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S U M M AR Y

01.

Name of The Project

: Mita Brick Field Ltd.

02.

Location of the Project

:

Factory

: Vairab Nadir Char, Mulghar,
Fakirhat, Bagerhat.

Office

: Vairab Nadir Char, Mulghar,
Fakirhat, Bagerhat.

03. The Project :
The proposal is for setting up a semi-automatic brick manufacturing unit at Mulghar, Vairab
Nadir Char, Fakirhat, Bagerhat. The Government has recently ordered to the bricks
manufacturers to follow eco-friendly technology in their project to protect the country from
de-forestry and environment pollution so semi auto bricks manufacturing plant has been
chosen which is completely eco-friendly. Machinery and equipment for the project will be
china origin but has been proposed to be procured locally. The project is expected to go into
commercial operation within 12 months from the date of starting of civil construction. Total
fixed cost of the project has been estimated at Tk. 891.16 lac.
04. Product Mix and Production capacity :
The product mix and annual production capacity of the proposed project based on 8 hours
operation per day and 250 working days in a year is shown below :
Production Capacity
Item of Product

Unit

Daily

Annual

1. Solid Bricks

No.

50,000

125,00,000

Total

No.

125,00,000

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05. Industrial Classification :
The project is covered under Misc. sub-sector as per Bank’s Classification.
06. Promoter :
The project is a private limited company. The company has been formed consisting of 2
(two) members of the same family. They are experienced, resourceful and qualified
businessman. From their business back ground and experience, it is expected that they
will be able to implement the project successfully and operate profitably. The particulars
of the directors are as under:
Name of the promoters
Sheikh Mohammad Ali
F/N: Sheikh Ibrahim Hossain
M/N: Mrs. Jarina Begum.
S. M. Mehedy Hasan Mookut,
F/N: Sheikh Mohammad Ali
M/N: Rojina Yasmin.

Address(es)

Status

Shares

Vill: Attaki, P.O: Fakirhat,
P.S: Fakirhat, Dist: Bagerhat.

Managing
Director

75%

Vill: Attaki, P.O: Fakirhat,
P.S: Fakirhat, Dist: Bagerhat.

Director

25%

Total

100%

07. Chief Executive Officer :
Mr. Sheikh Mohammad Ali, The Managing Director of the company will be the Chief
Executive Officer. He is a resourceful, experienced, hard working and committed
businessman. He has an excellent business track record.

Page # 3

08. Organizational Set Up : Private Limited Company.
09. Proposal :
a) Disbursable Project Loan

: Tk. 400.00 lac.

b) Working capital Loan

: Tk. 100.00 lac.

10. Credit Worthiness :
The credit worthiness of the sponsors has been compiled based on immovable properties
declared by the sponsors. They also produced deed & documents of their properties. The
total networth of the project has been assessed as under :
(Tk, in Lac.)
Description

Assessed by
the Sponsors
Declared
value

Immovable property

1147.32

Assessed by the
Bank’s officers
Present
market
value
702.72

Forced
sale
value
618.80

Assessed by enlisted surveyor
farm Unique Survey
Service Bureau.
Present
Forced sale
market value
value
844.29

717.64

It may be mentioned here that the forced sale value assessed by Unique Survey Service
Bureau is Tk. 717.64 lac. On the other hand the forced sale value assessed by Bank
Officers is Tk. 618.80 lac. For the purpose of Appraisal forced sale value assed by Bank
Officer has been considered. Details of credit worthiness has been shown in ANNEXXVI.
11. Ownership of the Land :
The ownership of the proposed land has been verified by the Bank officials. A detailed
verification has been carried out to the Upa Zilla AC land, Tax and Zilla registration
office. The ownership of the land has been found in favour of sponsor. Paper and
documents of the land has also been verified by the Bank’s lawyer. He has expressed
favourable comments about the ownership of the land. He also comments that the
ownership of land will be adequate to protect Bank’s interest.

The land has been valued by the bank enlisted surveyor farm namely Unique Survey Service Bureau.00 †_‡K 1.75 (250X .000.00) jvL UvKv Ges †dvm©W ‡mj f¨vjy 233.75 D‡jøL¨.00 (250X 1. Khulna and Bank’s officials.00 UvKv| ‡gŠRv †iU Abyhvqx 250 kZvsk Rwgi g~j¨ 39.000.704.Page # 4 12.00 233. 2011 mv‡ji Rb¨ ev‡MinvU †Rjvi dwKinvU mve-‡iwRóªx Awd‡mi Aaxb wewfbœ †gŠRvi Mo g~j¨ ZvwjKvq ‰fie b`xi Pi †gŠRvq wejvb f~wgi cÖwZ kZvs‡ki g~j¨ aiv n‡q‡Q 15.nvj454 _vbv.10.ev‡MinvU| ‡gvU t 250 kZvsk - eZ©gv ‡dvm b ©W evRvi †mj g~j¨ f¨vjy 250. details of which are as under : e¨vsK KZ…©K g~j¨vqb weeiY Rwgi cwigvb Rwg t ‡gŠRv.00) jvL UvKv Ges †dvm©W ‡mj f¨vjy 225.00 (250X 1. 5.00 (250 X 90.75 275.000. Valuation of Land : K) Project Land : The area of proposed project land will be 250 decimal.00 233.000.00. Beni Babu Road.00) jvL UvKv| Ab¨w`‡K e¨vs‡Ki ZvwjKvf~³ mv‡f©qvi †Kv¤úvbx BDwbK mv‡f© mvwf©m ey‡iv KZ…©K g~j¨vq‡b 250 kZvsk Rwgi evRvi g~j¨ 275. ‡R Gj bs.00 225.dwKinvU WvKNidwKinvU ‡Rjv.000. Abdullah Manson.26 jvL UvKv| eZ©gv‡b D³ GjvKvq cÖwZ kZvsk Rwg 90.68 `vM bs.17 LwZqvb bsAviGm.00 225.00 250.30.ˆfie b`xi Pi.00 (jvL UvKvq) e¨vs‡Ki ZvwjKvf~³ mv‡f©qvi †Kv¤úvbx BDwbK mv‡f© mvwf©m ey‡iv KZ…©K g~j¨vqb eZ©gvb ‡dvm©W evRvi g~j¨ †mj f¨vjy 275.00 UvKvq µq-weµq n‡”Q| e¨vs‡Ki g~j¨vq‡b 250 kZvsk Rwgi evRvi g~j¨ 250.

00) jvL UvKv| .Page # 5 93.500.

70 jvL UvKv| eZ©gv‡b D³ GjvKvq cÖwZ kZvsk Rwg 90.00 153.30.dwKinvU WvKNi.ev‡MinvU| ‡gvU t Rwgi eZ©gv ‡dvm cwigv b ©W b evRvi †mj g~j¨ f¨vjy 170 170.ˆfie b`xi Pi.00 (170X 1.10.00) jvL UvKv| .000.00 (170X 90.00 158.454 _vbv.17 LwZqvb bsAviGm.000.00 kZvsk Rwgi evRvi g~j¨ 170.00 UvKvq µq-weµq n‡”Q| e¨vs‡Ki g~j¨vq‡b 170.95 187.nvj.00 158.00 153.704.00) jvL UvKv| Ab¨w`‡K e¨vs‡Ki ZvwjKvf~³ mv‡f©qvi †Kv¤úvbx BDwbK mv‡f© mvwf©m ey‡iv KZ…©K g~j¨vq‡b 170 kZvsk Rwgi evRvi g~j¨ 187.000. 2011 mv‡ji Rb¨ ev‡MinvU †Rjvi dwKinvU mve-‡iwRóªx Awd‡mi Aaxb wewfbœ †gŠRvi Mo g~j¨ ZvwjKvq ‰fie b`xi Pi †gŠRvq wejvb f~wgi cÖwZ kZvs‡ki g~j¨ aiv n‡q‡Q 15.dwKinvU ‡Rjv.00) jvL UvKv Ges †dvm©W †mj f¨vjy 158.95 D‡jøL¨.00 UvKv| ‡gŠRv †iU Abyhvqx 170 kZvsk Rwgi g~j¨ 26.68 `vM bs.000.500.00 †_‡K 1.00) jvL UvKv Ges †dvm©W †mj f¨vjy 153.00.95 (170X 93.00 (jvL UvKvq) e¨vs‡Ki ZvwjKvf~³ mv‡f©qvi †Kv¤úvbx BDwbK mv‡f© mvwf©m ey‡iv KZ…©K g~j¨vqb eZ©gvb evRvi g~j¨ ‡dvm©W †mj f¨vjy 187.Page # 6 L) PjwZ g~jab F‡Yi wecix‡Z eÜKx Rwgi weeiY t e¨vsK KZ…©K Ges e¨vs‡Ki ZvwjKvf~³ mv‡f©qvi †Kv¤úvbx BDwbK mv‡f© mvwf©m ey‡iv-Gi gva¨‡g PjwZ g~jab F‡Yi wecix‡Z eÜKx Rwgi eZ©gvb evRvi g~j¨ I †dvm©W ‡mj f¨vjy cÖYqb Kiv nq hvÕ wb‡¤œ cÖ`vb Kiv n‡jv t e¨vsK KZ…©K g~j¨vqb weeiY Rwg t ‡gŠRv.000.00 kZvsk - 170.00 (170X 1. ‡R Gj bs.

