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

Page # 2

05. Industrial Classification :

The project is covered under Misc. sub-sector as per Banks 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
Banks 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 Banks 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 Banks interest.

Page # 4

12. Valuation of Land :

K) Project Land :
The area of proposed project land will be 250 decimal. The land has been valued by the
bank enlisted surveyor farm namely Unique Survey Service Bureau, Abdullah Manson,
5, Beni Babu Road, Khulna and Banks officials, details of which are as under :
evsK KZK g~jvqb

weeiY

Rwgi
cwigvb

Rwg t
gRv- fie b`xi
Pi, R Gj bs- 17
LwZqvb bsAviGm- 68
`vM bs- nvj454
_vbv- dwKinvU
WvKNidwKinvU
Rjv- evMinvU|
gvU t

250
kZvsk

eZgv dvm
b
W
evRvi
mj
g~j
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250.00 225.00

250.00 225.00

(jvL UvKvq)
evsKi ZvwjKvf~
mvfqvi Kvvbx
BDwbK mvf mvwfm
eyiv KZK g~jvqb
eZgvb
dvmW
evRvi g~j
mj fvjy
275.00

233.75

275.00

233.75

DjL, 2011 mvji Rb evMinvU Rjvi dwKinvU mve-iwRx Awdmi

Aaxb wewfb gRvi Mo g~j ZvwjKvq fie b`xi Pi gRvq wejvb
f~wgi cwZ kZvski g~j aiv nqQ 15,704.00 UvKv| gRv iU
Abyhvqx 250 kZvsk Rwgi g~j 39.26 jvL UvKv| eZgvb D GjvKvq
cwZ kZvsk Rwg 90,000.00 _K 1,30,000.00 UvKvq q-weq nQ|
evsKi g~jvqb 250 kZvsk Rwgi evRvi g~j 250.00 (250X 1,00,000.00)
jvL UvKv Ges dvmW mj fvjy 225.00 (250 X 90,000.00) jvL UvKv|
Abw`K evsKi ZvwjKvf~ mvfqvi Kvvbx BDwbK mvf
mvwfm eyiv KZK g~jvqb 250 kZvsk Rwgi evRvi g~j 275.00
(250X 1,10,000.00) jvL UvKv Ges dvmW mj fvjy 233.75 (250X

Page # 5

93,500.00) jvL UvKv|

Page # 6

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c`vb Kiv njv t
evsK KZK g~jvqb

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170 170.00 153.00
kZvsk

170.00 153.00

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187.00

158.95

187.00

158.95

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Aaxb wewfb gRvi Mo g~j ZvwjKvq fie b`xi Pi gRvq wejvb
f~wgi cwZ kZvski g~j aiv nqQ 15,704.00 UvKv| gRv iU
Abyhvqx 170 kZvsk Rwgi g~j 26.70 jvL UvKv| eZgvb D GjvKvq
cwZ kZvsk Rwg 90,000.00 _K 1,30,000.00 UvKvq q-weq nQ|
evsKi g~jvqb 170.00 kZvsk Rwgi evRvi g~j 170.00 (170X
1,00,000.00) jvL UvKv Ges dvmW mj fvjy 153.00 (170X 90,000.00)
jvL UvKv| Abw`K evsKi ZvwjKvf~ mvfqvi Kvvbx BDwbK
mvf mvwfm eyiv KZK g~jvqb 170 kZvsk Rwgi evRvi g~j
187.00 (170X 1,10,000.00) jvL UvKv Ges dvmW mj fvjy 158.95
(170X 93,500.00) jvL UvKv|

Page # 7

13. Security of Loans :

a) For Term Loan :
The sponsor will mortgage project land measuring 250 decimals, building & other civil
construction on the project land, machinery & equipment to be installed, other fixed assets
of the project valuing Tk. 771.60 lac against proposed loan amounting to Tk. 428.00 lac.
The mortgage property is 1.78 times of the loan. It may be mentioned here that debt equity
ratio is 46 : 54.
b) Working capital Loan :
For working capital loan the sponsor offered land measuring 170 decimal adjacent to the
project land. The value of land has been estimated at Tk. 153.00 lac by the bank officials.
The value of proposed mortgage property is 1.53 times to the proposed working capital loan
of Tk. 100.00 lac.
evsKi cwiPvjbv cl`i 09-05-2011 ZvwiL AbywZ 41 Zg mfvi
wmvi cwZ Lending policy- Gi Security Clause Gi V(a), V(e) Ges V(f)
(i) avivjv wbvfve mskvab Kiv nqQ t
V(f)

In case of financing working capital loan, additional collaterial security as

given below will have to be taken :
i)

For a project already financed or to be financed by BDBL, additional

collateral security equivalent to 1.25 times on disbursable fund will have
to be taken ;

ii)

For a project, not financed by BDBL additional collateral security

equivalent to 1.50 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 ;

iii)

In case of a self financing project, no collateral security will be required

if its immovable properties covers FACR to the extent of 1.5 times.

Since the project would be financed by BDBL additional collateral security equivalent to
1.53 times, on proposed working capital loan may be considered adequate.

Page # 8

13. Bankers Opinion :

Sponsors declared Bank :
Sponsors have declared accounts in Islamic Bank Bangladesh Limited, Bagerhat Branch.
With the authorization of the sponsors, reference was made to the declared bank. The
report is yet to be received.
Other Banks :
As per LOD circular No. 17/2004 dated 26-12-2004, Information regarding sponsors
financial transactions with other banks are not required because of CIB report from
Bangladesh Bank is to be collected.
14. CIB report of Bangladesh Bank :
CIB report has been received from MIS Department BDBl, H.O. Dhaka vide letter no.
08.3/4(1)A/3790 dated 30/10/2011. The CIB report favourable to the sponsors.
15. Pollution Control and Waste Disposal :
The brick manufacturing unit create harmful waste. 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, required measures will be taken as
per Govt. instruction. For the purpose Zig Zag kiln has been considered in the project. The
project will use coal for burning bricks. Moreover, No Objection Certificate has been taken
from the Department of Environment, Government of Bangladesh.
16. Land :
The project has been proposed to be located at Vill- Mulghar, Mouza Vairab Nadir Char,
Union Mulghar, Thana Fakirhat, District - Bagerhat. The land is attached to Khulna
-Dhaka highway and adjacent to Fakirhat Upzilla head quarter. The area of project land is
250 decimals. The market price of land has been estimated at Tk. 225.00 lac @Tk. 0.90 lac
per decimal. The land is adequate to accommodate all physical facilities required for the
project. Infrastructural facilities are available at the project site. So, the land is considered
suitable for the proposed project.

