|
Report Date : |
06.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
JAMUNA BANK LTD |
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|
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Registered Office : |
Hadi Mansion (3,4,5,10,7,8, & 9 Flr) 2, Dilkusha C/A Dhaka, 1000 |
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Country : |
Bangladesh |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
02.04.2001 |
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Legal Form : |
Public Parent |
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Line of Business : |
Subject offers the personal banking services, such as current deposit account, savings deposit account, short term deposit account and fixed deposit account |
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No. of Employees : |
943 |
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 |
JAMUNA BANK LTD
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Jamuna Bank Limited (JBL) is a Bangladesh-based company. JBL offers the personal banking services, such as current deposit account, savings deposit account, short term deposit account and fixed deposit account. It offers a range of advisory, financing and operational services to its corporate client groups combining trade, treasury, investment and transactional banking activities in one package. JBL also provides loans for agro industries at a concession. JBL offers personal loan for women, which can be availed for the purchase of household appliances, house renovation and others. JBL’s subsidiaries include Jamuna Bank Capital Management Limited (Merchant Bank) and Jamuna Bank Securities Limited (Brokerage House). For the fiscal year ended 31 December 2012, Jamuna Bank Ltd interest income increased 14% to BDT9.69B. Net interest income after loan loss provision decreased 52% to BDT899.9M. Net income decreased 18% to BDT1.11B. Net interest income after loan loss provision reflects decrease in interest earning assets and increase in interest bearing liabilities. |
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Industry |
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ANZSIC 2006: |
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ISIC Rev 4: |
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NACE Rev 2: |
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NAICS 2012: |
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UK SIC 2007: |
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US SIC 1987: |
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1 - Profit & Loss Item Exchange Rate: USD 1 = BDT 81.86564
2 - Balance Sheet Item Exchange Rate: USD 1 = BDT 81.2
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Dhaka |
Bangladesh |
Banking |
66.5 |
943 |
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Subsidiary |
London |
United Kingdom |
Banking |
Executives Report |
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|
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 |
Restated Normal |
Restated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate (Period Average) |
81.86564 |
74.041708 |
69.60265 |
69.026932 |
|
Auditor |
ACNABIN |
ACNABIN |
ACNABIN |
ACNABIN |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
Interest & Dividends on Investment Securities |
118.4 |
114.6 |
74.8 |
54.9 |
|
Interest Income, Bank |
118.4 |
114.6 |
74.8 |
54.9 |
|
Interest on Deposit |
95.2 |
