PACRA Maintains Entity Ratings of Sefam (Private) Limited
Lahore, May 22, 2019 (PPI-OT): The ratings reflect Sefam (Pvt.) Limited’s reputable image as one of the leading players in the clothing/home textile retail industry with several established brands. The Company operates a complete range of clothing brands targeting all segments of the retail market. The major portion of the Company’s raw material is sourced from group companies, which allows it to maintain profitability while ensuring quality.
The Company has witnessed growth over the years amid positive industry dynamics and higher consumer spending. Margins continued to maintain an upward trend indicating efficient operations and improved profitability. Ratings draw strength from the Company’s strong financial profile, characterized by a low leveraged capital structure, strong coverages and efficient management of working capital.
The ratings are dependent on the Company’s ability to improve governance framework. Additionally, working capital management and ensuing borrowings should be monitored closely. Adverse movement in margins and/or coverages would be critical for the ratings.
For more information, contact:
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425