MIRA INFORM REPORT

 

 

Report Date :

06.03.2014

 

IDENTIFICATION DETAILS

 

Name :

JANATA BANK LIMITED

 

 

Registered Office :

Janata Bhaban, 110, Motijheel C/A, Dhaka-1000

 

 

Country :

Bangladesh

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

1971

 

 

Com. Reg. No.:

C-66933   

 

 

Legal Form :

State-owned Company

 

 

Line of Business :

Engaged in providing commercial banking services.    

 

 

No. of Employees

15071

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

 

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 – december 01, 2013

 

Country Name

Previous Rating

(30.09.2013)

Current Rating

(01.12.2013)

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

 

 


IDENTIFICATION DETAILS

 

Correct company Name

:

Janata Bank Limited.

Head Office

:

Janata Bhaban, 110, Motijheel C/A, Dhaka-1000, Bangladesh. 

Tel No

:

880-2-9560000, 9560039, 9566245-49, 9560027-30, 9560042-43, 9565041-45, 9566028-29 

Fax No

:

880-2-9564644

E-mail

:

md@janatabank-bd.com ,

mas_dmd@janatabank-bd.com  

jbcomp@citechco.net

Website

:

www.janatabank-bd.com

Date/

Year of Incorporation

:

1971

Incorporation No.

:

C-66933  

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) ________________

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

31st  December’2012

Tk. 34, 239,122,687

Tk. 511, 129,413,437

Tk. 22,016,470,918

31st  December’2011

Tk. 26, 266,118,212

Tk. 446,111,425,614

Tk. 22,849,719,456

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

 

Information Parted By

 

 

 

Name

:

Mr. Md. Emdadul Hoque.

Designation

:

Executive Director.

Contract No

:

-

 

 

Locations Details

 

Operating Address

:

Janata Bhaban, 110, Motijheel C/A, Dhaka-1000, Bangladesh. 

Tel No

:

880-2-9560000, 9560039, 9566245-49, 9560027-30, 9560042-43,

9565041-45, 9566028-29 

Fax No

:

880-2-9564644

E-mail

:

md@janatabank-bd.com

mas_dmd@janatabank-bd.com 

jbcomp@citechco.net

Website

:

www.janatabank-bd.com

 

Location :

: Owned

 

Rented

Ö

 

Leased

 

Area

250000

Sq. ft.

 

 

Type of Office :

  :       Commercial Office Bldg.

Ö

 

Semi-commercial office Bldg.

 

     

 

Retail shop

 

 

Industrial Park

 

     

 

Business Center

 

 

Home Office

 

     

 

Residential Bldg.

 

 

 

 

 

 

 

Motijheel Corporate Branch :

 

 

 

Address

:

48, Motijheel C/A, Dhaka-1000, Bangladesh.

Tel No

:

88-02-9566094, 9565003, 9566089, 9560219, 9564375.

88-02-9558509, 7168883, 9571676, 9554654

Fax No

:

88-02-7113233  

 

Employee:

 

 

 

No. of Employees 

 

In Office

:

15071

In Factory

:

-

In Branch:

:

-

Total

:

15071

 

 

OWNERSHIP/SHAREHOLDERS

 

         Names of Shareholders

                      No. of Share     

Government of the People's Republic of      Bangladesh

(Represented by Finance Secretary, Ministry of Finance)

81,249,991

Dr. Abul Barkat

1

Dr. Jamaluddin Ahmed FCA

1

Mr. Md. Nazibar Rahman

1

Advocate Balaram Podder

1

Mr. Dabir Uddin Ahmed

1

Dr. Md. Abdur Rouf Sardar

1

Mr. Md. Emdadul Hoque

1

Dr. R.M. Debnath

1

Al-haj A.K.M. Shahjahan Kamal

1

 

 

Directors

 

Name

Designation

Dr. Abul Barkat

Chairman

Mr. S.M. Aminur Rahman

Managing Director

Dr. Jamaluddin Ahmed FCA

Director

Mr. Md. Nazibar Rahman

Director

Advocate Balaram Podder

Director

Mr. Dabir Uddin Ahmed

Director

Dr. Md. Abdur Rouf Sardar

Director

Al-haj A.K.M. Shahjahan Kamal

Director

Dr. R.M. Debnath

Director

Mr. Md. Emdadul Hoque

Director

 

MANAGEMENT

 

Name

:

Mr. Md. Emdadul Hoque.

Job Description

:

Executive Director.

Nationality

:

Bangladeshi.

Email address

:

N/A

Other details

:

N/A

BUSINESS OPERATIONS

 

Nature of Activity       :

Commercial Banking

Ö

Trader

 

Dealer

 

Distributor

 

 

 

 

Exporter

 

Importer

 

Services

 

Others

 

 

 

Item Dealings In:

 

Products

:

Commercial Banking Services.    

Production Capacity

:

N/A

Last Year Production

:

N/A

 

 

Trading Terms:

Purchasing Terms:

L/C

 

Cash

 

Others

 

 

 

Credit :

 

30 days

 

60 days

 

90 days

 

 

days

 

Selling Terms      :

L/C

 

Cash

 

Others

 

 

 

Credit :

 

30 days

 

60 days

 

90 days

 

 

days

 

 

DETAILED DATA

 

Trade Reference & Related Parties

:

 

Overseas Clients

:

N/A

Local Clients

:

N/A

 

Overseas Suppliers

:

N/A

Local Suppliers

:

N/A

 

Trade Markets

 

:

 

Exports

:

N/A

 

 

Imports

:

N/A

 

 

 

 

Brand Name

:

N/A

Certified

:

N/A

Auditors

:

Rahman Rahman Huq

Chartered Accountants

Aziz Halim Khair Chowdhury

Chartered Accountants

Operation Status

:

Active.

Member

:

N/A

 

 

CAPITAL STRUCTURE

 

Authorized Capital

:

Tk. 20,000,000,000

 

Paid-up Capital

:

Tk. 8,125,000,000

    No. of Shares

:

812,50,000

Share Value

:

Tk.100.0Each

Main Assets

:

Tk. 511, 129,413,437

 

 

Financials statement – Detailed

 

The subject company don’t submit update financial figure to local registry office.

 

Balance Sheet :

 

  Currency

: Tk

 

       Denomination

: 1

 

         Financial Year Ending

: 31st Dec’2012

 

 

 

Income Statement :

 

  Currency

: Tk

 

       Denomination

: 1

 

         Financial Year Ending

: 31st Dec’2012

ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES

 

Sister Concerns

:

Nil

Subsidiary

:

Nil

Name of  The Group

:

Nil

 

 

BANKING

 

Bank Name  

:

Eastern Bank Limited.

United Commercial Bank Limited.

Dhaka Bank Limited.

National Bank Limited.

Dutch Bangla Bank Limited.

Social Investment Bank Limited.

ICB Islamic Bank Limited.

 

 

ADVERSE DATA MONITORING

 

Dishonored Checks           

 

:     

No Record Found         

Debt

 

:

No Record Found

Litigation  

                   

:

Clear         

Performance Defaults

 

:

No Record Found         

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 Janata Bhaban, 110, Motijheel C/A, Dhaka-1000, Bangladesh. The subject company Executive Director Mr. Md. Emdadul Hoque 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 Banking Services is popular to the local people.   So day by day the subject companies increase their goodwill.

                       

 

Adopted Abbreviations:

NA- Not Available

 TK- Bangladeshi Taka

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

        Rs.61.86

UK Pound

1

Rs.103.06

Euro

1

Rs.84.92

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.