The Pakistan Credit Rating Agency Limited
30-Aug-19
Analyst
Raniya Tanawar
raniya.tanawar@pacra.com
+92-42-35869504
www.pacra.com
Applicable Criteria
- Methodology | Corporate Ratings | Jun-19
- Methodology | Correlation Between Long-Term And Short-Term Rating Scale | Jun-19
- Criteria | Rating Modifier | Jun-19
Related Research
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PACRA Withdraws Entity Ratings of Meskay & Femtee (Pvt.) Limited
| Rating Type | Entity | |
|
Current (30-Aug-19 ) |
Previous (01-Mar-19 ) |
|
| Action | Withdraw | Initial |
| Long Term | - | BBB |
| Short Term | - | A2 |
| Outlook | - | Stable |
| Rating Watch | - | - |
PACRA withdraws the entity ratings of Meskay & Femtee (Pvt.) Limited with immediate effect, on account of the company's decision not to continue the ratings.
.
About
the Entity
Meskay & Femtee (Pvt.) Limited is a Private Limited company established on 1993. The company is engaged in processing and trading business of rice. Meskay & Femtee is one of the largest exporters of rice in the domestic landscape. In 1998, Meskay and Femtee (Pvt.) Limited became a full-fledge milling business. Meskay & Femtee Pvt Limited is owned by four individuals. Mr. Teka Mal( (46.80%), two sons, Mr. Mukesh and Mr. Manoj holds ~22.4% each while Mrs Sundari, Wife of Mr. Teka Mal, holds the remaining. Meskay’s board comprises four members who are also shareholders of the company.