Tag Archives: PACRA

PACRA Assigns Initial Entity Ratings to Zahir Khan and Brothers

Lahore, March 01, 2019 (PPI-OT): The ratings reflect the strength of the Zahir Khan and Brothers’ (ZKB) business model. ZKB embarks upon large infrastructure projects in collaboration with different JV partners, which in their own right are established institutions, hailing

PACRA Upgrades Rating of K.K. Rice Mills (Private) Limited

Lahore, March 01, 2019 (PPI-OT): The ratings capture the fresh injection of PKR ~ 175mln in the company as subordinated loan. The sponsor have expressed undertaking to keep the amount as such or convert it into paid-up capital. The ratings

PACRA Assigns Initial Entity Ratings to Oursun Pakistan Limited

Lahore, March 01, 2019 (PPI-OT): Oursun Pakistan Limited (Oursun Pakistan), 50MWp – incorporated in May 2015, operates under the Renewable Energy Policy 2006. The company achieved financial close in June 2017, while funds released from banks in December 2017 owing

PACRA Maintains IFS Rating of Asia Insurance Company Limited

Lahore, March 01, 2019 (PPI-OT): Asia Insurance is an emerging t small-sized general insurance company of Pakistan. It is characterized by a) premium size, b) strong liquidity and c) good coverage to liabilities. Underwriting performance has sustained with a gradual

PACRA Upgrades Rating of Honda Centre (Private) Limited

Lahore, February 25, 2019 (PPI-OT): Car dealership (authorized) rides on the strength of the Principal (auto manufacturer/assembler). The stronger the Principal in the respective market, higher is the standing of the car dealer. There is a pre-defined set of criteria

PACRA Assigns Initial Entity Ratings to Welcon Chemicals (Private) Limited

Lahore, February 25, 2019 (PPI-OT): Welcon Chemicals (Pvt.) Limited operates in three segments: i) pesticides ii) seeds and iii) fertilizer mainly through its dealer and distribution network. The Company is one of the pioneer groups entered in this segment back

PACRA Withdraws Entity Ratings of H.A Fibres (Private) Limited

Lahore, January 28, 2019 (PPI-OT): Subsequent to the decision of the management of H.A Fibres (Pvt.) Limited, PACRA withdraws the Entity Ratings with immediate effect.

For more information, contact:
Analyst
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, …

PACRA Assigns Initial Entity Ratings to Spud Energy Pty Limited (Pakistan Branch)

Lahore, January 16, 2019 (PPI-OT): Spud Energy Pty Limited (Pakistan Branch) is engaged in upstream Oil and Gas business in Pakistan. The company is a wholly owned subsidiary of Jura Energy Corporation, public company listed on TSX Venture Exchange. The

PACRA Assigns Initial Entity Ratings to Hi-Tech Feeds (Private) Limited

Lahore, January 15, 2019 (PPI-OT): Among the largest agro based segments in Pakistan, poultry holds a prominent place. In Pakistan, formal feed manufacturing started in early 1960. With 350 poultry feed mills and home mixtures, the country annually produces around

PACRA Assigns Initial Entity Ratings to E-Vision Manufacturing Limited

Lahore, January 15, 2019 (PPI-OT): The ratings reflect adequate business profile of E-Vision Manufacturing Limited and its established position in the regenerated polyester staple fiber industry. The company has identified a niche in the textile industry by manufacturing fine white,