Analyst
Sehar Fatima
sehar.fatima@pacra.com
+92-42-35869504
www.pacra.com
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Related Research
PACRA withdraws Entity Ratings of Bilal Steel Mills
Rating Type | Entity | |
Current (17-Jul-20 ) |
Previous (23-Jan-20 ) |
|
Action | Withdraw | Initial |
Long Term | - | BBB- |
Short Term | - | A3 |
Outlook | Stable | |
Rating Watch | - | - |
Subsequent to the management's decision to discontinue the ratings, PACRA withdraws the Entity Ratings of Bilal Steel Mills (Pvt.) Limited with immediate effect.
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About
the Entity
Bilal Steel Mills (Private) Limited (Bilal Steel), is a private limited company incorporated in 2013, it is primarily engaged in manufacturing and sale of billet steel and D formed steel bars. The company operates through its registered head office located in Lahore. The plant is located on Sheikhupura Road with installed capacity of 87,500 tonnes of re-rolling and 42,000 tonnes of furance. The entire shareholding of the company is owned by Malik Family. The overall control of the Company vests in two member board of directors of the sponsoring family. Mr. Farrukh Shahzad Malik, the founder of the company is the key man behind the business. He is the CEO and Chairman of the company, whereas his son, Mr. Bilal Malik is the Managing Director. The company employs an able team of professionals.