50 times on disbursable fund will have to be taken if a pari-passu charge on the existing project can not be created in its favor .00 lac by the bank officials.25 times on disbursable fund will have to be taken . building & other civil construction on the project land. ii) For a project. V(e) Ges V(f) (i) aviv¸‡jv wb‡¤œv³fv‡e ms‡kvab Kiv n‡q‡Q t V(f) In case of financing working capital loan. The value of land has been estimated at Tk. on proposed working capital loan may be considered adequate.53 times. . 153. 771. e¨vs‡Ki cwiPvjbv cl©‡`i 09-05-2011 Zvwi‡L AbywôZ 41 Zg mfvi wm×v‡šÍi †cÖwÿ‡Z Lending policy. not financed by BDBL additional collateral security equivalent to 1.5 times. machinery & equipment to be installed.Page # 7 13. other fixed assets of the project valuing Tk. It may be mentioned here that debt equity ratio is 46 : 54. Since the project would be financed by BDBL additional collateral security equivalent to 1.78 times of the loan.53 times to the proposed working capital loan of Tk. 428. no collateral security will be required if its immovable properties covers FACR to the extent of 1.Gi Security Clause – Gi V(a). b) Working capital Loan : For working capital loan the sponsor offered land measuring 170 decimal adjacent to the project land. additional collateral security equivalent to 1. iii) In case of a self financing project. additional collaterial security as given below will have to be taken : i) For a project already financed or to be financed by BDBL. The value of proposed mortgage property is 1. 100. The mortgage property is 1. Security of Loans : a) For Term Loan : The sponsor will mortgage project land measuring 250 decimals.00 lac.00 lac.60 lac against proposed loan amounting to Tk.

reference was made to the declared bank.Mulghar. The report is yet to be received. No Objection Certificate has been taken from the Department of Environment. District . The project will use coal for burning bricks. The land is attached to Khulna -Dhaka highway and adjacent to Fakirhat Upzilla head quarter. Government of Bangladesh. 0.3/4(1)A/3790 dated 30/10/2011. 08. So.O. Thana – Fakirhat. The Government has recently ordered to the bricks manufacturers to follow eco-friendly technology in their project to protect the country from de-forestry and environment pollution. Union – Mulghar. 17/2004 dated 26-12-2004. The market price of land has been estimated at Tk. The CIB report favourable to the sponsors. . required measures will be taken as per Govt. Bagerhat Branch. 225. With the authorization of the sponsors. Moreover. the land is considered suitable for the proposed project. Pollution Control and Waste Disposal : The brick manufacturing unit create harmful waste. So. Land : The project has been proposed to be located at Vill. The area of project land is 250 decimals. Mouza – Vairab Nadir Char. H. Infrastructural facilities are available at the project site. 14. 16.Bagerhat. Dhaka vide letter no. instruction. Banker’s Opinion : Sponsors declared Bank : Sponsors have declared accounts in Islamic Bank Bangladesh Limited.00 lac @Tk. CIB report of Bangladesh Bank : CIB report has been received from MIS Department BDBl.90 lac per decimal. The land is adequate to accommodate all physical facilities required for the project. Information regarding sponsors financial transactions with other banks are not required because of CIB report from Bangladesh Bank is to be collected. Other Banks : As per LOD circular No.Page # 8 13. For the purpose Zig Zag kiln has been considered in the project. 15.

generator and deep tube well shed. . The value of machinery has been estimated at Tk. labour shed. etc. no problem is anticipated in this regard. Building : The project requires Machinery shed.50 lac.075 sft. Importable Machinery to be procured locally : The project will require a complete range of semi auto bricks manufacturing plant and machinery. Total covered area of the building stands at 20. Technical Services and quality control : The technology involved for manufacturing of bricks are well known to the technical persons who are available in the country. 6. The Machinery and equipment will be China origin imported which is available in local market. 20. 18.06 lac. Moreover. 284.00 lac. Local Machinery : In addition to importable machinery. 19. sheds and other civil construction to be made has been estimated at Tk. Total cost for erection & installation of machinery has been estimated at Tk.19 lac. 74. As a result the bricks to be manufactured will be of good quality. The total cost of buildings. 21. the owner of the project is an experienced brick manufacturer & trader and the machinery supplier will provide required technology for production of automatic bricks and hence. The cost of local machinery & equipment has been estimated at Tk. Erection & Installation : Erection and installation of machinery will be done by the local technician under the guidance of Chinese Engineers & local experts. The importable machinery has been proposed to be procured locally.Page # 9 17. Brick storage shed. the project will require some local machinery and equipment which will be procured from local market. Experienced and skilled technical personnel will be recruited for smooth operation and maintenance of machinery. factory office. 142.

Cost of the Project : The total cost of the project has been estimated at Tk. Employment Opportunity : The project after implementation will create job opportunities for 97 persons of various category.57 lac.73 lac per annum to GDP of the country. Fixture & Equipment Safety Equipment Pre-Operating Expenses Interest During construction 22500 0 0 0 0 0 0 0 0 221 0 Total Fixed Cost Net Working Capital Total cost of the Project To be Incurred Total Cost 2925 28406 7419 14250 900 360 25425 28406 7419 14250 900 360 8610 150 100 475 2800 8610 150 100 696 2800 22721 66395 89116 0 3761 3761 22721 70156 92877 . 24. Contribution to GDP : The project will contribute Tk. 488. 23. 928. 25.Page # 10 22.77 lac. Cost per Employment : The cost per employment has been estimated at Tk. in '000') Item Incurred Land & Land Development Building & other civil works Imported Machinery to be Procured Locally Local Machinery Erection & Installation Security Deposit Vehicles Furniture. Estimated fixed cost of the project is as under : (Tk. 9.

137. Fixture & Equipment Safety Equipment Pre-Operating Expenses Interest During construction Net Working Capital 0 17498 6677 12825 0 0 3000 0 0 0 2800 0 00 62 90 90 0 0 31 0 0 0 100 0 25425 10908 742 1425 900 360 5610 150 100 696 0 3761 100 38 10 10 100 100 69 100 100 100 0 100 25425 28406 7419 14250 900 360 8610 150 100 696 2800 3761 Total Cost of the Project 42800 46 50077 54 92877 b) Estimated Working capital requirement for Tk.61 lac of the proposed project is to be meet up as under : Item Cash Credit (Hypo) from Bank Sponsors’ Participation Total Amount (Tk. In ‘000’) 10000 3761 13761 . in ‘000’ Item Bank’s Loan Amount % of total Investment Sponsor’s Investment Amount % of total Investment Total Land & Land Development Building & other civil works Machinery to be Procured Locally Local Machinery Erection & Installation Security Deposit Vehicles Furniture.Page # 11 26. Means of Finance : a) The fixed cost required for the project is to be financed as under : Tk.

79 & 2.96 times during the first five years of projected operation of the project.00 times on completion of the project.50. Debt-service coverage ratio : The debt-service coverage ratio of the project works out to 5. . Profitability : (Tk. 2.Page # 12 27. Fixed Assets Coverage Ratio : The fixed assets coverage to long term loan works out to 2. in '000') Item 1st Year 2nd Year 3rd Year 4th Year 5th Year 75% 80% 85% 90% 90% Sales Revenue 56589 64449 68738 72813 73106 Gross Profit 29594 33890 36308 38605 38419 Net Operating Profit 20965 22387 25331 28327 28867 Net Profit 15724 16790 18998 21245 21650 Gross profit to sales (%) 52 53 53 53 53 Operating Profit to sales (%) 44 46 46 46 46 Net profit to sales (%) 28 26 28 29 30 Return on Equity (%) 23 20 18 17 15 Capacity Utilization Ratios : 28.48. 2. 30. 2.88. Debt-Equity Ratio : Total Cost 46 : 54 29.

Total : (Taka in ‘000’) 25425 28556 22929 8610 250 85770 . 263. 34. Break-Even Point : The project is expected to break-even at 38% of the capacity utilization with sales volume of Tk. 33.70 lac. Security Margin : BDBL loan will be secured in the following way : (5) Mortgage/hypothecation by way of 1st charge on the tangible fixed assets of the project both existing and future value estimated at Tk 857. Financial Rate of Return : The project promises a financial rate of return about 36%. As under : Item Land Building Machinery Vehicle Other Assets. 32.Page # 13 31. Details in Annex – VI/A & VI/B. Sensitivity Analysis : Necessary sensitivity tests have been made and the project withstands the tests.47 lac.

Towards mortgage of tangible fixed assets of the project. considered suitable for BDBL financing..00 lac and IDCP of Tk. Conclusion and recommendations : The project is found technically feasible.00 lac may be sanctioned to M/S.. Mulghar. therefore. 528. Working capital 100. 28. In view of the above. . Credit Risk Grading : Credit Risk Grading of the project stands at 81. it is recommended that a term loan of Tk. (i) The sponsors shall submit registered power of Attorney in favour of BANGLADESH DEVELOPMENT BANK LTD. Fakirhat. 400. . MITA BRICK FIELD LTD.XVII” 36. Bagerhat in the terms and conditions as spelt out in the Appraisal Report and Memo for credit committee. financially rewarding and economically & commercially viable and is.00 lac.Page # 14 Valid mortgage/hypothecation will be created by the borrowers after installation of machinery. and (ii) Personal guarantee of the directors of the project in their individual capacity including the following which will be vacated after liquidation of loan. Vairab Nadir Char. Which is acceptable and shown in “Annexure.00 lac totaling Tk. 35.

00 dived into 10. S.00.Page # 15 Section – I Management Aspects Introduction : The proposal is for setting up a semi-automatic brick manufacturing unit at Mulghar.00 each. 10. Vairab Nadir Char. Director 25% F/N : Sheikh Ibrahim Hosain M/N : Mrs.00. Managing Director 75% Attaki. Fakirhat. Fakirhat.000. Jarina Begum 2. Rojina Yasmin Total 100% . The Government has recently ordered to the bricks manufacturers to follow eco-friendly technology in their project to protect the country from de-forestry and environment pollution so semi auto bricks manufacturing plant has been chosen. Mehedy Hasan Mookut F/N : Sheikh Mohammad Ali M/N : Mrs. Bagerhat. Bagerhat. The authorized capital of the company is Tk. 100. Bagerhat. Names and details such as status and share holdings are as under : Name of the Sponsors (5) Sheikh Mohammad Ali Address Status Share Attaki.000 ordinary shares of Tk.00. Corporate Structure : The project has been proposed to be promoted by a group of 2 persons. Legal Status of the Organisation : The proposed project is being promoted as a Private Limited Company. Fakirhat. M. The project has been registered with the registrar of Joint stock companies under the companies Act 1994.

