Bricks form the backbone of the aggregate requirement in Bangladesh. Traditionally, brick making is a small-scale businesses mostly located in pri-urban areas. Annual growth rate of the construction sector in Bangladesh has ranged from 8.1% to 8.9% in the last decade and this is expected to continue into the foreseeable future. Brick production, however, is one of the most environmentally damaging activities in the industrial sector.
We have planned to set up an energy efficient environment friendly automatic brick production factory utilizing state of the art technology. It would be Circular Moveable Tunnel Kiln (CMTK) based factory where coal would be the firing source of energy. Daily production capacity of this project would be 100,000 pieces quality bricks.
We have thoroughly studied our project and have prepared a detailed feasibility report. Detailed feasibility report is attached for your kind perusal. As per our estimation, total project cost comes to Tk. 323.243 million out of which we seek your financial help of Tk. 210.124 million (includes Interest During Construction Period of Tk. 14.318 million) as Term Loan which is 65% of the total project cost.
We have analyzed its financial viability which shows the IRR to 26% & Break Even Sales of Tk 77.29 million per year while BEP is 28% of rated capacity. Calculated minimum Debt-Service Coverage Ratio would be 1.28 (times). These entire criterions indicate the project to be lucrative for setting up. We would therefore, request you to sanction us the captioned loan to set up and operate the project smoothly.
Razzak Tower, 05 Purana Paltan, Dhaka-1000, Bangladesh.
Phone: +88-02-7125851, 9570980, 9560714