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Monthly Archives: December 2017

PACRA Assigns Initial Entity Ratings to Saif Textile Mills Limited

Lahore, December 29, 2017 (PPI-OT):Saif textile mills limited (Saif Textile), biggest textile mill of Saif group, provides different kinds of yarn which include, Melange yarn, dyed yarn, man-made yarn and raw white yarn. The company, primarily in spinning business, has …

PACRA Assigns Initial Entity Ratings of Pharmagen Limited

Lahore, December 29, 2017 (PPI-OT):The ratings reflect Pharmagen Limited (PL) strong business fundamentals. The pharmaceutical industry has witnessed a high rate of sustained growth over the years. Cost-efficiencies as well as demand inelasticity are benefiting the industry players. While product …

PACRA assigns Initial Ratings to Ghandhara Nissan Limited

Lahore, December 29, 2017 (PPI-OT):Ghandhara Nissan Limited (GNL) operates in the truck segment of the automobile sector. Presently, the company deals in Chinese brands. There has been a slowdown in the company’s performance with the discontinuation of UD Trucks, however, …

PACRA Maintains Entity Ratings of Pakistan National Shipping Corporation

Lahore, December 29, 2017 (PPI-OT):The ratings reflect PNSC’s strong ownership – majority owned by Government of Pakistan – and its strategic significance as the country’s flag carrier. On a stand-alone basis, PNSC’s business profile has gained significant strength in recent …

PACRA Maintains Entity Ratings of Nishat Power Limited

Lahore, December 29, 2017 (PPI-OT):Nishat Power Limited runs a 200MW power plant. The company operates in the regulated power sector. It enjoys sovereign guarantee against receivables from power purchaser – NTDC – given adherence to agreed performance benchmarks. Nishat Power …

PACRA Assigns Initial Entity Ratings to M.Y. Bari Mills (Private) Limited

Lahore, December 29, 2017 (PPI-OT):The ratings of M.Y. Bari Mills (Pvt.) Limited (Bari Mills) reflect small yet growing business profile. Bari Mills is a family owned small scale private company owned by a seasoned business family of Karachi. The company …

PACRA Assigns Initial Entity Ratings to Kohat Cement Company Limited

Lahore, December 29, 2017 (PPI-OT):Kohat Cement’s ratings reflect the market positioning – mid-tier (6% market share) cement player. The Company has cost-efficient operational framework reflected in robust EBITDA margins (leading position only in recent year) and strong profitability. The Company …

PACRA Maintains Entity Ratings of Amreli Steels Limited

Lahore, December 29, 2017 (PPI-OT):The ratings reflect continuous improvement in Amreli Steels’ business profile supplemented by strong local demand fundamentals. Business margins declined in FY17 – a factor of notable decline in local prices due to import of steel re-bars …