IBBL Letter For Tenor Extension

13 May 2020
To
The Manager and Senior Vice President
Islami Bank Bangladesh Limited
Pallabi Branch.
Dhaka.
Subject: Request to send payment extension swift message to Al Arafah Islami Bank Ltd., (Gulshan
Branch), Dhaka, Swift- ALARBDDHO86, against LC# 087820990002, LC Value- USD 36,000.00.
Muhataram
Assalamualikum
Refer to above subject mentioned, please be informed that due to the COVID-19 pandemic,
buyers/garments has been withdrawn, cancelled and postponed their orders for uncertain period. Due to
that we are suffering seriously. To minimize the disruptions it has been very indispensably needed to
extend the usance periods upto 210 days instead of existing LC Tenor 120 Days as per FE Circular
No. 16, Circular Dated- 23 March 2020.
Import LC Details:
Existing Payment
Request for
Sl LC No LC USD LC Maturity
LC Tenor
Beneficiary Bank Details
Tenor Date
MAHMUD Al Arafah Islami
FABRICS Bank Ltd., (Gulshan
120
1 087820990002 36,000.00 Days
28-May-2020 210 Days AND Branch), Dhaka,
FINISHIN Swift-
G LTD. ALARBDDHO86
So, considering the necessity, please forward the swift message request for further extension of payment
maturity date. For your information, buyer has agreed to extend the maturity date more 90 days for LC:
087820990002 from maturity date- 28.05.2020.
For your information, buyer has agreed to extend the maturity date.
Please take necessary steps at your end.

Thanking you
Yours faithfully
21 April 2020
To
Pallabi Branch.
Dhaka.
Attention: Branch in Charge, Mirpur-10 Branch, IBBL.
Subject: Request to send acceptance on client’s request for payment extension from Louitex Mfg Ltd.
against LC# 1886190401017, LC Value- USD 1,434.80, LC Date- 28.10.2019 and LC maturity Date-
08.04.2020
Muhataram
Assalamualikum
Refer to above subject mentioned, please be informed that our client Louitex Mfg. Ltd., request us to
extend the payment maturity date more 60 Days from the date- 08 April 2020 due to the COVID-19
pandemic situation. In this regard, please transmit the acceptance of extension of payment maturity date
further 60 days from 08 April 2020 subject to the below terms:
i) Interest charge at 14% = $ 33.02 will be added with the LC value principal USD 1434.80 for the
extended 60 days.
ii) LC Applicant will pay USD 1467.82 (Added $ 33.02 for 60 days) at maturity date after extension.
LC Details for your reference:

Overdue Revised LC Request
Sl LC No LC $ Interest @ LC $ Maturity for Applicant Bank Details
14% Date Extension
ONE BANK LIMITED,
CENTRALIZED TRADE
PROCESSING CENTER,
188619040 $ $ 08-April- Louitex ERRA TOWER, 1/B, BARA
1 $ 33.02 60 Days
1017 1,434.80 1,467.82 2020 Mfg. Ltd. MOGHBAZAR, 9TH FLOOR,
SHAHID JOURNALIST
SHELINA PARVIN ROAD,
DHAKA, BANGLADESH
Ma-Assalam
Yours faithfully
29 March 2020
To
Pallabi Branch.
Dhaka.
Subject: Request to send payment extension swift message to RHB BANK BERHAD, (MAIN
BRANCH), SINGAPORE SG, against LC# 087819020013, LC Value- USD 23,374.00 and LC#
087819020014, LC Value- USD 58,031.20.
Muhataram
Assalamualikum
that we are suffering seriously. To minimize the disruptions it has been very indispensably needed to
extend the usance periods upto 360 days instead of existing LC Tenor as per FE Circular No. 16,
Circular Dated- 23 March 2020 (Attached).
Import LC Details:
Payment
LC Request for
Sl LC No LC USD Tenor
Maturity
Extension
Beneficiary Bank Details
Date
RHB BANK
1 087819020013 23,374.00 180 Days 08-Aug-2020 180 Days
Impexsol BERHAD, (MAIN
Pte. Ltd. BRANCH),
2 087819020014 58,031.20 270 Days 29-Oct-2020 90 Days
SINGAPORE SG
So, considering the necessity, please forward the swift message request for further extension of payment
maturity date. For your information, buyer has agreed to extend the maturity date 180 days for LC:
087819020013 and 90 days for LC: 087819020014. Profit for 180 days will be borne by us.

