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Name of Company: Credit Rating Agency of Bangladesh Limited (CRAB) |
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Address: Metropolitan Chamber Building, (6th Floor),
122-124 Motijheel Commercial Area, Dhaka 1000, Bangladesh |
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Telephone No.: (880 2) 9559311-12, (880 2) 9553387,
(880 2) 9553254 , 0171032807 (cell) |
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Fax No.: (8802) 9568987 |
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E-mail address: crab@intechworld.net |
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Details of Corporate Structures: |
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| No. |
Names, address & descriptions of subscribers |
Amount of Shares |
Amount in Taka |
Percentage of Share |
| 1 |
Astras Ltd. Represented by its Chairman Mr. Samson H. Chowdhury |
5000 |
0.5 Mil |
8.20% |
| 2 |
Mr. Syed Manzur Elahi Chairman, Apex Footwear Ltd. & Apex Tannery Ltd. |
5000 |
0.5 Mil |
8.20% |
| 3 |
Investment Corporation of Bangladesh Represented by its Managing Director Mr. Md. Ziaul Haque Khondker |
5000 |
0.5 Mil |
8.20% |
| 4 |
Unicorn Equities Ltd.Represented by its Chairman Mr. Abu Zafar Humayun |
5000 |
0.5 Mil |
8.20% |
| 5 |
Mr. Md. Matiul Islam, FCA Chairman Industrial and Infrastructure Development Finance Company Ltd.(Former Secretary of Finance, Bangladesh Government ) |
5000 |
0.5 Mil |
8.20% |
| 6 |
Mr. M. Haider Chowdhury Chairman National Life Insurance Co. Limited |
5000 |
0.5 Mil |
8.20% |
| 7 |
Mr. AKM Rafiqul Islam, FCA Managing Director Pragati Insurance Ltd. |
5000 |
0.5 Mil |
8.20% |
| 8 |
Mr. Mir Mustafizur Rahman Chairman Fareast Finance & Investment Ltd.(Former Secretary of Finance, Bangladesh Government) |
5000 |
0.5 Mil |
8.20% |
| 9 |
Mr. ASM Quasem Chairman, New Age Group Vice President, International Chambers of Commerce |
5000 |
0.5 Mil |
8.20% |
| 10 |
Mr. M. Anis Ud Dowla Managing Director Advanced Chemical Industries Ltd. |
5000 |
0.5 Mil |
8.20% |
| 11 |
Mr. M. Syeduzzaman Chairman Bank Asia Ltd. (Former Finance Minister, Bangladesh Government) |
1000 |
0.1 Mil |
1.64% |
| 12 |
Industrial Development Leasing Company of Bangladesh Ltd. Represented by its Managing Director Anis A. Khan |
5000 |
0.5 Mil |
8.20% |
| 13 |
M. Faizur Rahman Chairman Asian Surveyors Ltd. |
5000 |
0.5 Mil |
8.20% |
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Total |
61000 |
6.1 Mil |
100% |
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Capitalization:
Authorized Capital: BDT 20 Million
Paid In Capital: BDT 6.1 Million |
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Branches, if any: None |
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Chairman:
Mr. M. Syeduzzaman
Former Finance Minister
Government of Bangladesh
Chairman
Bank Asia Limited |
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Vice Chairman:
Mr. Md. Matiul Islam, FCA
Former Secretary of Finance
Government of Bangladesh
Chairman |
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Managing Director:
Mr. Anwaruddin Chowdhury, FCA
Council Member, and Past President
Institute of Chartered Accountants of Bangladesh |
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Officers of the Company: |
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i. |
Mr. Hossen Soheed Sohrawardhi, MBA, Senior Financial Analyst |
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ii. |
Mr. Enam Al Quddus, MBA, Senior Financial Analyst |
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iii. |
Mr. Shuvankar Shill, MBA, Financial Analyst |
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iv. |
Mr. Abu Sayeed, MBA, Financial Analyst |
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v. |
Mr. Fazle Rabbi, Financial Analyst |
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vi. |
Ms. Sabera Sultana, Financial Analyst |
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vii. |
Mr. Shariful Islam, Financial Analyst |
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viii. |
Mr. Enamul Haque, Junior Financial Analyst |
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ix. |
Ms. Zannatul Nyma, Officer |
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Staff of the Company: 5 Nos. |
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Services Offered: |
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CRAB will provide rating and related services in the followings areas: |
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Credit Rating Services |
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Gradation Services |
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Advisory Services |
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Information Services |
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Training Services |
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Credit Rating Services: |
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Debt Instrument Rating (Debentures, Bonds and Preference Shares) |
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Entity Rating of Individual Companies |
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Equity Rating of Ordinary Shares |
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Insurance Companies Rating (Claims Paying Ability) |
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Loan Rating (Clientele Rating) |
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Mutual Funds Schemes Rating |
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Corporate Governance Rating |
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Stake holder Value & Governance Rating |
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Project Finance Rating |
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Other Rating Services |
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Gradation Services: |
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Real Estate Developers Grading |
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Health Care Diagnostics & Clinic Grading |
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Private Universities and Educational Institutions Grading |
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Private Security Firms Grading |
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Other Grading Services |
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Advisory Services: |
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Strategy Formulation |
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Risk Management |
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Regulatory Compliance |
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Customized Research |
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Information Services: |
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Industry and Sector Research |
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Rating Profile |
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Customized Research |
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Training Services: |
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Corporate Governance |
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Regulatory Compliance |
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Customized Training |
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Date of Start of Operation: March 2004 |
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Technical Assistance Collaboration: ICRA Ltd. Of India |
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Rating Assignments: Furnished below: |
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RATING ASSIGNMENTS UNDERTAKEN |
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Financial Institution: |
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First Security Bank Limited: IPO of Equity Shares |
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Fareast Finance & Investment Ltd: IPO of Equity Shares |
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Union Capital Ltd: IPO of Equity Shares |
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Vanik Bangladesh Ltd: IPO of Equity Shares |
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First Lease International Ltd: Rights Issue of Equity Shares |
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Manufacturing Organization: |
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Akota Composite Mills Ltd: Privately Placed Debentures |
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Aegis Composite Textile Mills Ltd: Privately Placed Preferred Shares |
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JK Yarns Ltd: Privately Placed Preferred Shares |
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North Bengal Cycle Industries Ltd: Privately Placed Debentures |
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ACI Ltd: Corporate Governance Rating |
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Real Estate Developing Company: |
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Everest Soidiscant Project: Privately Placed Debentures |
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Service Sector: |
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Navana CNG Limited: Privately Placed Debentures |
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Hotel & Hospitality Services: |
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Cox’s Bazar Beach Hotel Limited: Privately Placed Debentures |
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IBIS Hotels Ltd: Privately Placed Debentures |
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RATING ASSIGNMENTS IN PIPELINE |
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Rating of Equity Shares and Rights Offers of |
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Commercial Banks |
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Non-banking Financial Institutions |
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Insurance Companies |
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Manufacturing Companies |
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Service Companies |
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Clientele Grading Services |
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Commercial Banks |
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Multinational Company in Manufacturing Business |
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Claims Paying Ability Rating |
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Insurance Companies |
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