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ISLAMI BANK BANGLADESH LIMITED

PROJECT INVESTMENT DIVISION


HEAD OFFICE, DHAKA.
Board Memo No.2008/ Dated:
11.03.2008

Sub: Proposal for opening of LC for USD 1,81,041.00 eqv. to Tk.12.56 million to import Spare
parts for Generators at 10% cash security on cash retirement basis in addition to existing
composite facility of Tk.1296.79 million – A/c. M/s. Youth Spinning Mills Ltd., a client of
Local Office, Dhaka.

A. Particulars of the client:

1. Name of the Project : M/s. Youth Spinning Mills Ltd.


2. Location of the Project : Gorai, Mirzapur, Tangail.
3. Constitution of the Company : Private Limited Company.
4. Capital Structure
Authorized Capital :Tk.750.00 million
Paid-up Capital :Tk. 9.90 million
5. Nature of the Project Textile Spinning Mill
6. Installed Capacity of the Project Ring Spinning Unit : 24,000 Spindles
Rotor Unit : 576 -Rotor Head
7. Production capacity of the project : As below
(Million Kg/year)
Unit Average count Combed Carded Total
Ring Spinning 30 3.20 2.00 5.20
Rotor Spinning 16 1.00 1.00
Total 3.20 3.00 6.20

8. Directors of the Project Company

Name Present Extent of Share Status in the Company


i) Md. Abul Quasem Haider 17.375% Chairman
S/O. Al-Haj Mvi Sekander Hossain
ii) Md. Feroz Alam 17.375% Managing Director
S/O. Late Mohib Ullah
iii) Md. Razzakul Haider 17.375% Director
S/O. Late Abdul Mannan
iv) Md. Mostanser Billah 17.375% Director
S/O. Late Aziz Ullah
v) Md. Gias Uddin Dewan 5% Director
S/O. Al-Haj Shafiudin Dewan
vi) Md. Nuruddin Dewan 5% Director
S/O. Al-Haj Shafiudin Dewan
vii) Md. Ashraf Uddin Dewan 5% Director
S/O. Al-Haj Shafiudin Dewan
viii)Md. Helal Uddin 5% Director
S/O. Al-Haj Mowlana Shams Uddin
ix) Md. Anis Salauddin Ahmed 10.50% Director
S/O. Late Salauddin Ahmed
Total: 100%
B. Present Limit & Liability of the Client
(Taka in Million)
Mode Limit Outstanding Overdue Remarks
HPSM (Project) 696.79 364.83 -- Regular
LC/Bills/MPI/Murabaha 440.00 573.00 - Regular
IBP 150.00 206.65 46.18 Overdue
Bank Guarantee 10.00 5.60 - Regular
Sub total 600.00 785.25 46.18
Total 1296.79 848.48 46.18*
* The overdue will be adjusted from their export proceeds immediately.

C. Security: Land & Building : Tk. 160.61 million (FSV)


Machinery & Equipment : Tk. 388.59 million
(WDV)
Total : Tk. 549.20 million

D. Recommending Authority:
The E.C in its 1303rd Meeting held on 10.02.2008 discussed the above proposal and after
detailed discussion the EC recommended the same to the Board for approval. A copy of E.C Memo
No.2008/235 dated 08.02.2008 is enclosed for kind ready reference.

The proposal is now placed before the Board for kind approval and if agreed, the following
resolution may be adopted:

Resolution
“Resolved that the proposal for opening of LC for USD 1,81,041.00 eqv. to Tk.12.56 million to
import Spare parts for Generators at 10% cash security on cash retirement basis in addition to
existing composite facility of Tk.1296.79 million – A/c. M/s. Youth Spinning Mills Ltd. of Local
Office, Dhaka under the terms & conditions as envisaged in the E.C. Memo No.2008/235 dated
08.02.2008 and as per usual terms and conditions of the bank be and is hereby approved”

(M. FARIDUDDIN AHMAD)