Thanking you
Yours faithfully
29 March 2020
To
Pallabi Branch.
Dhaka.
Subject: Request to send 180 days payment extension swift message to RHB BANK BERHAD, (MAIN
BRANCH), SINGAPORE SG, against LC# 087819020014, LC Value- USD 58,031.20; Beneficiary:
IMPEXSOL PTE. LTD.
Muhataram
Assalamualikum
that we are suffering seriously in business. To minimize the disruptions it has been very indispensably
needed to extend the usance periods upto maximum of 360 days instead of 180 days as per FE Circular
No. 16, Circular Dated- 23 March 2020 (Attached).
So, considering the necessity, please forward the swift message request for further extension of 180 days
payment maturity date from 29 October 2020. For your information, buyer has agreed to extend the 180
days maturity date. Profit for 180 days will be borne by us.
Thanking you
Yours faithfully
29 March 2020
To
Pallabi Branch.
Dhaka.
Subject: Request to send 180 days payment extension swift message to RHB BANK BERHAD, (MAIN
BRANCH), SINGAPORE SG, against LC# 087819020013, LC Value- USD 23,374.00; Beneficiary:
IMPEXSOL PTE. LTD.
Muhataram
Assalamualikum
that we are suffering seriously in business. To minimize the disruptions it has been very indispensably
needed to extend the usance periods upto 360 days instead of 270 days as per FE Circular No. 16,
Circular Dated- 23 March 2020 (Attached).
So, considering the necessity, please forward the swift message request for further extension of 90 days
payment maturity date from 08 August 2020. For your information, buyer has agreed to extend the 90
Thanking you
Yours faithfully
03 March 2020
To
Pallabi Branch.
Dhaka.
Subject: Request to send 90 days payment extension swift message to SIBL, Agrabad Branch,
Chittagong, against LC# 087819990006, LC Value- USD 28,705.40, Beneficiary: MARS Textiles
Ltd.
Muhataram
Assalamualikum
Refer to above subject mentioned, please forward the swift message request for further extension of 90
days payment maturity date from 26 March 2020. For your information, buyer has agreed to extend the 90
Thanking you
Yours faithfully
25 February 2019 MLFL/LA/WC-IBBL-10122018
To
Manager and Vice President
Pallabi Branch.
Dhaka.
Subject: Immediate support for the following issues
Muhtaram. Assalamualikum.
At the outset, please accept our heartiest thanks & gratitude for visiting our plant with a very high level
delegation of your esteemed bank. We are personally grateful to you for your great initiative for logical
enhancement of our WC facility.
Though you are fully aware of the situation but again we want to reiterate the following issues for your
kind perusal:
Sl# Particulars Value in $
1 LC received
2 Docs Submitted for party for acceptance
3 Docs submitted for Bank Acceptance
4 Docs to be submitted within 10 December 2019
5 New Order Booked
The lead time of delivery is very short. We are managing the Raw materials requirement is a very
expensive manner. Some Raw materials is totally import based. If we can’t able to open Lc immediately
we will not be able to manage the delivery schedule resulting a huge claim due to non-shipment of
goods which is certainly unbearable.
Another humble request is to reduce the MDBFC approval process a bit shorter. Almost 5-6 days are
taking to get an approval is most unlikely.
We are confident on your efforts and full faith on you. Please look into the above issues and give us
favorable feedback.
To
Pallabi Branch.
Dhaka.
Subject:
Request to Review of Composite Working Capital facility from:
1) 35 million taka to 70 Million under mode of Sight/Deferred/UPAS
Lc/Bills/BBLC/BB Bills/MPI/Bai-Murabaha/Bai-Sarf/EDF/MFCT with 100% TR
facility for a period of 1 year on revolving basis for smooth running of the
project; AND
2) Revision of Rate of Profi t from @13.8% to @9%
Dear Sir,
At the outset, thanks to Islami Bank Bangladesh Limited management for facilitating us various facilities
including 34 million Working Capital facility. We put our steps into the 2 nd year and always remember
the kind support of the IBBL management.
We came to know that our WC enhancement was approved in the last EC was BDT 350 million from BDT
340 million an enhancement of only BDT 10 lacs. By the grace of Almighty ALLAH we have doubled the
capacity.
Below our present production status:
Sl# Particulars Previous Existing