Page # 9

17. Building :
The project requires Machinery shed, Brick storage shed, labour shed, factory office,
generator and deep tube well shed, etc. Total covered area of the building stands at 20,075
sft. The total cost of buildings, sheds and other civil construction to be made has been
estimated at Tk. 284.06 lac.
18. Importable Machinery to be procured locally :
The project will require a complete range of semi auto bricks manufacturing plant and
machinery. The Machinery and equipment will be China origin imported which is available
in local market. The importable machinery has been proposed to be procured locally. The
value of machinery has been estimated at Tk. 74.19 lac.
19. Local Machinery :
In addition to importable machinery, the project will require some local machinery and
equipment which will be procured from local market. The cost of local machinery &
equipment has been estimated at Tk. 142.50 lac.
20. Erection & Installation :
Erection and installation of machinery will be done by the local technician under the
guidance of Chinese Engineers & local experts. Total cost for erection & installation of
machinery has been estimated at Tk. 6.00 lac.
21. 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. Moreover, 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, no problem is anticipated in this
regard. Experienced and skilled technical personnel will be recruited for smooth operation
and maintenance of machinery. As a result the bricks to be manufactured will be of good
quality.

Page # 10

22. Employment Opportunity :

The project after implementation will create job opportunities for 97 persons of various
category.
23. Cost per Employment :
The cost per employment has been estimated at Tk. 9.57 lac.
24. Contribution to GDP :
The project will contribute Tk. 488.73 lac per annum to GDP of the country.
25. Cost of the Project :
The total cost of the project has been estimated at Tk. 928.77 lac. Estimated fixed cost of the
project is as under :
(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, 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

3761

3761

22721

70156

92877

Page # 11

26. Means of Finance :

a) The fixed cost required for the project is to be financed as under :
Tk. in 000
Item

Banks Loan
Amount
% of total
Investment

Sponsors 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, 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. 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. In 000)

10000
3761
13761

Page # 12

27. Profitability :
(Tk. 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. Debt-Equity Ratio :

Total Cost

46

: 54

29. Debt-service coverage ratio :

The debt-service coverage ratio of the project works out to 5.48, 2.88, 2.50, 2.79 & 2.96
times during the first five years of projected operation of the project.
30. Fixed Assets Coverage Ratio :
The fixed assets coverage to long term loan works out to 2.00 times on completion of the
project.

Page # 13

31. Break-Even Point :

The project is expected to break-even at 38% of the capacity utilization with sales volume of
Tk. 263.47 lac.
32. Financial Rate of Return :
The project promises a financial rate of return about 36%.
33. Sensitivity Analysis :
Necessary sensitivity tests have been made and the project withstands the tests. Details in
Annex VI/A & VI/B.
34. 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 857.70 lac. As under :
Item
Land
Building
Machinery
Vehicle
Other Assets.
Total :

(Taka in 000)
25425
28556
22929
8610
250
85770

Page # 14

Valid mortgage/hypothecation will be created by the borrowers after installation of

machinery.
(i)

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

(ii)

Personal guarantee of the directors of the project in their individual capacity

including the following which will be vacated after liquidation of loan.

35. Credit Risk Grading :

Credit Risk Grading of the project stands at 81, Which is acceptable and shown in
Annexure- XVII
36. Conclusion and recommendations :
The project is found technically feasible, financially rewarding and economically &
commercially viable and is, therefore, considered suitable for BDBL financing. In view of
the above, it is recommended that a term loan of Tk. 400.00 lac., Working capital 100.00
lac and IDCP of Tk. 28.00 lac totaling Tk. 528.00 lac may be sanctioned to M/S. MITA
BRICK FIELD LTD., Vairab Nadir Char, Mulghar, Fakirhat, Bagerhat in the terms and
conditions as spelt out in the Appraisal Report and Memo for credit committee.

Page # 15

Section I
Management Aspects
Introduction :
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.
Legal Status of the Organisation :
The proposed project is being promoted as a Private Limited Company. The project has been
registered with the registrar of Joint stock companies under the companies Act 1994. The
authorized capital of the company is Tk. 10,00,00,000.00 dived into 10,00,000 ordinary
shares of Tk. 100.00 each.
Corporate Structure :
The project has been proposed to be promoted by a group of 2 persons. Names and details
such as status and share holdings are as under :
Name of the Sponsors

(5) Sheikh Mohammad Ali

Address

Status

Share

Attaki, Fakirhat, Bagerhat.

Managing
Director

75%

Attaki, Fakirhat, Bagerhat.

Director

25%

F/N : Sheikh Ibrahim Hosain

M/N : Mrs. Jarina Begum
2. S. M. Mehedy Hasan Mookut
F/N : Sheikh Mohammad Ali
M/N : Mrs. Rojina Yasmin

Total

100%

Page # 16

Background of the project are detailed below :

Mr. Skeikh Mohammad Ali, Managing Director :
Mr. Sheikh Mohammad Ali , aged 54, the Managing Director of the company is a B. A.
After completion of education, he started business. He has been running a brick field for last
17 years. He is a first contractor for last 25 years. He is the owner of 2 commercial complex
at Fakirhat upazilla head quarter. He is also involved in Fish culture and processing
business. He has earned vast experience in various business. With his vast experience,
Sheikh Mohammad Ali is fully qualified to run any business and industrial concern. The
proposed company shall be immensely benefited with his experience and resource.
S. M. Mehedi Hasan Mookut, Director :
Mr. S. M. Mehedi Hasan Mookut, aged 20, the Director of the company is studying BBA.
He is also involved in his fathers business. After completion of education he will fully
involved himself in his family business. Mr. Mookut is an young, qualified and resourceful
person. It is therefore, expected his joining with the company as Director will be beneficial
both in the implementation and operation period.
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. He will exercise those powers which will be delegated to him by the
Board of Directors from time to time. Besides, the Management of the Company will be
assisted by a team of qualified and experienced professional personnel.

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, 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 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. Total fixed cost of
the project has been estimated at Tk. 891.16 lac. Details of fixed cost is shown in Annex I.
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.

