MIRA
INFORM REPORT
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Report Date : |
04.04.2014 |
IDENTIFICATION DETAILS
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Name : |
PUBALI BANK LTD. |
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Registered Office : |
26, Dilkusha C/A, Dhaka-1000 |
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Country : |
Bangladesh |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
30.06.1983 |
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Com. Reg. No.: |
C-10881 |
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Legal Form : |
Public Listed Co |
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Line of Business : |
Banking Services |
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No. of Employees : |
7362 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
Bangladesh's economy has
grown roughly 6% per year since 1996 despite political instability, poor
infrastructure, corruption, insufficient power supplies, slow implementation of
economic reforms, and the 2008-09 global financial crisis and recession.
Although more than half of GDP is generated through the service sector, almost
half of Bangladeshis are employed in the agriculture sector with rice as the
single-most-important product. Garment exports, the backbone of Bangladesh’s
industrial sector and 80% of total exports, surpassed $21 billion last year,
18% of GDP. The sector has remained resilient in recent years amidst a series
of factory accidents that have killed over 1,000 workers and crippling strikes
that shut down virtually all economic activity. Steady garment export growth
combined with remittances from overseas Bangladeshis, which totaled almost $15
billion and 13% of GDP IN 2013, are the largest contributors to Bangladesh’s
current account surplus and record foreign exchange holdings.
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Source
: CIA |
EXECUTIVE SUMMARY
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IDENTIFICATION
DETAILS |
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Correct company Name |
: |
PUBALI BANK LTD. |
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Head Office |
: |
26, Dilkusha C/A, Dhaka-1000, Bangladesh. |
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Tel No |
: |
880-2-9551614 |
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Fax No |
: |
880-2-9564009 |
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E-mail |
: |
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Website |
: |
www.pubalibangla.com |
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Swift |
: |
PUBABDDH |
|
Date/ Year of Incorporation |
: |
30/06/1983 |
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Incorporation No. |
: |
C-10881 |
|
Legal Form (General) |
: |
Public Listed Co Public (but not listed) Private Co State-owned Co Sole Proprietorships Partnership Not Registered others (please specify) ________________ |
|
Legal form (Specific) |
: |
LTD CORP INC CO others (please specify)
________________ |
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Issuing Authority |
: |
Registrar of
Joint Stock Companies & Firms City Corporation Municipal Administration Union Council Cantonment Board Chief Controller of Import & Export (CCIE) |
FINANCIALS- SUMMARY
|
Year |
Turnover/
Sales |
Assets |
Income |
|
July’ 11~June’ 12 |
Tk. 16,71,87,86,874 |
Tk. 1,92,94,79,25,396 |
Tk. 11,51,05,38,548 |
|
July’ 12~June’ 13 |
Tk. 17,22,08,84,280 |
Tk. 2,28,53,37,70,568 |
Tk. 12,59,67,59,600 |
|
Exchange
Rate |
USD1-Tk. 77.8200 EUR 1- Tk. 100.2711 GBP 1- Tk.118.5354 AUD 1 - Tk.82.8563 JPY 1 - Tk.0.9286 |
CAD 1 - Tk.80.1887 SEK 1 - Tk.12.2870 SGD 1 - Tk.65.3045 CNH 1 - Tk.12.8399 |
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FULLCHECK REPORT DETAILS
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Information
Parted By |
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Name |
: |
Mr. Sayeed Ahmed |
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Designation |
: |
Chief Financial Officer |
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Contract No |
: |
N/A |
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Locations Details |
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Operating Address |
: |
26, Dilkusha C/A, Dhaka-1000, Bangladesh. |
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Tel No |
: |
880-2-9551614 |
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Fax No |
: |
880-2-9564009 |
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E-mail |
: |
info@pubalibangla.com |
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Website |
: |
www.pubalibangla.com |
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Location : |
: Owned |
Ö |
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Rented |
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Leased |
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Area |
85,000 |
Sq. ft. |
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Type of Office :
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: Commercial Office Bldg. |
Ö |
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Semi-commercial office Bldg. |
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Retail shop |
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Industrial Park |
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Business Center |
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Home Office |
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Residential Bldg. |
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Branch: |
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Address |
: |
Moghbazar Branch, 13, New Eskaton Road,
Dhaka-1000, Bangladesh. |
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Tel No |
: |
88-02-9331117 |
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Fax No |
: |
N/A |
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Branches: |
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No. of Branch |
: |
425 Nos. |
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Employee: |
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No. of
Employees |
In Office |
: |
7362 |
In Factory |
: |
- |
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In Branch: |
: |
- |
Total |
: |
7362 |
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Details: |
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OWNERSHIP/SHAREHOLDERS
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Names of Shareholders |
No. of Share |
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Directors |
177589326 |
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Co-operatives Societies |
15111900 |
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Banks and Financial Institutions |
25820607 |
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Government |
2005 |
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Other Institutions |
184586890 |
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Non Resident Bangladeshi |
21775534 |
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General Public |
413564988 |
DIRECTORS
|
Name |
Designation |
|
Mr. Hafiz Ahmed Mazumder MP |
Chairman |
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Mr. Habibur Rahman |
Vice Chairman |
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Mr. Helal Ahmed Chowdhury |
Managing Director |
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Mr. Moniruddin Ahmed |
Director |
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Mr. Sk. Wahidur Rahman |
Director |
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Mr. Mohammed Kabiruzzaman Yaqub |
Director |
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Mr. Syed Moazzem Hussain |
Director |
