MIRA
INFORM REPORT
|
Report Date : |
03.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
DHAKA BANK LTD |
|
|
|
|
Registered Office : |
Biman
Bhaban 1st floor 100 Motijheel C/A |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
06.04.1995 |
|
|
|
|
Legal Form : |
Public Independent |
|
|
|
|
Line of Business : |
Subject is engaged in commercial banking activities/services. Subject segments include Conventional, Islamic, Offshore Banking Unit (OBU) and DBL Securities |
|
|
|
|
No. of Employees : |
1,455 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
Company name and address
DHAKA BANK LTD
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Description
|
Dhaka Bank Limited is engaged in commercial banking activities/services. The Banks segments include Conventional, Islamic, Offshore Banking Unit (OBU) and DBL Securities. The Bank operates Islamic Banking in two branches designated for this purpose in complying with the rules of Islamic shariah. It has six branches in Bangladesh located at Adamjee Court- Motijheel, DSE Building-Motijheel, Dhanmondi, Uttara, Agrabad and Sylhet. Its subsidiary includes DBL Securities Limited, which carries out the stock broker and stock dealer activities of capital market services division of the Bank. The Bank operates a Superannuation Fund Trust. For the fiscal year ended 31 December 2012, Dhaka Bank Ltd interest income increased 34% to BDT13.37B. Net interest income after loan loss provision decreased 45% to BDT1.09B. Net income decreased 65% to BDT788.6M. Net interest income after loan loss provision reflects decrease in interest earning assets and increase in interest bearing liabilities. Net income also reflects Interest/Profit paid on Deposits & borro increase of 39% to BDT10.6B (expense). |
Industry
|
Industry |
|
|
ANZSIC 2006: |
|
|
ISIC Rev 4: |
|
|
NACE Rev 2: |
|
|
NAICS 2012: |
|
|
UK SIC 2007: |
|
|
US SIC 1987: |
|
|
|
|
Key Executives
|
Significant Developments
|
News
|
Stock Snapshot
|
|
1 - Profit & Loss Item Exchange Rate: USD 1 = BDT 81.86564
2 - Balance Sheet Item Exchange Rate: USD 1 = BDT 81.2
Corporate Overview
|
|
|
|||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Executives Report
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
News
Annual Income
Statement
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate (Period Average) |
81.86564 |
74.041708 |
69.60265 |
69.026932 |
|
Auditor |
|
Hoda Vasi Chowdhury & Co |
Hoda Vasi Chowdhury & Co |
Hoda Vasi Chowdhury & Co |
|
Auditor Opinion |
|
Unqualified with Explanation |
Unqualified with Explanation |
Unqualified with Explanation |
|
|
|
|
|
|
|
Interest & Fees on Loans |
- |
135.2 |
106.4 |
108.2 |
|
Interest Income, Bank |
- |
135.2 |
106.4 |
108.2 |
|
Interest on Deposit |
- |
102.8 |