Manufacturing Process :

125,00,000

Page # 18

Technology involved for manufacturing of Solid bricks is very simple. 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 # 19

Project Land and Location :

The project is located at Vairab Nadir Char, Mulghar, Fakirhat, Bagerhat attached to the
Baroipara Road. The land is 1/2 km distance from north side of Fakirhat Bazar and 300
distance East side of Khulna Dhaka Natoinal Highway. The land is developed. Owner
of the land is Mr. Sheikh Mohammad Ali. The land has been inspected by branch
inspection team headed by the branch head and selected 250 decimals of land under
mouza. Details of the project land is given as under :
District

Bagerhat.

P. S.

Fakirhat.

P. O.

Fakirhat.

Vill

Mulghar.

Mouza

Variab Nadir Char

J. L. No

17

Khatian No.

R.S. 68

Plot No.

R.S. 454

Area of land

250 decimals

Owner of land

Mr. Sheikh Mohmmed Ali

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Aaxb wewfb gRvi kYx f` cwZ kZK Rwgi Mo g~j ZvwjKvq fie
b`xi Pi gRvq wejvb f~wgi cwZ kZvski g~j aiv nqQ 15,704.00
UvKv| gRv iU Abyhvqx 250 kZvsk Rwgi g~j `vuovq 39.26 jvL UvKv|
eZgvb D GjvKvq cwZ kZvsk Rwg 90,000.00 _K 1,30,000.00
UvKvq q-weq nQ| G wnme 1,00,000.00 UvKv cwZ kZvski g~j
aiv nj 250 kZvsk Rwgi evRvi g~j `vuvovq 250.00 jvL UvKv| Rwgi
eZgvb evRvi g~j aiv nqQ 250.00 jvL UvKv Ges dvmW mj fvjy

Page # 20

225.00 jvL UvKv | evsKi ZvwjKvf~ mvfqvi Kvvbx BDwbK

mvf mvwfm eyiv KZK eZgvb evRvi g~jvqb Kiv nqQ
275.00 jvL UvKv Ges dvmW mj fvjy 233.75 jvL UvKv|

Page # 21

All infrastructural facilities like power, water and communication etc. are available at the
project site. As per report of the special inspection team, the proposed land may be
considered by fulfilling under the terms & conditions :
(K)

evsKi wbKU MnbhvM weewPZ nj cvweZ Rwgi hveZxq

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c~eK Rwgi gvwjK KZK D Rwg evsKi bvg iwRwKZ
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iwRwKZ Avggvvibvgv `wjj mv`bKiY Ges evsKi
AvBbRxex KZK hvPvB A Gi gvwjKvbv ^i 100%
wbUKZv mK gZvgZ MnYKiY ;

(L)

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gvag mvfc~eK f~wgi mxgvbv mywbwZKiYmn mvf
P evsK Rgv `vb ;

(M)

evsK KZK cvweZ Rwgi iwRvii Kvhvjq nZ 12 eQii

`vqgy mb`c msMn Ges cPwjZ wbqgvbyhvqx 15w`bi mgq
w`q cwKvq AvBbMZ wewi gvag Rwgi wbZv hvPvBKiY|
cvweZ Rwgi `vqgy mb` MnY Kiv nqQ Ges cwKvq wew
cKvki eev bqv nqQ| WKzgUkbi c~e welqwU
wbwZ Kiv hZ cvi ;

(N)

Rwgi gvwjKvbvi wbKZv I avivevwnKZv Ges `vwLjKZ

mswk `wjjvw` evsKi ^v_ msiY h_ wKbv m welq
evsK AvBbRxexi gZvgZi wfwZ MnYhvMZv Pzov
weePbvKiY ;

(O)

cK vcbi welq cwiek Awa`i _K GkwU Abvcw c| cwiek

Awa`ii Abvcw Qvoc cvIqv MQ ;

(P)

cKi Pvwn`v gvZveK we`yr mshvMi welq REB nZ mwZ

c | REB KZci wbKU nZ we`yr mshvMi mwZ c Rgv
w`qQ ; Ges

(Q)

mswk GjvKv BU fvUv cK vcbi welq vbxq KZci

Abvcw c Rgv w`qQ|

Page # 22

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, Mulghar, Fakirhat, Bagerhat attached to the Baroipara Road. The land is 1/2
km distance from north side of Fakirhat Bazar and 300 distance East side of Khulna
Dhaka National Highway. The land is developed. Owner of the land is Mr. Sheikh
Mohammad Ali. The land is one plot west site of project land. 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. Delails of the project land is given as
under :
District

Bagerhat.

P. S.

Fakirhat.

P. O.

Fakirhat.

Vill

Mulghar.

Mouza

Variab Nadir Char

J. L. No

17

Khatian No.

R.S. 33

Plot No.

R.S. 452

Area of land

170 decimals

Owner of land

Mr. Sheikh Mohmmed Ali

DjL, 2011 mvji Rb evMinvU Rjvi dwKinvU mve-iwRx Awdmi

Aaxb wewfb gRvi kYx f` cwZ kZK Rwgi Mo g~j ZvwjKvq fie
b`xi Pi gRvq wejvb f~wgi cwZ kZvski g~j aiv nqQ 15,704.00
UvKv| gRv iU Abyhvqx 170 kZvsk Rwgi g~j `vuovq 26.70 jvL UvKv|
DjL AvjvP RwgwU cK Rwgi cwg GK `vM ci AewZ| eZgvb
D vb Rwgi evRvi g~j 1,00,000.00 nZ 1,30,000.00 UvKv kZK q
weq nQ| m wnmve D Rwgi g~j 1,00,000.00 UvKv aiv nj 170
kZK Rwgi g~j `vovq 170.00 jvL UvKv| Rwgi eZgvb evRvi g~j aiv
nqQ 170.00 jvL UvKv Ges dvmW mj fvjy 153.00 jvL UvKv| evsKi
ZvwjKvf~ mvfqvi Kvvbx BDwbK mvf mvwfm eyiv KZK

Page # 24

eZgvb evRvi g~jvqb Kiv nqQ 187.00 jvL UvKv Ges dvmW mj
fvjy 158.95 jvL UvKv|

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, Green brick stock shed, office building with
toilet, chimney and Zig-Zag kiln, guard room. The cost of proposed civil works has been
estimated at Tk. 284.06 lac. Details of civil construction including electrification &
sanitation has been shown in Annexure-II. The sponsors have submitted a preliminary
layout plan showing the proposed construction, which has been checked & change to be
made. However, they will have to submit a revised layout plan duly approved by the local
authority before signing loan agreement with the bank.
Machinery and Equipment :
Importable Machinery to be procured locally :
The project will require a complete range of semi auto bricks manufacturing plant and
machinery. The Machinery and equipment will be China origin imported which is available
in local market. The importable machinery has been proposed to be procured locally. The
value of machinery has been estimated at Tk. 74.19 lac. Details of imported machinery has
been shown in Annex III/A.
Local Machinery :
In addition to importable machinery, the project will require some local machinery and
equipment which will be procured from local market. The cost of local machinery &
equipment has been estimated at Tk. 142.50 lac. Details of local machinery has been shown
in Annex III/B.
Erection & Installation :
Erection and installation of machinery will be done by the local technician under the
guidance of Chinese Engineers & local experts. Total cost for erection & installation of
machinery has been estimated at Tk. 6.00 lac.

