Tag: PACRA

Lahore, February 01, 2023 (PPI-OT):The ratings reflect Soneri Bank’s (“SNBL” or the “Bank”) improved business profile as reflected by system share of 1.8% in terms of deposits as of Sep’22. SNBL’s customer deposits observed growth of 6.9% since Dec’21, where CASA recorded further 19.9% improvement to stand at PKR 337.2bln (Dec’21: PKR 281.3bln). Net income […]

Lahore, January 31, 2023 (PPI-OT):SSGC business profile is considered adequate owing to its exclusive license to operate in areas of the franchise (provinces of Sindh and Balochistan) and guaranteed return on its net operating assets. Subsequent to the unfolding of the strategy by the incumbent leadership, company posted a positive bottom line amounting to PKR […]

Lahore, January 31, 2023 (PPI-OT):Techno Time Construction (Pvt.) Limited (TTC or the Company) holds experience in the construction industry of Pakistan for nearly a decade. TTC has delivered multiple, public and government projects of which the completion spanned a number of years. TTC also works on different infrastructure projects in collaboration with different JV partners. […]

Lahore, January 31, 2023 (PPI-OT):Sitara Heights (Pvt.) Limited is committed towards the development of its real estate ventures including residential and commercial properties. Currently the Company is engaged in five projects, three in Lahore and two are in Faisalabad. Namely; 3 Jays Tower, Sitara Icon Tower, Sitara Serene Tower, The Edge and Gold Vista. Company […]

Lahore, January 31, 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: […]

Lahore, January 30, 2023 (PPI-OT):Amidst Covid-19 impact, the Bank’s GLP witnessed a declining trend. Asset quality was impaired significantly, as the deferred book to total GLP was sizeable. Furthermore, considering the devastation of the massive flood, since Jul’22 the NPLs of the bank are expected to increase significantly, due to which the profitability of the […]

Lahore, January 30, 2023 (PPI-OT):The ratings recognize Ghani Chemical Industries Limited’s (GCIL) leading and prominent position in the industrial and medical gases sector in terms of production capacity. The industry largely possesses an oligopolistic structure, benefiting the players. During FY22 the top line of the Company showed ~9.2% growth and margins also showed improvement at […]

Lahore, January 30, 2023 (PPI-OT):The assigned ratings of Al Barka Fabrics reflect the adequate positioning of the company in the Processed fabrics, home-textile, and made-up industry. Al Barka Fabrics is the flagship company of Al Barka Group. The group has a long-standing association with the textile sector. The group plans diversification in other sectors, going […]

Lahore, January 30, 2023 (PPI-OT):KAM International is a prominent textile venture of the Mekotex group. The group has a presence in the textile, energy, and water supply sectors through five established companies Mekotex, Meko Denim, Innovative Energy Solutions, Aquagen, and KAM International. It has been operational as a single-member company with a history of more […]

Lahore, January 30, 2023 (PPI-OT):The assigned ratings of Loads Limited reflect the niche industry positioning in the auto parts industry. With a long-lived presence of up to four decades in the automotive industry, the Company has established a considerable forte in the domestic market along with a committed client base. Pakistan’s automotive and allied industry […]