The Pakistan Credit Rating Agency Limited
07-Oct-24
Analyst
Usama Ali
usama.ali@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 Withdraws Entity Ratings of Engro Eximp Agriproducts (Pvt.) Limited
| Rating Type | Entity | |
|
Current (07-Oct-24 ) |
Previous (13-Oct-23 ) |
|
| Action | Withdraw | Maintain |
| Long Term | - | A- |
| Short Term | - | A2 |
| Outlook | Stable | |
| Rating Watch | - | - |
Subsequent to the management's decision to discontinue the entity ratings of Engro Eximp Agriproducts (Pvt.) Limited, PACRA withdraws the entity ratings of Engro Eximp Agriproducts (Pvt.) Limited with immediate effect.
.
About
the Entity
Engro Eximp Agriproduct (Pvt.) Ltd. was incorporated in 2009 as a wholly owned subsidiary of Engro Corp Ltd. The principal activity of the Company is processing, export and trade of rice and The Company operates with an advanced integrated processing plant having a design capacity of 144,000 tons for milling and 3 months design capacity of 270,000 tons for drying. The Company's Board is Chaired by the CEO of Engro Corp, Mr. Ahsan Zafar Syed. The CEO of the Company Mr. Mohsin Hassan, is an experienced professional and has been at Engro Fertilizers, previously.