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. Moreover, 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, no problem is anticipated in this
regard. Experienced and skilled technical personnel will be recruited for smooth operation
and maintenance of machinery. As a result the bricks to be manufactured will be of good
quality.
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. No.
1.
2.
3.

Items
Soil/Mud
Coal
Sand

Unit

Total

Source

Cft
M. ton
Cft

12,50,000
1750
1,25,000

Local

Transportation :
The project will have 3 Nos. Truck of 10 MT capacity each for carrying raw materials and
finished goods. The price of vehicles has been estimated at Tk. 86.10 lac.
Furniture, Fixture & Other Assets :
Factory and office furniture, fixture & equipment includes chair, table, computer, almirah,
cabinet, etc. An amount of Tk. 1.50 lac has been estimated for furniture, fixture &
equipment.

Stores and Spares :

Page # 27

The project will require Stores & Spares for the machinery and equipment @0.5%, 1.0%,
1.5%, 2.0% and 2.0% of its cost for 1st, 2nd, 3rd, 4th and 5th year of operation respectively.
Repair and Maintenance :
The annual requirement of repair and maintenance for the machinery has been estimated at
0.5%, 1%, 1.5%, 2.0% and 2.5% of its cost for the 1 st, 2nd, 3rd, 4th and 5th year of operation
respectively. The repair and maintenance cost of the building has been estimated at 0.5%
each year of production.
Safety Provision :
To fight against fire, fire fighting equipment & first aid box are required which will be
procured for the project. Cost of safety equipment has been estimated at Tk. 1.00 lac.
Pollution Problem :
The brick manufacturing unit create harmful waste. 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, required measures will be taken as
per Govt. instruction. Moreover, No Objection Certificate will be taken from the
Department of Environment.
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. Security deposit for power has
been estimated at Tk. 3.60 lac. And the power connection cost of Tk. 3.00 lac. 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. The cost of diesel generator has been incorporated with the
cost of local machinery.

Page # 28

Coal :
For blower, firing and burning bricks in the Kiln coal will be required. About 1,750 MT of
coal has been estimated to be used annually for burning 1,25,00,000 nos. of bricks in the
kiln.
Water :
The required water will be available from the projects own deep tube well. The cost of deep
tube well has been incorporated with the cost of local machinery.
Fuel & Lubricant :
The project will require fuel and lubricant. The requirement of fuel and lubricant per annum
is shown below :
Items

Unit

Quantity per Annum

Grease

Kg.

100

Lubricants

Litre

50

Diesel for Truck

Litre

14,700

Mobil

LS.

Tk. 0.50 lac

Technical, Administrative Personnel & Labour :

Technical, administrative and other personnel required for the project are as follows:
Name of the Post
01. Factory Manager
02. Production Supervisor
03. Machine Operator/Skilled Worker
04. Un-Skilled Worker
Total

No. of Post after

01
03
30
50
84

Page # 29

B. Administrative & Marketing :

Name of the Post
01. Marketing Manager
02. Administrative & Account Officer
03. Store Keeper
04. Driver
05. Peon
16. Security Guard
Total

No. of Post after

01
01
01
03
01
06
13

Total : 84 + 13 = 97 Nos.
Schedule of Implementation :
It is expected that project will go into commercial production within 12 months from the
date of starting of civil works. Details Schedule of implementation are shown in
Annexure IV.

Page # 30

Section III
Market Aspects

01. Introduction :
The proposed project under consideration envisages for brick field to a environment
friendly bricks making unit at Vairab Nadir Char, Mulghar, Fakirhat, Bagerhat. The
bricks will be produced following mechanical process using modern machinery &
environment friendly chimney. The sponsors are experienced in this line of business.
They also enjoy a good reputation in the market for their quality product. After
implementation of the project will be manufactured 1.25 crore pcs. Of bricks of different
class at rated capacity.
02. An Overview :
Modern development process has come to produce rapid urban growth. Hence one of the
objective of planned development is to improve the physical conditioning of living such as
housing and water supply. But as people aspire for comfort, rural community also needs to
have access to such basic facilities of life. In fact poor countries have come to be regarded
as rural slums and the rural to urban migration is an attempt to escape it. The programme of
development of physical infrastructure, therefore, covers both urban and rural communities
in public and private sectors. The program consists of development of housing, office and
commercial buildings, site development for private housing, office & commercial buildings,
city roads etc.
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. This consisted
of the government policy of 30opularizing3030on of administration and acceleration of
development activities at upzilla level. 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. will also increase.

Page # 31

03. The Project :

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

Page # 32

Private Construction Contractors :

Concept of construction is changing with the passage of time so as the human attitude
towards modern technology. A large number of constructions in our country take place under
the Private Construction Companies to build industries, commercial areas, markets, etc.
With the introduction of automatic bricks the people will start using these because of
advantages compared to conventional bricks.
Industrial Use :
Industries needs a strong product with good quality for their heavy construction, Sea port,
Container yard, filling station, urban road, airport require heavy weight and heavy duty
construction materials for many years usage. Automatic bricks will save the purpose.
Defense Services :
Defense services in our country are considered to be one of the most modern and technical
organization. They would prefer to use the automatic bricks.
05. 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. As per population census 2001,
total no. of semi-pucca and pucca household in the country is given in Ttable I.
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 5,000 bricks and 40,000
bricks on an average respectively. Thus the yearly requirement of bricks has been estimated
at 3,570.00 million (250.00 million + 3320 million) bricks.

