Press Release
VIS Reaffirms Entity Ratings of Tauseef Enterprises (Pvt.) Limited
Karachi, January 9, 2026: VIS Credit Rating Company Limited (VIS) reaffirms entity ratings of Tauseef Enterprises (Pvt.) Limited (“TEPL” or “the Company”) at 'A-/A2' (Single A minus/A Two). 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. Short term rating of 'A2' indicates a good likelihood of timely repayment of short-term obligations with sound short-term liquidity factors. Outlook on the assigned ratings is ‘Stable’. Previous rating action was announced on September 18, 2024.
Tauseef Enterprises (Pvt.) Limited (TEPL), established in 2006, is engaged in the manufacturing and export of knitted garments and socks. The Company’s registered office is located at Faisalabad. TEPL forms part of the Faisalabad-based Tauseef Group. Founded by Mr. Salamat Ali, the Group operates across textile manufacturing and exports, trading, real estate development, and hospitality business through Grand Regent Hotel & Suites (Pvt.) Limited. The Group primarily serves export markets including the UK, USA, Canada, Europe, and the Middle East.
The assigned ratings reflect the Company’s presence in the textile manufacturing and export sector, supported by a diversified product portfolio and long-standing customer relationships in the international markets. The Company benefits from stable revenue generation and moderate capitalization profile supported by adequate debt coverage and liquidity indicators. The ratings also consider the stability in operational efficiency and consistent production levels across business segments. However, profitability margins remain susceptible to volatility in input costs, energy tariffs, and foreign exchange movement. The governance framework, characterized by family centered ownership structure and absence of independent board representation, constrains institutional depth and transparency. Moreover, exposure to the cyclical nature of the textile industry and dependence on imported raw materials present ongoing challenges. Nonetheless, the Company’s established export linkages, experienced management, and steady cash flow generation underpin the current ratings. Going forward, sustained improvement in profitability margins and diversification of the customer base will be important for maintaining the ratings.
For further information on this rating announcement, please contact at 021-35311861-64 or email at info@vis.com.pk.
Applicable Rating Criteria:
Corporate Rating
https://docs.vis.com.pk/docs/CorporateMethodology.pdf
VIS Issue/Issuer Rating Scale
https://docs.vis.com.pk/docs/VISRatingScales.pdf