QUARTERLY CREDIT RATING REPORT
(Alpha Credit Rating Limited)
(Second Quarter, 2017)
01 April 2017 to 30 June 2017
| SL. No. | Name of Company | Type of Company | Rating Date | Long Term Rating | Expiry Date | Short Term Rating |
|---|---|---|---|---|---|---|
| 1 | Radiant Pharmaceuticals Limited | Corporate | 2-Apr-17 | AA | 1-Apr-18 | ST-1 |
| 2 | M/S Sonali Traders | Corporate | 2-Apr-17 | A- | 1-Apr-18 | ST-3 |
| 3 | M/S Hera Furnishers | Corporate | 2-Apr-17 | BBB- | 1-Apr-18 | ST-3 |
| 4 | Sea Pearl Beach Resort & SPA Ltd. | Corporate | 3-Apr-17 | A+ | 2-Apr-18 | ST-2 |
| 5 | Sea Pearl Beach Resort & SPA Ltd. 20% Convertible Secured Bond | Bond | 3-Apr-17 | A | 2-Apr-18 | N/A |
| 6 | Zaman Jute Diversified Mill Ltd. | Corporate | 3-Apr-17 | BBB+ | 2-Apr-18 | ST-3 |
| 7 | Mount Adora Hospital & Research Institute of Surma Medical Services Limited | Corporate | 3-Apr-17 | BBB | 2-Apr-18 | ST-3 |
| 8 | Rupayan Housing Estate Limited | Corporate | 4-Apr-17 | BBB | 3-Apr-18 | ST-3 |
| 9 | M/S Ananda Lal Samaddar | Corporate | 4-Apr-17 | BBB+ | 3-Apr-18 | ST-3 |
| 10 | Wintex Garments Limited | Corporate | 4-Apr-17 | BBB+ | 3-Apr-18 | ST-3 |
| 11 | M/S Maa Banijja Bhander | Corporate | 4-Apr-17 | BBB | 3-Apr-18 | ST-3 |
| 12 | Nawab Auto Rice & Food Mill (Pvt.) Ltd. | Corporate | 4-Apr-17 | A- | 3-Apr-18 | ST-3 |
| 13 | S.M. Style Ltd. | Corporate | 4-Apr-17 | A- | 3-Apr-18 | ST-3 |
| 14 | Roar Fashion Limited | Corporate | 5-Apr-17 | BBB | 4-Apr-18 | ST-3 |
| 15 | M/S Khaleque Electric & Electronics & M/S Khaleque Crockeries | Corporate | 6-Apr-17 | BBB+ | 5-Apr-18 | ST-3 |
| 16 | M/S Nawab Food Products | Corporate | 7-Apr-17 | A- | 6-Apr-18 | ST-3 |
| 17 | M/S Prio Trading Corporation | Corporate | 10-Apr-17 | BBB | 9-Apr-18 | ST-3 |
| 18 | Royal Homes Limited | Corporate | 11-Apr-17 | BBB | 10-Apr-18 | ST-3 |
| 19 | Floret (Pvt.) Ltd | Corporate | 12-Apr-17 | BBB | 11-Apr-18 | ST-3 |
| 20 | CAPM Venture Capital & Finance Limited | NBFI | 12-Apr-17 | A- | 11-Apr-18 | ST-2 |
| 21 | Design Express Limited | Corporate | 16-Apr-17 | BBB+ | 15-Apr-18 | ST-4 |
| 22 | Hira Industries Limited | Corporate | 17-Apr-17 | A- | 16-Apr-18 | ST-3 |
| 23 | Paromount Textile Secured Zero Coupon Bond | Bond | 18-Apr-17 | A | 17-Apr-18 | |
| 24 | M/S Rawshan Rice Mill | Corporate | 18-Apr-17 | BBB+ | 17-Apr-18 | ST-3 |
| 25 | Bochagonj birol Co. Ltd. | NGO | 18-Apr-17 | BBB | 17-Apr-18 | ST-3 |
| 26 | Gulshan Spinning Mill Limited | Corporate | 19-Apr-17 | BBB | 18-Apr-18 | ST-3 |