Page # 33

The budget for 2009-2010 envisaged GDP growth rate at 6.00%. To be on the conservative
side, the growth of semi-pucca and pucca houses may be assumed to be 2% and 5% per
annum. Based on this growth rate, the No. of semi-pucca and pucca houses may be
projected as shown in Table II.
Table II
Projected No. 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. of semi-pucca houses will be
50,000 and that of pucca houses will be 83,000 Nos. In other words, there will be 133,000
No. additional houses per annum.
In addition to the demand for bricks in the private sector, huge demand for bricks come from
the real estate developers for construction of multistoried apartment/commercial complexes.
The apartment project was started in late 70s in Dhaka city. Ispahani Group is the pioneer
in this sector. But in early 80s with the inception of Eastern Housing Ltd., the business
started flourishing.

In 90s the inhabitant of Dhaka city fully realized the necessity of apartment. At that time

Page # 34

only 5 developers were engaged in construction of apartment. In 1991, 11 developers

formed Real Estate & housing Association of Bangladesh (REHAB) for protection of their
own interest. The year wise No. of developers and apartments are given in Table IV.
Table IV /b
No. 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
11
17
26
35
42
49
55
62
79
76
68
88
126
161
211
300
360
475
600

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, offices, buildings, etc.

Page # 35

It appears from Table IV that during the period from 1991 to 2009 the No of developers
has increased @297% while No. of Apartments has risen @20%. At present total no. of
developers stands at 710 and No. of REHAB member stands at 600.
During last 20 years, the developers developed 60,000 apartment and they are expected to
develop 20,000 25,000 apartment within next 3 years i.e. 8,000 apartment each year. It is
estimated by Developers, Architects, Engineers, etc. that the country will require at least
1.00 crore apartments up to 2015. The average consumption of bricks by each apartment
may be around 2.00 lac pieces. Thus the total no. of bricks by 8,000 apartments stands at
1600.00 million.
In addition to the residential household and apartments, various Government departments
and agencies are using bricks. Empirical observation reveals that their requirement for bricks
would not exceed 20% of the bricks required by household and apartments. Hence, 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.

3570
1600
1034
6204

Page # 36

06. 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. Due to lack of quality brick
manufacturing plant in the country, the household, the government and private institutional
users have to use mostly low grade brick to meet their demand findings no other alternative.
As per opinion of the Brick Fields Owners Association and few owners of the brick fields
there are 3,811 kiln burnt brick fields and 1199 unauthorized brick fields in the country
which are producing and marketing their bricks. Division wise No. of brick fields are given
below :
Division
Dhaka
Chittagong
Khulna
Rajshahi
Sylhet
Barisal
Total

No. 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. of brick field in the country stands at 5010. Out of
5010 brick fields, Dhaka Division shares 35%, Chittagong Division occupies 22.00% and
Rajshahi Division shares 18.00% followed by Khulna Division (15.00%), Barisal Division
and Sylhet Division respectively.
Among the total no. of brickfield, authorized brick field constitutes 76% and the rest
24.00% covers unauthorized brick fields.
The average annual production capacity of each individual brick field may be about 12.00
lac pcs. So, the total production capacity of existing kiln based traditional/manual brick
fields in the country is 4573.00 million pcs.

Page # 37

In addition to 5,010 traditional/manual brick fields, there are 15 Nos. of automatic bricks
manufacturing units running with average annual production capacity of 30.00 million
pieces of bricks by each unit. Details are given in Appendix I. So, total annual production
of these 15 Nos. of units has been assumed to be 450.00 million pieces.
Assuming 5,010 Nos. of traditional/manual brick fields and 15 Nos. of automatic brick
manufacturing units are running with full capacity, the annual production of bricks in the
country has been estimated and shown in Table VI.
Table VI
Total Bricks Production in the country
Category
Traditional/Manual Brick Field
Automatic Brick Manufacturing Units
Total

Annual Production in million Nos.

4573
450
5023

07. Supply Gap :

Supply gap has been worked out by deducting the supply from estimated demand for bricks.
Based on the above, supply gap of bricks has been estimated at 2154.00 million pieces.
A/ Daily Ittefaq dated 6th February, 2010 & 2nd June, 2010.
08. 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,
procurement of raw materials, maintenance of product quality, adoption of promotional
measures, etc. So long as the sponsors of the project will be able to adopt suitable and
appropriate marketing strategies, it will create effective demand for the product. Upon
adoption of effective and strong marketing strategies, the promoters may expect at least 5%
share in the total market size for the product.

Page # 38

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

Page # 39

12. Product Promotion :

For promotion of this type of product, the sponsors of the project are not required to adopt
any promotional measures like advertisement, publication etc. Direct contact with the users
for highlighting the quality, price, specification etc., of the products may act as useful and
effective media of promotion. The sponsors of the project may like this promotional
measures for 39opularizing their products.
13. Availability and Procurement of Raw Materials :
The basic raw materials for the project are clay and coal. For procurement of raw materials
for use in the plant, the sponsors of the project have managed to procure from local sources.
The project will not suffer or the production will not be interrupted/stopped due to shortage
of raw materials. The sponsors of the project will be able to maintain the continuous flow of
adequate quantum of raw materials for the project, so that the production is kept at regular
and continuous level. The sponsor will procure clay and coal at the following prices :
Item
Clay
Coal

Unit
Cft.
Kg.

Price in Tk.
03.50
90.00

14. Locational Advantage :

The project will be located at Fakirhat, Bagerhat. It enjoys all sorts of physical
infrastructural facilities such as water, power, labor, etc. for implementation of the project
successfully there. As such, it will face no problem in supplying their products to the users.
15. Economic Benefits :
15.01 Employment Opportunity :
The project will create employment opportunity for 97 skilled and semi-skilled personnel.
This will, on the one hand, alleviate the unemployment problem as well as improve the
standard of living of those who will be employed in this project.

15.02 Contribution to GDP :

Page # 40

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

Appendix A

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. Ltd., Road # 53, Gulshan # 2, Dhaka 1212, there are
25 automatic brick making plants in the country which are as under :
01.
02.
03.
04.
05.
06.
07.
08.
09.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.

Mirpur Ceramic Works, Kalshi, Mirpur, Dhaka.