1 Schiffli 2 nos & 1 Sample Machine Lasser MVD 57 -2 nos
Lasser MVD 57 Sample
Machine
Lasser MVD 71 – 2 nos
2 Multihead Nil 66 Head – 1 nos
20 Head – 1 nos
3 Production Capacity Avg 1500 Yards based Allover Avg 4000 yards based on
production allover production
Current market situation:
Our industry is basically import substitute industry. The more we diversify the more we can capture the
market. If you look into year on year growth of the Garments exports you will find there is a strong
growth around 13%. It seems this will continue in the upcoming years too. Previously buyers sources the
laces and embroidery items almost 100% through import from China, Thailand & India. We are one of
the few industries who started manufacturing of this kind of the goods very recently. Recently, we have
participated International Garments Exports Fair (23-26 January 2019) and got tremendous response
from the potential buyers. According to them they are not aware of these kinds and industries presence
in Bangladesh.
Lace and Embroidery market is mostly dominated by China, Thailand & India. Now this is our turn to
grab it by improving our efficiency, quality and maintaining the lead time deadlines. We are exercising it
on daily basis. Employing the foreign experts to trained our local employees.
We are very hopeful and In Shaa Allah by the Grace of Almighty ALLAH we will reach our desired level
very shortly.
Raw Materials and its Sourcing:
As you know the main raw materials for this project are different kinds of grey Fabrics and yarn. Around
60% of the total requirement to be sourced from locally and balance will be imported from abroad.
Therefore, we have to keep average 75 days Raw Material stocks to handle urgent orders.
IBBL Brach management has done the Working capital assessment based on the existing production
capacity and forwarded the same to Head office for due approval. Unfortunately, there were some
confusion resulting only BDT 10 lacs enhancement was made. Therefore, we are again forwarding the
application for review the matter on an urgent basis for smooth running of the business.
In addition to above, we would like to bring into your kind attention that we were enjoying WC loan
facility @9% but suddenly and very recently it has been increased to @13.8%. This increase seriously
have a negative impact on our costing and it’s become unbearable to us.
Considering our performance and track record we are requesting your good-selves to review the
following issue:
1) 35 million taka to 70 Million under mode of Sight/Deferred/UPAS

project; AND
2) Revision of Rate of Profi t from @13.8% to @9%
Thanks in advance for supporting us and in this regard your positive consideration is highly appreciated.
Regards,
Ashraf Mahmood
To,

Pallabi Branch.
Dhaka.
Subject:
Applicati on of opening sight LC for 2 Nos cutti ng machine mounti ng to US$ 2,000/- at
100% cash margin
Muhtaram
As Salamualikum.
At the outset, thanks to Islami Bank Bangladesh Limited management for facilitating us various facilities.
We put our steps into the 2nd year and always remember the kind support of you and your team.
Please find herewith the PI for opening sight LC which is essential requirement of finishing department.
This will enhance production capacity as well as increase the quality.
Your prompt action in this regard is highly appreciable.
Thanks and regards

To,
Islami Bank Bangladesh Limited Dhaka.
Subject:
Applicati on for opening of Raw Materials UPAS Lc on case to case basis as per current
sancti on terms & conditi ons:
Muhtaram
As Salamualikum.
the kind support of you and your team.
As per IBBL sanction advice …………………….. we have increased the production capacity more than double
then before. But WC facility has not been renewed so far. To run the capacity and meet the export
orders we have to import Raw Materials on top urgent basis.
Keeping all in mind, our Chairman had a meeting very fruitful with Honorable Additional Managing
Director together with concerned officials of IBBL head office. As per decision of the meeting, please find
herewith the 3 PI for opening Raw material LC which is essential for carry out the export orders.
Your prompt action in this regard is highly appreciable.
Thanks and regards
To,
Pallabi Branch.
Dhaka.
Subject:
Request to reduce to keep profi t rate @9% instead of recent fi xing @13.8%
Muhtaram
As Salamualikum.
the kind support of you and your team.
Regarding to above subject, regret to inform you that even couple days ago we are enjoying @9% profit
and suddenly climb to @13.8%. This will certainly have a serious adverse impact our business. We will
loose of competitiveness thus fail to capture the export orders.
Janab, this is a very new project only 1.5 years running. One of unique in nature and completely new of
its kind. We are not only competing locally but also competing globally specially with China. Since,
almost 90% 0f the products were imported from China. You must appreciate to learn that within this
short span of our journey we are getting wonderful response from the buyers.
IBBL is patronizing local import substitute industries since beginning of journey. Please help us to survive
and be completive. Therefore, praying your good-selves to review the matter and re-fix @9% once again
and considering as most urgent one. Export sector is one most privileged sector of the Government as
well as IBBL.
Thanking you in anticipation
Warmest Regards
26 January 2019 MLFL/LA/WC-IBBL-10122018
To,
Pallabi Branch.
Dhaka.
Subject:
Request to enhancement of Composite Working Capital facility from:
3) 34 million taka to ……………. Million under mode of Sight/Deferred/UPAS
project; AND
4) 20 million taka separate MDB/MDBFC facility for 100% export oriented Schiffl i
Embroidery project.
Dear Sir,
the kind support of the IBBL management.
We also thanks to the head office and branch management for visiting our factory on ……………
As you are aware that, we have already installed 3 out of 4 newly imported machine in December 2018.
Rest one is expected to be in trial run within this month. It means, our production capacity will be
increased approximately by 250 times.
Sl# Particulars Previous Existing