| 27 | Siaam Shikkha Shastho Unnoyon Foundation | Corporate | 19-Apr-17 | BBB | 18-Apr-18 | ST-3 |
| 28 | M/S Sahara Enterprise & its sister concern | Corporate | 19-Apr-17 | BBB- | 18-Apr-18 | ST-4 |
| 29 | M/S Orchid International | Corporate | 20-Apr-17 | A- | 19-Apr-18 | ST-3 |
| 30 | M/S Chowdhury Business House | Corporate | 20-Apr-17 | BBB | 19-Apr-18 | ST-3 |
| 31 | M/S G.M. Enterprise | Corporate | 20-Apr-17 | BBB | 19-Apr-18 | ST-3 |
| 32 | Delegate Trade International | Corporate | 20-Apr-17 | BBB | 19-Apr-18 | ST-3 |
| 33 | M/S Unique Trade & Business House | Corporate | 20-Apr-17 | BBB+ | 19-Apr-18 | ST-3 |
| 34 | Chowdhury & Hossain Trade Link | Corporate | 20-Apr-17 | A- | 19-Apr-18 | ST-3 |
| 35 | M/S Nabir Trading Corporation | Corporate | 20-Apr-17 | BBB+ | 19-Apr-18 | ST-3 |
| 36 | M/S Banijja Bitan Corporation | Corporate | 20-Apr-17 | BBB | 19-Apr-18 | ST-3 |
| 37 | M/S Hossain Trading Corporation | Corporate | 20-Apr-17 | BBB+ | 19-Apr-18 | ST-3 |
| 38 | BHT Industries Ltd. | Corporate | 23-Apr-17 | A- | 22-Apr-18 | ST-3 |
| 39 | NCC Bank Nonconvertible Subordinated Bond | Bond | 23-Apr-17 | AA- | 22-Apr-18 | N/A |
| 40 | Altaf Auto Flour Mill | Corporate | 23-Apr-17 | BBB | 22-Apr-18 | ST-3 |
| 41 | Base Textile Limited | Corporate | 23-Apr-17 | A | 22-Apr-18 | ST-2 |
| 42 | BD Lines Limited | Corporate | 23-Apr-17 | BBB+ | 22-Apr-18 | ST-3 |
| 43 | Warmex Industries Limited | Corporate | 23-Apr-17 | BBB | 22-Apr-18 | ST-3 |
| 44 | M/S Belal & Brothers | Corporate | 23-Apr-17 | BBB | 22-Apr-18 | ST-3 |
| 45 | Bangladesh Army University of Engineering & Technology | University | 24-Apr-17 | BBB | 23-Apr-18 | ST-3 |
| 46 | M/S Niaz Traders | Corporate | 24-Apr-17 | BBB | 23-Apr-18 | ST-3 |
| 47 | M/S Bismillah Auto Rice Mill | Corporate | 24-Apr-17 | BB- | 23-Apr-18 | ST-4 |
| 48 | Phoenix Finance Nonvertible Reedemable Floating Rate Coupon bearing subordinated Bond | Bond | 25-Apr-17 | A | 24-Apr-18 | N/A |
| 49 | M/S Safran Trade International | Corporate | 25-Apr-17 | A- | 24-Apr-18 | ST-3 |
| 50 | EPIC Able Traders | Corporate | 25-Apr-17 | A- | 24-Apr-18 | ST-3 |
| 51 | Bina Art Press & Color Limited | Corporate | 25-Apr-17 | BBB | 24-Apr-18 | ST-3 |
| 52 | M/S United Super traders | Corporate | 26-Apr-17 | A- | 25-Apr-18 | ST-3 |
| 53 | Habigonj Unnayan Sangstha | NGO | 26-Apr-17 | BBB+ | 25-Apr-18 | ST-3 |
| 54 | M/S Boishakhi Auto Rice Mill | Corporate | 26-Apr-17 | BB | 25-Apr-18 | ST-4 |
