Analyst
Sehar Fatima
sehar.fatima@pacra.com
+92-42-35869504
www.pacra.com
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Related Research
PACRA withdraws Entity Ratings of Ali Embroidery Mills (Pvt.) Limited
Rating Type | Entity | |
Current (26-May-21 ) |
Previous (28-May-20 ) |
|
Action | Withdraw | Maintain |
Long Term | - | BBB |
Short Term | - | A2 |
Outlook | Stable | |
Rating Watch | - | Yes |
Subsequent to the management's decision to discontinue the ratings, PACRA withdraws the Entity Ratings of Ali Embroidery Mills (Pvt.) Limited with immediate effect.
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About
the Entity
Ali Embroidery Mills (Private) Limited, incorporated in 1972, is part of the Sefam Group, most famous for its fashion brand Bareezé. The Company was founded by Mr. J.A Zaman (late) and later became the launching pad for Sefam (Pvt.) Limited & Sarena Textile Industries. The Company’s production facilities are located at Sheikhupura Road, comprising 34 Schiffli machines and 72 Multi-Heads embroidery machines. The Group has expanded its operations over the years and owns many well-known retail brands, such as, Bareezé, Leisure Club, Minnie Minors, Chinyere, Home Expressions and Kayseria, among others.
The ownership of the Company lies with the five children of Mr. J.A Zaman (late). Operations of the company are looked after by the Chief Executive Officer, Mr. Tariq Zaman, who has diverse experience in textile, poultry, dairy and transportation sectors. He is assisted by a professional management team.