Conforce Ltd., Nayarhat, Dhaka.
Dhaka Auto Bricks Ltd., Savar, Dhaka.
Reza Auto Bricks, Nayarhat, Dhaka.
Fakir & Sons Bricks Ltd., Banu Bazar, Chittagong.
Bengal Brickes Ltd., Fakirhat, Chittagong.
Modern Bricks Ltd., Kumira, Chittagong.
Nayok Auto Bricks Ltd., Bhatiari, Chittagong.
Golden Bricks Ltd., Kumira, Chittagong.
Tashem Auto Bricks, Bahadurpur, Gazipur.
Nasreen Alam & Co., Bhatiari, Chittagong.
Ashika Auto Bricks, Kokma, Jinjira, Dhaka.
Sara Bricks Ltd., Shafipur, Gazipur.
Mouchak Bricks Ltd., Mouchak, Gazipur.
RNR Ltd., Chandina, Comilla.
Metro Brick Ltd., Kathakali, Bagerhat.
Jessy Auto Bricks Ltd., Koyabazar, Khulna.
Sundarban Auto Bricks Ltd., Ashulia, Dhaka.
Nowjur Bricks Trading, Gazipur.
Building Blocks Ltd., Nowjur, Gazipur.
Auto Ceramic Co. Ltd., Borpa, Narayangonj.
Funka Industries Ltd., Chowara, Comilla.
Unique Ceramic Industries Ltd., Konabari, Gazipur.
Asia Auto Bricks & Ceramics Ltd., Kaliakoir, Gazipur.
Brickland Ltd., Rupgonj, Narayangonj.

Page # 42

Section III-A
Economic Aspects

Employment Opportunity :
The project will require a total number of 97 persons of various categories. Cost per
employment after to be generated works out to Taka 9.57 lac.
Contribution to GDP :
On completion, the project will add 488.73 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, Power & Fuel
Repair and maintenance
Rent, Tax & Insurance
Postage, telephone, 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

Page # 43

Section IV
Financial Aspects
Cost of the Project :
The total cost of the project has been estimated at Tk. 928.77 lac. Estimated fixed cost of the
project is as under :
(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, 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

3761

3761

22721

70156

92877

Page # 44

Means of Finance :
The fixed cost required for the project is to be financed as under :
(Tk. in 000)
Item

Banks 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, 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)

Sponsors 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. 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. In 000)

10000
3761
13761

Page # 45

Debt-Equity Ratio :
Total Cost

46

: 54

Fixed Assets Coverage Ratio :

The fixed assets coverage to long term loan works out to 2.00 times on completion of the
project.
Financial Evaluation :
Profitability potential of the project has been estimated for five years of operation to assess
the financial viability of the project. 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;

b)

The capacity build-up has been assumed to be achieved gradually at the rate of 75%,
80%, 85%, 90% and 90% in the 1st, 2nd, 3rd, 4th and 5th years and remaining years of
operation ;

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 ;

d)

Sales prices of the proposed products have been assumed on the basis of market price
of such product ;

e)

Stock of work-in-process has been considered for 3 days ;

f)

Stock of finished goods has been estimated for 15 days ;

g)

Annual increment of 5% has been considered for calculation of wages and salaries
and bonus of two months basic pay also been provided ;

Page # 46

h)

Depreciation has been charged on straight line methods at the following rates:
- Building
- Machinery
- Other Assets

05%
10%
20%

i) As per Govt. policy the project will pay income tax @25% on net profit before tax.
ii) Economic life of the project has been assumed to be 10 (ten) years without any major
replacement.
Based on the above assumptions, the profitability forecast reveals the following and found
that the project is financially viable.
Tk. 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 5.48, 2.88, 2.50, 2.79 & 2.96
times during the first five years of projected operation of the project.
Break-Even Analysis :
The project is expected to break-even at 38% of the capacity utilization with sales volume
of Tk. 263.47 lac.

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. The project promises a financial
rate of return about 36%.
Fund Flow Statement :
The fund flow statement based on the profitability estimate is shown in Annexure XII.
The projection indicates that the concern will have adequate cash generation to meet all
the operational expenses, pay for its debt-obligation and a reasonable surplus to pay
dividend, etc.
Projected Balance Sheet :
The projected balance sheet of the company is shown in Annexure XIII. The concern is
expected to maintain a healthy financial position during the operational life.
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. Necessary sensitivity have been made
and the project withstands the tests. Findings of tests are as under :
(Tk. in 000)
Item
1st Yr.
2nd Yr.
3rd Yr.
4th Yr.
5th Yr.
a) With 10% increase
in production cost
Net Profit
Debt-Service Coverage Ratio

13699

14498

16567

18679

19048

5.05

2.66

2.31

2.58

2.72

11779

11957

13843

15785

16167

4.59

2.42

2.09

2.33

2.46

b) With 10% decrease in sales

Net Profit
Debt.-Service Coverage Ratio

SECTION-V

Page # 48

STATUS OF GOVERNMENT CONSENT & SECURITY

5.01 Status of Government Consent :
The project is covered under Misc. sub-sector as per Banks classification.
(1) Incorporation

: Already incorporated.

(ii) Consent letter from BPDB/DESA/REB

regarding supply to power.

: Already submitted.

(iii) Clearance from Board of Investment.

To be required.

(iv) Clearance from Bangladesh Bank.

To be required

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.
250
Total :
85770
(i) Valid mortgage/hypothecation will be created by the borrower after mortgage of
land and installation of machinery.

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 Banks 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.

Page # 52

7.

Amount of loan :
(a)

Taka 400.00 lac ( Taka Four crore ) only.

(b) Deferred payment of IDCP:

Taka 28.00 lac ( Taka Twenty Eight lac ) only.
8.

Purpose of loan :
Term loan : To meet the part cost of building, machinery & transport.

9.

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. Rate of Interest and other charges :

(a)

Local currency loan :

i)

As per CAD circular No. 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. The actual interest rate, however,
to be charged to the borrower company shall be the rate changeable from
time to time as per policy/relevant circular of the Bank.

ii)

In case of default in payment of loan installment and interest etc. on

due date, interest will also be charged at the same rate on compound
basis on the amount so defaulted.

Page # 53

(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.
(c)

Other charges as per rates in force from time to time.

(d) In no case, the interest on BDBL loans will be exempted and/or reduced.
11. Disbursement schedule :Term loan of Tk.. 400.00 lac (Taka Four crore) only:
1st installment of Tk. 100.00 lac (Taka one crore) only:
To be disbursed for
Towards civil construction (part).
Total =

(Tk. in 000)
100.00
100.00

Subject to Investment of Sponsors:i)

Completion of documentation formalities with the Bank ;
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, whichever falls earlier) as per repayment schedule ;

iii) Asserting the position of electric connection to the project at this stage ;

Page # 54

iv)

In addition to the existing investment of Tk. 227.21 lac, 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, plan & drawing
-Legal & Documentation expenses
-Security deposit for power
-Civil construction of the project (Part)
Total:

29.25
0.75
2.00
3.60
100.00
135.60

Producing registered mortgage deed, power of attorney regarding transfer of the

project land in the name of the company.

