Analyst
Faiqa Qamar
faiqa.qamar@pacra.com
+92-42-35869504
www.pacra.com
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Related Research
PACRA Withdraws Entity Ratings of Shabbir Feed Mills (Pvt.) Limited
Rating Type | Entity | |
Current (04-Aug-20 ) |
Previous (27-Apr-20 ) |
|
Action | Withdraw | Maintain |
Long Term | - | BBB- |
Short Term | - | A3 |
Outlook | Negative | |
Rating Watch | - | Yes |
Subsequent to the decision of the management of Shabbir Feed Mills (Pvt.) Limited to discontinue the ratings, PACRA withdraws the entity ratings with immediate effect.
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About
the Entity
Shabbir Feed Mills (Pvt.) Limited, is an established venture of Shujabad Group. The Company was incorporated in 2001 and is primarily engaged in manufacturing and selling poultry feeds, table eggs and broiler meat. The Company's feed mill, located in Multan, has a manufacturing capacity of 45 MT per hour.
Shabbir Feed Mills major shareholding vests with (Late) Mian Shabbir’s family (75%) with an equal stake divided among his five sons. Remaining of the Company’s share (25%) resides with Mr. M. Akram, one of the group’s founders. Mr. Qasier Shabbir - (Late) Mian Sahbbir’s eldest son - with his experience of fifteen years in poultry and textile businesses, leads the Group and the Company as its CEO.