1 Schiffli 2 nos & 1 Sample Machine Lasser MVD 57 -2 nos
Lasser MVD 57 Sample
Machine
Lasser MVD 71 – 2 nos
2 Multihead Nil 66 Head – 1 nos
20 Head – 1 nos
3 Production Capacity Avg 1500 Yards based Allover Avg 4000 yards based on
production allover production
Expansion of Current Production Capacity:
You must appreciate to learn that as per our pre-projection and pre-planning in the last year, we have
already expanded our capacity to meet the Country’s on growing demand and trend of this business.
Accordingly, in order to cater the increasing demand and diversify the existing product range we have
already added 2 Nos Multihead Embroidery Machine to enter into the multihead embroidery market
and 2 Nos Schiffli Embroidery Machine of latest model. All these machines are running condition except
one currently under commissioning stage and expecting to be under running by the end of this month.
Current market situation:
Our industry is basically import substitute industry. The more we diversify the more we can capture the
market. If you look into year on year growth of the Garments exports you will find there is a strong
growth around 13%. It seems this will continue in the upcoming years too. Previously buyers sources the
laces and embroidery items almost 100% through import from China, Thailand & India. We are one of
the few industries who started manufacturing of this kind of the goods very recently. Recently, we have
participated International Garments Exports Fair (23-26 January 2019) and got tremendous response
from the potential buyers. According to them they are not aware of these kinds and industries presence
in Bangladesh.
Lace and Embroidery market is mostly dominated by China, Thailand & India. Now this is our turn to
grab it by improving our efficiency, quality and maintaining the lead time deadlines. We are exercising it
on daily basis. Employing the foreign experts to trained our local employees.
We are very hopeful and In Shaa Allah by the Grace of Almighty ALLAH we will reach our desired level
very shortly.
As you know the main raw materials for this project are different kinds of grey Fabrics and yarn. Around
60% of the total requirement to be sourced from locally and balance will be imported from abroad.
Therefore, we have to keep average 75 days Raw Material stocks to handle urgent orders.
Working Capital Investment Requirements:
Please find herewith the attached Cash Conversion cycle of our business which is self- explanatory.
Below table shows no of days involved in the different stages.
Sl# Particulars No of days involved

1 Lc opening to Shipment 30 days
2
MDB/MDBFC Facility:
Currently, MDB facility is included in our Composite working Capital facility. We have communicated
many times to separate this facility from the composite limit. If MDB included then our Raw Material
procurement interrupted ultimately business suffered.
Recently, we have routed some export Lc through IBBL and failed to discount the bills due to lack of
enough rooms in our composite limit. In these cases, we are facing financial hardship to service the bank
debts and factory running costs for long cash cycle.
Sales performance & Projections:
Based on market survey and feedback please find below our 1 st year performance with 2 machine and
projections for next 3 years for your understanding:
Sl # Sales in BDT (July-June)

2017-18
2018-19
2019-20
This is not a traditional industry and very much new of its kind in our country. Therefore, does requires
adequate nursing at the starting stage. If we get the proper support and guidance obviously this will
become a big industrial sector in our country within short period of time. The reason behind, it’s an
import substitute, saves foreign currency, high local value addition and definitely creates employment.
Based on capacity and requirement we would be grateful if you kindly take appropriate steps in order to
enhance the facility in the following way and manner:
Amount in million
Sl. Facility Current Proposed limit (BDT) Rate of Return
Limit (BDT)
1 LC,Eills/BBLC/BB Bills/MPI/Bai- 34 ….. (excluding MDB/MDBFC) 9% p.a.
Murabaha/
B ai-As-Sarf MDB/EDF/MFCI
2 MDB/MDBFC- Nil 2 Crore (Backed by acceptance 5% all in cost
of L/C issuing bank)
Additionally we are requesting to fix charges as per following:
1. Lc commission …….% instead of existing …….%.

