Analyst
Faiqa Qamar
faiqa.qamar@pacra.com
+92-42-35869504
www.pacra.com
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PACRA Suspends Entity Ratings of STS Oil Mills (Pvt.) Limited
Rating Type | Entity | |
Current (02-Mar-23 ) |
Previous (03-Mar-22 ) |
|
Action | Suspended | Initial |
Long Term | - | BB |
Short Term | - | A3 |
Outlook | Stable | |
Rating Watch | - | - |
Due to non-availability of requisite information, the ratings of STS Oil Mills (Pvt.) Ltd. ('the Company') has been suspended. Additionally, PACRA outstanding dues have not been settled . Once the required information is available, PACRA would update the ratings after following the due process.
.
About
the Entity
STS Oil Mills (Pvt.) Limited, was incorporated in Sept-15 as a private limited company. The Company is primarily engaged in the process of hydrogenation of crude palm oil; producing and selling vegetable ghee. The raw material (Palm Oil) is primarily imported from Malaysia and Indonesia. At present, STS Oils has a crushing capacity of 200 MT per day.