QUARTERLY CREDIT RATING REPORT
(Alpha Credit Rating Limited)
(First Quarter, 2019)
01 January 2019 to 31 March 2019
| SL. No. | Name of Company | Type of Company | Rating Date | Long Term Rating | Expiry Date | Short Term Rating |
|---|---|---|---|---|---|---|
| 1 | Dipon Gas Company Limited | Corp | 1-Jan-19 | AA | 31-Dec-19 | ST-1 |
| 2 | Shepherd Textile (BD) Textile | Corp | 3-Jan-19 | BBB | 2-Jan-20 | ST-3 |
| 3 | M/S Al-Safa Trading & Its Sister Concern | Corp | 7-Jan-19 | BBB | 6-Jan-20 | ST-3 |
| 4 | Babor Cold Storage (PVT) Limited | Corp | 8-Jan-19 | BBB+ | 7-Jan-20 | ST-3 |
| 5 | M/S Nabil Textile Mill Ltd. | Corp | 8-Jan-19 | BBB | 7-Jan-20 | ST-3 |
| 6 | Usha Jute Spinners Ltd. | Corp | 9-Jan-19 | BBB+ | 8-Jan-20 | ST-3 |
| 7 | IPE Technologies Ltd. | Corp | 9-Jan-19 | BBB | 8-Jan-20 | ST-3 |
| 8 | Fully Redeemable Non-Convertible Unsecured, Subordinate Bond-II | Bond | 13-Jan-19 | AA- | 12-Jan-20 | |
| 9 | M/S Al-Amin Garments Industries Limited | Corp | 13-Jan-19 | BBB | 12-Jan-20 | ST-3 |
| 10 | Social Development Association-Comilla (SDA- Comilla) | NGO | 13-Jan-19 | BBB+ | 12-Jan-20 | ST-3 |
| 11 | BDBL Securities Limited | Corp | 13-Jan-19 | A | 12-Jan-20 | ST-2 |
| 12 | Sharif Home Appliance Limited | Corp | 14-Jan-19 | A | 13-Jan-20 | ST-2 |
| 13 | PAGE Development Center | NGO | 14-Jan-19 | A | 13-Jan-20 | ST-2 |
| 14 | G.N Cotton Spinning Mills Ltd. | Corp | 15-Jan-19 | A- | 14-Jan-20 | ST-3 |
| 15 | The Cox Today Limited | Corp | 15-Jan-19 | A- | 14-Jan-20 | ST-3 |
| 16 | AG Agro Food Ltd. | Corp | 16-Jan-19 | BBB | 15-Jan-20 | ST-3 |
| 17 | Ridni Patato Seed Preservation LTd. | Corp | 17-Jan-19 | BBB+ | 16-Jan-20 | ST-3 |
| 18 | High Speed Ship building & Enginnering Co. Ltd. | Corp | 18-Jan-19 | A | 17-Jan-20 | ST-2 |
| 19 | The Global Packaging Industries Pvt. Ltd. | Corp | 20-Jan-19 | BBB+ | 19-Jan-20 | ST-3 |
| 20 | A.B Woven Bag Industries Limited | Corp | 20-Jan-19 | A- | 19-Jan-20 | ST-3 |
| 21 | MAH Spinning Mill Limited | Corp | 21-Jan-19 | BBB+ | 20-Jan-20 | ST-3 |
| 22 | Kingshuk Bahumukhi Samabay Samity Ltd. | NGO | 21-Jan-19 | A- | 20-Jan-20 | ST-2 |
| 23 | Continental Insurance Limited | Insurance | 22-Jan-19 | AA- | 21-Jan-20 | ST-2 |
| 24 | GBB Limited | Corp | 23-Jan-19 | BB | 22-Jan-20 | ST-4 |
| 25 | Petrolium Product Ltd | Corp | 23-Jan-19 | BBB | 22-Jan-20 | ST-3 |
| 26 | SB Cold Storage (PVT) Ltd. | Corp | 24-Jan-19 | BBB+ | 23-Jan-20 | ST-3 |
| 27 | Coast to Coast Pvt. Limited | Corp | 24-Jan-19 | BBB+ | 23-Jan-20 | ST-3 |
| 28 | Aeromate Services Ltd. | Corp | 24-Jan-19 | A- | 23-Jan-20 | ST-3 |
| 29 | M/S Gardenla | Corp | 27-Jan-19 | BBB+ | 26-Jan-20 | ST-3 |
| 30 | V-Texc Fashion PVT Ltd. | Corp | 27-Jan-19 | A- | 26-Jan-20 | ST-3 |