85.2 |
53.5 |
41.8 |
|
Total Interest Expense |
95.2 |
85.2 |
53.5 |
41.8 |
|
Net Interest Income |
23.2 |
29.4 |
21.3 |
13.0 |
|
|
|
|
|
|
|
Loan Loss Provision |
12.2 |
3.8 |
3.9 |
4.2 |
|
Net Interest Income after Loan Loss Provision |
11.0 |
25.6 |
17.4 |
8.9 |
|
|
|
|
|
|
|
Commissions & Fees from Securities Activities |
39.6 |
33.0 |
27.8 |
27.3 |
|
Other Revenue |
3.8 |
4.0 |
4.8 |
2.1 |
|
Non-Interest Income, Bank |
43.3 |
37.0 |
32.6 |
29.4 |
|
Other Expense |
-27.7 |
-28.9 |
-20.4 |
-15.7 |
|
Non-Interest Expense, Bank |
-27.7 |
-28.9 |
-20.4 |
-15.7 |
|
Income Before Tax |
26.6 |
33.7 |
29.5 |
22.5 |
|
|
|
|
|
|
|
Total Income Tax |
13.1 |
15.4 |
14.2 |
9.2 |
|
Income After Tax |
13.6 |
18.3 |
15.3 |
13.4 |
|
|
|
|
|
|
|
Minority Interest |
0.0 |
0.0 |
- |
- |
|
Net Income Before Extraord Items |
13.6 |
18.3 |
15.3 |
13.4 |
|
Net Income |
13.6 |
18.3 |
15.3 |
13.4 |
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
13.6 |
18.3 |
15.3 |
13.4 |
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
13.6 |
18.3 |
15.3 |
13.4 |
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
448.8 |
448.8 |
364.8 |
364.8 |
|
Basic EPS Excl Extraord Items |
0.03 |
0.04 |
0.04 |
0.04 |
|
Basic/Primary EPS Incl Extraord Items |
0.03 |
0.04 |
0.04 |
0.04 |
|
Diluted Net Income |
13.6 |
18.3 |
15.3 |
13.4 |
|
Diluted Weighted Average Shares |
448.8 |
448.8 |
448.8 |
448.8 |
|
Diluted EPS Excl Extraord Items |
0.03 |
0.04 |
0.03 |
0.03 |
|
Diluted EPS Incl Extraord Items |
0.03 |
0.04 |
0.03 |
0.03 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
|
Depreciation, Supplemental |
1.2 |
1.0 |
1.1 |
0.7 |
|
Normalized Income Before Tax |
26.6 |
33.7 |
29.5 |
22.5 |
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
13.1 |
15.4 |
14.2 |
9.2 |
|
Normalized Income After Tax |
13.6 |
18.3 |
15.3 |
13.4 |
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
13.6 |
18.3 |
15.3 |
13.4 |
|
|
|
|
|
|
|
Basic Normalized EPS |
0.03 |
0.04 |
0.04 |
0.04 |
|
Diluted Normalized EPS |
0.03 |
0.04 |
0.03 |
0.03 |
|
Bank Total Revenue |
66.5 |
66.4 |
53.8 |
42.4 |
|
Annual Balance Sheet |
|
Financials in: USD (mil) |
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Restated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate |
81.199997 |
81.83 |
70.475 |
69.26 |
|
Auditor |
ACNABIN |
ACNABIN |
ACNABIN |
ACNABIN |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
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|
Cash & Due from Banks |
129.3 |
131.3 |
81.4 |
77.8 |
|
Other Short Term Investments |
19.0 |
6.5 |
6.2 |
7.3 |
|
Securities Held |
477.7 |
195.6 |
150.5 |
122.7 |
|
Total Investment Securities |
477.7 |
195.6 |
150.5 |
122.7 |
|
Other Earning Assets, Total |
496.7 |
202.1 |
156.7 |
130.0 |
|
Net Loans |
568.2 |
550.8 |
603.3 |
428.0 |
|
Property/Plant/Equipment - Net |
29.2 |
27.6 |
25.9 |
9.8 |
|
Other Assets |
129.6 |
153.4 |
126.2 |
58.0 |
|
Other Assets, Total |
129.6 |
153.4 |
126.2 |
58.0 |
|
Total Assets |
1,352.9 |
1,065.2 |
993.5 |
703.6 |
|
|
|
|
|
|
|
Non-Interest Bearing Deposits |
107.7 |
96.3 |
99.5 |
68.1 |
|
Interest Bearing Deposits |
858.0 |
753.4 |
750.4 |
536.0 |
|
Total Deposits |
965.7 |
849.6 |
849.9 |
604.1 |
|
Long Term Debt |
210.4 |
70.3 |
7.1 |
1.8 |
|
Total Long Term Debt |
210.4 |
70.3 |
7.1 |
1.8 |
|
Total Debt |
210.4 |
70.3 |
7.1 |
1.8 |
|
|
|
|
|
|
|
Minority Interest |
0.0 |
0.0 |
0.0 |
- |
|
Other Liabilities |
74.2 |
