PACRA Suspends Entity Ratings of Nizami Feeds (Pvt.) Limited
PACRA has suspended the entity ratings of 'BBB-/A3' (Triple B-/A3) assigned to Nizami Feeds (Pvt.) Limited due to non-availability of requisite information. Once required information is available, PACRA would update the ratings after following the due process.
Nizami Feeds (Pvt.) Limited ventured in the import and trade of soybean meal, medical vaccines and poultry feed in local market in 2006 as a partnership. In 2010, the partnership was registered as a private limited company. Later, in 2016 the Company started manufacturing poultry feed. Currently, the Company deals in both poultry and animal feed. The production plant has an installed capacity of 131,400 MT per annum or 50 MT per hour.
The Company's shareholding vests with the sponsoring family. Mr. Mian Muhammad Ahmad Sethi, Mr. Mian Muhammad Tayyab and Mr. Mian Muhammad Hamza Nizami (brothers) own 47%, 42% and 8% shares, respectively. While, the remaining shares reside with the family members of late Mr. Mian Muhammad Abdul Rehman (4%). The Board's Chairman and the Company's CEO, Mr. Mian M. Ahmad Sethi, is assisted by a team of experienced professionals.