EXECUTIVE PRESIDENT
The proposal is now placed before the Executive Committee for kind consideration and if agreed the
following resolution may be adopted:

Resolution
“Resolved that the proposal for opening of LC for EURO 1,91,724.00 eqv. to Tk.19.48 million to
import Carding machine and some Spares/auxiliary machinery at 10% Cash Security on cash
retirement basis in addition to existing composite facility of Tk.1296.79 million – A/c. M/s. Youth
Spinning Mills Ltd. of Local Office, Dhaka under the terms & conditions as envisaged in the Memo
be and is hereby recommended to the Board for approval”

(MOHD. SHAMSUL
HAQUE)
DEPUTY EXECUTIVE
PRESIDENT
AND
EXECUTIVE PRESIDENT
(CC)
ISLAMI BANK BANGLADESH LIMITED
PROJECT INVESTMENT DIVISION
HEAD OFFICE, DHAKA.

Board Memo No.2007/


Date: 02.12.2007

Sub: Post-facto approval for opening of LC for EURO 1,91,724.00 eqv. to Tk.19.48 million to
import Carding machine and some Spares/auxiliary machinery at 10% Cash Security on cash
retirement basis in addition to existing composite facility of Tk.1296.79 million – A/c. M/s.
Youth Spinning Mills Ltd. of Local Office, Dhaka.
A. Particulars of the client:
i. Name of the Project : M/s. Youth Spinning Mills Ltd.
ii. Location of the Project : Gorai, Mirzapur, Tangail.
iii. Constitution of the Company : Private Limited Company.
iv. Capital Structure
Authorized Capital : Tk.750.00 million
Paid-up Capital :Tk. 9.90 million
v. Nature of the Project Textile Spinning Mill
vi. Installed Capacity of the Project Ring Spinning Unit : 24,000 Spindles
Rotor Unit : 576 -Rotor Head
vii. Production capacity of the project : As below
(Million
Kg/year)
Unit Average count Combed Carded Total
Ring Spinning 30 3.20 2.00 5.20
Rotor Spinning 16 1.00 1.00
Total 3.20 3.00 6.20

viii. Directors of the Project Company


Name Present Extent of Share Status in the Company
i) Md. Abul Quasem Haider 17.375% Chairman
S/O. Al-Haj Mvi Sekander Hossain
ii) Md. Feroz Alam 17.375% Managing Director
S/O. Late Mohib Ullah
iii) Md. Razzakul Haider 17.375% Director
S/O. Late Abdul Mannan
iv) Md. Mostanser Billah 17.375% Director
S/O. Late Aziz Ullah
v) Md. Gias Uddin Dewan 5% Director
S/O. Al-Haj Shafiudin Dewan
vi) Md. Nuruddin Dewan 5% Director
S/O. Al-Haj Shafiudin Dewan
vii) Md. Ashraf Uddin Dewan 5% Director
S/O. Al-Haj Shafiudin Dewan
viii)Md. Helal Uddin 5% Director
S/O. Al-Haj Mowlana Shams Uddin
ix) Md. Anis Salauddin Ahmed 10.50% Director
S/O. Late Salauddin Ahmed
Total: 100%

B. Present Limit & Liability of the Client as on 06.11.2007


(Taka in
Million)
Mode Limit Outstanding Overdue Remarks
HPSM (Project) 696.79 324.08 --
LC/Bills/MPI/Murabaha 440.00 508.80 -
IBP 150.00 - -
Bank Guarantee 10.00 15.60 -
Sub total 600.00 524.40
Total 1296.79 848.48

C. Particulars of the Proposed L/C:


i. Name of the Concern : M/s. Youth Spinning Mills Ltd.
ii. Amount of L/C : EURO 1,91,724.00 eqv. to total Tk.19.48 million
iii. Cash Security : 10%
iv. Tenor : At sight
v. Commodity : Capital Machinery.
vi. Country of Origin : Germany.
vii. Source of fund : Cash retirement from the client’s own source.
D. Particulars of the Machinery:

Sl Name of the machinery Country of Origin Quantity Total Price


No (Euro)
01. Truetzschler Card TC 06 2 set
02. Can changer TC-C1000D 2 set
03. Cylinder Brake TC-CB 2 set
04. Needle cylinder TC - NC 2 set
05. Long Life Wire TC-LLC Germany 2 set 1,91,724.00
06. Sensofeed TC-SFD 2 set
07. Flexafeed Flap BR-FF 2 set
08. Modification of existing 2 set
control LC-M

E. Security: Total Value of Securities: Land & Building : Tk. 160.61


million (FSV)
Machinery & Equipment : Tk. 388.59
million (WDV)
Total : Tk. 549.20
million

F. Recommending Authority:
The E.C in its 1291 st (Adj.) Meeting held on 18.11.2007 recommended the subject proposal to the
Board. A copy of E.C. Memo No.2007/2263 dated 18.11.2007 is enclosed for kind ready reference.
In view of the urgent requirement of the client and as approached by the branch we have issued
formal sanction advice to the branch upon kind concurrence of the Honourable Chairman, Board of
Directors pending post facto approval of the Board.
The proposal is now placed before the Board for kind consideration and if agreed the following
resolution may be adopted:

Resolution
“Resolved that the proposal for opening of LC for EURO 1,91,724.00 eqv. to Tk.19.48 million to
import Carding machine and some Spares/auxiliary machinery at 10% Cash Security on cash
retirement basis in addition to existing composite facility of Tk.1296.79 million – A/c. M/s. Youth
Spinning Mills Ltd. of Local Office, Dhaka under the terms & conditions as envisaged in the E.C.
Memo No.2007/2263 dated 18.11.2007 be and is hereby approved post – facto”

(M. FARIDUDDIN
AHMED)
EXECUTIVE PRESIDENT

ISLAMI BANK BANGLADESH LIMITED


PROJECT INVESTMENT DIVISION
HEAD OFFICE, DHAKA.
E.C. Memo No.2007/ Date:
18.11.2007

Sub: Proposal for opening of LC for EURO 1,91,724.00 eqv. to Tk.19.48 million to import Carding
machine and some Spares/auxiliary machinery at 10% Cash Security on cash retirement basis
in addition to existing composite facility of Tk.1296.79 million – A/c. M/s. Youth Spinning
Mills Ltd. of Local Office, Dhaka.
A. . Banking information of the client
01. Date of banking with IBBL : 05.11.2000
02. Date of availing investment/first disbursement from IBBL : 20.08.2001
03. Date of last renewal/ Sanction of WC Limit : 10.11.2007
04. Date of expiry of the Working capital Limit : 09.11.2008

b. Summary of sanction of the fresh investment/ enhancement of investment / facilities allowed to


the Client:
(Taka in
million)
Sanctioning Authority with date Name of the Mode of Amount of Remarks
concerns Investment Investment
The Board in its 98th meeting held M/s. Youth HPSM 500.00 For setting up a 24,000
on 16.11.2000 Spinning Mills spindle textile spinning
Ltd. mill
Working Capital 200.00 Initial sanction
The Board in its Emergent Do HPSM 95.00 To meet-up the cost
Meeting held on 16.10.2001 over-run.
The Board in its 109th Meeting Do HPSM 24.00 to set-up a Rotor
held on 19.06.2002 Spinning Unit
Working Capital 212.50 Renewal &
enhancement
The Board in its 118th Meeting Do HPSM 51.80 to increase capacity of
held on 31.07.2003 the existing Ring
Spinning Unit
HPSM 24.00 Cancel the sanction.
Working Capital 292.30 Renewal &
enhancement
The Board in its Emergent Do HPSM 7.80 To import laboratory
Meeting held on 29.03.2004 equipment
The Board in its 128th Meeting Do Working Capital 384.30 Renewal &
held on 10.06.2004 enhancement
The Board in its 141st Meeting Do HPSM 103.70 For setting up of a rotor
held on 13.04.2006 unit & BMRE of the
existing Ring Spinning
unit
Working Capital 475.00 Renewal &
enhancement
Upon Kind concurrence of the Do Working Capital 600.00 Renewal &
Honourable Chairman, Board enhancement
dated 08.11.2007

