February 24, 2024

Arc-Records

Making Business Taste Better

PACRA assigns PABC initial entity rating A+ - Mettis Global Link

PACRA assigns PABC initial entity rating A+ – Mettis Global Link

November 25, 2022 (MLN): Pakistan Credit Rating Agency Limited (PACRA) has assigned Pakistan Aluminium Beverage Cans Limited (PABC), the sole producer of aluminium-based beverage cans in Pakistan an initial entry rating of “A+” for long-term and “Al” for short term with a stable outlook, the company filing on PSX showed today.

The ratings are dependent on the company’s ability to sustain its market position and management’s ability to run the operations of the company optimally.

 With the upcoming growth in the firm’s business & volumes; prudent financial discipline and implementation of a stringent control environment shall remain imperative.

The demand for aluminium cans is directly linked to the consumption of beverage drinks which is always in increasing trend. The business model of PABC is that of B2B and directly supplies aluminium cans to beverage producers.

The high entry barrier and time for installation of the production plant have provided strength to the Company to establish its brand name and capture the entire market share of Pakistan along with the major share of clients in Afghanistan and other countries.

The company has recently increased its rated production capacity from 700mn cans to 950mln cans p.a. PARC has financed and installed an on-grid solar system as well fulfilling major energy needs of the company.

Going forward, the company is planning to enhance its rated capacity to 1,200mln cans p.a. by Jul’23 and improve market share for aluminium beverage cans in Pakistan and abroad by adding leading brands to its clientele.

The financial risk profile of the company is considered strong. with sufficient cashflows and a well-managed working capital cycle.

The company has availed both short-term and long-term facilities from financial institutions to import aluminium-based raw materials.

Copyright Mettis Link News

Posted on:2022-11-25T16:07:15+05:00

35999

slot gacor maxwin akun pro thailand slot gampang jp akun pro thailand slot situs gacor paito hk
judi bola judi bola idn poker Daftar sekarang slot kamboja deposit dana online24jam, klik link agencuan untuk gabung situs slot gacor terpercaya dan dapatkan bonus slot 100 dengan to terkecil bebas buy spin.bd slot idn poker idn poker slot online akun pro thailand