JCR-VIS assigns Initial ratings to Habib Oil Mills Limited

MG News | May 30, 2018 at 05:50 PM GMT+05:00

0:00

KARACHI, May 30: JCR-VIS Credit Rating Company Limited Wednesday assigned initial entity ratings of triple B/A-Three to Habib Oil Mills Limited. Outlook on the assigned ratings is stable, said press release issued here on Wednesday.

HOM is involved in the manufacture and sale of vegetable banaspati, cooking oil and related products for over six decades.

The company is owned by the Hassan Family and based in Karachi. The assigned ratings incorporate established track record of sponsors in the edible oil business, strong market position, significant brand recognition of products, projected improvement in financial profile post expansion and favorable demand prospects for edible oil in the domestic market.

The ratings are, however, constrained by high business risk profile of the edible oil industry along with weak financial profile of HOM as reflected by high leverage and stressed liquidity indicators. (APP)

Related News

Name	Price/Vol	%Chg/NChg
KSE100	152,740.38 147.44M	-1.01% -1551.88
ALLSHR	91,858.47 324.25M	-0.86% -800.10
KSE30	46,223.61 86.89M	-1.45% -681.25
KMI30	219,130.92 66.08M	-1.15% -2553.50
KMIALLSHR	59,625.28 139.61M	-0.93% -562.17
BKTi	42,104.46 39.09M	-2.02% -866.56
OGTi	32,077.87 10.13M	-1.27% -414.19

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	69,900.00	71,480.00 69,440.00	-460.00 -0.65%
BRENT CRUDE	112.33	113.11 105.05	3.68 3.39%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-12.60 -11.25%
ROTTERDAM COAL MONTHLY	123.30	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	97.89	98.75 92.47	2.34 2.45%
SUGAR #11 WORLD	15.63	15.72 15.27	0.26 1.69%