71.0 |
80.5 |
|
Total Interest Expense |
- |
102.8 |
71.0 |
80.5 |
|
Net Interest Income |
- |
32.4 |
35.4 |
27.7 |
|
|
|
|
|
|
|
Loan Loss Provision |
- |
6.0 |
12.1 |
9.8 |
|
Net Interest Income after Loan Loss Provision |
- |
26.5 |
23.3 |
17.9 |
|
|
|
|
|
|
|
Commissions & Fees from Securities Activities |
- |
49.5 |
37.7 |
28.7 |
|
Other Revenue |
- |
4.6 |
6.8 |
2.8 |
|
Non-Interest Income, Bank |
- |
54.1 |
44.5 |
31.5 |
|
Labor & Related Expenses |
- |
-14.7 |
-14.1 |
-10.6 |
|
Depreciation Expense |
- |
-1.5 |
-1.2 |
-0.9 |
|
Other Expense |
- |
-13.4 |
-10.5 |
-7.0 |
|
Non-Interest Expense, Bank |
- |
-29.7 |
-25.8 |
-18.5 |
|
Income Before Tax |
- |
50.9 |
41.9 |
30.9 |
|
|
|
|
|
|
|
Total Income Tax |
- |
20.6 |
17.8 |
17.0 |
|
Income After Tax |
- |
30.3 |
24.1 |
13.9 |
|
|
|
|
|
|
|
Net Income Before Extraord Items |
- |
30.3 |
24.1 |
13.9 |
|
Net Income |
- |
30.3 |
24.1 |
13.9 |
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
- |
30.3 |
24.1 |
13.9 |
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
- |
30.3 |
24.1 |
13.9 |
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
- |
416.2 |
401.1 |
40.1 |
|
Basic EPS Excl Extraord Items |
- |
0.07 |
0.06 |
0.35 |
|
Basic/Primary EPS Incl Extraord Items |
- |
0.07 |
0.06 |
0.35 |
|
Diluted Net Income |
- |
30.3 |
24.1 |
13.9 |
|
Diluted Weighted Average Shares |
- |
416.2 |
401.1 |
40.1 |
|
Diluted EPS Excl Extraord Items |
- |
0.07 |
0.06 |
0.35 |
|
Diluted EPS Incl Extraord Items |
- |
0.07 |
0.06 |
0.35 |
|
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 |
- |
1.5 |
1.2 |
0.9 |
|
Normalized Income Before Tax |
- |
50.9 |
41.9 |
30.9 |
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
- |
20.6 |
17.8 |
17.0 |
|
Normalized Income After Tax |
- |
30.3 |
24.1 |
13.9 |
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
- |
30.3 |
24.1 |
13.9 |
|
|
|
|
|
|
|
Basic Normalized EPS |
- |
0.07 |
0.06 |
0.35 |
|
Diluted Normalized EPS |
- |
0.07 |
0.06 |
0.35 |
|
Bank Total Revenue |
- |
86.5 |
79.8 |
59.2 |
|
|
|
Annual Balance Sheet |
|
Financials in: USD (mil) |
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate |
81.199997 |
81.83 |
70.475 |
69.26 |
|
Auditor |
|
Hoda Vasi Chowdhury & Co |
Hoda Vasi Chowdhury & Co |
Hoda Vasi Chowdhury & Co |
|
Auditor Opinion |
|
Unqualified with Explanation |
Unqualified with Explanation |
Unqualified with Explanation |
|
|
|
|
|
|
|
Cash & Due from Banks |
- |
157.1 |
193.1 |
191.5 |
|
Other Short Term Investments |
- |
33.5 |
20.6 |
7.1 |
|
Securities Held |
- |
95.6 |
100.7 |
121.9 |
|
Total Investment Securities |
- |
95.6 |
100.7 |
121.9 |
|
Other Earning Assets, Total |
- |
129.1 |
121.3 |
128.9 |
|
Net Loans |
- |
901.2 |
867.7 |
741.3 |
|
Property/Plant/Equipment - Net |
- |
21.0 |
13.9 |
6.1 |
|