Raising the capital of the company to the tune of Tk. 362.81 lac and producing
documentary evidence to that effect.

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, signed and
sealed and the same will be retained by the bank till such time BDBL's loans
are fully liquidated. BDBL will be liberty to use these towards liquidation of
loan(s) in case of default.

Page # 55

2nd installment of Taka. 74.98 lac (Taka Seventy Four lac Ninety Eight
thousand ) only:
Taka. 74.98 lac will be disbursed for the following purpose :- Completion of all remaining civil works of the project

(Taka in 'lac')
74.98

Total:

74.98

Subject to companys :i)

Proper utilization of 1st installment of loan and producing documentary
evidence thereof ;
ii)

Further investment of Taka 92.35 lac for following purpose.

(Taka in 'lac')
- Civil construction of the project (Part)
- Furniture, Fixture & Equipment
- Safety equipment
- Connection charge for power
- Advance payment of imported m/c. & equip. which
procured locally & producing documentary evidence
to that effect.
- Advance payment of locally m/c. & equip. &
producing documentary evidence to that effect.
- Advance payment of 3 Nos 10 ton capacity each truck
& producing documentary evidence to that effect.
Total:

9.08
1.50
1.00
3.00
7.42
14.25
56.10
92.35

Raising the capital of the company to the tune of Tk. 455.16 lac and producing
documentary evidence to that effect.

Page # 56

3rd installment of Taka. 225.02 lac (Taka Two Crore Twenty Five Lac Two
thousand ) only :
Taka. 225.02 lac will be disbursed for the following purpose :
(Taka in '000')
225.02

- Payment of imported machinery & equipment which

procured locally, part payment of local machinery
& equipment and part payment of truck (payment
to be made direct to the supplier).
Total:

225.02

Subject to companys :i)

Proper utilization of 2nd installment of local currency loan and producing

documentary evidence thereof ;

ii)

Further investment of Taka 45.61 lac for following purpose.

(Taka in '000')
- Civil, mechanical & electrical installation
- Trial run
- Investment of net working capital
Total:

6.00
2.00
37.61
45.61

Raising the capital of the company to the tune of Tk. 500.77 lac and producing
documentary evidence to that effect.

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, signed and
sealed and the same will be retained by the bank till such time BDBL's loans
are fully liquidated. BDBL will be liberty to use these towards liquidation of
loan(s) in case of default.

Page # 57

12.

REPAYMENT SCHEDULE:
a)

Term Loan (Principal):

To be repaid in 28 (Twenty eight) quarterly installments. Repayment shall
commence after the date of 1st. disbursement of loan or twelve months
after the project goes into commercial operation, whichever is earlier,
provided that the banks 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. 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.

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.

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 857.70 lac. as
under:
(Taka in '000')
25425
28556
22929
8610
250
85770

Land
Building
Machinery
Vehicle
Other Assets.
Total :

Valid mortgage/hypothecation will be created by the borrower after installation of

machinery.
(i) 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
(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.

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

Status

Vill: Attaki, P.O: Fakirhat,

P.S: Fakirhat, Dist: Bagerhat.

Managing
Director

Vill: Attaki, P.O: Fakirhat,

P.S: Fakirhat, Dist: Bagerhat.

Director

Page # 59

13. (b) Working Capital :

For working capital loan the sponsor offered land measuring 170 decimal adjacent to the
project land. The value of land has been estimated at Tk. 153.00 lac by the bank officials.
The value of proposed mortgage property is 1.53 times to the proposed working capital loan
of Tk. 100.00 lac.
14.

Special Conditions :
A:

Project Deposit:
The sponsors shall-

i)

make a deposit of Tk. 27.36 lac (Incremental equity of Tk. 273.56 lac)
being 10% equity to be invested by the sponsor with BDBL;

ii)

invest further 10% of the equity to be invested in the project towards civil
construction. Such deposit and investment should be made within three
months from the date of sanction of loan(s), otherwise the sanction will be
treated as cancelled automatically.

B:

The sanction of loan will be made after obtaining of satisfactory CIB report
from Bangladesh Bank.

C:

Before signing the loan agreement, the sponsor shall(a)

submit an undertaking assuring that he will meet any shortfall in the

cost of the project;

(b)

submit an undertaking assuring that he will maintain the quality of

construction at his own risk & responsibility;

______________________________________________________________
Note : The project deposit of Tk. 27.36 lac, being 10% of equity of incremental
considered not require to deposit to the bank, since the sponsors have
already invested an amount of Tk. 227.21 lac in the project which is about
54% of the total equity. As such, condition A(i) may be treated as fulfilled.

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, both
existing and future;

(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 this, if so needed, the company will
amend and/or modify the Memorandum of Association and Articles
of Association forthwith. 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. Provision to this
effect will have to be made in the Memorandum of Association and
Article of Association of the company.

(e)

submit an affidavit to the effect that he has no liability with any other
Bank & development financial institutions beyond the declaration
already made ;

(f) submit project building layout plan(approved by the appropriate

authority) with details structural drawings etc. for approval of the Bank.
D:

15.

(i)

Make registered mortgage of the project land with the Bank ;

(ii)

Make registered Power of attorney in favour of BDBL for selling

project assets by the bank.

Before disbursement of loan, the sponsors shalla)

submit an undertaking to the effect that they will not raise any objection in
future as regards quality, 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 ;

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 ;

d)

appoint one Chief Accountant-cum- Secretary for the project whose

appointment and terms of service shall be determined with due approval of
BDBL;

e)

undertake to maintain computerized accounting system and Management

Information System (MIS) on a permanent and compulsory basis; and

16.

In addition to supervision & monitoring of the project by the bank's officers,

professional expert(s) will be deputed by the bank to the project for a particular
period of time. The sponsor shall undertake to the effect that the salaries &
allowances for the deputed professional expert(s) will be borne by him.

17.

The directors shall make proper and adequate arrangement for training the project
personnel. The cost of training will be borne by the sponsor' from his own
sources.

18.

Besides, the sponsors of this project will make a undertaking that they will avail
cash credit (Hypo) loan from this Bank.

(ENGIR. ZAHIDUL AZAM)

SENIOR PRINCIPAL OFFICER

(DEWAN ABDUL JABBER)

ASSISTANT GENERAL MANAGER

Page # 62

APPENDIX -A.
OTHER USUAL TERMS AND CONDITIONS
1.