B. Background of the client:


01. M/s. Youth Spinning Mills Ltd. has been doing business with IBBL since 2000 as a sister
concern of M/s. Youth Group and availing Investment Limit. But from 2004 they are enjoying
separate limit of Tk.475.00 & running smoothly.

To meet up the increasing demand of the product the client intends to increase the capacity and
has approached the branch for opening of LC for EURO 1,91,724.00 eqv. to Tk.19.48 million
at 10% Cash Security under cash retirement to import Capital Machinery (Carding Machine) in
addition to existing facility of Tk.799.08 million – A/c. M/s. Youth Spinning Mills Ltd. of
Local Office, Dhaka.

02. Particulars of the client:


i. Name of the Project : M/s. Youth Spinning Mills Ltd.
ii. Location of the Project : Gorai, Mirzapur, Tangail.
iii. Constitution of the Company : Private Limited Company.
iv. Capital Structure
Authorized Capital : Tk.750.00 million
Paid-up Capital : Tk. 9.90 million
v. Nature of the Project Textile Spinning Mill
vi. Installed Capacity of the Project Ring Spinning Unit : 24,000 Spindles
Rotor Unit : 576 -Rotor Head
vii. Production capacity of the project : As below
(Million
Kg/year)
Unit Average count Combed Carded Total
Ring Spinning 30 3.20 2.00 5.20
Rotor Spinning 16 1.00 1.00
Total 3.20 3.00 6.20

03. Directors of the Project Company


Name Present Extent of Share Status in the Company
i) Md. Abul Quasem Haider 17.375% Chairman
S/O. Al-Haj Mvi Sekander Hossain
ii) Md. Feroz Alam 17.375% Managing Director
S/O. Late Mohib Ullah
iii) Md. Razzakul Haider 17.375% Director
S/O. Late Abdul Mannan
iv) Md. Mostanser Billah 17.375% Director
S/O. Late Aziz Ullah
v) Md. Gias Uddin Dewan 5% Director
S/O. Al-Haj Shafiudin Dewan
vi) Md. Nuruddin Dewan 5% Director
S/O. Al-Haj Shafiudin Dewan
vii) Md. Ashraf Uddin Dewan 5% Director
S/O. Al-Haj Shafiudin Dewan
viii)Md. Helal Uddin 5% Director
S/O. Al-Haj Mowlana Shams Uddin
ix) Md. Anis Salauddin Ahmed 10.50% Director
S/O. Late Salauddin Ahmed
Total: 100%
04. Present Limit ,Liability & performance of the Client
a. with IBBL
i. Limit & liability as on 06.11.2007
(Taka in
Million)
Mode Limit Outstanding Overdue Remarks
HPSM (Project) 696.79 324.08 --
LC/Bills/MPI/Murabaha 440.00 508.80 -
IBP 150.00 - -
Bank Guarantee 10.00 15.60 -
Sub total 600.00 524.40
Total 1296.79 848.48

ii. Working Capital Performance of the Client


(Taka in
Million)
2004 2005 2006
Import 451.93 561.98 665.65
Export 794.51 847.95 940.30
Income of the Branch 129.16 129.88 154.28
C. Particulars of the Proposed L/C:
i. Name of the Concern : M/s. Youth Spinning Mills Ltd.
ii. Amount of L/C : EURO 1,91,724.00 eqv. to total Tk.19.48 million
iii. Cash Security : 10%
iv. Tenor : At sight
v. Commodity : Capital Machinery.
vi. Country of Origin : Germany.
vii. Source of fund : Cash retirement from the client’s own source.
D. Particulars of the Machinery:

Sl Name of the machinery Country of Origin Quantity Total Price


No (Euro)
01. Truetzschler Card TC 06 2 set
02. Can changer TC-C1000D 2 set
03. Cylinder Brake TC-CB 2 set
04. Needle cylinder TC - NC 2 set
05. Long Life Wire TC-LLC Germany 2 set 1,91,724.00
06. Sensofeed TC-SFD 2 set
07. Flexafeed Flap BR-FF 2 set
08. Modification of existing 2 set
control LC-M
E. Implication on Increase of 2 Nos Carding:

Par. Count No of Ring Ring Ring Ring Increase


Card Speed Production Production Production (Kg/day)
(Kg/day) (Kg/day) (Kg/day)
Carded Combed Total

Existing 26 12 13500 7867 5619 13486


Proposed 26 14 15500 7742 7742 15484 1998

F. Security: Total Value of Securities: Land & Building : Tk. 160.61


million (FSV)
Machinery & Equipment : Tk. 388.59
million (WDV)
Total : Tk. 549.20
million

G. Recommendation of the Branch:


Considering client’s urgent need , performance and to meet up their increased volume of business ,
the branch incumbent of Local Office, Dhaka has recommend the proposal for opening of LC for
EURO 1,91,724.00 eqv. to Tk.19.48 million to import Carding machine and some Spares/auxiliary
machinery at 10% Cash Security on cash retirement basis in addition to existing composite facility of
Tk.1296.79 million – A/c. M/s. Youth Spinning Mills Ltd. of Local Office, Dhaka.

H. Head Office Observations:


01. Performance of the client is so far satisfactory.
02. The proposed LC documents will be retired on cash from the own sources of the client at first
presentation.
03. After installation of the machinery, production capacity of yarn of the project will be
increased by 1998 kg/day which will bring ultimate benefit for the client as they do not need
other fixed investment.

I. Head Office Recommendation:


Considering the recommendation of the branch and urgent need of the project, we also recommend
the proposal for opening of LC for EURO 1,91,724.00 eqv. to Tk.19.48 million to import Carding
machine and some Spares/auxiliary machinery at 10% Cash Security on cash retirement basis in
addition to existing composite facility of Tk.1296.79 million – A/c. M/s. Youth Spinning Mills Ltd.
of Local Office, Dhaka.
The proposal is now placed before the Executive Committee for kind consideration and if agreed the
following resolution may be adopted:

Resolution
“Resolved that the proposal for opening of LC for EURO 1,91,724.00 eqv. to Tk.19.48 million to
import Carding machine and some Spares/auxiliary machinery at 10% Cash Security on cash
retirement basis in addition to existing composite facility of Tk.1296.79 million – A/c. M/s. Youth
Spinning Mills Ltd. of Local Office, Dhaka under the terms & conditions as envisaged in the Memo
be and is hereby recommended to the Board for approval”

(MOHD. SHAMSUL
HAQUE)
DEPUTY EXECUTIVE
PRESIDENT
AND
EXECUTIVE PRESIDENT
(CC)
Sub: Proposal for opening of LC for EURO 1,91,724.00 eqv. to Tk.19.48 million to import Carding
machine and some Spares/auxiliary machinery at 10% Cash Security on cash retirement basis
in addition to existing composite facility of Tk.1296.79 million – A/c. M/s. Youth Spinning
Mills Ltd. of Local Office, Dhaka.
Notes from pre-page may kindly be seen

The EC in its 1291st meeting held on 18.11.2007 recommended the subject proposal to the Board for
approval.