After completion of education. A. the Director of the company is studying BBA. After completion of education he will fully involved himself in his family business. He is also involved in Fish culture and processing business. Mr. He is the owner of 2 commercial complex at Fakirhat upazilla head quarter. The proposed company shall be immensely benefited with his experience and resource. . he started business. expected his joining with the company as Director will be beneficial both in the implementation and operation period. He is a first contractor for last 25 years. Sheikh Mohammad Ali is fully qualified to run any business and industrial concern. Director : Mr. Managing Director : Mr. the Management of the Company will be assisted by a team of qualified and experienced professional personnel. qualified and resourceful person. the Managing Director of the company is a B. Mehedi Hasan Mookut. It is therefore. He has been running a brick field for last 17 years. S.Page # 16 Background of the project are detailed below : Mr. S. He is also involved in his father’s business. M. Management and Organisation : The over all management of the company would be vested with the Board of Directors. The Managing Director will be the Chief Executive and will be responsible to look after the dayto-day management and administration of the company under the broad policy/guidelines of the Board of Directors. M. Sheikh Mohammad Ali . Besides. Skeikh Mohammad Ali. aged 20. aged 54. Mehedi Hasan Mookut. Mookut is an young. With his vast experience. He will exercise those powers which will be delegated to him by the Board of Directors from time to time. He has earned vast experience in various business.

50.00. Details of fixed cost is shown in Annex – I.000 125. Total fixed cost of the project has been estimated at Tk.000 Total No. Fakirhat. Machinery and equipment for project has been proposed to be imported from China. The project is expected to go into commercial operation within 12 months from the date of starting of civil construction. Product mix and Production capacity : The product mix and annual production capacity of the proposed project based on 8 hours operation per day and 250 working days in a year is shown below : Production Capacity Item of Product Unit Daily Annual 1. 891.00.16 lac. Vairab Nadir Char. Bagerhat. The Government has recently ordered to the bricks manufacturers to follow eco-friendly technology in their project to protect the country from de-forestry and environment pollution so semi auto bricks manufacturing plant has been chosen which is completely eco-friendly. Solid Bricks No.Page # 17 Section – II Technical Aspects Brief Description of the Project : The proposal is for setting up a semi-automatic brick manufacturing unit at Mulghar.000 . Manufacturing Process : 125.

A Flow Process of the above product mix is shown below : Process Flow Diagram Aggregate Soil loading to Box Feeder by Loader Crushing Clay in Double Shaft Crusher Moulding in Extruder Mixing of clay with Water in Grinder Clay Column Cutting Green Brick Cutting Loading of Green Brick Carrying of green brick to tunnel Dryer Zig Zag Kiln Stock Yard .Page # 18 Technology involved for manufacturing of Solid bricks is very simple.

Page # 19 Project Land and Location : The project is located at Vairab Nadir Char. Sheikh Mohmmed Ali D‡jøL¨. No : 17 Khatian No. The land is 1/2 km distance from north side of Fakirhat Bazar and 300’ distance East side of Khulna – Dhaka Natoinal Highway. L. Mulghar.26 jvL UvKv| eZ©gv‡b D³ GjvKvq cÖwZ kZvsk Rwg 90. : Fakirhat. : R. Fakirhat.S.00 UvKvq µq-weµq n‡”Q| GÕ wn‡m‡e 1.000. 2011 mv‡ji Rb¨ ev‡MinvU †Rjvi dwKinvU mve-‡iwRóªx Awd‡mi Aaxb wewfbœ †gŠRvi †kªYx †f‡` cÖwZ kZK Rwgi Mo g~j¨ ZvwjKvq ‰fie b`xi Pi †gŠRvq wejvb f~wgi cÖwZ kZvs‡ki g~j¨ aiv n‡q‡Q 15.00 jvL UvKv| Rwgi eZ©gvb evRvi g~j¨ aiv n‡q‡Q 250.30. S.S.00 †_‡K 1.704. The land is developed.00 UvKv| ‡gŠRv †iU Abyhvqx 250 kZvsk Rwgi g~j¨ `vuovq 39. Vill : Mulghar. Sheikh Mohammad Ali. : Fakirhat.00.00 UvKv cÖwZ kZvs‡ki g~j¨ aiv n‡j 250 kZvsk Rwgi evRvi g~j¨ `vuvovq 250. Bagerhat attached to the Baroipara Road.000.000. P. 454 Area of land : 250 decimals Owner of land : Mr. 68 Plot No. P. Details of the project land is given as under : District : Bagerhat. : R. Owner of the land is Mr. O.00 jvL UvKv Ges †dvm©W †mj f¨vjy . The land has been inspected by branch inspection team headed by the branch head and selected 250 decimals of land under mouza. Mouza : Variab Nadir Char J.

75 jvL UvKv| .00 jvL UvKv Ges †dvm©W †mj f¨vjy 233.00 jvL UvKv | e¨vs‡Ki ZvwjKvf~³ mv‡f©qvi †Kv¤úvbx BDwbK mv‡f© mvwf©m ey‡iv KZ…©K eZ©gvb evRvi g~j¨vqb Kiv n‡q‡Q 275.Page # 20 225.

As per report of the special inspection team. water and communication etc. are available at the project site. (P) cÖK‡íi Pvwn`v †gvZv‡eK we`y¨r ms‡hv‡Mi wel‡q REB n‡Z m¤§wZ cÎ | REB KZ…©c‡ÿi wbKU n‡Z we`y¨r ms‡hv‡Mi m¤§wZ cÎ Rgv w`‡q‡Q . (O) cÖKí ¯’vc‡bi wel‡q cwi‡ek Awa`ßi †_‡K GkwU AbvcwË cÎ| cwi‡ek Awa`߇ii AbvcwË QvocÎ cvIqv †M‡Q . (L) D‡`¨v³v KZ…©K D³ c„_KK…Z f~wg miKvix mv‡f©qvi/Kvbyb‡Mvi gva¨‡g mv‡f©c~e©K f~wgi mxgvbv mywbwðZKiYmn mv‡f© †¯‹P e¨vs‡K Rgv `vb . Ges (Q) mswkøó GjvKv BU fvUv cÖKí ¯’vc‡bi wel‡q ¯’vbxq KZ…©c‡¶i AbvcwË cÎ Rgv w`‡q‡Q| .Page # 21 All infrastructural facilities like power. the proposed land may be considered by fulfilling under the terms & conditions : (K) e¨vs‡Ki wbKU Mªnb‡hvM¨ we‡ewPZ n‡j cÖ¯ÍvweZ Rwgi hveZxq cÖ‡qvRbxq g~j `wjjvw` mn bvgRvix LwZqvb. nvjbvMv` LvRbvi iwk`. (M) e¨vsK KZ…©K cÖ¯ÍvweZ Rwgi †iwRóªv‡ii Kvh©vjq n‡Z 12 eQ‡ii `vqgy³ mb`cÎ msMÖn Ges cÖPwjZ wbqgvbyhvqx 15w`‡bi mgq w`‡q cwÎKvq AvBbMZ weÁwßi gva¨‡g Rwgi wb¯‹ÈZv hvPvBKiY| cÖ¯ÍvweZ Rwgi `vqgy³ mb` MönY Kiv n‡q‡Q Ges cwÎKvq weÁwß cÖKv‡ki e¨e¯’v †bqv n‡q‡Q| WKz‡g‡›Uk‡bi c~‡e© welqwU wbwðZ Kiv †h‡Z cv‡i . (N) Rwgi gvwjKvbvi wb¯‹ÈKZv I avivevwnKZv Ges `vwLjK…Z mswkøó `wjjvw` e¨vs‡Ki ¯^v_© msi¶‡Y h‡_ó wKÕbv †m wel‡q e¨vsK AvBbRxexi gZvg‡Zi wfwˇZ MönY‡hvM¨Zv PzovšÍ we‡ePbvKiY . eZ©gvb †iKW©-Gi cP©v BZ¨vw`mn e¨vsK AvBbRxexi Pvwn`v (hw` _v‡K) Abyhvqx Ab¨vb¨ KvMRcÎvw` e¨vs‡K Rgv`vb c~e©K Rwgi gvwjK KZ…©K D³ Rwg e¨vs‡Ki bv‡g †iwRw÷ªK„Z eÜKx `wjj I e¨vsK KZ…©K mivmwi weµ‡qi ¶gZvhy³ AcÖZ¨vnvi ‡iwRw÷ªK…Z Avg‡gv³vibvgv `wjj m¤úv`bKiY Ges e¨vs‡Ki AvBbRxex KZ…©K hvPvB A‡šÍ Gi gvwjKvbv ¯^‡Ë¡i 100% wb®‹›UKZv m¤ú‡K© gZvgZ MönYKiY .

Page # 22 .

00. : R. Mulghar.30. Bagerhat attached to the Baroipara Road. Sheikh Mohammad Ali. The land is one plot west site of project land. : Fakirhat.70 jvL UvKv| D‡jøL¨ Av‡jvP¨ RwgwU cÖKí Rwgi cwð‡g GK `vM c‡i Aew¯’Z| eZ©gv‡b D³ ¯’v‡b Rwgi evRvi g~j¨ 1. 452 Area of land : 170 decimals Owner of land : Mr. No : 17 Khatian No. Mouza : Variab Nadir Char J.00.00 UvKv kZK µq weµq n‡”Q| ‡mÕ wnmv‡e D³ Rwgi g~j¨ 1. P.000.000. P. The land is developed. 2011 mv‡ji Rb¨ ev‡MinvU †Rjvi dwKinvU mve-‡iwRóªx Awd‡mi Aaxb wewfbœ †gŠRvi †kªYx †f‡` cÖwZ kZK Rwgi Mo g~j¨ ZvwjKvq ‰fie b`xi Pi †gŠRvq wejvb f~wgi cÖwZ kZvs‡ki g~j¨ aiv n‡q‡Q 15.S.00 UvKv| †gŠRv †iU Abyhvqx 170 kZvsk Rwgi g~j¨ `vuovq 26. The land has been inspected by branch inspection team headed by the branch head and selected 250 decimals of land under Vairab Nadir Char mouza.00 jvL UvKv| e¨vs‡Ki ZvwjKvf~³ mv‡f©qvi †Kv¤úvbx BDwbK mv‡f© mvwf©m ey‡iv KZ…©K . Delails of the project land is given as under : District : Bagerhat.704. Owner of the land is Mr. 33 Plot No. Vill : Mulghar. : Fakirhat.00 n‡Z 1. Fakirhat.00 UvKv aiv n‡j 170 kZK Rwgi g~j¨ `vovq 170.Page # 23 Land to be mortgage against working capital : The proposed land to be mortgaged against working capital loan is located at Vairab Nadir Char.S.00 jvL UvKv| Rwgi eZ©gvb evRvi g~j¨ aiv n‡q‡Q 170. L.00 jvL UvKv Ges †dvm©W †mj f¨vjy 153. The land is 1/2 km distance from north side of Fakirhat Bazar and 300’ distance East side of Khulna – Dhaka National Highway. Sheikh Mohmmed Ali D‡jøL¨. O. S.000. : R.