2. Acceptance Commission 1st quarter 0.25%, on 2nd and onward quarter 0.15% instead of existing
…..% & ……% respectively.
3. Waiver of Exchange charge on Foreign Currency @ tk. 05 / USD
4. Rate of Exchange: We are expecting at best conversion rate, fYI existing other bank rate is 1 USD
= Tk. 83.80
Regards,
Ashraf Mahmood
24 July 2018 MLFL/LA/WC-IBBL-24072018
To,
Pallabi Branch.
Dhaka.
Subject:
Request to renew the sancti on of 34 million taka as working capital facility and 1
million taka as MDB facility for 100% export oriented Schiffl i Embroidery project.
Dear Sir,
At the outset, thanks to Islami Bank Bangladesh Limited management for facilitating us by allowing
working capital facility Taka 34 million to a newly incorporated 100% export oriented project namely
MAS Lace & Fabrics Ltd.
Expansion of Current Production Capacity

You must appreciate to learn that as per our pre-projection and pre-planning in the last year, we are
expanding our capacity to meet the existing demand and trend of the business. You are aware that in
order to meet the increasing demand and diversify the existing product range we have already opened
L/C for 2 Nos Multihead Embroidery Machine to enter into the multihead embroidery market and 1 No
Schiffli Embroidery Machine of latest model. Based on the recent trend and projected demand, we have
already proceeded to import another 1 (one) No schiffli elbroidery machine of latest state of art
technology and latest model in the world from Switzerland from the same manufacturer.

As you know the main raw materials for this project are grey Fabrics and yarn. Around 75% of the total
requirement to be sourced from locally and balance will be imported from abroad.

Further to your information despite the enhancement of the capacity by 120%, we are not applying for
enhancement of WC limit. But we are not able to discount our export bill as per your current rules.
If we don’t allow to discount in a separate line then it will be very difficult to route the export proceeds
through IBBL. Currently, it blocks the WC limit which will hamper Company’s business severely.
Rationale for separate MDB Facility:

a) Currently IBBL is discounting (MDB/MDBFC) an Export acceptance of a LC issuing bank by
blocking our WC import limit;
b) For the above, we can’t source our Raw materials thus our business hampered severely;
c) We approach to segregate the WC import facility and Export Lc discounting facility
(MDB/MDBFC); because export discounting is based on acceptance of the LC issuing bank and
100% secured;
d) Export Lc discounting (MDB/MDBFC) is generally on the exposure of the Lc issuing bank and not
on the exporter.
Therefore, we are applying to renew our existing WC facility as per below:

Amount in million
Limit (BDT)
1 LC,Eills/BBLC/BB BillsMPI/Bai- 34 34 (excluding MDB/MDBFC) 9% p.a.
Murabaha/
2 MDB/MDBFC Nil 1 Crore (Backed by acceptance 5% all in cost
Additional we are requesting some charges reduction and waiver as below mentioned:
5. Reduction of Acceptance Commission on Import L/C: We are requesting to charge acceptance
commission on 1st quarter 0.25%, on 2nd and onward quarter 0.15%.
= Tk. 83.80
Regards,
Ashraf Mahmood
January 16, 2019
The Manager and Vice President

Pallabi Branch
Dhaka.
Subject: Application for revaluation of the mortgaged loan
Muhtaram
As Salamualikum. At the outset I would like to thank you for your team and head office representative
for visiting our factory on ……………………………………….
You are aware that, all machines has been arrived and started commercial production except one which
is expected to be started within this month In Shaa Allah. Due to double the capacity obviously we need
to approach for enhancement of WC facility.
We are going to submit the WC enhancement application soon. Meanwhile, applying your goodselves to
instruct your concerned department for revalue the mortgaged property. Because, we believe the value
of mortgaged property has been increased last couple of years significantly. We strongly believe, after
valuation security will be well covered.
Therefore, shall request you to take the immediate action at your end.
December 10, 2018

