Press ReleasePACRA Maintains Broker Fiduciary Rating of JS Global Capital Limited
|Current (14-Dec-22 )
|The assigned rating incorporates the Company's association with one of the prominent conglomerates in the country 'JS Group'.
|Being a listed entity, the governance framework is robust, backed by the presence of independent and non-executive directors.
|Management and Client Services
|JSGCL has a well-defined organizational structure headed by seasoned professionals. Well drafted policies are in place to ensure high quality of client services.
|Internal Controls and Regulatory Compliance
|JSGCL has a strong control environment supported by internal audit at group level reporting directly to the audit committee.
|The recent volatility in trading volumes have heightened the exposure to business risk. Going forward, JSGCL plans to further solidify its business model with enhancement in market share and diversity
|JSGCL does not engage in Proprietary-Book, thus minimizing market risk. Capitalization indicators are strong with a low leveraged capital structure.
|Key Rating Drivers
|About the Entity
|Year of Establishment
|Type of License
|Trading and Self-clearing
|JS Bank Limited
| Afnan Iqbal
Methodology | Broker Fiduciary Rating | Jan-22
Sector Study | Brokerage & Securities | Jan-22
|This press release is being transmitted for the sole purpose of dissemination through print/electronic media. The press release may be used in full or in part without changing the meaning or context thereof with due credit to PACRA. The primary function of PACRA is to evaluate the capacity and willingness of an entity to honor its obligations. Our ratings reflect an independent, professional and impartial assessment of the risks associated with a particular instrument or an entity. PACRA opinion is not a recommendation to purchase, sell or hold a security, in as much as it does not comment on the security's market price or suitability for a particular investor.