00 jvL UvKv Ges †dvm©W †mj f¨vjy 158.95 jvL UvKv| .Page # 24 eZ©gvb evRvi g~j¨vqb Kiv n‡q‡Q 187.

The value of machinery has been estimated at Tk. The importable machinery has been proposed to be procured locally. Local Machinery : In addition to importable machinery. office building with toilet. Erection & Installation : Erection and installation of machinery will be done by the local technician under the guidance of Chinese Engineers & local experts. The Machinery and equipment will be China origin imported which is available in local market. The cost of local machinery & equipment has been estimated at Tk. Details of local machinery has been shown in Annex – III/B.19 lac. Details of civil construction including electrification & sanitation has been shown in Annexure-II. Green brick stock shed. The sponsors have submitted a preliminary layout plan showing the proposed construction. 74. Details of imported machinery has been shown in Annex – III/A.00 lac. 142.50 lac. they will have to submit a revised layout plan duly approved by the local authority before signing loan agreement with the bank.Page # 25 Building and Civil Construction: The proposed civil works for the project will be Green brick manufacturing shed including Generator and sub-station room. Machinery and Equipment : Importable Machinery to be procured locally : The project will require a complete range of semi auto bricks manufacturing plant and machinery.06 lac. the project will require some local machinery and equipment which will be procured from local market. 284. Total cost for erection & installation of machinery has been estimated at Tk. guard room. which has been checked & change to be made. However. The cost of proposed civil works has been estimated at Tk. . 6. chimney and Zig-Zag kiln.

The price of vehicles has been estimated at Tk. As a result the bricks to be manufactured will be of good quality. Experienced and skilled technical personnel will be recruited for smooth operation and maintenance of machinery.000 1750 1. ton Cft 12. the owner of the project is an experienced brick manufacturer & trader and the machinery supplier will provide required technology for production of automatic bricks and hence. 1. Items Soil/Mud Coal Sand Unit Total Source Cft M. An amount of Tk. fixture & equipment includes chair. 3. cabinet. almirah. fixture & equipment. no problem is anticipated in this regard.50 lac has been estimated for furniture.000 Local “ “ Transportation : The project will have 3 Nos. Moreover. computer.Page # 26 Technical Services and quality control : The technology involved for manufacturing of bricks are well known to the technical persons who are available in the country. Stores and Spares : . Raw Materials : The annual requirement of raw and packing materials based on 100% attainable capacity of the project and one shift operation of 8 hours per day for 250 working days in a year is given below : Sl. 1. table. Furniture. No. Truck of 10 MT capacity each for carrying raw materials and finished goods. 2.10 lac.50.25. etc. 86. Fixture & Other Assets : Factory and office furniture.

0% of its cost for 1st. 3. And the power connection cost of Tk. 2nd. Cost of safety equipment has been estimated at Tk. To meet the emergency need in case of power failure one set of diesel generator of 350 kw has been proposed to be procured locally.00 lac.5% of its cost for the 1 st. Pollution Problem : The brick manufacturing unit create harmful waste. 1.0%. Security deposit for power has been estimated at Tk.0% and 2. 2.5%. The repair and maintenance cost of the building has been estimated at 0. Repair and Maintenance : The annual requirement of repair and maintenance for the machinery has been estimated at 0.00 lac.5% each year of production. fire fighting equipment & first aid box are required which will be procured for the project. required measures will be taken as per Govt. 4th and 5th year of operation respectively. Safety Provision : To fight against fire. 1. 4th and 5th year of operation respectively. 1%. 3rd.60 lac. Moreover. 1. 3rd.5%. Utilities : Power : The project will require a connected load of 300 kw and maximum demand will be 250 KW for 8 hours every day for operation of production machinery. 2. No Objection Certificate will be taken from the Department of Environment. instruction. The cost of diesel generator has been incorporated with the cost of local machinery.5%. 2nd.Page # 27 The project will require Stores & Spares for the machinery and equipment @0. . 3. 1.0% and 2.5%. So. The Government has recently ordered to the bricks manufacturers to follow eco-friendly technology in their project to protect the country from de-forestry and environment pollution.

Tk.700 Mobil LS. Un-Skilled Worker Total No. of Post after 01 03 30 50 84 . of bricks in the kiln. The requirement of fuel and lubricant per annum is shown below : Items Unit Quantity per Annum Grease Kg. administrative and other personnel required for the project are as follows: Name of the Post 01. Water : The required water will be available from the project’s own deep tube well. Factory Manager 02.25.Page # 28 Coal : For blower. About 1. Administrative Personnel & Labour : Technical. 0. firing and burning bricks in the Kiln coal will be required. Machine Operator/Skilled Worker 04. Fuel & Lubricant : The project will require fuel and lubricant.00.000 nos. Production Supervisor 03. The cost of deep tube well has been incorporated with the cost of local machinery. 100 Lubricants Litre 50 Diesel for Truck Litre 14.50 lac Technical.750 MT of coal has been estimated to be used annually for burning 1.

Page # 29 B. . Details Schedule of implementation are shown in Annexure – IV. Marketing Manager 02. Schedule of Implementation : It is expected that project will go into commercial production within 12 months from the date of starting of civil works. Administrative & Account Officer 03. of Post after 01 01 01 03 01 06 13 Total : 84 + 13 = 97 Nos. Driver 05. Peon 16. Security Guard Total No. Administrative & Marketing : Name of the Post 01. Store Keeper 04.

Mulghar. In fact poor countries have come to be regarded as rural slums and the rural to urban migration is an attempt to escape it. This consisted of the government policy of 30opularizing3030on of administration and acceleration of development activities at upzilla level.Page # 30 Section – III Market Aspects 01. rural community also needs to have access to such basic facilities of life. site development for private housing. This policy will require creation of necessary physical infrastructures there within the frame work of national physical plan and the demand for construction materials like bricks etc.25 crore pcs. therefore. In the middle of the Second Plan rather a comprehensive approach was for the first time taken to bring development to the door of people and steam urban migration. The bricks will be produced following mechanical process using modern machinery & environment friendly chimney. Hence one of the objective of planned development is to improve the physical conditioning of living such as housing and water supply. An Overview : Modern development process has come to produce rapid urban growth. covers both urban and rural communities in public and private sectors. office & commercial buildings. Bagerhat. The program consists of development of housing. But as people aspire for comfort. After implementation of the project will be manufactured 1. Of bricks of different class at rated capacity. The sponsors are experienced in this line of business. Fakirhat. They also enjoy a good reputation in the market for their quality product. The programme of development of physical infrastructure. 02. city roads etc. will also increase. . office and commercial buildings. Introduction : The proposed project under consideration envisages for brick field to a environment friendly bricks making unit at Vairab Nadir Char.

With the development of trade and industry and overall expansion of the economy. if implemented. At present. but the over-head working cost is less. is by flooding the market with automatic bricks. semi-government and autonomous organization of which the following deserve special mention : Individual Home Builders : Currently individual construction work is increasing heavily with development of new land in and around Dhaka city. having standard in size. it can cater to the large volume of demand at a time when various government/private institutions/31opularizing31 place orders. roads and bridges. This is a big potential market but since conventional bricks already recognized for a long time. Uses and Users : Solid/building bricks are mainly used in constructing houses and roads. . It may be mentioned here that some times various public works are interrupted due to shortage of bricks. construction sector has also exhibited considerable growth. which have more advantage comparing with conventional bricks. The Project : The products of the project to be produced have comparative advantages over traditional hand made bricks in respect of size/specification. It has already been mentioned here that solid/building bricks are mostly used in the construction of houses. this type of project can supply at a relatively cheaper price. the major users of solid/building brick are the various government. This type of project. Furthermore. the only way to change the market and the peoples’ minds faster. quality etc. Bangladesh is a developing economy and from 1976 onward the economy is striving forward.Page # 31 03. As such. Besides the private housing sector. apartments. bright in colour and hardness in strength. 04. there are about 600 established developers in Bangladesh and there is a large market for construction materials like solid bricks that saves the construction time and cost considerably. The initial cost of this type of project. Real Estate Developers : There was a long time requirement and demand from the developers for automatic bricks. smoothness in surface. though high. may be able to solve this problem. in both public and private sectors.

markets. of semi-pucca and pucca household in the country is given in Ttable – I. Sea port. A large number of constructions in our country take place under the Private Construction Companies to build industries. Table – I /a Number of Semi-Pucca & Pucca House In ‘000’ Structure Urban Rural Total Semi-Pucca 1288 1222 2510 Pucca 1219 450 1669 Total 2507 1672 4179 Assuming that each Semi-Pucca and Pucca house requires about 5. 05. With the introduction of automatic bricks the people will start using these because of advantages compared to conventional bricks. As per population census 2001. urban road.000 bricks on an average respectively. Thus the yearly requirement of bricks has been estimated at 3. commercial areas.570. filling station. Defense Services : Defense services in our country are considered to be one of the most modern and technical organization.00 million + 3320 million) bricks. total no. . Automatic bricks will save the purpose. Industrial Use : Industries needs a strong product with good quality for their heavy construction.Page # 32 Private Construction Contractors : Concept of construction is changing with the passage of time so as the human attitude towards modern technology. They would prefer to use the automatic bricks. Demand Analysis : The demand for bricks depends on the number of additional brick built houses and the requirement of bricks in each additional brick built house. airport require heavy weight and heavy duty construction materials for many years’ usage. Container yard.00 million (250. etc.000 bricks and 40.

