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Quetta Textile Mills

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Written by:

Darwin B


Date added:

November 13, 2014








No of pages / words:

13 / 3518


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2737 times


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The customer has requested fresh facilities and enhancement in RF & CF line in their request for annual renewal of facilities. The same enhancement/fresh facilities were also requested in the last renewal which was declined by Head Office due to decline in key ratios and profitability of the company amid high cost of doing business and high exposure of the bank on the sector...
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However, we may raise an interim renewal of the account on receipt of financials for FY09. The financials of FY09 are set to improve considerably on account of devaluation of PKR vis-a-vis USD. Further, the company has major export contracts on hand which would further consolidate its market & financial position in coming years...
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