56.1 |
45.5 |
40.2 |
|
Other Liabilities, Total |
74.2 |
56.1 |
45.5 |
40.2 |
|
Total Liabilities |
1,250.4 |
976.0 |
902.5 |
646.1 |
|
|
|
|
|
|
|
Common Stock |
55.3 |
44.6 |
31.6 |
23.4 |
|
Common Stock |
55.3 |
44.6 |
31.6 |
23.4 |
|
Retained Earnings (Accumulated Deficit) |
47.3 |
44.7 |
59.3 |
34.1 |
|
Total Equity |
102.6 |
89.2 |
90.9 |
57.5 |
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
1,352.9 |
1,065.2 |
993.5 |
703.6 |
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary Issue |
448.8 |
364.8 |
274.3 |
199.5 |
|
Total Common Shares Outstanding |
448.8 |
364.8 |
274.3 |
199.5 |
|
Total Risk-Weighted Capital |
- |
- |
0.9 |
0.5 |
|
Tier 1 Capital % |
- |
- |
7.26% |
9.80% |
|
Total Capital % |
- |
- |
9.49% |
12.83% |
|
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 |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified Normal |
Restated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate (Period Average) |
81.86564 |
74.041708 |
69.60265 |
69.026932 |
|
Auditor |
ACNABIN |
ACNABIN |
ACNABIN |
ACNABIN |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
Cash Receipts |
118.4 |
114.6 |
11.2 |
7.5 |
|
Cash Payments |
-95.2 |
-85.2 |
-1.5 |
-10.8 |
|
Cash Taxes Paid |
-12.8 |
-11.8 |
-6.3 |
-6.7 |
|
Cash Interest Paid |
- |
- |
-53.5 |
-41.8 |
|
Other Assets |
6.6 |
-89.4 |
-267.4 |
-163.7 |
|
Other Liabilities |
111.6 |
133.7 |
270.2 |
233.2 |
|
Other Operating Cash Flow |
-9.3 |
-9.1 |
62.7 |
53.6 |
|
Changes in Working Capital |
108.9 |
35.1 |
65.5 |
123.0 |
|
Cash from Operating Activities |
119.4 |
52.7 |
15.3 |
71.2 |
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-2.6 |
-3.1 |
-17.2 |
-1.6 |
|
Capital Expenditures |
-2.6 |
-3.1 |
-17.2 |
-1.6 |
|
Sale/Maturity of Investment |
2.0 |
9.1 |
6.4 |
9.7 |
|
Investment, Net |
-5.4 |
0.3 |
-6.2 |
0.4 |
|
Other Investing Cash Flow |
20.8 |
6.5 |
10.2 |
10.0 |
|
Other Investing Cash Flow Items, Total |
17.4 |
15.9 |
10.4 |
20.1 |
|
Cash from Investing Activities |
14.8 |
12.8 |
-6.8 |
18.5 |
|
|
|
|
|
|
|
Sale/Issuance of Common |
8.1 |
5.8 |
14.2 |
0.0 |
|
Common Stock, Net |
8.1 |
5.8 |
14.2 |
0.0 |
|
Issuance (Retirement) of Stock, Net |
8.1 |
5.8 |
14.2 |
0.0 |
|
Long Term Debt, Net |
138.5 |
70.9 |
5.4 |
-4.0 |
|
Issuance (Retirement) of Debt, Net |
138.5 |
70.9 |
5.4 |
-4.0 |
|
Cash from Financing Activities |
146.6 |
76.7 |
19.6 |
-4.0 |
|
|
|
|
|
|
|
Net Change in Cash |
280.8 |
142.2 |
28.2 |
85.7 |
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
328.2 |
220.8 |
206.7 |
122.7 |
|
Net Cash - Ending Balance |
609.0 |
362.9 |
234.8 |
208.4 |
|
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 |
Restated Normal |
Restated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate (Period Average) |
81.86564 |
74.041708 |
69.60265 |
69.026932 |
|
Auditor |
ACNABIN |
ACNABIN |
ACNABIN |
ACNABIN |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
Interest Income |
118.4 |
114.6 |
74.8 |
54.9 |
|
Total Revenue |
118.4 |
114.6 |
74.8 |
54.9 |
|
|
|
|
|
|
|
Interest paid on deposits and borrowings |
95.2 |
85.2 |
53.5 |
41.8 |
|
Provision against loans and advances |
12.2 |
3.8 |
3.9 |
4.2 |
|
Total Operating Expense |
107.4 |
89.1 |
57.4 |
46.0 |
|
|
|
|
|
|
|
Income from Investment. |
25.3 |
19.4 |
16.6 |
19.7 |
|
Commission,Exchange and Brokerage |
14.2 |
13.6 |
11.2 |
7.5 |
|
Other Operating Income |
3.8 |
4.0 |
4.8 |
2.1 |
|
Exchange Equalisation |
- |