As per CIB report printed on 17.10.2007 there was a classified liability of Tk.0.10 million in the
name of Kazi Razzakul Haider. The branch confirmed that Jb. Kazi Razzakul Haider reported in
CIB report is not Jb. Md. Razzakul Haider , Director of M/s. Youth Spinning Mills Ltd. may be
some one else. They have also informed that the Director of the company did not avail such
investment /facility from any Bank/Financial institution and he has got no classified liability.

For urgency of the client and requirement of the project, we may issue formal sanction advice to
open the LC upon kind concurrence of the Honourable Chairman, Board pending post facto approval
of the Board

(Mohammad Shamsul Kabir )


Senior Oficer, PID
ISLAMI BANK BANGLADESH LIMITED
PROJECT INVESTMENT DIVISION
HEAD OFFICE, DHAKA.
Office Note Date:
11.11.2007

Sub: Proposal for opening of LC for EURO 1,91,724.00 eqv. to Tk.19.48 million at 10% Cash
Security under cash retirement to import Capital Machinery (Carding machine) in addition to
existing facility of Tk.799.08 million – A/c. M/s. Youth Spinning Mills Ltd. of Local Office,
Dhaka.

A. . Banking information of the client


01. Date of banking with IBBL : 05.11.2000
02. Date of availing investment/first disbursement from IBBL : 20.08.2001
03. Date of last renewal/ Sanction of WC Limit : 10.11.2007
04. Date of expiry of the Working capital Limit : 09.11.2008

b. Summary of sanction of the fresh investment/ enhancement of investment / facilities allowed to


the Client:
(Taka
in million)
Sanctioning Authority with date Name of the Mode of Amount of Remarks
concerns Investment Investment
The Board in its 98th meeting held M/s. Youth HPSM 500.00 For setting up a 24,000
on 16.11.2000 Spinning Mills spindle textile spinning
Ltd. mill
Working Capital 200.00 Initial sanction
The Board in its Emergent Do HPSM 95.00 To meet-up the cost
Meeting held on 16.10.2001 over-run.
The Board in its 109th Meeting Do HPSM 24.00 to set-up a Rotor
held on 19.06.2002 Spinning Unit
Working Capital 212.50 Renewal &
enhancement
The Board in its 118th Meeting Do HPSM 51.80 to increase capacity of
held on 31.07.2003 the existing Ring
Spinning Unit
HPSM 24.00 Cancel the sanction.
Working Capital 292.30 Renewal &
enhancement
The Board in its Emergent Do HPSM 7.80 To import laboratory
Meeting held on 29.03.2004 equipment
The Board in its 128th Meeting Do Working Capital 384.30 Renewal &
held on 10.06.2004 enhancement
The Board in its 141st Meeting Do HPSM 103.70 For setting up of a rotor
held on 13.04.2006 unit & BMRE of the
existing Ring Spinning
unit
Working Capital 475.00 Renewal &
enhancement
Upon Kind concurrence of the Do Working Capital 600.00 Renewal &
Honourable Chairman, Board enhancement
dated 08.11.2007

B. Background of the client:


02. M/s. Youth Spinning Mills Ltd. has been doing business with IBBL since 2000 as a sister
concern of M/s. Youth Group and availing Investment Limit. But from 2004 they are enjoying
separate limit of Tk.475.00 & running smoothly.

To meet up the increasing demand of the product the client intends to increase the capacity and
has approached the branch for opening of LC for EURO 1,91,724.00 eqv. to Tk.19.48 million
at 10% Cash Security under cash retirement to import Capital Machinery (Carding Machine) in
addition to existing facility of Tk.799.08 million – A/c. M/s. Youth Spinning Mills Ltd. of
Local Office, Dhaka.

