Business News

Current Business News. Read More

Company News

Corporate Company News. Read more

Official News

Government Official News. Read more

Press Releases

All Press Releases. Read More

Home » Business News, General Business News

PACRA Maintains Entity Ratings of Usmani International Associates (Private) Limited

December 31, 2018

Lahore, December 31, 2018 (PPI-OT): Usmani International Associates (UIA) has been operating in the construction industry for the last many decades. The second generation has also joined the business – with clarity of roles. The governance framework is expected to evolve, going forward. The reported profitability in terms of gross margin is good, though operational efficiency needs to be harnessed. The topline and profitability both are supplemented by JV business, lending support to the ratings.

Construction business is dependent on award of public works (Federal and Provincial PSDP + CPEC). The control environment may be strengthened by harnessing the audit quality and adopting quarterly accounts. The latest management accounts of the company for FY 18 reflect sustained business and financial risk profile of the entity. The management has given representation that the audit will be completed in a short span of time.

The ratings are dependent upon the sustained positioning of the company in the industry. Adherence to sound financial discipline while strengthening debt servicing capacity is pivotal for the ratings. Improving governance and control environment is also important.

For more information, contact:
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425

Related Posts