MIRA INFORM REPORT

Report Date :

28.10.2014

IDENTIFICATION DETAILS

Name :	DUTCH BANGLA BANK LTD.
Registered Office :	Sena Kalyan Bhaban, 195 Motijheel C/A, Dhaka-1000
Country :	Bangladesh
Financials (as on) :	31.12.2013
Date of Incorporation :	03.06.1996
Legal Form :	Public Listed Company
Line of Business :	Commercial Banking Services.
No of Employees :	5268

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 – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
Bangladesh	B1	A2

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
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.

Source : CIA

IDENTIFICATION DETAILS
Correct company Name	:	DUTCH BANGLA BANK LTD.
Head Office	:	Sena Kalyan Bhaban, 195 Motijheel C/A, Dhaka-1000, Bangladesh.
Tel No	:	88-02-9666238, 7115756, 88-02-7176390-93(PABX)
Fax No	:	88-02-9561889
E-mail	:	dbbl@bdmail.net
Website	:	www.dutchbanglabank.com
Date/ Year of Incorporation	:	June 3, 1996
Incorporation No.	:	C-28754
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
31 December 2012	Tk. 11,2888,449,239	Tk. 155,867,751,639	Tk. 2,313,322,913
31 December 2013	Tk. 12,677,728,318	Tk. 185,013,464,445	Tk. 1,985,934,942
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

FULLCHECK REPORT DETAILS
Information Parted By
Name	:	Mr. Md. Abul Kashem Khan
Designation	:	Senior Vice President
Contract No	:	-

Locations Details
Business Address	:	Sena Kalyan Bhaban, 195 Motijheel C/A, Dhaka-1000, Bangladesh.
Tel No	:	88-02-9666238, 7115756, 88-02-7176390-93(PABX)
Fax No	:	88-02-9561889
E-mail	:	dbbl@bdmail.net
Website	:	www.dutchbanglabank.com

Location :

: Owned

Ö

Rented

Leased

Area

Sq. ft.

Type of Office :	: Commercial Office Bldg.		Semi-commercial office Bldg.
Retail shop		Industrial Park
Business Center		Home Office
Residential Bldg.

Branches:
Address	:	Motijheel Foreign Exchange Branch Zerin Mansion, 55, Motijheel Commercial Area, Dhaka-1000, Bangladesh.
Tel No	:	Nil
Fax No	:	Nil

Employee:
No. of Employees	In Office	:	5268	In Factory	:	-
	In Branch:	:	-	Total	:	5268
Details:

OWNERSHIP/SHAREHOLDERS
Names of Shareholders	No. of Share
Local Sponsors	122,634,240
Foreign Sponsors	51,348,900
Institutions	10,220,360
General Public	15,796,500

DIRECTORS
Name	Designation
Mr. Abedur Rashid Khan	Chairman
Mr. K. Shamshi Tabrez	Managing Director
Mr. Sayem Ahmed	Director
Mrs. Frey-Tang Yuen Mei, Barbara	Director
Mr. Md. Fakhrul Islam	Director
Dr. Syed Fakhrul Ameen	Director
Mr. Chowdhury M. Ashraf Hossain	Director
Mr. Md. Yeasin Ali	Independent Director
Dr. Irshad Kamal Khan	Independent Director

MANAGEMENT
Name	:	Mr. Md. Abul Kashem Khan
Job Description	:	Senior Vice President
Nationality	:	Bangladeshi

BUSINESS OPERATIONS
Nature of Activity :	Manufacturer	Trader	Dealer		Distributor
	Exporter	Importer	Banking Services	Ö	Others

Item Dealings In:
Products	:	Commercial Banking Services.
Production Capacity	:	N/A
Last Year Production	:	N/A

Trading Terms:

Purchasing Terms:	L/C	Ö	Cash	Others
	Credit :		30 days	60 days	Ö	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			:	Nil
Certified			:	Nil
Auditors			:	A. Qasem & Co. Chartered Accountants (A Cooperating firm of PricewaterhouseCoopers) Gulshan Pink City, Suites # 01-03, Level: 7 Plot #15, Road # 103, Gulshan Avenue, Dhaka-1212, Bangladesh Tel No. 88-02-8837285-7 Fax No. 88-02-8837698 E-mail: aqasem@aqcbd.com
Operation Status			:	Active
Member			:	Dhaka Chamber of Commerce & Industry, Dhaka

CAPITAL STRUCTURE
Authorized Capital	:	Tk.4,000,000,000
Paid-up Capital	:	Tk.2,00,00,00,000	No. of Shares	:	20,00,00,000	Share Value	:	Tk.10.00Each
Main Assets	:	Tk. 185,013,464,445

FINANCIAL STATEMENT- DETAILED
Balance Sheet :
	Currency	: Tk.
	Denomination	: 1
	Financial Year Ending	: 31 December

Income Statement
	Currency	: Tk.
	Denomination	: 1
	Financial Year Ending	: 31 December

ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES
Sister Concerns	:	Nil
Subsidiary	:	N/A
Name of The Group	:	Nil

BANKING
Bank Name	:	Southeast Bank Limited Mutual Trust Bank Limited Jamuna Bank Limited Sonali Bank Limited National Bank Limited The City Bank Limited Rupali Bank Limited Agrani Bank Limited Janata Bank Limited Dhaka Bank Limited Standard Chartered Bank

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

The subject company is a public limited company engaged in Banking. Its Head Office situated at Sena Kalyan Bhaban, 195 Motijheel C/A, Dhaka-1000, Bangladesh.

GENERAL COMMENTS

SC is commercial banks which is reputed bank in Bangladesh. A credit line up to USD 4,00,000 would appear to be within SC’s capacities.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.23
UK Pound	1	Rs.98.53
Euro	1	Rs.77.75

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	TPT

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%)

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