| 55 | M/S Royel Shoes | Corporate | 26-Apr-17 | BBB+ | 25-Apr-18 | ST-3 |
| 56 | Rishal Garments Limited | Corporate | 27-Apr-17 | BBB | 26-Apr-18 | ST-3 |
| 57 | Pride Jute Mills Limited | Corporate | 27-Apr-17 | BBB | 26-Apr-18 | ST-3 |
| 58 | M/S Mohubar Rahman Cold Storage | Corporate | 27-Apr-17 | BBB+ | 26-Apr-18 | ST-3 |
| 59 | Al Amin Garments Industries Limited | Corporate | 27-Apr-17 | BBB- | 26-Apr-18 | ST-4 |
| 60 | AG Agro Industries Limited | Corporate | 30-Apr-17 | A | 29-Apr-18 | ST-3 |
| 61 | Islamic Finance & Investment Limited | Corporate | 30-Apr-17 | A | 29-Apr-18 | ST-3 |
| 62 | SKA Trading Limited | Project Finance | 30-Apr-17 | BBB | 29-Apr-18 | ST-3 |
| 63 | Capri Garments Limited | Corporate | 30-Apr-17 | BBB | 29-Apr-18 | ST-3 |
| 64 | Sparkle knit Composite Ltd. | Corporate | 30-Apr-17 | BBB | 29-Apr-18 | ST-3 |
| 65 | Zelema Rahman Cold Storage | Corporate | 30-Apr-17 | BBB+ | 29-Apr-18 | ST-3 |
| 66 | Shah Amanat CNG Limited | Corporate | 30-Apr-17 | BBB+ | 29-Apr-18 | ST-3 |
| 67 | Gazi Cement mills Ltd. | Corporate | 30-Apr-17 | BBB | 29-Apr-18 | ST-3 |
| 68 | Mohubor Rahman Particle Mills (Pvt) Ltd. | Corporate | 2-May-17 | BBB | 1-May-18 | ST-3 |
| 69 | Energypac Fashion Limited | Corporate | 3-May-17 | A- | 2-May-18 | ST-3 |
| 70 | Nemsan Container Limited | Corporate | 4-May-17 | BBB | 3-May-18 | ST-3 |
| 71 | Sunbeams School Limited | Corporate | 4-May-17 | BBB- | 3-May-18 | ST-4 |
| 72 | Tex Harbour Limited | Corporate | 7-May-17 | A- | 6-May-18 | ST-3 |
| 73 | Zain Apparels Ltd. | Corporate | 7-May-17 | BBB+ | 6-May-18 | ST-3 |
| 74 | Aamra Networks Limited | Corporate | 7-May-17 | A+ | 6-May-18 | ST-2 |
| 75 | Gazi Auto Rice Mills | Corporate | 8-May-17 | A+ | 7-May-18 | ST-2 |
| 76 | Haque & Sons Ltd. | Corporate | 8-May-17 | A | 7-May-18 | ST-3 |
| 77 | Royal Footwear Limited | Corporate | 8-May-17 | BBB | 7-May-18 | ST-3 |
| 78 | M/S Allar Daan Aluminium Factory | Corporate | 9-May-17 | BBB+ | 8-May-18 | ST-3 |
| 79 | Priti Cold Storage Ltd. | Corporate | 9-May-17 | BBB | 8-May-18 | ST-3 |
| 80 | M/S Alif Enterprise | Corporate | 9-May-17 | BBB | 8-May-18 | ST-3 |
| 81 | Zeysha Knitex Limited | Corporate | 11-May-17 | BBB | 10-May-18 | ST-3 |
| 82 | Sam Spinning Limited | Corporate | 11-May-17 | BBB | 10-May-18 | ST-3 |
| 83 | Orient Button Ltd. | Corporate | 13-May-17 | BBB | 12-May-18 | ST-3 |
| 84 | Express Insurance Limited | Non-Life | 14-May-17 | A | 13-May-18 | ST-2 |
