Press Release
VIS Reaffirms Entity Rating of Soorty Enterprises (Pvt) Limited
Karachi, December 15, 2025: VIS Credit Rating Company Limited (VIS) reaffirms entity ratings at ‘AA-/A1’ (Double A Minus/A One) for Soorty Enterprises (Pvt) Limited. Long-term entity rating of ‘AA-’ reflects high credit quality, protection factors are strong. Risk is modest but may vary slightly from time to time because of economic conditions. Short-term rating of ‘A1’ indicates strong likelihood of timely repayment of short-term obligations with excellent liquidity factors. Outlook on the assigned ratings is ‘Stable’. Previous rating action was announced on September 06, 2024.
Soorty Enterprises (Private) Limited (“SEL” or “the Company”) is a vertically integrated manufacturer and exporter of denim products, covering spinning, weaving, sewing thread, dyeing, finishing, garment stitching, and washing. Headquartered in Karachi, Pakistan, SEL operates production facilities in Karachi and Nooriabad and maintains a global presence with subsidiaries in Bangladesh and the UAE, and marketing offices in the Netherlands, Spain, the USA, and Turkey. The Company produces a wide range of denim fabrics and apparel, including jeans, jackets, and shirts, with value-added finishes and sustainable processes, serving leading international apparel brands, primarily in Europe, North America, and Asia.
The assigned ratings reflect Soorty’s strong position in Pakistan’s textile and denim sector, supported by extensive operational experience, a vertically integrated production setup, and a diversified product range spanning spinning, weaving, sewing thread, denim processing, and garments. The rating reflects the Company’s consistent business performance, long-standing relationships with international clients, and growing focus on higher-margin, differentiated products. Integrated operations across business segments enhance production efficiencies, while ongoing investments in sustainable energy initiatives aim to reduce power costs and strengthen operating margins. SEL also maintains a long-term and short-term investment portfolio, offering liquidity and potential market-based returns.
The Company faces moderate business risk from global demand fluctuations, competitive pressures, and raw material volatility. Its long-term customer relationships, along with a strong financial profile supported by liquidity, healthy coverage ratios, and a conservative capital structure, provide stability. Future margin improvements, coupled with maintained liquidity and coverage, will remain key rating drivers.
For further information on this ratings announcement, please contact at 021-35311861-64 or email at info@vis.com.pk.
Applicable Rating Criteria: Corporates:
https://docs.vis.com.pk/docs/CorporateMethodology.pdf
VIS Issue/Issuer Rating Scale
https://docs.vis.com.pk/docs/VISRatingScales.pdf