Lahore, January 30, 2023 (PPI-OT):The assigned ratings of Latif Textile reflect the adequate positioning of the Company in the relative universe. The Company is a manufacturer and exporter of Yarn and Towels, having both Open-end and Ring Spinning technologies for yarn and end-to-end weaving to stitching facilities for towels. The installed capacity is 20,160 spindles […]
Tag: PACRA
PACRA Maintains Entity Ratings of Energy Infrastructure Holding (Private) Limited
Lahore, January 26, 2023 (PPI-OT):The ratings reflect Energy Infrastructure Holding (Pvt.) Limited’s (‘EIHPL’ or ‘the Company’) association with its parent company, Jahangir Siddiqui and Co. Ltd. (‘JSCL’). The Company has made investments in LPG storage and engineering sectors through its subsidiaries- JS Petroleum Ltd. and JS Engineering Investments (Pvt.) Ltd., respectively. JS Petroleum, however, is […]
PACRA Assigns Initial Ratings to Nishat Mills Limited – PPSTS
Lahore, January 26, 2023 (PPI-OT):The ratings reflect the established position of Nishat Mills as a premier export-oriented composite unit, with a sizable strategic portfolio and conservative capital structure. The Company enjoys prominence in the textile sector due to the wide array of its products, extensive outreach, and stable customer base. Meanwhile, the Company’s revenues are […]
PACRA Affirms Preliminary Ratings to Mughal Iron and Steel Industries Limited – PP Sukuk – PKR 5 billion – TBI
Lahore, January 25, 2023 (PPI-OT):Mughal is a known name in the steel industry. The Company has a diversified product slate as its operating both in ferrous and non-ferrous segments. Furthermore, the establishment of strong brands like ‘Mughal Supreme’ gives a competitive edge to the Company. The reported profitability for June 22 showed significant growth from […]
PACRA Assigns Initial Entity Ratings to Ali Embroidery Mills (Private) Limited
Lahore, January 23, 2023 (PPI-OT):The ratings of Ali Embroidery Mills (Private) Limited (Ali Embroidery) reflect its sustained business profile. The Company is a family-owned private limited company which operates with 30 Schiffli and 108 Multi- Heads embroidery machines. The embroidery industry consists of several players operating on small scale with informal structures. However, Ali Embroidery […]
PACRA Maintains the Entity Ratings of Usman Steels (Private) Limited
Lahore, January 23, 2023 (PPI-OT):Incorporated in April 1978, Usman Steels (Pvt.) Limited is engaged in the business of ship breaking. The Company’s site spread over four ship breaking yards, all around costal line of Gaddani Beach, District Lasbella, Balochistan. Usman Steels purchases ships directly from ship owners or through Ship brokers for recycling, to retrieve […]
PACRA Upgrades Entity Ratings of ACT2 Din Wind (Private) Limited
Lahore, January 18, 2023 (PPI-OT):Act group and Din group have successfully set up wind power plant – Act2 Din Wind (Pvt.) Limited (“Act2 Din Wind or the Project”), formerly known as Act2 wind energy Pvt. Ltd. Hydro China International Engineering Company Limited and Hangzhou Huachen Electric Power Control Company are the EPC contractors. The Upgrade […]
PACRA Upgrades Entity Ratings of Al-Khair Rice Mills (Private) Limited
Lahore, January 18, 2023 (PPI-OT):Rice is among the five major crops of Pakistan and is the second main staple food, after wheat. The segment contributes about 3.5% in agriculture value addition and 0.7% to GDP. Local consumption includes ~95% of basmati rice and ~5% non-basmati. During FY22, rice crop area increased to ~3.4mln Hec (FY21: […]
PACRA Maintains Entity Ratings of BRB Properties Builders and Developers
Lahore, January 17, 2023 (PPI-OT):BRB Properties Builders and Developers is committed towards the construction of their first real estate venture Oasis Park Residencia. The company has shown progress towards the construction of bungalows which are expected to be completed by June’2025 as per agreed terms with Sindh Building Control Authority (SBCA). Additionally, the company has […]
PACRA assigns Initial entity rating to Dynamic Packaging (Private) Limited
Lahore, January 17, 2023 (PPI-OT):Dynamic Packaging (Pvt.) Limited (‘DP’ or ‘The Company’) is predominately manufacturing different types of Flexible Packaging, Pharmaceutical Sachet, Tropical Blister Foil, Aluminium Blister Foil, and Cold Forming Aluminium Foil packaging. The Company is wholly owned by family members. Family businesses include i) Dynamic Packaging (Pvt.) Limited ii) Global Inks and Chemicals […]