Pallabi Branch
Dhaka.
Subject: Application for separate MDB/MDBFC facility for 1 cr (one crore) taka only
Muhtaram
As Salamualikum. Refer to above subject as per discussion we are applying for a separate MDB/MDBFC
facility for discounting the export bills.
The requirement of this credit line has been discussed many times both in your office and the head
office of IBBL. However, once again we are mentioning below the rationale of the facility:
1) As per existing sanction Export Lc discounting is included in the WC facility thus our import line
get exhausted;
2) Moreover, we have increased our capacity almost 250 times and existing WC limit is not
sufficient for importation of Raw materials only;
Based on the above reasons, please arrange a separate limit amounting to Taka 1 cr (one crore) only.
We are also requesting you to look to take the approval of approval at a time:
1) MDV/MDBFC ---- 1 cr ( One crore only)

2) Pricing--------- all in cost 5%
3) Conversion cost------ TT rate plus 0.50 paisa
Should you need anything further, please do not hesitate to contact us.
Thanking you
Yours faithfully
Ashraf Mahmud
To,
Pallabi Branch
Dhaka.
Subject:
Application for opening of 01 Year (UPAS) LC without post import Finance for:
1) 2 nos Heat set Machine- US$ 8,500/-

2) 2 nos Lace Cutting Machine- US$ 2,000/-
3) 2 nos Lace manufacturing crochet machine- US$ 20,500/-
4) 1 nos cone winding machine with 20,000 cones-US$ 13,500/-
Muhtaram
As SalamuAlikum. Alhamdulliah by the grace of Almighty and the help of the IBBL we are passing our
second year of our operation. Within this short span we have significantly penetrated in the market and
response are really inspiring.
You are aware that already we have opened 2 (two) Schiffli Machine LC and 2 (two) Multihead machine
Lc from your esteemed bank. 2 (two) Multihead machines are already reached our factory and 2 (two)
Schiifli machine from Switzerland are in port. We are expecting all four machine will be ready for
commercial production within December 2018, In Shaa Allah.
For your information this is a highly technical product and completely based on import. If we compete we
should have the product diversification machineries and ample capacity to meet the buyers lead time of
delivery. We are working hard and trying to learn the business quickly to coup with this very much
potential and growing market.
You must be happy to know that very recently I myself and our technical team have participated in the
world largest Machinery and Yarn fair (ITMA-ASIA) in Shanghai China for finding immediate required
Machinery and sourcing the Raw Material. The visit was an eye opener for us and by the Grace of
Almighty we have finalized some production and some finishing machines.
As new machines are about to commissioning stage to balancing the production and finishing department
we have to proceed for import of the above machines on an urgent basis.
Please find below the machine and details specification for your understanding:
Table-A:
SL# Machine Qnty Specification Required for Amount
1 Heat Set Machine 2 (Two) This is required in the US$ 8500
finishing department to
polish and make ready
for dyeing as well as
sewing in the
Garments.
2 Lace Cutting Machine 2 (Two) This also required in US$ 2000
the finishing
department to cut into
sizes given by the
buyers. It will increase
the finishing production
and decrease the human
intervention thus
improve the quality
3 Crochet Machine- Lace 2 (Two) This is new machines US$ 20,500
Manufacturing Machine which will produce
different types of laces.
There is very good
number of inquiries in
the market. To
diversify our product
range we are adding
with our existing set of
machineries.
4 Cone winding Machine 1(one) This is required for US$13,500
Raw materials
readiness to feed into
the production lines.
Readiness of raw
material is essential for
timely production. We
are increasing our
production capacity
almost by three times
so need additional
machines
After addition of the 4(four) Machines are in pipeline our production and finishing departments’
strength would be following:
TABLE-B:
Sl# Existing Machine Qnty Capacity Pipe Line Qnty New Capacity would
Machine be
1 Lasser Schiffli Machine 2 8,00,000/day Latest 2 18,00,000/day
Stiches model Stiches
Lasser
Schiffli
Machines
2 Multihead Machines - - Reach 2 2,00,000/day
Peace Stiches
Multihead
Machines
3 Cone Widing machines 1 36 Spindles ------- 36 Spindles not
sufficient to support
new capacity
4 Heat Set Machine 1 Can support ------- Lack of support for
existing additional quantity
production
only
From the above table there is a clear need of balancing in the production and finishing department
and accordingly lead us to go for procurement of the balancing and diversified machines.
Therefore, in order to balancing the factory production and finishing capacity and to diversify the product
we should have to import the following machinery immediately:
1) 2 nos Heat set Machine- US$ 8,500/-