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Mr. Ahmed Shafi Chowdhury |
Director |
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Mr. Muhammad Faizur Rahman |
Director |
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Mr. Fahim Ahmed Faruk Chowdhury |
Director |
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Mrs. Suraiya Rahman |
Director |
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Mrs. Rumana Sharif |
Director |
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Mr. Mustafa Ahmed |
Director |
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Mr. Musa Ahmed |
Director |
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Mr. Khurshid-ul-Alam |
Independent Director |
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Mr. Shadheen Malik |
Independent Director |
MANAGEMENT
|
Name |
: |
Mr. Sayeed Ahmed |
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Job Description |
: |
Chief Financial Officer |
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Nationality |
: |
Bangladeshi |
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Email address |
: |
N/A |
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Other details |
: |
N/A |
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Name |
: |
Mr. Md. Sayeed Sikder |
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Job Description |
: |
Company Secretary |
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Nationality |
: |
Bangladeshi |
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Email address |
: |
N/A |
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Other details |
: |
N/A |
BUSINESS OPERATIONS
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Nature of
Activity : |
Banking Services |
Ö |
Trader |
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Dealer |
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Distributor |
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Exporter |
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Importer |
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Services |
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Others |
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Item Dealings
In: |
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Products |
: |
Banking Corporation. |
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Production
Capacity |
: |
N/A |
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Last Year
Production |
: |
N/A |
Trading Terms:
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Purchasing
Terms: |
L/C |
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Cash |
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Others |
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Credit : |
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30 days |
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60 days |
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90 days |
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days |
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Selling
Terms : |
L/C |
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Cash |
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Others |
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Credit : |
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30 days |
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60 days |
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90 days |
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|
days |
DETAILED DATA
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Trade Reference
& Related Parties |
: |
Overseas Clients |
: |
N/A |
Local Clients |
: |
N/A |
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Overseas Suppliers |
: |
N/A |
Local Suppliers |
: |
N/A |
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Trade Markets |
: |
Exports |
: |
N/A |
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Imports |
: |
N/A |
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Brand Name |
: |
N/A |
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Certified |
: |
N/A |
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Auditors |
: |
M/S Aziz Halim
Khair Chowdhury Chartered Accountants ACNABIN Chartered Accountants |
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Operation Status |
: |
Active |
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Member |
: |
N/A |
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CAPITAL STRUCTURE
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Authorized
Capital |
: |
Tk.20,00,00,00,000 |
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Paid-up
Capital |
: |
Tk. 8,38,45,12,500 |
No. of Shares |
: |
838451250 |
Share
Value |
: |
Tk.10.00Each |
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Main
Assets |
: |
Tk. 2,28,53,37,70,568 |
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FINANCIAL STATEMENT- DETAILED
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The subject company don’t submit update financial figure to local
registry office. |
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Balance Sheet : |
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Currency |
: Tk. |
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Denomination |
: 1 |
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Financial Year Ending |
: 31st Dec’2013 |
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Income Statement
: |
||
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Currency |
: Tk. |
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Denomination |
: 1 |
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Financial Year Ending |
: 31st
Dec’2013 |
ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES
|
Sister Concerns |
: |
N/A |
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Subsidiary |
: |
Pubali Bank Securities Limited Pubali Exchange Company (UK) Ltd. |
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Name of The Group |
: |
N/A |
BANKING
|
Bank Name |
: |
Sonali bank Ltd Bank Al Falah Ltd. National Bank Ltd. The City Bank Ltd Mutual trust Bank Ltd. Bangladesh Krishi Bank HSBC First Security Islami Bank Ltd. |
ADVERSE DATA MONITORING
|
Dishonored
Checks |
: |
No Record Found |
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Debt |
: |
No Record Found |
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Litigation |
: |
Clear |
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Performance
Defaults |
: |
No Record Found |
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Adverse Local
Media Coverage/ Adverse Filling History |
: |
No Record Found |
SITE VISIT COMMENTARY
Our Representative Visited the subject company Head office which is
situated at 26, Dilkusha C/A, Dhaka-1000, Bangladesh. The subject company Chief
Financial Officer Mr. Sayeed Ahmed given us all information. Is situated at
commercial area which is a well decorated modern office.
GENERAL COMMENTS
The subject company is a well-known reputed bank in Bangladesh. Their services popular to the local
customers. So day by day the subject
companies increase their goodwill.
As well as its financial condition, we recommend that Credit can proceed
with favorable terms Large amount.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.12 |
|
|
1 |
Rs.100.07 |
|
Euro |
1 |
Rs.82.74 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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|
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|
Report Prepared
by : |
NNA |
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 |
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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 |
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-- |
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.