PACRA Maintains the Entity Ratings of International Business Management

International Business Management (“IBM”) is serving the customers/importers of paper & paperboard with dynamism. IBM is owned and managed by Mr. Saleem Bikiya, the head of the Bikiya family. The Bikiya family is engaged in the various segments of the paper business. The other family businesses of IBM are Madiha International (Pvt) Limited and Bikiya Industries (Pvt) Limited, which are involved in the paper and tissue industries respectively. IBM is an indenting house serving suppliers and importers of paper & paper board, generating commission income as revenue. The indenting house consists of experienced, devoted, and capable staff for the benefit of esteemed customers as well as for the success of sole proprietorship. IBM is supporting the quality assessment evaluation of various kinds of paper & paperboard in Pakistan. The ratings take comfort from IBM’s customer base for indenting services of paper & board including the family-owned companies. Due to the small business size, the sponsor is looking after the management and governance side of the proprietorship. The financial risk profile of IBM is considered adequate with currency fluctuations as seen during the end of FY23. Foreign indenting commissions have improved by a good quantum. The total inflows and total outflows during FY23 of the proprietor generated a healthy net margin. The Company is sufficiently liquid, managing its working capital requirements through its sources. IBM is leverage-free, with zero bank borrowings, and has no plans to borrow, going forward.
The ratings are dependent on IBM's ability to sustain its position amidst a changing business environment and management’s ability to run the operations optimally. With the upcoming growth in the firm’s business; prudent financial discipline and implementation of a stringent control environment shall remain imperative.

About the Entity
IBM, established in 1993, is the sole proprietorship of Mr. Saleem Bikiya, an experienced business personnel serving more than 4 decades in the relevant field. He is working with the biggest groups in the paper industry including the Sinarmas group Indonesia known as Asia Pulp & Paper (APP). The main principle of sole proprietorship belongs to Indonesia and China.