ISLAMI BANK BANGLADESH LIMITED

PROJECT INVESTMENT DIVISION

HEAD OFFICE, DHAKA.

Board Memo No.2007/ Date: 17.07.2007

Sub: Proposals for:

i. Recasting of Working Capital Investment limit of Tk.1800.00 million under LC/ Bills/ MPI/
Murabaha/BG mode (MPI/Bai-Murabaha TR sub limit from Tk.390.00 million to Tk.600.00
million) in addition to HPSM limit of Tk.1030.00 million;
ii. Extension of gestation period from 15 months to 18 months ;
iii. Reduction of LC margin from 10% to 5% ; and
iv. Reduction of Rate of Return from 15% to 14%.
- A/c. M/s. Abdul Monem Sugar Refinery Ltd., a client of Local Office, Dhaka.

A. Particulars of the Project

i. Name of the Project : M/s. Abdul Monem Sugar Refinery Ltd.

ii. Office Address : 111, R.R Datta Road (Sonargaon Road), Dhaka-1205.
iii. Constitution of the Company : Private Limited Company
iv. Capital Structure : Authorized capital: Tk. 750.00 million
Paid-up capital : Tk. 0.12 million
v. Particulars of the Directors / Shareholders
Name Academic Qualification Extent of Status in the
share Company
M/s. Abdul Monem Ltd. - 8.33% Shareholder
Rep. by: Mrs. Meherunnessa
Jb. Abdul Monem Diploma in Civil Engineering 8.33% MD
S/o. Late Mvi. Abdul Wahed
Jb. A.S.M. Mainuddin Monem MBA 41.67% Director
S/o. Jb. Abdul Monem (Harvard Business School,
USA)
Jb. A.S.M. Mohiuddin Monem Industrial Engineer 41.67% Director
S/o. Jb. Abdul Monem (North Eastern University,
USA)
Total: 100%

B. Present Limit & Liability of the Client with IBBL as on 21.05.2007

(Taka in Million)
Outstanding
Mode Limit Overdue Remarks
Net Gross
HPSM 1030.00 963.77 1091.98 55.50** Overdue
Bai-Murabaha 6.40 7.36 - Regular
MPI 1800.00 518.35 597.95 - Regular
Total funded ( funded 524.75* 605.31
LC (deffered) 390.00 and 557.50 586.76 - Regular
Bills BG - -
BG 150.00) - -
Sub Total 1082.25 1192.07 -
Grand Total 2830.00 2046.02 2284.05 55.50

* Funded liability against MPI/Murabaha already exceeded by Tk.134.75 million.

** If the proposed gestation period is extended then the account will be regularized.
C. Liability as per CIB report: As per CIB report printed on 03.07.2007 there is no classified liability.

D. Security: Land & Building Tk. 417.54 million

Machinery Tk. 765.00 million
Total Tk. 1182.54 million
E. Recommending Authority:
The E.C in its 1268th (Adj) meeting held on 13.06.2007 recommended the subject proposals to the Board
with the observation to mention earlier decisions. A copy of E.C. Memo No.2007/1092 dated 10.06.2007 is
enclosed for kind ready reference.

The earlier Board decisions were as under:

(Taka in million)
Particulars Board No. & Date Decisions
HPSM(Project) The Board in its 134th 1030.00
meeting held on Period 8 years excluding gestation period of 15
24.04.2005 months
Working Capital Limit The Board in its 146th 1800.00
meeting held on (TR 390.00)
05.10.2006

Now, the proposals are placed before the Board with desired information of the Executive Committee for
kind consideration and if agreed, the following resolution may be adopted:

RESOLUTION
“Resolved that the proposals for:
i. Recasting of Working Capital limit of Tk.1800.00 million under LC/Bills/MPI/Murabaha/BG
mode (MPI/Bai-Murabaha TR sub limit from Tk.390.00 million to Tk.600.00 million) in
addition to HPSM limit of Tk.1030.00 million;
ii. Extension of gestation period from 15 months to 18 months ;
iii. Reduction of LC margin from 10% to 5% ; and
iv. Reduction of Rate of Return from 15% to 14%.
- A/c. M/s. Abdul Monem Sugar Refinery Ltd., a client of Local Office, Dhaka under the terms and
conditions as envisaged in the E.C. Memo No.2007/1092 dated 10.06.2007 and as per usual terms and
conditions of the Bank be and are hereby approved.”

(M.FARIDUDDIN AHMED)
EXECUTIVE PRESIDENT