0.0 |
0.0 |
0.0 |
|
Operating expenses |
-25.6 |
-27.8 |
-19.2 |
-14.7 |
|
Provision for off balance sheet exposure |
-1.1 |
0.2 |
-0.8 |
-0.9 |
|
Provision for diminution in nalue of inv |
-0.7 |
-1.2 |
-0.2 |
0.0 |
|
Provision for other assets |
0.0 |
0.0 |
0.0 |
- |
|
Contribution to Jamuna bank foundation |
-0.3 |
-0.2 |
-0.1 |
-0.1 |
|
Total Non-Interest Revenue |
43.3 |
37.0 |
32.6 |
29.4 |
|
|
|
|
|
|
|
Total Non-Interest Expense |
-27.7 |
-28.9 |
-20.4 |
-15.7 |
|
|
|
|
|
|
|
Net Income Before Taxes |
26.6 |
33.7 |
29.5 |
22.5 |
|
|
|
|
|
|
|
Provision for Income Taxes |
13.1 |
15.4 |
14.2 |
9.2 |
|
Net Income After Taxes |
13.6 |
18.3 |
15.3 |
13.4 |
|
|
|
|
|
|
|
Minority expenses |
0.0 |
0.0 |
- |
- |
|
Net Income Before Extra. Items |
13.6 |
18.3 |
15.3 |
13.4 |
|
Net Income |
13.6 |
18.3 |
15.3 |
13.4 |
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
13.6 |
18.3 |
15.3 |
13.4 |
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
13.6 |
18.3 |
15.3 |
13.4 |
|
|
|
|
|
|
|
Basic Weighted Average Shares |
448.8 |
448.8 |
364.8 |
364.8 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.03 |
0.04 |
0.04 |
0.04 |
|
Basic EPS Including ExtraOrdinary Items |
0.03 |
0.04 |
0.04 |
0.04 |
|
Diluted Net Income |
13.6 |
18.3 |
15.3 |
13.4 |
|
Diluted Weighted Average Shares |
448.8 |
448.8 |
448.8 |
448.8 |
|
Diluted EPS Excluding ExtraOrd Items |
0.03 |
0.04 |
0.03 |
0.03 |
|
Diluted EPS Including ExtraOrd Items |
0.03 |
0.04 |
0.03 |
0.03 |
|
DPS-Fully Paid Ord. Shrs |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
26.6 |
33.7 |
29.5 |
22.5 |
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
13.1 |
15.4 |
14.2 |
9.2 |
|
Normalized Income After Taxes |
13.6 |
18.3 |
15.3 |
13.4 |
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
13.6 |
18.3 |
15.3 |
13.4 |
|
|
|
|
|
|
|
Basic Normalized EPS |
0.03 |
0.04 |
0.04 |
0.04 |
|
Diluted Normalized EPS |
0.03 |
0.04 |
0.03 |
0.03 |
|
Depreciation, Supplemental |
1.2 |
1.0 |
1.1 |
0.7 |
|
Annual Balance Sheet |
|
Financials in: USD (mil) |
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Restated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate |
81.199997 |
81.83 |
70.475 |
69.26 |
|
Auditor |
ACNABIN |
ACNABIN |
ACNABIN |
ACNABIN |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
Cash in Hand |
12.7 |
8.4 |
14.2 |
6.8 |
|
Balance with Bangladesh Bank and its |
73.0 |
51.2 |
49.5 |
39.6 |
|
Balance with other banks and financial i |
28.3 |
62.0 |
14.6 |
23.0 |
|
Balance with other banks and financial i |
15.3 |
9.7 |
3.1 |
8.4 |
|
Money at call and short notice |
7.0 |
0.0 |
0.0 |
7.2 |
|
Investments-Government |
300.9 |
195.4 |
150.1 |
122.4 |
|
Investments-Asset pledge as securities |
176.8 |
0.2 |
0.4 |
0.4 |
|
Investments-other |
12.0 |
6.5 |
6.2 |
0.0 |
|
Loans, cash credits, over drafts etc. |
568.2 |
550.8 |
603.3 |
428.0 |
|
Bills purchased and discounted |
114.6 |
143.3 |
102.4 |
38.2 |
|
Fixed assets including land, building fu |
29.2 |
27.6 |
25.9 |
9.8 |
|
Other assets |
15.0 |
10.1 |
23.8 |
19.8 |
|
Total Assets |
1,352.9 |
1,065.2 |
993.5 |
703.6 |
|
|
|
|
|
|
|
Current account and other accounts etc. |
107.7 |
96.3 |
99.5 |
68.1 |
|
Bills payable |
14.9 |
12.1 |
11.0 |
7.5 |
|
Saving bank deposits |
62.1 |
54.7 |
56.3 |
41.7 |
|
Fixed deposits |
550.3 |
523.7 |
520.7 |
363.9 |
|
Short term deposits |
47.2 |
32.2 |
60.1 |
39.9 |
|
Deposits under special scheme |