In 90’s the inhabitant of Dhaka city fully realized the necessity of apartment. In addition to the demand for bricks in the private sector. In other words.000 Nos. of semi-pucca houses will be 50. the business started flourishing. there will be 133.00%. To be on the conservative side.Page # 33 The budget for 2009-2010 envisaged GDP growth rate at 6.000 and that of pucca houses will be 83. But in early 80’s with the inception of Eastern Housing Ltd. the growth of semi-pucca and pucca houses may be assumed to be 2% and 5% per annum. of Semi-Pucca and Pucca Houses Year 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Semi-pucca 2560 2610 2660 2710 2760 2810 2860 2910 2960 3010 3060 In ‘000’ Number Pucca 1752 1835 1918 2001 2084 2167 2250 2333 2416 2499 2582 It is revealed from Table – II that the yearly additional No. additional houses per annum. huge demand for bricks come from the real estate developers for construction of multistoried apartment/commercial complexes. Table – II Projected No. the No. At that time . of semi-pucca and pucca houses may be projected as shown in Table – II. Ispahani Group is the pioneer in this sector. Based on this growth rate. The apartment project was started in late 70’s in Dhaka city.000 No..

buildings. In 1991. 11 developers formed Real Estate & housing Association of Bangladesh (REHAB) for protection of their own interest. etc. offices. of Developers 11 17 26 35 42 49 55 62 79 76 68 88 126 161 211 300 360 475 600 No. Table – IV /b No. of Apartments 2140 1530 1850 2298 2320 2430 2684 2840 3298 3620 3930 4172 4465 5074 5785 6433 8500 9520 10062 Beyond Rehab members more 110 developers and hundred of individual land/building owners in the city are constructing their houses.Page # 34 only 5 developers were engaged in construction of apartment. of REHAB Member Developers and Apartments Constructed Year 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 No. of developers and apartments are given in Table – IV. . The year wise No.

000 apartment each year. Architects. the developers developed 60. of REHAB member stands at 600. At present total no.000 apartment and they are expected to develop 20. of bricks by 8. of developers stands at 710 and No. The average consumption of bricks by each apartment may be around 2. etc. 8. Hence. various Government departments and agencies are using bricks.00 million.000 – 25. Empirical observation reveals that their requirement for bricks would not exceed 20% of the bricks required by household and apartments. Thus the total no.000 apartment within next 3 years i. Engineers.Page # 35 It appears from Table – IV that during the period from 1991 to 2009 the No of developers has increased @297% while No. It is estimated by Developers. the total requirement for bricks in both public and private sector would be as shown in Table – V Table – V Total Requirement of Bricks Category Household Apartment Government Total Demand in million Nos. During last 20 years.e. In addition to the residential household and apartments. of Apartments has risen @20%. 3570 1600 1034 6204 .00 crore apartments up to 2015.00 lac pieces. that the country will require at least 1.000 apartments stands at 1600.

00% and Rajshahi Division shares 18. As per opinion of the Brick Fields Owners’ Association and few owners of the brick fields there are 3.00% followed by Khulna Division (15. of brick fields are given below : Division Dhaka Chittagong Khulna Rajshahi Sylhet Barisal Total No. So. of brick field in the country stands at 5010. the total production capacity of existing kiln based traditional/manual brick fields in the country is 4573.00 lac pcs.Page # 36 06. Dhaka Division shares 35%. Among the total no. Existing Supply : At present the supply of bricks mostly comes from manual brick fields which produce bricks of inferior quality that are being sold at a higher price. The average annual production capacity of each individual brick field may be about 12.00 million pcs. the government and private institutional users have to use mostly low grade brick to meet their demand findings no other alternative. of Brick Field Authorized Un-authorized 1201 540 743 365 661 103 838 74 226 14 142 103 3811 1199 Total 1741 1108 764 912 240 245 5010 It appears from above that the total no. Chittagong Division occupies 22. the household. Out of 5010 brick fields. Barisal Division and Sylhet Division respectively. .00% covers unauthorized brick fields. authorized brick field constitutes 76% and the rest 24.00%). Division wise No. Due to lack of quality brick manufacturing plant in the country.811 kiln burnt brick fields and 1199 unauthorized brick fields in the country which are producing and marketing their bricks. of brickfield.

010 Nos. there are 15 Nos. Assuming 5.00 million pieces of bricks by each unit. Table – VI Total Bricks Production in the country Category Traditional/Manual Brick Field Automatic Brick Manufacturing Units Total Annual Production in million Nos. maintenance of product quality. the promoters may expect at least 5% share in the total market size for the product. 4573 450 5023 07. etc. Upon adoption of effective and strong marketing strategies. So long as the sponsors of the project will be able to adopt suitable and appropriate marketing strategies. of automatic bricks manufacturing units running with average annual production capacity of 30.Page # 37 In addition to 5. A/ Daily Ittefaq dated 6th February.00 million pieces. supply gap of bricks has been estimated at 2154. the annual production of bricks in the country has been estimated and shown in Table – VI. of traditional/manual brick fields and 15 Nos.00 million pieces. 2010 & 2nd June. Supply Gap : Supply gap has been worked out by deducting the supply from estimated demand for bricks. So. procurement of raw materials. of automatic brick manufacturing units are running with full capacity.010 traditional/manual brick fields. . 2010. adoption of promotional measures. total annual production of these 15 Nos. Market Share : To what extent the proposed project will be able to win over the users by way of creating a market share for the product will depend on the efficiency of the sponsors to handle appropriate marketing strategies in the form of determination of product pricing. 08. Details are given in Appendix – I. of units has been assumed to be 450. it will create effective demand for the product. Based on the above.

Otherwise. Since the project will be equipped with automatic machinery. the quality of the product must be ensured. To have better market.Strength. being an appropriate and effective arrangement for disposing of the products. Quality : Maintenance of quality is considered to be one of the determinants for the successful marketing of the product.Proper size and thickness . it may be difficult for the project to sell their output in the domestic market if the prices are not maintained at a competitive level. The users/consumers generally look forward to the following properties in bricks : . These two systems of selling arrangement. it is expected that it will be able to produce quality products as per the requirement/standard of the users/consumers. .Bright colour . otherwise it may not be able to compete in the local market. the selling prices of concrete products should be determined in such a way that it remains at par within the prevailing price structure. Output Pricing : Next to product quality. The sponsors of the project are also required to adjust selling prices from time to time with the changing prices of other existing units. To maintain the above qualities. To be competitive. Selling Arrangement : At present the existing brick manufacturing units sell their products directly from the plant side. so that they may supply their product smoothly and regularly. the project will be equipped with automatic machinery to be handled with efficient personnel. . Sometimes they supply to the institutional buyers through tender floated by the users. . determination of product pricing plays an important role in achieving the market share for the project.Page # 38 09.Smoothness of surface . . 10. the sponsors of the project may follow the prevailing system of selling. The prices of the product must be competitive to create a market share in the domestic market. 11.

etc. Product Promotion : For promotion of this type of product. labor. Kg. Economic Benefits : 15. For procurement of raw materials for use in the plant. The project will not suffer or the production will not be interrupted/stopped due to shortage of raw materials. The sponsors of the project may like this promotional measures for 39opularizing their products. price. Bagerhat. publication etc.. 03. of the products may act as useful and effective media of promotion. As such. It enjoys all sorts of physical infrastructural facilities such as water. 13.01 Employment Opportunity : The project will create employment opportunity for 97 skilled and semi-skilled personnel. The sponsors of the project will be able to maintain the continuous flow of adequate quantum of raw materials for the project. 15. Direct contact with the users for highlighting the quality. specification etc. the sponsors of the project have managed to procure from local sources. the sponsors of the project are not required to adopt any promotional measures like advertisement. Locational Advantage : The project will be located at Fakirhat. power. 15.50 90.Page # 39 12. on the one hand. Availability and Procurement of Raw Materials : The basic raw materials for the project are clay and coal. it will face no problem in supplying their products to the users. alleviate the unemployment problem as well as improve the standard of living of those who will be employed in this project.00 14. so that the production is kept at regular and continuous level. Price in Tk. for implementation of the project successfully there.02 Contribution to GDP : . The sponsor will procure clay and coal at the following prices : Item Clay Coal Unit Cft. This will.

Page # 40 The project will have some positive contribution to the gross domestic product of the country.10% sulpher. 15. As such. Heat & smoke will be used for burning of brick through recycling process. industrial buildings. Being of this type of coal has been polluting air to the extent of 30%. 15.03 Linkage Effect : It will have forward linkage effect on the society in the sense that it will help the construction of residential. The proposed project will be equipped with automatic machinery and equipment alongwith Hoffman kiln. this type of brick manufacturing project will be environment friendly and congenial to the atmosphere. This introduction will bring Bangladesh in construction industry at least to an acceptable level of quality in infra-structural development. commercial. They are all chimney based brickfield. to replace the existing sub-standard clay brick product and low density sandcement block product in Bangladesh. from which heat and smoke to be generated from burning of coal will not be emitted outside.04 Environmental Effect : At present authorized and un-authorized brick are using wood and coal for burning bricks.e. roads & highways. etc. Appendix – A . Coal is being imported from Megaloy which contains 7% . while Bangladeshi coal contains 1% sulpher. and develop the country’s infrastructural facilities and most important to introduce internationally acceptable specified building material. environment friendly. most standard quality i.

11. Konabari. Narayangonj. Gazipur. Sara Bricks Ltd. Funka Industries Ltd. Nayarhat.. Jinjira.. Bhatiari.. Mirpur. 22. Ltd. Fakirhat. Chandina. 10. 05. Chittagong. Kokma. 04. Bagerhat. Golden Bricks Ltd. 02. Mirpur Ceramic Works. Ltd. 16.. Dhaka.. Nowjur. 06. Koyabazar.. 23. Nayok Auto Bricks Ltd. 20. Gazipur. Mouchak. Comilla. 12. Nowjur Bricks Trading.. Asia Auto Bricks & Ceramics Ltd.. Ashulia.. Chittagong. Bahadurpur. Savar. 14. Unique Ceramic Industries Ltd. Auto Ceramic Co. Dhaka Auto Bricks Ltd. Chowara. Khulna. Dhaka.. Bengal Brickes Ltd. 17.. 09. Brickland Ltd. Dhaka.. Road # 53. Chittagong. 24. Gazipur. Narayangonj. 08. Gazipur. Shafipur. Conforce Ltd. Tashem Auto Bricks. Modern Bricks Ltd. Gazipur. 13. RNR Ltd. Chittagong. Chittagong. Metro Brick Ltd.. . there are 25 automatic brick making plants in the country which are as under : 01. Kaliakoir.. Gulshan # 2. Kathakali. Dhaka – 1212.. Bhatiari.. 19. 07. Kumira. Nasreen Alam & Co. Nayarhat. Building Blocks Ltd. Sundarban Auto Bricks Ltd.. Ashika Auto Bricks. 15.. Fakir & Sons Bricks Ltd. Dhaka. Jessy Auto Bricks Ltd. 03..Page # 41 Existing Auto Bricks Manufacturing Units in the Country : As per information collected from machinery supplier of automatic bricks namely Xian Shunfemng Machinery Industry Co. Mouchak Bricks Ltd. Kalshi.. Chittagong. Gazipur. Dhaka. 18. Banu Bazar.. Kumira. Reza Auto Bricks. 21. Dhaka. 25. Comilla. Borpa. Gazipur. Rupgonj.