02. Particulars of the client:


i. Name of the Project : M/s. Youth Spinning Mills Ltd.
ii. Location of the Project : Gorai, Mirzapur, Tangail.
iii. Constitution of the Company : Private Limited Company.
iv. Capital Structure
Authorized Capital :Tk.750.00 million
Paid-up Capital :Tk. 9.90 million
v. Nature of the Project Textile Spinning Mill
vi. Installed Capacity of the Project Ring Spinning Unit : 24,000 Spindles
Rotor Unit : 576 -Rotor Head
vii. Production capacity of the project : As below
(Million Kg/year)
Unit Average count Combed Carded Total
Ring Spinning 30 3.20 2.00 5.20
Rotor Spinning 16 1.00 1.00
Total 3.20 3.00 6.20

03. Directors of the Project Company


Name Present Extent of Share Status in the Company
i) Md. Abul Quasem Haider 17.375% Chairman
S/O. Al-Haj Mvi Sekander Hossain
ii) Md. Feroz Alam 17.375% Managing Director
S/O. Late Mohib Ullah
iii) Md. Razzakul Haider 17.375% Director
S/O. Late Abdul Mannan
iv) Md. Mostanser Billah 17.375% Director
S/O. Late Aziz Ullah
v) Md. Gias Uddin Dewan 5% Director
S/O. Al-Haj Shafiudin Dewan
vi) Md. Nuruddin Dewan 5% Director
S/O. Al-Haj Shafiudin Dewan
vii) Md. Ashraf Uddin Dewan 5% Director
S/O. Al-Haj Shafiudin Dewan
viii)Md. Helal Uddin 5% Director
S/O. Al-Haj Mowlana Shams Uddin
ix) Md. Anis Salauddin Ahmed 10.50% Director
S/O. Late Salauddin Ahmed
Total: 100%
04. Present Limit ,Liability & performance of the Client
b. with IBBL
j. Limit & liability as on 06.11.2007
(Taka in
Million)
Mode Limit Outstanding Overdue Remarks
HPSM (Project) 696.79 324.08 --
LC/Bills/MPI/Murabaha 440.00 508.80 -
IBP 150.00 - -
Bank Guarantee 10.00 15.60 -
Sub total 600.00 524.40
Total 1296.79 848.48

ii. Working Capital Performance of the Client


(Taka in
Million)
2004 2005 2006
Import 451.93 561.98 665.65
Export 794.51 847.95 940.30
Income of the Branch 129.16 129.88 154.28
C. Particulars of the Proposed L/C:
i. Name of the Concern : M/s. Youth Spinning Mills Ltd.
ii. Amount of L/C : EURO 1,91,724.00 eqv. to total Tk.19.48 million
iii. Cash Security : 10%
iv. Tenor : At sight
v. Commodity : Capital Machinery.
vi. Country of Origin : Germany.
vii. Source of fund : Cash retirement from the client’s own source.
D. Particulars of the Machinery:

Sl Name of the machinery Country of Origin Quantity Total Price


No (Euro)
01. Truetzschler Card TC 06 2 set
02. Can changer TC-C1000D 2 set
03. Cylinder Brake TC-CB 2 set
04. Needle cylinder TC - NC 2 set
05. Long Life Wire TC-LLC Germany 2 set 1,91,724.00
06. Sensofeed TC-SFD 2 set
07. Flexafeed Flap BR-FF 2 set
08. Modification of existing 2 set
control LC-M
E. Implication on Increase of 2 Nos Carding:

Par. Count No of Ring Ring Ring Ring Increase


Card Speed Production Production Production (Kg/day)
(Kg/day) (Kg/day) (Kg/day)
Carded Combed Total

Existing 26 12 13500 7867 5619 13486


Proposed 26 14 15500 7742 7742 15484 1998

F. Security: Total Value of Securities: Land & Building : Tk. 160.61


million (FSV)
Machinery & Equipment : Tk. 388.59
million (WDV)
Total : Tk. 549.20
million

G. Head Office Observations:


04. Performance of the client is so far satisfactory.
05. The proposed LC will be retire from the own sources of the client.
06. After installation of the machinery, production capacity of the client will be increased
by 1998 kg/day.

Placed for kind decision.

(Mohammad Shamsul Kabir )


Senior Officer, PID

AVP(PID) Please

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