Date: 10th September 2025
The Director
Foreign Exchange Investment Department,
Bangladesh Bank, Head Office
Motijheel Commercial Area, Dhaka-1000.
Through: Prime Bank Limited, (Gulshan Branch) Plot # 01, Block- CEN(H), Road # 109, Gulshan Avenue, Gulshan, Dhaka-1212.
Subject: Answers to the queries given by Bangladesh Bank concerning the application for Waiver of Condition no. 8 of the BIDA branch office permission letter.
Dear Sir,
With reference to the letter of Bangladesh Bank Letter (No: FEID/ BR/729/2(B- 1444)/ 2024-3461), regarding the waiver of Condition No. 08 in the BIDA branch office permission letter, we are providing the necessary details regarding the company’s transactions for your kind consideration and approval.
Therefore, it is highly requested to review the documents as well as take the necessary action to provide the approval of waiver of condition 8 in pursuance to condition 9 of the permission letter.
Sincerely yours,
🗸
_____________________
MITSUO KAWASAKI
Country Manager
SANYO ENGINEERING & CONSTRUCTION INC.
(Bangladesh Branch Office)
Annexure A:
Apology Letter
Submission of Project List (Evidence of the affiliation of the branch office (copies of contracts, work orders, etc.) with OSGI Joint Venture, Ship Aichi Medical Service Limited; Embassy of Japan, Bangladesh; TOWA Personal Protective Device, Bangladesh Ltd.; Shimizu Corporation, TOA Corporation; Bangladesh Honda Pvt. Ltd.)
Explanation for non-submission of Encashment Certificates
Declaration for Amendment of Audit Report for the Year Ended 30 June 2023 (Documentary evidence including explanation as to why Current Account with Head Office is shown in the asset section in the audited financial statements of the branch office for March/2023, what transactions have been made with TOA Corporation in this sector and how Tk 5,29,34,294 has been adjusted)
Explanation Regarding Inward Remittance of JPY 17,100,000 from Head Office (Japanese Yen 1,71,00,000 received from the head office of the branch office, which has been encashed as the local currency of the branch office on 12.03.2023 (Tk 1,31,67,000), explanation and documents as to where the said information has been reflected in the balance sheet and cash flow statement)
Explanation for Bank Statement (Account statements of the branch office for 06 (six) months.)