The Pakistan Credit Rating Agency Limited
30-Oct-24
Analyst
Muhammad Atif Chaudhry
Atif.Chaudhry@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 Zafa Pharmaceutical Laboratories (Pvt.) Limited
| Rating Type | Entity | |
|
Current (30-Oct-24 ) |
Previous (13-Sep-24 ) |
|
| Action | Withdraw | Maintain |
| Long Term | - | A- |
| Short Term | - | A2 |
| Outlook | Stable | |
| Rating Watch | - | - |
Subsequent to the management's decision to discontinue the ratings, PACRA withdraws the Entity Ratings of Zafa Pharmaceutical Laboratories (Pvt.) Limited with an immediate effect.
.
About
the Entity
Zafa Pharmaceutical Laboratories (Pvt.) Limited has been operating in Pakistan since 1973. The company's Board of Directors (BoD) comprises five experienced professionals. Mr. Jawad Amin Khan, the CEO and Managing Director, brings over 30 years of experience in the pharmaceutical and healthcare sectors. He holds an MBA in Management and Marketing, as well as a BS in Operational Management and International Business from Pakistan. In addition to his role at Zafa, Mr. Khan holds senior positions in other companies within the pharmaceutical and packaging industries. Zafa Pharmaceutical Laboratories (Pvt.) Limited is a family-owned business, with Mr. Jawad Amin Khan owning approximately 91% of the company. Other shareholders include the late Mohammad Amin Khan (3.7%), Mrs. Zafar Amin (3.7%), Mrs. Maria Jawad Khan (0.11%), Mrs. Saba Ahmed (1.34%), and the remaining shares are held by Mr. Mohammad Shah Mir Amin Khan.