.3 |
5.0 |
4.2 |
|
Balances with Bangladesh bank and its ag |
56.0 |
62.3 |
40.2 |
|
Balances with other banks and financial |
4.2 |
3.0 |
0.6 |
|
Balances with other banks and financial |
5.8 |
10.8 |
8.6 |
|
Money at call and on short notice |
23.2 |
4.3 |
9.1 |
|
Investment-Government |
90.4 |
92.6 |
68.1 |
|
Investment-Others |
26.1 |
15.5 |
9.0 |
|
Loans, cash credits, overdrafts etc |
656.8 |
703.4 |
530.2 |
|
Bills purchased and discounted |
19.4 |
31.0 |
19.2 |
|
Fixed assets including premises, furnitu |
6.2 |
5.4 |
2.6 |
|
Other assets |
21.6 |
11.7 |
15.6 |
|
Total Assets |
916.0 |
945.0 |
707.5 |
|
|
|
|
|
|
Borrowings from other banks, financial |
3.1 |
0.0 |
- |
|
Current Al-wadeeah deposit other & depo |
98.3 |
102.4 |
71.4 |
|
Bills payable |
9.0 |
9.2 |
6.6 |
|
Savings banks/Mudaraba savings deposits |
31.5 |
34.9 |
25.6 |
|
Short-term deposit/Mudaraba term deposit |
27.9 |
25.6 |
24.9 |
|
Fixed deposits/Mudaraba term deposits |
570.2 |
624.2 |
457.9 |
|
Deposits under schemes/Mudaraba deposit |
43.6 |
31.7 |
28.1 |
|
Other liabilities |
48.4 |
37.3 |
32.1 |
|
Minority Interests |
0.0 |
- |
- |
|
Total Liabilities |
832.0 |
865.1 |
646.5 |
|
|
|
|
|
|
Paid up capital |
49.6 |
45.0 |
38.2 |
|
Statutory reserve |
24.4 |
21.5 |
14.9 |
|
General reserve |
0.0 |
0.0 |
0.3 |
|
Revaluation reserve on investment |
0.0 |
0.7 |
0.2 |
|
Profit and loss account retained earning |
9.9 |
12.6 |
7.4 |
|
Total Equity |
84.0 |
79.8 |
61.0 |
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
916.0 |
945.0 |
707.5 |
|
|
|
|
|
|
S/O-Ordinary Shares |
475.2 |
371.2 |
309.4 |
|
Total Common Shares Outstanding |
475.2 |
371.2 |
309.4 |
|
Tier 1 Capital % |
10.29% |
9.03% |
12.04% |
|
Total Capital % |
11.39% |
10.31% |
13.56% |
|
Total Risk-Weighted Capital |
826.5 |
876.4 |
504.5 |
|
Number of Common Shareholders |
38,142 |
- |
- |
|
|
|
Annual Cash
Flows |
|
Financials in:
USD (mil) |
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
BDT |
|
Exchange Rate
(Period Average) |
74.041708 |
69.60265 |
69.026932 |
|
Auditor |
Khan Wahab
Shafique Rahman & Co. |
Howladar Yunus
& Co. |
Howladar Yunus
& Co. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
Cash Receipts |
6.1 |
5.8 |
4.2 |
|
Cash Payments |
-10.1 |
-7.8 |
-5.3 |
|
Cash Interest Paid |
-70.2 |
-55.9 |
-44.0 |
|
Cash Taxes Paid |
-15.1 |
-8.3 |
-6.5 |
|
Interest receipts in cash |
113.8 |
81.4 |
64.3 |
|
Dividend receipts |
0.7 |
0.1 |
0.1 |
|
Income from investment |
7.8 |
14.4 |
5.5 |
|
Receipts from other operating activiti |
2.3 |
2.6 |
2.2 |
|
Payments for other operating activities |
-5.0 |
-4.4 |
-3.0 |
|
Purchase of trading securities |
-14.1 |
-6.5 |
-3.6 |
|
Loans and advances to customers |
-51.3 |
-196.9 |
-158.4 |
|
Other assets |
-1.0 |
-2.1 |
-0.3 |
|
Trading Liabilities |
3.4 |
- |
- |
|
Deposits from other banks |
0.7 |
0.0 |
- |
|
Deposits from customers |
62.8 |
223.6 |
187.4 |
|
Other liabilities |
-0.4 |
2.3 |
-0.1 |
|
Cash from Operating Activities |
30.4 |
48.2 |
42.6 |
|
|
|
|
|
|
Purchase of property, plant and equipmen |
-2.6 |
-3.5 |
-1.3 |
|
Sale of property, plant & equipment |
0.0 |
0.0 |
- |
|
Cash from Investing Activities |
-2.6 |
-3.5 |
-1.3 |
|
|
|
|
|
|
Foreign Exchange Effects |
8.6 |
5.0 |
4.1 |
|
Net Change in Cash |
36.4 |
49.8 |
45.4 |
|
|
|
|
|
|
Net Cash - Beginning Balance |
169.0 |
130.0 |
85.7 |
|
Net Cash - Ending Balance |
205.4 |
179.7 |
131.0 |
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
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.61.75 |
|
|
1 |
Rs.99.56 |
|
Euro |
1 |
Rs.83.55 |
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
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.