The Pakistan Credit Rating Agency Limited
28-Nov-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
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PACRA Suspends the Entity Ratings of Khadija Edible Oil Refinery (Pvt.) Limited
| Rating Type | Entity | |
|
Current (28-Nov-24 ) |
Previous (28-Nov-23 ) |
|
| Action | Suspended | Initial |
| Long Term | - | A- |
| Short Term | - | A2 |
| Outlook | Stable | |
| Rating Watch | - | - |
The ratings of the Company have been suspended due to non-availability of requisite information. The management has agreed to provide data. Once all information is available, PACRA will update the ratings after following the due process.
.
About
the Entity
Khadija Edible Oil Refinery (Pvt.) Limited ('Khadija edible oil' or ‘the Company’) was incorporated in Dec-2005 as a Private Limited Company under the repealed Companies Ordinance 1984 (Now Companies act 2017). The Company is primarily engaged in the process of refining crude palm oil; producing and selling cooking oil/ghee along with shortening. The Company’s majority ownership resides with group company, Waheed Hafeez Ghee Industries (Pvt.) Limited(~87%). The remaining shareholding resides with Mr. Abdul Waheed (~13%).