| 85 | Nahar Cold Storage | Corporate | 14-May-17 | A- | 13-May-18 | ST-3 |
| 86 | Air Touch Complex Limited | Corporate | 14-May-17 | A- | 13-May-18 | ST-3 |
| 87 | Shah Makhdum Garments Ltd. | Corporate | 14-May-17 | BBB | 13-May-18 | ST-3 |
| 88 | Rakeen 25% Convertible & Balance Redeemable Bond | Bond | 14-May-17 | A- | 13-May-18 | N/A |
| 89 | M/S Markas Trading | Corporate | 15-May-17 | BBB+ | 14-May-18 | ST-3 |
| 90 | Gentle Park | Corporate | 15-May-17 | A | 14-May-18 | ST-3 |
| 91 | Ananda Industries Limited | Corporate | 15-May-17 | BBB+ | 14-May-18 | ST-3 |
| 92 | M/S J.A.N Associates | Corporate | 15-May-17 | BBB | 14-May-18 | ST-3 |
| 93 | Nawab Abdul Malek Jute Mills (Bangladesh) Limited | Corporate | 15-May-17 | BBB+ | 14-May-18 | ST-3 |
| 94 | Roknoor Marine Service Ltd. | Corporate | 16-May-17 | A- | 15-May-18 | ST-3 |
| 95 | M/S Nob Trade International | Corporate | 16-May-17 | BBB | 15-May-18 | ST-3 |
| 96 | M/S Agro Farm Corporation | Corporate | 16-May-17 | A- | 15-May-18 | ST-3 |
| 97 | Famous Plus Industries Inc Ltd. | Corporate | 16-May-17 | BBB- | 15-May-18 | ST-4 |
| 98 | Comilla Online Limited | Corporate | 17-May-17 | BBB | 16-May-18 | ST-3 |
| 99 | M/S E.M. Corporation | Corporate | 17-May-17 | BBB | 16-May-18 | ST-3 |
| 100 | Imperial Corporation | Corporate | 18-May-17 | A- | 17-May-18 | ST-3 |
| 101 | Islam Re Rolling Mills (Pvt) Limited | Corporate | 20-May-17 | BBB+ | 19-May-18 | ST-3 |
| 102 | AL- Madina Pharmaceuticals Limited | Corporate | 21-May-17 | BBB+ | 20-May-18 | ST-3 |
| 103 | S.Alam Vegetable Oil | Corporate | 21-May-17 | A | 20-May-18 | ST-2 |
| 104 | Fashion Point Limited | Corporate | 21-May-17 | BBB+ | 20-May-18 | ST-3 |
| 105 | Asia Pacific General Insurance Company Limited | Non-Life | 22-May-17 | AA- | 21-May-18 | ST-1 |
| 106 | Leads Corporation Ltd. | Corporate | 22-May-17 | A | 21-May-18 | ST-2 |
| 107 | Diamond Sweater Industries Limited | Corporate | 23-May-17 | BBB | 22-May-18 | ST-3 |
| 108 | M/S Priti Enterprisre | Corporate | 23-May-17 | BBB+ | 22-May-18 | ST-3 |
| 109 | Nowapara Jute Mills Limited | Corporate | 23-May-17 | BBB- | 22-May-18 | ST-3 |
| 110 | Grihayan Limited | Corporate | 24-May-17 | BBB | 23-May-18 | ST-3 |
| 111 | Bengal Flexipak Limited | Corporate | 24-May-17 | BBB+ | 23-May-18 | ST-3 |
| 112 | Chemon Ispat Limited | Corporate | 25-May-17 | A- | 24-May-18 | ST-2 |
| 113 | Bhawal Poultry & Fish Feed Ltd | Corporate | 28-May-17 | BBB | 27-May-18 | ST-3 |
