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Varosha FFIL new chairman

Published : Monday, 31 December, 2018 at 12:00 AM  Count : 1752
Business Desk
Md Shamsul Islam Varosha

Md Shamsul Islam Varosha

Md Shamsul Islam Varosha has been elected chairman of Fareast Finance & Investment Limited (FFIL) for the next three years with effect from December 12, 2018.
The election came at the company's 191st Board of Directors' meeting held in the capital on December 12, 2018, said a release.
Shamsul Islam Varosha, a sponsor director of FFIL, has been engaged in trading business of chemicals and vehicles from the very beginning of his business carrier.

NBL to sell floor spaces in CtgThe Board of Directors of National Bank Limited (NBL) has decided to sell 2nd floor, 4th floor, 5th floor and 6th floor (total 33,780 sft.) of the building (including undivided and undemarcated proportionate land and 8 car parks at the basement) located at Goshaildanga on Sk Mujib Road in Chittagong.
Owned by the company, the estimated sale value of the floor spaces is Tk 620 million (62.00 crore) only.

Cos credit rating resultsSquare Pharma: Credit Rating Information and Services Limited (CRISL) has rated Square Pharmaceuticals Limited (Square Pharma) as 'AAA' in the long term and 'ST-1' in the short term along with a stable outlook in consideration of its audited financials up to June 30, 2018; unaudited financials up to September 30, 2018 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
BWTL: Credit Rating Agency of Bangladesh Limited (CRAB) has announced the entity rating (Surveillance) of Bengal Windsor Thermoplastics Limited (BWTL) as 'AA3' along with a stable outlook based on audited financial statements up to June 30, 2018 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
Matin Spinning: Credit Rating Information and Services Limited (CRISL) has rated Matin Spinning Mills Limited (Matin Spinning) as 'AA-' in the long term and 'ST- 3' in the short term along with a stable outlook based on its audited financial statements up to June 30, 2018, unaudited financials up to September 30, 2018 and other relevant quantitative and qualitative information up to the date of rating declaration.
ACI Formulations: Credit Rating Information and Services Limited (CRISL) has rated ACI Formulations Limited (ACI Formulations) as 'AA-' in the long term and 'ST-3' in the short term along with a stable outlook in consideration of its audited financials up to June 30, 2018; unaudited financials up to September 30, 2018 and other relevant quantitative as well as qualitative information up to the date of rating declaration.    SOURCE: DSE/CSE

ACI: Credit Rating Information and Services Limited (CRISL) has rated ACI Limited (ACI) as 'AA-' in the long term and 'ST-2' in the short term along with a stable outlook in consideration of its audited financials up to June 30, 2018; unaudited financials up to September 30, 2018 and other relevant quantitative as well as qualitative information up to the date of rating declaration.

PLFSL: Emerging Credit Rating Limited (ECRL) has assigned the initial rating of Peoples Leasing and Finance Services Limited (PLFSL) as 'BBB-' in the long term and 'ST-3' in the short term along with a stable outlook of the company based on audited financials up to December 31, 2017 and other relevant qualitative as well as quantitative information up to the date of rating.


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