An Appraisal of Uttara Finance and Investment Ltd.

Abstract

"Utfara Finance And Investment Ltd." Company is a non-banking financial institution. It is a joint venture leasing and financing company. In UFIL commitment to quality has been the first priority. Its major concern is to support the different sectors of business in Bangladesh for boosting up the economy. UFIL believes that the hopeful economic of Bangladesh can only be possible through the increasing of different types of business in different sectors. Therefore, UFIL extends lease finance for all types of machinery, equipment and households including vehicles for the purpose of industrial, commercial and personal use in Bangladesh and also allows temporary finance to its clients within the practice of the law. Apart from lease financing, UFIL also provides other different types of, but important, services and these are: term financing, documentary credit, and merchant banking. Through these services UFIL endow with some cooperative and confident developing services to its customer. UFIL has also some other supportive activities. For instance, UFIL provides finance in agriculture sectors for shore up the economy of Bangladesh. It also financing in hospital sectors for improving the health sectors of the country. Spaced out from that UFIL, in addition, try to up beat the living standards of the people. Thus it offers easy and supportive personalize leasing and financing services to the people. That is why; it gives lease for household products. UFIL has some internal problems. It has some environmental problems, technological problems, human resource problems and so on. Besides the most important problem is its customer that is external problem, which is really very difficult to control. It always needs to monitor. But the monitoring system of UFIL is not so effective and efficient. Though it has some organizational problems, the future progress of the company is very much noticeable.