196.0 |
140.6 |
112.1 |
88.3 |
|
Foreign currency deposit |
2.4 |
2.1 |
1.2 |
2.2 |
|
Borrowings from other Banks, financial i |
210.4 |
70.3 |
7.1 |
1.8 |
|
Total Long Term Debt |
210.4 |
70.3 |
7.1 |
1.8 |
|
|
|
|
|
|
|
Other liabilities |
59.3 |
44.0 |
34.5 |
32.8 |
|
Minority Interest |
0.0 |
0.0 |
0.0 |
- |
|
Total Liabilities |
1,250.4 |
976.0 |
902.5 |
646.1 |
|
|
|
|
|
|
|
Paid up capital |
55.3 |
44.6 |
31.6 |
23.4 |
|
Statutory reserve |
26.3 |
21.1 |
17.4 |
11.8 |
|
Other reserves |
13.2 |
13.0 |
32.5 |
13.4 |
|
Retained earnings |
7.8 |
10.6 |
9.4 |
8.9 |
|
Total Equity |
102.6 |
89.2 |
90.9 |
57.5 |
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
1,352.9 |
1,065.2 |
993.5 |
703.6 |
|
|
|
|
|
|
|
S/O-Fully Paid Ord. Shrs |
448.8 |
364.8 |
274.3 |
199.5 |
|
Total Common Shares Outstanding |
448.8 |
364.8 |
274.3 |
199.5 |
|
Total Capital % |
- |
- |
9.49% |
12.83% |
|
Tier 1 Capital % |
- |
- |
7.26% |
9.80% |
|
Total Risk-Weighted Capital |
- |
- |
948.4 |
450.0 |
|
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 |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified Normal |
Restated Normal |
Updated Normal |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate (Period Average) |
81.86564 |
74.041708 |
69.60265 |
69.026932 |
|
Auditor |
ACNABIN |
ACNABIN |
ACNABIN |
ACNABIN |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
Cash Receipts |
118.4 |
114.6 |
11.2 |
7.5 |
|
Cash Payments |
-95.2 |
-85.2 |
-1.5 |
-10.8 |
|
Fee & commision received |
14.2 |
13.6 |
- |
- |
|
Payment to employees |
-16.2 |
-19.0 |
- |
- |
|
Payments to Supplier |
-8.2 |
-2.1 |
-12.2 |
- |
|
Cash Taxes Paid |
-12.8 |
-11.8 |
-6.3 |
-6.7 |
|
Receipts from other operating activities |
3.8 |
4.0 |
4.8 |
2.1 |
|
Payments for other operating activities |
-2.9 |
-5.6 |
-4.7 |
-3.4 |
|
Loans and advances and lease to the cust |
16.6 |
-95.4 |
-250.7 |
-163.0 |
|
Other assets |
-10.0 |
6.0 |
-16.8 |
-0.8 |
|
Deposits from other Banks |
30.6 |
-13.6 |
-11.1 |
51.8 |
|
Deposits from customers |
80.7 |
146.6 |
274.2 |
166.2 |
|
Other current liabilites |
0.3 |
0.7 |
7.0 |
15.2 |
|
Cash Interest Paid |
- |
- |
-53.5 |
-41.8 |
|
Extraordinary income |
- |
- |
0.0 |
0.0 |
|
Interest receipts |
- |
- |
74.8 |
54.9 |
|
Cash from Operating Activities |
119.4 |
52.7 |
15.3 |
71.2 |
|
|
|
|
|
|
|
Income received from investments |
23.4 |
10.2 |
10.2 |
10.0 |
|
Proceeds from sale of secuirities(gain) |
2.0 |
9.1 |
6.4 |
9.7 |
|
Payments for purchase of secuirities |
-5.4 |
0.3 |
-6.2 |
0.4 |
|
Purchase of property, plant & equipments |
-2.6 |
-3.1 |
-17.2 |
-1.6 |
|
Purchase of CSE memebership |
0.0 |
-3.8 |
0.0 |
- |
|
Adjustment for property, plant & equipme |
-2.6 |
0.0 |
0.0 |
0.0 |
|
Prilimenery Expenses |
0.0 |
0.0 |
0.0 |
- |
|
Cash from Investing Activities |
14.8 |
12.8 |
-6.8 |
18.5 |
|
|
|
|
|
|
|
Increase/decrease of long term borrowing |
138.5 |
70.9 |
5.4 |
-4.0 |
|
Right issue subscription money |
8.1 |
5.8 |
14.2 |
0.0 |
|
Cash from Financing Activities |
146.6 |
76.7 |
19.6 |
-4.0 |
|
|
|
|
|
|
|
Net Change in Cash |
280.8 |
142.2 |
28.2 |
85.7 |
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
328.2 |
220.8 |
206.7 |
122.7 |
|
Net Cash - Ending Balance |
609.0 |
362.9 |
234.8 |
208.4 |
|
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.86 |
|
|
1 |
Rs.103.06 |
|
Euro |
1 |
Rs.84.92 |
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.