57 lac. Tax & Insurance Postage. Power & Fuel Repair and maintenance Rent. Contribution to GDP : On completion.Page # 42 Section – III-A Economic Aspects Employment Opportunity : The project will require a total number of 97 persons of various categories.73 lac to the Gross Domestic Product of the country per annum as detailed below : (Taka in 000) th A : Sales (4 year) 72813 B: Less: Inter-firm transaction : Raw Material Coal Stores & Spares Water. the project will add 488. Cost per employment after to be generated works out to Taka 9. fax. e-mail Stationery & Printing Traveling & Conveyance Others 5625 14175 451 1825 593 446 230 150 175 270 Total 23940 Contribution to GDP (A-B) 48873 . telephone.

Estimated fixed cost of the project is as under : (Tk.Page # 43 Section – IV Financial Aspects Cost of the Project : The total cost of the project has been estimated at Tk.77 lac. in ‘000’) Item Incurred Land & Land Development Building & other civil works Imported Machinery to be Procured Locally Local Machinery Erection & Installation Security Deposit Vehicles Furniture. 928. Fixture & Equipment Safety Equipment Pre-Operating Expenses Interest During construction 22500 0 0 0 0 0 0 0 0 221 0 Total Fixed Cost Net Working Capital Total cost of the Project To be Incurred Total Cost 2925 28406 7419 14250 900 360 25425 28406 7419 14250 900 360 8610 150 100 475 2800 8610 150 100 696 2800 22721 66395 89116 0 3761 3761 22721 70156 92877 .

137.61 lac of the proposed project is to be meet up as under : Item Cash Credit (Hypo) from Bank Sponsors’ Participation Total Amount (Tk.Page # 44 Means of Finance : The fixed cost required for the project is to be financed as under : (Tk. in ‘000’) Item Bank’s Loan Amount % of total Investment Land & Land Development Building & other civil works Machinery to be Procured Locally Local Machinery Erection & Installation Security Deposit Vehicles Furniture. In ‘000’) 10000 3761 13761 . Fixture & Equipment Safety Equipment Pre-Operating Expenses Interest During construction Net Working Capital 0 17498 6677 12825 0 0 3000 0 0 0 2800 0 00 62 90 90 0 0 31 0 0 0 100 0 Total Cost of the Project 42800 46 b) Sponsor’s Investment Amount % of total Investment 25425 10908 742 1425 900 360 (5) 561 0 150 100 696 0 3761 50077 Total 100 38 10 10 100 100 69 100 100 100 0 100 25425 28406 7419 14250 900 360 8610 150 100 696 2800 3761 54 92877 Estimated Working capital requirement for Tk.

Financial Evaluation : Profitability potential of the project has been estimated for five years of operation to assess the financial viability of the project. 4th and 5th years and remaining years of operation . 3rd. g) Annual increment of 5% has been considered for calculation of wages and salaries and bonus of two months basic pay also been provided . 2nd. . The assumptions underlying the earning forecast are as follows : a) The project will operate for 250 days in a year based on 8 hours operation per day. c) Price of raw materials and finished goods have been assumed to remain constant throughout the projected years of operation with the assumption that any increase in the price of raw materials will be off set by the corresponding increase in the price of finished goods . f) Stock of finished goods has been estimated for 15 days . 80%.00 times on completion of the project.Page # 45 Debt-Equity Ratio : Total Cost 46 : 54 Fixed Assets Coverage Ratio : The fixed assets coverage to long term loan works out to 2. b) The capacity build-up has been assumed to be achieved gradually at the rate of 75%. d) Sales prices of the proposed products have been assumed on the basis of market price of such product . 85%. e) Stock of work-in-process has been considered for 3 days . 90% and 90% in the 1st.

Tk. 2. .Building . Break-Even Analysis : The project is expected to break-even at 38% of the capacity utilization with sales volume of Tk.Other Assets - 05% 10% 20% i) As per Govt.88. the profitability forecast reveals the following and found that the project is financially viable. 2.96 times during the first five years of projected operation of the project. ii) Economic life of the project has been assumed to be 10 (ten) years without any major replacement.48.Page # 46 h) Depreciation has been charged on straight line methods at the following rates: .Machinery .50.79 & 2. Based on the above assumptions. 2. policy the project will pay income tax @25% on net profit before tax.47 lac. 263. in ‘000’ Item 1st Year 2nd Year 3rd Year 4th Year 5th Year 90% 95% 100% 100% 100% Sales 56589 64449 68738 72813 73106 Gross Profit 29594 33890 36308 38605 38419 Net Operating Profit 20965 22387 25331 28327 28867 Net Profit 15724 16790 18998 21245 21650 Gross profit to sales (%) 52 53 53 53 53 Operating Profit to sales (%) 44 46 46 46 46 Net profit to sales (%) 28 26 28 29 30 Return on Equity (%) 23 20 18 17 15 Capacity Utilization Ratios : Debt-Service Coverage Ratio : The debt-service coverage ratio of the project works out to 5.

59 2. Findings of tests are as under : (Tk.-Service Coverage Ratio SECTION-V . The concern is expected to maintain a healthy financial position during the operational life. Necessary sensitivity have been made and the project withstands the tests.33 2. 5th Yr.66 2. Fund Flow Statement : The fund flow statement based on the profitability estimate is shown in Annexure – XII.09 2. The projection indicates that the concern will have adequate cash generation to meet all the operational expenses. 2nd Yr. 3rd Yr. etc. a) With 10% increase in production cost Net Profit Debt-Service Coverage Ratio 13699 14498 16567 18679 19048 5.31 2. Sensitivity Analysis : The critical variables to which the financial viability of the project is sensitive have been identified to be cost of production and price of output.05 2.58 2. 4th Yr.72 11779 11957 13843 15785 16167 4. Projected Balance Sheet : The projected balance sheet of the company is shown in Annexure – XIII.46 b) With 10% decrease in sales Net Profit Debt.Page # 47 Financial Rate of Return : The financial rate of return of the project has been computed following the discounted cash flow techniques and is shown in Annexure – XIV. in ‘000’) Item 1st Yr. pay for its debt-obligation and a reasonable surplus to pay dividend.42 2. The project promises a financial rate of return about 36%.

. (iv) Clearance from Bangladesh Bank.01 Status of Government Consent : The project is covered under Misc. sub-sector as per Banks classification. : To be required 5. (ii) Consent letter from BPDB/DESA/REB regarding supply to power. 250 Total : 85770 (i) Valid mortgage/hypothecation will be created by the borrower after mortgage of land and installation of machinery. (1) Incorporation : Already incorporated. : Already submitted.Page # 48 STATUS OF GOVERNMENT CONSENT & SECURITY 5.02 Security & Margin : BDBL loan will be secured in the following way : Mortgage/hypothecation by way of 1 st charge on the tangible fixed assets of the project both existing and future value estimated at Tk 85770 lac. As under: (Taka in ‘000’) Land 25425 Building 28556 Machinery and vehicles 22929 Vehicle 8610 Other Assets. (iii) Clearance from Board of Investment. : To be required.

Page # 49

(ii) The sponsors shall submit registered power of Attorney in favour of
BANGLADESH DEVELOPMENT BANK LTD. towards mortgage of tangible
fixed assets of the project.; and
(iii) Personal guarantee of the proprietor of the project in their individual
capacity including the following which will be vacated after liquidation of
loan:
Name of the sponsor
Sheikh Mohammad Ali
F/N: Sheikh Ibrahim Hossain
M/N: Mrs. Jarina Begum.
S. M. Mehedy Hasan Mookut,
F/N: Sheikh Mohammad Ali
M/N: Rojina Yasmin.

Address
Vill: Attaki, P.O: Fakirhat,
P.S: Fakirhat, Dist: Bagerhat.

Status
Managing
Director

Vill: Attaki, P.O: Fakirhat,
P.S: Fakirhat, Dist: Bagerhat.

Director

Page # 50

Section - VI
Conclusion & Recommendations
Conclusions :
The scheme of M/S. Mita Brick Field Ltd. is a private limited company, at Vairab Nadir
Char, Mulghar, Fakirhat, Dist- Bagerhat is considered technically feasible, financially
rewarding and economically viable. The project may, therefore, be considered suitable for
BDBL financing.
Recommendations :
In view of the foregoing, it is recommended that a local currency loan of Taka. 428.00 lac
(including IDCP of Taka 28.00 lac) may be sanctioned to M/S. Mita Brick Field Ltd. for
Brick manufacturing concern on the Bank’s following terms and condition & other usual
terms and conditions as shown in Appendix-A :
1.
2.

Name of the project
Location of the project

:
:

3.

Capacity of the project

:

M/S. Mita Brick Field Ltd.
Vairob Nodir Char, Mulghar,
Fakirhat, Dist.- Bagerhat.

The annual rated capacity & capacity after expansion of the project based on 8
hours each per day and 250 working days in a year will be as under :
Sl. No.
1.

Item of products
Solid Brick

Unit
No.

Production Capacity
Daily
Annual
50,000
1,25,00,000

Out of total product 1st class bricks 85%, 2nd class bricks 10% & 3rd class bricks
5% has been considered.

04.

Financial Aspects :

Page # 51

Cost of the Project :
(Taka in
‘000’)
Items
Total fixed cost
Net Working capital
Total cost of the project:
5.

