NAVANA REAL ESTATE LIMITED - Dhaka Stock Exchange

Issuer: Navana Real Estate LimitedIssue Manager: ICB Capital Management LimitedCompetitive conditions in the businessCompetitive ConditionThere are more than 1500 Companies in Real Estate sector in Bangladesh. Among them 898are the members of REHAB. The sector contributed 14% to the Gross Domestic Product(GDP) on the last fiscal year 09-10, & within a span of three decades, the turnover from thisindustry has reached to more than 28000 million taka. The Govt. revenue has stands onaverage 2000 million BD Taka per year from this sector. The market share of NREL isapproximately 10%. The followings are the major real estate companies in Bangladesh.1. Building Technology & Ideas Limited.2. Concord Real Estate & Development Ltd.3. Bay Developments Ltd.4. Asset Developments & Holdings Ltd.5. South Breeze Housing Ltd.6. Rangs Properties Ltd.7. Shanta Properties Ltd.8. Assurance Developments Ltd.9. Eastern Housing Ltd.10. Dom-Inno Builders ltd.11. Sheltac.12. Advanced Developments &Technologies Ltd.Description of the PropertyLocation of principal plants and other property of the company and their conditionThe head office the Company is located at Dhanmondi, Dhaka.Value of the PropertiesCompany owns the following operating assets and they are situated at different locations ofthe Head Office/projects of the Company. Following table represents the classifications ofoperating assets along with the written down value of the same as at 31 August 2010:-ParticularsCost Depreciation Carrying amountAs at Addition As at As at Charged As at As at01.09.09during theduring the31.08.10 01.09. 09yearyear31.08.10 31.08.2010Office space3,595,203 - 3,595,203 - - - 3,595,203Officeequipments 5,338,318 1,203,760 6,542,078 1,632,410 883,740 2,516,150 4,025,928Furniture &fixtures 3,093,275 6,885,132 9,978,407 1,307,454 867,095 2,174,549 7,803,858Airconditioningsystem12,732,694 - 12,732,694 1,903,022 1,082,967 2,985,989 9,746,705Powergenerator &electricalequipment13,268,397 897,000 14,165,397 2,522,718 2,095,682 4,618,400 9,546,997ConstructionequipmentsVehicles74,590,943 5,334,550 79,925,493 17,998,973 11,146,774 29,145,747 50,779,74670,924,062 37,990,000 108,914,062 33,496,918 13,575,086 47,072,004 61,842,058Total183,542,892 52,310,443 235,853,335 58,861,495 29,651,345 88,512,840 147,340,495Page- 13