To,
Manager (FAVP)
Islami Bank Bangladesh Limited
Singair Branch, Manikganj.
Subject: Application for Working Capital or Current
Capital.
Sir,
The sincere request with due respect is that we MAB
Auto Bricks Ind. Ltd are regular customers of your branch and already we have
been given booking 220.00 million taka in amount in Sanction No-
IBBL/Singair/Inv on dated 23/08/2017 AD from your branch all of them have been
used in project work. In that situation there has seen current capital for us.
Therefore as per our production the description of current is given.
Daily production power is
150,000 piece
|
Serial No
|
Name and description of
goods
|
Amount of raw products
yearly
|
Fixed price
|
Measurement of of
expenditure of raw goods yearly in total
|
|
01.
|
Soil= 20625 CFT including
10% wastage rate
|
74,25,000/- CFT
|
12/- taka per litre
|
8,91,00,000
|
|
02.
|
Coal= 40 ton including 5%
wastage rate
|
14,400 ton
|
13500.00 Taka
|
194400,000
|
|
03.
|
Electricity/ generator
|
|
0.55 taka
|
2,97,00,000
|
|
Total:
|
31,32,00,000
|
|||
Expenditure will be for 90
days= 7,83,00,000/- only.
As per the
account mentioned above the project is needed for current capital. At present
the work of the project is about the level of ending. We will start producing
bricks on the next 1st April, 2018 AD as per progress of the
project. As we are wanting to start production in the month of April in that we
will have to start raw materials from from now. And there is needed current
capital for collecting raw materials. Equity of current capital has already
been invested in the project. As because of the reason equity has been invested
of current capital which is as follows:
Continued to the Page No- 2
Page No- 2
1.
Total investment as per production is less and the
amount of equity is more. The percentage of investment was 42% : 52%.
2.
There has been damaged in construction materials and
construction work as because of much raining in the months of March and April
in 2017 AD, which is constructed again.
3.
In case of the investment to change for the new
supplier there is time consuming from the head office. As because of that
reason the project work as is stopped for some days local and import cost of
the project is increased.
4.
As the government specified the capacity of
transportation load there is is spent additional taka too much in the
transportation as well.
5.
As because of the reasons mentioned above there has
invested in equity project of our current capital. As we are going to start in
the month of April in that case now the necessary is to purchase advance coal
and soil.
6.
Therefore, the sincere request to the sir is that,
there is approved for withdrawn of 50% advance for making amassment soil and
coal including booking taka of current capital.
Thanking by
MAB, Auto Bricks Ind, Ltd.
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