Incurred

To be Incurred

Total

22721
22721

66395
3761
70156

89116
3761
92877

Means of Finance :
The aforesaid cost is proposed to be financed as under :Items

Term Loans :
BDBL Loan
Interest during construction Period
Total Loan:
Equity:
Sponsors equity
Total Loan & equity:
6.

Incurred

(Taka in ‘000’)
To be Incurred
Total

-

40000
2800
42800

40000
2800
42800

22721
22721

27356
70156

50077
92877

Capital Structure :
(a) Authorized Capital:
Tk. 10,00,00,000.00 divided into 10,00,000 shares of Tk. 100.00 each
(b) Paid-up Capital:
Taka 500.77 lac divided into 5,00,770 ordinary share of taka 100.00 each.

08/2011 dated 17/08/2011 the rate of interest on loan of brick manufacturing industry has been fixed @14% per annum on quarterly basis. Purpose of loan : Term loan : To meet the part cost of building. ii) In case of default in payment of loan installment and interest etc. machinery & transport. to be charged to the borrower company shall be the rate changeable from time to time as per policy/relevant circular of the Bank. (b) Deferred payment of IDCP: Taka 28. on due date.00 lac ( Taka Four crore ) only. The actual interest rate. . Period of loan: a) Local currency : : 8 (Five ) years (Including usual grace period of 6 month ) b) Deferred payment of IDCP : : 5 (five) years 10. 8.Page # 52 7. however.00 lac ( Taka Twenty Eight lac ) only. Amount of loan : (a) Taka 400. interest will also be charged at the same rate on compound basis on the amount so defaulted. Rate of Interest and other charges : (a) Local currency loan : i) As per CAD circular No. 9.

00 lac (Taka Four crore) only: 1st installment of Tk. iii) Asserting the position of electric connection to the project at this stage . Disbursement schedule :Term loan of Tk.00 100. ii) depositing with the BDBL the 2 (Two) advanced dated cheques for payment of 2 (two) installments of loan to be disbursed (IDCP/normal interest or installment. 400. 11. (b) Deferred payment of interest due : Interest accruing on the loans disbursed during the period of construction of project will be calculated and shown separately and will be realized at a simple rate of interest in five annual installment after the usual grace period to be determined by the Bank. the interest on BDBL loans will be exempted and/or reduced.00 Subject to Investment of Sponsor’s:i) Completion of documentation formalities with the Bank .00 lac (Taka one crore) only: To be disbursed for Towards civil construction (part).. Total = (Tk. (d) In no case. . (c) Other charges as per rates in force from time to time. 100.Page # 53 . in ‘000’) 100. whichever falls earlier) as per repayment schedule .

BDBL will be liberty to use these towards liquidation of loan(s) in case of default. 227. the sponsors have to made further investment of Taka 135.60 lac for the following purposes: (Taka in '000') -Transfer/Registration cost of the project land in the name of the company -Survey. signed and sealed and the same will be retained by the bank till such time BDBL's loans are fully liquidated. - Depositing with BDBL as collateral security 100% share certificates to be issued by the company in the name of the sponsoring directors and share holders as and when raised along with blank share transfer deeds duly verified. .81 lac and producing documentary evidence to that effect.60 100.75 2.21 lac.00 135.60 - Producing registered mortgage deed. power of attorney regarding transfer of the project land in the name of the company. plan & drawing -Legal & Documentation expenses -Security deposit for power -Civil construction of the project (Part) Total: 29. - Raising the capital of the company to the tune of Tk.25 0. 362.00 3.Page # 54 iv) In addition to the existing investment of Tk.

& equip.Advance payment of locally m/c.Safety equipment .Page # 55 2nd installment of Taka.00 3. Total: - 9. . (Taka in 'lac') . .Advance payment of imported m/c. Fixture & Equipment . 74.42 14.35 lac for following purpose. ii) Further investment of Taka 92. & producing documentary evidence to that effect.98 lac (Taka Seventy Four lac Ninety Eight thousand ) only: Taka.98 lac will be disbursed for the following purpose :.35 Raising the capital of the company to the tune of Tk.16 lac and producing documentary evidence to that effect.50 1. .00 7.98 Subject to company’s :i) Proper utilization of 1st installment of loan and producing documentary evidence thereof .Civil construction of the project (Part) .08 1. which procured locally & producing documentary evidence to that effect.98 Total: 74.Completion of all remaining civil works of the project (Taka in 'lac') 74.Advance payment of 3 Nos 10 ton capacity each truck & producing documentary evidence to that effect. & equip.25 56.10 92. 74.Furniture. 455.Connection charge for power .

225.00 2.00 37.Page # 56 3rd installment of Taka.Investment of net working capital Total: 6. (Taka in '000') . 500.02 Subject to company’s :i) Proper utilization of 2nd installment of local currency loan and producing documentary evidence thereof . mechanical & electrical installation . part payment of local machinery & equipment and part payment of truck (payment to be made direct to the supplier).Trial run . 225. - Depositing with BDBL as collateral security 100% share certificates to be issued by the company in the name of the sponsoring directors and share holders as and when raised along with blank share transfer deeds duly verified.61 45.61 - Raising the capital of the company to the tune of Tk. signed and sealed and the same will be retained by the bank till such time BDBL's loans are fully liquidated.77 lac and producing documentary evidence to that effect.02 lac will be disbursed for the following purpose : (Taka in '000') 225. BDBL will be liberty to use these towards liquidation of loan(s) in case of default.Payment of imported machinery & equipment which procured locally. Total: 225.61 lac for following purpose. . ii) Further investment of Taka 45.02 lac (Taka Two Crore Twenty Five Lac Two thousand ) only : Taka.02 .Civil.

REPAYMENT SCHEDULE: a) Term Loan (Principal): To be repaid in 28 (Twenty eight) quarterly installments. Repayment shall commence after the date of 1st. The bank's decision regarding construction period of the project and grace period there of shall be final and conclusive and shall be binding on the borrower.Page # 57 12. c) Interest on loan outstanding : The interest to be accrued on the outstanding loan amount after the expiry of the grace period shall be charged as usual on quarterly basis. disbursement of loan or twelve months after the project goes into commercial operation. provided that the bank’s decision based on factual evidence as to whether the project has gone into commercial operation or not from a particular date shall be final and conclusive and shall be binding on the borrowers. b) Deferred payment of interest on BDBL loans that will be accrued during the construction period of the project: Interest to be accrued on BDBL loan during the period of construction of the project will be realized from the borrowers in five equal annual installments after the expiry of the construction period and usual grace period. . whichever is earlier.

Managing Director Vill: Attaki.S: Fakirhat. P. towards mortgage of tangible fixed assets of the project. and (ii) Personal guarantee of the proprietor of the project in his individual capacity including the following which will be vacated after liquidation of loan :Name of the sponsor 1. 2. M. Dist: Bagerhat. Jarina Begum. . Sheikh Mohammad Ali F/N: Sheikh Ibrahim Hossain M/N: Mrs.S: Fakirhat. Total : Valid mortgage/hypothecation will be created by the borrower after installation of machinery. P. S. Dist: Bagerhat. Address Status Vill: Attaki. (i) The sponsors shall submit registered power of Attorney in favour of BANGLADESH DEVELOPMENT BANK LTD. Mehedy Hasan Mookut.Page # 58 13(a) Security of loan : BDBL loan will be secured in the following way :Mortgage/hypothecation by way of 1st charge on the tangible fixed assets of the project both existing and future value estimated at Tk 857. P.70 lac. P.O: Fakirhat.O: Fakirhat. Director . F/N: Sheikh Mohammad Ali M/N: Rojina Yasmin. as under: (Taka in '000') 25425 28556 22929 8610 250 85770 Land Building Machinery Vehicle Other Assets.

21 lac in the project which is about 54% of the total equity. the sponsor shall(a) submit an undertaking assuring that he will meet any shortfall in the cost of the project.00 lac by the bank officials. Such deposit and investment should be made within three months from the date of sanction of loan(s). 153. (b) submit an undertaking assuring that he will maintain the quality of construction at his own risk & responsibility. The value of land has been estimated at Tk. 14.36 lac (Incremental equity of Tk. ______________________________________________________________ Note : The project deposit of Tk. The value of proposed mortgage property is 1. As such. being 10% of equity of incremental considered not require to deposit to the bank. since the sponsors have already invested an amount of Tk.36 lac. 27. otherwise the sanction will be treated as cancelled automatically. C: Before signing the loan agreement. (b) Working Capital : For working capital loan the sponsor offered land measuring 170 decimal adjacent to the project land. 27. Special Conditions : A: Project Deposit: The sponsors shall- i) make a deposit of Tk.53 times to the proposed working capital loan of Tk. 227.00 lac.56 lac) being 10% equity to be invested by the sponsor with BDBL. condition A(i) may be treated as fulfilled. . 100. ii) invest further 10% of the equity to be invested in the project towards civil construction. B: The sanction of loan will be made after obtaining of satisfactory CIB report from Bangladesh Bank. 273.Page # 59 13.

Before disbursement of loan.Page # 60 (c) undertake to execute all the documents with BDBL creating charge in favour of the bank on the tangible fixed assets of the project. (e) submit an affidavit to the effect that he has no liability with any other Bank & development financial institutions beyond the declaration already made . The Director(s) nominated by the bank will be entitled to reimbursement of traveling and daily allowances at the rates prescribed by the BDBL from the company for attending meetings of the Board of Directors of the company. the sponsors shalla) submit an undertaking to the effect that they will not raise any objection in future as regards quality. (d) grant the BDBL right to nominate at the option of the latter one or more persons as a Director(s) of the company and to replace such person from time to time. for approval of the Bank. Provision to this effect will have to be made in the Memorandum of Association and Article of Association of the company. if so needed. (f) submit project building layout plan(approved by the appropriate authority) with details structural drawings etc. (ii) Make registered Power of attorney in favour of BDBL for selling project assets by the bank. the company will amend and/or modify the Memorandum of Association and Articles of Association forthwith. (i) Make registered mortgage of the project land with the Bank . For this. D: 15. price and technical acceptability of the finally approved/selected machinery. . b) open an account with BDBL (if not opened earlier) and operate it smoothly to mobilize all the business transactions related to the concerned project . both existing and future.

d) appoint one Chief Accountant-cum. Besides. In addition to supervision & monitoring of the project by the bank's officers. 17. The cost of training will be borne by the sponsor' from his own sources. The sponsor shall undertake to the effect that the salaries & allowances for the deputed professional expert(s) will be borne by him. professional expert(s) will be deputed by the bank to the project for a particular period of time. and 16.Secretary for the project whose appointment and terms of service shall be determined with due approval of BDBL. ZAHIDUL AZAM) SENIOR PRINCIPAL OFFICER (DEWAN ABDUL JABBER) ASSISTANT GENERAL MANAGER . the sponsors of this project will make a undertaking that they will avail cash credit (Hypo) loan from this Bank. (ENGIR. 18.Page # 61 c) undertake to give BDBL the right to appoint Auditor(s) for the company and determine terms of service thereof as and when considered . The directors shall make proper and adequate arrangement for training the project personnel. e) undertake to maintain computerized accounting system and Management Information System (MIS) on a permanent and compulsory basis.

