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PACRA Maintains Entity Ratings of Sargodha Jute Mills Limited

Lahore, March 30, 2023 (PPI-OT): The ratings reflect Sargodha Jute Mills Limited’s (“the Company” or “SJML”) prominent business profile in the jute industry of Pakistan emanating from considerable market share and wide-ranging final product utility. The core strength of the Company lies in two segments (i) Usage of Jute bags for the storage of essential...

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PACRA Maintains Entity Ratings of Masood Fabrics Limited

Lahore, March 30, 2023 (PPI-OT): Masood Fabric Limited (‘Masood Fabric’ or ‘The Company’) is a public unlisted limited company. The Company is principally engaged in the manufacture of yarn and greige fabric, primarily catering to the home textile market. The Company maintains two separate units, Unit-I consists of 32,640 spindles and Unit-II consists of weaving...

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PACRA Maintains Entity Ratings of Sindh Microfinance Bank Limited

Lahore, March 29, 2023 (PPI-OT): The ratings reflect the parentage and association of the bank with a financial institution and ultimately with a sub-sovereign. The bank has a conservative risk appetite. With the changing market conditions, the asset infection ratio stood at 3% as of end-Dec’22. The net profitability of the bank exhibited growth to...

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PACRA Maintains Stability Rating of Alfalah GHP Cash Fund

Lahore, March 29, 2023 (PPI-OT): The rating reflects strong risk profile of the Alfalah GHP Cash Fund’s (or the “Fund”). The Fund’s good credit quality and sound liquidity profile emanate primarily from its mandate to invest in Government Securities and in bank deposits. At end Dec’22, ~50.8% of Funds assets were allocated to T Bills,...

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PACRA Maintains Entity Ratings of Gharibwal Cement Limited

Lahore, March 29, 2023 (PPI-OT): Gharibwal Cement (the Company) has annual production capacity of 2.1mln tons. The Company has been conducting its business by selling cement to the localities located in close vicinity to the plant located in Ismail Wal District Chakwal. Gujranwala division remained the Company’s key market. The cement sector latest period 1HFY23...

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PACRA Maintains Entity Ratings of SAFCO Microfinance Company (Private) Limited

Lahore, March 28, 2023 (PPI-OT): SAFCO Microfinance Company (Private) Limited (‘SMCPL’ or the ‘Company’) is a Microfinance Institution (MFI) governed by the Securities and Exchange Commission of Pakistan under Section 16 of the Companies Act, 2017. The company is licensed to operate under NBFC (Establishment and Regulations) Rules, 2003, Non-Banking Finance Companies, and Notified Entities...

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PACRA Maintains Entity Ratings of JWS Pakistan

Lahore, March 28, 2023 (PPI-OT): JWS Pakistan (‘JWSP’ or ‘the Institution’) is a Microfinance Institution (MFI) governed by the Securities and Exchange Commission of Pakistan (SECP) under Section 42 of the Companies Act,2017. The Institution is licensed to operate under NBFC (Establishment and Regulations) Rules, 2003, Non-Banking Finance Companies and Notified Entities Regulations 2008. It...

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