| 31 | JMI Hospital Requisite Manufacturing Limited | Corp | 28-Jan-19 | A+ | 27-Jan-20 | ST-2 |
| 32 | Shyampur Sugar Mills Limited | Corp | 28-Jan-19 | BB | 27-Jan-19 | ST-4 |
| 33 | IIDFC Capital Limited | Corp | 29-Jan-19 | A | 28-Jan-20 | ST-2 |
| 34 | Melon Tex Composite Limited | Corp | 29-Jan-19 | BBB- | 28-Jan-20 | ST-4 |
| 35 | Orion Knit Textiles Limited | Corp | 30-Jan-19 | BBB | 29-Jan-20 | ST-3 |
| 36 | KB Petrochemical Limited | Corp | 31-Jan-19 | BBB+ | 30-Jan-20 | ST-3 |
| 37 | State Bank Of India (BO) | Bank | 31-Jan-19 | AAA | 30-Jan-20 | ST-1 |
| 38 | Fecto Industries Ltd. | Corp | 31-Jan-19 | BBB+ | 30-Jan-20 | ST-3 |
| 39 | Tecnotrade International Ltd. | Corp | 31-Jan-19 | BBB+ | 30-Jan-20 | ST-3 |
| 40 | M/S Bishal Knit Waer Limited | Corp | 3-Feb-19 | BBB | 2-Feb-20 | ST-3 |
| 41 | Mirsarai Poultry Farms Limited | Corp | 3-Feb-19 | A- | 2-Feb-20 | ST-2 |
| 42 | Bengal Shipyard Ltd. | Corp | 4-Feb-19 | BBB- | 3-Feb-20 | ST-3 |
| 43 | Olila Glass Industries Ltd. | Corp | 4-Feb-19 | A- | 3-Feb-20 | ST-3 |
| 44 | Olila OpalWare Industries Limited | Corp | 4-Feb-19 | A | 3-Feb-20 | ST-3 |
| 45 | Nahar Agro Complex Limited | Corp | 4-Feb-19 | A | 3-Feb-20 | ST-3 |
| 46 | Systems & Services Ltd. | Corp | 5-Feb-19 | BBB+ | 4-Feb-20 | ST-3 |
| 47 | Mirsarai Poultry Layer Limited | Corp | 5-Feb-19 | A | 4-Feb-20 | ST-2 |
| 48 | M/S Bhuiyan & Son | Corp | 6-Feb-19 | BBB- | 5-Feb-20 | ST-4 |
| 49 | Noakhali Rural Development Society (NRDS) | NGO | 6-Feb-19 | BBB+ | 5-Feb-20 | ST-3 |
| 50 | Sky Aviation Services Ltd. | Corp | 6-Feb-19 | BBB | 5-Feb-20 | ST-3 |
| 51 | Caesar Apparels Ltd. | Corp | 7-Feb-19 | A | 6-Feb-20 | ST-3 |
| 52 | Aerouing Aviation Limited | Corp | 7-Feb-19 | A | 6-Feb-20 | ST-3 |
| 53 | Tista Salt Industries Ltd. | Corp | 7-Feb-19 | A- | 6-Feb-20 | ST-3 |
| 54 | Titas Food Products Limited | Corp | 7-Feb-19 | BBB+ | 6-Feb-20 | ST-3 |
| 55 | JMI Syrings & Medical Devices Ltd. | Corp | 10-Feb-19 | A+ | 9-Feb-20 | ST-2 |
| 56 | Zeal-Bangla Sugar Mills Limited | Corp | 10-Feb-19 | BB | 9-Feb-20 | ST-4 |
| 57 | Bio Pharma Limited | Corp | 10-Feb-19 | A | 9-Feb-20 | ST-2 |
| 58 | IRIS Agro & Food Limited | Corp | 11-Feb-19 | BBB | 10-Feb-20 | ST-3 |
| 59 | Nahar Poultry Ltd. | Corp | 11-Feb-19 | A | 10-Feb-20 | ST-3 |
| 60 | Priti Cold Storage Ltd. | Corp | 13-Feb-19 | BBB | 12-Feb-20 | ST-3 |
| 61 | One Composite Mills Limited | Corp | 14-Feb-19 | A- | 13-Feb-20 | ST-3 |
| 62 | Bangladesh Development Society | NGO | 14-Feb-19 | A | 13-Feb-20 | ST-2 |
| 63 | Blue Planet Knitwear Ltd. | Corp | 14-Feb-19 | A | 13-Feb-20 | ST-2 |
| 64 | M/S M.K Corporation | Corp | 17-Feb-19 | BBB+ | 16-Feb-20 | ST-3 |
