Press Release
VIS Reaffirms Entity Ratings of M. K. Sons (Private) Limited
Karachi, August 31, 2026: VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of M. K. Sons (Private) Limited (‘MKS’ or ‘the Company’) at ‘A-/A2’ (Single A Minus/A Two). The medium to long-term rating of ‘A-’ indicates good credit quality; protection factors are adequate. Risk factors may vary with possible changes in the economy. The short-term rating of ‘A2’ denotes good likelihood of timely repayment of short-term obligations with sound short-term liquidity factors. Outlook on the assigned rating remains ‘Stable’. Previous rating action was announced on July 11, 2025.
M. K. Sons (Private) Limited was incorporated in Pakistan in June 1985 as a private limited company. The Company is engaged in textile manufacturing, with operations spanning weaving, bleaching, dyeing, printing, stitching, and the manufacture and export of value-added textile products. Its product portfolio primarily comprises value-added fabrics, home textile products, and denim garments. The Company’s integrated manufacturing operations enable it to undertake multiple stages of textile processing. The registered office and production facilities are located in Faisalabad.
The assigned ratings reflect the Company’s established operating profile in the value-added textile segment, supported by a predominantly export-oriented revenue base and presence in established international markets. The Company’s diversified product mix and continued sales growth, driven by higher selling prices and modest volume growth, provide support to its business profile. The Company is also undertaking renewable energy projects to meet a greater portion of its energy requirements and mitigate the impact of elevated energy costs.
The ratings also incorporate the Company’s financial risk profile, characterized by positive internal cash generation, adequate debt-servicing capacity, and a moderate capitalization profile. While borrowings increased to support working capital requirements, capitalization metrics improved through debt repayments and continued profit retention. Liquidity and coverage indicators remained adequate. Going forward, the ratings will remain sensitive to the Company’s ability to sustain revenue growth and profitability, successfully execute its renewable energy initiatives, effectively manage energy and working capital requirements, and maintain its position in key export markets.
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