. both existing and future. b) execute personal guarantee in the individual capacity by the directors . d) give an undertaking to the effect that the project site shall not be changed without the prior approval of the bank in writing. c) undertake to execute all the documents creating the bank's charges on the tangible assets of the project.Page # 62 APPENDIX -A. of the People's Republic of Bangladesh. Before signing of the loan agreement. b) display a signboard at conspicuous place at the project site indicating that the project has been financed by BANGLADESH DEVELOPMENT BANK LTD. 2. c) abide by the rules and regulations of the Department of Environment Pollution Control. the company shalla) submit an undertaking assuring the BDBL that the sponsors shall meet any short-fall in the cost of the proposed project out of his own resources. f) undertake to submit the monthly operational results and cash flow statement of the project. The sponsor shall- a) complete and commission the project within 12(Twelve) months from the date of construction start . e) furnish an undertaking to effect that the project shall not be transferred to any one without the prior approval of the BDBL in writing. d) create a loan redemption fund particularly for servicing the project's loan liabilities to BDBL. . Govt. OTHER USUAL TERMS AND CONDITIONS 1.

h) agree that the bank shall always have the right to transfer to an individual. i) agree that the bank shall always be at liberty to obtain and gather full financial and credit information on the borrower from other financial institutions. k) agree that the bank shall be at liberty to publish notice and information on the borrower if there are arrears for more than one year and in that case the expenses incurred therefore will be borne by the borrower . bank or other authority the ownership of the loans/credits together with all collateral given/to be given by the borrower. however. g) submit to the BDBL the audited balance sheet together with the profit and loss accounts of the project for every financial year within four months from the close of the project's financial year. and l) furnish such other data on the project to the BDBL and/or other agency as the BDBL may require. b) undertake civil construction work of the project without obtaining BDBL`s prior approval in writing on the building layout plans. j) agree that the bank shall have the right to share information on the status of the borrower's loan and debt-service record with other financial institutions. This condition will not. apply to the loans to be raised by the borrower from the commercial banks against pledge/hypothecation of the project's current assets to meet its working capital requirement. The sponsor shall not – a) appoint managing agent without obtaining prior approval of the BDBL in writing. f) submit quarterly progress report on the project regularly direct to the bank on the prescribed proforma. . c) raise any other loans for this project without obtaining the BDBL's approval in writing to the terms and conditions thereof. 3.Page # 63 e) maintain all books of accounts properly which may be inspected by the BDBL or any other national/foreign/international financing agency as and when required.

amendments of the company's Memorandum of Association and Articles of Association will be made by the company forthwith. For enabling BDBL to do this. The sanction of loan(s) is subject to the availability of local currency resources with the bank. otherwise the sanction is liable to be withdrawn. party or organization without the BDBL's prior approval in writing.Page # 64 d) provide any loans and/or make any investment for other purpose out of the funds of the project without obtaining prior approval of the BDBL in writing. shall this sanction of loan be sold or management transferred to any other individual. 7. 8. 4. If at any time during the subsistence of the BDBL loan. shall be given preferential allotment of shares at par value up to 20% of the amount of loan(s) sanctioned. The company shall undertake to inform the BDBL will in advance of its intention to raise its paid-up capital and to obtain the decision of the BDBL in writing in respect of the BDBL's right to exercise the option for preferential allotment of shares referred to above. The documentation of loan(s) shall be completed within 3(three) month`s from the date of communication of the sanction thereof. under no circumstances. 5. 6. . The BDBL shall have the option to convert its loan into equity of the company at any time during the currency of the BDBL loans. the BDBL at its option. e) change the management of the project without obtaining the BDBL's prior approval in writing. the company raises its paid-up capital by issue of shares.

and Flood. Strike. covering the following risks :(a) (b) (c) (d) (e) (f) Fire (with re-instatement clause). Damages. The sanction of loan will be treated to have been withdrawn if the sponsors of the project fail to qualify for disbursement fulfilling all relevant terms and conditions of loan(s) within 6 (six) months from the date of issue of sanction letter. Damages. 10. and Flood. Riot. Riot. Cyclone. all fixed assets of the project.Page # 65 9. the company shall insure with the Sadharan Bima Corporation and/or any Bangladeshi Insurance Company enlisted with BDBL. Strike. After successful commercial operation. . INSURANCE: (i) The proprietor shall insure the project assets during implementation period with the Sadharan Bima Corporation in the joint name of the bank and the project covering the following risks :(a) (b) (c) (d) (e) (f) (ii) Fire (with re-instatement clause). both existing and future. in the joint names of the bank and the company as mortgagee and mortgagor respectively. Cyclone.

and (iv) The cost of the insurance premium will be borne by the sponsors. in addition to the above mentioned risks. 12.against any risk in such amount or amounts and in such a manner with the Sadharan Bima Corporation and/or any other Bangladeshi Insurance Company acceptable to BDBL as shall be required by the bank from time to time . modifications and/or withdrawal without notice at the discretion of the BDBL.Page # 66 (iii) The sponsor shall. insure other assets and properties which form the security for the BDBL loan(s). ZAHIDUL AZAM) SENIOR PRINCIPAL OFFICER (DEWAN ABDUL JABBER) ASSISTANT GENERAL MANAGER . (ENGIR. The above mentioned sanction of loan(s) and the terms & conditions thereof are subject to amendment.

68 `vM bsAvi Gm.0 233.17 LwZqvb bsAviGm.0 275. in Lac) Particular of land Rwg t ‡gŠRvˆfie b`xi Pi. ‡R Gj bs. Present Forced market sale value value Remarks 250 416.65 250.75 cÖ¯Ívwe kZvs 0 0 0 Z cÖKí k Rwg .0 225.454 _vbvdwKinvU WvKNidwKinvU ‡Rjvev‡MinvU| Rwgi gvwjK†kL †gvnv¤§` Avjx Area of land Assessed by the Sponsors Assessed by the Bank’s officers Declared value Present market value Forced sale value Assessed by enlisted surveyor farm Unique Survey Service Bureau.Page # 67 ANNEXURE-XVI STATEMENT OF IMMOVABLE PROPERTIES A: IMMOVABLE PROPERTIES: (Tk.

80 90.ˆfie b`xi Pi.42 0 0 0 Bmjvgx e¨vsK evsjv‡`k wjt.Page # 68 Rwg t ‡gŠRv. ‡R Gj bs.00 73.67 82.453 _vbvdwKinvU WvKNidwKinvU ‡Rjvev‡MinvU| Rwgi gvwjK†kL †gvnv¤§` Avjx Sub-Total : 82 136. ev‡Minv U kvLvq `vqe×| .8 365.32 332.56 `vM bsAvi Gm.20 kZvs k 76.0 298.17 LwZqvb bsAviGm.67 553.2 310.

60 5. (ii) 1st floor5130 sft.04 39.77 123.3 231. frame structure.0 198.369 _vbvdwKinvU WvKNidwKinvU ‡Rjvev‡MinvU| Rwgi gvwjK†kL †gvnv¤§` Avjx Commercial market on 33 dec.00 12.0 51. evsjv‡`k ‡R Gj bs. of land (Constructio n of RCC.65 Bmjvgx 0 2 (bxP e¨vsK (bxP Zjv I evsjv‡`k Zjv I 2q Zjv wjt.35 Bmjvgx ‡gŠRvkZvsk 0 0 0 0 e¨vsK AvÆvKx.1 104.0 196.24 14.24 0 4 8 2 . 2q mn) ev‡Minv Zjv U kvLvq 41.9 261.30 48.40 440.01 mn) `vqe×| 9.21 wjt.Page # 69 Rwg t 33 264.0 168.0 368. Foundation4 storied) Building situated on East side attached of Old Dhaka Road. LwZqvb bsev‡Minv 818 U kvLvq `vM bs`vqe×| Avi Gm. (iii) Ground floor1200 sft Sub-Total : 176. (i) Gr on d flo or5130 sft.0 299.5 313.

Foundation4 storied) Building situated on Wast side attached of Old Dhaka Road.07 39.29 Forced sale value 717.00 70. 717.64 Assessed Value of net worth 618.64 lac.92 110.16 110. ev‡Minv U kvLvq `vqe×| 3089 sft.80 1147. Description Declared value 1. On the other hand the forced sale value assessed by Bank Officers is Tk.72 618.80 Present market value 844.78 58. 93. No. For the purpose of Appraisal forced sale value assed by Bank Officer has been considered.98 7 1147.64 618.Page # 70 Commercial market on 33 dec.80 lac. in Lac. Sub-Total : Grand Total : 154. Personal immovable property Total : 1147.98 (bxP Zjv I 2q Zjv mn) Bmjvgx e¨vsK evsjv‡`k wjt. 154.32 Present market value 702.32 702.00 46. 618.80 844.5 7 (bxP Zjv I 2q Zjv (ii) 1st 24.8 844. frame structure.7 618.3 702.80 * It may be mentioned here that the forced sale value assessed by Unique Survey Service Bureau is Tk.29 717.64 2 2 0 9 TOTAL NET WORTH (Tk. of land (Constructio n of RCC.72 Forced sale value 618.5 93.) Sl.76 mn) floor(i) Grond floor4607 sft. .2 717.71 19.

Page # 71 .