Other Assets |
- |
75.2 |
83.0 |
55.0 |
|
Other Assets, Total |
- |
75.2 |
83.0 |
55.0 |
|
Total Assets |
- |
1,283.6 |
1,279.0 |
1,122.8 |
|
|
|
|
|
|
|
Accounts Payable |
- |
13.4 |
18.7 |
31.1 |
|
Non-Interest Bearing Deposits |
- |
119.4 |
116.1 |
80.2 |
|
Interest Bearing Deposits |
- |
909.2 |
864.4 |
768.3 |
|
Total Deposits |
- |
1,028.7 |
980.5 |
848.5 |
|
Long Term Debt |
- |
55.6 |
90.3 |
50.4 |
|
Total Long Term Debt |
- |
55.6 |
90.3 |
50.4 |
|
Total Debt |
- |
55.6 |
90.3 |
50.4 |
|
|
|
|
|
|
|
Minority Interest |
- |
0.0 |
0.0 |
- |
|
Other Liabilities |
- |
72.3 |
96.1 |
121.2 |
|
Other Liabilities, Total |
- |
72.3 |
96.1 |
121.2 |
|
Total Liabilities |
- |
1,170.0 |
1,185.7 |
1,051.1 |
|
|
|
|
|
|
|
Common Stock |
- |
43.9 |
37.7 |
30.7 |
|
Common Stock |
- |
43.9 |
37.7 |
30.7 |
|
Retained Earnings (Accumulated Deficit) |
- |
61.8 |
55.6 |
41.0 |
|
Unrealized Gain (Loss) |
- |
7.9 |
0.0 |
- |
|
Total Equity |
- |
113.6 |
93.4 |
71.7 |
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
- |
1,283.6 |
1,279.0 |
1,122.8 |
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary Issue |
- |
541.4 |
401.1 |
32.1 |
|
Total Common Shares Outstanding |
- |
541.4 |
401.1 |
32.1 |
|
Total Risk-Weighted Capital |
- |
- |
1.3 |
0.7 |
|
Tier 1 Capital % |
- |
- |
6.89% |
9.30% |
|
Total Capital % |
- |
- |
10.09% |
11.31% |
|
|
|
Annual Cash Flows |
|
Financials in: USD (mil) |
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
|
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate (Period Average) |
81.86564 |
74.041708 |
69.60265 |
69.026932 |
|
Auditor |
|
Hoda Vasi Chowdhury & Co |
Hoda Vasi Chowdhury & Co |
Hoda Vasi Chowdhury & Co |
|
Auditor Opinion |
|
Unqualified with Explanation |
Unqualified with Explanation |
Unqualified with Explanation |
|
|
|
|
|
|
|
Cash Receipts |
- |
11.4 |
10.1 |
9.1 |
|
Cash Payments |
- |
-16.9 |
-16.1 |
-12.3 |
|
Cash Taxes Paid |
- |
-18.0 |
-18.0 |
-12.9 |
|
Cash Interest Paid |
- |
-103.2 |
-65.5 |
-76.2 |
|
Other Assets |
- |
-21.3 |
-10.7 |
0.1 |
|
Other Liabilities |
- |
184.8 |
90.0 |
64.5 |
|
Other Operating Cash Flow |
- |
133.9 |
112.5 |
110.4 |
|
Investment Securities, Gains/Losses |
- |
-12.1 |
18.3 |
-14.6 |
|
Loans, Gains/Losses |
- |
-167.4 |
-153.5 |
-46.5 |
|
Changes in Working Capital |
- |
117.9 |
56.7 |
113.9 |
|
Cash from Operating Activities |
- |
-8.8 |
-32.8 |
21.6 |
|
|
|
|
|
|
|
Purchase of Fixed Assets |
- |
-2.6 |
-9.2 |
-1.5 |
|
Capital Expenditures |
- |
-2.6 |
-9.2 |
-1.5 |
|
Acquisition of Business |
- |
0.0 |
-2.2 |
0.0 |
|
Sale of Fixed Assets |
- |
0.1 |
0.1 |
0.0 |
|
Sale/Maturity of Investment |
- |
14.5 |
17.6 |
13.3 |
|
Purchase of Investments |
- |
-6.0 |
-16.1 |
-1.7 |
|
Other Investing Cash Flow Items, Total |
- |
8.5 |
-0.6 |
11.6 |
|
