Investment Risk Management Division (IRMD)

Head Office, Dhaka

Ref : SIBL/HO/IRMD/2018/3511
Date : 09.08.2018

The VP & Manager (CC)

Social Islami Bank Limited
Principal Branch, Dhaka

Subject: Request for providing required papers/documents for processing a) proposal for renewal of Composite Limit b)
Issuing NOC for change of Directorship of the Company i.e. Withdrawal of Nominated Director A/C: Bangladesh
Monospool Paper Manufacturing Company Ltd.

Muhtaram,
Assalamu Alaikum Wa Rahmatullah.
Please refer to your proposal ref: SIBL/PB/RMD/2018/5678 dated 20.05.2018 as well as our letter ref:
SIBL/HO/IRMD/2018/2440 dated 28.05.2018 & ref: SIBL/HO/IRMD/2018/3408 dated 02.08.2018 on the captioned subject.
In this connection we would like to inform you that the subject noted proposal was placed before the Investment
Committee meeting held on 07.08.2018 and as per recommendation of Investment Committee we would request you to
provide us the following documents/information for processing the proposal:
i) CIB Report dated 05.08.2018 shows director list differ of the client. As such let us know the reasons for director list
differ ,take necessary steps for correction of CIB Database for obtaining Clean CIB report of the Client and submit latest
Form (XII) & Schedule (X) verified by the Branch Officials.
ii) Obtain fresh personal guarantee from all directors of the company and obtain an undertaking from the client stating that
due to director list differ if any complicacy arises in future they will be held responsible and liable.
iii) Adjust the entire overdue liability of the clients and its sister concerns with our Bank to keep the account regular and
confirm us accordingly.
iv) Particulars of allied /sister concerns of the client as per prescribed format.
v) Up to date liability position of the client and its sister/allied concerns with other Banks/Financial Institutions.
vi) Valid Credit Rating Report of the Client.

Please submit the above noted documents/information at the earliest for processing the proposal. We would also request
to replay of our query letter ref: SIBL/HO/IRMD/2018/3408 dated 02.08.2018 in this regard. Your proposal will be kept
pending at your risk and responsibility until obtaining satisfactory replay from your end.

Ma-assalam.
Sincerely yours,

(Sumon Mia) (A M Saleh Uddin Kutubi)

Senior Executive Officer Vice President

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 Investment Risk Management Division (IRMD)
Head Office, Dhaka

Ref : SIBL/HO/IRMD/2018/3408
Date : 02.08.2018

The VP & Manager (CC)

Social Islami Bank Limited
Principal Branch, Dhaka

Subject: Request for providing required papers/documents for processing a) proposal for renewal of Composite Limit
Tk.2300.00 Lac b) Issuing NOC for change of Directorship of the Company i.e. Withdrawal of Nominated
Director A/c: Bangladesh Monospool Paper Manufacturing Company Ltd.

Muhtaram,
Assalamu Alaikum Wa Rahmatullah.
Please refer to your proposal ref: SIBL/PB/RMD/2018/5678 dated 20.05.2018 as well as our letter ref:
SIBL/HO/IRMD/2018/2440 dated 28.05.2018 on the captioned subject. In this connection we would request you to provide
us the following documents/information for processing the proposal:
vii) There is long overdue in the Accepted Bills, Baim Work Order, TR, HPSM Investment Account of the client and its
sister concerns which already falls under adverse classification status. As such we would request to adjust the overdue
liability immediately to keep the account regular and also request to submit client’s written commitment regarding
adjustment plan of overdue liability.
viii) Up to date Stock Report of the client duly verified by the Branch Officials
ix) Information regarding Work Order financing i.e. List of Work Order in hand against Baim Work Order Investment (13
column statement) duly filled up as per prescribed format.
x) Up to date valid Credit Rating Report of the client
xi) Net Worth Statement of all the directors/ Shareholders (20% & above) of the Company (Incoming & Outgoing).

Please submit the above noted documents/information at the earliest for processing the proposal. Your proposal will be
kept pending at your risk and responsibility until obtaining satisfactory replay from your end.

Ma-assalam.
Sincerely yours,

(Sumon Mia) (A M Saleh Uddin Kutubi)

Senior Executive Officer Vice President

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 Investment Risk Management Division (IRMD)
Head Office, Dhaka

Ref : SIBL/HO/IRMD/2018/2440
Date : 28.05.2018

The EVP & Manager

Social Islami Bank Limited
Principal Branch, Dhaka

Subject: Request for providing required papers/documents for processing a) proposal for renewal of Composite Limit
Tk.2300.00 Lac b) Issuing NOC for change of Directorship of the Company i.e. Withdrawal of Nominated
Director A/c: Bangladesh Monospool Paper Manufacturing Company Ltd.

Muhtaram,
Assalamu Alaikum Wa Rahmatullah.
Please refer to your proposal ref: SIBL/PB/RMD/2018/5678 dated 20.05.2018 on the captioned subject. In this connection
we would request you to provide us the following documents/information for processing the proposal:
xii) CIB report dated 24.05.2018 in the name of sister concern Paper Processing & Packeging Ltd. shows an objection of
director list differ. Please take necessary steps to obtain clean and complete CIB report of the client for processing the
proposal.
xiii) Stock Report of the client duly verified by the Branch Officials
xiv) Information regarding Work Order financing i.e. List of Work Order completed last 03 years and Work Order in
hand against Baim Work Order Investment(13 column statement) duly filled up as per prescribed format
xv) As per sanction terms and conditions Baim (Work Order) and BG/PG Investment can be allowed only against the Work
Order of Govt. and Semi Govt. Organization. As per your submitted information, It is observed that BG/PG has been
issued and disbursed under Baim Work Order Investment against Assignment of Work Order of some Private
Organization. Please clarify the issue.
xvi) Up to date valid Credit Rating Report (Existing report already expired on 29.03.2018.)
xvii) Net Worth Statement of all the directors/ Shareholders (20% & above) of the Company (Incoming & Outgoing).
xviii) As per Head Office circular No. SIBL/HO/IRMD/2013/3767 dated: 25.09.2013, the proposal should be send to
Head office for renewal at least 02(two) months before it’s expiry. The issue was reminded vide Head Office letter ref:
SIBL/HO/IRMD/2017/6418 dated: 13.12.2017. You have forwarded renewal proposal (Limit expiry date 31.05.2018) of
the subject noted client to Head Office on 21.05.2018. Please clarify the reasons for delay of sending renewal proposal
and violation of the Head Office Instruction.

Please submit the above noted documents/information at the earliest for processing the proposal. Your proposal will be
kept pending at your risk and responsibility until obtaining satisfactory replay from your end.

Ma-assalam.
Sincerely yours,

(Sumon Mia) (A M Saleh Uddin Kutubi)

Senior Executive Officer Vice President

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