| 65 | Mahmuda Hai Chemi Ltd | Corp | 17-Feb-19 | BB | 16-Feb-20 | ST-5 |
| 66 | Pusti Vegetable Ghee Limited | Corp | 18-Feb-19 | BBB | 17-Feb-20 | ST-3 |
| 67 | Urmee Knitwear Limited | Corp | 18-Feb-19 | BBB- | 17-Feb-20 | ST-3 |
| 68 | GoldStar Shipping Line Limited | Corp | 18-Feb-19 | BBB | 17-Feb-20 | ST-3 |
| 69 | Nahian Enterprise Limited | Corp | 19-Feb-19 | BBB | 18-Feb-20 | ST-3 |
| 70 | M/S Sahra Enterprise & Its Sister Concern | Corp | 19-Feb-19 | BBB | 18-Feb-20 | ST-3 |
| 71 | Ahsan Composite Limited | Corp | 19-Feb-19 | BBB+ | 18-Feb-20 | ST-3 |
| 72 | A.K Oxygen Ltd. | Corp | 19-Feb-19 | A | 18-Feb-20 | ST-3 |
| 73 | M/S Natore Auto Rice Mill | Corp | 19-Feb-19 | BBB | 18-Feb-20 | ST-3 |
| 74 | CVC Finance Limited | NBFI | 20-Feb-19 | A+ | 19-Feb-20 | ST-2 |
| 75 | BDT 300 million Non Convertible Zero Coupon Bond by Delta BRAC Housing Finance Corporation Limited | BOND | 24-Feb-19 | AA+ | 23-Feb-20 | |
| 76 | The Rose Garments Designer Ltd. | Corp | 24-Feb-19 | BBB+ | 23-Feb-20 | ST-3 |
| 77 | M/S Mozammel Enterprise | Corp | 24-Feb-19 | BB+ | 23-Feb-20 | ST-3 |
| 78 | AG Property Development Limited | Corp | 25-Feb-19 | BBB | 24-Feb-20 | ST-3 |
| 79 | Pragati Steels | Corp | 25-Feb-19 | A- | 24-Feb-20 | ST-2 |
| 80 | The Rose Garments Designer Unit-2 Ltd. | Corp | 26-Feb-19 | BBB+ | 25-Feb-20 | ST-3 |
| 81 | Dak Diye Jai | NGO | 26-Feb-19 | A- | 25-Feb-20 | ST-2 |
| 82 | Bellisima Apperals Ltd. | Corp | 26-Feb-19 | BBB | 25-Feb-20 | ST-3 |
| 83 | Blue Planet Knit Composite Limited | Corp | 27-Feb-19 | A | 26-Feb-20 | ST-2 |
| 84 | Heathcare Diagonostic Solutions Limited | Corp | 27-Feb-19 | BBB+ | 26-Feb-20 | ST-3 |
| 85 | Quality Fashion Wear Ltd. | Corp | 27-Feb-19 | BBB+ | 26-Feb-20 | ST-3 |
| 86 | Mars Textile Limited | Corp | 1-Mar-19 | A | 28-Feb-20 | ST-2 |
| 87 | Kalpataru Holiday Inn Limited | Corp | 3-Mar-19 | BBB | 2-Mar-20 | ST-3 |
| 88 | ABR Spinning Mills Ltd. | Corp | 3-Mar-19 | A | 2-Mar-20 | ST-2 |
| 89 | Nur-Jamal Jute Mills Ltd. | Corp | 4-Mar-19 | BBB | 3-Mar-20 | ST-3 |
| 90 | EBL Securities Limited | Securities | 5-Mar-19 | A+ | 4-Mar-20 | ST-2 |
| 91 | Alpha Dresswear Ltd. | Corp | 6/Mar/19 | BBB+ | 5/Mar/20 | ST-3 |
| 92 | Spectrum Engineering Consortium Pvt. Limited | Corp | 7-Mar-19 | A | 6-Mar-20 | ST-2 |
| 93 | M/S Islam Enterprise | Corp | 7-Mar-19 | BBB | 6-Mar-20 | ST-3 |
| 94 | BC Fresh Ltd. | Corp | 7-Mar-19 | A- | 6-Mar-20 | ST-3 |
| 95 | Gram Bikash Kendra (GBK) | NGO | 10-Mar-19 | A- | 9-Mar-20 | ST-3 |
| 96 | Global Agrovet Ltd | Corp | 10-Mar-19 | BB | 9-Mar-20 | ST-4 |
| 97 | Social Economic Banking Association (SEBA) | NGO | 10-Mar-19 | BBB+ | 9-Mar-20 | ST-3 |