Before signing of the loan agreement, 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;

b)

execute personal guarantee in the individual capacity by the directors ;

c)

undertake to execute all the documents creating the bank's charges

on the tangible assets of the project, both existing and future;

d)

give an undertaking to the effect that the project site shall not be
changed without the prior approval of the bank in writing;

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;

f)

undertake to submit the monthly operational results and cash flow

statement of the project.

2.

The sponsor shall-

a)

complete and commission the project within 12(Twelve) months

from the date of construction start ;

b)

display a signboard at conspicuous place at the project site indicating that the
project has been financed by BANGLADESH DEVELOPMENT BANK
LTD.;

c)

abide by the rules and regulations of the Department of Environment Pollution

Control, Govt. of the People's Republic of Bangladesh;

d)

create a loan redemption fund particularly for servicing the project's loan
liabilities to BDBL;

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;

f)

submit quarterly progress report on the project regularly direct to the bank on
the prescribed proforma;

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;

h)

agree that the bank shall always have the right to transfer to an individual,
bank or other authority the ownership of the loans/credits together with all
collateral given/to be given by the borrower;

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;

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;

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 ; and

l)

furnish such other data on the project to the BDBL and/or other agency as the
BDBL may require.

3.

The sponsor shall not

a)

appoint managing agent without obtaining prior approval of the BDBL in

writing;

b)

undertake civil construction work of the project without obtaining

BDBL`s prior approval in writing on the building layout plans;

c)

raise any other loans for this project without obtaining the BDBL's approval in
writing to the terms and conditions thereof. This condition will not, however,
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;

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;

e)

change the management of the project without obtaining the BDBL's prior
approval in writing.

4.

The sanction of loan(s) is subject to the availability of local currency

resources with the bank.

5.

under no circumstances, shall this sanction of loan be sold or management

transferred to any other individual, party or organization without the BDBL's
prior approval in writing.

6.

The documentation of loan(s) shall be completed within 3(three) month`s

from the date of communication of the sanction thereof, otherwise the
sanction is liable to be withdrawn.

7.

If at any time during the subsistence of the BDBL loan, the company raises its
paid-up capital by issue of shares, the BDBL at its option, 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.

8.

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. For enabling BDBL to do
this, amendments of the company's Memorandum of Association and Articles
of Association will be made by the company forthwith.

Page # 65

9.

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.

10. 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);

Riot;
Strike;
Damages;
Cyclone; and
Flood.

After successful commercial operation, the company shall insure with

the Sadharan Bima Corporation and/or any Bangladeshi Insurance
Company enlisted with BDBL, in the joint names of the bank and the
company as mortgagee and mortgagor respectively, all fixed assets of
the project, both existing and future, covering the following risks :(a)
(b)
(c)
(d)
(e)
(f)

Fire (with re-instatement clause);

Riot;
Strike;
Damages;
Cyclone; and
Flood.

Page # 66

(iii)

The sponsor shall, in addition to the above mentioned risks, insure

other assets and properties which form the security for the BDBL
loan(s),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 ; and

(iv)

The cost of the insurance premium will be borne by the sponsors.

12. The above mentioned sanction of loan(s) and the terms & conditions thereof
are subject to amendment, modifications and/or withdrawal without notice at
the discretion of the BDBL.

(ENGIR. ZAHIDUL AZAM)

SENIOR PRINCIPAL OFFICER

(DEWAN ABDUL JABBER)

ASSISTANT GENERAL MANAGER

Page # 67

ANNEXURE-XVI
STATEMENT OF IMMOVABLE PROPERTIES
A:

IMMOVABLE PROPERTIES:
(Tk, in Lac)

Particular of land

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LwZqvb bsAviGm- 68
`vM bsAvi Gm- 454
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Area
of land

Assessed
by the
Sponsors

Assessed by the
Banks officers

Declared
value

Present
market
value

Forced
sale
value

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

Remarks

250 416.65 250.0 225.0 275.0 233.75 cvwe

kZvs
0
0
0
Z cK
k
Rwg

Page # 68
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Sub-Total :

82 136.67 82.00 73.80 90.20

kZvs
k

76.67

553.32 332.0 298.8 365.2 310.42

0
0
0

Bmjvgx
evsK
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Page # 69

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33
264.0 198.0 168.3 231.0 196.35 Bmjvgx
gRvkZvsk
0
0
0
0
evsK
AvvKx,
evsjv`k
R Gj bs- 21
wjt,
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818
U kvLvq
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Avi Gm- 369
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Commercial
market on
33 dec. of
land
(Constructio
n of RCC.
frame
structure,
Foundation4 storied)
Building situated
on East side
attached of Old
Dhaka Road.

(i)
Gr
on
d
flo
or5130
sft.
(ii) 1st
floor5130
sft.
(iii)
Ground
floor1200
sft

Sub-Total :

176.0 51.30 48.77 123.1 104.65 Bmjvgx

0
2
(bxP evsK
(bxP
Zjv I
evsjv`k
Zjv I 2q Zjv wjt,
2q
mn)
evMinv
Zjv
U kvLvq
41.04 39.01 mn)
`vqe|

9.60

5.00

12.24
14.40

440.0 299.9 261.0 368.5 313.24

0
4
8
2

Page # 70

Commercial
market on
33 dec. of
land
(Constructio
n of RCC.
frame
structure,
Foundation4 storied)
Building situated
on Wast side
attached of Old
Dhaka Road.

Sub-Total :
Grand Total :

154.00 46.07 39.16 110.5

7
(bxP
Zjv I
2q
Zjv
(ii) 1st
24.71 19.76 mn)
floor(i)
Grond
floor4607
sft.

93.98
(bxP
Zjv I
2q Zjv
mn)

Bmjvgx
evsK
evsjv`k
wjt,
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3089
sft.

154.00 70.78 58.92 110.5 93.98

7
1147.3 702.7 618.8 844.2 717.64
2
2
0
9

TOTAL NET WORTH

(Tk, in Lac.)
Sl.
No.

Description

Declared
value

1.

Personal
immovable
property

Total
:

1147.32

Present
market
value
702.72

Forced
sale
value
618.80

Present
market
value
844.29

Forced
sale
value
717.64

Assessed
Value of net
worth
618.80

1147.32

702.72

618.80

844.29

717.64

618.80

* 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.

Page # 71