2) 2 nos Lace Cutting Machine- US$ 2,000/-
3) 2 nos Lace manufacturing crochet machine- US$ 20,500/-
4) 1 nos cone winding machine with 20,000 cones-US$ 13,500/-
LC opening Terms:
1) LC to be opened under 01(year) UPAS facility;
2) 10% margin to be paid at the opening of the LC;
3) Balance 90% to be paid at the time of maturity date of the UPAS LC;
4) Any exchange fluctuation to be our account
Repayment methodology:
1) From the export proceeds of the company.
Security:
1) Post- dated cheques;

2) Personal Guarantee of the directors
We hope and believe considering our past track records you will take necessary actions at your end to
collect the required approval from the management of your esteemed bank and shall continue your
support and best wishes to us.
Thanking you
Yours faithfully
Ashraf Mahmud
07 October 6, 2018

Islami Bank Bangladesh Ltd.
Pallabi Branch, Dhaka
Subject: Application for allowing 1 year gestation period
Dear Sir
At the outset please accept our heartiest thanks and gratitude for sanctioning a HPSM facility
for amounting to taka 5 crore against importation of brand new machinery for enhancing our
production capacity.
Please note the facility approved without any gestation period. You must aware that generally
all HPSM facility must have gestation period. Especially for new business it is must. For your
better understanding please find below the rationale of the debt-equity:
Sl# Particulars FCY Debt Equity

1 2 nos Multi-head machines $ 85 k
2 2 nos MVD71 Schiffli Machines- CHF 800 k
Laesser
3 LC opening cost, charges etc
4 Foundation cost
5 Air-conditioning cost
6 UPS, cables and other Equipment
7
Total
Debt: Equity
If you look at the above table you will find that Debt: Equity ratio is ………… We have opened the
LC @10% margin. More over at the time of HPSM creation we have to pay another …….. Cr taka
as balance portion of own contribution. Even any currency fluctuation also to be borne by us.
As a newly established company it is very much pressure on us to pay all above together with
the current and newly created HPSM.
We are regular in servicing the debts. Hopefully, In Shaa Allah it will remain continue in the
upcoming days too.
Therefore, considering the above information and past track records, we would be obliged if
you kindly consider 1 year gestation period which will greatly help us for development of our
business.
Your prompt action in this regard will be highly appreciated.
Thanking you
Yours faithfully
Ashraf Mahmud
Managing Director
20 May 2018

Subject: Opening of 1 year deferred (UPAS) L/c for importing Capital Machinery for amounting
to US$ 85,000/- as per attached Invoice
Muhataram
Assalamualaikum
As per recent sanctioned advice we are pleased to forwarding the PI for Importing 2 Nos Multi-
Head Embroidery Machine. The details of which are as follows:
1) Beneficiary- Reach Peace

2) Amount----- $85,000/-
3) Description--- 2 Nos Latest Multi-Head Embroidery Machine with all auxiliaries
We would be grateful if you kindly provide us the LC draft which will be forwarded to
beneficiary for their comments.
Please note, we will deposit the 10% margin amount before the transmission of the LC.
Your prompt action has been highly appreciated.
Yours faithfully
Thanks and regards

Ashraf Mahmud
Managing Director
10 December 2018 MLFL/LA/WC-IBBL-10122018
To,
Pallabi Branch.
Dhaka.
Subject:
Dear Sir,




e) Currently IBBL is discounting (MDB/MDBFC) an Export acceptance of a LC issuing bank by
f) For the above, we can’t source our Raw materials thus our business hampered severely;
g) We approach to segregate the WC import facility and Export Lc discounting facility
100% secured;
h) Export Lc discounting (MDB/MDBFC) is generally on the exposure of the Lc issuing bank and not
on the exporter.

