1. About the applicant:
Mr. Abdul Ali, proprietor of M/S Gomoti Plantations
is well experienced
having more than 18 years of experience in this line of business with strong market reputation.
- Ownership Status
: Proprietor
- % of share holding : 100%
- Personal Net worth : 150.00 lac
- Education : Graduate
- Age : 52 years
2. About the enterprise:
- Nature of Business : Agro based production in developing the plantations and
livestock
- Legal Status : Proprietorship
- Year of
Estd. : 2003
- Business Address : South Keranigonj, Dhaka
3. About the security (calculating maximum credit limit):
- 1 (One) Un-dated cheque covering the entire limit
- Hypothecation over the stocks duly insured covering the risk
- Registered Mortgage with IGPA of 3.00 katha of land at Dist: Dhaka, P/S: Keranigonj, Mouza: Keranigonj valued at Tk.40.00 lac (MV) and Tk.30.00 lac (FSV).
4. About the credit needs:
- Nature of Facility : Term Loan
- Amount of
Limit : Tk. 20.00 lac only
- Purpose : To meet up
working capital requirement in their
business
- Rate of Interest
: 18% p.a.
- Mode of repayment: Equal monthly Installment
- CIB Status : STD dt. 15/10/2013
5. About the income and expense i.e. profitability:
Financials in 2012 : Sales/Revenue 310.00
Net Profit 22.70
Total Assets 100.68
Total Liabilities/Debt 20.58
Ratio analysis : Debt–Equity Ratio 0.60
Debt–Service Coverage Ratio
10.08
Current Ratio 1.21
Return on Asset 14.34
Return on Equity 22.99
Net Profit Margin 8.63
6. About the marketing:
7. Recommendation:
Considering the above facts & analysis, we recommend
for approval of the proposed credit facility as Term Loan of Tk. 20.00 lac for the period of 36
months.