ANNEXURE-“A”
APPLICATION FOR APPROVAL OF FOREIGN BORROWIN AGREEMENT
1.
a.
i)
Name, address and telephone number of the Industrial enterprise.
:
Bengal IRIS TAKUMI LTD.
Lot No. D1, Bangladesh Special Economic Zone, Sonpara, Panchrukhi Via Rupganj Araihazar, Narayanganj-1460 Bangladesh
No Telephone
ii)
Authorized Contact person information with mobile number of the application Industrial enterprise
:
Mr. Masataka Irie
+880 17 0899 6405
b.
i)
Registration Number
:
Reg. No. C-194385,
ii)
Registration Date
:
21st-MARCH-2024
iii)
Issuing authority (BIDA/DOT)
:
BEZA
c.
Type of Industries
Please Tick
i)
Export oriented and export linkage Industries
:
✔
ii)
Pioneering Industries
:
iii)
Industry based on new/high Technology
:
iv)
Industry that generates employment
:
✔
v)
Industry based on local natural resources and its diversified
:
vi)
Industry that involves high value added.
:
vii)
Increase industrial efficiency & productivity
:
✔
viii)
Employment opportunity
:
✔
2.
a.
Name & address of the foreign firm(s) from whom borrowing has been proposed.
:
IRIS Co., Ltd.
1933, Iizuka, Ota, Guma, Japan
b.
Principal amount of the Borrowing
:
USD 3,000,000
c.
Purpose of Borrowing
:
To build a factory and purchase machineries.
3.
Foreign Borrowing Proposal
a.
Copy Draft/Final Agreement should be attached
:
Under preparation.
b.
Effective rate of interest
:
3% simple
c.
Repayment period
:
10 years including a moratorium period.
d.
Effective date
:
1st January 2026
e.
Down payment, if any
:
None
4.
Type of Borrowing
Please Tick
a.
Loan
:
✔
b.
Supplier’s credit
:
c.
Pay-As-You-Earn Scheme
:
d.
Deferred payment
:
e.
Others (Please escribe)
:
5.
Commercial viability report of project along with the analyses and paper in regards of
:
a.
Name of the sector/sub-sector of the project with item of products
:
Garments accessories industry
b.
The commercial viability of the project
:
IRIS group has USD5M in sales towards the EU & USA market. Part of those sales will be made by Bengal IRIS Takumi.
c.
The capacity of the project to service the proposed debt with income flows from the project.
:
Production of 180M buttons/Y
Sales of USD 2.5M/Y.
Profit of USD 450K/Y.
d.
The cost competitiveness of the outputs from the project in the domestic and external markets
:
Japanese way of high quality of the products and excellent services with a customer-first approach.
e.
The existing production capacity of Bangladesh and demand of the products in local as well as export market abroad on the basic of market study
:
BGD衣料品市場を記載
推察されるボタン需要
High-quality buttons, offered at a competitive cost not found among domestic manufacturers, are in demand by international apparel brands seeking superior quality.
f.
Existing indebtedness structures of the sponsors of the project, duly certified by report of their bankers as to their credit worthiness
:
Prime bank will certify based on CIB reports.
6.
Please outline the reasons for entering into an agreement on foreign currency borrowing (Please attach separate sheet, if necessary).
:
With its consistently high potential, Bangladesh's ready-made garment (RMG) sector is poised to keep attracting substantial foreign investment. Therefore, the IRIS group is willing to make additional investment.
なぜ日本から外貨を借りるのか？
BGDでの借り入れ金利は高いので
7.
Schedule of Repayment in brief
:
Pls see the attached excel file.
8.
Name and address of the Industrial enterprise’s nominated Bank.
:
Prime Bank PLC.
Signature
:
Masataka Irie
Name and designation of applicant
(with seal)
:
Bengal IRIS TAKUMI LTD.
Lot No. D1, Bangladesh Special Economic Zone, Sonpara, Panchrukhi Via Rupganj Araihazar, Narayanganj-1460 Bangladesh
Date
:
7th August 2025
** Effective interest is the sum of the stated annual rate of interest and other annualized fees and expenses such as syndication fee, front-end fee, project appraisal fee, legal fee etc.