| 98 | Begumgonj Feed Mill Ltd. | Corp | 12-Mar-19 | BBB | 11-Mar-20 | ST-3 |
| 99 | M/S Excellence Trading | Corp | 13-Mar-19 | BBB+ | 12-Mar-20 | ST-3 |
| 100 | Silver Food Industries Limited | Corp | 13-Mar-19 | BBB | 12-Mar-20 | ST-3 |
| 101 | BDT 6.00 million Floatingnate Non-Convertible Subordinate Bond Of Rupali Bank Limited | Bond | 14-Mar-19 | BBB+ | 13-Mar-20 | |
| 102 | Shepherd Industries Limited | Corp | 14-Mar-19 | BBB | 13-Mar-20 | ST-3 |
| 103 | Mak Hatchery Limited | Corp | 14-Mar-19 | BBB+ | 13-Mar-20 | ST-3 |
| 104 | Eminance Chemical Industries Ltd | Corp | 14-Mar-19 | A- | 13-Mar-20 | ST-2 |
| 105 | Sinha Knit & Denims Limited | Corp | 14-Mar-19 | BBB+ | 13-Mar-20 | ST-3 |
| 106 | M/S Zam Zam Sweets and Baker | Corp | 14-Mar-19 | BBB | 13-Mar-20 | ST-3 |
| 107 | Alliance Holdings Ltd. | Corp | 14-Mar-19 | A | 13-Mar-20 | ST-2 |
| 108 | Criterion Developers Limited | Corp | 16-Mar-19 | AA | 15-Mar-20 | ST-2 |
| 109 | M/S Senu Miah Textile | Corp | 20-Mar-19 | BBB+ | 19-Mar-20 | ST-3 |
| 110 | Multiplan Limited | Corp | 20-Mar-19 | BBB- | 19-Mar-20 | ST-4 |
| 111 | Equity Property Management (PVT) Ltd. | Corp | 20-Mar-19 | BBB | 19-Mar-20 | ST-3 |
| 112 | Bridex Infrastructure Ltd. | Corp | 21-Mar-19 | BBB+ | 20-Mar-20 | ST-3 |
| 113 | M/S Oil Traders & Its Sister Concern | Corp | 21-Mar-19 | BBB- | 20-Mar-20 | ST-3 |
| 114 | M/S Rupali Traders Agency & M/S Noor-e- Madina Overseas | Corp | 21-Mar-19 | BBB+ | 20-Mar-20 | ST-3 |
| 115 | S. Alam Trading Company ( PVT) Ltd. | Corp | 23-Mar-19 | A | 22-Mar-20 | ST-2 |
| 116 | M/S Posh Footwears & Craft Ltd. | Corp | 24-Mar-19 | BBB | 23-Mar-20 | ST-3 |
| 117 | M/S Mahmud Enterprise | Corp | 24-Mar-19 | BBB+ | 23-Mar-20 | ST-3 |
| 118 | Mercantile Insurance Co Limited | Insurance | 25-Mar-19 | AA- | 24-Mar-20 | ST-2 |
| 119 | M/S Mannan Traders | Corp | 25-Mar-19 | BBB | 24-Mar-20 | ST-3 |
| 120 | DAK Textile Ltd. | Corp | 25-Mar-19 | BBB+ | 24-Mar-20 | ST-3 |
| 121 | Green Dot Ltd. | Corp | 25-Mar-19 | A- | 24-Mar-20 | ST-3 |
| 122 | Kanika Commercial Ltd. | Corp | 27-Mar-19 | BBB | 26-Mar-20 | ST-3 |
| 123 | Bashundhara Import Export Ltd. | Corp | 27-Mar-19 | A- | 26-Mar-20 | ST-3 |
| 124 | M/S J.A.N Associates | Corp | 28-Mar-19 | BBB | 27-Mar-20 | ST-3 |
| 125 | M/S Orient Computers | Corp | 30-Mar-19 | A | 29-Mar-20 | ST-2 |
| 126 | Pabna Satil Arab Fashion ltd. | Corp | 30-Mar-19 | BBB | 29-Mar-20 | ST-3 |
| 127 | Policon Limited | Corp | 31-Mar-19 | BBB+ | 30-Mar-20 | ST-3 |
| 128 | Jabe Apparels Limited | Corp | 31-Mar-19 | BBB | 30-Mar-20 | ST-3 |
| 129 | Mamico Tech Limited | Corp | 31-Mar-19 | BBB+ | 30-Mar-20 | ST-3 |
| 130 | Union Label & Accessories Ltd. | Corp | 31/Mar/19 | A- | 30/Mar/20 | ST-3 |