PACRA assigns Entity Ratings to Engro Eximp Agriproducts (Pvt.) Limited
The ratings reflect the strength of ownership structure of the company: EEAP is a wholly owned
subsidiary of Engro Corp (rated AA by PACRA). The CEO of Engro Corp is also the CEO/Chairman of EEAP. Ratings take comfort from the strong corporate governance framework of the group. The company accumulated huge losses in the past - now recovery is taking place. The company is expected to breakeven. The equity base is also expected to take advantage from ensuring profits and reversal of impairment. The financial risk profile is adequately covered.
The ratings are dependant upon the maintained business volume and recovery from losses.
Adherence to sound financial discipline while strengthening debt servicing capacity through
improving cash position is vital for the ratings.
Engro Eximp Agriproduct (Pvt.) limited, incorporated in 2010, is a wholly owned subsidiary of
Engro Corp. The board of Engro Corp is chaired by Mr. Hussain Dawood – A renowned
businessman. The board of Engro Eximp Agriproduct (Pvt) Ltd comprises three members
including the CEO of the Company – Mr. Ghias Khan, is the chairman of the board.
Mr. Ghias Khan is an experienced professional with over 15 years of experience. At Engro,
Mr. Khan has played a vital role in "digital first" vision and strategic planning guide to the entire
group of Engro. He is assisted by an able team.