• PACRA Maintains Entity Ratings of Kohat Cement Company Limited

    Lahore, January 26, 2023 (PPI-OT):Kohat Cement’s ratings incorporates its stable market position along with strong operational history. As of FY22, the Company occupies 7% share of total volumes sold during the period. Overall, the Cement sector reported a decline of 7.8% in total dispatches with significant contribution from decline in exports. Local dispatches dwindled by…

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  • PACRA Maintains Entity Ratings of Energy Infrastructure Holding (Private) Limited

    Lahore, January 26, 2023 (PPI-OT):The ratings reflect Energy Infrastructure Holding (Pvt.) Limited’s (‘EIHPL’ or ‘the Company’) association with its parent company, Jahangir Siddiqui and Co. Ltd. (‘JSCL’). The Company has made investments in LPG storage and engineering sectors through its subsidiaries- JS Petroleum Ltd. and JS Engineering Investments (Pvt.) Ltd., respectively. JS Petroleum, however, is…

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  • PACRA Assigns Initial Ratings to Nishat Mills Limited – PPSTS

    Lahore, January 26, 2023 (PPI-OT):The ratings reflect the established position of Nishat Mills as a premier export-oriented composite unit, with a sizable strategic portfolio and conservative capital structure. The Company enjoys prominence in the textile sector due to the wide array of its products, extensive outreach, and stable customer base. Meanwhile, the Company’s revenues are…

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  • PACRA Affirms Preliminary Ratings to Mughal Iron and Steel Industries Limited – PP Sukuk – PKR 5 billion – TBI

    Lahore, January 25, 2023 (PPI-OT):Mughal is a known name in the steel industry. The Company has a diversified product slate as its operating both in ferrous and non-ferrous segments. Furthermore, the establishment of strong brands like ‘Mughal Supreme’ gives a competitive edge to the Company. The reported profitability for June 22 showed significant growth from…

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  • PACRA Maintains Entity Ratings of Oursun Pakistan Limited

    Lahore, January 23, 2023 (PPI-OT):Oursun Pakistan Limited (The Company), 50MW – incorporated in June 2015, operates under the Renewable Energy Policy 2006. The company achieved financial close in June 2017. The ratings incorporate commissioning of plant, achieved on 30th November 2018 and successful operations since its COD. The company opted for upfront tariff. Under the…

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  • PACRA Assigns Initial Entity Ratings to Ali Embroidery Mills (Private) Limited

    Lahore, January 23, 2023 (PPI-OT):The ratings of Ali Embroidery Mills (Private) Limited (Ali Embroidery) reflect its sustained business profile. The Company is a family-owned private limited company which operates with 30 Schiffli and 108 Multi- Heads embroidery machines. The embroidery industry consists of several players operating on small scale with informal structures. However, Ali Embroidery…

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  • PACRA Maintains the Entity Ratings of Usman Steels (Private) Limited

    Lahore, January 23, 2023 (PPI-OT):Incorporated in April 1978, Usman Steels (Pvt.) Limited is engaged in the business of ship breaking. The Company’s site spread over four ship breaking yards, all around costal line of Gaddani Beach, District Lasbella, Balochistan. Usman Steels purchases ships directly from ship owners or through Ship brokers for recycling, to retrieve…

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