Amount in million
Limit (BDT)
Murabaha/
= Tk. 83.80
Regards,
Ashraf Mahmood
24 July 2018 MLFL/LA/WC-IBBL-24072018
To,
Pallabi Branch.
Dhaka.
Subject:
Dear Sir,




i) Currently IBBL is discounting (MDB/MDBFC) an Export acceptance of a LC issuing bank by
j) For the above, we can’t source our Raw materials thus our business hampered severely;
k) We approach to segregate the WC import facility and Export Lc discounting facility
100% secured;
l) Export Lc discounting (MDB/MDBFC) is generally on the exposure of the Lc issuing bank and not
on the exporter.

Amount in million
Limit (BDT)
Murabaha/
= Tk. 83.80
Regards,
Ashraf Mahmood
April 23, 2018

Subject: To enjoy HPSM facility after completion of 1 Year grace period
Muhataram
Assalamualaikum
With regard to our recent application for installation of production capacity enhancement
proposal please be informed that we are agreed to enjoy HPSM facility after completion of 1
year grace period.
This is for your kind information and necessary action.
Thanks & Regards,
Yours Faithfully
Ashraf Mahmood
Managing Director
21 January 2018

Subject: Request to arrange MDB(FC) financing by discounting the acceptance of export LC no.
2087170401808 issued by Bank Asia, L/c Dated- 27.11.2017, Acceptance dated 10 January 2018
for USD 38,640.30 favoring “MAS Lace & Fabrics Ltd.”
Muhataram
Assalamualaikum
With reference to the captioned subject, we are requesting MDB(FC) under the below
mentioned export LC no: 2087170401808, dated: 27 Nov 2017, acceptance given by Bank Asia
as on 10 January 2018 which will be matured on 08 April 2018 for USD 38,640.30 (USD Thirty-
Eight Thousand Six Hundred Forty and Thirty Cents Only).
You are requested to MDB(FC) the bill and credit the same to our AWCA No.: 1991, A/C Name-
MAS Lace & Fabrics Ltd. (IBBL, Pallabi Branch).
Our expected rate of profit will be 4%.
Please be informed that, we have not financed the documents/bill of exchange under the
captioned LC with any other bank.
Please kindly do the needful as soon as possible.
Thanks & Regards,
Yours Faithfully
Ashraf Mahmood
Managing Director

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13 May 2020

Please take necessary steps at your end.

Attention: Branch in Charge, Mirpur-10 Branch, IBBL.

LC Details for your reference:

Please take necessary steps at your end.

Please take necessary steps at your end.

Please take necessary steps at your end.

Please take necessary steps at your end.

25 February 2019 MLFL/LA/WC-IBBL-10122018

Subject: Immediate support for the following issues

25 February 2019 MLFL/LA/WC-IBBL-10122018

Below our present production status:

Sl# Particulars Previous Existing

Current market situation:

Raw Materials and its Sourcing:

1) 35 million taka to 70 Million under mode of Sight/Deferred/UPAS

Manager and Vice President

Your prompt action in this regard is highly appreciable.

Thanks and regards

Thanks and regards

14 February 2019 MLFL/LA/WC-IBBL-10122018

Thanking you in anticipation

26 January 2019 MLFL/LA/WC-IBBL-10122018

Sl# Particulars Previous Existing

Expansion of Current Production Capacity:

Current market situation:

Raw Materials and its Sourcing:

Working Capital Investment Requirements:

Sl# Particulars No of days involved

Sales performance & Projections:

Sl # Sales in BDT (July-June)

Additionally we are requesting to fix charges as per following:

1. Lc commission …….% instead of existing …….%.

24 July 2018 MLFL/LA/WC-IBBL-24072018

Expansion of Current Production Capacity

Raw Materials and its Sourcing:

Working Capital Investment Requirements:

Rationale for separate MDB Facility:

Therefore, we are applying to renew our existing WC facility as per below:

January 16, 2019

The Manager and Vice President

Subject: Application for revaluation of the mortgaged loan

The Manager and Vice President

1) MDV/MDBFC ---- 1 cr ( One crore only)

1) 2 nos Heat set Machine- US$ 8,500/-

1) 2 nos Heat set Machine- US$ 8,500/-

1) Post- dated cheques;

The Manager and Vice President

Subject: Application for allowing 1 year gestation period

Sl# Particulars FCY Debt Equity

Your prompt action in this regard will be highly appreciated.

The Manager and Vice President

1) Beneficiary- Reach Peace

Your prompt action has been highly appreciated.

Thanks and regards

10 December 2018 MLFL/LA/WC-IBBL-10122018

Expansion of Current Production Capacity