Cash from Investing Activities |
- |
5.9 |
-9.7 |
10.2 |
|
|
|
|
|
|
|
Cash Dividends Paid - Common |
- |
0.0 |
0.0 |
-4.2 |
|
Total Cash Dividends Paid |
- |
0.0 |
0.0 |
-4.2 |
|
Long Term Debt Issued |
- |
0.0 |
28.7 |
0.0 |
|
Long Term Debt, Net |
- |
-24.5 |
41.3 |
-1.8 |
|
Issuance (Retirement) of Debt, Net |
- |
-24.5 |
41.3 |
-1.8 |
|
Cash from Financing Activities |
- |
-24.5 |
41.3 |
-6.0 |
|
|
|
|
|
|
|
Foreign Exchange Effects |
- |
9.7 |
4.0 |
2.7 |
|
Net Change in Cash |
- |
-17.7 |
2.7 |
28.5 |
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
- |
191.6 |
194.4 |
167.6 |
|
Net Cash - Ending Balance |
- |
173.9 |
197.1 |
196.1 |
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 |
|
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 |
Hoda Vasi Chowdhury & Co |
Hoda Vasi Chowdhury & Co |
Hoda Vasi Chowdhury & Co |
|
Auditor Opinion |
Unqualified with Explanation |
Unqualified with Explanation |
Unqualified with Explanation |
|
|
|
|
|
|
Interest income |
135.2 |
106.4 |
108.2 |
|
Total Revenue |
135.2 |
106.4 |
108.2 |
|
|
|
|
|
|
Interest/Profit paid on Deposits & borro |
102.8 |
71.0 |
80.5 |
|
Provision for loan |
6.0 |
12.1 |
9.8 |
|
Total Operating Expense |
108.7 |
83.1 |
90.3 |
|
|
|
|
|
|
Income from investment |
27.7 |
17.9 |
13.3 |
|
Commission/Fees, Exchange earnings & bro |
21.8 |
19.9 |
15.4 |
|
Other Operating income |
4.6 |
6.7 |
2.8 |
|
Non operating income |
0.0 |
0.0 |
0.0 |
|
Salary & Allowance |
-14.6 |
-13.9 |
-10.5 |
|
Rent, taxes, insurance, lighting etc |
-3.5 |
-3.3 |
-2.4 |
|
Legal & professional expenses |
-0.2 |
-0.1 |
-0.1 |
|
Postage, stamp, telecommunication etc |
-0.7 |
-0.6 |
-0.6 |
|
Stationery, printing, advertisement etc |
-1.5 |
-1.5 |
-1.2 |
|
Chief Executives salary & allowances |
-0.1 |
-0.1 |
-0.1 |
|
Directors Fee & meeting expenses |
0.0 |
0.0 |
0.0 |
|
Audit fees |
0.0 |
0.0 |
0.0 |
|
Charges on loan losses |
0.0 |
0.0 |
0.0 |
|
Depreciation of Bank's assets |
-1.5 |
-1.2 |
-0.9 |
|
Repair & maintenance of bank's assets |
-0.7 |
-0.5 |
-0.5 |
|
Other expenses |
-3.7 |
-3.3 |
-2.2 |
|
Provision for off balance sheet exposur |
-1.0 |
-0.7 |
0.0 |
|
Provision for dininution in value od inv |
-1.5 |
0.0 |
- |
|
Provision for Dhaka Bank Foundation |
-0.5 |
-0.4 |
0.0 |
|
Other Provision |
-0.1 |
0.0 |
0.0 |
|
Total Non-Interest Revenue |
54.1 |
44.5 |
31.5 |
|
|
|
|
|
|
Total Non-Interest Expense |
-29.7 |
-25.8 |
-18.5 |
|
|
|
|
|
|
Net Income Before Taxes |
50.9 |
41.9 |
30.9 |
|
|
|
|
|
|
Provision for Income Taxes |
20.6 |
17.8 |
17.0 |
|
Net Income After Taxes |
30.3 |
24.1 |
13.9 |
|
|
|
|
|
|
Net Income Before Extra. Items |
30.3 |
24.1 |
13.9 |
|
Net Income |
30.3 |
24.1 |
13.9 |
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
30.3 |
24.1 |
13.9 |
