The Pakistan Credit Rating Agency Limited
02-Mar-23
Analyst
Faiqa Qamar
faiqa.qamar@pacra.com
+92-42-35869504
www.pacra.com
Applicable Criteria
- Methodology | Corporate Rating | Jun-22
- Methodology | Correlation Between Long-term & Short-term Rating Scales | Jun-22
- Methodology | Rating Modifiers | Jun-22
Related Research
This press release is being transmitted for the sole purpose of dissemination through print/electronic media. The press release may be used in full or in part without changing the meaning or context thereof with due credit to PACRA
PACRA Suspends Entity Ratings of STS Oil Mills (Pvt.) Limited
| Rating Type | Entity | |
|
Current (02-Mar-23 ) |
Previous (03-Mar-22 ) |
|
| Action | Suspended | Initial |
| Long Term | - | BB |
| Short Term | - | A3 |
| Outlook | Stable | |
| Rating Watch | - | - |
Due to non-availability of requisite information, the ratings of STS Oil Mills (Pvt.) Ltd. ('the Company') has been suspended. Additionally, PACRA outstanding dues have not been settled . Once the required information is available, PACRA would update the ratings after following the due process.
.
About
the Entity
STS Oil Mills (Pvt.) Limited, was incorporated in Sept-15 as a private limited company. The Company is primarily engaged in the process of hydrogenation of crude palm oil; producing and selling vegetable ghee. The raw material (Palm Oil) is primarily imported from Malaysia and Indonesia. At present, STS Oils has a crushing capacity of 200 MT per day.