| 114 | Water Ride Limited | Corporate | 29-May-17 | BBB+ | 28-May-18 | ST-3 |
| 115 | IBCS Primex Software (Bangladesh) Limited | Corporate | 30-May-17 | BBB+ | 29-May-18 | ST-3 |
| 116 | M/S Shihabuddin | Corporate | 30-May-17 | BBB | 29-May-18 | ST-3 |
| 117 | Intermark Enterprise | Corporate | 30-May-17 | BBB | 29-May-18 | ST-3 |
| 118 | Mask Associates (Pvt.) Ltd | Corporate | 31-May-17 | A | 30-May-18 | ST-2 |
| 119 | Smart Composite Pvt. Ltd. | Corporate | 31-May-17 | BB | 30-May-18 | ST-3 |
| 120 | M/S Biswanath Saha | Corporate | 31-May-17 | BBB | 30-May-18 | ST-3 |
| 121 | Vegan Agro Limited | Corporate | 31-May-17 | BBB | 30-May-18 | ST-3 |
| 122 | Islam Oxygen Pvt. Ltd. | Corporate | 31-May-17 | A- | 30-May-18 | ST-3 |
| 123 | Eyar Ali Re- Rolling & Steel Mills (Pvt) Limited | Corporate | 31-May-17 | BBB+ | 30-May-18 | ST-3 |
| 124 | M/S Mollah Auto Bricks | Project Finance | 4-Jun-17 | BBB | 3-Jun-18 | ST-3 |
| 125 | Sinha Knit Industries Limited | Corporate | 4-Jun-17 | BBB- | 3-Jun-18 | ST-3 |
| 126 | Bangladesh Commerce Bank Limited | Bank | 5-Jun-17 | BB | 4-Jun-18 | ST-4 |
| 127 | Unison Knit Composite Ltd. | Corporate | 5-Jun-17 | BBB | 4-Jun-18 | ST-3 |
| 128 | Base Paper Limited | Corporate | 5-Jun-17 | BBB | 4-Jun-18 | ST-3 |
| 129 | M/S Mahmud Enterprise | Corporate | 6-Jun-17 | BBB+ | 5-Jun-18 | ST-3 |
| 130 | Mars Apparels Ltd | Corporate | 7-Jun-17 | BBB | 6-Jun-18 | ST-3 |
| 131 | Begumgonj Feed Mill Ltd | Corporate | 8-Jun-17 | BBB | 7-Jun-18 | ST-3 |
| 132 | Allwells Marketing Ltd. | Corporate | 8-Jun-17 | BBB | 7-Jun-18 | ST-3 |
| 133 | Skytex Kintwears Ltd. | Corporate | 8-Jun-17 | BBB | 7-Jun-18 | ST-3 |
| 134 | The Orbital (Bangladesh) Limited | Corporate | 11-Jun-17 | A | 10-Jun-18 | ST-3 |
| 135 | Yara Knitwear Ltd | Corporate | 11-Jun-17 | BBB | 10-Jun-18 | ST-3 |
| 136 | Mahmud Jeans Limited | Corporate | 11-Jun-17 | A | 10-Jun-18 | ST-2 |
| 137 | Mahmud Denims Limited | Corporate | 11-Jun-17 | AA | 10-Jun-18 | ST-1 |
| 138 | Mahmud Washing Plant Limited | Corporate | 11-Jun-17 | BBB+ | 10-Jun-18 | ST-3 |
| 139 | Sonar Bangla Insurance Limited | Non-Life | 12-Jun-17 | AA- | 11-Jun-18 | ST-2 |
| 140 | Rhythm Fashions Ltd | Corporate | 12-Jun-17 | BBB | 11-Jun-18 | ST-3 |
| 141 | Mahashakti Trade International Pvt. Ltd. | Corporate | 12-Jun-17 | BBB- | 11-Jun-18 | ST-3 |
| 142 | M.H. Consumer Products Ltd | Corporate | 12-Jun-17 | A- | 11-Jun-18 | ST-3 |