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
30.3 |
24.1 |
13.9 |
|
|
|
|
|
|
Basic Weighted Average Shares |
416.2 |
401.1 |
40.1 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.07 |
0.06 |
0.35 |
|
Basic EPS Including ExtraOrdinary Items |
0.07 |
0.06 |
0.35 |
|
Diluted Net Income |
30.3 |
24.1 |
13.9 |
|
Diluted Weighted Average Shares |
416.2 |
401.1 |
40.1 |
|
Diluted EPS Excluding ExtraOrd Items |
0.07 |
0.06 |
0.35 |
|
Diluted EPS Including ExtraOrd Items |
0.07 |
0.06 |
0.35 |
|
DPS-Fully Paid Ord. Shrs |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
50.9 |
41.9 |
30.9 |
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
20.6 |
17.8 |
17.0 |
|
Normalized Income After Taxes |
30.3 |
24.1 |
13.9 |
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
30.3 |
24.1 |
13.9 |
|
|
|
|
|
|
Basic Normalized EPS |
0.07 |
0.06 |
0.35 |
|
Diluted Normalized EPS |
0.07 |
0.06 |
0.35 |
|
Depreciation, Supplemental |
1.5 |
1.2 |
0.9 |
|
|
|
Annual Balance Sheet |
|
Financials in: USD (mil) |
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
BDT |
|
Exchange Rate |
81.83 |
70.475 |
69.26 |
|
Auditor |
Hoda Vasi Chowdhury & Co |
Hoda Vasi Chowdhury & Co |
Hoda Vasi Chowdhury & Co |
|
Auditor Opinion |
Unqualified with Explanation |
Unqualified with Explanation |
Unqualified with Explanation |
|
|
|
|
|
|
Cash In Hand (Including Foreign Currency |
11.1 |
10.8 |
7.9 |
|
Cash With Bangladesh Bank and its agent |
105.1 |
113.7 |
64.8 |
|
Balance with Other Banks In Bangladesh |
28.8 |
58.4 |
105.1 |
|
Balance with Other Banks Outside Bangl |
12.0 |
10.3 |
13.7 |
|
Money at call |
0.2 |
1.6 |
3.9 |
|
Investments Government |
95.6 |
100.7 |
121.9 |
|
Investments Others |
33.3 |
19.0 |
3.2 |
|
Loans, Cash Credit, Overdras, etc. |
901.2 |
867.7 |
741.3 |
|
Bills Purchased and Discounted |
27.3 |
34.6 |
22.6 |
|
Primises & Fixed assets |
21.0 |
13.9 |
6.1 |
|
Other Assets |
47.6 |
48.1 |
32.4 |
|
Non banking assets |
0.3 |
0.3 |
0.0 |
|
Total Assets |
1,283.6 |
1,279.0 |
1,122.8 |
|
|
|
|
|
|
Current & other accounts |
119.4 |
116.1 |
80.2 |
|
Bills Payable |
13.4 |
18.7 |
31.1 |
|
Saving deposits |
83.8 |
105.1 |
84.9 |
|
Term Deposits |
825.5 |
759.3 |
683.4 |
|
Other Liabilities |
72.3 |
96.1 |
121.2 |
|
Borrowing from other Banks, Financial In |
31.1 |
61.9 |
50.4 |
|
Non convertible subordinated bond |
24.4 |
28.4 |
0.0 |
|
Total Long Term Debt |
55.6 |
90.3 |
50.4 |
|
|
|
|
|
|
Minority interest |
0.0 |
0.0 |
- |
|
Total Liabilities |
1,170.0 |
1,185.7 |
1,051.1 |
|
|
|
|
|
|
Paid up Capital |
43.9 |
37.7 |
30.7 |
|
Statutory Reserve |
40.1 |
36.2 |
28.4 |
|
Other reserves |
- |
- |
0.0 |
|
General Reserve |
2.1 |
0.1 |
- |
|
Asset revaluation reserve |
7.9 |
0.0 |
- |
|
Revaluation reserve on investment |
1.1 |
