PACRA : AsiaNet-Pakistan

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PACRA Maintains Entity Ratings of Reliance International Commodities Export

August 20, 2019 | General Business News

Lahore, August 20, 2019 (PPI-OT): The ratings reflect the emergence of the Reliance International Commodity Exports (”Reliance”) as a growing IRRI rice exporter. In line with the overall industry changing the trend, Reliance has shifted its export sales mix from …

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PACRA Maintains Entity Ratings of Jhulay Lal Parboiled Rice Mill

August 20, 2019 | General Business News

Lahore, August 20, 2019 (PPI-OT): The ratings reflect Jhulay Lal’s emerging position in the rice export market. Jhulay Lal (JL) has expanded its capacity over the last few years; the two new lines have been commissioned which have strengthened the …

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PACRA Maintains Entity Ratings of K.K. Rice Mills (Private) Limited

August 20, 2019 | General Business News

Lahore, August 20, 2019 (PPI-OT): The ratings capture the fresh injection of PKR ~ 175mln in the company as subordinated loan. The sponsors have expressed undertaking to keep the amount as such or convert it into paid-up capital. The ratings …

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PACRA Maintains Entity Ratings To Pakistan Synthetics Limited

August 9, 2019 | General Business News

Lahore, August 09, 2019 (PPI-OT): Pakistan’s Polyethylene Terephthalate (PET) packaging sector mostly derives its demand from bottled water and carbonated beverage industry, while, edible oil sector has become an upcoming demand driver. The industry use variants of PET Resin to …

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PACRA Maintains Entity Ratings of M.Y. Bari Mills (Private) Limited

August 9, 2019 | General Business News

Lahore, August 09, 2019 (PPI-OT):The ratings of M.Y. Bari Mills (Pvt.) Limited (Bari Mills) reflect its improving business profile emanating from growth in revenues and profitability. Bari Mills is a family owned small scale private company operated by a seasoned …

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PACRA Assigns Positive Outlook to Asset Manager Rating of Alfalah GHP Investment Management Limited

August 9, 2019 | General Business News

Lahore, August 09, 2019 (PPI-OT): The rating reflects the company’s ability to increase its market share in distressed macro-economic environment. The company’s sponsorship of Bank Alfalah Limited, a renowned financial institution provides support to the rating. The rating incorporates the …

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PACRA Upgrades Entity Rating of Engro Elengy Terminal (Private) Limited

August 9, 2019 | General Business News

Lahore, August 09, 2019 (PPI-OT): The ratings reflect sizable improvement in profile of Engro Elengy Terminal (Private) Limited (EETPL), as captured by growing profitability and reduced leveraging. The revenues and cash flows are guaranteed by Sui-Southern Gas Company (SSGC), subject …

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PACRA Assigns Preliminary Ratings to K-Electric Limited – Islamic Commercial Paper of PKR 8bln

August 9, 2019 | General Business News

Lahore, August 09, 2019 (PPI-OT): K-Electric has lately published the annual report for the year ended 30th June, 2017. The company’s net profit took dip during FY17 as compared to last year owing to significant reduction in tariff level along …

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PACRA Maintains Asset Manager Rating of AKD Investment Management Limited

August 9, 2019 | General Business News

Lahore, August 09, 2019 (PPI-OT): The rating incorporates the company’s corporate governance structure, experienced management team, structured investment management process. The rating reflects the company’s capacity to manage the risks inherent in asset management. However, the rating is constrained by …

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PACRA Maintains Entity Ratings of Interwood Mobel (Private) Limited

August 9, 2019 | General Business News

Lahore, August 09, 2019 (PPI-OT): The ratings reflect Interwood’s strong brand name and established presence in the furniture industry of Pakistan. Over the years, the Company has mitigated risks associated with contractual jobs by focusing on the retail market. It …

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PACRA Maintains Entity Ratings to Shujabad Agro Industries (Private) Limited

August 9, 2019 | General Business News

Lahore, August 09, 2019 (PPI-OT): Pakistan is a leading consumer of edible oils and the industry is heavily reliant on imports. Additionally, low domestic oil seed production caused by a distortion in support price mechanism for wheat and sugar cane …

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PACRA Maintains Entity Ratings of Ibrahim Fibres Limited

August 9, 2019 | General Business News

Lahore, August 09, 2019 (PPI-OT): The ratings reflect Ibrahim Fibres’ leading position in the local polyester staple fibre (PSF) industry and very strong financial profile accentuated by low leveraging and strong coverages. Imposition of anti-dumping duty on PSF imported from …

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