The Pakistan Credit Rating Agency Limited
25-Oct-24
Analyst
Hina Harram
hina.harram@pacra.com
+92-42-35869504
www.pacra.com
Applicable Criteria
- Methodology | Rating Modifiers | Apr-24
- Methodology | Correlation Between Long-term & Short-term Rating Scales | Jul-24
- Methodology | Corporate Rating | Jul-24
Related Research
This press release is being transmitted for the sole purpose of dissemination through print/electronic media. The press release may be used in full or in part without changing the meaning or context thereof with due credit to PACRA
PACRA Suspends the Entity Ratings of Islamabad Feeds (Pvt.) Limited
| Rating Type | Entity | |
|
Current (25-Oct-24 ) |
Previous (13-Sep-24 ) |
|
| Action | Suspended | Maintain |
| Long Term | - | BBB |
| Short Term | - | A2 |
| Outlook | Stable | |
| Rating Watch | - | - |
The ratings of the Company have been suspended due to non-payment of the outstanding fee. Once the matter related to fee is resolved, PACRA would obtain latest information and accordingly update the ratings.
.
About
the Entity
Islamabad Feeds (Pvt.) Limited was incorporated in Aug-08. The Company is primarily engaged in the production and sale of poultry feed, broiler meat, layer, and eggs. The Company has two feed mills in Rewat and Okara with production capacities of 90 MT per hour and 60 MT per hour, respectively. Major shareholding vests with Mr. Muhammad Ali (~38.75%), followed by Mr. Muhammad Hassan (~33.75%), Ms. Yumna Aslam (~9.37%), Ms. Saleha Aslam (~9.37%), and Mrs. Alia Mehmood (~8.75%). Mr. Ali heads the Group as the CEO and Chairman of the Board.
He is assisted by a team of experienced professionals.