3.8 |
4.8 |
|
Surplus in P & L A/c |
18.5 |
15.5 |
7.7 |
|
Total Equity |
113.6 |
93.4 |
71.7 |
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
1,283.6 |
1,279.0 |
1,122.8 |
|
|
|
|
|
|
S/O-Fully Paid Ord. Shrs |
541.4 |
401.1 |
32.1 |
|
Total Common Shares Outstanding |
541.4 |
401.1 |
32.1 |
|
Total Risk-Weighted Capital |
- |
1,260.3 |
719.3 |
|
Total Capital % |
- |
10.09% |
11.31% |
|
Tier 1 Capital % |
- |
6.89% |
9.30% |
|
|
|
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 |
Restated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
BDT |
|
Exchange Rate (Period Average) |
74.041708 |
69.60265 |
69.026932 |
|
Auditor |
Hoda Vasi Chowdhury & Co |
Hoda Vasi Chowdhury & Co |
Hoda Vasi Chowdhury & Co |
|
Auditor Opinion |
Unqualified with Explanation |
Unqualified with Explanation |
Unqualified with Explanation |
|
|
|
|
|
|
Cash Receipts |
11.4 |
10.1 |
9.1 |
|
Cash Payments |
-16.9 |
-16.1 |
-12.3 |
|
Interest/Profit receipts |
137.1 |
107.1 |
109.3 |
|
Interest payment |
-103.2 |
-65.5 |
-76.2 |
|
Dividend receipts |
0.2 |
0.2 |
0.0 |
|
Recoveries on loans previously written o |
0.0 |
0.0 |
0.0 |
|
Income tax paid |
-18.0 |
-18.0 |
-12.9 |
|
Receipts from other operating activities |
5.1 |
12.5 |
6.4 |
|
Payment for other operating activities |
-8.6 |
-7.3 |
-5.2 |
|
Purchase or sale of trading security |
-12.1 |
18.3 |
-14.6 |
|
Loans & advances to customers |
-167.4 |
-153.5 |
-46.5 |
|
Other assets |
-21.3 |
-10.7 |
0.1 |
|
Deposits from other bank |
-7.9 |
-17.1 |
-38.4 |
|
Deposits from customer |
208.6 |
115.2 |
95.4 |
|
Other liabilities account of customer |
0.6 |
0.9 |
0.1 |
|
Other liabilities |
-16.5 |
-8.9 |
7.5 |
|
Cash from Operating Activities |
-8.8 |
-32.8 |
21.6 |
|
|
|
|
|
|
Proceeds from security sold |
14.5 |
17.6 |
13.3 |
|
Payment for security purchased |
-6.0 |
-16.1 |
-1.7 |
|
Capital Expenditure |
-2.6 |
-9.2 |
-1.5 |
|
Sale of PP&E |
0.1 |
0.1 |
0.0 |
|
Purchase or sale of subsidiary |
0.0 |
-2.2 |
0.0 |
|
Cash from Investing Activities |
5.9 |
-9.7 |
10.2 |
|
|
|
|
|
|
Borrowings from other banks |
-24.5 |
12.6 |
-1.8 |
|
Receipts from issue of non convertible s |
0.0 |
28.7 |
0.0 |
|
Dividends paid |
0.0 |
0.0 |
-4.2 |
|
Cash from Financing Activities |
-24.5 |
41.3 |
-6.0 |
|
|
|
|
|
|
Foreign Exchange Effects |
9.7 |
4.0 |
2.7 |
|
Net Change in Cash |
-17.7 |
2.7 |
28.5 |
|
|
|
|
|
|
Net Cash - Beginning Balance |
191.6 |
194.4 |
167.6 |
|
Net Cash - Ending Balance |
173.9 |
197.1 |
196.1 |
Financial Health
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual Ratios
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.07 |
|
|
1 |
Rs.103.61 |
|
Euro |
1 |
Rs.85.03 |
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 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.