| 143 | Bengal Renewable Energy Ltd. | Corporate | 13-Jun-17 | BBB+ | 12-Jun-18 | ST-3 |
| 144 | M.LThread & Accessoriess | Corporate | 13-Jun-17 | BBB | 12-Jun-18 | ST-3 |
| 145 | Earl Fashion Limited | Corporate | 13-Jun-17 | BBB+ | 12-Jun-18 | ST-3 |
| 146 | Ultra United Metal Industry Ltd. | Corporate | 14-Jun-17 | BBB+ | 13-Jun-18 | ST-3 |
| 147 | Seacotex Dyeing & Printing Limited | Corporate | 14-Jun-17 | BBB | 13-Jun-18 | ST-3 |
| 148 | Meridian Finance & Investment Limited | Corporate | 15-Jun-17 | A | 14-Jun-18 | ST-2 |
| 149 | Alauddin Textile Mills (ATM) | Corporate | 15-Jun-17 | BB+ | 14-Jun-18 | ST-5 |
| 150 | Prottoy Unnayon Sangstha | Corporate | 15-Jun-17 | BBB | 14-Jun-18 | ST-3 |
| 151 | Palli Unnayon Parishod | Corporate | 15-Jun-17 | BBB | 14-Jun-18 | ST-3 |
| 152 | M/S Nandan Apparals | Corporate | 15-Jun-17 | BB | 14-Jun-18 | ST-4 |
| 153 | The Purba Limited | Corporate | 15-Jun-17 | BBB | 14-Jun-18 | ST-3 |
| 154 | H.N Cotton Products Industries | Corporate | 18-Jun-17 | BBB+ | 17-Jun-18 | ST-3 |
| 155 | Seacotex Fabrics Limited | Corporate | 18-Jun-17 | BBB | 17-Jun-18 | ST-3 |
| 156 | Morium Spinning Mills Ltd. | Corporate | 18-Jun-17 | BB+ | 17-Jun-18 | ST-5 |
| 157 | Dong Bang Textiles Limited | Corporate | 18-Jun-17 | A | 17-Jun-18 | ST-2 |
| 158 | Mahmud Fabrics & Finishing Limited | Project Finance | 18-Jun-17 | A | 17-Jun-18 | ST-3 |
| 159 | Dong Bang Dyeing Limited | Corporate | 18-Jun-17 | A | 17-Jun-18 | ST-3 |
| 160 | Netrokona Accessories Limited | Corporate | 19-Jun-17 | BB | 18-Jun-18 | ST-5 |
| 161 | CSD Bangladesh | Corporate | 19-Jun-17 | AA | 18-Jun-18 | ST-1 |
| 162 | Bank Alfalah Limited | Bank | 20-Jun-17 | AA- | 19-Jun-18 | ST-2 |
| 163 | D.N Textile Mills Limited | Corporate | 20-Jun-17 | BBB | 19-Jun-18 | ST-3 |
| 164 | Mahmud Indigo Limited | Corporate | 20-Jun-17 | A+ | 19-Jun-18 | ST-2 |
| 165 | JNJ Sofia Textile ltd. | Corporate | 21-Jun-17 | BBB | 20-Jun-18 | ST-3 |
| 166 | Mahmud Sajid Cotton Mills Limited | Corporate | 21-Jun-17 | A | 20-Jun-18 | ST-3 |
| 167 | Mahmud Trading Corporation | Corporate | 21-Jun-17 | BBB+ | 20-Jun-18 | ST-3 |
| 168 | M/S Raihan Textile Mills | Corporate | 21-Jun-17 | A- | 20-Jun-18 | ST-3 |
| 169 | Bangladesh Machine Tools Factory Limited | Corporate | 21-Jun-17 | AA | 20-Jun-18 | ST-2 |
| 170 | Trust Transport Services | Corporate | 29-Jun-17 | A- | 28-Jun-18 | ST-3 |
| 171 | Sena Paribar Kalyan Samity Project Sadhinota Tower | Corporate | 29-Jun-17 | A- | 28-Jun-18 | ST-3 |